TaxConnex

NOVEMBER 24, 2020

One state’s efforts to join the Sales and Use Tax System (SUTS) and another state’s lawsuit against a world-famous auction house highlight recent challenges in the sales tax world. Notable Colorado home-rule jurisdictions have agreed to participate in the Sales and Use Tax System (SUTS), meaning Colorado taxpayers and those selling into the state may soon face more sales tax collection and filing responsibilities.

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Sales Colorado Tax New York 130

PYMNTS

NOVEMBER 24, 2020

Bitcoin continued its price climb today (Nov. 24), rising above $19,000 in the morning, CNBC reported. At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017. While that price apex was followed by a bubble burst and bitcoin fell to $3,122 in 2018, analysts and crypto fans predict this wave is different.

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CTP

NOVEMBER 24, 2020

Whether you’re just entering your accounting career or reinventing a tired business, the road ahead can seem quite long. Starting and growing an accounting and tax business from the ground up (like building any other business) can take time and hard work. Finding those first few regular clients can be a daunting task, and many […]. The post Pro’s and Con’s of Starting and Growing an Accounting and Tax Business appeared first on certifiedtaxcoach.

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Tax accounting careers Account accountant 98

PYMNTS

NOVEMBER 24, 2020

At a time when the global pandemic and ensuing economic upheaval have blurred the boundaries between traditional means of payment, the CEO of global payment- and banking-solution provider i2c says the biggest business opportunity ahead will be in credit, with mobile becoming the biggest game-changer. “The stars of financial services in 2021 will have something to do with credit,” i2c CEO Amir Wain told Karen Webster, saying the days of the simple checking or demand draft accounts (DDA) are over.

Gaming 124

Gaming Technology Account accountant 124

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FusionCPA

NOVEMBER 24, 2020

It's that time of the year again where businesses are preparing their end-of-year tax. Corporate income tax is the third largest source of revenue for the federal government. While the amount collected for corporate income tax pales when compared to individual income tax or payroll tax, it still accounts for 1.1 percent of the US GDP. US corporations are taxed at a rate of 21 percent by the United States government.

corporation tax 52

corporation tax tax planning Tax income tax 52

PYMNTS

NOVEMBER 24, 2020

FinTech Stripe is considering a funding round to value it higher than the $36 billion it got on its last round, Bloomberg reports. According to people familiar with the discussions, the new valuation could hit as much as $70 billion or maybe as much as $100 billion, Bloomberg said. If it got as high as $100 billion, it would make Stripe one of the most valuable venture-backed startups in the country, Bloomberg reported.

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Sales Retail 117

PYMNTS

NOVEMBER 24, 2020

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. This is leading many to utilize two-factor authentication (2FA) methods to safeguard customers’ personal information. Sixty-two percent of consumers say they prefer onboarding experiences that put security first and speed second, but this does not mean that businesses an

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Sales California Retail Technology 108

KROST

NOVEMBER 24, 2020

In the last few months of the year, it is important to consider year-end tax planning opportunities, as many may provide both immediate and long-lasting financial benefits. This year has brought unique challenges and significant change. Businesses that have not yet explored year-end tax planning should take an immediate inventory of their situation to ensure they are sufficiently informed and well-positioned to minimize current and future tax burdens.

tax planning 52

tax planning Tax California income tax 52

PYMNTS

NOVEMBER 24, 2020

The pandemic is reshaping banking. In an interview with PYMNTS, Jeremiah Lotz , managing vice president, digital experience and payment products at PSCU , said the increasing use of analytic technology, mobile banking and platform models can help credit unions (CUs) anticipate the financial needs of their members — and even compete more effectively with larger banks in the process.

Education 107

Education accounting and finance Technology Account 107

KROST

NOVEMBER 24, 2020

As year-end approaches, it is wise to think of planning moves that will help lower your tax obligations and provide financial relief. Year-end planning for 2020 takes place against the backdrop of the 2017 Tax Cuts and Jobs Act (TCJA) and the 2020 CARES ACT. The TCJA had major changes in the tax rules for individuals. There were new, lower income tax rates, a substantially increased standard deduction, severely limited itemized deductions and elimination of personal exemptions, an increased chil

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tax planning Tax income tax Real Estate 52

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PYMNTS

NOVEMBER 24, 2020

Digital auto insurer Metromile plans to go public by merging with publicly traded INSU II (Nasdaq: INAQ), a special purpose acquisition entity sponsored by Cohen & Company (NYSE: COHN). Under the deal, INSU II will combine with Metromile for approximately $842 million in INSU II Class A common stock, up to $30 million in cash and an additional 10 million Class A shares if certain price targets are met.

Arizona 105

Arizona Pennsylvania Technology Washington 105

Withum

NOVEMBER 24, 2020

Tax 97

Tax tax planning 97

PYMNTS

NOVEMBER 24, 2020

The pandemic has been bad news for just about everyone over the past several months, but that doesn’t mean it’s been equally bad all around. Restaurants and convenience stores rank among the hardest hit, Paytronix Co-founder and CEO Andrew Robbins told Karen Webster in a recent conversation. They’ve been forced to redesign their operations around digital services nearly overnight in response to shutdowns, he said, but face the real possibility that they’ll be driven out of existence by mega-dig

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Start-ups Sales Retail 102

LSLCPAs

NOVEMBER 24, 2020

After nearly eight months, significant uncertainty about the Paycheck Protection Program Loans remains. The Bad News On November 18, Treasury and the Internal Revenue Service released Revenue Ruling 2020-27 and Revenue Procedure 2020-51. Both of these confirm their earlier position expressed in Notice 2020-32 that expenses paid with funds from […].

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cpas Finance Tax Account 52

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

Technology

PYMNTS

NOVEMBER 24, 2020

The holiday shopping season isn’t just going to be very different than any that have come before it. In some ways, it already is. For many consumers, the holiday-shopping rush kicked off in October with Amazon Prime Day and has continued as “Black Friday” sales started popping up before Halloween decorations had even come down. But top industry experts told Karen Webster during PYMNTS’ latest “On The Agenda” panel that the hurdles for retailers are only beginning.

Retail 100

Retail Start-ups payroll Education 100

RitaKeller

NOVEMBER 24, 2020

“When virtues are pointed out first, flaws seem less insurmountable.” – Judith Martin. Recently, I read a tweet posted by Dan Rockwell ( @Leadershipfreak). He said, “Why take the wind out of someone’s sails with unnecessary corrections and criticisms? Using criticism to motivate is futile.” In accounting firms, there is a history of criticizing people, especially beginners.

cpas 40

cpas accounting firms Tax Account 40

PYMNTS

NOVEMBER 24, 2020

After launching one of the more innovative business models in the digital-first space, fashion rental platform Wardrobe is expanding. With its recent purchase of Dallas-based Rent My Wardrobe, it is gaining a geographic footprint in the southern U.S. and expanding its presence in what its founder calls the “peer-to-peer” fashion space. “The acquisition came together very quickly, and made a lot of sense,” Wardrobe CEO and Founder Adarsh Alphons told PYMNTS.

Start-ups 98

Start-ups Retail 98

Withum

NOVEMBER 24, 2020

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PYMNTS

NOVEMBER 24, 2020

FinTech, digital banking, saving, N26, banking, news, what's hotGerman FinTech N26 is launching a subscription-based digital banking suite to help individuals and businesses better manage their savings and spending. The premium subscription solutions — N26 Smart and N26 Business Smart — integrate new money management features like Round-Ups and dedicated phone support.

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Start-ups Account accountant accounted 92

Withum

NOVEMBER 24, 2020

Tax 59

Tax tax planning 59

PYMNTS

NOVEMBER 24, 2020

Record sales following a massive staff reduction prompted point-of-sale (POS) restaurant technology (ResTech) startup Toast to hold a share purchase offering on an $8 billion valuation. A Toast spokesperson told CNBC on Tuesday (Nov. 24) that, “in order to support our employees and former employees as they navigate the impact of Covid-19, we did complete a secondary offering recently.” .

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Technology Sales 92

Withum

NOVEMBER 24, 2020

Tax 52

Tax 52

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Technology

PYMNTS

NOVEMBER 24, 2020

Nordstrom crossed a critical digital-first economy threshold in its earnings announcement on Tuesday (Nov. 24). It became the first brick-and-mortar retailer to earn the majority of its revenue from eCommerce as 54 percent of its third-quarter take came from digital channels. “We view this as a fundamental shift in shopping behavior, and we are well-positioned to support our customers across both Nordstrom, and Nordstrom Rack (outlet stores) with a scalable platform that has been built to suppor

Retail 88

Retail Sports Sales Tax 88

PYMNTS

NOVEMBER 24, 2020

In today’s top payments news around the world, Western Union has expanded its real-time digital payout capabilities, while Visa has wrapped up its acquisition of YellowPepper. Plus, the eurozone economy is backsliding amid a second lockdown. Western Union Expands Real-Time Digital Payments To 100 Countries. Western Union just took another large step in the direction of bolstering its expanding digital payments arsenal.

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Account accountant accounted 85

PYMNTS

NOVEMBER 24, 2020

With restaurant dining rooms closed and Americans forced to rely on their own abilities as home chefs over the last eight months, meal kits have caught a second wind in the pandemic economy. As it turns out, the average person only has so many recipes stored in their mental cookbook, and within a few weeks of eating them on repeat, consumers rapidly found that they needed the kind of outside guidance that meal kits provide.

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Texas Sales Retail Technology 85

PYMNTS

NOVEMBER 24, 2020

Point-of-sale restaurant technology startup Toast recently held a secondary share offering that reportedly valued the company at $8 billion as restaurants and ResTech rebound from COVID-19 lockdowns’ depths. CNBC this week cited unnamed sources as saying that Toast held the sale to let current and former employees cash out up to 25 percent of their vested shares at $75 apiece.

Kansas 80

Kansas Sales Technology 80

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PYMNTS

NOVEMBER 24, 2020

FinTech startup Plaid is partnering with banking platform Jack Henry & Associates to advance the Plaid Exchange for more than 350 financial institutions (FIs). “We developed Plaid Exchange to make open finance as simple as possible for financial institutions — no matter their size,” Niko Karvounis , Plaid head of product, institutions said in a statement on Tuesday (Nov. 24).

accounting and finance 79

accounting and finance Finance Start-ups Technology 79

PYMNTS

NOVEMBER 24, 2020

Li Keqiang , Chinese premier, forecasts that the country could return to normal economic activity by next year, Reuters reports. Speaking at a news conference with leaders of six major international economic and financial groups, including the World Bank and International Monetary Fund, Li said the country's economy “this year can achieve positive growth, and we expect next year (economic) operations can recover to a reasonable range,” Reuters reports.

Finance 78

Finance Technology 78

PYMNTS

NOVEMBER 24, 2020

The U.S. Centers for Disease Control and Prevention (CDC) is finalizing its recommendations for shorter quarantine times after potential COVID-19 exposure, The Wall Street Journal (WSJ) reports. The new quarantine time would be between seven and 10 days if one learns they've potentially exposed to the coronavirus, down from 14 days, the standard since the pandemic began.

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Account accountant accounted 74

PYMNTS

NOVEMBER 24, 2020

U.S. challenger bank Current has raised $131 million in a Series C funding round, according to a press release. The round was led by Tiger Global Management , while new investors Sapphire Ventures and Avenir also contributed alongside existing investors Foundation Capital , Wellington Management Company and QED Investors. Current has had a good year, seeing its member base double in less than six months, now past 2 million members.

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Account accountant accounted 74

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