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.

Texas 182

Texas San Antonio Community Bank Community 182

Independent Banker

JUNE 30, 2022

But there are ways community banks can help mortgage-seekers get on the property ladder. According to the 2022 Home Buyers and Sellers Generational Trends Report published by the NAR, there are some clear generational trends in the homebuying market. So how can community banks help? By Beth Mattson-Teig.

Community Bank 143

Community Bank Community Millennials Resources 143

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. However, the adoption curve is undoubtedly driven by consumers.

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Taxes Ohio cryptocurrency Payments 145

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

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

Taxes 122

Taxes Company social media Google 122

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

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. UBS, the Swiss bank, is facing calls from French prosecutors to pay a fine of 3.7

Taxes 128

Taxes Fraud New York Community 128

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

PYMNTS

JULY 6, 2020

Some coverage of the lackluster mall performance reawakened calls for reuse options for malls that have lost anchor tenants, and a New York Times report examined potential social ramifications as department stores leave many malls with gaping dark holes where stores used to be. on the residential component.

Community 132

Community Retail Seattle New York 132

PYMNTS

SEPTEMBER 29, 2017

President Donald Trump revealed tax reform plans on Thursday (Sept. But according to some analysts, the proposals would largely fall short of their vow to cut taxes for small businesses, instead benefiting wealthy financiers on Wall Street. This framework creates a new tax structure for small businesses so they can better compete.”.

Taxes 100

Taxes Community Survey Report 100

PYMNTS

JULY 26, 2018

The American Institute of Certified Public Accountants (AICPA) submitted recommendations to policymakers this week, urging clarity and simplification in how the Tax Cuts and Jobs Act impacts small business (SMBs) accounting rules. The letter outlined eight recommendations for the Tax Cuts and Jobs Act.

Taxes 100

Taxes Capital Compliance Survey 100

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.

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Taxes Google Apple social media 131

PYMNTS

JULY 17, 2018

wages and employment, though not yet because of tax reform. Reports in Fortune said the NABE’s Business Conditions Survey, published Monday (July 16), found 68 percent of the 98 economists surveyed predict businesses will see increased sales in the next three months. . are not increasing their spending as a result of tax reform.

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Taxes Survey National Training 100

PYMNTS

MARCH 19, 2018

Tax season, indeed. The regulatory landscape was dotted with news out of Europe centered on the way that tech firms do business — and how they’re taxed. Reuters reported that search results across eCommerce and mobile conduits would, at least as defined in draft legislation, target ostensibly harmful trading practices.

Taxes 122

Taxes United States Community Bank Analytics 122

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

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?

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Community Bank Community Lending Louisiana 144

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. “Together, these factors mean that companies could invest more funds, hire employees and generally spend on both their businesses and communities.” The AFP again highlighted these tensions in its Q3 2017 report.

Taxes 100

Taxes Analysis Washington Report 100

Abrigo

MAY 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. They lead to inefficiencies and roadblocks to small business lending.

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Lending St. Louis Community Marketing 195

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.

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Community Bank Community Industry Texas 239

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

PYMNTS

JANUARY 9, 2020

Chamber of Commerce , the largest and most powerful business lobbying group in the country, criticized presidential candidates challenging President Donald Trump on their proposed policies concerning Medicare and taxing of the wealthy, according to a report by the Financial Times. Many wealthy elites are upset with Sen.

US 130

US Taxes Massachusetts Policies 130

Abrigo

APRIL 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. They lead to inefficiencies and roadblocks to small business lending.

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

JULY 27, 2018

intelligence experts are warning of the risks of major cyberattacks on the technology operating throughout businesses’ supply chains, according to BBC reports Thursday (July 26), raising alarms for enterprises that increasingly rely on software to function and interact with their business partners. A report by the U.S.

Community 104

Community US Software National 104

PYMNTS

DECEMBER 19, 2019

Cryptocurrency accounting firm Lukka has released a new service that will figure out the taxes on crypto assets, according to a report by CoinDesk. The new service comes on the heels of an announcement by the Internal Revenue Service (IRS) that it was changing the guidelines for how taxes were calculated.

Bitcoin 130

Bitcoin Taxes Guidelines cryptocurrency 130

Abrigo

MARCH 29, 2023

The COVID-19 pandemic challenged communities and businesses nationwide, and financial institutions were no exception. These funds were intended for new and smaller borrowers and borrowers in low- and moderate-income communities. Researchers estimate that $76 billion in PPP loan money was taken illegally.

Fraud 195

Fraud Trends Taxes Training 195

ABA Community Banking

OCTOBER 14, 2021

Citizens Bank of Edmond CEO Jill Castilla talks about the effects the Biden administration's controversial proposal for a financial account reporting regime would have on a bank like hers. The post Podcast: How the IRS Reporting Proposal Would Affect Banks and Customers appeared first on ABA Banking Journal.

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Report Taxes Community Bank Policies 122

Long Lasting Ideas

JULY 25, 2018

When Congress passed the White House-backed tax reform legislation late last year, we at BankMarketingCenter.com tried to strike a positive chord, pointing to community banks that had increased wages and bonuses for employees. Continue reading Trump Tax Cuts – Benefiting Wall Street or Main Street?

Taxes 40

Taxes Maine Marketing Strategies FDIC 40

PYMNTS

OCTOBER 21, 2020

A hacking organization released receipts for $10,000 in charitable contributions to two groups made through bitcoin, the BBC reported. The hackers published the contribution in addition to tax receipts for 0.88 20), CoinDesk reported. eToro Analyst Simon Peters said, as per the CoinDesk report. Eastern Time on Oct.

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Bitcoin New York Taxes Report 234

PYMNTS

SEPTEMBER 29, 2020

26), the first time in months, Bloomberg reported. The spikes were especially concentrated in the south Brooklyn and Queens neighborhoods with large Orthodox Jewish communities observing Yom Kippur.

New York 224

New York New York City Taxes Community 224

PYMNTS

JANUARY 18, 2021

The New York Times reported that remote work has meant many San Franciscans have fled the Bay area. At the same time, sales tax receipts in the downtown’s retail, hotel and business districts fell more than 70 percent in the second quarter last year compared with the same period in 2019, Bloomberg reported.

San Francisco 141

San Francisco Taxes New York California 141

Independent Banker

FEBRUARY 28, 2022

The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry. Community bankers, pack your bags for Washington, D.C. Community bankers, pack your bags for Washington, D.C. While at the ICBA Capital Summit, community bankers will enjoy insights from expert speakers.

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Community Washington Community Bank Capital 180

PYMNTS

SEPTEMBER 25, 2017

According to the Paychex Small Business Survey conducted late last month by the firm, tax law is top-of-mind when small businesses consider federal legislation that could impact the SMB community. Separate research from Bibby Financial Services , also released last week in its Global Business Monitor Report , similarly found that U.S.

Regulation 115

Regulation Taxes Policies Survey 115

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.

Tools 168

Tools Community Bank Community Taxes 168

PYMNTS

DECEMBER 2, 2019

Nonprofit organizations are responsible for providing multiple community services, including access to shelters, clothing, food and clean water, as well as educational and mental health resources. million tax-exempt groups active in the U.S., The same report found that many organizations are still using manual procurement practices.

Management 141

Management Taxes Groups Regulation 141

PYMNTS

MAY 4, 2018

Alipay reports a huge bump in May Day (read, too: Labor Day) spend among Chinese tourists’ in-store during their travels overseas. Tax Reform : Trumpeting Trump-isms aside, tax reform may turn out to be a fizzle, after all, as corporations may hold on to cash rather than spend it to hire or invest in the economy at large.

Taxes 115

Taxes social media Data Millennials 115

PYMNTS

FEBRUARY 4, 2020

Staples is thinking outside the box with a new store format that highlights podcasting, community events and coworking spaces. 5, offers experiences and solutions as well as a place to transact, Chain Store Age reported. The least costly monthly membership in the municipality was $229, per reports at the time. Virgin Islands.

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Puerto Rico Virgin Islands Massachusetts Boston 151

Abrigo

AUGUST 27, 2021

In addition, President Biden oversaw the passing of the American Rescue Plan Act of 2021 (also known as the COVID-19 Stimulus Package or American Rescue Plan), which extended employment assistance and waived some federal taxes on unemployment benefits. Start with Part 1: Implications for Community Financial Institutions. Going Forward.

Fraud 195

Fraud Training Regulation Video 195