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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

Taxes 195
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Hiring headache? Try technology

Abrigo

The answer to this staffing problem is technology that streamlines and automates as many tasks at the institution as possible. By implementing automation technology each staff member can increase their productivity to get more done with the existing staff. This is doubly true when hiring additional staff can take several months.

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The Financial Technologies SMEs Aren’t Using

PYMNTS

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. 70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Only 13 percent say they’re willing to jump on the innovation bandwagon.

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The Effects of Inflation on CRE Cashflow

South State Correspondent

However, closer analysis and lessons from history demonstrate that to counteract inflation’s free cash flow-destroying effects, revenue must grow substantially higher than the inflation rate. Sensitivity Analysis. A sensitivity analysis tests assumptions for lenders to use to assess a project’s ability to service debt.

Analysis 195
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3 Ways CPAs can leverage technology for meaningful practice growth

Abrigo

A major concern surrounding technology expenditures is whether the investments will generate a return for the accounting practice. However, identifying the return on investment begins with ascertaining which everyday challenges can be addressed with technology. The end result?

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Bankers: Can You Create a Culture of Operating Discipline Even if You Have No or Few Shareholders?

Jeff For Banks

Even though they pay no federal corporate income taxes? It wouldn't be benefiting customers in terms of fees or interest rates, as the analysis above shows. Or in the form of better technology. I don't have the data or CU by CU analysis to make a definitive BS call, but let's say I'm skeptical. CUs was 2.86%. And the $11.8

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NEW REPORT: H&R Block On Offering Smarter, Faster Tax Refunds

PYMNTS

The rise of new technology has dramatically altered the traditional nature of payments, allowing gig workers and full-time workers faster access to their earnings while enabling businesses and banks to move funds more quickly across international borders. How Smarter Payments are Enabling Instant Tax Refunds.

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