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Overstock To Pay Some Ohio Business Taxes With Bitcoin

PYMNTS

3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. state to offer this way of paying for business taxes, noted Overstock in the press release. “We Overstock , the online retailer and blockchain company, announced Thursday (Jan.

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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. In 2020, the U.S. Our average ERC is approximately $400k.

Taxes 195
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Panera To Provide Discounted Coffee Subscriptions For Gifts

PYMNTS

Panera Bread announced that its MyPanera+ Coffee Subscription is available for gifting, noting that it’s the first national restaurant firm to provide a limitless subscription for “premium hot drip coffee, iced coffee and hot tea,” according to a Monday (Nov. per month in addition to tax. 23) announcement.

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Ohio Bill Urges Govt. To Adopt Blockchain

PYMNTS

It is the first state to let businesses pay their taxes with cryptocurrency. At the early part of this year Overstock , the online retailer and blockchain company, said it would take Ohio up on its offer to pay taxes with bitcoin, becoming the first major U.S. company to pay taxes with bitcoin. “We

Ohio 149
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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

PYMNTS

The services are not currently registered as distinct entities, although they are provided to users in the nation. The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct.

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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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Japan Takes Aim At Big Tech eCommerce Transparency

PYMNTS

Earlier this week, Japan ’s cabinet proposed a bill that seeks to, as reported by the country’s national daily, The Mainichi , “improve contract transparency” for deals struck by Big Tech firms — specifically, platform operators — and their smaller vendors. That’s due in part to a sales tax boost that now has been hurting consumer spending.

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