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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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COVID Retail Update: Mall Group Asks For Bailout

PYMNTS

For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. “For For retailers, this is now about near-term survival.”.

Retail 161
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The case for end-to-end digital lending

Independent Banker

Winks, president, lending and retail banking at Northpointe Bank, which is an active mortgage lender in all 50 states. It has also added tools that help to more easily digest documents and that sync with different outlets to get items such as tax returns, pay stubs and bank statements. “At Beth Mattson-Teig is a writer in Minnesota.

Lending 91
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Weird Commerce: ComplyRight, All Those Employment Regulation Signs

PYMNTS

“Our overarching mission is to provide compliance services for small businesses, businesses that don’t have in-house attorneys or tech professionals, to provide the info that small businesses need to comply with employee management and tax reporting requirements,” said Susan Drenning, president of ComplyRight Inc.

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How community banks can help young homebuyers

Independent Banker

Burmis, senior vice president and retail lending manager at $450 million-asset Chelsea State Bank in Chelsea, Mich. 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. Beth Mattson-Teig is a writer in Minnesota.

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Fintech Fundings: 26 Companies Raised $530 Million Third Week of July

Fintech Labs Insights

Retail deposits platform. HQ: Minneapolis, Minnesota. Tax filing portal. Tags: Consumer, tax prep, payments. Latest round: $17.5 million Series B. Total raised: $20.4 HQ: Bangkok, Thailand. Source: Crunchbase. Deposit Solutions. Latest round: $16.5 million Series B. Total raised: $23.6 HQ: Hamburg, Germany.

Fintech 12