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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 Election That Misplaced Small Businesses

PYMNTS

Trade has been a big topic of conversation on the campaign trail, as have debt, taxes, wages, immigration and monetary policy. 2) Can taxes be made comprehensible? There is the answer we thought we would get when we asked store front businesses about taxes — and then there is the answer we did get.

Taxes 50
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Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177
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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

HQ: Reston, Virginia. HQ: Charlottesville, Virginia. Tax preparation technology. Tags: Financial institutions, enterprises, security, fraud prevention, Wipro (strategic investor), Finovate alum. Latest round: $31 million ($6 mil Equity, $25 mil Debt). Total raised: $31.85 million including $25 million debt. Tradesocio.

Company 12
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17 Of The Biggest Startup Frauds Of All Time

CB Insights

Pixelon: Online video vaporware. After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. WrkRiot’s short-lived house of cards falls down. The Outcome.

Fraud 78
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For faster loan origination, stop doing this

Abrigo

Frustrating processes tied to credit requests and slow loan decisions are among borrowers’ biggest complaints about banks and credit unions compared to online or alternative lenders. Stop manual tax-data entry. Stop the loan-request runaround. Use a digital loan request. Easily upload and import the data.

Lending 221
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Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

Online payment service. Online insurance broker. Self-employment tax payments. HQ: Reston, Virginia. Tags: SMB, payments, tax prep, accounting. HQ: Shenzen, China. Source: Crunchbase. Latest round: $15 million Series B. Total raised: $15 million. Source: Crunchbase. Mobile insurance broker. Latest round: $14.75