article thumbnail

US Retail Sales Rose Higher In July

PYMNTS

percent, online and mail-order retail sales increased 0.8 In addition, tax cuts and higher savings are also playing a role in the rise in retail sales. The economy appears to be very well-positioned to continue to grow,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan.

Retail 101
article thumbnail

TRENDING: Voice Recognition Gets Its Own Backup Biometrics

PYMNTS

And similarly, identity verification provider Trulioo recently launched its Global Business Verification solution, a tool to verify if an online business is real and enabling companies to detect cybercrime, fraud and other criminal activity like tax evasion or money laundering. . In a recent interview with PYMNTS, Kang G.

Trends 115
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wells Fargo’s Q2 Disappoints After Scandals

PYMNTS

The current quarter included a 10-cent per share income tax expense. . Second-quarter net income was impacted by a $481 million one-time expense resulting from a key Supreme Court decision related to online sales, South Dakota v. Wayfair, which impacted how states may collect taxes on sales made by out-of-state sellers. .

article thumbnail

Big Names Embark On Spring Hiring Sprees

PYMNTS

The decision was made in support of the company’s $11 billion multi-year investment plan to increase Home Depot’s lead over brick-and-mortar competitors such as Lowe’s , as well as keeping ahead of online competitors including, but not limited to, Amazon. The company is investing $3.4 Tech Giants. Prominent U.S.

Vermont 100
article thumbnail

Top 21 Online Digital Accounting Services for Small Businesses (SMB): Jan 2022

Fintech Labs Insights

When I started reporting on the space in the mid-90s, I thought banks would end up delivering the bulk of basic accounting functions through their online banking programs. Challenger Accounting/Bookkeeping Online Providers in the United States. TaxBit (Crypto tax specialists) FAB Score = 181. – HQ: Detroit, Michigan.

article thumbnail

Walmart, Home Depot And Macy’s Beat Q2 Earnings Expectations

PYMNTS

percent — the same growth rate logged by online and mail-order retail sales. Tax cuts and higher savings are also playing a role in the rise in retail sales. The economy appears to be very well-positioned to continue to grow,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan.

Retail 108
article thumbnail

How community banks can help young homebuyers

Independent Banker

The community bank also hopes to participate in a new tax-exempt savings program for first-time homebuyers that was approved by the state of Michigan in April. The new law allows individuals to set aside money for a home purchase down payment, and money saved via the program is free from state income tax.