PYMNTS

NOVEMBER 25, 2019

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales. Health Records and Google.

Taxes 130

Taxes Google Data Regulation 130

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

PYMNTS

OCTOBER 19, 2020

EU regulators are reportedly creating a “hit list” of approximately 20 firms — Big Tech signature names among them — that will encounter stricter regulations over market competition and other operational activities. The new regulations would also reshape the manner in which these companies collect and harness information.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

MAY 28, 2020

Halving also doubled the cost of mining, which saw inefficient miners ceasing operation. South Korea is pondering a modification to its tax law which could place taxes on cryptocurrencies. But individuals’ profits from virtual currency is not listed as income, they don’t end up falling under income taxes.

Taxes 142

Taxes Bitcoin cryptocurrency blockchain 142

PYMNTS

SEPTEMBER 15, 2020

The world needs a FinTech operating system.”. Fraud is a real risk when handing over the (tangible) plastic, said Poovala, especially when fraudsters lift the card data and then use that information to buy goods and services online. The world doesn’t need another bank,” Poovala told Webster.

System 258

System Operations Fintech Taxes 258

PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. Deciphering obligations. he said. .

Taxes 131

Taxes Policies Compliance Retail 131

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

SEPTEMBER 8, 2020

The FAA’s role is to ensure that any [drone] operation is performed safely,” the FAA said in a statement to PYMNTS. 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. customer charges to cover the new tax.

Taxes 131

Taxes Google Apple social media 131

Abrigo

OCTOBER 21, 2024

In an ideal world, banks and credit unions would have perfect information and would know from the outset of any early warning signs that a borrower is experiencing distress. Some early warning signs of problem commercial real estate (CRE) loans include new liens or the failure to deliver required financial information.

Strategy 195

Strategy Management Taxes Meeting 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

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

APRIL 27, 2020

The key groups who will receive these payments include people who aren’t required to file tax returns, such as those who receive Social Security, Supplemental Security Income (SSI) and veterans’ affairs benefits. In addition, tax filers who have recently provided bank information to the IRS will get the payments.

Taxes 257

Taxes Security Payments Tools 257

Bank Innovation

NOVEMBER 19, 2019

The bank is tapping cloud banking vendor nCino to automatically pull information from tax returns when underwriting commercial loans. According to Jason Shields, vice president and loan operations manager at Gulf […]. Gulf Coast Bank and Trust, a New Orleans-based bank with $1.7

Taxes 199

Taxes Operations Management Technology 199

PYMNTS

APRIL 4, 2018

Today’s smarter payments are delivered much faster – within hours or even just a few seconds – and include data to inform both payers and payees. How Smarter Payments are Enabling Instant Tax Refunds. Approximately 15 million tax filers begin the process of getting a refund in January.

Taxes 100

Taxes Report System blockchain 100

PYMNTS

JANUARY 3, 2021

T-Mobile has told some customers of a “security incident” in which a malicious party “may have impacted some of your T-Mobile account information.”. T-Mobile began informing customers of the incident on Dec. That incident, the company stated at the time, involved some of the same information that was compromised in the latest incident.

Mobile 213

Mobile Data Taxes Security 213

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. Smooth B2B operations depend on robust data gathering, but many companies rely on manual methods to collect information and complete supplier enrollment.

Data 166

Data Management Taxes Meeting 166

Perficient

DECEMBER 8, 2020

We created an automation strategy for improving cloud operations, which also provided DevSecOps risk mitigation and allowed our client to meet compliance requirements. Now, employees can easily access the information they need about products, research, policies, and their colleagues. Data Lake Modernization.

Google 493

Google Data Technology System 493

PYMNTS

FEBRUARY 20, 2020

Enterprise resource planning (ERP) and enterprise performance management (EPM) company insightsoftware has announced its acquisition of financial planning and tax software provider Longview, according to a Thursday (Feb. We can now offer our clients more of the financial and tax solutions they need, all from a single provider.”.

Taxes 130

Taxes Resources Samsung Software 130

South State Correspondent

SEPTEMBER 13, 2023

The payer enters this information into an accounting or accounts payable (AP) system (either manually or electronically). Using a Request for Information (RFI) message, a payer can ask a payee for additional information about the transaction, or a payee can provide further information regarding the transaction.

Payments 221

Payments Fraud Data Taxes 221

South State Correspondent

MAY 30, 2024

We work with well-known national CPA firms that specialize in working with banks specifically to claim their ERC tax rebate. Instead of just the revenue test, where most CPA firms focus, our approach targets the total or partial suspension of operations aspect of ERC eligibility. The average tax rebate is approximately $1.5

Georgia 195

Georgia Alabama New Jersey Taxes 195

Abrigo

APRIL 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. At the same time, 59% pursued credit to meet operating expenses. Each small business has a distinctive business strategy, customer base, and mode of operation —factors that make small business loans harder to monitor than those for large corporations.

Lending 243

Lending St. Louis Community Marketing 243

Abrigo

AUGUST 26, 2024

I recently discussed appropriate risk and control environments for CECL during an ABA webinar hosted by Mike Gullette, the ABA’s Senior Vice President of Tax and Accounting. Are controls established by the specialist/third party sufficient to rely on information (SOC 1)? Have we reassessed the use of the specialist/third party?

Compliance 195

Compliance Management Regulation Data 195

PYMNTS

MAY 19, 2020

BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report. Multiple crypto operations serving the country, however, are legally based in other nations. The agency claims that it seized phones, computer equipment and cash, with the inclusion of U.S.

Data 212

Data Bitcoin cryptocurrency Taxes 212

PYMNTS

MAY 6, 2020

The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. TurboTax is among the platforms seeking to make it easier for U.S.

Online 222

Online Taxes United States Industry 222

Perficient

MARCH 22, 2021

Many of these processes have a voracious appetite for CPU and memory resources, which can bring a typical well-configured application tier server to its knees during peak operating times. DCP spreads the Oracle EBS Concurrent Manager activities across multiple application tier nodes.

How To 309

How To Management System Taxes 309

Abrigo

MAY 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. At the same time, 59% pursued credit to meet operating expenses. Each small business has a distinctive business strategy, customer base, and mode of operation —factors that make small business loans harder to monitor than those for large corporations.

Lending 195

Lending St. Louis Community Marketing 195

Abrigo

JANUARY 7, 2021

see our PPP Second-Draw infographic for more information.). Relevant tax forms, quarterly financial statements, or bank statements are acceptable documentation. Borrowers can be gathering basic information likely to be needed for any application. 2019 tax returns or 2019 year-end financial statements 2. What's required.

Taxes 195

Taxes Lending Connecticut Capital 195

FICO

OCTOBER 26, 2017

You would think one system would be enough to manage foreign tax compliance. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). Two aspects are of interest: possible additional tax revenue from foreign accounts and additional information on the customers.

Taxes 53

Taxes Compliance Report US 53

PYMNTS

FEBRUARY 21, 2018

Larger operators have leverage. Thus, cost control — and visibility on margins — tends to lean toward those operators who have critical mass and scale. Thus, cost control — and visibility on margins — tends to lean toward those operators who have critical mass and scale. and efforts to level the playing field a bit.

Operations 100

Operations Cards Management Taxes 100

Perficient

OCTOBER 15, 2024

Banks process an astronomical amount of sensitive information daily—think trillions of transactions annually—and they need to manage that data efficiently and securely. Companies like American Express have adopted Alation’s tools to streamline their data governance operations. Why is Data Governance Such a Big Deal?

Tools 221

Tools Data Compliance Regulation 221

FICO

MARCH 16, 2018

Social Network Analysis (SNA) tools hold the potential to help tax and revenue agencies identify non-compliance and tax fraud. These tools have been proven to be effective in fraud detection¹, but to date haven’t been utilized to any large degree at tax agencies. Opportunities for Tax Agencies. Improper registrations.

Analysis 45

Analysis Taxes Fraud Compliance 45

Abrigo

FEBRUARY 5, 2021

3 asked the Small Business Administration (SBA) to address quickly “significant operational, system and communication challenges,” including applications being erroneously denied due to validation checks in place this round. It also said it was providing more information to local and district SBA staff on the review and resolution processes.

Fraud 195

Fraud Lending Taxes Regulation 195

PYMNTS

DECEMBER 16, 2020

Indeed, payroll information was key to administering PPP loans to small- to medium-sized businesses (SMBs), and according to Finch Co-Founder and CEO Jeremy Zhang , it won't be the last time payroll data is used to optimize SMB lending. Today, he said he sees three key categories of use cases for this information.

Data 291

Data Lending Innovation Fintech 291

PYMNTS

APRIL 15, 2019

“Goods and services are sourced and shipped from a large number of suppliers, leaving business customers with a tremendous volume of expenses to process, and often little information for each transaction.”. Now, Mastercard said, it is providing mid- and large-sized operations with an easier way to understand and manage expenses.

Data 177

Data Taxes Tools Analytics 177

South State Correspondent

AUGUST 14, 2024

to three times earnings before interest taxes, depreciation and amortization (EBITDA), a service business for 1 to 4 times EBITDA, and restaurant for 0.5 times net operating income (NOI) (or close to 12.5 The calculator starts with monthly income, subtracts operating expenses to arrive at NOI. to two times EBITDA.

Tools 195

Tools Marketing Community Bank Community 195

Abrigo

MARCH 13, 2024

Beyond a hard money default due to a payment or maturity event, early warning signs for CRE loans typically manifest as a : Failure to pay real estate taxes. Failure to deliver required financial information. Failure to sustain adequate insurance coverage. Failure to maintain the property. New lien on the commercial real estate.

Strategy 221

Strategy Course Meeting Taxes 221

PYMNTS

SEPTEMBER 23, 2019

Various agencies in the country are sharing information like copyright violations and payroll figures so a comprehensive database can be created. million times last year for offenses such as unpaid taxes and fines. Some 33 million businesses were evaluated and ranked on a scale of one to four. . Consumers were also barred 5.5

Taxes 177

Taxes New York System Training 177