article thumbnail

Overstock To Pay Some Ohio Business Taxes With Bitcoin

PYMNTS

3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. Ohio is the first U.S. state to offer this way of paying for business taxes, noted Overstock in the press release. Ohio is the first U.S.

Ohio 177
article thumbnail

Passage Of SAFE Banking Act Gives Cannabis Businesses Access To Banking

PYMNTS

The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio, all members of the House Financial Services Committee. House of Representatives passed H.R. 1595, known as the Secure And Fair Enforcement (SAFE) Banking Act, on Wednesday (Sept.

Ohio 235
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DC Bar: Lawyers Allowed To Take Digital Currency As Payment

PYMNTS

” The opinion also noted that the IRS treats cryptocurrency more as a property than as a currency for tax purposes. Sherrod Brown of Ohio, who said allowing Big Tech control over the country’s finances could be a recipe for trouble. There were detractors, though, such as Sen.

article thumbnail

CRE risk management: Navigating hazards and opportunities

Abrigo

Takeaway 2 Advisors recommend that financial institutions look behind some of the headlines and examine their own markets before ruling out CRE altogether. But understanding trends in their own portfolios and local markets can allow lenders to identify risk-appropriate CRE credits. I believe there are opportunities out there.

article thumbnail

What Oreos can teach accountants about growing the firm

Abrigo

Your accounting, audit and tax services -- they’re all pretty much mature services,” she said. And in the same way that most people know what to expect from a basic Oreo (two thin chocolate wafers sandwiching a creamy filling), they typically know what to expect from an accountant providing tax, audit or general accounting services.

Taxes 170
article thumbnail

The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. First Bank of Ohio. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. In true community bank fashion, each has its own story to tell and its own path to success. Molly Bennett, executive editor, Independent Banker. Less than $300 million.

article thumbnail

 Late Payments On The Campaign Trail

PYMNTS

The Center for Public Integrity (CPI) reported that in one example where the president extolled law enforcement at a rally last October in Lebanon, Ohio — the campaign still owes more than $16,000 to city for police department coverage there. The bills are owed to various fire and police departments.

El Paso 115