RogerRossmeisl
JANUARY 12, 2021
In a Treasury Department Press Release dated 1/8/2021, the Treasury Department and Small Business Administration (SBA) have announced that the Paycheck Protection Program (PPP) will reopen the week of January 11. To promote access to capital: initially, only community financial institutions will be able to make First Draw PPP Loans on 1/11/2021, and Second Draw PPP Loans on 1/13/2021.
TaxConnex
JANUARY 12, 2021
Sales tax compliance is complex, there’s no doubting it. While many hoped that the Supreme Court decision in South Dakota vs. Wayfair would make things more clear, it did quite the opposite. As a result of the Wayfair decision over two years ago, sales tax obligations have impacted more and more businesses across all industries, many who previously had no sales tax responsibility.
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PYMNTS
JANUARY 12, 2021
Salesforce is rolling out a new product to let B2C and B2B companies easily add loyalty programs at a time when the company says online holiday retail sales grew 50 percent to top $1 trillion. "Organizations with high levels of customer loyalty outperform their competition, so it's critical that they provide their customers with valuable and memorable experiences to build trust," David Schmaier , CEO of Salesforce Industries, said Tuesday (Jan. 12) in unveiling the company’s new Loyalty Manageme
Withum
JANUARY 12, 2021
2020 was a dark year in our lives and of the world. It began with great cheery optimism and by the first days of Spring the market plummeted losing a third of its opening values. There was a flight to safety in cash and Treasury bonds causing interest rates to drop to amounts we have never seen in this country, not even in the depths of the 2008/2009 disaster, which was not pretty.
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PYMNTS
JANUARY 12, 2021
These days, with the emergence of the cloud, open banking and application programming interfaces (APIs, the moniker “as-a-Service” applies to pretty much any business function that is now able to be outsourced to a third party. That includes Payments-as-a-Service (PaaS) in which providers help enterprises accept a range of transactions from their end customers — whether those end users (the ones actually paying and getting paid) are consumers or corporates.
CapataCPA
JANUARY 12, 2021
PPP2 Application Forms Released After the new COVID-19 relief bill was signed into law on December 27, 2020, $284.5 billion became available to the second installment of the Paycheck Protection Program (PPP2) loans. $35 billion has been set aside specifically for those who are applying for a PPP loan for the first time, and another $15 billion has. The post PPP2 Application Forms Released appeared first on CPA firm in Orange County, CA | CAPATA.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
ThomsonReuters
JANUARY 12, 2021
At many large, global companies, the financial data needed for tax calculations are scattered across the organization and around the world. Corporate tax managers often spend valuable hours trying to ascertain where source data is located and manually gathering the information they need from these disparate sources. Data may arrive via email in a variety of formats and stored in standalone Excel spreadsheets—requiring extensive manipulation so it will conform with tax department applications.
PYMNTS
JANUARY 12, 2021
The federal government is not exactly the poster child for modern payments distribution. It’s a fact that the last year – and two rounds of direct stimulus payments to consumers – has made quite clear. As it turned out, paying out stimulus funds to hundreds of millions of Americans in short order was an incredibly heavy lift. The fact that the government needs to immediately modernize its payments capabilities is something that everyone knew, according to Ingo CEO Drew Edwards – but what has esc
FraudFiles
JANUARY 12, 2021
Divorce and child support cases often are highlighted by disputes over money. One party may be accused of artificially depressing earnings, hiding assets or manipulating the finances to lower the financial obligation to another party. Understanding the complete picture of the finances is necessary before a fair settlement can be reached. Chicago divorce attorney Jeffrey Knipmeyer, partner at Nottage & Ward, cautions that spouses of individuals hiding income and assets rarely have the financi
PYMNTS
JANUARY 12, 2021
Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail stores and warehouses across the United States. Just in the past month, police in San Francisco and Polk County, Fla., broke up two major rings, while six crooks descended on a Balenciaga store in Manhattan and made off with $60,000 of high-end bags in broad daylight.
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.
LyfeAccounting
JANUARY 12, 2021
?. Today, I will be giving you bookkeeping tips to help you better organize your companies’ finances. If you’re a new business owner or even if you already have a business up and running and want to improve the bookkeeping of your business, then this post is for you! Bookkeeping for your business is super important and deserves your utmost attention.
PYMNTS
JANUARY 12, 2021
An ex-employee of SoftBank , a major Japanese wireless carrier, was reportedly arrested on Tuesday (Jan. 12) on suspicion of stealing trade secrets before taking a job with Rakuten Mobile, a smaller rival. The arrest comes at a time when the Japanese government is pressuring mobile companies to cut subscription fees. Nikkei Asia reported that the employee is Kuniaki Aiba, 45, who started working for Rakuten last January and used to work for SoftBank’s mobile unit.
PYMNTS
JANUARY 12, 2021
London-based FinTech startup Curve has raised $95 million in Series C funding led by IDC Ventures, Fuel Venture Capital, and the investment division of Vulcan Capital, launched from the estate of Microsoft co-founder and philanthropist Paul G. Allen. Founder and Curve CEO Shachar Bialick said in a press release on Tuesday (Jan. 12) that the company strives to “empower as many people as possible to take control of their money,” and this latest round of funding is testament to that mission. .
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
RitaKeller
JANUARY 12, 2021
‘You did that this year; why not last year or the year before?’ – Allan Koltin. I hear it said over and over. “When things get back to normal…” Most CPA firms have made great progress since March 2020. Even the AICPA is saying that firms have achieved needed change that they (the AICPA) thought would take five years. Firms did it in a few days and continually improved upon it throughout 2020.
PYMNTS
JANUARY 12, 2021
Visa has opted out of its $5.3 billion planned acquisition of Plaid after objections stemming from a Department of Justice (DOJ) antitrust lawsuit, The Wall Street Journal (WSJ) reported. The antitrust suit challenged the acquisition, saying it would put Visa in a position to maintain a monopoly in the online debit card market. Plaid had been a “nascent but important competitive threat,” WSJ reported, and if Visa had been able to buy Plaid, it could have resulted in higher prices, less innovatio
PYMNTS
JANUARY 12, 2021
The U.K. Financial Conduct Authority (FCA) said new scams could end up having devastating effects on crypto investors, CoinDesk reported. According to the FCA, investors could lose “all their money” if they invest in crypto products offering high returns, CoinDesk reported. The FCA said customers should make sure they understand what they're investing in.
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PYMNTS
JANUARY 12, 2021
Snap , parent of social media company Snapchat , has bought New York City-based StreetCred , which is working on a platform for location data, according to a report from Business Blockchain HQ. The report stated four StreetCred team members, including Co-Founders Randy Meech and Diana Shkolnikov , will be joining with Snap and commence work on products including map- and location-related products.
PYMNTS
JANUARY 12, 2021
Payment operations software company Modern Treasury raised $38 million through an Altimeter Capital-led Series B funding round, according to a Tuesday (Jan. 12) announcement. The company says the infusion came during “explosive growth” for its payment operations and treasury management offerings that let firms immediately close their books with continuous accounting, handle payments and banking via one platform, and have full cash visibility.
PYMNTS
JANUARY 12, 2021
Verizon , Verizon’s Skyward unit and UPS Flight Forward are teaming up to provide drone delivery for retail products using Verizon’s 4G LTE and 5G networks. The companies began testing the drones last year in Florida using Verizon’s 4G network and now plan to test them on Verizon’s new 5G Ultra Wideband network. “We will need the ability to manage and support multiple drones, flying simultaneously, dispatched from a centralized location, operating in a secure and safe environment.
PYMNTS
JANUARY 12, 2021
Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release. "With the new COVID-19 stimulus package signing, many small business owners can apply for another round of Paycheck Protection Program loans,” said Senior Vice President National Sales Manager John Cox Miller in the release.
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PYMNTS
JANUARY 12, 2021
Commerzbank warned German financial watchdog BaFin about Wirecard 's illicit activity early in 2020, before the payment giant's scandal of missing money came to light later in the year, the Financial Times (FT) reported. The new revelation is more proof that fears relating to Wirecard were present and mounting well before the scandal broke last summer.
PYMNTS
JANUARY 12, 2021
The COVID-19 pandemic is fueling a shift from mobile devices as personal computers (PCs) close 2020 with the biggest sales numbers in 10 years, according to a Wall Street Journal (WSJ) report on Tuesday (Jan. 12), citing industry data. “Demand is pushing the PC market forward and all signs indicate this surge still has a way to go,” Ryan Reith , program vice president with International Data Corp.’s (IDC) Worldwide Mobile Device Trackers, told the WSJ.
PYMNTS
JANUARY 12, 2021
Just in time for the resolution season, decluttering maven Marie Kondo has officially joined forces with The Container Store to help consumers clean up their acts. Kondo is best known for her Netflix show, in which she helps consumers simplify their lives by decluttering their spaces. Kondo's famous metric is asking whether or not a particular object “sparks joy” in its owner.
PYMNTS
JANUARY 12, 2021
While the Paycheck Protection Program (PPP) was supposed to be a lifeline for struggling small- to medium-sized businesses (SMBs) during the pandemic, some SMBs that received loans less than $99 didn't find much relief, The New York Times (NYT) reported. There were roughly 300 businesses out of the over 5 million companies receiving loans that got $99 or less, according to NYT.
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PYMNTS
JANUARY 12, 2021
When the largest banks in the U.S. start reporting fourth-quarter results, it is expected that profits will be down by as much as 40 percent from last year, Reuters reported on Monday (Jan. 11). Analysts are forecasting a 42 percent drop in fourth-quarter profits for Citigroup and a 39 percent decline for Wells Fargo. J.P. Morgan Chase is expected to drop by about 5 percent.
PYMNTS
JANUARY 12, 2021
If necessity is the mother of invention, then marketing is the art of creating needs you never knew existed. Nowhere is that dynamic more prevalent right now than at CES 2021, the all-virtual Consumer Electronics Show, where hundreds of companies — large, small, foreign and domestic — are currently vying to wow the world with an array of new product launches and high-tech innovations.
PYMNTS
JANUARY 12, 2021
Revolution Payments has unveiled a Level III credit card processing offering for those who use Salesforce , according to a Monday (Jan. 11) announcement. The announcement stated that the offering eases payment processing and alleviates the higher interchange fees for merchants that are applied without intervention to credit cards from other companies or the public sector.
PYMNTS
JANUARY 12, 2021
Outstanding Foods is developing non-meat equivalents of bacon seasoning, pork rinds and other piggy products for the direct-to-consumer (D2C) and retail markets. In subscriptions, Amazon Prime and Walmart+ saw declines in U.S. paid subscribers in late December. And in eCommerce, discounts can help reduce returns following a season that provided a much-needed windfall for some merchants.
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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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