Abrigo

MAY 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. They lead to inefficiencies and roadblocks to small business lending.

Lending 195

Lending St. Louis Community Marketing 195

PYMNTS

SEPTEMBER 29, 2017

President Donald Trump revealed tax reform plans on Thursday (Sept. But according to some analysts, the proposals would largely fall short of their vow to cut taxes for small businesses, instead benefiting wealthy financiers on Wall Street. This framework creates a new tax structure for small businesses so they can better compete.”.

Taxes 100

Taxes Community Survey Report 100

ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors. The post Survey Finds Cost of Funds Top of Mind for Community Bankers appeared first on ABA Banking Journal.

Survey 49

Survey Community FDIC Community Bank 49

Abrigo

OCTOBER 9, 2014

This article is the second in a two-part series on top concerns and growth strategies of community banks. We can find answers in the August Bank Director’s 2014 Growth Strategy Survey , which asked executives from banks of all sizes across the United States about their growth strategies for the next 12 months.

Community Bank 236

Community Bank Strategy Community Survey 236

Abrigo

APRIL 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. They lead to inefficiencies and roadblocks to small business lending.

Lending 243

Lending St. Louis Community Marketing 243

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.” corporates from spending their rising cash reserves.

Taxes 100

Taxes Analysis Washington Report 100

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. But Kirby recommended examining data and surveys used to support this idea.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

JANUARY 13, 2020

Federation of Small Businesses (FSB) has released the results of a survey of small to medium-sized businesses’ (SMBs) embrace of open banking two years since the framework took hold and discovered that SMBs continue to distrust lenders. The FSB surveyed 1,000 SMB owners about their data sharing habits. According to reports Monday (Jan.

Data 131

Data Survey Fintech Taxes 131

Abrigo

FEBRUARY 27, 2020

Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. Abrigo’s 2020 Business Lending Readiness Survey found many bankers are dealing with processes that stymie those efforts. Survey: Repetitive data entry common. Another 9% of respondents said turnaround is 8 weeks or longer. learn more.

Lending 243

Lending Survey Data System 243

PYMNTS

SEPTEMBER 25, 2017

According to the Paychex Small Business Survey conducted late last month by the firm, tax law is top-of-mind when small businesses consider federal legislation that could impact the SMB community. 41 percent of small businesses surveyed by Paychex want the Trump administration to make tax reform its top priority.

Regulation 115

Regulation Taxes Policies Survey 115

PYMNTS

MAY 12, 2020

A survey by the National Community Pharmacists Association last fall found the number of independent pharmacies fell by nearly 20 percent to 18,478 stores last year, down from 23,029 in 2012. The closures represent a loss of nearly $17 billion in annual revenue, 15,000 jobs and millions in tax revenue.

Survey 200

Survey California Taxes Online 200

PYMNTS

APRIL 30, 2018

and finance experts are celebrating with new data on the state of the entrepreneurial community. Eighty-three percent of SMBs said they don’t completely understand the new tax law and how it will impact their business, according to the National Association for the Self-Employed. dollar, commodities pricing and the U.S.

Taxes 144

Taxes America National Community 144

Abrigo

SEPTEMBER 6, 2017

Federal Reserve Small Business Credit Survey The 2016 Small Business Credit Survey from the Federal Reserve states that moving into 2017, small businesses “expressed continued optimism while also reporting trouble making ends meet and accessing credit.” But one of the most concerning things is the change,” says Brown. “If

Survey 150

Survey Taxes Comparison Fintech 150

Abrigo

MAY 5, 2017

Instead, applicants have more gripes about the process they encountered at financial institutions than about the financial aspects of their transactions, according to the 2016 Small Business Credit Survey by the Federal Reserve. That was not the case, however, with borrowers who used large banks and online lenders, according to the survey.

Survey 150

Survey Online Lending Taxes 150

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., There are approximately 1.56 The agency found these nonprofits generated $2.5

Management 141

Management Taxes Groups Regulation 141

PYMNTS

JULY 2, 2018

Surveys gauging the sentiment of the small business owner about shifting rules and regulations – both in the U.S. Sixty-seven percent of Americans are confident in the small business community , according to a new Gallup poll that found SMBs to have the second-highest level of confidence among Americans, behind only the military.

Policies 100

Policies Taxes Washington Minnesota 100

PYMNTS

MARCH 14, 2019

The two published their newest “ Treasury Perspectives ” survey this week, a report that polled corporate treasurers and finance executives about their plans and economic outlook. The 340 survey respondents, based mostly in North America and Europe, revealed their rising concerns over political gridlock in the U.S.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

MAY 12, 2020

Simon told analysts that he thought it was time to help the local communities by reopening, “because frankly they depend on our sales taxes,” he said, according to CNBC. Simon Property Group has seen losses of 20.2 percent in the quarter ending March 31 as social distancing and virus fears set in in mid-March.

Retail 136

Retail Groups Taxes Survey 136

PYMNTS

FEBRUARY 9, 2019

Sixty-one percent of companies around the world surveyed by Intuit said they struggle with cash flow , which can lead to lost business, the inability to pay vendors and employees, and loan defaults. Two-thirds of small firms said payment processing delays have the biggest impact on their cash flow , Intuit’s survey found.

Survey 158

Survey Capital Management Taxes 158

Abrigo

JULY 3, 2017

These are among the findings of a recent survey of 1,000 business owners by business payments network Bill.com. The survey found that all age groups of business owners – but particularly those younger than age 55 -- prefer their accountants to handle all or most of their accounting work paperlessly.

Mobile 150

Mobile Millennials Survey eBook 150

PYMNTS

JUNE 27, 2017

A new survey released by accounting, payroll and payment company Sage finds Canadian SMEs are largely unaware of government initiatives that could help their businesses. Researchers found that 51 percent said there are too many regulations and taxes, and that this poses their most common daily challenge in running a business.

Community 122

Community Survey Regulation Taxes 122

Independent Banker

MARCH 31, 2022

We asked community banks how they’re dealing with the resulting shifts in their employment models. Before remote work was an emergency measure to keep employees safe from a devastating virus, it was a perk some community banks offered to retain and attract talent. is among the community banks carefully navigating the new landscape.

Missouri 142

Missouri Community Bank Community Management 142

PYMNTS

FEBRUARY 9, 2019

61 percent of companies around the world surveyed by Intuit say they struggle with cash flow , which can lead to lost business, the inability to pay vendors, the inability to pay employees, and loan defaults. Nearly one-third of businesses surveyed said it takes more than 30 days to see customers pay invoices. 52 percent of U.S.

Survey 123

Survey Management America Capital 123

PYMNTS

JUNE 11, 2018

Fifty-three percent of SMBs said employee health insurance costs are top-of-mind , closely followed by tax reform, according to SmartBiz Loans’ latest survey. Researchers found that more than a third of SMB owners said they have already been forced to modify their businesses as a result of tax law changes.

Survey 109

Survey Taxes Data Community 109

PYMNTS

MAY 3, 2017

The bank’s Small Business Annual Survey found 80 percent of small business owners identified their own business as “strong,” a data point that U.S. Bank dubbed a “historical high” for the survey. According to PayNet, President Donald Trump’s efforts on tax reform have yet to make a significant impact on small business optimism.

Taxes 100

Taxes America National Survey 100

PYMNTS

MAY 6, 2019

Fifty-four percent of small firms surveyed by TD Bank expect revenue to increase , a 2 percent increase from this time last year, the bank said. Its “ 2019 Small Business Survey ” found that 46 percent are looking to expand product lines, with 39 percent planning to grow production this year.

Survey 115

Survey America Analysis Data 115

Abrigo

AUGUST 11, 2016

Federal Reserve System Survey conducted in 2015, 51 percent of mobile banking users had deposited a check using a banking app in the previous 12 months, a 38 percent increase from 2013. A recent article in the Milwaukee Wisconsin Journal Sentinel notes, “More community bank takeovers by large credit unions are likely.”

Michigan 150

Michigan Milwaukee Indiana Wisconsin 150

South State Correspondent

SEPTEMBER 13, 2023

From survey and polling data, payees and payers say that they will use instant payments because of their speed about 20% of the time. Maybe the payer needs a breakout of taxes, or perhaps the payee was only able to ship a partial order. It is unclear, but if you need the money, it is essential. How often does this happen?

Payments 221

Payments Fraud Data Taxes 221

Jeff For Banks

FEBRUARY 21, 2014

EY recently released its 2014 Global Consumer Banking Survey. They surveyed more than 32,000 customers across 43 countries to evaluate 31 banking experience elements. As I read through it, I began to think how a community financial institution would turn what EY learned into action. And perhaps it is.

Survey 97

Survey Strategy Resources Community 97

Gonzobanker

JANUARY 25, 2023

According to a 2021 Federal Reserve survey , nearly 40% of Americans don’t have the funds to cover an unexpected expense of $400. In December 2022, President Joe Biden signed the Setting Every Community Up for Retirement Enhancement 2.0 Contributions will be treated like a Roth account – after-tax contributions with tax-free growth.

Security 78

Security Taxes Tools Marketing 78

PYMNTS

JUNE 27, 2019

Last week, small business accounting company ScaleFactor released a new survey on how SMBs access capital. Exploring the importance of the small business through the lens of its immediate community is a critical component of promoting education among entrepreneurs. Localizing Capital. This is beneficial in more ways than one, he noted.

Capital 145

Capital Community Oklahoma Maine 145

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice.

Management 150

Management Resources Capital Taxes 150

Abrigo

OCTOBER 21, 2019

It sounds like the beginning of a joke, but for many community financial institutions, a spectrum of different customers and banking needs is something that they see every day. A farmer, a university student, and a business owner walk into a bank. However, they’re probably seeing fewer of these customers walking into a physical branch.

Oklahoma 218

Oklahoma Millennials Innovation Technology 218

PYMNTS

MARCH 2, 2018

Frankly, whenever miners arrive, communities aren’t so willing to roll out a red carpet — because, as neighbors go, miners are kind of a fizzle. Read, bitcoin is something of a public nuisance for the community, as miners have started showing up in droves to set up companies that can make use of the town’s unusually low power costs.

Bitcoin 104

Bitcoin cryptocurrency Taxes Community 104

PYMNTS

DECEMBER 10, 2018

The survey revealed a range of data points that reflect SMBs’ optimism: most SMBs expect both national and local economies to improve, and for their revenues to increase in the coming year. Bank of America’s Small Business Owner Report found that 27 percent of small firms plan to hire in 2019.

Marketing 148

Marketing Data Survey America 148

PYMNTS

MARCH 21, 2016

It also allows access to basic services, like tax advice from PwC, legal advice from Orrick, Herrington & Sutcliffe and tools from Amazon (including $15,000 in AWS credit). “For the first time, Stripe Atlas will give people in our community a way to start their own business online and get paid for the things they create.”

Community 100

Community Online Taxes Survey 100

PYMNTS

MAY 4, 2020

In Malaysia, a reader submission for The Malaysian Insight says the nation’s rallying cry, “Kita jaga kita,” should apply to the business community supporting its small business members though consistent supplier payments. “In 2019, our company collaborated with PYMNTS and surveyed over 1,000 people in the U.S.

Payments 161

Payments Chicago National Data 161