MyIRSRelief

JANUARY 8, 2021

Americans living abroad, expatriates, are not immune from having to pay US Federal Income Tax and even some states do as well. Unfortunately, there are some people who mistakenly think that as soon as they leave the United States that they are no longer responsible for paying taxes. They soon discover that is not the case when they receive a letter from the IRS stating that they are delinquent on filing their taxes.

Tax 147

Tax tax preparation income tax tax planning 147

PYMNTS

JANUARY 8, 2021

Robinhood is considering selling shares directly to its users if it opts to hold an initial public offering (IPO). The FinTech group is reportedly mulling setting aside a significant number of shares for users if it goes public, but it has yet to make any final decisions, according to Bloomberg, who cited unnamed sources. Bloomberg notes that such an offering would be unusual, as retail investors generally do not get an opportunity to participate in an IPO at the offering price.

Massachusetts 145

Massachusetts accounting and finance Legal Retail 145

KROST

JANUARY 8, 2021

Jean Hagan ( Principal, Restaurant / Business Management ) and Paren Knadjian ( Practice Leader, M&A, and Capital Markets, PPP Forgiveness ) are hosting a free webinar with the California Restaurant Association (CRA) , on the PPP Second Draw Program. Join our restaurant accounting and consulting experts on Thursday, January 14th at 10AM PT as they provide an in-depth look at the Paycheck Protection Program Second Round and what that means for restaurant owners and operators.

California 54

California Hospitality accounting and finance Finance 54

PYMNTS

JANUARY 8, 2021

Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow activity, the coronavirus has foisted a lot of change on the financial services industry in a short amount of time. “A lot of what the pandemic did was force our industry to truly be digital, to facilitate frictionless transactions,” TCH Senior Vice President Elena Whisler said in a recent conversation

Education 139

Education Account accountant accounted 139

Advertiser: Paycor

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Withum

JANUARY 8, 2021

111

111

PYMNTS

JANUARY 8, 2021

Roughly 8 million stimulus check Visa debit cards are being mailed to households this week, the U.S. Treasury Department said in a press release on Thursday (Jan. 7). . The Economic Impact Payment (EIP) cards were issued by MetaBank, N.A. as part of the second round of COVID-19 stimulus money. Stimulus funding under the CARES Act totaled more than $270 billion.

tax return 129

tax return Tax Government 129

PYMNTS

JANUARY 8, 2021

Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million. Kount’s staff members will become a part of Equifax’s United States Information Solutions (USIS) business unit and will still be based in Boise, Idaho, according to a Friday (Jan. 8) announcement.

Idaho 118

Idaho Technology 118

Withum

JANUARY 8, 2021

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98

PYMNTS

JANUARY 8, 2021

Even though he thinks waves of the coronavirus will be around for at least another year or two, LeanTaaS CEO Mohan Giridharadas said that at least one side effect of the pandemic could affect the healthcare system forever. “I think what COVID has done is put a bright spotlight on how hard it is to manage [healthcare] capacity and how easily a system that is operating on the edge of capacity can get overwhelmed,” Giridharadas said in a recent conversation with PYMNTS.

Healthcare 115

Healthcare Hospitality Manufacturing Maine 115

RitaKeller

JANUARY 8, 2021

“Farming looks mighty easy when your plow is a pencil and you’re a thousand miles from the cornfield.” – Dwight D. Eisenhower. Holidays are over. It is the first “work” Friday in 2021. The holiday hassles are a distant memory and the trauma of the last few days has subsided some. So, again in 2021, I will offer you a flashback post on some Fridays.

cpa firm 40

cpa firm CPA Tax accounting firms 40

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

PYMNTS

JANUARY 8, 2021

Amazon has ended one of its first efforts to sell food online, with the eCommerce retailer closing its Prime Pantry service. Many items available under the Prime Pantry name in the past were integrated into its main website, Bloomberg reported. “As part of our commitment to delivering the best possible customer experience, we have decided to transfer [the] Amazon Pantry selection to the main Amazon.com store so customers can get everyday household products faster, without an extra subscription o

Maine 107

Maine Transportation Retail 107

Withum

JANUARY 8, 2021

64

64

PYMNTS

JANUARY 8, 2021

At a time of huge digital transformation when consumers have quicker access to more products and services than ever, why be clunky if you can be seamless? So goes the thinking of Jason Hogg , the recently hired executive vice president of the Preferred Leasing unit of Rent-A-Center, which is aiming to take the lease-purchase segment of the alternative credit market to the next level along with its recent acquisition of Acima.

Finance 106

Finance Retail Start-ups Sales 106

PYMNTS

JANUARY 8, 2021

The year 2020 meant big changes for retailers that had primarily defined themselves by physical interaction as brick-and-mortar merchants were forced to adapt to an eCommerce-focused world as their best option for holding on to their now homebound customer base. That digital dive was difficult for many sellers and gave a stiff advantage in the competition to those who began the race this year already digital-enabled and ready to meet the eCommerce customer’s increasingly exacting experience requ

Retail 104

Retail B2B Gaming Sales 104

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

JANUARY 8, 2021

Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan. 8). Rent for retail space in New York City took a nosedive amid the pandemic, dropping about 25 percent from the same period in 2019, as longtime retailers like Neiman Marcus and Century 21 shuttered stores.

Retail 99

Retail Real Estate New York 99

PYMNTS

JANUARY 8, 2021

Bright spots? In 2020? There were not many of them, we’ll admit. But there were incandescent pockets here and there, if you were an investor, and specifically if you invested in special purpose acquisition companies (more commonly known as SPACs). On Wall Street, of course, you need to follow the money to follow what’s in favor. And SPACs, hot in 2020, are, well, still hot.

Finance 94

Finance 94

PYMNTS

JANUARY 8, 2021

There's no doubt that the small business community is facing a period of immense tribulation. In addition to navigating forced shutdowns and supply chain disruptions, business owners are now tasked with making some difficult decisions about how to keep their business alive, or whether to throw in the towel. With so much financial hardship, the traditional avenues for funding that would otherwise be serving as vital lifelines for small and medium-sized businesses (SMBs) are often missing, and fir

Finance 92

Finance Maine Education Government 92

PYMNTS

JANUARY 8, 2021

For many businesses, the sudden shift to a work-from-home model created chaos. Organizations large and small were forced to migrate to online and cloud-based solutions to keep operations moving, often with significant friction. As firms start to settle into the new normal, however, business leaders have the opportunity to take a more deliberate and tactful approach to their digital transformation strategies.

Technology 87

Technology NetSuite B2B Expense Management 87

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Technology

PYMNTS

JANUARY 8, 2021

Today in B2B payments, ActiveWorx launches its B2B payment optimization tool, while PayJunction debuts an eInvoicing feature. Plus, U.K. debt collectors seek a bigger role in recovering SMB aid, Fides expands bank connectivity for treasurers and jobless claims dip slightly. ActiveWorx Introduces B2B Payments Offering on AP Platform. ActiveWorx, Inc.

B2B 86

B2B Technology Finance Government 86

PYMNTS

JANUARY 8, 2021

Blip? Or the start of a troubling trend? On Friday (Jan 8), we saw a disruption in efforts by U.S. businesses to create jobs, months into a global pandemic that, as is well-known, has disrupted Main Street SMBs’ operations. In terms of the headline numbers reported by the Labor Department (via the Bureau of Labor Statistics), non-farm payrolls dropped by 140,000 jobs – a significant departure from the 50,000 gains that had been expected.

Hospitality 84

Hospitality Maine Start-ups payroll 84

PYMNTS

JANUARY 8, 2021

CarLotz, Inc. said on Friday (Jan. 8) that it has attained the needed green light from its shareholders, including the go-ahead from a supermajority of minority shareholders, to finish a proposed merger with blank-check company Acamar Partners Acquisition Corp., according to an announcement. CarLotz will become a Nasdaq-listed public company under the “LOTZ” ticker symbol once the proposed merger is finalized.

Retail 80

Retail Sales 80

PYMNTS

JANUARY 8, 2021

In today’s top payments news around the world, the United States is halting tariffs on French products, while the Cyberspace Administration of China is considering a revamp of internet oversight regulations. Plus, the World Health Organization (WHO) is warning that Europe is likely entering an “acute” phase of the pandemic. US Trade Representative’s Office Suspends Tariffs On French Goods.

Hospitality 80

Hospitality Technology Tax 80

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PYMNTS

JANUARY 8, 2021

The Cyberspace Administration of China is considering a revamping of internet oversight regulations, rules that have not been updated in more than 20 years, according to a Reuters report on Friday (Jan. 8). China’s biggest internet watchdog is seeking out public opinion until Feb. 7 about how the rules should be revised in order to bring about expanded oversight for digital payments, eCommerce and livestreams.

Maine 68

Maine Start-ups Account accountant 68

PYMNTS

JANUARY 8, 2021

The pandemic is continuing to have a broad impact on the financial sphere at the start of the new year, with businesses as well as consumers adjusting their banking habits in response to shifting economic needs. Research indicates that consumers are recovering some of their financial confidence, with one report predicting a 64 percent year-over-year increase in new credit card applications in 2021.

Start-ups 65

Start-ups Retail Technology Sales 65

PYMNTS

JANUARY 8, 2021

The Small Business Administration (SBA) has released guidance on applying for the second round of loans being offered under the Paycheck Protection Program (PPP), which has been a lifeline for many small businesses during the pandemic recession. This time around, the SBA is prioritizing underserved groups such as minority-owned businesses and will only accept applications from community financial institutions during the first two days after its loan portal opens, said Lendio CEO Brock Blake in a

payroll 64

payroll Technology 64

PYMNTS

JANUARY 8, 2021

In today’s top retail news, CarLotz, Inc. says it has received the necessary approval from its investors to complete a potential merger with a blank-check company, while PriceSmart, Inc. reported a 7.7 percent rise in net merchandise sales from Q1 fiscal 2020 to Q1 fiscal 2021. Plus, Family Video said this week that its closing all of its physical retail locations.

Arkansas 64

Arkansas Retail Sales 64

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Finance

PYMNTS

JANUARY 8, 2021

Tesla shares accelerated some 5.6 percent, pushing its market capitalization over $800 billion for the first time, Reuters reported on Friday (Jan. 8). The rally pushed Tesla CEO Elon Musk to new status as the world’s richest man. Tesla’s Musk has now moved ahead of Amazon’s CEO Jeff Bezos and Facebook’s head Mark Zukerberg. In a previous rally, Tesla soared beyond some $774 billion, making it Wall Street’s fifth most valuable firm.

Entertainment 63

Entertainment Gaming 63

PYMNTS

JANUARY 8, 2021

It looks like another bit of consolidation in the wild world of grocery retail as Amazon has officially shut down its Prime Pantry services — rolling the shelf stable goods lineup to the main Amazon Website where they will be adorable as part of the general listing. Launched initially in 2014, Prime Pantry orders cost consumers a flat $5.99 shipping fee per box of groceries, which could be filled with up to 45 pounds of products or up to 4 cubic feet of stuff (whichever limit customers reached f

Maine 62

Maine Retail Sales 62

PYMNTS

JANUARY 8, 2021

Back in 1785, a fellow by the name of Evans invented the first fully automated industrial process — a water-powered flour mill. Automation’s long march to the present day finds automation grinding out new solutions to cash management issues during a topsy-turvy economic time. Among other topics extensively reported, PYMNTS' latest Global B2B Payments Playbook , done in collaboration with Worldpay B2B Payments , zeroes in on international B2B payments friction, and how digital invoicing and payme

Technology 61

Technology B2B accounts payable Manufacturing 61

PYMNTS

JANUARY 8, 2021

The U.S. economy should see a “meaningful economy recovery” in 2021 as vaccines battle the pandemic and fresh government stimulus kicks in, according to Chief Economist Jack Kleinhenz of the National Retail Federation (NRF). However, he doesn’t expect U.S. economic growth to return to pre-pandemic levels until late 2021, while the jobless rate might remain elevated until as late as 2023.

Retail 59

Retail Government Finance 59

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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.

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