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New Digital Taxes Loom On Tech Firms In Europe

PYMNTS

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales.

Taxes 130
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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . A group of state attorneys is joining together to fight a merger of Sprint and T-Mobile that the United States Justice Department supports. Trackers and Reports.

Taxes 101
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The Strange Spending Trends Around Sales Tax Holidays

PYMNTS

According to the National Retail Federation , as of last year parents entered August with about 45 percent of their back-to-school shopping done. This year 17 states will have sales tax holidays of one form or another — up from 16 last year, but down from the national high of 20 states in 2010. How Tax Holidays Work.

Taxes 101
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The Recency Trap and Building Deposit Balances

South State Correspondent

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. The bank can then record conversions as they market to this test group. There is a reason for this.

Marketing 195
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Bank ERC Rebate – Getting Your Own

South State Correspondent

Bank ERC Background Bank ERCs is a refundable tax credit available to businesses, including financial institutions, affected by the global pandemic as granted under the CARES Act and modified by the Relief Act. For employers with 500 or fewer employees, all wages paid to employees can be qualified.

Taxes 195
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Money Management During The Coronavirus Crisis

BankBazaar

The Covid-19 pandemic has pushed entire nations into lockdowns, crushed value chains, and stressed household finances. Therefore, smart money management is critical to survival through this period. HOW TO MANAGE CASH. The dos and don’ts of liquidity management. The global economy is in a crisis. BUILD EMERGENCY RESERVES.

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Growing your firm’s advisory services: Financial management

Abrigo

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. Loans for small businesses are another avenue that you can advise clients to use.