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Washington Capital Gains Tax Update

TrustBank

You may recall that in 2021 Washington state passed legislation to implement a 7% capital gains tax on certain asset sales, with the tax applying to profits that exceed $250,000. The assets subject to this tax are, in general, stocks, bonds, business interests, and tangible property, but not real estate.

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Managing Stagflation Credit Risk in Banking – Part III

South State Correspondent

In a stagflation environment, as interest rates rise and cash flow (earnings before interest, taxes, depreciation, and amortization (EBITDA), or net operating income (NOI)) decreases, the borrower’s capacity to service debt as measured by the debt service coverage ratio (DSCR) decreases rapidly.

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Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

What changes will 2022 bring? And as local economies continue to stabilize and many challenged industries bounce back, 2022 may be the year community bankers put the rubber to the road by revisiting goals and turning them into action items. What will drive profit in 2022? Janet Silveria, Community Bank of Santa Maria.

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Razorpay Valuation Climbs To $7.5B As The Company Aims To Become India’s Stripe — Competitors Include Juspay, Pine Labs, Open, And InstaMojo, Among Others

CB Insights

Razorpay , a payments solution, has raised $375M in a Series F round that drew participation from Tiger Global Management, Sequoia Capital India, Y Combinator, and Alkeon Capital Management, among others. It has recently launched a tax payments product suite. How’s the company performing? Want the full post?

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Latest CECL FAQs

Abrigo

For non-PBEs with a calendar year fiscal year, the standard is effective January 1, 2022 and the standard should be applied in financial statements and regulatory reports for the quarter ended March 31, 2022. How will CECL impact GAAP and regulatory capital? Non-PBE: December 15, 2021. the incurred loss method).

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New Carro Hire Shows How Vehicle Subscriptions Are Growing

PYMNTS

Ernest Chew, who heads the British lender’s capital goods and automotive investment banking team in the region, will join Carro as its chief financial officer in February,” the news service said, citing unnamed sources. According to the report , the deal comes as Carro raised some $30 million in fresh capital. Toyota’s Move.

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Navigating the Loan Landscape: A Guide to Small Business Financing

Ublocal

Working capital is the lifeblood of any business, but it can be challenging for small business owners and entrepreneurs to get conventional financing. Pay taxes to the U.S. If requested, you’ll also need to provide your personal tax returns from the past three years. SBA loans were created to fill that gap.