PYMNTS

JANUARY 11, 2021

US Trade Representative: India, Italy, Turkey Digital Taxes Discriminates Against US Firms. Trade Representative (USTR) recently released the results of Section 301 probes of digital services taxes (DSTs) that Turkey, Italy and India have adopted, finding that each tax “discriminates against U.S. Billion Of French Products.

Taxes 132

Taxes US Compliance social media 132

PYMNTS

NOVEMBER 8, 2018

billion euros for what it contends is helping wealthy people in the country evade taxes. According to a report in Reuters , UBS is facing accusations of laundering the proceeds of tax fraud and illegally going after clients in France. UBS, the Swiss bank, is facing calls from French prosecutors to pay a fine of 3.7

Taxes 128

Taxes Fraud New York Community 128

PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

Taxes 122

Taxes Lending National New York 122

PYMNTS

JULY 6, 2020

Some coverage of the lackluster mall performance reawakened calls for reuse options for malls that have lost anchor tenants, and a New York Times report examined potential social ramifications as department stores leave many malls with gaping dark holes where stores used to be. on the residential component.

Community 132

Community Retail Seattle New York 132

PYMNTS

JULY 26, 2018

The American Institute of Certified Public Accountants (AICPA) submitted recommendations to policymakers this week, urging clarity and simplification in how the Tax Cuts and Jobs Act impacts small business (SMBs) accounting rules. The letter outlined eight recommendations for the Tax Cuts and Jobs Act.

Taxes 100

Taxes Capital Compliance Survey 100

PYMNTS

SEPTEMBER 8, 2020

Russian legislator Fedot Tumusov sent a draft bill to the country’s lower parliamentary body that calls for a limit of 20 percent on commissions for the sale of mobile apps, Reuters reported. Big Tech Updates Fees to Reflect UK Digital Services Tax. Meanwhile, Google is set to make advertisers pay Britain’s digital services tax.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

MARCH 19, 2018

Tax season, indeed. The regulatory landscape was dotted with news out of Europe centered on the way that tech firms do business — and how they’re taxed. Reuters reported that search results across eCommerce and mobile conduits would, at least as defined in draft legislation, target ostensibly harmful trading practices.

Taxes 122

Taxes United States Community Bank Analytics 122

South State Correspondent

MARCH 21, 2023

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.

Taxes 195

Taxes Community Bank Community Operations 195

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. “Together, these factors mean that companies could invest more funds, hire employees and generally spend on both their businesses and communities.” The AFP again highlighted these tensions in its Q3 2017 report.

Taxes 100

Taxes Analysis Washington Report 100

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

APRIL 22, 2020

Last month, Expedia withdrew its 2020 adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization, in the wake of the growing impact from the COVID-19 outbreak, which has brought the travel industry to a near halt. “As

Report 150

Report Seattle Leadership Trends 150

PYMNTS

JULY 27, 2018

intelligence experts are warning of the risks of major cyberattacks on the technology operating throughout businesses’ supply chains, according to BBC reports Thursday (July 26), raising alarms for enterprises that increasingly rely on software to function and interact with their business partners. A report by the U.S.

Community 104

Community US Software National 104

PYMNTS

DECEMBER 19, 2019

Cryptocurrency accounting firm Lukka has released a new service that will figure out the taxes on crypto assets, according to a report by CoinDesk. The new service comes on the heels of an announcement by the Internal Revenue Service (IRS) that it was changing the guidelines for how taxes were calculated.

Bitcoin 130

Bitcoin Taxes Guidelines cryptocurrency 130

PYMNTS

OCTOBER 21, 2020

A hacking organization released receipts for $10,000 in charitable contributions to two groups made through bitcoin, the BBC reported. The hackers published the contribution in addition to tax receipts for 0.88 20), CoinDesk reported. eToro Analyst Simon Peters said, as per the CoinDesk report. Eastern Time on Oct.

Bitcoin 234

Bitcoin New York Taxes Report 234

PYMNTS

SEPTEMBER 29, 2020

26), the first time in months, Bloomberg reported. The spikes were especially concentrated in the south Brooklyn and Queens neighborhoods with large Orthodox Jewish communities observing Yom Kippur.

New York 224

New York New York City Taxes Community 224

PYMNTS

JANUARY 18, 2021

The New York Times reported that remote work has meant many San Franciscans have fled the Bay area. At the same time, sales tax receipts in the downtown’s retail, hotel and business districts fell more than 70 percent in the second quarter last year compared with the same period in 2019, Bloomberg reported.

San Francisco 141

San Francisco Taxes New York California 141

PYMNTS

AUGUST 9, 2020

There will also be receipt managing sub-accounts for tax purposes, and other such perks. Community banks have been an integral part of the response to the coronavirus pandemic, according to Treasury Secretary Steven Mnuchin , who said on Twitter that they had helped process over $875 million in Paycheck Protection Program (PPP) loans.

Tools 168

Tools Community Bank Community Taxes 168

PYMNTS

DECEMBER 2, 2019

Nonprofit organizations are responsible for providing multiple community services, including access to shelters, clothing, food and clean water, as well as educational and mental health resources. million tax-exempt groups active in the U.S., The same report found that many organizations are still using manual procurement practices.

Management 141

Management Taxes Groups Regulation 141

PYMNTS

FEBRUARY 4, 2020

Staples is thinking outside the box with a new store format that highlights podcasting, community events and coworking spaces. 5, offers experiences and solutions as well as a place to transact, Chain Store Age reported. The least costly monthly membership in the municipality was $229, per reports at the time. Virgin Islands.

Puerto Rico 151

Puerto Rico Virgin Islands Massachusetts Boston 151

Abrigo

SEPTEMBER 1, 2021

Takeaway 1 Identifying and reporting drug trafficking organizations (DTOs) are a staple of the Bank Secrecy Act. Takeaway 3 There are several red flags to help identify and report potential trade-based money laundering schemes. . Start with Part 1: Implications for Community Financial Institutions. Going Forward.

Training 195

Training Regulation Community Austin 195

PYMNTS

APRIL 30, 2018

and finance experts are celebrating with new data on the state of the entrepreneurial community. Fifty-four percent of small business owners say they are optimistic about the national economy , found Bank of America’s 2018 Business Advantage Small Business Owner Report. National Small Business Week is this week in the U.S.,

Taxes 144

Taxes America National Community 144

PYMNTS

APRIL 10, 2020

Nearly 17 million Americans have applied for unemployment assistance in the last three weeks as the nation’s economy came to a virtual halt amid the coronavirus pandemic, and states were overwhelmed by applications, Reuters reported Friday (April 10). But in Maine, at least, the benefits have yet to flow, according to the report.

New Hampshire 242

New Hampshire Maryland Massachusetts Boston 242

ABA Community Banking

AUGUST 25, 2020

billion in the second quarter of 2020, a 70% decline from a year prior, the FDIC reported today. The post FDIC: Bank Profits Fall amid Ongoing Pandemic; Community Bank Income Grows appeared first on ABA Banking Journal. FDIC-insured banks and savings institutions earned $18.8

FDIC 45

FDIC Community Bank Community Report 45

Jeff For Banks

JULY 6, 2013

I recently read a report by the US Senate Committee on Health, Education, Labor and Pensions titled The Retirement Crisis and a Plan to Solve It , led by Senator Tom Harkin (D: Iowa). The employee can save all of the needed savings tax deferred. The Harkin''s report identified four principles of reform: 1.

Community Bank 106

Community Bank Community National Iowa 106

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. You might also like this webinar on credit department housekeeping.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

MARCH 17, 2020

In addition, dynamic pop-up, cultural, artistic or community-oriented programming aligned with these goals will be encouraged to ensure that the space functions as a vibrant asset and experience for residents and visitors,” according to the statement. has hiked the normal commercial property tax rate on vacant property from between $1.65

Retail 135

Retail Arlington San Francisco Milwaukee 135

Independent Banker

SEPTEMBER 30, 2021

Community banks operate on a majority of the country’s military installations. Given their selfless service, active-duty personnel rely on community banks that understand their unique needs. Community banks comprise more than two-thirds of the 66 banks operating on U.S. Photo by: Dero Sanford. By Judith Sears.

Arkansas 168

Arkansas Community Bank Community Operations 168

PYMNTS

JULY 30, 2020

The Atlanta-based transportation giant reported that its second-quarter consolidated revenue increased to $20.5 GAAP results included a pre-tax charge of $112 million, equivalent to $0.10 In the prior-year period, GAAP results included a pre-tax charge for transformation costs of $21 million, equivalent to $0.02 billion , up 13.4

Atlanta 141

Atlanta Taxes Operations Community 141

Abrigo

JANUARY 14, 2021

Takeaway 1 This round of PPP funding focuses on new borrowers in low- and moderate-income communities. . There is no doubt that the COVID-19 global pandemic has challenged communities across the country and has created a significant economic downturn, which has hit small businesses especially hard. PPP Fraud Spikes.

Fraud 195

Fraud Compliance Community Trends 195

Gonzobanker

FEBRUARY 22, 2024

Community banks need to analyze the demographics and varied business segments to identify the growth potential of each market. Another key player for successful small business banks is the vice president of business lending, who manages the relationship managers and reports to the chief lending officer.

Lending 78

Lending Community Bank Community Strategy 78

PYMNTS

JANUARY 24, 2020

The Global Consortium for Digital Currency Governance will be geared toward the development of transparent, interoperable and inclusive approaches to policy to regulate the crypto industry and facilitate work between the public and private worlds in emerging and developed economies, Cointelegaph reported. The total of U.S.

cryptocurrency 130

cryptocurrency Massachusetts Policies Taxes 130

PYMNTS

AUGUST 1, 2019

A press release issued Wednesday (July 31) said ISO 20022 has the potential to promote efficiency in the correspondent banking community and modernize cross-border transactions. The first guidelines apply to FI to FI Customer Credit Transfer, FI to FI Institution Credit Transfer, FI to FI Payment Status Report, and Payment Return.

Guidelines 190

Guidelines Payments Groups Taxes 190

PYMNTS

JULY 15, 2020

After weeks of relentless headlines on the collapse of Wirecard , the High Court of Justice in London handed the German payments company a victory on Wednesday (July 15), the Financial Times (FT) reported. Additionally, Wirecard may have misled the FinTech community about its partnerships with blue-chip companies.

Fraud 160

Fraud Taxes Groups Compliance 160

Abrigo

MAY 1, 2020

Some borrowers are reporting they cannot maintain employee hiring or compensation levels while government stay-at-home orders are in effect. or who received annualized pay of more than $100,000 during any period in 2019; state and local employer taxes assessed on an employee’s compensation (i.e., 15 through June 30, 2019, or b) Jan.

Taxes 195

Taxes Lending Payments Report 195

Jeff For Banks

NOVEMBER 6, 2010

So his insights and analysis were critical to teaching me, and possibly you, about seemingly mundane yet important topics such as tax efficiency, derivatives, and BOLI. Jeff Book Report note : I will occasionally read books that I believe are relevant to the banking industry.

Community Bank 60

Community Bank Strategy Community Report 60

PopularBank

OCTOBER 28, 2020

Popular is committed to meeting the needs of our customers and communities, guided by our 127-year legacy. We are confident that this repositioning will improve the performance of Popular Bank as we continue to meet the growing and diverse needs of our customers, employees and communities throughout our markets.”.

Puerto Rico 52

Puerto Rico New York Metro Community 52