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The State-By-State Complexities Of Sales Tax Compliance

PYMNTS

Retailers that want to sell merchandise nationwide must pay attention to how each state’s tax code treats their goods. For example, products considered to be exempt medical necessities in some states might be taxed at high rates in others. 100: Minimum number of local tax codes in Alaska.

Taxes 131
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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109
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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.

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The case for end-to-end digital lending

Independent Banker

In early 2021, the $490 million-asset community bank launched its Finastra Consumerbot product, which offers online applications for consumer loans for items like boats and vehicles. began offering online applications nearly a decade ago and rolled out its custom online loan application tool in 2016.

Lending 91
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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

HQ: Minneapolis, Minnesota. Tax preparation technology. Tags: Consumers, tax prep, personal financial management. Source: Crunchbase. Compliance tools for digital interactions. Latest round: $2.5 Total raised: $2.5 HQ: Zurich, Switzerland. Source: Finovate. Independent insurance agent distribution platform. Latest round: $2.5

Company 12
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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

Online payroll system. Online accounting. HQ: Minneapolis, Minnesota. HQ: Minneapolis, Minnesota. Income tax preparation app. Tags: Consumer, tax prep. Total dollars raised YTD is now $17.4 billion, more than double the $8.4 billion more raised during the same period a year ago. ——-. HQ: Cincinnati, Ohio.

Company 12
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SMBs Face Policy Headwinds, From Trade Tariffs To SCOTUS

PYMNTS

From a Supreme Court decision with possible implications for small online merchants, to SMBs’ preparations for U.S. reports that cite Minnesota Law Review analysis. states have, or will have, laws that require online merchants to collect sales tax , and last week’s Supreme Court ruling is likely to increase that number.

Policies 100