Wyoming Lures Crypto Companies With Friendly Laws

PYMNTS

Wyoming is trying to position itself as a leader in cryptocurrency and one of the friendliest states when it comes to legislation around crypto companies. That prompted crypto and blockchain companies to register in the state, reported Bloomberg, “This is one of the most exciting things that I have seen in a decade as far as the possibilities,” said David Pope, an accountant and executive director of the Wyoming Blockchain Coalition, in an interview with Bloomberg.

Bitcoin Daily: BoE Advisor Says Cryptos Fail ‘Basic’ Tests; Wyoming Lawmakers Float Crypto Custody Bill

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In other news, legislators in Wyoming have unveiled a bill that would put forward “an opt-in framework for banks to provide custodial services for digital asset property as directed custodians,” Coindesk reported. Wyoming Blockchain Coalition Co-founder Caitlin Long said, according to the report, ”anything can happen in a legislative process, it’s not done till the governor signs the bill, but it has a lot of momentum behind it and a lot of support.”.

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Bitcoin Daily: Ant Financial Starts Pilot For SMB Blockchain Network; Wyoming Announces Regulations For Crypto Custodians

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In other news, the state of Wyoming has released several new custody rules focused on its special purpose depository institutions (SPDIs) (also known as “blockchain banks”). Tweets posted by Wyoming Blockchain Task Force President Caitlin Long said that the rules include what are reportedly the first-ever regulations for digital asset custodians in areas including forks, airdrops, staking, customer notice requirements and more.

Bitcoin Daily: FDA Pegs Walmart, IBM For Blockchain Pilot; Wyoming State Embraces Blockchain

PYMNTS

In other news, Wyoming — America’s least-populous state — has turned its focus on blockchain, attracting a slew of new businesses as a result. The ethos of blockchain and the ethos of Wyoming are very similar,” said Caitlin Long, co-founder of the Wyoming Blockchain Coalition, according to Wired. The results of the new regulations have brought dozens of limited liability blockchain and crypto corporations to Wyoming. “I’ve

Bitcoin Daily: US Sanctions Two Russians For Alleged $16.8M+ Crypto Theft; Bahamas' Sand Dollar To Launch; Kraken Gets Go-Ahead For Wyoming Bank Charter

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On another note, digital currency exchange Kraken has received the go-ahead from the Wyoming Banking Board for a special purpose depository institution (SPDI) charter, Coindesk reported.

Bitcoin Daily: Binance Rolls Out Decentralized Exchange; Wyoming Legislators Pass Multiple Crypto Bills

PYMNTS

On another note, legislators in Wyoming recently passed multiple bills related to digital currency, Coindesk reported. Digital currency exchange Binance , which has approximately $1 billion in trading volumes each day, rolled out a decentralized trading service (dex), according to reports. With the concept of a dex, users can trade using their wallets instead of transferring their digital currency into a crypto exchange.

Avanti Plans Real-Time Settlement Solution For Corporate Treasurers

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Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers.

Bitcoin Daily: Binance Sells Its Users’ Altcoins, Bitcoin Dives As Cryptos Caught In SEC Crosshairs

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And Wyoming recently passed a law that would make some digital coins exempt from regulation, TechCrunch reported. Bitcoin Altcoins bitcoin Blockchain CFTC Commodity cryptocurrency litecoin Money Tap News regulation SEC What's Hot WyomingBitcoin’s price staggered on Wednesday (March 7), Reuters reported.

Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero

Three other states—Nevada, Oregon, and Wyoming—decided to make incorporation in their state more appealing. Perhaps Wyoming is the place to be? Let’s see what Wyoming has to offer your business. Wyoming’s tax structure loves your business. How to incorporate in Wyoming.

Current State of Travel for Team Retreats

Summit CPA

We also compare the retreats we had planned from Wyoming in 2020 to Las Vegas in 2021 up to this year's Nashville retreat and discuss how everything was planned and organized for everyone to have a great experience. The Virtual CPA Success Show: Episode 59.

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Sales Tax and Vitamins/Dietary Supplements

TaxConnex

The products are tax-exempt (more or less) in the District of Columbia, Florida, Maryland, Michigan, New Jersey, New York, Texas, Vermont, West Virginia and Wyoming. You won’t find too many more confusing sales tax scenarios than the one involving dietary supplements.

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State Discounts for Sales Tax

TaxConnex

Some states, such as Alabama, Mississippi and Wyoming, require filing by a certain day of the month. Collecting and remitting sales tax can be onerous – and expensive – for any business. That’s one reason some states give a collection discount to help with the costs of managing sales tax.

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Crypto, NFTs and sales tax: What we know so far

TaxConnex

Other states such as Georgia , Kentucky and Wyoming have floated sales tax incentives or exemptions for such things as data center equipment purchases or the costs of electricity. Sales tax has a universe of changing conditions.

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Sales Tax on Shipping: When Does it Apply?

TaxConnex

Stating the shipping cost separately on the invoice affects its taxability in Alabama, Arizona, Illinois, Iowa, Maryland, Oklahoma, Utah, Virginia and Wyoming.

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Revolut Likely To Apply For US Bank Charter

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while cryptocurrency exchange Kraken Financial won a bank license in Wyoming last month, and state financial regulators have had a contentious debate with OCC regulators over a special charter for FinTech firms.

Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

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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.

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.

Tax-Free States? Pay No Income Tax in These 9 Tax-Friendly States!

LyfeAccounting

Wyoming. Next on our list is the Equality State, Wyoming. Wyoming is another tax-friendly state in the midwest, right by South Dakota. So if you’re Montana, Idaho, or Utah, and you want to save $1 or $2 in taxes, definitely check out Wyoming. Wyoming is awesome.

Maximizing Profits Through Proper Tax Planning

MyIRSRelief

No Individual or Corporate Income Tax: Nevada, South Dakota, and Wyoming. With more than 30 million small businesses in the US, effective tax planning is essential to maximizing profits and minimizing taxes, keeping more of what is earned, and lowering your taxes for the future. Understanding the intricacies of effective tax planning takes professional guidance to ensure that you are taking advantage of every opportunity.

Square Offers Beauty Sector Online Booking, POS Tool

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Square Appointments on Square Register is the perfect solution for our salon since we can now do everything all in one place whereas before we were having to use multiple devices,” said Teresa Kuhbacher, owner of Lil’ Tiffany’s Spa in Gillette, Wyoming.

Bitcoin Daily: Public Blockchain Cardano Developing Chip That Creates Cash-Like Crypto; Brazil Probes Banks Turning Away Crypto Firms; Albania Proposal To Regulate All Crypto

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Charles Hoskinson, founder of IOHK , which makes Cardano, said in a recent Cointelgraph interview that the crypto-native chip is being created at the IOHK lab at the University of Wyoming.

Bitcoin Daily: CoinZoom Crypto Exchange Debuts Visa Debit Card; Wave Financial To Offer Kentucky Bourbon Tokens As Investment

PYMNTS

” And, Avanti Financial Group, which is said to be the first company to publicize its application to be a Wyoming special purpose depository institution (SPDI), is bringing five new executive hires on board who will also serve as co-founders, CoinDesk reported.

How to File Your Taxes if You Worked Remotely Out-of-State This Year

Anders CPA

If you work in one of the following states, and don’t have any other non-resident states listed on your W-2 form, then you don’t have to worry about paying state income taxes at all: Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming.

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Amazon To Build More Whole Foods Locations

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One person familiar with the plans told the Wall Street Journal that in the Rocky Mountain region Whole Foods employees have visited retail spaces in Idaho, the southern part of Utah and Wyoming, areas where Whole Foods doesn’t have a presence. Amazon is reportedly gearing up to expand the number of Whole Foods stores around the country to enable more customers to use its speedy delivery service, reported the Wall Street Journal.

GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Closer to home, in Wyoming, a bill has debuted in the state legislature to create a FinTech sandbox. According to the reports, Medici Land Governance , a blockchain subsidiary of online retailer Overstock.com , has signed a Memorandum of Understanding (MOU) with Teton County, Wyoming to develop a blockchain-based land records and information platform this year. Late last week, the U.S.

World Central Bankers Discuss Alternatives To The Dollar

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The Jackson Hole, Wyoming, conference was comprised of current and former central bankers, including Bank of England Governor Mark Carney , who has challenged the dollar’s position as the world’s reserve currency. The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug.

Payroll Considerations: When an Employee Dies

ThomsonReuters

Note that the following states do not have a state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. . The death of a loved one is a challenging time for a family. Not surprisingly, it’s also a challenging time for an employer.

PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

PYMNTS

In the eight states with no shelter-at-home orders – North Dakota, South Dakota, Nebraska, Iowa, Arkansas, Oklahoma, Wyoming and Utah – spending was still down, but by less.

The 10 Best Property Taxes By States in 2021: Move Here to Save Money!

LyfeAccounting

Wyoming. This is interesting because Wyoming actually has the lowest population out of any other state in the U.S. Wyoming only has a 0.61% property tax rate but that’s not the end of the story t here. if you love paying property taxes then this is not the post for you.

The 10 States With the Lowest Property Taxes in 2021

LyfeAccounting

Wyoming. This is interesting because Wyoming actually has the lowest population out of any other state in the U.S. Wyoming only has a 0.61% property tax rate but that’s not the end of the story t here. if you love paying property taxes then this is not the post for you.

Credit Card Companies’ Focus On Subprime Increases Rate Of Missed Payments

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In Oklahoma, missed payments of at least 90 days increased 12 percent, while, in Texas, it was up 10 percent and, in Wyoming, 20 percent in the third quarter compared to a year ago. Credit card companies have not been shy when it comes to lending to subprime customers , but according to new data from TransUnion, that strategy is starting to backfire for the credit card issuers.

Western Union Enables In-App Donations For US Customers

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We are grateful to have a partner that shares our mission of connecting loved ones,” said Gino Greco, Red Cross regional CEO for Colorado and Wyoming. “We

Digital Driver’s Licenses Are Put To The (Pilot) Test

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States like Colorado, Delaware, Idaho, Maryland and Wyoming, and even the District of Columbia, have already piloted the use of digital driver’s licenses in recent years. They could soon become a common sight where physical IDs are needed, according to Renee Krawiec, driver services senior supervisor at the Wyoming Department of Motor Vehicles (DMV), and Sarah Werner, communications manager at the Colorado DMV. “It’s Driver’s licenses have not changed much over the past few decades.

Think Tank Analysis Finds Current Federal Minimum Wage Rate at Lowest Value in 66 Years

ThomsonReuters

per hour), Idaho, Iowa, Kansas, Kentucky, North Carolina, North Dakota, New Hampshire, Oklahoma, Pennsylvania, Utah, Wisconsin, and Wyoming.

Fed Looks To Small Banks To Bail Out SMBs

PYMNTS

ANB Bank has billions of dollars in assets in Colorado, Wyoming and Kansas City, and chief executive Koger Propst said he’d already instructed workers to issue deferrals on loans for commercial, home and car properties for 3,700 customers. The Federal Reserve is looking toward a time-worn source to help with bailing out many smaller businesses and individuals as they enlist smaller regional and local banks for the job.

Pentagon’s Vendor Payments Eyed In Bipartisan Bill

PYMNTS

The publication said Wednesday (May 23) that Senator Ben Cardin of Maryland and Senator Mike Enzi of Wyoming introduced their bill earlier in the week that would require the DoD to pay small business contractors, as well as large contractors with small subcontractors, within 15 days of receiving an invoice whenever possible. Senators have introduced a bipartisan bill targeted at accelerating payments made by the U.S.

Burundi Prohibits Cryptocurrency Trading

PYMNTS

The Jackson Hole, Wyoming, conference was comprised of central bankers, both current and former. Saying it can’t provide users of cryptocurrencies protection in case of trouble, Burundi banned the trading of digital currencies in the country, Bloomberg reported. A director at the micro-finance department of the central bank, Alfred Nyobewumusi, reportedly noted that some Burundians lost funds during the trading of crypto and wanted the government to step in.

Who Should Lead The Digital ID Push?

PYMNTS

States like Colorado, Delaware, Idaho, Maryland, Wyoming and even the District of Columbia are currently testing or have already piloted the use of digital drivers’ licenses. According to Renee Krawiec, driver services senior supervisor at the Wyoming Department of Motor Vehicles (DMV), and Sarah Werner, communications manager at the Colorado DMV, the general public definitely has interest in digital drivers’ licenses , but challenges did emerge in the pilot phases.

DOE: Cyberattack Interrupted US Electrical Services

PYMNTS

The affected power company provides electricity to Los Angeles, Salt Lake County in Utah and Converse County in Wyoming. The Department of Energy (DOE) has confirmed that a distributed denial-of-service attack (DDoS) perpetrated against an energy company caused “interruptions of electrical system operations,” according to a report. The “cyber event” occurred on March 5 and lasted almost 10 hours.

How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

There’s no income tax in the following states: Alaska Florida New Hampshire* Nevada South Dakota Tennessee Texas Washington Wyoming. * – doesn’t tax regular income, but does tax the money you make from investments’ interest and dividends.

Online Holiday Spending Already A Record-Breaker

PYMNTS

Some of the top states by basket size were Alaska, California, New York and Wyoming. Christmas is just around the corner, and online holiday shoppers have been busier and spending more than ever, according to a new report. Online sales reached $80.3 billion from Nov. 1 to Dec. 6, according to data from Adobe Analytics – an increase of 18.6 percent from last year. It’s the largest online shopping period ever, beating out last year’s total of $67.7 billion.

More Than 200 Bankers Let Go At Wells Fargo

PYMNTS

With that in mind, it is currently hiring agricultural bankers in markets like California, Wyoming and Idaho. Sources have revealed that Wells Fargo has laid off more than 200 bankers in its U.S. lending division in recent months, with a focus on its agriculture and energy teams, Reuters reported.

Wells Axes 200+ Staffers From US Lending Units

PYMNTS

With that in mind, it is currently hiring agricultural bankers in markets like California, Wyoming and Idaho. Sources have revealed that Wells Fargo has laid off more than 200 bankers in its U.S. lending division in recent months, with a focus on its agriculture and energy teams, Reuters reported.