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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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Number Of Corporate Accounting Errors Unexpectedly Climbs

PYMNTS

Massachusetts-based Audit Analytics looked at disclosures from more than 9,000 U.S.-listed tax law and revenue accounting rules. As a result, past financial reports had to be reexamined to recalculate the value of tax credits or liabilities, or to assess how previous results would look under new rules.

Taxes 170
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Commercial Real Estate or Business Lending: Which Is Better?

Jeff For Banks

This was the conversation I had with a senior lender of a client at the Massachusetts Bankers' Association annual convention. The charts below show the pre-tax profits as a percent of the total product portfolio during different rate scenarios compared to the Fed Funds Rate. The pre-tax ROA might not look great.

Lending 78
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The Case For Localizing Mom-And-Pop Investment

PYMNTS

At the same time, many early stage startups, particularly in the technology sector, still have access to traditional financing, like venture capital and private equity. Last week, small business accounting company ScaleFactor released a new survey on how SMBs access capital. Localizing Capital.

Capital 145
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How much cash should a company have?

Abrigo

By examining the credits and debits (for payroll, loan or tax payments, supplies purchased or other expenses) within business deposit/savings accounts, JPMorgan Institute determined each business’s cash buffer. “A large share of small businesses in the U.S. Review sources of incoming cash and list all of the one-time and recurring outflows.

Company 150
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The Election That Misplaced Small Businesses

PYMNTS

Trade has been a big topic of conversation on the campaign trail, as have debt, taxes, wages, immigration and monetary policy. Can someone please make capital available? With a caveat – also almost always offered – that capital and credit have never been easy issues. 2) Can taxes be made comprehensible?

Taxes 50
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My Fantasy Banking Team

Jeff For Banks

Since his joining the Board, the bank has stabilized, returned to profitability, recaptured it's deferred tax asset, and NPAs/Assets have declined to less than 3%. Selection: Mitch Englert, EVP of Community Banking, Capital City Bank Group, Inc. Thirty-four percent of Capital City's deposits are non-interest bearing.