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Tax Reform Shows Early Signs Of SMB Bank Lending Impact

PYMNTS

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative.

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Why Timing Is Everything On Tax Day

PYMNTS

Tax Day for Americans is here, or at least it will be on Tuesday, April 17. This year is a bit of an unusual year as far as taxes are concerned, since April 15 actually falls on a Sunday. Back then, taxes weren’t due on April 15. Tax season used to be a month and a half shorter.

Taxes 103
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Despite Plenty Of Concerns, SMB Optimism Holds Fast

PYMNTS

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. Luckily, research from Bank of America, Wells Fargo, Capital One and others often point to one thing: Despite the challenges, small businesses are optimistic.

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H&R Block Acquires SMB Finance Platform Wave

PYMNTS

Consumer tax solutions provider H&R Block is ramping up its position in the small business financial services market with the takeover of Wave. In 2017 Wave raised $24 million from investors at National Australia Bank, Royal Bank of Canada, Portag3 and Exhibition Capital, as well as existing backers.

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Senate Affirms Trump’s Jovita Carranza As SBA Chief

PYMNTS

Treasurer since 2017, Carranza was an advisor to Treasury Secretary Steve Mnuchin. Business organizations said in a letter to senators that “having Senate-confirmed leadership of the SBA will help to ensure that the department’s programs, that provide small businesses with access to capital and disaster assistance, are working effectively.”

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The UK election result is good for UK FinTech

Chris Skinner

It’s not my place to write about the pros and cons of the election campaigns, although I will say that the alienation of the elderly and those who are parents by the Conservative’s campaign – which included a dementia tax and the withdrawal of school lunches – were almost tombstones in theirs. There is no strong and stable government.

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GonzoBanker Awards 2017

Gonzobanker

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Malls, retail stores and even some bank branch closings proliferated in 2017. Payments chaos.