Tue.Jan 19, 2021

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How to Choose the Right Sales Tax Provider

TaxConnex

Picking the right provider to handle your business’s sales and use tax compliance is a big decision. Dissatisfaction the norm? Many businesses are already working with an outsourced sales tax provider but are not completely satisfied. If you feel you could do better with a new sales tax compliance provider, you’re not alone. Almost three-quarters of financial leaders (71%) are unhappy with the way they manage sales tax, according to a recent survey commissioned by TaxConnex regarding concerns re

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Project Management Series: What is Project Management?

SMBAccountant

The term “project management” is often used in business to mean the general day to day actions associated with a project. This is only a portion of the overarching task of project management. Without a clear definition, projects can sometimes fail and there is not a clear reason as to why it happened. A trained project manager can add significant value to your business in addition to making sure daily tasks are completed.

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Trending Sources

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The Bank-FinTech Collaboration Model Goes Global

PYMNTS

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. This week’s look at the latest in bank-FinTech collaboration includes new partnerships in Australia, South Africa, India, Pakistan and across Europe, with many FIs bolstering the foundations of their SMB-serving infrastructures.

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Finding Employee Theft in Your Company

FraudFiles

Have you ever wondered how and when your employees are stealing from the company? Did you ever wish that you were a fly on the wall, hearing all of the conversations that led up to a group theft? Have you considered secret cameras throughout your workplace to catch employees in the act? Have you wondered what employees are discussing with one another via your internal messaging system?

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Planning Your Restaurants Path to Profitability

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.

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Banque De France Has Finished CBDC Trial

PYMNTS

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. A statement from the bank said the pilot involved a settlement on a private blockchain, which U.K. startup SETL provided, of around 2 million euros (about $2.4 million), per CoinDesk.

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New PPP Loan for 2021

LyfeAccounting

?. It’s finally happening! The PPP loan is being expanded for 2021. So if you are in a struggling small business and you need money so that you can survive for the next few months, t hen please take advantage of the Paycheck Protection Program otherwise known as the PPP loan. It refers to a loan that if used for certain qualified expenses, can be forgiven thus being converted into a grant.

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More Trending

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Significant Exempt Organization Relief in New COVID-19 Bill

Withum

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How The B2B Mid-Market Drives Loyalty Through Online Payments

PYMNTS

While the coronavirus crisis certainly accelerated the drive toward digital, the mid-market's commerce digitization push was well underway before the pandemic hit. Corporate buyers are quickly shifting their purchasing habits online, and seeking more efficient experiences from product sourcing through to checkout. With B2B eCommerce proliferating, the market is rapidly evolving to make way for new business and payment models in response to customer demand.

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Stranger Danger – Cyber Attacks in the School Yard

Withum

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EU Preps For Vaccine Passport Framework

PYMNTS

The European Commission said in a report that it is working on a plan to speed up vaccinations and testing to help end the pandemic faster. The report opens with the position that this year will mark “the beginning of the end” of the pandemic, and despite the mass progress made with vaccines, the report said the continually rising infections mean there has to be more actions taken.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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Naming Your Intranet

RitaKeller

“Experience is simply the name we give our mistakes.” – Oscar Wilde. A vibrant firm intranet that provides various useful and necessary information for your team members is a must. Some firms realized this years ago and have an intranet that has evolved and gained prominence as a crucial tool for research and guidance. Some of my clients have made updating their intranet a high priority for 2021, especially with a remote workforce being something that is here to stay.

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Texas Man Charged In $5 Million PPP Loan Fraud Case

PYMNTS

A Texas resident, 32-year-old Samuel Yates, was charged with allegedly trying to file fraudulent bank applications for over $5 million in loans related to COVID-19 relief, according to a press release Friday (Jan. 15) from the Department of Justice. According to the release, Yates reportedly sought out millions in forgivable loans from two separate banks under the provisions of the CARES Act's help for small businesses in the Paycheck Protection Program (PPP), allegedly claiming he had over 400

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Employee Retention Credit Flowchart – Are You Eligible?

Withum

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Netflix Surpasses 200 Million Members, Stays Course Amid Digital Competition

PYMNTS

Netflix announced Tuesday (Jan. 19) as part of its fourth quarter earnings that it topped 200 million paid memberships in Q4, with 8.5 million paid net additions during that time. The company said that average paid streaming memberships climbed 23 percent year over year in Q4, although average revenue per membership was flat. It anticipates paid net adds of 6 million for Q1 2021 compared to 15.8 million in Q1 2020, which included the effect of the first pandemic lockdowns.

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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Updated Hotel Case Studies: Aligning Goals with Profitable Growth

Withum

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Citi: How 2020’s Challenges Have Highlighted The World’s Resilience

PYMNTS

In " A Look Forward: What Executives Wish for America and the World in 2021, " Manish Kohli, global head of payments and receivables for Citi , discusses how his firm is leveraging its digital capabilities and global footprint to help its clients adapt rapidly to the evolving environment. "As we transition to a new year and a new environment, where the rollout of vaccinations globally begins to create a prospect of some stability, we must draw on the lessons of 2020 to build a more productive an

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Virtualized B2B Payments: Poised To Kill The Paper Check — And The Plastic Card

PYMNTS

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. To that end, in an interview with PYMNTS, Darren Blair , head of B2B payments at Conferma Pay , said virtual payments can alleviate pain points for buyers and suppliers that have grappled with high costs and slow processing tied to traditional, legacy and ultimately inefficient ways of transacting.

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Walmart Teams With Western Union For In-Store Money Transfers

PYMNTS

Retail giant Walmart is partnering with global money movement leader Western Union to offer in-store payments and transfers. “Walmart is much more than a place where customers shop. To millions, it’s also a place they trust for their financial needs as well,” Wilbert Noronha , vice president of financial services at Walmart, said in a press release on Tuesday (Jan. 19).

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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dLocal Collaborates With Dinie On SMB eCommerce Financing

PYMNTS

To let international merchants provide the option of installment payments to their clients in Brazil, cross-border payment firm dLocal is collaborating with FinTech services company Dinie , according to a Tuesday (Jan. 19) announcement. The collaboration between the two companies will provide more payment choices and purchasing power for small- to medium-sized businesses (SMBs) at checkout, which ends up bolstering the basket sizes and conversion rate for merchants, the announcement stated.

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Citcon: Payments Can Be The 'Digital Guide' For Retailers

PYMNTS

Chuck Huang, founder and CEO of Citcon , explores how the pandemic has prompted retailers to capitalize on the surge in demand for contactless, digital payments. "As the payment digital glue increases in criticality, driving penetration of digital payments for retailers will become more essential, Huang says in " A Look Forward: What Executives Wish for America and the World in 2021.". 2020 will be remembered by most as a year of trial.

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MGM Backs Off Acquisition Of British Gaming Platform Entain

PYMNTS

MGM Resorts International said it’s pulling the plug on its bid to acquire the gaming platform Entain , which is its BetMGM partner. After Entain rejected the company’s all-stock proposal, MGM announced that it won’t be making another offer. "BetMGM, our U.S. sports betting and online gaming venture with Entain, remains a key priority for the Company as we continue to leverage our preeminent physical gaming, entertainment and hospitality platform to expand digitally," Bill Hornbuckle , CEO of MG

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GDPR Penalties Escalate As EU Officials Crack Down

PYMNTS

Fines levied under the General Data Protection Regulation (GDPR) jumped almost 40 percent in the past 12 months as European Union (EU) regulators stepped up enforcement efforts, Financial Times (FT) reported on Tuesday (Jan. 19). Since starting in 2018, GDPR regulators imposed €272 million in fines, with €159 million in penalties levied just in the past dozen months, DLA Piper research showed, per FT.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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EXCLUSIVE: Who Is Generation Venmo – And How Can Retailers Reach Them?

PYMNTS

The year 2020 has been disruptive across the board for consumers — changing how they shop, how they work, how they play, how they spend time with others and how they’ve filled the scores of hours they’ve spent alone. New research of roughly 2,000 of U.S. Venmo customers as of October 2020 offers a clearer snapshot of these customers' new financial habits and purchase and shopping behaviors, and how they view Venmo as a payment method.

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New Study: Static Web Content Bad For Account Holder Engagement

PYMNTS

There’s a reason that bank apps and websites ask, “was this information helpful?”. Often as not the answer is “no.” That simply won’t fly in the digital-first decade. PYMNTS Retail Banking Services’ Paradigm Shift , a SundaySky collaboration, examines the problem of financial content from the account holder’s perspective, surveying a census-balanced panel of over 2,200 consumers to gauge how people are accessing and engaging with information from banks and financial institutions (FIs) about new

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Goldman CEO Says SPAC Explosion ‘Unsustainable’

PYMNTS

Goldman Sachs CEO David Solomon said he doesn’t think the current special purpose acquisition company (SPAC) boom is sustainable, the Financial Times (FT) reported. Companies or investment groups create SPACs to raise money through the sale of stakes to either the public or entities such as private equity funds. A SPAC then uses the funds to purchase an existing company.

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Today In Digital First Banking: LendingClub Gets OK To Buy Radius; European Banks Lend Less Amid Pandemic

PYMNTS

In today’s top news in digital-first banking, LendingClub said it has attained all of the regulatory approvals to close its $185 million acquisition of Radius Bancorp, while Euro area banks have reportedly scaled back lending to safeguard against risk. Plus, Plaid plans to focus on growth in Europe. LendingClub Gets OK To Acquire Radius Bancorp. LendingClub said it has received all of the regulatory green lights to close its $185 million purchase of Radius Bancorp.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Plastiq Integrates Intuit QuickBooks For Seamless Automatic Pay

PYMNTS

Plastiq , an intelligent payments services provider for businesses, is integrating Intuit QuickBooks to help businesses save time and money, according to a press release emailed to PYMNTS. The combination will offer a “seamless, automated way to reconcile payments, bills and invoices” with a company’s accounting system, the release stated. There’s no manual entry required.

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eBay May Be Prepping Korean Subsidiary For Sale

PYMNTS

eBay might be selling its South Korea marketplace, eBay Korea, in another step in the reorganization already dividing up the U.S. eCommerce market, Bloomberg reported. eBay said it had “initiated a process to explore, review and evaluate a range of strategic alternatives for its Korea business,” Bloomberg reported. “The company is considering options that would maximize value for its shareholders and create future growth opportunities for the business.”.

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Sensory’s VoiceHub Will Boost Accessibility For Voice Assistants

PYMNTS

Sensory has released VoiceHub , an online portal for developers to create voice control command sets for prototyping, and the platform will allow users to add a natural language voice user interface (UI) to anything, with the help of more vocabulary additions, according to a press release. VoiceHub and its companion app for Android and iOS, the release stated, will also come with Sensory’s integration of TrulyNatural , which is a large vocabulary speech recognition program that runs on the devic

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WEX Teams With MYOB For Supplier Payments In Australia

PYMNTS

In an effort to simplify B2B payments for Australia, FinTech service provider WEX is teaming with digital business management technology company MYOB. The tie-up provides WEX clients with access to MYOB's business payment technology for vendor payments through WEX virtual credit cards, according to an announcement. Justin Cross , WEX's director of business development and partnerships, EMEA & APAC, said in the announcement that the company's corporate payments operation will continue working

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.