February, 2018

Remove taxes-management
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Coconut Adds PrePay Solutions Tech For Freelancer Banking

PYMNTS

Their collaboration will be integral to Coconut delivering banking services to freelancers and contractors, especially as they prepare for new tax rules that require small business (SMBs) and freelancers to file taxes quarterly, beginning in April 2020, the firms said.

Taxes 108
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PayPal’s Profit Jumps, eBay Move Induces Investor Separation Anxiety

PYMNTS

Or, to put it more accurately — the two firms announced yesterday (January 31) that eBay would be stepping into the official role of managing the payments flow between buyers and sellers that PayPal has held for more than a decade and a half. tax overhaul. In the fourth quarter of 2016, PayPal’s effective tax rate was 16.8

Taxes 102
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As Audits Loom, AP Automation Moves To Top Of Mind

PYMNTS

In the B2B realm, the movement to get suppliers paid on time may become a struggle, mired as AP management is in the paper chase of manual effort. In the latest Topic TBD, Chen Amit, CEO of payables automation company Tipalti , told PYMNTS’ Karen Webster that automating the AP process lets management focus on, well, managing.

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Sears’ Sales Slide, But It Predicts A Profit

PYMNTS

tax code will help it post a profit in the not-too-distant future. Net income will be between $140 million and $240 million, the company said, with the new tax law giving the company a benefit of roughly $445 million to $495 million. Sears offered another rather depressing earnings report but says recent restructuring of the U.S.

Taxes 100
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Today In Data: Visa, Mastercard And Apple All Release Earnings Results

PYMNTS

Its results topped expectations, once impacts from recently passed tax legislation were factored out, including a bottom line at $1.08 billion, and, excluding the aforementioned tax impact, earnings per share came in at $1.14, two pennies better than Wall Street expectations. Here are the numbers: $4.9 Consensus stood at $3.26

Apple 101
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One-time tax bite wallops 2017 earnings

ABA Community Banking

Industrywide, and among community banks, fourth-quarter tax moves affect annual performance Bank Performance Management Financial Trends Community Banking.

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OnDeck Flips To Profitability Much To The Market’s Delight

PYMNTS

He reminded investors that the firm, which had a very rocky start in 2017, managed to end the year with its effective interest yield up by over 200 basis points and its net charge-off rate down by over 100 basis points. The mood during the earnings call was also somewhat lighter and improved, too.

Taxes 101