Thu.Dec 24, 2020

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No Deduction in California for Expenditures Paid with Forgiven PPP Funds

RogerRossmeisl

With the prospect that ordinarily tax deductible business expenses will still be deductible if they were paid for with forgiven PPP loan funds contained in the Coronavirus Response and Relief Supplemental Appropriations Act, 2021, attention turns to the California treatment of same. The answer is that California currently does not conform to the federal amendment to this law contained in the new stimulus bill.

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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. The numbers speak for themselves. PYMNTS research on consumer shopping habits showed that 24 percent of all consumers say they have taken at least one of their routine shopping activities online and do not plan to revert to shopping in stores for this activity, even after the pandemic is over.

Retail 118
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California Small Business COVID-19 Relief Grant Program

KROST

As part of the assistance package that was announced by Governor Newsom in September 2020, the State of California is providing $500 million in grants to small businesses that are impacted by COVID-19. Small businesses with annual gross revenue of less than $2.5 million can receive up to $25,000 in the grant. There will be two rounds of grants. CDTFA will start taking applications for the first round on December 30, 2020, and will close on January 8, 2021.

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With Paper Checks Pushed Out, What's Next For B2B Payments?

PYMNTS

For years — decades, even — B2B payment leaders and innovators had been talking about the digitization of corporate payments within accounts receivable (AR) and accounts payable (AP) departments. But for many organizations, this trend had been more talk than action. Then, the pandemic hit, and suddenly the paper check was no longer viable in a work-from-home environment.

B2B 113
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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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From BNPL to RTP, The Year In Payments Ends On Digital-First Note

PYMNTS

It was a year in which consumers learned about new payment options and adopted them at a dramatic rate. As the year closes, PYMNTS calls out six payment methods that gained traction and attention, including a take from key executives in each category. Buy Now, Pay Later. If there was a defining trend for payments in 2020, or a trend that gained the most traction compared to 2019, it was buy now, pay later (BNPL).

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. It all depends on how you look at it — and where you look, of course. If one measures success for digital currencies in buzz — and in price appreciation for many of the marquee names — then 2020 stands out as a banner year.

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Digital Payments Options Are Redefining The Freelance Lifestyle

PYMNTS

Freelancing, contracting, ad hoc work — it’s all a grand adventure. Like trying to get paid, for example. Will they pay? When will they pay? How? It’s a nail-biter, but really shouldn’t be. PYMNTS December 2020 Digital Payments In A Digital World Playbook , a North Lane Technologies collaboration, Global Freelance Workforce Edition, tackles the issue with insights demonstrating the value of faster payments to freelancers and the firms engaging them.

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The Connected Economy’s 10 Biggest US IPOs Of 2020

PYMNTS

The U.S. market for initial public offerings (IPOs) had a banner year in 2020 despite the pandemic — or perhaps because of it. Connected-commerce companies often led the way, frequently enjoying strong IPO pricing and even bigger first-day “pops” as investors realized that the digital shift created by the COVID-19 outbreak would likely never fully reverse.

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Dining 2020: The Year The Bright Lines Between Restaurants And Grocery Stores Blurred

PYMNTS

COVID-19 in many key regards bears an uncanny resemblance to a bad dinner guest. It showed up uninvited, proceeded to make itself the center of attention by dominating every possible conversation, added a million restrictions on when and where everyone else could eat and, ultimately, did not know when to leave. In fact, COVID-19 is crashing the party so hard at this point, that it's making it impossible to even seat friends and loved ones at our holiday dinner table for fear of further accelerat

Gaming 82
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No Place Like Home: Connected Home Becomes Commerce Command Center

PYMNTS

'Tis the season for predictions — the most dangerous time of the year for potential prognosticators looking to offer the world a sneak peek as to what’s coming next in the new year. On the whole, Karen Webster noted on New Years Day, 2020, making predictions at this time of year is irresistible, risky business. “Which may explain why many predictions are wishy-washy or soon proved wrong,” she noted.

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Planning Your Restaurant's 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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How The Corporate Card Recharted Its Adoption Course

PYMNTS

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small. It may not have been entirely expected, either.

B2B 81
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Deep Dive: How Companies Can Use Automation To Face Cross-Border B2B Payment Challenges

PYMNTS

The order-to-cash (O2C) process is inherently complex. Companies must smoothly manage everything from initial orders and invoicing to product delivery and the notification of payment receipts to complete it, making it a long and cumbersome procedure with a great deal of room for error. This is especially true for the 80 percent of companies that still manually manage their O2C processes and rely upon human employees to move money fast.

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Innovations In The Connected Economy And B2B Payment Modernization

PYMNTS

Connected fitness product provider Peloton has moved to fix its manufacturing and order backlog challenge by buying Finland’s Precor. In the economy, chief financial officers (CFOs) participating in a survey are reasonably optimistic about next year. And, in business-to-business (B2B) payments, modernizations can help firms in the medical sector overcome some of their accounts payable (AP) and accounts receivable (AR) frictions, while in connected vehicles, an “ iCar ” could finally be coming t

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Integrated Digital Loyalty Is Dining Table Stakes For 2021

PYMNTS

We’re all pretty clear on what happened this year in mobile order-ahead (MOA) dining and its twin, the “order to eat” (OTE) phenomenon. Only, it’s not a singularity. This is the way things are now. What directions it all takes depends on consumer preference and business response. The PYMNTS December 2020 Order To Eat Tracker® done in collaboration with Paytronix , looks at the issue through the loyalty lens, as beefing up these programs is having a transformative effect on customer sentiment, or

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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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Zooming In Sweatpants: Workers Reevaluate The Remote Lifestyle

PYMNTS

Beyond the devastating global health impacts, on top of the sweeping economic trauma, the coronavirus will also go down in history for ushering in a number of unprecedented lifestyle changes, many of which have been well-received and are likely to stick — at least to some degree — even after the COVID threat has gone. Nowhere has the daily disruption been more pronounced than in the rapid and explosive growth in the number of people working from home.