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Community banks are thriving in Texas

Independent Banker

With the record growth of San Antonio, Houston and Austin, southern Texas is becoming a hub for business. There’s a lot of energy in the southern half of Texas, and it’s not just the resources that power our homes and cars. The state is growing an impressive technology roster, for example. Photo by Dennis Burnett.

Texas 182
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Silicon Valley Loses Grip On Tech Firms

PYMNTS

11) it was moving to Austin, Texas from Redwood City, California. And just weeks earlier, Hewlett Packard Enterprise announced it was moving its headquarters to Houston, Texas from Silicon Valley. Texas has no income tax. Database giant Oracle Inc. announced Friday (Dec. percent on income in excess of $1 million.

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SaaS sales tax compliance software Anrok hits $100M valuation. Anrok’s competitors include Avalara, DAVO Technologies, TaxCloud, Taxware, and Vertex.

CB Insights

Anrok , a SaaS sales tax solution, has raised $20M in a Series A. California-based Anrok unifies sales tax monitoring, calculation, and payments processes across the enterprise financial stack. The startup operates in the US and has teams in San Francisco, Texas, Colorado, and Washington, among other locations in the US.

Taxes 59
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Trust and tax services: Worth offering?

Independent Banker

To satisfy the banking needs of some commercial and high-net-worth clients, some community banks provide trust and tax strategy services. For some banks, those services include specialty trust and tax strategy services. is one community bank that offers a wide range of trust and tax services. By Don Sadler.

Taxes 91
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US Local Governments And The Slow Death Of The Check

PYMNTS

State agencies handle disbursements for property refunds, public programs, taxes and more, and many are still clinging to paper checks as part of their processes, even as they adopt ACH or direct debit payments. The same is true for business entities on other tax programs. Texas and Oregon do not share such plans.

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Deep Dive: Wayfair’s Complex, Ongoing And Unexpected Effects On Retailers

PYMNTS

Wayfair’s case enabled cities and states to pass economic nexus laws that require out-of-state sellers to collect and remit taxes on local residents’ sales, and it permitted these jurisdictions to implement marketplace facilitator laws necessitating that eCommerce platforms collect and remit taxes on third-party merchants’ sales. .

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Online Sales Tax’s ‘Pivotal,’ Post-Wayfair 2019 — And What Lies Ahead

PYMNTS

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Imposing state taxes on out-of-state sellers is now the new normal, she said.

Online 132