Rhode Island State Tax Updates

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Bitcoin Daily: Rhode Island’s Blockchain Act Aims For Crypto Rules Too; Rapper Akon Details Crypto Plans

PYMNTS

In other digital currency news, the state of Rhode Island introduced a bill last Wednesday (March 11) to create a blockchain-friendly business environment to attract digital innovators. “If

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Rhode Island Eyes Capping Credit Card Interest Rates

PYMNTS

In Rhode Island, there seems to be a groundswell to limit the interest rates that can be charged on card balances, at least in that state. Consumer Finance consumer finance credit card debt credit cards Editors' Picks Interest Rates News Rhode IslandIn the United States, credit card balances and the interest rates charged on those balances are on the rise. In the latest data , more than $870 billion in credit card debt is outstanding in the United States.

Google, Amazon Tech Help States Handle Jobless Claim Boom

PYMNTS

Google and Amazon Web Services are assisting Rhode Island, Kansas, Illinois and New York in processing the unprecedented number of unemployment claims prompted by the coronavirus crisis, The Wall Street Journal (WSJ) reported.

Rhode Island Governor Tapped As Biden’s Commerce Secretary

PYMNTS

President-elect Joe Biden has tapped second-term Rhode Island Gov. Raimondo , the first woman to be governor of Rhode Island, will lead the Commerce Department in setting trade policy and furthering U.S.

Using Debit Cards To Bridge The Stimulus Accessibility Gap

PYMNTS

Next-Gen Debit ACH card not present debit debit cards disbursements Dorcas International Institute of Rhode Island EBT Featured News financial aid Galileo News Next-Gen Debit Tracker Office of Healthy Aging PULSE stimulus stimulus payments Tracker Series weR1

FTC Files Case Against RI Firm Allegedly Posing As SBA Lender; Company Claims Error

PYMNTS

A Rhode Island company is facing allegations of falsely claiming to be an authorized lender for the Small Business Association’s (SBA) Paycheck Protection Program (PPP). Legal fraud FTC Lawsuit lender loans News PPP Rhode Island SBA What's Hot

State Legislative Update: Tax Relief Opportunities and New Tax Obligations Enacted in 2022

ThomsonReuters

New Sales Tax Obligations in Rhode Island and Oklahoma. Rhode Island Recreational Cannabis Framework. On May 25, 2022, Rhode Island Governor Dan McKee signed into law the Rhode Island Cannabis Act, which legalizes and regulates the recreational adult use of cannabis.

DOJ To Investigate Intuit’s $7B Takeover Of Credit Karma 

PYMNTS

David Cicilline , (D-Rhode Island) raised questions about the deal. The U.S. Department of Justice (DOJ) has launched a probe into Intuit ’s $7.1 billion purchase of Credit Karma.

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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Understanding Use Tax

TaxConnex

State-specific regulations also include idiosyncrasies such as the Rhode Island rule that you must send a use tax notification to the customer 48 hours after the order has been placed, rather than after the sale has been made.

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New Klobuchar Bill Will Attempt To Curb Monopolies, Big Tech Power

PYMNTS

David Cicilline of Rhode Island, although Klobuchar’s version won’t include provisions to undo previous mergers or other structural reforms like Cicilline had advocated, NYT reported.

Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

Waze Introduces Contactless Payments At ExxonMobil, Shell Stations

PYMNTS

Chairman David Cicilline (D-Rhode Island) asked Pichai if Google has evolved from a turnstile to the rest of the web to a walled garden that increasingly keeps users within its sites.

Will COVID And Fraud Finally Kill The Paper Check?

PYMNTS

Consider the roughly 200 Rhode Islanders who recently received tax refund checks signed by Mickey Mouse and Walt Disney.

Report: US House Could Break Up Big Tech firms

PYMNTS

David Cicilline (D-Rhode Island). The long-anticipated antitrust report from the U.S. House of Representatives on giant tech companies considers a call to break up the companies, according to a draft of the study.

Senate Approves Five Week Extension For Paycheck Protection Program 

PYMNTS

Only Maryland, Rhode Island and the District of Columbia have seen fewer new cases. Just as the application deadline was set to expire on the Paycheck Protection Program (PPP) at midnight Tuesday (June 30), the U.S.

Understanding Affiliate Nexus and Other Forms of Physical Presence

TaxConnex

These states include New Jersey, Illinois, New York, Nevada, Louisiana, Maine, Kansas, Iowa, and Rhode Island. The explosive growth of online sales means that state and local governments are searching for ways to recoup the tax revenue that they have determined they are owed.

Google Play Policy Changes Will Extend Gambling Apps Across More Countries

PYMNTS

Sports betting is only allowed in Colorado, Illinois, Indiana, Iowa, Nevada, New Hampshire, New Jersey, Pennsylvania, Rhode Island, Tennessee and West Virginia. .

DOJ Moving Forward On ‘Major Priority’ Big Tech Antitrust Probe

PYMNTS

PYMNTS reported that Rhode Island Congressman David Cicilline ended the hearing by saying they all “have monopoly power.” The U.S.

Another 6.6M Americans File For Unemployment As Layoffs Continue

PYMNTS

The largest decreases were in Nevada, down 20,356; Rhode Island, down 8,047; and Minnesota, 6,678. . Jobless claims released Thursday (April 9) show that the coronavirus triggered another 6.606 million unemployment claims for the week ending April 4.

DOJ, State AGs To Meet On Antitrust Suit Against Google

PYMNTS

David Cicilline (D-Rhode Island) ended the hearing by saying the companies “have monopoly power.” The U.S. Department of Justice (DOJ) is putting the finishing touches on its antitrust lawsuit against Google that could be filed as early as this week, sources told The New York Times.

American Airlines Offers Preflight COVID Tests For US Destinations

PYMNTS

States and territories that currently have COVID-19 travel restrictions include Alaska, Connecticut, District of Columbia, Chicago, Hawaii, Maine, Maryland, Massachusetts, New Hampshire, New York, Pennsylvania, Puerto Rico, Rhode Island and Vermont. American Airlines on Tuesday (Dec.

Rebranded Citizens Pay Expands POS Merchant Services

PYMNTS

Providence, Rhode Island-based Citizens Financial Group is advancing the reach of its national point-of-sale (POS) offering for merchants, renaming it Citizens Pay, the company announced Monday (Jan.

Last Labor Report Before Election Shows Drop In US Jobless Claims

PYMNTS

Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct. 24, some 40,000 lower than the previous week's revised levels, according to the Thursday (Oct. 29) report from the U.S. Department of Labor (DOL). The previous week's revised level was upped 4,000 from 787,000 to 791,000. The seasonally adjusted insured unemployment rate dropped 0.5 percent from the previous week's revised rate to 5.3 percent for the week ending Oct. The previous week's rate was revised from 5.8

Bitcoin Daily: Argentina's Crypto Exchanges See Record Growth In 2020; JD.com Sees 20,000 Digital Yuan Transactions In 24 Hours

PYMNTS

The expansion includes 10 new states: Georgia, Hawaii, Nevada, New Mexico, Ohio, Oregon, Maryland, West Virginia, Delaware and Rhode Island, according to the release.

Cannabis Companies Would Be Eligible For COVID-19 Relief Under Bill

PYMNTS

This is an election year and several states, including New Jersey, Arizona, South Dakota, New York, Connecticut and Rhode Island, have bills about cannabis legalization on the ballot or might have those bills.

Judge: Part Of Shareholder Lawsuit Against Apple Can Proceed

PYMNTS

The complaint is led by the Employees’ Retirement System of the State of Rhode Island. Apple will have to face a judge over accusations that it fraudulently concealed falling iPhone demands and lost shareholders billions of dollars, Reuters reported.

COVID-19 Makes College Fees Murkier

PYMNTS

For example, Brown University in Providence, Rhode Island said it has reduced school fees by more than $600 for the fall semester. For college students, the subject of fees — and how to pay for them — is notoriously thorny.

Amazon, Google, Facebook, Apple CEOs To Face Congress

PYMNTS

David Cicilline (D-Rhode Island), chairman of the House Antitrust Subcommittee, has asked each of the company’s executives to testify before completing its investigation and crafting reforms that would regulate the digital market.

Retail Foot Traffic Dips As COVID Cases Rise

PYMNTS

According to ShopperTrek data, the biggest growth in retail traffic has been seen in New Jersey, Maryland, Massachusetts, Rhode Island and New York, CNBC reported. In the past two weeks, shopping levels have fallen again as coronavirus cases surge in the United States, CNBC reported.

Big Tech Antitrust Hearing Rescheduled For July 29

PYMNTS

Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai are now scheduled to appear before a Congressional subcommittee exploring competitive practices among Big Tech Wednesday (July 29) instead of Monday (July 27) as originally planned.

Senators Push FTC To Shield SMBs From PPP Scams

PYMNTS

PYMNTS reported two men were charged in Rhode Island with fraudulently applying for assistance by making false statements through the PPP.

House Antitrust Leader Calls For A Temporary Ban On Mergers

PYMNTS

As millions of businesses struggle to stay afloat, private equity firms and dominant corporations are positioned to swoop in for a buying spree,” the Rhode Island Democrat told the Open Markets Institute, a Washington, D.C.

US Rental Marketplace Zumper Closes On $60M Series D Round

PYMNTS

The site has a 100 percent year-over-year revenue growth and has expanded its employee base to 200 people in offices in San Francisco, Scottsdale, New York, Chicago and Rhode Island.

A List of the 10 Worst Property Taxes By States

LyfeAccounting

Rhode Island. The top 10 on the list of states with the worst tax rates is Rhode Island. Rhode Island is the smallest state in the United States, but that’s not the case when it comes to its property taxes.

Unemployment Filings Top 3.1M Across US

PYMNTS

The highest insured unemployment rates in the week ending April 18 were in Vermont (25.2), West Virginia (21.9), Michigan (21.7), Rhode Island (20.4), Nevada (19.9), Connecticut (18.7), Puerto Rico (17.9), Georgia (17.3), New York (17.2)

Intuit Inks Deal To Purchase Order Management Provider TradeGecko

PYMNTS

David Cicilline (D-Rhode Island) questioned the arrangement within weeks of the transaction’s announcement. Intuit , maker of QuickBooks, has inked a deal to purchase inventory and order management technology provider TradeGecko.

GOP Leader Demands Twitter CEO Testify In Antitrust Probe

PYMNTS

David Cicilline of Rhode Island, chairman of the House antitrust panel, has said there is not enough competition in the U.S. House Republicans want to add Twitter ’s CEO to the roster of Big Tech execs scheduled to testify later this month before a congressional antitrust panel.

Boston Boosts Outdoor Seating For Restaurants

PYMNTS

Stephen DeSousa, CEO at Broadway Hospitality Group , which represents 14 Massachusetts and Rhode Island eateries, said the first wave of people visiting restaurants now are not worried about coronavirus.

CVS Returns $43M In Provider Relief Funds

PYMNTS

The Rhode Island-based company, which employs more than 10,000 nurses and provides healthcare services at its MinuteClinics , said it did not request the funds, which were meant to reimburse healthcare providers for expenses or lost revenues related to the COVID-19 pandemic. “As

Being the CFO Your Client Needs

PANALITIX

From an accountant in Rhode Island, USA). RESOURCES / ARTICLES. Being the CFO. Your Client Needs. In a recent webinar, Panalitix CEO Mark Ferris discussed how accountants can offer more strategic (CFO-type) services. Accountants raised great points before and during the event.

For One Restaurant, Life Before (And During) COVID-19

PYMNTS

In an interview with Karen Webster, Lisa Kuscu, co-owner (and emergency room nurse) with her husband Mustafa of Providence, Rhode Island restaurant Noodles 102 , detailed life before and during COVID-19.