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Overstock To Pay Some Ohio Business Taxes With Bitcoin

PYMNTS

3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. Ohio is the first U.S. state to offer this way of paying for business taxes, noted Overstock in the press release. Ohio is the first U.S.

Ohio 177
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Ohio Bill Urges Govt. To Adopt Blockchain

PYMNTS

Blockchain got a boost last week after the Ohio House Of Representatives introduced a bill that would let state government agencies use blockchain technology. If the bill passes, government agencies in Ohio could use blockchain for recording car titles or tracking hunting licenses online, noted the report.

Ohio 149
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Is Sales Tax An Anchor On Amazon?

PYMNTS

One of the more long-grumbled complaints in retail is that Amazon and other eCommerce players are able to exploit a loophole that allowed them to mostly avoid charging sales tax. Would collecting sales tax 100 percent of the time take a bit out of Amazon’s bottom line? Recent data suggests — probably not.

Taxes 101
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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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The ICBA 22/23 executive committee is all in

Independent Banker

“I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. Coldwater, Ohio. Chairman Brad M. Grand Rapids, Minn.;

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CRE risk management: Navigating hazards and opportunities

Abrigo

Use portfolio risk management tools, which make it easier to continue supporting local and national economies prudently. Federal Reserve and OCC examiners at an Ohio Bankers League forum this summer highlighted repricing risk, uncertain lease renewals for office space, and increasingly burdensome costs for long-term care facilities, he said.

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The Many Faces Of Employee Fraud

PYMNTS

million: This is the suspected value of a VAT fraud scam that Ireland’s Garda National Economic Crime Bureau is investigating, local reports said last week. 58,882.32: An Ohio couple was ordered to pay this amount in restitution after being convicted of grand theft and forgery.

Fraud 111