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The State-By-State Complexities Of Sales Tax Compliance

PYMNTS

Retailers that want to sell merchandise nationwide must pay attention to how each state’s tax code treats their goods. For example, products considered to be exempt medical necessities in some states might be taxed at high rates in others. 100: Minimum number of local tax codes in Alaska.

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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109
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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. Ultima Bank Minnesota. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. pre-tax ROA: 2.68%. In true community bank fashion, each has its own story to tell and its own path to success. Molly Bennett, executive editor, Independent Banker.

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COVID Retail Update: Mall Group Asks For Bailout

PYMNTS

s Hudson Yards in New York City, Triple Five Group’s Mall of America in Minnesota and the King of Prussia in Pennsylvania. generates nearly $400 billion of state and local taxes, McGee said. Some malls have already shut down, including Paramus Park and Westfield Garden State Plaza in New Jersey, Related Co.’s

Retail 161
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State Employees In Mississippi Targets Of Direct Deposit Scam

PYMNTS

Internal Revenue Service (IRS) said that ahead of tax season, preparers and other victims received requests to change direct deposit activity. In news a bit closer to home, AG Web reported that, in Minnesota, Jerome Robert Hennessey pleaded guilty to one count of mail fraud. In December, the U.S. He had been accused of stealing $5.3

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The ICBA 22/23 executive committee is all in

Independent Banker

and CEO and chairman, Minnesota Lakes Bank, Delano, Minn. We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. For instance, ICBA is calling for congressional hearings on the credit union tax exemption. Grand Rapids, Minn.;

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How community banks can help young homebuyers

Independent Banker

The community bank also hopes to participate in a new tax-exempt savings program for first-time homebuyers that was approved by the state of Michigan in April. The new law allows individuals to set aside money for a home purchase down payment, and money saved via the program is free from state income tax.