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.

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Taxes Fraud Tools System 141

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. One significant example can be found in the 2018 Supreme Court ruling known as South Dakota v.

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Taxes South Dakota Software Compliance 131

PYMNTS

JULY 13, 2020

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets.

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Taxes Bitcoin Capital cryptocurrency 170

Chris Skinner

NOVEMBER 13, 2018

For example, dealing with clients who require a Government Tax Residency Letter and multiple hurdles to be cleared before they can make payment; or dealing with American clients who want to pay me by cheque; or, worst of … The post Legacy vendors are more of an issue than legacy systems appeared first on Chris Skinner's blog.

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System Taxes Examples How To 273

PYMNTS

AUGUST 3, 2020

For example, a consumer buys a sandwich at a local shop, pays by QR code, and she automatically gets rewards points, he said, redeemable at that merchant the next time she visits. But he said merchants also fear taxes. Governments [in] general like this digital push because it definitely increases tax revenues,” Neoh said.

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Taxes Regional Payments Examples 311

Perficient

JUNE 30, 2022

Ryan Salame, the co-CEO of FTX, said the campus could serve as a bellwether for similar crypto companies looking to take advantage of the island country’s favorable tax and regulatory frameworks. For example, the Bahamian government is planning on allowing Bahamians to pay their taxes using Sand Dollars. Crypto Conference.

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cryptocurrency Regulation Conference Taxes 472

Perficient

DECEMBER 1, 2022

Here is an example scenario in which a financial advisor equipped with Salesforce was able to better target a client while maintaining regulatory compliance. She had a list of eligible prospects from community events she had recently attended, as well as current clients in mind that would benefit from tax-aware asset location.

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Taxes Customer Experience Marketing Compliance 294

South State Correspondent

DECEMBER 12, 2024

For example, assume that a borrower is considering a loan, structured as a 25-year amortization, due in ten years, at 7.00% fixed rate. There are three major drivers that make loan points not an equivalent outcome for borrowers taxes, liquidity, and loan prepayments. The loan profile is shown in the graph below.

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Taxes Examples Payments Analysis 195

PYMNTS

APRIL 16, 2020

People took to social media to express their anger, some stating that they’ve had the same bank account for a dozen years and others complaining that their tax payments got deducted but they can’t get a deposit. If you filed last year’s or this year’s taxes we have your information.”. Just be patient, check back later,” says Garcia. “If

Taxes 291

Taxes social media Tools Payments 291

PYMNTS

NOVEMBER 16, 2020

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy. percent to 10 percent.

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Maryland Taxes Online Groups 151

South State Correspondent

AUGUST 31, 2022

Then there are vendor contracts, employment agreements, statements of work, loan documents, financial statements, tax returns, deposit account documents, policies, and an array of similar applications. Pulling data off a tax return has a low error rate while pulling data off an attorney-prepared loan document is more challenging.

Data 448

Data Training Examples Taxes 448

PYMNTS

APRIL 8, 2020

They previously only interacted with clients in physical branches — accepting deposits and extending loans, for example — but such interactions offered little ability to facilitate customers’ primary business activities. Banks are continually working to provide their business customers with more streamlined, impactful services.

Taxes 247

Taxes Examples Payments Mobile 247

PYMNTS

SEPTEMBER 8, 2020

Big Tech Updates Fees to Reflect UK Digital Services Tax. Apple announced upcoming tax changes for apps and in-app purchases to include tax law changes in the U.K. For example, the company intends to pass on a new 2 percent U.K. digital services tax on to consumers in addition to an existing 20 percent value-added tax.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

MARCH 4, 2020

He pointed to financial reporting as one example of this shift. For example, he pointed to multinational corporates’ need for tax provisioning and transfer pricing solutions to promote efficiency and compliance across borders.

Data 260

Data Taxes Analytics Management 260

Abrigo

JANUARY 6, 2017

For example, this technology could help create completely traceable audit trails or ultimately automate the entire audit process. In auditing, for example, there’s a lot of inefficiency in gathering the audit evidence. Some in the accounting profession believe blockchain technology is currently at the height of the “ hype cycle.”

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Trends blockchain Taxes Survey 218

PYMNTS

JANUARY 16, 2019

In one example from the past several days, the China Banking Association (CBA) — the regulatory agency tied to the sector — has launched a new blockchain-underpinned initiative focused on trade finance. 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 6, 2020

The pandemic has shut down brick-and-mortar casinos in markets like the United States to help minimize risk, for example, leading consumers to turn to online casinos and sportsbooks. The COVID-19 pandemic has put a halt on some of that growth — no sports means no sports betting, for example — but it has not prevented its rise completely.

Online 222

Online Taxes United States Industry 222

Perficient

OCTOBER 20, 2020

An example of an image is provided using the Account Reconciliations solution which is classified as a Reconciliation Suite solution. One of the solutions, Tax Provisioning , “automates and streamlines the tax provisioning process in the OneStream XF Platform” and is the new addition to the Compliance category.

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Training Compliance Security Examples 294

Perficient

JANUARY 29, 2021

Whether County information is needed to support US Sales and Use Tax and if so, Counties are present where needed. For example, your Ledger currency may be USD, but you have a Supplier who invoices in CAD. For example, you may have a general rule that all Suppliers are paid by ACH. Supplier or Customer site definition.

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Data System Taxes Examples 322

PYMNTS

MAY 22, 2020

The measure limits independent contractors and the self-employed to borrow up to two months of their pay based on their 2019 income tax return or $15,385, whichever is less, toward forgiveness. If they can’t convince the SBA they met those requirements, borrowers have two years to repay it at a 1 percent interest rate.

Ohio 248

Ohio Taxes Guidelines California 248

South State Correspondent

AUGUST 31, 2022

Then there are vendor contracts, employment agreements, statements of work, loan documents, financial statements, tax returns, deposit account documents, policies, and an array of similar applications. Pulling data off a tax return has a low error rate while pulling data off an attorney-prepared loan document is more challenging.

Data 74

Data Training Examples Taxes 74

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. 1: Instant disbursements as a percentage of all non-tax disbursements in the U.S. Fast Fact No. are growing — but slowly. More than two-thirds of consumers (68.1

Trends 306

Trends Study Taxes Payments 306

South State Correspondent

JANUARY 25, 2024

T2S & S2T: Allows for text-to-speech and speech-to-text A Banking Example of a Large Action Model LAMs impact banks in two ways. For example, the LAM will be secure and will have access to a user’s driver’s license, photo, tax records, and W-2s. Banks will present a “LAM view” of workflow.

Examples 370

Examples Security User Experience Data 370

PYMNTS

APRIL 27, 2020

Nothing brings money to top of mind like tax season — and tax refunds and stimulus payments , doled out in the wake of a pandemic known as the coronavirus. The trillions of dollars in stimulus funding and tax refunds being extended to families, individuals and businesses is coming — but slowly. Tax refunds? Very slowly.

blockchain 272

blockchain Taxes Industry Payments 272

Abrigo

OCTOBER 25, 2014

Tip: When presenting financial statements or tax returns to a client, identify one or two open-ended questions to ask so that you can start the dialogue with clients about their business concerns and begin to offer proactive advice. “When they think of their accountant, they think of taxes,” he says.

Taxes 284

Taxes Study Survey Fraud 284

Abrigo

APRIL 19, 2022

Not analyzing (or requesting) all of the necessary tax forms Tax returns and their supporting schedules are vital to performing a GCF analysis correctly. For example, the K-1 forms are crucial for obtaining the distributions and contributions applicable to the individual, which provide an actual cash flow amount.

Analysis 195

Analysis Taxes Lending Examples 195

PYMNTS

AUGUST 12, 2020

In just a few examples: More than 42 percent of consumers surveyed are engaging in retail shopping via the web as of the end of May, up markedly from the 12.3 You might know Intuit as the financial services company that is home to the personal finance app Mint and tax preparation app TurboTax , among other offerings.

Taxes 276

Taxes Survey Online Tools 276

PYMNTS

DECEMBER 27, 2020

PwC, for example, has noted that “while the underwriting fee typically constitutes the largest direct cost that a company incurs as it goes through an IPO, the legal, accounting and tax costs are also consequential and can increase significantly for companies facing additional complexities in preparing for an IPO.”.

New York 270

New York US Examples Training 270

PYMNTS

DECEMBER 17, 2020

Twenty-two percent of Americans have reported being targeted by pandemic-related fraud, for example, such as schemes involving fake personal protective equipment (PPE) merchants or fraudsters impersonating tax officials. For more on these and other digital fraud news items, download this month’s Tracker.

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Fraud Online Retail Examples 255

PYMNTS

JANUARY 18, 2021

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 For example, in one case, the brothers allegedly changed the PO number of units from less than 100 to 10,000, allowing them to over-bill for the fake order.

Community 219

Community Fraud Taxes Massachusetts 219

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Preventing crime also includes thwarting tax fraud, and companies must obtain certain details to fulfill their tax reporting responsibilities.

Data 166

Data Management Taxes Meeting 166

PYMNTS

SEPTEMBER 24, 2018

tax law and revenue accounting rules. As a result, past financial reports had to be reexamined to recalculate the value of tax credits or liabilities, or to assess how previous results would look under new rules. percent stake in CWGS Enterprises.

Taxes 170

Taxes Massachusetts Software Analytics 170

PYMNTS

APRIL 14, 2020

Food delivery and Uber drivers, for example, are among those still able to work. Instacart’s downloads for the month of March 2020 increased 218 percent month-to-month, for example, and other grocery platforms saw increases not far behind. For more on these and other stories, visit the Tracker’s News & Trends.

Regulation 285

Regulation Examples United States National 285

PYMNTS

APRIL 21, 2020

As he told Webster, “technical debt is like a tax. It’s a tax on agility, productivity and adaptability. It’s a tax that gets built up over time.”. Kassam told Webster that a single customer can have different names within the same firm — in one department, for example, a corporate client could be known as “customer X Inc.,”

System 208

System Taxes Data Technology 208

Perficient

NOVEMBER 4, 2020

Thinking about that loan package, tax returns and W2s are standard forms with standard layouts that change rarely. The continuing dependence on structured form extraction and assumptions about each document’s layout causes similar problems to my earlier classification example. Getting back to our example….

Training 322

Training Data Tools Examples 322

PYMNTS

SEPTEMBER 15, 2020

Oyster, he added, can leverage the cultural mistrust of traditional banks in Mexico with the general trust that country’s citizenry places in foreign brands (Starbucks, he said by way of example, is ubiquitous and beloved in Mexico). Widening Debit’s Acceptance.

System 258

System Operations Fintech Taxes 258

Perficient

AUGUST 12, 2020

If too many spare parts are held, the prices of financing, insurance, taxes, physical handling, warehousing, etc. This trade-off is illustrated in the following chart: *Carrying cost includes the costs of financing, warehousing, physical handling, taxes, insurance, obsolescence, deterioration, and pilferage. will balloon.

How To 309

How To Taxes Exercises System 309