PYMNTS

MARCH 19, 2020

The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). Square Financial Services will originate commercial loans to the retailers that use Square for payments. Square, Inc.

Utah 110

Utah accounting and finance Finance Retail 110

CPA Practice

APRIL 19, 2024

By 2027, marketplaces may account for 59% of ecommerce globally. The success of online marketplaces is inspiring many retailers to operate marketplaces of their own. As the retailer liable for sales tax, marketplace facilitators are typically responsible for validating exempt transactions too.

Tax 59

Tax Wyoming Alaska Louisiana 59

PYMNTS

JULY 14, 2020

It’s been a big year for alt-credit, where younger consumers see it as a, well, alternative to using a traditional credit or debit card to finance a purchase. In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings.

Utah 52

Utah accounting and finance Sales New York 52

PYMNTS

MAY 4, 2016

The moves comes as the firm is working to account for declining loan volumes. The biggest individual cut will be a Utah office dedicated to lending for medical procedures, but 14 percent of Prosper’s San Francisco- and Phoenix-based workforce is also on its way out the door. In 2015, Prosper’s staff grew to 619 employees.

Utah 42

Utah Healthcare accounting and finance Retail 42

CPA Practice

JULY 18, 2023

Worldwide retail ecommerce sales could reach $6.169 trillion in 2023 and comprise 22.3% of total retail sales. Code § 15-5-133 , freight costs incurred prior to retail sale are considered part of gross sales and therefore subject to tax. Is shipping taxable? They’re generally exempt when the sale is exempt.

Sales 98

Sales Retail Tax West Virginia 98