PYMNTS

NOVEMBER 2, 2020

People’s Bank of China (PBOC) Governor Yi Gang said the pilot program for digital yuan has gone well, with over 2 billion yuan ($299 million) used in over 4 million transactions, Bloomberg reported. The trial was rolled out in four cities earlier this year. Yi, speaking at Hong Kong FinTech Week on Monday (Nov. 2), said that FinTech companies have some "key advantages" over traditional banks in terms of developing a customer base and curbing risk.

Real Estate 116

Real Estate Retail 116

FusionCPA

NOVEMBER 2, 2020

You need to be careful when it comes to your real estate investment firm accounting. The way that you do your real estate investment firm bookkeeping either hinders or allows you to analyze your business’s financial health. If you are not experienced in bookkeeping or using real estate CPAs , it is recommended that you spend a great deal of time becoming familiar with the capabilities of your QuickBooks Online account before you get started.

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quickbooks Real Estate accounting principles bookkeeping 98

PYMNTS

NOVEMBER 2, 2020

The house call — a kindly doctor lugging a black bag to the doorstep — is a thing of the past. Now, waiting rooms are cramped. But in the age of the pandemic, of course, even a visit to the waiting room is fraught. In an interview with PYMNTS, Robbie Cape , co-founder and CEO of 98point6 , a company that offers what it classifies as “text-based primary care” 24/7.

Healthcare 107

Healthcare Technology Start-ups 107

Katz,Sapper&Miller

NOVEMBER 2, 2020

Missed charges are an unfortunate fact of life at veterinary practices. Even if they have the best of intentions, few hospitals can claim a 100% capture rate. Billing mistakes are guaranteed to happen from time to time. But what makes missed charges such an insidious problem is how easy it is to underestimate the scope.

Hospitality 56

Hospitality 56

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PYMNTS

NOVEMBER 2, 2020

It was another quarter of record-breaking results for PayPal , which saw both record transactions and new customer enrollments in Q3. Total payment volume rose 36 percent to $247 billion, beating analyst estimates for $232 billion. PayPal is now reporting a run rate of approximately $1 trillion dollars in payment volume. Venmo also reported its best quarter ever in terms of payment volume — reporting a 61 percent year-on-year TPV increase to $44 billion.

accounting and finance 105

accounting and finance Finance Account accountant 105

KROST

NOVEMBER 2, 2020

This is a preview of one of the articles in the new KROST Quarterly Technology Issue , titled “Solving the Unsolvable” Quantum Computing Developments and Constraints” by Paren Knadjian. The computing ecosystem has had deep influences on society and changed lives in a myriad of ways. Despite decades of impressive Moore’s Law performance scaling, there are still important potential applications of computing that remain out of reach of current conventional computer systems.

Entertainment 52

Entertainment accounting and finance Technology Finance 52

LyfeAccounting

NOVEMBER 2, 2020

?. We’ve got an important post for you today, because we’re going to discuss whether you should pay your employees through as a contractor or as a regular wage. In other words, we’re going to debate a 1099 vs W2 and which one may be best for your business. This is because selecting between these two options will determine your tax outcomes for both you and your employees.

payroll tax 52

payroll tax Tax Legal payroll 52

PYMNTS

NOVEMBER 2, 2020

When the World Bank issued its 2020 predictions for the remittances market, it was bad news for service providers in the space. The report , released back in April, predicted the sharpest-ever decline in remittance volume, projecting a 20 percent drop in remittance activity. Interestingly, the World Bank cited the pandemic and related shutdown as the main cause of the trend, pointing to lower wages and lost jobs as a key factor.

B2B 96

B2B Education Legal Maine 96

RitaKeller

NOVEMBER 2, 2020

“TPI was one of the most meaningful programs in my professional career.” – Jessica Sayles, Managing Principal. How many of your current partners went through any kind of educational program to prepare them for partnership? Your answer might be, “None.” Or perhaps, one or two. Don’t you wish ALL your partners had some basic training on how to be a productive, successful partner in a CPA firm?

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PYMNTS

NOVEMBER 2, 2020

It seems almost illogical that just when consumers are spending record amounts of personal and professional time online and enthusiastically embracing the pandemic’s digital shift, they’re also becoming increasingly leery of with whom they do business. And yet, research from PYMNTS shows that’s exactly what’s happening. The online trust hurdle is not only getting higher and higher, but the array of “trust traps” that can destroy a good business relationship are spreading and rising.

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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.

Withum

NOVEMBER 2, 2020

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PYMNTS

NOVEMBER 2, 2020

Ocado , a U.K.-based online grocery, is heightening its automation drive by acquiring two robotics companies. Owning Kindred Systems of San Francisco and Haddington Dynamics of Las Vegas will help Ocado tackle “one of the world’s hardest challenges in robotics, the picking and packing of groceries,” the company said in a press release on Monday (Nov. 2).

Technology 89

Technology 89

KROST

NOVEMBER 2, 2020

On March 13, 2020, President Trump declared a national emergency disaster, related to the COVID-19 virus 1. Following the declaration, under the new tax law (TJCA), taxpayers can claim a business casualty loss related to the disaster on either their 2019 original/amended return or their 2020 return. Some examples of losses that may qualify, but are not limited to the following: Inventory impairment such as food spoilage for restaurants who had to shut down.

Real Estate 96

Real Estate Entertainment Sports Tax 96

PYMNTS

NOVEMBER 2, 2020

European payments rivals Nets of Denmark and Nexi of Italy have negotiated an “all-share” merger deal that would establish a large payments platform for the pan-European market, the companies said in a statement on Monday (Nov. 2). The deal includes long-term lock-up commitments by Nets’ current shareholders. The merger would create a “one-stop-shop” for payments, with expanded capabilities and a “diversified geographic reach.

Account 86

Account accountant accounted 86

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

NOVEMBER 2, 2020

In California, a state ballot vote tomorrow (Nov. 3) will likely have seismic reverberations for gig economy companies and the millions of individuals and families who rely on them as economy lifelines in the midst of a pandemic. Proposition 22 (Prop 22) is a measure that would exclude app companies from a new law in the state that would make them classify workers — the drivers behind the ride-hailing and delivery activities on which Uber, DoorDash and others rely — as employees rather than cont

California 85

California Oregon Washington Transportation 85

PYMNTS

NOVEMBER 2, 2020

Bloomberg customers will now be able to use the news site's terminal to look at Credit Benchmark 's credit risk data, which comes from risk views of the world's largest financial institutions, according to a press release. Clients will also be able to use the data for an enterprise use case, the release stated. Bloomberg is providing the data in the current global economic crisis to aid the markets with ready, accessible information that is timely and transparent for active credit assessments an

accounting and finance 85

accounting and finance Finance Account accountant 85

PYMNTS

NOVEMBER 2, 2020

Economic headwinds abound. This week marks the culmination of an election season like no other. Virus cases are rising. But as earnings season nears its inevitable end, the puzzle pieces (in the form of companies’ individual reports for the period that ended in September) are forming a mosaic. To that end, the Big Tech companies that reported earnings over the last several days — Alphabet ( Google ’s parent), Amazon , Facebook , Twitter among them — showed that eCommerce, and the ads that keep e

Sales 84

Sales 84

PYMNTS

NOVEMBER 2, 2020

Securities and Exchange Commission (SEC) Chairman Jay Clayton said corporate America needs to be more proactive about cybersecurity, warning that the threat of cyberattacks will continue, CNBC reported. Speaking on CNBC's “Power Lunch,” Clayton said cybersecurity risks compounded on the pandemic and the U.S. presidential election. “Cyber risks have not gone away with the unfortunate, unforeseen risks we’ve faced with COVID and other uncertainties in our economy,” he said.

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Technology

PYMNTS

NOVEMBER 2, 2020

While much has been written about India’s vast unbanked population — roughly one-eighth by the World Bank’s estimates — the more important issue to really look at is how much of India ’s population is under banked , Mandar Agashe , founder, managing director and vice chairman of Sarvatra Technologies told Karen Webster. After all, what counts as a bank or not is a little bit different in India than it is in the United States, he said.

accounting and finance 84

accounting and finance Technology Finance Account 84

PYMNTS

NOVEMBER 2, 2020

Digital payments network Zelle surpassed the one-billion transaction mark over the past year, with the coronavirus crisis leading to a boost in demand, according to a press release. Zelle said it passed the billion-payments mark in the year ending this September, which also marked the end of the third quarter for the digital payments network, whose corporate parent is Early Warning Services , a FinTech owned by seven of the country’s largest banks.

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PYMNTS

NOVEMBER 2, 2020

NerdWallet , a website providing financial guidance to individuals, has acquired small- to medium-sized business (SMB) resource Fundera , according to a press release. The acquisition will help NerdWallet expand its options for financial guidance and financing options for SMB owners, giving it a bigger piece of the SMB market and "advancing its mission of providing clarity for all of life's financial decisions," according to the release.

Finance 83

Finance quickbooks Education Start-ups 83

PYMNTS

NOVEMBER 2, 2020

In years to come, it’ll be hard to find anything as studied and surveyed as COVID-19’s effects on commerce. And while most predictions are at best informed speculation, certain aspects of life have undeniably kept their appointment with destiny as a result of this pandemic. Topping that list is digital-first living, which went from some promising pilots to a set of hard deliverables in about four months.

Technology 82

Technology Retail Maine Account 82

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PYMNTS

NOVEMBER 2, 2020

Seems like the rebound has legs. To that end, the latest data from the Institute of Supply Management (ISM) showed on Monday (Nov. 2) that the U.S. manufacturing sector continued a rebound that has stretched through the past six months, with the latest showing in October underpinned in part by consumer demand, which in turn translated into continued production of consumers goods.

Manufacturing 81

Manufacturing Construction Transportation Maine 81

PYMNTS

NOVEMBER 2, 2020

Score one sizable victory for human workers at the world’s largest brick-and-mortar retailer. Walmart has ended its contract with a company that provided six-foot-tall robots designed to keep track of inventory on the retailer’s shelves, The Wall Street Journal reports. The decision ends a five-year partnership with Bossa Nova Robotics , which had placed robots in about 500 of Walmart’s 4,700 stores, according to the WSJ citing sources familiar with the situation.

Technology 81

Technology Retail Sales 81

PYMNTS

NOVEMBER 2, 2020

A two-year pilot program between the U.S. Postal Service and the FBI is bringing digital fingerprinting services to more than 100 post offices, according to a Federal News Network report on Monday (Nov. 2). The Postal Service is expanding its offerings to include biometrics and geospatial data. It is also looking to offer services to assist businesses with vetting remote workforce employees, according to the report.

Technology 76

Technology Washington Government Retail 76

PYMNTS

NOVEMBER 2, 2020

Known for its platform for managing business spending, Coupa Software on Monday (Nov. 2) unveiled a deal to acquire Michigan-based LLamasoft in a bid to bolster its supply chain capabilities. Coupa said it has agreed to spend $1.5 billion to acquire LLamasoft, whose artificial intelligence (AI)-powered software is used by companies to help manage their supply chains more efficiently.

Business Spend Management Platform 76

Business Spend Management Platform Michigan Business Spend Management Spend Management Platform 76

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Finance

PYMNTS

NOVEMBER 2, 2020

APS Payments , which works in omnichannel B2B payments, is integrating tech with enterprise resource planning (ERP) product Sage X3 to allow for quick and secure payments, according to a press release. Customers can use APS ClickToPay and APSPays Vault in the Sage X3 financial module, the release stated. Sage X3 is designed specifically for medium-sized businesses, the release stated, offering financial operational management in a quick, simple manner.

B2B 74

B2B Maine Sales Account 74

PYMNTS

NOVEMBER 2, 2020

Few sectors have experienced such radical change in consumer purchasing habits during the pandemic than the quick-service restaurant (QSR) industry. Restaurants turned to digital channels to keep customers and staff safe and adopted QR codes, contactless payments and other tools to order and pay for food. One survey revealed that 34 percent of consumers prefer ordering through restaurants’ apps or websites, while 42 percent said they place digital orders and pick them up curbside.

Massachusetts 74

Massachusetts Sales Technology 74

PYMNTS

NOVEMBER 2, 2020

After first surfacing in reports about a week ago , the rumors it seems are true. Private equity-backed Inspire Brands will be buying Dunkin' Donuts and bringing it private for a whopping $11.3 billion. That represents a purchase price of $106.50 a share, a 20 percent premium on the stock’s closing price on Oct. 23 before rumors of the looming deal began swirling in the ether.

Start-ups 73

Start-ups Sales Account accountant 73

PYMNTS

NOVEMBER 2, 2020

The 2020 holiday season could be a record-breaker for Amazon and Apple , both of which stand to report over $100 billion in revenue for the fourth quarter if predictions go right, according to Bloomberg. Bloomberg reported that the watershed moment for the stock market would also underscore exactly how much of the market the two tech giants corner. In results last week, Amazon predicted revenue forecasts of $112 billion to $121 billion for the period ending in December.

Sales 70

Sales Retail 70

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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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