article thumbnail

Today In B2B: TD's New Commercial Bank; FLEETCOR's AP Acquisition

PYMNTS

Today in B2B payments, TD Bank forms the new Commercial Bank, FLEETCOR acquires Roger, and City National Bank pairs up on virtual corporate cards. Plus, OnPay strikes accounts payable partnership and an OECD digital tax deal looms. FLEETCOR Buys AP Platform Provider Roger. Terms of the transaction were not disclosed.

B2B 52
article thumbnail

Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Close your accounts. You’ve probably already thought about closing your bank accounts, but that’s not the only area where you need to get things sorted. Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

. $115,000 worth of fraudulent payments were reportedly made by former leaders of a small town in Missouri , the New York Times recently reported. The individual, who pleaded guilty to one count of wire fraud, was accused of abusing his position as an accounts payable clerk within the company’s accounting department.

article thumbnail

FBI Details Evolving Sophistication Of BEC Scammers

PYMNTS

“Now, the actors involved are a lot more sophisticated and share intelligence and organized networks,” said Michael Driscoll, who is the special agent in charge of cyber-and-counterintelligence at the FBI’s New York unit.

article thumbnail

Tax Season Adds Extra Fraud Weight For SMBs

PYMNTS

41 percent more ransomware attacks were initiated last year , the New York Times reported, citing data from Emsisoft, with 205,280 businesses losing access to their data as a result. 75,000 is the average loss of a BEC scam , new data from the FBI has revealed. billion in total cybercrime-related losses for the year.

Tax 65
article thumbnail

AP Automation’s Role In Paying The Gig Economy

PYMNTS

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy.

article thumbnail

B2B Payments: Moving From Inertia To Ignition

PYMNTS

Today, some of the industry’s biggest players will converge in New York City at this year’s PYMNTS B2B Payments Executive Forum , with Visa as presenting sponsor. There is no straight line to killing the check, but in the path to B2B payments innovation, a plethora of possibilities emerges.

B2B 59