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Treasury Dept. revenue proposals address tax treatment of earned wage access programs

CFPB Monitor

The Treasury Department’s General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals includes a proposal concerning how EWA programs should be characterized for tax purposes. It would also add a definition of on-demand pay arrangements to the IRC.

Taxes 78
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Creating Installment Payment Plans For Accountants, Lawyers And Other Professionals

PYMNTS

But trying to save some money by getting good advice on the cheap is an exercise in futility, QuickFee CEO Bruce Coombes told Karen Webster in a recent discussion. Consider the example of a business that needs $10,000 of tax work done. The interchange fees on that are going to add up to a few hundred dollars.

Payments 192
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Ironing Out The Friction In Getting Fit

PYMNTS

Gym novices often know none of those things, which can make those initial walks through the gym rather intimidating — as the newly fitness-invested find themselves surrounded by athletic people, all of whom seem to know the appropriate ways to exercise.

Exercises 100
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Pricing GDP-linked bonds

BankUnderground

These instruments present an obvious attraction for issuers: repayments are lower at times when the economy is growing relatively slowly, which typically coincides with lower tax earnings. The model innovates by using data on equity yields to extract information about GDP expectations.

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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Payments for goods between suppliers, wholesalers and retail distributors are in cash; payments to employees are in cash; tax payments are in cash; even paying the power company and water bill are contingent on cash.

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Open banking APIs are open for business

Insights on Business

It used our cloud platform to create a “developer hub” that is offered to fintech as a platform for innovation. By doing so, they can log in to an accounting platform and complete their tax return in a few minutes. Open banking is here, and it is far from being a compliance exercise. Open banking for all. Next steps.

Fintech 181
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The Whole Paycheck Tracker: HQ Enhancements, Empathetic AI And Special Guest Bernie Sanders

PYMNTS

While wearables are able to track all kinds of things about their wearers — how much they exercise, when they are sitting or standing or how regular their sleep habits really are — they aren’t renowned for their ability to sense how their wearer is feeling emotionally speaking. “We AI Enhancement: A Wearable That Feels Your Pain.

New York 109