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Community bank, fintech team up to serve gig-economy workers

American Banker

Somerset Trust in rural Pennsylvania has partnered with RoamHR, a financial platform that assists the self-employed, to add tax-withholding help for contract and temporary workers to the bank's services.

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College Planning Basics: Ways to Save for and Grow College Tuition

Banking 2020

Your contributions grow tax deferred and the earnings are tax-free at the federal level if the money is used for qualified college expenses. If, however, your child does not attend college and you withdraw the funds, earnings will be taxed and a 10 percent penalty will be imposed.

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Too Big to Bail Out?

Banking 2020

Insights bail out economy federal restructuring tax' Many institutions have already changed their practices to reduce risk, and they’ve done it without cutting off the financial oxygen their customers need. It would be nice if the industry as a whole was perceived to be similarly sensible.

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Small Business Banking: A How To Guide

Banking 2020

Mixing your accounts can lead to confusing bank statements and tax forms, and can also put your personal credit at risk. Once you open your business bank account, you’re probably going to be looking for some funding to get the ball rolling. Another great organizational tool is mobile banking. Securing a Loan.

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Too Big to Bail Out?

Banking 2020

Insights bail out economy federal restructuring tax' Many institutions have already changed their practices to reduce risk, and they’ve done it without cutting off the financial oxygen their customers need. It would be nice if the industry as a whole was perceived to be similarly sensible.

System 40
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Hidden payments ‘too big too ignore’

Banking 2020

Meanwhile, some hidden payments will also present challenges to regulators as they can encourage tax evasion or money laundering. While the fact they are less regulated means it is easier for new, innovative ideas to take hold, it does raise concerns regarding data privacy and security.

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How will new regulations affect China’s online payments market?

Banking 2020

Until now, Chinese citizens could set up online payment accounts by providing identity card details, mobile numbers and bank account information. However, the proposed rules would require users to give further documentation from sources such as educational institutions, tax bureaus and banks to set up accounts.