Mon.Oct 11, 2021

The Tax Score of Winning


Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more traditional ways to gamble and play the lottery. If you’re lucky enough to win, be aware that tax consequences go along with your good fortune.

NEW REPORT: Capturing the Global Cryptocurrency Payments Opportunity


Consumers and businesses alike are expressing more curiosity surrounding emerging payment methods after a year of rapid change to common shopping and banking practices.

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Trending Sources

OECD Announces Consensus on Global Minimum Tax



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NerdWallet IPO Filing Shows 21M Unique Visitors Per Month 


The pandemic had many people scrambling for answers about financial health and guidance. And like many a FinTech before it, NerdWallet, the personal finance company, has found it an opportune time to go public.

Employee Safety During COVID-19: Compliance Toolkit

Stay compliant with Paycor’s COVID-19 Action Plan FAQs and templates toolkit.

Accounting for Foreign Exchange Transactions



Startups Look to Tap Into Africa’s Telehealth Opportunities


African telehealth is looking like it could hit a boom with more mobile connectivity and better innovations to bridge the doctor-patient ratio gap, a report says. MPharma , a Ghanaian startup, is looking to open 100 virtual centers across seven African markets in the next six months.

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Customers Cite Trust and Security as Restraining Factors in Adopting Digital-Only Banking Service


Banking customers have made it evident in a PYMNTS study that convenience and ease of use provided by technology-based services are of utmost value to their experience, which is a deciding factor in making a banking choice.

The Rare Breed of Tech CFO, Investor and Consultant




EBA, SWIFT, TCH, Collaborate To Make Cross-Border Payments Faster


EBA CLEARING, SWIFT and The Clearing House (TCH) are collaborating on a new initiative, Immediate Cross-Border Payments (IXB), to speed up cross-border money transfers and make the process easier.

Questions to Ask When Looking for a CPA


Running your own business can be tough. Between handling staffing issues, overseeing the procurement of essential resources, and planning your next marketing campaign, you might be stretched thin — not to mention all of that dreaded accounting work that you have to do to keep your books up to date!

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Path to Becoming a CFO with Kelly Steckelberg, CFO at Zoom

Speaker: Jeff Epstein, Veteran Tech CFO, and Zoom CFO, Kelly Steckelberg

Join us for this very special conversation between veteran tech CFO, Jeff Epstein, and Zoom CFO, Kelly Steckelberg. The session gives us an opportunity to showcase the changes over time for CFOs, and draw comparisons between enterprise and fast-growing, early-stage companies.

Walmart Partners With Netflix on New Product Lines


Walmart and Netflix are joining forces to bring products celebrating some of the streaming service’s most popular kids’ shows to store shelves across the country in a partnership they’re calling the Netflix Hub, according to an announcement on Monday (Oct.

The Best People Work Here


“Great vision without great people is irrelevant.” ” – Jim Collins. Hopefully, you have worked very diligently on building a brand that attracts and retains clients. You have testimonials that stress the fact that your firm is knowledgeable, progressive, and meets your client’s expectations for awesome service. You have experts in many disciplines and are also very active in community and charitable organizations.


Latino-Focused Lender Oportun Scraps Bank Charter After CFPB Probe


Oportun , a specialist in low- to moderate-income lending, which services many Latinos, has withdrawn its application for a bank charter.

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These are the women in Miami tech you need to know | South Florida Business Journal


The Miami tech movement wouldn’t be what it is without the women founders, executives, nonprofit leaders, and venture capitalists who have spent years championing the region’s innovation community. An article by Ashley Portero, Senior Reporter, South Florida Business Journal. Read more here . These are the women in Miami tech you need to know. The post These are the women in Miami tech you need to know | South Florida Business Journal appeared first on Xendoo.

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

US Will Regulate Crypto, Dimon Says


The U.S. will begin regulating cryptocurrencies as unease about stablecoins and crypto in general grows in Washington, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon predicted Monday (Oct.

NBA Players’ Health And Welfare Benefit Plan Defrauded


Last week Thursday, 19 people were charged in federal court with defrauding the National Basketball Association Players’ Health and Welfare Benefit Plan of almost $4 million. The charges are conspiracy to commit health care fraud and wire fraud. One defendant, Terrence Williams, is also charged with aggravated identity theft. The health and welfare benefit plan for the NBA players was launched in 2017. It offers benefits to retired players who were in the league for at least 3 years.,

China Imposes More Supervision Over Payments Ecosystem


China’s Central Bank has penalized 1,436 banks and payment companies and levied fines totaling 1.13 billion yuan — or $176 million — since 2016, the bank’s deputy governor said at the recent China Payment and Clearing Forum. As the website Pandaily reported on Monday (Oct.

Firm culture checklist


Company culture is a growing concern for employees, customers, and employers. It’s proven to be a key element in the age of remote work and the “Great Resignation”. It’s time to ask yourself, “What is our culture?” Is it in inline with the goals and values of your company?

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Rethinking the Concept of the Employee: How Outsourcing Can Help Grow Your Accounting Business

Speaker: Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP

The very mention of the word "Outsourcing" is enough to send shivers down the employee spine. However, this gut reaction - while understandable - is merely based on misconceptions. Outsourcing does not necessarily mean mass layoffs and transplanting offshore. Rather, it could be utilized as an employee-friendly way to assuage an overburdened staff, relieve productivity bottlenecks, and stimulate growth. Join Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP, for this enlightening discussion on the ins and outs of outsourcing, and what it can do for your practice.

Business Impact to Emerging Market SMBs of Facebook Outage Just Starting to be Known


Panic, agony, torture, stress – those are some of the words users around the world had to describe last week's six-hour global outage, from 4 p.m. GMT (11 a.m. ET) until around 10 p.m. GMT on Monday (Oct. 4), during which social media services Facebook, WhatsApp and Instagram were down.

Bitcoin Daily: Pantera CEO Hesitant on Bitcoin ETF; Bitcoin Price Keeps Going Up; Futureswap Raises $12M, Bitcoin’s Two-Week Rally Pushes Prices Above $57K


Pantera Capital CEO Dan Morehead said the cryptocurrency market is doing well, although a possible new bitcoin exchange-traded fund (ETF) could jeopardize the progress, Decrypt reported.

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Separation of Store, eCommerce Operations Draws Increasing Interest


Decades ago, when consumers had only one way to shop — in store — retailers were able to focus all their efforts on optimizing that experience.

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Paper Checks’ ‘Long Tail’: What It Takes to Move B2B Into the Digital Age 


To paraphrase Mark Twain, the death of the check – the paper kind – has been greatly exaggerated. Stubborn things they are – certainly they’ve found wide berth in B2B payments, even though their overall usage has been declining. The pandemic, though, has not been the nail in the coffin.

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7 Ways to Manage a Talent Shortage

In this whitepaper, Paycor examines the top 7 things you can do to out-maneuver your competition and win the war for talent in the coming months.

'No Surprise Act' Could Bring Unexpected Transparency, Innovation to Healthcare Payments


The No Surprise Act (NSA) and Transparency in Coverage rule recently issued by the Biden Administration is sending ripples through the healthcare sector, with firms racing to create new digital tools that enable consumer choice while bringing efficiency and clarity to the payments process.

China Probes State Banks for 'Political Deviations'


China’s president is taking a closer look at the connections between his country’s state banks and larger private-sector operators in an effort to clamp down on capitalist forces. That’s according to a Monday (Oct.

Main Street Merchants’ Employment, Wages and Locations Near Pre-Pandemic Levels


Main Street merchants remain resilient and are even thriving 18 months into the pandemic, but they're not quite back to "business as usual." That won't happen until those merchants get their workforces back and the threat of COVID-19 dissipates.

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The Pandemic Has Made Restaurants’ Corporate Offices More Open to Franchisees’ Digital Efforts


Across corporate communications, since the start of the pandemic, restaurants’ c-suite executives have been emphasizing a narrative of collaborations with their franchisees through this difficult period.

10 Pragmatic Guidelines to Inspire Trust in Your Accounting Firm During COVID Times

Speaker: Javier Goldin, Managing Partner at Goldin Group LLC

The accounting profession has been moving from transactional to advisory work. Advisory work is based on relationships and an ongoing dialogue. The pandemic has forced many firms into a remote environment. The implicit trust of a face-to-face interaction is gone. So how do you rebuild or reproduce that trust, key to a relationship, in a remote environment. Can it be done and if so how to best execute? Join Javier Goldin, Managing Partner at the Goldin Group, LLC, for this enlightening discussion on the elements of engendering trust.

EarnWealth Grabs $500K in Pre-Series Funding


Social commerce FinTech startup EarnWealth recently raised Rs 3.5 crore ($500,000) in Pre-Series A funding at a valuation of Rs 50 crore (more than $6.6 million), according to a YourStory report on Monday (Oct. EarnWealth, which was launched in 2014 by Rajesh P.

Today in B2B: ClearBank Debuts Multi-Currency Package; Esker Focuses on Improved Cash Flow Management


Today in B2B payments, research shows 15 percent of B2B receivables arrive late, and ClearBank expands its offerings for financial institutions and FinTechs that operate in multiple currencies.

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Rising Cotton Prices Intensify Headwinds for Apparel Brands


Cotton prices have hit a 10-year high, adding to the myriad issues facing apparel brands as they try to navigate increased transit times, factory shutdowns and other rising costs across the supply chain ahead of the holiday season, along with preparations for spring merchandise production.

Personal Loans Fill Cash Flow Void for Paycheck-to-Paycheck Consumers


There’s been a confluence of events to set the stage for retail banking’s disintermediation — and for the growth in lending facilitated by online platforms to continue.

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Managing Security Issues with a Remote Workforce while Continuing to Grow Your Practice

Speaker: Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown

In this discussion, Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown, will share his perspective on what he witnessed during this period of change – the good and the bad, and he’ll share some of the best practices for security and privacy in our space around technology and innovative advisory offerings in this new world.