PYMNTS

OCTOBER 9, 2018

tax reform on the small business community, but so far, small business owners say the overhauls have made little impact on their hiring practices. “We asked, ‘What effect on your hiring plans has the Tax Cuts and Jobs Act had?' . It will take some time to understand the true impact of U.S.

Taxes 140

Taxes Survey Community Regulation 140

Abrigo

FEBRUARY 6, 2025

With the right approach, the rewards may outweigh the risks, creating opportunities for both financial institutions and the communities they serve. This staggering amount presents a lucrative opportunity for banks and credit unions to step in and meet the growing need for banking services while supporting businesses within their communities.

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Lending Compliance Community Software 195

Abrigo

FEBRUARY 28, 2025

Connect with an expert Common fraud schemes Check fraud Check fraud is one of the most concerning fraud trends for community banks in 2025. Sweepstakes/charity/lottery scams Victims are told they have won a lottery or sweepstakes but must pay taxes or fees to claim their prize. Staying on top of fraud is a full-time job.

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Fraud social media Training Community 221

Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. Corporate relocations and expansions—influenced by factors like affordability, low corporate tax rates, no personal income tax and a rich talent pool—have contributed to a momentum that isn’t likely to subside soon. Photo by Dennis Burnett. By Mindy Charski.

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Texas San Antonio Community Bank Community 182

PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. In an interview with CNBC at the time, Ohio’s then-State Treasurer Josh Mandel said the initiative would increase “options and ease” for businesses, and support the local tech startup community.

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Taxes Ohio cryptocurrency Payments 145

Abrigo

MARCH 12, 2025

Protecting customers from disaster fraud In the aftermath of hurricanes, wildfires, floods, and other natural disasters , vulnerable communities often see an uptick in disaster fraud schemes designed to steal personal information or relief funds from would-be donors. Find out how Abrigo Fraud Detection stops check fraud in its tracks.

Fraud 195

Fraud North Carolina California social media 195

PYMNTS

FEBRUARY 21, 2019

s Housing, Communities and Local Government Committee is calling on internet retailers to pay higher taxes to help struggling offline retailers in the country’s shopping districts. government agency called out Amazon , Asos and Boohoo Group , arguing they should pay more taxes since traditional retailers are losing business to them.

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Taxes Report Retail Online 134

PYMNTS

DECEMBER 30, 2019

Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. have moved to collect sales tax from remote sellers, and it’s just the beginning. To date 43 states and Washington, D.C.

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Taxes Alaska South Dakota South Carolina 130

PYMNTS

NOVEMBER 8, 2018

billion euros for what it contends is helping wealthy people in the country evade taxes. According to a report in Reuters , UBS is facing accusations of laundering the proceeds of tax fraud and illegally going after clients in France. France isn’t the only country investigating allegations that the bank helps clients evade taxes.

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Taxes Fraud New York Community 128

PYMNTS

OCTOBER 31, 2018

and lobbyists who contend a new tax on some of the world’s biggest internet companies would create what is seen as a dangerous precedent. Chamber of Commerce — lobbyists and lawmakers, Donohue and others think the tax would target big American technology companies unfairly. announced it was aiming to lodge a 2 percent tax on the U.K.-generated

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Taxes Company social media Google 122

PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

Taxes 122

Taxes Lending National New York 122

Independent Banker

JUNE 30, 2022

But there are ways community banks can help mortgage-seekers get on the property ladder. So how can community banks help? For customers who decide buying is the right choice, community bankers have a variety of products and services available to help. By Beth Mattson-Teig. Plenty of tools in the box. Flexibility needed.

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Community Bank Community Millennials Resources 143

PYMNTS

MARCH 6, 2019

Business advocacy groups are fighting a proposed financial transaction tax aimed at limiting high-frequency trading, and decreasing the budget deficit. However, many business advocacy groups are coming out against the proposed tax, including Modern Markets Initiative (MMI), which advocates for high-frequency trading.

Taxes 109

Taxes Groups Maine Washington 109

Perficient

DECEMBER 1, 2022

Tax season was approaching, and Jane, a Financial Advisor employed by Faux Advisors Group, wanted to target clients and prospects that would benefit from using tax-aware asset allocation (moving high-yield assets to a tax-deferred or exempt account to help decrease taxable income).

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Taxes Customer Experience Marketing Compliance 294

PYMNTS

OCTOBER 4, 2019

The state of Ohio has decided to end its support for bitcoin tax payments, state Treasurer Robert Sprague announced this week. In a statement published on Sprague’s official website this week, the treasurer said “OhioCrypto.com,” the website that allows businesses to pay their taxes in cryptocurrency, would be suspended immediately. “It

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Ohio Taxes Bitcoin Payments 109

South State Correspondent

FEBRUARY 12, 2025

The new administration with its lighter regulatory stance, the potential for tax relief and threat of higher inflationary has generated new optimism for credit, and new risk of higher rates. As such, unless a bank thinks a recession lies ahead, the risk/reward profile is likely going to be the best community banks have seen.

Trends 195

Trends Community Bank Capital Industry 195

Independent Banker

APRIL 1, 2021

Unlike our credit union counterparts, we pay taxes, and those tax dollars are spent at home to ensure our communities grow. As we kick off Community Banking Month, I can’t help but reflect on that statement and the changes of this past year. And community banks are the heartbeat of these efforts.

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Community Community Bank Taxes Capital 103

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.

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Taxes US Compliance social media 132

Independent Banker

DECEMBER 31, 2021

To satisfy the banking needs of some commercial and high-net-worth clients, some community banks provide trust and tax strategy services. Launching new services to cross-sell to existing customers is one path to organic growth for a community bank. For some banks, those services include specialty trust and tax strategy services.

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Taxes Community Bank Community Strategy 91

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

Abrigo

DECEMBER 10, 2024

Prizes, sweepstakes, and lottery scams: In these scams, victims are told theyve won a prize or lottery but must pay fees or taxes upfront to claim their winnings. Community engagement: Work with local law enforcement, adult protective services, and community organizations to educate seniors and their families about the risks of elder fraud.

Fraud 195

Fraud Training Software social media 195

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. digital services tax on to consumers in addition to an existing 20 percent value-added tax. customer charges to cover the new tax.

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Taxes Google Apple social media 131

Perficient

JULY 22, 2020

The first day of Microsoft Inspire largely focused on how the Microsoft community had come together to help provide solutions for the current COVID-19 affected world. On Day 2, Microsoft Chief Executive Officer, Satya Nadella, urged Microsoft’s partners to think about what they could do next to help the world.

Innovation 309

Innovation Taxes Technology Community 309

South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. In 2020, the U.S.

Taxes 195

Taxes Community Bank Community Operations 195

PYMNTS

SEPTEMBER 3, 2020

The feature can be used to adjust any change in the tax rate charged on food and non-alcoholic beverages. The remote payments app allows merchants to charge customers by sending a payment link via SMS, Whatsapp, email or social media. After that merchants will be charged £29 pounds ($38.52) per month per iOS device.

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social media Taxes Online Payments 298

Chris Skinner

JUNE 2, 2017

The race to become Islamic banking’s fintech hub The super-rich are different: they pay less tax. The post Things worth reading: 2nd June 2017 appeared first on Chris Skinner's blog.

Policies 185

Policies Community Bank Taxes Regulation 185

PYMNTS

JULY 15, 2020

The National Restaurant Association has issued a Blueprint for Restaurant Revival to help stabilize and stimulate the industry, including funding for restaurants and at-risk communities in need of help, according to a press release.

Industry 170

Industry Taxes National Community 170

South State Correspondent

JULY 29, 2024

Regardless of who wins, our national debt will continue to increase, and community banks should be prepared for its consequences. CBO cannot predict the possibility of increase in taxes, but most agree that higher taxes (regardless of how they are applied and distributed) is not a winning political message. per year after 2045.

Community Bank 195

Community Bank Community US Taxes 195

ABA Community Banking

FEBRUARY 13, 2025

ABA expressed its support for a bipartisan bill to permanently extend a tax credit created to attract private investment in distressed communities. The post ABA urges passage of New Markets Tax Credit extension appeared first on ABA Banking Journal.

Taxes 59

Taxes Marketing Community Community Bank 59

PYMNTS

NOVEMBER 9, 2020

Simon addressed several issues on the company’s earnings call from tax relief to the pandemic to its joint venture with Brookfield Properties to take over operations at JCPenney. We have withstood lack of federal and state help, especially in real estate taxes. We have withstood COVID. We have withstood government shutdowns.

Trends 169

Trends Retail Taxes Louisiana 169

Perficient

JANUARY 29, 2021

TCA stands for Trading Community Architecture. Whether County information is needed to support US Sales and Use Tax and if so, Counties are present where needed. Tax Organization Type – Corporation, Partnership. Tax Reporting Requirements – US and International. What is TCA? Supplier or Customer site definition.

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Data System Taxes Examples 322

PYMNTS

SEPTEMBER 29, 2020

The spikes were especially concentrated in the south Brooklyn and Queens neighborhoods with large Orthodox Jewish communities observing Yom Kippur. 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

OCTOBER 21, 2020

The hackers published the contribution in addition to tax receipts for 0.88 The Water Project aims to bolster access to clean water in Africa, while Children International helps communities, families and kids in multiple countries including Ecuador and India. in bitcoin ( valued at approximately $10,515 as of 7:04 P.M.

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Bitcoin New York Taxes Report 234

American Banker

MARCH 20, 2025

The Independent Community Bankers of America wants Congress to eliminate tax exemptions for credit unions with more than $1 billion of assets, scaling back an earlier request that would have targeted the entire credit union sector.

Taxes 56

Taxes America Community Community Bank 56

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

Community Bank 195

Community Bank Community Kansas City Lending 195

PYMNTS

AUGUST 9, 2020

There will also be receipt managing sub-accounts for tax purposes, and other such perks. Community banks have been an integral part of the response to the coronavirus pandemic, according to Treasury Secretary Steven Mnuchin , who said on Twitter that they had helped process over $875 million in Paycheck Protection Program (PPP) loans.

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Tools Community Bank Community Taxes 168