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. . More than 85,000 people sought $22.2

Taxes 216

Taxes Tools Payments Los Angeles 216

BankInovation

APRIL 18, 2023

Bank of America saw noninterest expenses increase year over year as employee and technology costs increased during the first quarter of 2023. billion, “driven by seasonal elevation from payroll taxes, FDIC insurance expense and the cost of adding people,” Bank of […] WHY IT MATTERS: The $3.1

America 52

America FDIC Taxes Technology 52

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

American Banker

SEPTEMBER 29, 2023

Shinhan Bank America faces a $15M penalty for willful BSA violations linked to inadequate BSA/AML monitoring that the Financial Crimes Enforcement network said enabled tax evasion, corruption and money laundering to flow through the institution.

America 48

America Taxes Compliance Regulation 48

PYMNTS

JANUARY 17, 2018

Tax preparation firm H&R Block announced Tuesday (Jan. Under the terms of the deal, H&R Block will become the sole provider of tax software available at Walmart stores. “At 16) that it would link up with megaretailer Walmart in what is being billed as an exclusive partnership, according to Globe Newswire reports.

Taxes 108

Taxes Software Kansas City Kansas 108

PYMNTS

FEBRUARY 15, 2019

In a series of commentaries at the annual shareholder meeting of the Daily Journal, Munger said that some states — including California, Connecticut and New York — have been “stupid” as they have driven wealthier individuals away amid onerous tax and regulatory policies. million shares of Bank of America, and 4.4 million shares of U.S.

Taxes 100

Taxes Policies Connecticut New York 100

Bank Innovation

MARCH 31, 2016

Maybe tax season has mobile users worrying about their credit history, or contemplating borrowing some cash? Tax worries seem to already be a thing of the past. Last week Credit Karma passed Chase Mobile to slip into first place on both Android and iOS platforms.

Taxes 150

Taxes Google Mobile America 150

PYMNTS

JULY 16, 2018

Continuing the recent string of earnings from big banks – a string that kicks off earnings season per tradition – Bank of America said loan growth and a boost in digital initiatives boosted results in the second quarter. Looking at the digital side of the business, mobile banking users were up 11 percent year on year to 25.3 million.

America 105

America Mobile Cards Taxes 105

PYMNTS

JUNE 2, 2020

Tax revenues have disappeared, and at the same time the CARES Act passed earlier this year provides hundreds of billions of dollars to state, local and tribal governments. Spending, after all, generates tax dollars, and tax dollars flow into government coffers and optimize services and investments.

Data 131

Data America New York New York City 131

South State Correspondent

MARCH 28, 2024

The Biden Administration “Investing in America” agenda continues with many programs opening in June of this year. Background The Investing in America agenda comprises the American Rescue Plan, Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act.

America 195

America Strategy Taxes Community 195

Payments Source

NOVEMBER 2, 2017

It may seem weird or even risky at first, but e-invoicing not only reduces tax fraud, but also makes life easier for small businesses, writes Diego Caicedo, CEO of Portal Finance.

America 126

America Taxes Fraud Retail 126

American Banker

SEPTEMBER 22, 2023

Northwest Bank starts search for new CFO; Plains State Bank acquires wealth management, tax businesses; Bank of America names new heads for North America industrials banking; and more in the weekly banking news roundup.

America 56

America Taxes Industry Management 56

Chris Skinner

MAY 3, 2018

Things we’re reading today include … People in Sweden barely use cash Goldman Sachs opens cryptocurrency trading desk Make Bank of America great again HSBC reports surprise pre-tax profit fall Commonwealth Bank board ‘asleep at the wheel’ during scandals, advocates say TSB tells customers: ask your local postman what your … (..)

Taxes 164

Taxes cryptocurrency America Report 164

PYMNTS

APRIL 28, 2019

It is the first state to let businesses pay their taxes with cryptocurrency. At the early part of this year Overstock , the online retailer and blockchain company, said it would take Ohio up on its offer to pay taxes with bitcoin, becoming the first major U.S. company to pay taxes with bitcoin. “We

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Ohio blockchain Columbus Taxes 149

PYMNTS

APRIL 30, 2018

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. This week’s B2B Data Digest is all about small businesses in America, their financial hurdles and their outlook for the future.

Taxes 144

Taxes America National Community 144

PYMNTS

FEBRUARY 28, 2020

As Michael Cichy, general manager of the Americas for Centsoft parent company Palette Software , told PYMNTS, the value in cross-platform integration can be significant for companies, particularly when it comes to saving time often wasted on manual data entry. “This combination increases data accuracy, and shortens payment cycles.”

Taxes 209

Taxes Data Fintech Compliance 209

Bank Innovation

DECEMBER 10, 2016

Bank depositors get tax-payer funded insurance in many jurisdictions (such as FDIC in America) in case a bank goes bankrupt. Your Bitcoin in Mt.Gox or BitFinex….buyer buyer beware. People paying by Credit Card can fight back against a fraudulent charge. Once you send those Bitcoin it is like handing over cash…buyer Read More.

Bitcoin 150

Bitcoin FDIC Taxes America 150

PYMNTS

MAY 28, 2019

A German investigation of Cum-Ex tax deals involves as much as 447.5 Cum-Ex deals, which are no longer allowed, involved taking advantage of a German practice on tax refunds for dividends. When they were in use, an entity paying dividends withheld the tax automatically, but the payment was certified by the shareholder’s bank.

Taxes 108

Taxes America Groups Report 108

Jeff For Banks

NOVEMBER 10, 2012

I am putting forth the Jeff For Banks (jfb) Federal Income Tax system that is fair, easy, and balanced. Lest I hear from the Oracle of Omaha about how he pays a lower tax rate than his secretary, I have your fix Mr. Buffett. Poor Mitt had an effective tax rate of 17%. The jfb Federal Income Tax System. I can compromise.

Taxes 75

Taxes System Omaha Compliance 75

American Banker

FEBRUARY 24, 2020

The author of a recent op-ed fails to realize that making credit unions pay corporate taxes would drive up costs for customers and weaken the economy.

Taxes 45

Taxes America National Regulation 45

Bank Innovation

MARCH 19, 2019

Most virtual assistants are reactive, but Capital One is training its virtual assistant, Eno, to be proactive, according to Ken Dodelin, VP of conversational AI products at the bank. Most [virtual assistants] are chasing reactive customer questions,” Dodelin told Bank Innovation. “We

Training 170

Training Capital Taxes Innovation 170

PYMNTS

MAY 9, 2016

Bank of America, Capital One, Wells Fargo, Chase and more published their findings — sometimes to contradicting conclusions. Some of the largest financial institutions came out this week with new statistics on small business sentiment in the U.S. Small business sentiment is perhaps the most mixed and muddled metric.

America 100

America National Capital Survey 100

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Through a 70-question survey, TMF Group asked the accounting and tax professionals to assess their local regulatory climates. There are also an “extremely high number” of tax rules.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

NOVEMBER 13, 2017

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. Luckily, research from Bank of America, Wells Fargo, Capital One and others often point to one thing: Despite the challenges, small businesses are optimistic.

Taxes 105

Taxes Survey Capital America 105

PYMNTS

APRIL 15, 2019

Users will see a detailed overview of each item, like description, price and tax info, which will help companies track expenses and streamline auditing of expense reports. and Germany for business Mastercards that were issued by Bank of America Merrill Lynch, Barclays Bank, Citi, JPMorgan, Lloyds Bank, NatWest and Royal Bank of Scotland. “Our

Data 177

Data Taxes Tools Analytics 177

PYMNTS

APRIL 9, 2020

Chime , America’s most valuable digital bank, has begun offering cash advances ahead of the $1,200 stimulus payments Americans will be receiving next week, according to a report by Forbes. Those interested in the benefits must have already filed a 2019 tax return and received a refund deposited directly into their Chime account.

Taxes 241

Taxes America Digital Banking Capital 241

Payments Source

AUGUST 8, 2019

Today: FCA recommends authentication delay; Visa CEO on gun payments; Fraud dips in Australia; Bitcoin tax bill advances; Stripe expands in Latin America. The information you need to start your day, from PaymentsSource and around the Web.

Bitcoin 73

Bitcoin Taxes America Fraud 73

PYMNTS

FEBRUARY 1, 2021

About 85 percent of SPACs are based in North America, with 5 percent in Asia. According to Bloomberg , 248 SPACs listed on U.S. exchanges in 2020, raising $83 billion. Another 93 have listed since the start of 2021. That number decreases to about 3.5 percent for deals above $1 billion.

Capital 198

Capital Taxes Operations America 198

PYMNTS

AUGUST 24, 2020

The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct. Facebook first let American and Canadian users move their videos and pictures to Google Photos in April. RILA Joins Trade Groups in Tackling Counterfeit Merchandise.

social media 152

social media Data Apple Compliance 152

TheGuardian

DECEMBER 26, 2021

Roosevelt built back better after the depression by taxing the rich, introducing capital controls and altering the balance between labour and capital Christmas 1941 was grim. America, mobilising its full economic power, had turned the tide in the Pacific. Optimism for the year ahead was in short supply.

Taxes 74

Taxes Capital America Report 74

Lex Sokolin

JANUARY 14, 2021

Like taxes. Bank of America alone has over $150 billion in such capital. Here is a rough break down of budget and staff in the various agencies. The IRS just wants its pound of flesh. It is the muscle of the Treasury. And as a wise man once said, Render unto Caesar the things that are Caesar’s.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

Like taxes. Bank of America alone has over $150 billion in such capital. Here is a rough break down of budget and staff in the various agencies. The IRS just wants its pound of flesh. It is the muscle of the Treasury. And as a wise man once said, Render unto Caesar the things that are Caesar’s.

America 52

America Wyoming National Capital 52

PYMNTS

JULY 22, 2020

Nike also appointed Sarah Mensah as the new VP/GM of its Asia Pacific and Latin America (APLA) division, and Carl Grebert will take over as VP/GM of the Europe, Middle East and Africa (EMEA)unit. Nike said previously that the cuts are not related to their $790 million loss in revenue reported in the fourth quarter.

Leadership 179

Leadership Taxes America Strategy 179

PYMNTS

OCTOBER 9, 2019

There is certainly some interest coming out of Latin America, there’s a lot of unrest in other parts of the world.”. And the IRS has released new guidance for digital currency investors and their tax advisers, explaining how the agency expects them to report income from their holdings. percent rate.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

PYMNTS

FEBRUARY 8, 2019

The move to close SBA operations comes just weeks after KPMG introduced its small business tax and accounting service, Spark, for small businesses in the U.S. According to reports, KPMG is in the process of contacting all of those customers to notify them of the changes. LeSage in a statement at the time.

Taxes 134

Taxes Operations America Tools 134

PYMNTS

MARCH 26, 2018

Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. She pointed to Latin America , which enacted some of the world’s first eInvoicing mandates for the purposes of tax rule enforcement.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

APRIL 22, 2020

Last month, Expedia withdrew its 2020 adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization, in the wake of the growing impact from the COVID-19 outbreak, which has brought the travel industry to a near halt. “As

Report 150

Report Seattle Leadership Trends 150