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Cannabis Cos’ $4.7B In Cash-Based Taxes Overwhelm IRS

PYMNTS

million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.”. billion in taxes last year on nearly $13 billion in revenue from legal cannabis companies. Most of these companies were forced to pay their federal taxes in cash because about 70 percent of all legal cannabis businesses are unbanked.

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Uber Adds Pre-Tax Commuter Benefits Option

PYMNTS

San Francisco, Philadelphia, Las Vegas, Denver, Atlanta, Miami, Los Angeles, San Diego, Seattle and New Jersey. Riders need to first decide how much pre-tax income they’d like to contribute to the account, with the maximum being $255 for the 2017 year. However there are still some parameters that riders need to take into account.

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Buying into AML risks in real estate

Abrigo

In 2016 when the Panama Papers exposed an international network of offshore entities involved in tax evasion, fraud, and sanction evasion, some of which included real estate holdings, regulations began to change. New York City and Miami were the original targets under the first order in 2016.

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A Better Deal

Independent Banker

Tax credits for Main Street lending. Like many community banks across the country, we have seen much of our consumer and small-businesses lending considerably curtailed by tax-exempt credit unions in the Denver metropolitan area that are aggressively marketing and expanding their lending far outside their congressionally limited purposes.

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Xero Partners With Gusto As Payroll Provider

PYMNTS

subscribers can now organize payroll entirely online, with all federal, state and local payroll taxes automatically paid and filed. million subscribers in more than 180 countries, while Gusto serves over 60,000 companies nationwide and has offices in San Francisco and Denver. Xero’s U.S. Xero has 1.4

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Greenline Ventures Launches New Small Business Fund

PYMNTS

Denver-based Greenline Ventures is opening up a new fund to help finance small businesses in the U.S. The financing will leverage New Markets Tax Credits (NMTC), alongside private capital, to provide short-term financing to small businesses with competitive rates and flexible terms, the company said. The company revealed Tuesday (Feb.

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The Dawn Of A Cashless Global Economy?

PYMNTS

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. In Colorado alone, pot is expected to pour an estimated $120 million in tax revenue into state coffers this year.

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