North Carolina State Tax Updates

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Bitcoin Daily: North Carolina Looks To Blockchain For Economic Boost; S. Korea’s LG To Use Blockchain For School Lunch Supply Chain

PYMNTS

North Carolina Lieutenant Governor Dan Forest announced the launch of the North Carolina Blockchain Initiative to study the technology, virtual assets, smart contracts and digital tokens. The initiative will be co-chaired by Faruk Okcetin of the North Carolina Digital Economy Hub; Daniel Spuller of the Chamber of Digital Commerce; and Eric Porper of the Warp Institute. Bitcoin B2B B2B Payments bitcoin Blockchain LG News North Carolina What's Hot

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Team With No Accounting Majors Takes On Another Team With No Accounting Majors For Men’s College Basketball Supremacy

Going Concern

Tonight at the Caesars Superdome in New Orleans, the eighth-seeded North Carolina Tar Heels will be taking on the No. However, North Carolina is on a high after beating Duke and could carry that momentum into tonight’s game. So that’s one for North Carolina?

Coronavirus Refunds: UNC To Offer Reimbursements, Credits, Contribution Options For Season Tickets

PYMNTS

The University of North Carolina at Chapel Hill announced in a letter to football season ticket holders that Carolina Athletics will not have tickets in the form of season passes.

UCSD Tests New Drone Deliveries For Medical Products

PYMNTS

The program will be Matternet’s third, with an earlier UPS partnership having made 1,900 flights at WakeMed, a hospital in North Carolina. Delivery cvs drone delivery Hospitals Matternet medical News North Carolina Technology UCSD UPS What's Hot

College Students Seek Lower Fall Tuition As Schools Plan To Stick With Digital Classes

PYMNTS

For instance, students at the University of North Carolina system have filed suit seeking tuition and fee refunds for spring because schools switched to online classes.

Coronavirus Refunds: Students Seek Refunds From NC Universities In Suits; Cardinals To Reimburse Fans For Tickets

PYMNTS

UNC Charlotte, UNC Wilmington, UNC Asheville and East Carolina University were reportedly named in complaints that seek to be class actions. The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to use.

Drone Company Flytrex Secures $7.5 Million

PYMNTS

Flytrex also has plans to expand into North Carolina. Investments delivery Drones financing flytrex funding golf course Investment News North Carolina Startup Venture CapitalFlytrex, a six-year-old Israeli startup, has raised $7.5 million in Series B financing, according to a report in VentureBeat. The funding round was led by Benhamou Global Ventures (BGV) with additional capital from Btov.

Food In Flight: Delivering Mobile Orders By Drone

PYMNTS

That’s a problem that drone delivery company Flytrex is aiming to solve in partnership with the North Carolina Department of Transportation (NCDOT). The data we’re providing [the FAA will] allow what we’re doing in North Carolina to be possible throughout [the] whole country,” Yap said. “We’re A separate pilot program in North Carolina is exploring drone delivery for medical materials. Food delivery is a $13 billion business in the U.S.,

Sandbox Bill Announced For FinTech, Gov Regulations

PYMNTS

Regulation Federal Government hedgeable House of Representatives McHenry North Carolina regulation sandbox U.K. The FinTech industry is undoubtedly a competitive one — never mind the cross-country rivalry. As digital currencies, like bitcoin, expand their reach and more people pay using their smartphone, there are concerns that the U.S. may fall behind to other leading countries, specifically the U.K, which is making strides in the space. To make sure the U.S.

TRENDING: Giving Food Delivery A Drone-Powered Lift

PYMNTS

In this month’s feature story, PYMNTS caught up with Yariv Bash, CEO of drone delivery company Flytrex , and Basil Yap, head of Unmanned Aircraft Systems for the North Carolina Department of Transportation , to discuss how commercial drone delivery services can enable restaurants to provide more deliveries per hour and serve customers outside their traditional delivery zones.

Tech Center: Charlotte On The Edge of Tech Greatness

PYMNTS

Just west of the Research Triangle in North Carolina, Charlotte’s technology industry has been slowly growing over the past few years. With this news, we decided to focus our Tech Center on the up-and-coming North Carolina city. With the North Carolina Technology Association regularly holding its annual tech expo in Charlotte this year, the city is continuing its upward trajectory.

BLOBfish And The Cure For The Summertime Blues

PYMNTS

Other than being one of the ugliest creatures to inhabit the sea, BLOBfish Activity Hub is also the name of a small North Carolina-based startup that aims to be the ‘TripAdvisor of summer camp’ It is, quite simply, meant to be the one-stop shopping hub for the parent in need of a summer activity. News Retail Ann McDowell Blobfish BLOBfish Activity Hub BLOBfish startup camp Featured News North Carolina search engine Startup summer camp summer camps for kids TripAdvisor

What's New in State Sales and Use Taxes

TaxConnex

North Carolina’s Department of Revenue has made a private letter ruling regarding sales tax payments on subscription fees for software as a service (SaaS). North Carolina does not currently tax access to cloud-based software accessed electronically over the Internet.

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Marketplace Facilitators Create Their Own Sales Tax Obligations

TaxConnex

If you are selling through a marketplace, the majority of states now have these laws in place, including, recently , Georgia, Florida, Hawaii, Wisconsin, Illinois, Michigan, South Carolina and North Carolina. Amazon, eBay and Etsy are more than household names.

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What’s new for state sales and use taxes

TaxConnex

North Carolina has issued a? There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Give us a break.

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States Roll Out Most Stringent COVID Restrictions Since Spring

PYMNTS

North Carolina issued its first stay-at-home order on March 27, according to WSJ. “We We didn’t know how fast the virus was spreading, what we were really dealing with,” said Dr. Mandy Cohen, North Carolina’s secretary of health and human services, per WSJ.

Elon University Adjuncts Unionize

CBH

The second of its kind among faculty members in North Carolina, the union aims to negotiate pay raises, benefits, and other work-related matters for adjuncts at the private university. In an effort to improve working conditions, adjunct professors at Elon University voted this week to form a union. Many Elon adjunct professors supported creating a union because they had to take part-time jobs to make ends meet, and having a class canceled would cause a financial setback.

Understanding the Taxability of Your Products and/or Tech Services

TaxConnex

North Carolina imposes tax on sales of e-delivered greeting cards and photographs. If you were to read our 5 Steps to Sales Tax Compliance, or any guide on maintaining sales tax compliance, understanding the taxability of your products and/or services would be one of the first steps.

Monday Morning Accounting News Brief: SEC Backdoors; MAcc Prof Makes a List; Advise All the Clients! | 6.20.22

Going Concern

North Carolina Agricultural and Technical State University Master of Accountancy (MACC) Director Kecia Williams Smith ‘95, CPA, Ph.D., Excuse the afternoon morning news brief this afternoon, today is a holiday. “ Juneteenth is a day of profound weight and power.”

Software, SaaS and Sales Tax

TaxConnex

North Carolina gave a SaaS licensorer a break on sales tax because customers don’t receive a tangible copy of or?an?electronic

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The Evolving Taxability of SaaS

TaxConnex

Most recently: North Carolina determined that in one instance there was no sales tax on subscription fees for SaaS because the taxpayer’s customers don’t receive a tangible copy of or?an?electronic

Sales Tax on Shipping: When Does it Apply?

TaxConnex

When only some of the contents of a shipment are taxable, the shipping charges must be pro-rated in Minnesota, New Jersey, North Carolina, North Dakota, Ohio, Rhode Island, South Dakota, Vermont, Washington and Wisconsin (where a “reasonable allocation” is required).

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Pizza Hut Israel Plans Drone Delivery Trial

PYMNTS

Headquartered in North Carolina, Flytrex aims to train personnel needed to remotely guide drones that are not fully autonomous.

Coronavirus Refunds: Jimmy Buffett Fans To Get Reimbursement Option For Tour

PYMNTS

The concert at Charlotte, North Carolina’s PNC Music Pavilion has been rescheduled to April 24, 2021 and the concert at the Boston, Massachusetts Xfinity Center has been rescheduled for Aug.

KFC To Offer Meatless Fried Chicken At Select Locations

PYMNTS

Fried chicken fast-food restaurant KFC is partnering with Beyond Meat to bring meatless fried chicken to stores in Tennessee and North Carolina, according to a report by Reuters.

Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

In addition to Texas, states involved in the Paxton suit include other Republican attorneys general from Arkansas, Idaho, Indiana, Kentucky, Mississippi, Missouri, North Dakota, South Dakota and Utah.

Judge Orders Insurer To Pay Restaurant For COVID Losses

PYMNTS

A North Carolina judge has ruled that an insurance company that sold business interruption coverage to the owners of two high-profile restaurant groups in the state must reverse course and pay claims stemming from pandemic-related closures.

Peloton Buys Fitness Equipment Maker Precor In $420 Million Deal

PYMNTS

The release stated the acquisition of Precor gives Peloton another 625,000 square feet of new space to manufacture in Whitsett, North Carolina, and Woodinville, Washington, complete with room for in-house tooling and fabrication, product development and quality assurance.

Second Google Lawsuit May Be Filed Next Month By State AGs

PYMNTS

The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters.

First Citizens, CIT Group Merger Will Create $100B Bank

PYMNTS

The merged firm will be headquartered in Raleigh, North Carolina and will operate under the First Citizens name and NASDAQ ticker symbol FCNCA. Among other locations, operation centers will be located in New York, New Jersey, California, Nebraska, Arizona, Florida and South Carolina.

Monthly Sales and Use Tax Update

TaxConnex

North Carolina revenue collections for the year ending June 30 will be $1.9 There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates that occurred over the last month.

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New York To Sunbelt State Tourists: Stay Home

PYMNTS

At the news conference, Cuomo called out several states with surging infection rates whose residents would be included in the quarantine should they travel to the Tri-State area, including Alabama, Arkansas, Arizona, Florida, North Carolina, South Carolina, Washington, Utah and Texas.

Paytronix Helps Restaurant Hum With Takeout, Delivery During Pandemic

PYMNTS

When the fast-spreading coronavirus forced restaurants to close seating areas, Zukku Sushi was in a bind because its three locations in Florida and North Carolina were based in food halls.

Study: Financial Pressure Makes CFOs Prone To Fraud

PYMNTS

The study was done by researchers from North Carolina State University, the University of Missouri-Kansas City and the University of Chieti-Pescara in Italy.

3 Years Post-Wayfair: A Look Back

TaxConnex

Wisconsin prepared to require out-of-state businesses to collect sales tax by the fall, soon followed by Alabama, North Carolina, Pennsylvania, and others. States like South Carolina and Iowa reported early, positive, revenue collections on the new requirements.

Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business

PYMNTS

Google is also being investigated by attorneys general from several states, including California, Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah.

Another 4.4M Americans File Unemployment Claims

PYMNTS

The coronavirus pandemic continues to rock the country, as another 4.43 million Americans applied for unemployment benefits in the week ending April 18, sending the unemployment rate to a new record of 11 percent, the U.S. Labor Department reported on Thursday (April 23).

Target Circle Loyalty Program To Go Nationwide In October

PYMNTS

19 in five cities: Kansas City, Phoenix, Denver, Indianapolis and Charlotte, North Carolina. Starting on Oct. 6, Target reportedly plans to bring its revamped loyalty offering nationwide. The Target Circle program offers birthday rewards as well as other personalized coupons, CNBC reported. The company noted that over two million people enrolled in the program over an 18-month period and have made over 14 million transactions.

Coinbase Offers Bitcoin Cash Loans Of Up To $20K In 17 US States

PYMNTS

Initially, the loans are available in the following states via the waitlist: Alaska, Arkansas, Connecticut, Florida, Georgia, Illinois, Massachusetts, New Hampshire, New Jersey, North Carolina, Oregon, Texas, Virginia, Nebraska, Utah, Wisconsin and Wyoming.

FAA Green-Lights UPS Drone Deliveries Throughout US

PYMNTS

This is a big step forward in safely integrating unmanned aircraft systems into our airspace, expanding access to healthcare in North Carolina and building on the success of the national UAS Integration Pilot Program to maintain American leadership in unmanned aviation,” said U.S. UPS Flight Forward will be able to ship medical products and specimens in North Carolina across various hospital campuses.

Texas AG Paxton: More States Could File Antitrust Lawsuits Against Google 

PYMNTS

A bipartisan group of states — Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah — is planning to file an antitrust lawsuit against Google sometime in this month.

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US Colleges See Drop In International MBA Students

PYMNTS

For instance, students at the University of North Carolina System and the Pratt Institute in New York City filed lawsuits seeking tuition and fee refunds for spring because the schools had switched to online classes. The decline in international students setting their sights on M.B.A.