Complimentary Banking Newsletter Bank News Industry Insights & Info

Archive for March, 2012

Swiss Bank Account Information To Be Turned Over by Credit Suisse

Posted by Levi Dynon On Mar - 31 - 2018

The Swiss Federal Tax Authority (SFTA) has ordered Credit Suisse to submit offshore bank account information in response to an IRS request for assistance, according to a New York Times article. Credit Suisse has notified some of its offshore account holders by letter about the order. Apparently the order is not directly related to the IRS negotiations going on with approximately 11 Swiss banks to turnover the names of all of their U.S. clients. Instead, it appears from the New York Times article that these requests relate to individuals who the IRS already has reason to believe have foreign bank accounts. If that is the case then it may be too late for these individuals to file a voluntary disclosure with the IRS to attempt to escape criminal penalties.

Earn Passive Income with Mr. Rebates

Posted by Jorja Marion On Mar - 30 - 2018

I receive passive income monthly from Mr. Rebates and you can earn passive income from Mr. Rebates too. Mr. Rebates is an online shopping mall where you get cash back rebates and money saving coupons on purchases from hundreds of participating online merchants. You can get up to 30% cash back. They usually have one of the highest percentage cash back available for most stores.

That is a great benefit by itself but they also allow you to earn passive, residual income by referring new members to Mr. Rebates. Once a new member signs up from a qualifying referral link or uses your email address as their direct referrer, that new member becomes your direct referral which can be found on your My Referrals page. When your direct referral earns cash back rebates at Mr.

No Income Mortgages

Posted by admin On Mar - 29 - 2018

Opting for this type of mortgage depends a lot on what kind of a job you have. This plan is ideally suited for waiters, bartenders, or a server. In other words, people who earn tips on a regular basis. If you think you can repay the loan with the amount of tips you get, this option can be beneficial to you. Otherwise, opt for conventional mortgage plans which are lower rate plans.

If you own a business or self-employed and if your credit standing is good, this type of plan would be ideal. Before arranging for mortgages, since it is a money-lending business, extra care and attention should be taken to collect all information regarding the interest rates and your ability to pay back that amount in terms of the loan.

The Benefits of the RBC MyProject MasterCard

Posted by Jesse Shand On Mar - 26 - 2018


Last week the Royal Bank of Canada (RBC) released a new poll, which doubled as the launch of a brand new credit card, the RBC MyProject MasterCard.

To recap, the RBC MyProject MasterCard is a credit card that gives you the convenience of a credit card and the security of a loan. This credit card is ideal for anyone looking to renovate their home. The fact is, the RBC MyProject MasterCard is a flexible way to finance a specific project you have in mind.

As I mentioned, the RBC MyProject MasterCard offers you the use of a credit card, with the security and repayment schedule of a fixed or variable rate loan.

With the RBC MyProject MasterCard you are able to get the following features:

  • A credit limit of $10,000 to $40,000; there is a pre-determined interest rate and a structured payment plan.
  • Make no payments and accrue 0% during your 6 month purchase period.

Standards Clarifying When Federal Employment Taxes Are Paid By Employee Leasing Companies Or By The Employer

Posted by Levi Dynon On Mar - 21 - 2018

The one determined to be the employer under a multi-factor common law test or under specific statutory provisions generally has the obligation for Federal employment taxes. For example, a third party that is not the common law employer can be a statutory employer if the third party has control over the payment of wages.

In addition, certain designated agents who prepare and file employment tax returns using their own name and employer identification number are jointly and severally liable with their principals for employment taxes with respect to wages paid to the principals’ employees.

In comparison, reporting agents who prepare and file employment tax returns for their clients using the client’s name and employer identification number payroll service providers acting are usually not liable for the employment taxes reported on their clients’ returns.

Reasons for Change

Is the employee leasing company or its client is liable for unpaid Federal employment taxes arising with respect to wages paid to the client’s workers? When an