DuctTapeMarketing

DECEMBER 16, 2020

7 Small Business Trends that Arrived Just in Time for 2021 written by John Jantsch read more at Duct Tape Marketing. This blog post is brought to you by GoDaddy Pro. Every year for the last 20 or so, I’ve wrapped up the year with my predictions for trends in the coming year. I’m usually spot on too. But that’s really more of a testament to the fact that trends tend to creep up on us rather than overwhelm us.

Start-ups 341

Start-ups Technology Education Maine 341

SMBAccountant

DECEMBER 16, 2020

Many small business federal contractors begin with research and development (R&D) contracts or grants as part of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These programs are offered by the government to encourage innovation with the potential for commercialization. These programs often result in technology or products that begin with government use and then become commercial items.

Government 246

Government Account accountant accounted 246

PYMNTS

DECEMBER 16, 2020

Bitcoin continued its ongoing surge in price Wednesday (Dec. 16), heading above the $20,000 mark for the first time ever — eclipsing its previous record high set in 2017. The price of a bitcoin traded higher by 5.6 percent, hitting around $20,600. CNBC reported that the surge was fueled by cryptocurrency fans along with a big boost from big-name investors such as Paul Tudor Jones and Stanley Druckenmiller.

Retail 137

Retail 137

AccountingDepartment

DECEMBER 16, 2020

"Happy Holidays Everyone! This year has brought an incredible number of challenges, which we believe are presented an equally incredible number of opportunities to innovate. Today, we'd like to take a moment to share with you what we've done, what we're doing, and what we're planning." (Make sure to watch to the end for the Behind the Scenes outtakes!).

bookkeeping services 86

bookkeeping services bookkeeping Account accountant 86

Advertiser: Paycor

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PYMNTS

DECEMBER 16, 2020

London cloud-processing platform Form3 is partnering with Mastercard to enhance and streamline real-time payments worldwide. “Our partnership with Mastercard will enable Form3 to accelerate its ambitions to grow on an international scale while complementing the services we have today and those we are building for the future,” Michael Mueller , founder and chief executive officer of Form3, said in a press release on Wednesday (Dec. 16).

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KROST

DECEMBER 16, 2020

This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue , titled “Employee Retention Credit (ERC) Provides Benefits for Manufacturing Employers ” by Jim Estrella, CPA, MSA. For manufacturers who experienced a suspension in operations or decline in business compared to 2019 due to the COVID-19 crisis, the Employee Retention Credit (ERC) may be a welcome relief.

Manufacturing 52

Manufacturing CPA accounting and finance payroll 52

Withum

DECEMBER 16, 2020

98

98

PYMNTS

DECEMBER 16, 2020

More than 100,000 eateries — or about one in six restaurants nationwide — have closed due to the pandemic, according to National Restaurant Association estimates. The industry as a whole lost $165 billion in revenue between March and July, and it is on track to lose $240 billion by 2021 — with the decline expected to continue until the pandemic abates.

Technology 124

Technology Account accountant accounted 124

RitaKeller

DECEMBER 16, 2020

“I don’t run away from a challenge because I am afraid. Instead, I run towards it because the only way to escape fear is to trample it beneath your foot.” – Nadia Comaneci. You are a leader in your firm. You may be new to the role or perhaps you have been in a position of power for quite a while. Especially, if you are the managing partner, you need a challenging cheerleader.

cpa firm 40

cpa firm audit CPA Tax 40

PYMNTS

DECEMBER 16, 2020

Openpay , an Australian buy now, pay later (BNPL) provider, has officially launched in the U.S., according to a press release. BNPL refers to the practice of allowing customers to pay for goods in installments, usually four smaller increments. The purpose is to allow for people to afford items that might otherwise be too costly. Openpay focuses on "industries where it can make a real difference," the release stated, going on to list the healthcare, automotive, home improvement and education sect

B2B 122

B2B Healthcare accounting and finance Education 122

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.

Withum

DECEMBER 16, 2020

52

52

PYMNTS

DECEMBER 16, 2020

A new lawsuit from multiple states alleges that Google used its digital advertising business to harm consumers, The Wall Street Journal (WSJ) reported. Texas Attorney General Ken Paxton 's office announced on Twitter that it would be pursuing such legal action. “This internet Goliath used its power to manipulate the market, destroy competition, and harm YOU, the consumer,” Paxton's office said in a tweet Wednesday (Dec. 16), according to WSJ.

South Dakota 118

South Dakota North Dakota Mississippi Idaho 118

Withum

DECEMBER 16, 2020

Healthcare 52

Healthcare tax planning Tax 52

PYMNTS

DECEMBER 16, 2020

As FinTechs and other financial service providers drive commercial card adoption, virtual card technology becomes an increasingly popular focus of innovation initiatives, particularly as corporates demand solutions to support a remote workforce. This week's Commercial Card Innovation Tracker finds Barclaycard and Visa among the latest to embrace v-cards to elevate employee spend management and supplier payments.

Expense Management 114

Expense Management Technology accounts payable AP Processes 114

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

DECEMBER 16, 2020

In Europe, it’s a shot across the bow for U.S. tech giants. New draft rules tied to the Digital Services Act and Digital Markets Act (collected under the Digital Services Act Package ) would broaden European Union regulators’ power to rein in Big Tech. In fact, Big Tech (specifically, Amazon, Facebook and other U.S. companies) could become, well, smaller tech through breakups and limits on what they can do across the Continent.

auditor 108

auditor Government 108

PYMNTS

DECEMBER 16, 2020

Ternio , a global FinTech platform, has integrated with Plaid , a financial data company, to help Ternio BlockCard bank accounts access faster and more secure connections to financial accounts, according to a press release. Through the integration with Plaid, Ternio users will be able to instantly authenticate bank accounts to help make transfers to their cryptocurrency-friendly BlockCard accounts, the release stated.

Account 106

Account accountant accounted financial accounting 106

PYMNTS

DECEMBER 16, 2020

The Visa Foundation has launched several new initiatives aimed at providing nearly $5 million in capital to minority-owned small and micro-businesses (SMB) to help them weather the ongoing COVID-19 pandemic. The new push also includes a mentorship program for minority-led SMBs and the release of a new report, Supporting Social Equity by Boosting Small Businesses , that discusses how Black and African American-owned businesses have suffered a sharper drop in ownership than those owned by other et

Education 100

Education Start-ups Retail 100

PYMNTS

DECEMBER 16, 2020

The Federal Reserve has upped its expectations for the end-of-year forecast, now predicting that the real gross domestic product (GDP) will fall by only 2.4 percent, CNBC reported. Citing the central bank's Summary of Economic Projections released Wednesday (Dec. 16), the bank upped its positivity. In September, the bank expected there to be a 3.7 percent fall.

Government 97

Government 97

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Technology

PYMNTS

DECEMBER 16, 2020

“Buy a car entirely online, and have it safely delivered, contact-free.” So goes the pitch at online car-buying platform Vroom , which is turning to artificial intelligence (AI) and machine learning (ML) to further accelerate the transformation of the used car business. After a two-year test drive as a client of market data and analytics firm CarStory, Vroom announced on Tuesday (Dec. 15) that it is buying CarStory outright, calling the company the used car industry’s largest source of AI-powe

Sales 97

Sales Arkansas Louisiana Technology 97

PYMNTS

DECEMBER 16, 2020

In today’s top payments news around the world, IBM has bought Canada-based Expertus Technologies, while Gojek is rolling out its new GoBiz Plus point-of-sale (POS) offering. Plus, Bridgetown Holdings is reportedly thinking about a deal with Tokopedia. IBM Acquires Canadian FinTech Expertus. IBM has purchased Expertus Technologies, which is based in Canada, according to an announcement, in an effort to strengthen its hybrid cloud and artificial intelligence (AI) infrastructure in addition to its

Technology 96

Technology Sales Retail 96

PYMNTS

DECEMBER 16, 2020

The pandemic has broadly impacted money movement and a new sense of urgency, from retailers seeking faster ways to pay suppliers to insurance firms adopting digital methods to issue claims payouts to waiting recipients. Government agencies fall among the cohort of institutions that need to disburse funds with more speed than usual, but they’re tasked with sending stimulus checks and business loans to the financially vulnerable, making the stakes higher for those who fail to quickly respond to th

Government 93

Government Account accountant accounted 93

PYMNTS

DECEMBER 16, 2020

ContextLogic, which is the parent company for eCommerce giant Wish , saw shares fall 16.4 percent Wednesday (Dec. 16) for the company's market debut, CNBC reported. The opening trade was $22.75 per share, which ended up below the $24 per share initial public offering (IPO) pricing, which the company had priced as high as it could. Wish, founded in 2010 by former Google engineer Peter Szulczewski , has become known as a market for low- and middle-class shoppers, gaining it a reputation as an onli

93

93

Advertiser: Paycor

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PYMNTS

DECEMBER 16, 2020

Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments , a global leading payments technology company, to launch an industry-first retail gift card. . The launch will expand DraftKings’ presence in convenience stores like 7-Eleven, Speedway, Dollar General, and Sheetz, and also enable consumers to gift the DraftKings experience to others in $25 and $50 d

Gaming 92

Gaming Retail Sports B2C 92

PYMNTS

DECEMBER 16, 2020

EnKash , a digital platform and payment solution provider, has entered into an alliance with Mastercard to expand the usage and acceptance of commercial cards in India and provide a B2B digital payment automation platform, according to a press release. The platform will include supplier enablement services designed to help businesses to send payments using the Mastercard network and to accept card payments, especially for small- to medium-sized businesses (SMBs), the release stated.

B2B 92

B2B 92

PYMNTS

DECEMBER 16, 2020

Disputes and chargebacks are nothing new. But in the digital age of commerce wrought by the pandemic, they’re becoming a key point of friction between consumers, merchants and issuers. Amid the great digital shift , retailers and financial institutions (FIs) must walk the fine line between challenging transactions and letting the consumer journey proceed frictionless.

Retail 91

Retail Start-ups Education Sales 91

PYMNTS

DECEMBER 16, 2020

It’s not clear how happy consumers in the United Kingdom will be over Facebook’s latest move, but privacy advocates are already up in arms. Facebook will transfer its U.K. users into new agreements with its corporate headquarters in California, effectively circumventing the European Union’s strict privacy laws, according to an exclusive report by the Reuters news service.

California 85

California Legal Government 85

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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

DECEMBER 16, 2020

The company that bills itself as a “business in a box” for truckers has closed a Series A funding round of $20.5 million. CloudTrucks made the announcement on Wednesday (Dec. 16), at the same time that it launched a first-of-its-kind payments product, CT Cash, to help truckers manage payments. The CloudTrucks app helps truck owners and operators manage their businesses by optimizing their driving schedules for better pay rates, maximizing cash flow and reducing operating costs.

Sales 83

Sales Technology Account accountant 83

PYMNTS

DECEMBER 16, 2020

According to Mexican regulators, the two companies in charge of the country's credit and debit settlements represent "a near monopoly," and big businesses need to sell shares in those companies, the Associated Press (AP) reported. The regulators have recommended that the eight private banks which own large shares of the settlement and process firms sell them, as regulators said they have an unfair advantage, according to the AP.

Government 83

Government Account accountant accounted 83

PYMNTS

DECEMBER 16, 2020

Consignment-to-retail used vehicle marketplace CarLotz, Inc. said on Wednesday (Dec. 16) that its total revenues rose 12 percent for Q3 2020 to $29.8 million, up from $26.5 million during the same time last year, according to an announcement. The company’s gross profit rose $1.3 million, or more than 50 percent, from $2.3 million in the prior year timeframe to $3.6 million, while retail gross profit per unit spiked 71 percent from $1,276 in the prior year period to $2,181, according to the annou

Retail 83

Retail Sales 83

PYMNTS

DECEMBER 16, 2020

Chinese healthcare technology group WeDoctor is still planning a massive IPO in Hong Kong in the coming months, despite the recent departure of its CFO, John Cai. Sources told Bloomberg that WeDoctor aims to file an IPO prospectus around the Lunar New Year in February, with hopes to raise $500 million to $1 billion. Cai, who was brought on in February to steer the IPO, has been offered an advisory role with WeDoctor’s backer, Chinese tech conglomerate Tencent Holdings.

Healthcare 81

Healthcare Pharmaceutical Technology Sales 81

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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.

cpa firm