ThomsonReuters

DECEMBER 20, 2020

What is the difference between sales tax and value-added tax (VAT)? Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. Sales tax and VAT are a common cause of confusion within the corporate tax community.

Sales 119

Sales South Dakota Tax corporation tax 119

PYMNTS

DECEMBER 20, 2020

Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group , the FinTech he founded, to the country's government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall Street Journal (WSJ) reported. Ma told regulators at a meeting: "You can take any of the platforms Ant has, as long as the country needs it," WSJ reported, citing an unnamed source.

Government 111

Government Technology 111

ThomsonReuters

DECEMBER 20, 2020

The 2018 Supreme Court South Dakota v. Wayfair decision dramatically shifted the sales tax landscape in the United States. Companies of all sizes are facing sales tax compliance obligations that are more complex than ever. Under “economic nexus” rules , a company may need to register, collect sales tax, and file a state sales tax return if it passes a specified threshold, regardless of whether the company has a physical presence like storefronts, warehouses, or sales personnel in the state.

South Dakota 72

South Dakota Sales Tax E-commerce 72

PYMNTS

DECEMBER 20, 2020

Fidelity National Information Services ( FIS ) and Global Payments were in talks to merge in a $70 billion deal, but it didn't end up happening, according to The Wall Street Journal (WSJ). Officials quoted by WSJ said the fact that the talks happened at all means that a trend of consolidation is still ongoing. However, WSJ noted that deal making this year has been erratic.

Retail 104

Retail Technology 104

Advertiser: Paycor

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PYMNTS

DECEMBER 20, 2020

Softbank on Monday (Dec. 21) will file documents with securities regulators to allow a special purpose acquisition company (SPAC) it created previously to raise as much as $600 million through an initial public offering (IPO), Axios reported. Moreover, Axios reported, Softbank is moving toward creating additional SPACs. Companies or investment groups create SPACs to raise money through the sale of stakes to either the public or entities such as private equity funds.

Sales 86

Sales 86

PYMNTS

DECEMBER 20, 2020

Indian FinTech unicorn Razorpay is expanding the breadth of its B2B offerings through a new platform it's calling an app store that will connect customers with third-party companies, financial news site Mint reported. It is also offering a range of languages customers will be able to use. One of the tools Razorpay will offer small- to medium-sized businesses (SMBs) is health insurance, Mint reported.

B2B 84

B2B payroll 84

PYMNTS

DECEMBER 20, 2020

Corporate Spending Innovations (CSI) has announced that it will be spending more to boost its cloud-based services for B2B payments for advertising and media needs, a company press release says. President David Disque called it a “key focus” for the company to help invest in media payments, which could boost speed and efficiency. “This investment in innovation will enable CSI to continue to advance our market-leading position in media and advertising — delivering solutions that increase efficien

B2B 77

B2B Sales Account accountant 77

PYMNTS

DECEMBER 20, 2020

Independent restaurants that have staggered through the pandemic are running out of time, raising the specter of a wave closings in the next few months, the Wall Street Journal reports. The paper attributes the risk to a number of factors: Landlords and vendors waited patiently for payment through the early months of the pandemic increasingly expect to be paid.

Government 70

Government 70

PYMNTS

DECEMBER 20, 2020

PrimaDollar , a U.K.-based supply chain trade finance platform, is rolling out its services in India, a report from The Hindu Business Online says. PrimaDollar’s platform works to connect importers, exporters, local banks, logistics providers and funders, the report says. Then the international supply chain is managed by the importer through one process, no matter how the goods are moved or where they're coming from.

B2B 64

B2B Manufacturing accounting and finance accounting terms 64

PYMNTS

DECEMBER 20, 2020

Chinese officials may limit the number of financial institutions to which any single FinTech platform may connect, Reuters reported, citing coverage by state media. The suggestion was made by Lou Jiwei, the country's former finance minister and now an advisor to the government, Reuters reported. Jiwei was speaking at a wealth management conference. One reason Jiwei gave for the possible rule is that it would help avoid the amassing of too much bad debt by one entity.

Government 102

Government Finance 102

Speaker: James Kahler, COO of Full Course

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PYMNTS

DECEMBER 20, 2020

Square 's Cash App has a new feature letting customers get bitcoin back with any transaction, CoinDesk reported. Previously Cash App only allowed clients to get U.S. currency back with their transactions, according to the report. But bitcoin has been trending upward for the company and in general, with Square reporting $1.63 billion in bitcoin revenue from Cash App in its third quarter earnings.

Technology 64

Technology 64

PYMNTS

DECEMBER 20, 2020

A highly infectious new COVID-19 strain has caused some countries to ban U.K. travelers from entering, according to The Wall Street Journal (WSJ). The new strain, according to the British government, per WSJ, is spreading 70 percent faster than the earlier variants of the virus. There has been a surge in cases in London connected to the new strain, with recorded cases rising 51 percent in the week to Sunday (Dec. 20).

Government 86

Government Retail 86

PYMNTS

DECEMBER 20, 2020

Snap Accounts Payable (SnapAP) has completed the first stage of a new funding round with help from a group of Israel-based angel investors, a press release says. The intent of the round is to help SnapAP on the first stage of its planned $2 million seed stage round. SnapAP works on solutions to streamline the Procurement to Payment workflow for mid-tier and enterprise market clients.

accounts payable 79

accounts payable AP Automation Technology Manufacturing 79

PYMNTS

DECEMBER 20, 2020

The new U.S. government coronavirus relief package will contain $600 direct checks, $300 unemployment benefits per week and aid for small businesses, schools and vaccination plans, The Wall Street Journal (WSJ) reported. The deal was reached Sunday (Dec. 20) after months of false starts and negotiations between Democrats and Republicans in Congress and the White House.

Government 127

Government Start-ups 127

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

Technology