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Market Awaits FOMC Decision and Powell’s Comments

South State Correspondent

Market Awaits FOMC Decision and Powell’s Comments. As we said on Monday, if recent history is any guide, expect Powell to sound more hawkish than the market expects. Powell will certainly let the market know those numbers and whether those reductions will begin this month or in June.

Marketing 195
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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

PYMNTS

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. And, the U.S.

Taxes 170
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Japanese Sales Tax Triggers 6 Pct Economic Contraction

PYMNTS

The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The Wall Street Journal (WSJ) reported on Monday (Feb. A dip in private consumption was blamed on the hike in the national sales tax to 10 percent on Oct. percent contraction. 1 from 8 percent.

Taxes 130
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Bitcoin Daily: Bitcoin Briefly Breaches $3,700; NH Eyes Crypto Tax Payments

PYMNTS

Securities and Exchange Commission (SEC) believes one will eventually win approval. Jay Clayton, chairman of the SEC, has said he doesn’t see that happening until worries about market manipulation are addressed. In other news, New Hampshire is considering a law that would allow residents to pay their taxes with cryptocurrency.

Bitcoin 184
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Recommended Free E-File Tax Sites Fail Security Test

PYMNTS

Hence the revelation by the Online Trust Alliance (OTA) that almost half of 13 “free” E-File tax sites recommended by the IRS fail OTA’s rigorous security testing. The sites were scored in three categories: consumer protection, site security and privacy, with 100 points possible in every category.

Taxes 100
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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

Taxes 195
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How tax accountants can provide valuation services

Abrigo

For some accountants, tax and audit services are attractive for the recurring revenue streams and steady client base they provide. CPAs providing tax services, especially, should find that offering valuation services is an attractive way to not only retain those clients but to also generate new revenue from these existing clients.

Taxes 170