Small Business News
FinTech News
IRS Reportedly Cracking Down on Unreported Crypto Income
Following the big Bitcoin boom of 2017, April 2018 saw several reminders that cryptocurrency gains needed to be reported on tax filings. Of course by that time the price of Bitcoin was about half of what it was just a few months before. Nevertheless it seems that the IRS is still intent on getting crypto owners to comply — and now, according to the Wall Street Journal, they're cracking down...
FinTech News
Q2 2019 Sets Record for $100 Million+ FinTech Fundings
Over the past few months, it seems as though several FinTechs have managed to close impressive funding rounds. From FinFit's $7 million Series B last month to Affirm's whopping $300 million Series F back in April, observers could probably guess that's it's been a fairly good month for these startups. Now a new study from CB Insights shows that has been the case overall, although there are some sore spots...
Economic News
Mortgage Refinances Soar as Interest Rates Fall
Homeowners looking to decrease their monthly mortgage payments by refinancing at a lower interest rate may be in luck. However it seems the secret is already out. As CNN Business reports the number of homeowners refinancing their mortgages has boomed as the average mortgage rate reaches multi-year lows. According to the Mortgage Bankers Association, the average current interest rate on a 30-year fixed-rate mortgage of $484,000 is 3.93%. This marks...
Small Business News
Survey Finds Three-Quarters of Small Businesses Give to Communities
Being a small business owner means more than just running a store or offering a service. More often than not, it also means being a part of a community and having a positive influence. That belief was on full display in a recent study by TD Bank that found nearly three-quarters of small businesses give back to their communities by supporting local charities and causes. TD Bank's study surveyed the...
Money Management Tips
5 Personal Finance Numbers You Should Know (And Tools for Tracking Them)
If you've ever watched an episode of Shark Tank, you've probably heard at least one of the show's panelist tell the on-the-spot entrepreneurs that they need to know their numbers. As they explain, these figures can often tell you a lot about the health of a business and knowing them is an important first step in improving them. Not surprisingly, this lesson can apply to everyday personal finance as well. While...
Personal Finance News
Apple Card Reportedly Approving Some Subprime Applicants
With the highly-anticipated Apple Card rolling out to some iPhone users (with many more to come), we're learning a bit more about the card and some of its unique features. However one of the more interesting stories to emerge so far involves who is getting approved for the new card. As CNBC reports, it seems Apple and its partner bank Goldman Sachs are reaching the subprime market, with applications maintaining...
FinTech News
