RogerRossmeisl

JANUARY 11, 2021

The Treasury Department and Small Business Administration (SBA) have released Interim Final Rules (IFR) regarding the permission of “second draw loans” under the Paycheck Protection Program (PPP) recently authorized by the Consolidated Appropriations Act, 2021 (CAA 2021). BACKGROUND CARES Act The CARES Act provided the original legislation authorizing the Small Business Administration (SBA) to make loans to qualified businesses under certain circumstances.

payroll 187

payroll CPA cpa firm business tax 187

PYMNTS

JANUARY 11, 2021

Mexicans and Mexican-Americans working in the U.S. sent a record sum of money to the southern country despite the staggering blows the U.S. economy took due to the pandemic, The Wall Street Journal reported, citing data from Mexico's central bank. During the first 11 months of the year, people in the United States sent $36.9 billion to Mexico, WSJ reported, citing data released by the Banco de Mexico.

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LyfeAccounting

JANUARY 11, 2021

?. How to value your business? Today, we’re talking about business valuation. First, let’s define what business valuation is. Business valuation is the process of determining the economic value of your business today. There 4 methods of valuation I’ll be going over today: Book value. Earnings multiplier. Market value. Discounted cash flow. Now valuing your business is not a black and white exercise as you’ll see.

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PYMNTS

JANUARY 11, 2021

Roblox , which operates an online gaming platform that spans millions of users and millions of variations of games or related interactions, plans to go public on the New York Stock Exchange via a direct listing in February, according to an SEC filing the company submitted. Roblox previously had planned to go public the usual way, allowing Wall Street investment bankers to find buyers for early blocks of shares before opening a stock to investors in the broader market.

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xendoo

JANUARY 11, 2021

If you’re fed up with trying to do your own books, you’re not alone. For many small business owners, accounting is definitely not their area of expertise. They know they’re probably making mistakes and missing opportunities that a pro would spot right away, but they don’t know if accounting services will save more than they cost. Small business accountant fees vary depending on a number of factors, including expertise levels, types of services offered, technology integration, and industries or n

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PYMNTS

JANUARY 11, 2021

Amazon and Walmart are among the big retailers trying out a new way of handling refunds, according to a report from The Wall Street Journal (WSJ). Customers can ask for a refund, but they might not have to return the item even if they're granted one. The idea, which uses artificial intelligence (AI), is supposed to cut down on work and costs for the companies, which have seen an unprecedented surge in activity because of the pandemic.

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PYMNTS

JANUARY 11, 2021

Buy now, pay later (BNPL) platform Affirm boosted the price range of its initial public offering (IPO), potentially raising $1.08 billion, according to a Monday (Jan. 11) filing with the Securities and Exchange Commission (SEC). The Silicon Valley startup is planning to offer 24.6 million shares of its common stock through the IPO, with a price range of $41 to $44 per share.

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JANUARY 11, 2021

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PYMNTS

JANUARY 11, 2021

A California man has sued Robinhood Financial and Robinhood Securities, claiming he lost thousands of dollars after his brokerage account with the firm was breeched, according to a complaint. Siddharth Mehta, who filed the lawsuit in Superior Court for the state of California, is seeking class-action status in his case against the provider of low-fee brokerage services.

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RitaKeller

JANUARY 11, 2021

Once again, it is time to invest in the future success of your firm. I am happy to share this opportunity for your partners-in-training from The Partner Institute. “Management is doing things right; leadership is doing the right things.” – Peter F. Drucker. How is your firm’s foundation for ensuring long term success and growth?

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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 11, 2021

Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. Pakistan has the distinction as a country where only some economic transactions happen on the books. The new system is called "Raast," or "direct way," and will be rolled out in three phases culminating in early 2022, according to the news outlet.

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Government 95

Withum

JANUARY 11, 2021

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PYMNTS

JANUARY 11, 2021

Corporate travel management platform TripActions said in a press release that its TripActions Liquid payments and expense system now integrates with leading corporate finance systems. Among the enterprise resource planning (ERP) systems with which TripActions Liquid communicates now are NetSuite, Microsoft Dynamics, Sage Intacct, SAP and Xero, according to the release.

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Withum

JANUARY 11, 2021

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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 11, 2021

The price of bitcoin kept going up and up and up for months — to a high of more than $40,000. Then, on Monday (Jan. 11), the market came crashing down. CNBC reported that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell over 12 percent from a day earlier, to as low as $30,863. According to Coinmarketcap, the overall value of the cryptocurrency market — or market cap —was $880 billion Monday morning, down from $1.08 trillion a day earlier.

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Withum

JANUARY 11, 2021

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PYMNTS

JANUARY 11, 2021

British challenger bank Revolut has submitted a banking license application to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Nik Storonsky , founder and CEO at Revolut, said in a press release on Monday (Jan. 11) that having a U.K. license for financial services will enable it to offer banking products “U.K. customers expect from their everyday primary bank account.” .

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KROST

JANUARY 11, 2021

On December 27, 2020, President Trump signed the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act) into law to provide continued assistance to individuals and businesses that have been financially impacted by the ongoing coronavirus pandemic. Section 311 of the Economic Aid Act added a new temporary section, 7(a)(37), to the Small Business Act.

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payroll Non-Profits Tax Real Estate 40

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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.

Technology

PYMNTS

JANUARY 11, 2021

COVID-19 and the digital-first trend are sending U.S. retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. “These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

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Real Estate Retail New York California 82

PYMNTS

JANUARY 11, 2021

xSuite , a German provider of electronic document-handling services, especially those integrating with SAP software, has won a key government certification in Singapore, according to a press release. The country's Infocomm Media Development Authority (IMDA) has listed xSuite among companies whose electronic-invoicing products are suitable for use with the Peppol system.

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Government B2B 79

PYMNTS

JANUARY 11, 2021

The impact of the global pandemic on corporates' digitization journeys has been undeniable. Whether businesses were establishing their modernization roadmaps for the first time or simply accelerating the plans they already had in place, the COVID-19 crisis drove organizations to embrace technology at unprecedented levels in order to manage a remote workforce, supply chain disruptions and economic uncertainty.

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B2C accounting and finance Healthcare B2B 79

PYMNTS

JANUARY 11, 2021

India-based Goldiam International has completed the soft launch of its B2B website after the acquisition of Eco-Friendly Diamonds , a successful CVD diamond growing company, a report from Business-Standard says. After the acquisition, Goldiam was able to successfully beta-test and complete a soft launch for the site, which plans to cater to a new market segment for the U.S. retail jewelry industry.

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B2B Retail Technology Sales 78

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PYMNTS

JANUARY 11, 2021

Hyundai Motor and Apple are set to make a new agreement on electric cars by March, Reuters writes, citing local newspaper Korea IT News. The companies will likely start production by 2024. The report follows a statement from last week where Hyundai Motor said it was in early talks with Apple, after a local media outlet had reported that the two were aiming at 2027 for a launch of the car.

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Start-ups Technology Transportation 77

PYMNTS

JANUARY 11, 2021

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. Whether it's crypto, cash, gold, diamonds, stocks or even cows, Paxos Founder and CEO Charles Cascarilla said the financial world is undergoing an adoption curve.

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Technology accounting and finance Finance Account 77

PYMNTS

JANUARY 11, 2021

Providence, Rhode Island-based Citizens Financial Group is advancing the reach of its national point-of-sale (POS) offering for merchants, renaming it Citizens Pay, the company announced Monday (Jan. 11). . “Our platform has demonstrated the ability to drive impressive sales growth with a best-in-class customer experience,” Andrew Rostami, president of Citizens Pay, said in a press release.

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Rhode Island accounting and finance Manufacturing Education 76

PYMNTS

JANUARY 11, 2021

Crypto.com has put in an early bet that 2021 will see a rebound in the battered travel market. The Hong Kong-based cryptocurrency and payments platform on Monday (Jan. 11) unveiled a partnership with Booking.com that will dole out sizable discounts to users of Crypto.com’s app. In particular, Crypto.com users who make travel reservations through Booking.com using the Crypto.com app can shave up to 25 percent off the cost of their accommodations.

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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.

Finance

PYMNTS

JANUARY 11, 2021

Fortis Payment Systems ( FortisPay ), which works in payment technologies for businesses and developers, announced that it had bought Swype at Work and also entered into partnership with that company’s affiliate, Net at Work , an IT service management company, a press release says. With the new agreement, the companies will expand more in North America’s B2B market and offer new customized solutions for customers.

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PYMNTS

JANUARY 11, 2021

It is not lost on David Goldhill that three of the biggest, smartest and most powerful companies in the world have disbanded their efforts to collectively fix the healthcare system. But that’s what happened recently as Haven — the healthcare venture between Amazon , Berkshire Hathaway and J.P. Morgan Chase — disbanded. Goldhill, CEO and co-founder of direct-to-patient healthcare platform Sesame , said he understands the complexity of the system and the unique place it holds in the U.S. consumer'

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PYMNTS

JANUARY 11, 2021

Apple 's App Store had a good year last year, generating over $64 billion, CNBC reported. That's an increase from the estimated $50 billion from 2019 and $48.5 billion in 2018, according to the report. The numbers from 2020 seem to suggest that the pandemic had given a strong boost to usage of the App Store, as people quarantined and stayed away from public gatherings to avoid contracting the virus.

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PYMNTS

JANUARY 11, 2021

Having invoices financed is one way to combat late B2B payments, but in Europe, one watchdog is raising concerns that new standards for default may see a dramatic rise in soured debts. A recent Bloomberg report said the EU Federation for the Factoring and Commercial Finance Industry is warning as much as 20 percent of current factored invoices may be considered defaulted under the new standards, totaling $31.3 billion.

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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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