PYMNTS

NOVEMBER 16, 2018

Cloud accounting software firm Xero is broadening its reach in the small business tax filing space through an acquisition of Instafile. based Instafile to integrate its cloud-based tax preparation and filing solution. The company connects accountants, bookkeepers and small businesses to tax authorities to maintain compliance.

Taxes 148

Taxes Software Compliance Meeting 148

Payments Dive

OCTOBER 8, 2024

Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.

Illinois 243

Illinois Taxes 243

Perficient

OCTOBER 15, 2024

Lets talk about data governance in banking and financial services, one area I have loved working in and in various areas of it … where data isn’t just data, numbers aren’t just numbers … They’re sacred artifacts that need to be protected, documented, and, of course, regulated within an inch of their lives.

Tools 221

Tools Data Compliance Regulation 221

PYMNTS

NOVEMBER 14, 2018

As the saying goes, nothing in life is certain but death and taxes. To be certain of taxes, will blockchain seal the deal? Last week, Thailand’s Revenue Department was reported to be bringing blockchain projects into the fold to track tax payments, aided by machine learning.

Taxes 141

Taxes blockchain Data Report 141

PYMNTS

NOVEMBER 2, 2020

UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. The United Nation’s Tax Committee of Experts has indicated support for an initiative to assist developing nations in taxing Big Tech, Bloomberg Tax reported on Wednesday (Oct. streaming company to pay taxes, Techwire Asia reported.

Taxes 212

Taxes National Regulation Google 212

PYMNTS

NOVEMBER 29, 2019

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. tax policy at Avalara , noted that this holiday season is the second one post-Wayfair. The hard part?

Taxes 134

Taxes South Dakota New York Nebraska 134

PYMNTS

JULY 15, 2020

Today (July 15) is Tax Day , and despite it coming three months later than normal due to COVID-19, several million Americans will be scrambling to get their returns (or at least their applications for extensions) out the door by midnight. Olson thinks the IRS might need 18 months to work through all of that paper, delaying some tax refunds.

Taxes 146

Taxes National Regional Report 146

PYMNTS

JUNE 10, 2020

Beyond the challenges of the pandemic that is forcing businesses to grapple with all manner of operating challenges, tax complexity has been building over the years on a global stage — and it’s only going to increase. There are many online merchants out there that have static, hard-coded tax rates in their systems.”.

Taxes 131

Taxes South Dakota Software Compliance 131

PYMNTS

NOVEMBER 29, 2018

Federal authorities in Germany raided six offices of Deutsche Bank on Thursday morning (November 29), searching for evidence about money laundering and offshore tax havens, according to a report by The Wall Street Journal. The searches could very well continue into Friday, authorities said.

Taxes 129

Taxes United States Report Company 129

PYMNTS

JANUARY 29, 2020

businesses are likely already feeling tax season’s pressures. Filing is exhausting and complicated for individuals, and businesses experience those tax difficulties to a far greater degree. SMBs And Manual Tax Frustrations. Digitizing these processes can ease SMBs’ tax frustrations. Spring may seem far away, but U.S.

Taxes 141

Taxes Fraud Tools System 141

PYMNTS

JANUARY 6, 2020

As 2020 dawns, regulators are continuing to focus on taxes and possible anti-competitive behavior on the part of tech’s marquee names. One continuing theme that will play out into the new year (and well beyond): taxes. The tax took effect at the beginning of this year. The document from U.K.

Taxes 131

Taxes Regulation Samsung Google 131

Abrigo

OCTOBER 14, 2014

Other common manual errors include double counting income and debt-service and excluding necessary tax forms. • Spreading : “Three analysts at the same institution may spread three tax returns into financial statements three different ways,” notes McPeak. This could improve consistency across the board.

Risk Management 223

Risk Management Management Taxes Analysis 223

Perficient

FEBRUARY 24, 2021

Do you use Vertex O Series and are looking for more information and guidance than what is included in the Vertex O Series help or documentation? We can assist you with your Vertex integration and configuration, and help you to meet your Indirect tax calculation requirements. You may be in luck! There is a caveat.

Training 309

Training Resources Video Taxes 309

Abrigo

FEBRUARY 20, 2025

AI can extract information from tax returns and pull credit checks to speed up underwriting, which is good. It then offers to initiate an online application, outlining the required documents and information. Take loan approval, for instance. The streamlined process frees up the underwriting team to focus on more complex applications.

Strategy 195

Strategy Compliance Data Tools 195

Abrigo

DECEMBER 10, 2024

It can take many forms, such as misusing or stealing money, coercing an older individual into signing documents, or improperly using conservatorship, guardianship, or power of attorney. This crime against the elderly typically involves assets being taken through deception, coercion, or threats.

Fraud 195

Fraud Training Software social media 195

PYMNTS

OCTOBER 11, 2019

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. When [eCommerce companies] can’t get through the language barrier, the outcome is large-scale tax evasion, whether through ignorance, or whether through deliberate actions across the world.”.

Taxes 123

Taxes Course Company Training 123

Commercial Lending USA

MAY 22, 2023

Mortgage lenders that do not require tax returns are a great option for self-employed individuals or those with non-traditional income sources. These lenders typically use bank statements and other financial documents to verify income instead of tax returns.

Taxes 98

Taxes Lending 98

PYMNTS

JANUARY 16, 2019

The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

blockchain 206

blockchain Taxes Security Survey 206

PYMNTS

MAY 13, 2020

The IRS is seeking to have contractors assist in auditing digital currency tax returns, according to a post on CryptoTrader.Tax ‘s website. CryptoTrader.Tax is a tax software platform and is used by bitcoin as well as digital currency investors to manage their reporting.

Taxes 130

Taxes Bitcoin cryptocurrency Meeting 130

Abrigo

JANUARY 21, 2025

As the Abrigo team has had the opportunity to work with many institutions and their regulators, they understand what is needed in analysis and documentation to ensure a seamless examination. How would your institution manage this additional workload while maintaining compliance with daily deadlines?

Fraud 221

Fraud Training Analysis Compliance 221

Abrigo

MAY 1, 2020

Guidance for other employers in general on documentation for forgiveness isn’t spelled out specifically. However, the American Institute of CPAs recently published recommendations for PPP loan forgiveness documentation aimed at driving consistency among lenders and reducing borrower confusion. 15 through June 30, 2019, or b) Jan.

Taxes 195

Taxes Lending Payments Report 195

PYMNTS

JANUARY 31, 2021

Kindambu, 49, “carried out the scheme in connection with two businesses that he owns by creating fraudulent payroll documentation for each business, and then submitting that documentation in support of the PPP loan applications,” the U.S. District Attorney’s Office for the Eastern District of Virginia stated in the release.

Virginia 222

Virginia Fraud Taxes Meeting 222

Abrigo

JANUARY 7, 2021

Borrowers of less than $150,000 don’t have to provide documentation of this when they apply, but they must either provide it during the application, during the forgiveness application, or on SBA’s request. Relevant tax forms, quarterly financial statements, or bank statements are acceptable documentation. March 31 deadline.

Taxes 195

Taxes Lending Connecticut Capital 195

Abrigo

NOVEMBER 17, 2023

Stop : Driving to pick up bank statements and other supporting documents from a borrower or making repeated phone calls to secure them, and tracking documents needed for loan processing on a spreadsheet one by one as they trickle in. Stop manual tax-data entry. Generate fully documented ones with one click.

Lending 221

Lending System Software Taxes 221

Abrigo

APRIL 19, 2017

Analysts at most banks and credit unions are still manually typing numbers from documents like tax returns into their spreading software. When banks and credit unions rely on manual data entry they generally need to maintain physical paper copies of documents. Tax returns alone can take hours for a single loan.

Data 150

Data Taxes Software Analysis 150

PYMNTS

SEPTEMBER 17, 2020

Physical documents introduce a trove of friction points for the enterprise. Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. A (Digital) Document Deluge.

Compliance 157

Compliance Taxes Industry Data 157

PYMNTS

JANUARY 24, 2019

Data and analytics company Ascension has suffered a data leak that exposed more than 24 million loan and mortgage documents from some of the country’s biggest banks. Unfortunately, the server wasn’t password protected, giving anyone access to the documents. It’s those documents that were exposed, Diachenko said.

Taxes 155

Taxes New York Security Data 155

PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

Taxes 100

Taxes Bitcoin blockchain Seattle 100

BankBazaar

JULY 9, 2024

Amidst tax filing season, understanding the necessity of filing a NIL income tax return can save you from potential hassles and bring financial benefits. As tax season approaches, many people may wonder about the necessity of filing an income tax return (ITR) when their income falls below the taxable threshold.

Taxes 78

Taxes Compliance Regulation System 78

PYMNTS

JANUARY 19, 2021

He also allegedly submitted fake tax documents with both applications. Yates allegedly submitted a list of the purported employees with the applications, which he had obtained from a random name generator on the internet, the release said. Yates was charged with two counts of wire fraud.

Texas 263

Texas Fraud Taxes Report 263

PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Federal Trade Commission on Tuesday (Sept.

Taxes 134

Taxes Fraud Operations Security 134

PYMNTS

JANUARY 27, 2020

The latest Workforce Spend Playbook examines how an increasingly younger workforce is changing employees’ and employers’ approaches to payment and expense spending, as well as the ways manual spending tools could hurt both during tax season and in spend reporting. How Business And Their Workers Can Avoid Frustrating Tax Mistakes.

Management 160

Management Taxes Tools Metro 160

PYMNTS

FEBRUARY 14, 2020

Europe has long sought to make very profitable Big Tech companies conducting business through the web pay tax where they sell their offerings instead of in tax havens. The continent now wants global financial leaders to make taxing digital giants a priority in 2020, Reuters reported. over the matter.

Taxes 140

Taxes United States Google Washington 140

PYMNTS

DECEMBER 4, 2020

Linking that kind of document to the DATEV Unternehmen through the DATEVconnect online interface, users will have the ability to hand over documents quicker and easier to tax accountants, according to the release.

Taxes 164

Taxes Digital Banking Management Company 164

Abrigo

JANUARY 17, 2023

A lot of us used a customer portal for PPP Lending due to the mere volumes of customer loan requests and documents flowing to/from the bank and the customer. The customer portal for requesting financials and tax returns. No more file/share renaming the documents to the appropriate customer, etc. This has several bonuses.

Lending 195

Lending System Customer Experience Case Study 195

South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

Taxes 195

Taxes Community Bank Community Operations 195

Abrigo

JULY 19, 2017

One of the most common ways to import the data from a tax return into a digital system is to use Optical Character Recognition (OCR) software. However, for more complex data like a tax return that has both letters and numbers of varying lengths, OCR is not very accurate. This happens when a computer sees an image of a tax return.

Taxes 150

Taxes Software Data Lending 150