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Helping Nonprofits Embrace Cash Management

PYMNTS

million tax-exempt groups active in the U.S., These organizations need to demonstrate to donors and community members that donations were spent appropriately to retain tax-exempt statuses and encourage future donations. . There are approximately 1.56 The agency found these nonprofits generated $2.5 trillion in revenues and $2.4

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PPP Loan Forgiveness May Be Hard To Win For Self-Employed Workers

PYMNTS

The measure limits independent contractors and the self-employed to borrow up to two months of their pay based on their 2019 income tax return or $15,385, whichever is less, toward forgiveness. If they can’t convince the SBA they met those requirements, borrowers have two years to repay it at a 1 percent interest rate.

Ohio 248
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RMD Relief Under CARES Act

TrustBank

Foregoing a 2020 RMD allows tax-deferred dollars to remain in an investor’s retirement account. This will provide a potentially significant tax break to some investors, as they can avoid paying federal or state income tax on those dollars on their 2020 tax returns. Please consult with your tax and financial advisors.

Taxes 52
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Aaron Stetter: Back to Capitol Hill

Independent Banker

A study by the Congressional Management Foundation found that in-person constituent meetings with members of Congress and their staff are the most effective way to influence them. We are taking appropriate safety measures and following all federal and local guidelines. Visiting a congressional office in Washington, D.C.,

Community 180
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Payments Initiation Opens The B2B Door For QR Code Payments

PYMNTS

TrueLayer, which offers open banking application programming interfaces (APIs), recently announced an expanded partnership with ANNA Money , a provider of mobile-friendly business account, card and tax management services to small businesses. A B2B Opportunity.

Payments 151
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Why Authentication And Real-Time Tracking Are Key To API Security

PYMNTS

From an instant payment perspective, it has now become much more important to be able to manage the fraud in real time online,” said Tino Kam , head of transaction banking at Finland-based Nordea Bank , in a recent interview with PYMNTS. This customer-focused perspective could help ease banks’ operations beyond the field of B2B payments.

Security 151
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Credit Union Helps US Marijuana Businesses Put Down Roots

PYMNTS

This forces many operations to continue using cash. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services. We want to make sure every ‘t’ is crossed and every ‘i’ is dotted,” Sbrega said.

Colorado 126