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Tax Reform Shows Early Signs Of SMB Bank Lending Impact

PYMNTS

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.

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Economists Upbeat On Jobs, Wages — But Not Because Of Tax Reform

PYMNTS

A new survey from the National Association for Business Economists suggests economists are optimistic about U.S. wages and employment, though not yet because of tax reform. All of the survey respondents expect national GDP to grow in the coming year. are not increasing their spending as a result of tax reform.

Taxes 100
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The 2018 GonzoBanker Awards

Gonzobanker

GonzoBankers, 2018 has been a troublesome year. about the best and worst in banking for 2018 and get fired up to start again in ’19. Ladies and gentlemen, we bring you the 2018 GonzoBanker Awards ! Although all banks faced stock headwinds in 2018, we give the nod to William Demchak at PNC Financial Services.

Fintech 102
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The Biggest Banking, Regulatory Challenges For Today’s Entrepreneur

PYMNTS

National Small Business Week is this week in the U.S., and finance experts are celebrating with new data on the state of the entrepreneurial community. But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too.

Taxes 144
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The Need for a FinCEN Database

Abrigo

The US is at a disadvantage without a national beneficial ownership registry. . Customer due diligence (CDD) and enhanced due diligence (EDD) have become common phrases in the anti-money laundering community. This was long before the United States passed legislation in 2018 to unveil the secrecy of legal entity ownership.

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 Late Payments On The Campaign Trail

PYMNTS

There’s a lot of benefit when a president comes here: economic benefits, more visibility for our community,” Lebanon Mayor Amy Brewer told the CPI. Separately, government mandates for eInvoicing to battle late payments and boost tax revenues are picking up steam. It’s our taxpayer dollars.”.

El Paso 115
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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. See Part I: Implications for Community Financial Institutions. October 26 is now nationally recognized as BSA/AML Day.) Stay up-to-date on the latest FinCEN Priorities.

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