PYMNTS

FEBRUARY 10, 2020

The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.

Taxes 175

Taxes Illinois Operations Study 175

PYMNTS

APRIL 10, 2020

TurboTax , the online tax preparation service, has said it is launching a free stimulus registration system to help people who don’t need to file a tax return. Approximately 10 million people in the country don’t have to file taxes, and roughly 80 percent can receive a stimulus check. . Trackers and Reports.

Taxes 216

Taxes Tools Payments Los Angeles 216

PYMNTS

MARCH 13, 2020

Tax season frustrations can blossom into real financial problems, especially when refunds are paper checks sent through postal mail. tax code changes passed in 2017 did not soothe these frictions, either, as they shifted income brackets and altered rates, affecting consumers’ refunds and earnings.

Millennials 160

Millennials Taxes Innovation Operations 160

BankBazaar

JUNE 3, 2022

Are you the sort of person that rushes to file their income tax return as early as possible so that it’s done and dusted? Are you very proud of that gold certificate the income tax department sent you for timely filing? Additional Reading: Which is Better – New Tax or Old Tax Regime? How It Works. When to File.

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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. Such tools can automatically categorize necessary information from receipts and reports, significantly cutting down on the $26.63

Taxes 141

Taxes Fraud Tools System 141

Abrigo

DECEMBER 18, 2023

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. Bankers should examine warning signs and shore up defenses for existing income-producing CRE loans as part of commercial property loan risk management.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

FEBRUARY 16, 2020

Small and medium-sized businesses (SMBs) in Australia are being reminded by the country’s tax office that owing money to the agency is not OK, Broker News reported Friday (Feb. 13) that SMBs will soon face new risks for holding off on tax payments and using the Australia Tax Office (ATO) “as a bank.”.

Taxes 134

Taxes National Report Capital 134

PYMNTS

NOVEMBER 26, 2019

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . SSUTA’s Role in South Dakota v.

Taxes 141

Taxes South Dakota District of Columbia Compliance 141

PYMNTS

JANUARY 27, 2020

The volume and frequency of money and data in typical business practices continue to increase, yet some businesses are still using manual, paper-based expense reporting systems that can lead to costly mistakes. Why Deft Spend Management Is Crucial To Successful Event Planning. The Latest Workforce Spend Headlines.

Management 160

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PYMNTS

DECEMBER 2, 2019

million tax-exempt groups active in the U.S., These organizations need to demonstrate to donors and community members that donations were spent appropriately to retain tax-exempt statuses and encourage future donations. . The same report found that many organizations are still using manual procurement practices.

Management 141

Management Taxes Groups Regulation 141

Abrigo

FEBRUARY 7, 2023

You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH Takeaway 1 The OCC recommends that construction lending risk be managed by specialized real estate and construction lenders who report to the credit department. Takeaway 2 Construction lending risk is unique.

Lending 195

Lending Management Risk Management Software 195

PYMNTS

JUNE 12, 2020

Stronger report functions for QBO Accountant and QuickBooks Online have come with a refresh of the accounting software programs in June. A new QuickBooks Desktop Enterprise level, which provides versions tailored to certain verticals as well as assisted payroll, also arrived with the revamp, Accounting Today reported.

Report 141

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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

JULY 8, 2019

Australian small business cloud accounting company MYOB was managing a system glitch last week after it confirmed hundreds of payroll reports known as group certificates or payment summaries were sent to the wrong recipients. Although 220 payment summaries were incorrectly sent, MYOB shuttered some of its systems for all customers.

Report 148

Report System Taxes Groups 148

Perficient

MARCH 22, 2021

Oracle EBS Applications utilize a sophisticated batch scheduling and processing mechanism known as the Concurrent Managers. An EBS feature that has been available for quite some time but is not very well understood is the ability to configure the Concurrent Manager process to run in a distributed architecture environment.

How To 309

How To Management System Taxes 309

Perficient

SEPTEMBER 9, 2020

Too much rationalization can create “change management” headaches for employees, customers, and suppliers. Do Convert GL Balances (minimum 2 years for year over year reporting). This will allow you to have Additions and Retirements reports for the current year in the Cloud. Do Convert FA Tax Books.

Data 322

Data Taxes System Report 322

PYMNTS

JANUARY 25, 2021

Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . After Spain’s government levied a new digital tax, Amazon plans to increase fees by 3 percent starting in April for Spanish firms harnessing its platform, Reuters reported. 21, according to the report. .

Taxes 141

Taxes Google Compliance Apple 141

PYMNTS

JANUARY 11, 2021

US Trade Representative: India, Italy, Turkey Digital Taxes Discriminates Against US Firms. Trade Representative (USTR) recently released the results of Section 301 probes of digital services taxes (DSTs) that Turkey, Italy and India have adopted, finding that each tax “discriminates against U.S. Billion Of French Products.

Taxes 132

Taxes US Compliance social media 132

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

PYMNTS

SEPTEMBER 26, 2018

It marked the first drop in ICO funding in more than a year, according to Bloomberg reports, citing a correlation between ICO funding declines and drops in cryptocurrency values. He is also CEO of his new venture Genesis , a company formed to provide consulting and asset management services in the context of cryptocurrencies.

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

MARCH 4, 2020

As a result, new technologies are needed to unlock data silos and support the ERP’s newfound role as a collaborative portal for corporates, said Wes Gillette, vice president of Product Management at insightsoftware. He pointed to financial reporting as one example of this shift. Disruption Ahead.

Data 260

Data Taxes Analytics Management 260

Perficient

AUGUST 19, 2020

During the last two months approximately, one new solution, Cloud Administration Tools “CAT”, and three updates: Account Reconciliations “RCM”, Task Manager “UTM” and Tax Provision “TXP” have been released. With the process executed, the task which is a task type of Data Management can be monitored from Task Activity.

Management 322

Management Tools Taxes Data 322

PYMNTS

JANUARY 30, 2020

On the other hand, an employee exploiting weaknesses in a paper-based T&E reporting system by submitting fake receipts is a crime, and represents another vexing scenario for accounting. They’ve had it with the futility of managing an increasingly complex mélange of paper and digital invoices, disbursements, payments and reconciliations.

Management 130

Management Las Vegas Cards Taxes 130

PYMNTS

JANUARY 24, 2021

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The update to the FACE offering comes 19 months after the offering debuted, the report stated.

Taxes 178

Taxes Compliance Software Fraud 178

PYMNTS

DECEMBER 28, 2020

India-based business management software provider Tally Solutions is debuting a new service, TallyPrime Release 1.1, to help boost eInvoicing as a mandate for companies rolls out, a report from ExpressComputer.In We are soon releasing TallyPrime Release 1.1

Taxes 202

Taxes Software Management Report 202

PYMNTS

MAY 19, 2020

Electronic payments processing is becoming “increasingly critical” for Ontario Systems’ customers, which mandated the acquisition of SwervePay acquisition, a payment facilitator in the accounts receivable management and healthcare industries.

System 239

System Payments Taxes Software 239

BankBazaar

DECEMBER 2, 2024

Large cash transactions, particularly those exceeding specified thresholds, can attract attention from the Income Tax Department. The Income Tax Department (ITD) employs stringent regulations to monitor high-value financial transactions to prevent tax evasion and money laundering.

Taxes 78

Taxes Cards Regulation Report 78

PYMNTS

SEPTEMBER 8, 2020

Russian legislator Fedot Tumusov sent a draft bill to the country’s lower parliamentary body that calls for a limit of 20 percent on commissions for the sale of mobile apps, Reuters reported. Big Tech Updates Fees to Reflect UK Digital Services Tax. Meanwhile, Google is set to make advertisers pay Britain’s digital services tax.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

MAY 22, 2020

CNBC reported these independent contractors who borrowed from the PPP face the prospect of not getting the balance forgiven. 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.

Ohio 248

Ohio Taxes Guidelines California 248

PYMNTS

JANUARY 16, 2019

The CBA pilots, as reported by CoinDesk and other sites, were tied to the issuance of letters of credit and securities. 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. The service will debut at the end of March.

blockchain 206

blockchain Taxes Security Survey 206

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

SEPTEMBER 29, 2020

26), the first time in months, Bloomberg reported. Because of all of these factors, attorney Al Togut , who's worked in bankruptcies before, predicted an "avalanche" of bankruptcies in the fall and winter, Bloomberg reported.

New York 224

New York New York City Taxes Community 224

PYMNTS

DECEMBER 20, 2019

With more than $89 million raised, B2B FinTechs this week impressed venture capitalists (VCs) with a range of services, including small business accounting, financing, spend management and payroll. According to reports , the company has raised $5 million in seed financing from Pierre Lorinet and Fabio Blom, while MI8 also participated.

Management 131

Management Fintech Capital Operations 131

PYMNTS

DECEMBER 21, 2020

About $225 million in adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is expected for 2020. . Upon the closing of the transaction, the current Acima management team will report to Preferred Dynamix Executive Vice President Jason Hogg , and the combined business will be reported in the Preferred Lease segment.

Utah 263

Utah Retail US Taxes 263

PYMNTS

JANUARY 18, 2021

Reports in The Wall Street Journal said the latest pandemic relief package allocates $284 billion in PPP loans for small businesses. 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 But new concerns are mounting over the U.S.

Community 219

Community Fraud Taxes Massachusetts 219

PYMNTS

MAY 14, 2019

Restaurant management platform Toast has launched Toast Payroll & Team Management, a payroll and HR solution designed for the restaurant industry, the company said in a release. It used the software to systematize payroll, and allowed managers more freedom to focus on their team, as opposed to the nuances of payroll management. “We

Software 218

Software Compliance Management System 218

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