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5 Ways Firms Can Support Entrepreneurs in 2024

CPA Practice

What’s more: 65% of them say a smaller tax refund this year would make it harder to start their business or side hustle. If you’d like to convert your individual taxpayers into small business accounting clients, consider helping entrepreneurial hopefuls fund their business idea with a bigger tax return.

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Justworks Secures $40 Million For Payroll, HR Solutions

PYMNTS

based B2B FinTech, has raised $40 million in venture capital, according to TechCrunch reports on Tuesday (March 6). In 2016, Justworks announced its entrance into the small business accounting and legal services space via collaborations with accounting and tax company inDinero and online legal services marketplace LawTrades.

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Suppliers’ Late Payments Woes Expand Across Borders

PYMNTS

Small businesses’ late payment pains know no borders. This week’s B2B Data Digest uncovers the global cash flow threat of extended supplier payment terms, with the matter reaching from the U.S. 91 percent of South Africa SMBs faced a late payment last year , according to research from small business accounting platform Xero.

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Scotiabank, Royal Bank of Canada Shutter Marijuana SMB Accounts

PYMNTS

Scotiabank and Royal Bank of Canada announced they will no longer provide banking services to these businesses and will close existing bank accounts for small businesses in the marijuana industry. One small business owner described the decision as “insulting.” Across the border, in the U.S.,

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How SMB FinTech Firms Boost Data Sharing Without Open Banking

PYMNTS

As banks and other players develop custom APIs to facilitate connectivity, even when not legally mandated to do so, other companies are deploying another strategy. ” It was the latter for Wave, which recently acquired small business account and debit card solutions provider Every. But in jurisdictions like the U.S.