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The Strange Spending Trends Around Sales Tax Holidays

PYMNTS

According to the National Retail Federation , as of last year parents entered August with about 45 percent of their back-to-school shopping done. Retailers have reason to want to tap into it because back-to-school shopping is an incredibly valuable run of commerce activity. How Tax Holidays Work. That spend is big spend.

Taxes 101
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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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Small Firms Find Tight Labor Market A Costly Challenge

PYMNTS

“We probably will see a lot of low-paying businesses, a lot of restaurants, maybe some retail stores, they’re going to go out of business because they can’t get the workers they need,” he said. According to Paychex, the index hit its lowest level since 2010 and, as a result, small business owners are bumping up wages.

Marketing 148
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The pro-cyclicality of capital ratios and credit supply, a tale of two sizes

BankUnderground

Mahmoud Fatouh Small banks tend to have more specialised business models, likely focusing on commercial and retail banking activities, and show limited interconnectedness to other financial institutions. GDP data was collected from the Office for National Statistics and FRED® for the UK and US respectively. Pre-tax profits 8305 29.76

Capital 84
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Austin Is Bringing The FinTech Heat

PYMNTS

In Austin the cost of living is relatively affordable and taxes are low, especially compared with other major tech hubs, while also offering resources to budding entrepreneurs and tech industry talent. According to the American City Business Journals , the growth in the number of SMBs based in Austin increased from 2010-2013 by 9.7

Austin 100
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The Lebron Effect On Payments

PYMNTS

According to its internal numbers, Lyft now controls 35 percent of the national ridesharing market, up from 20 percent 18 months ago. Though FinTech companies originated less than 1 percent of personal loans in 2010, they originated 36 percent of them in 2017. The company also said its market share is over 40 percent in 16 U.S.

Samsung 110
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Community banks are thriving in Texas

Independent Banker

The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro. There’s really not a lot we can’t do,” says Travis Edlund, senior vice president and regional manager of the San Antonio market for Amarillo National Bank.

Texas 182