Mon.Jan 18, 2021

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Q1 2021 Tax Deadlines for Businesses

RogerRossmeisl

Here are some of the key Q1 2021 tax deadlines affecting businesses and other employers. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. In addition to the Q1 2021 tax deadlines, contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January 15 Pay the final installment of 2020 estimated tax.

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Tax Implications Created by Remote Workers

BurklandAssociates

In this article, Burkland’s Head of Tax Services, Ardy Esmaeili, and Trang Mai outline three important tax implications created by remote workers. COVID-19 has opened up the world of remote Read More. The post Tax Implications Created by Remote Workers appeared first on Burkland.

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When Investigating Fraud, Beware of Bias

RogerRossmeisl

Despite our best intentions, almost everyone brings some bias to human interactions — even business owners and executives investigating fraud. Sometimes bias can lead to the right conclusion. However, bias can also compromise an investigation’s integrity. If you suspect fraud in your organization and decide to investigate yourself, be sure to guard against bias that may lead you to the wrong culprit or into legal trouble.

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APIs, Data Analytics Bring Cash Flow Control To The Back Office

PYMNTS

The pandemic is causing fluctuations in the global economy, and supply and demand shifts are causing many businesses to face liquidity stresses and limited credit access. These factors are putting companies to the test, especially in how they handle their corporate finances. There have also been shifts in how customers pay for goods and services, with s ocial distancing policies making contactless transactions essential and pushing consumers toward payment methods such as bank transfers and dig

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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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Can Your Business Benefit from the Enhanced Employee Retention Tax Credit?

RogerRossmeisl

COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable Employee Retention Tax Credit (ERTC), which was extended and enhanced in the latest law. Background on the credit The CARES Act, enacted in March of 2020, created the ERTC. The credit: Equaled 50% of qualified employee wages paid by an eligible employer in an applicable 2020 calendar quarter, Was subject to an overall wage cap

Tax 135
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Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

PYMNTS

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. This week, NRF’s Retail’s Big Show , as it is commonly referred to, will host a virtual version of its four-day confab, including 90 sessions and 300 exhibitors who will speak to the future of retail in a post-COVID-19 environment.

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Deep Dive: How Digital ID Verification Can Help Firms Streamline The Remote Hiring Process

PYMNTS

The pandemic has heaped more than a few stresses on employers, and adding workers has emerged as an especially challenging task. Hiring has slowed across many sectors, but the need to replace departing workers or add employees amid growth remains for some industries. The pandemic continues to keep social distancing rules in place, however, which means that virtual hiring has become the new standard. .

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States With Paid Family Leave (+ Map & Chart)

Patriot Software

In 2020, eligible employees in every state could receive paid family leave … temporarily, under the Families First Coronavirus Response Act. But outside of this expired emergency legislation, there are only a handful of states that require paid family leave. According to the most recent BLS data, 16% of private industry workers regularly have access […] READ MORE.

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Infineon Debuts Employee ID, Mastercard Payment Card

PYMNTS

Infineon Technologies , which works as a semiconductor manufacturer, is doing away with employee identification cards at its Germany headquarters and instead implementing a new smart card solution that combines office building access and Mastercard contactless payments capabilities, according to a FinTech Intel report. The new tech is called the Campeon Card, according to the report.

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Presidential Tidbits

Withum

Tomorrow our 46th president and 49th vice president will be inaugurated. Here are some tidbits I found interesting and are sharing. These are not necessarily about inaugurations.

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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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Africa's B2B Produce Landscape Sows The Seeds Of Digitization

PYMNTS

In a geographic market as large as Africa, fragmentation within the food and agriculture industry has created plenty of points of friction and inefficiencies that disrupt B2B trade workflows — for both farmers and their buyers. Suppliers are often small, independent farming operations with limited resources available to focus on optimizing their B2B sales initiatives, whereas buyers similarly operate in a fragmented market with significant barriers to optimizing everything from vendor discovery

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Best Business Credit Cards in 2021 [Cards For Everyone]

LyfeAccounting

?. Today, we’re going over the top business credit cards you need to know about. There is a card for literally everyone here… new business owners, seasoned business owners, those who love to travel, those with good credit, those with bad credit, those who just want cash back. …you name, I’ll be discussing it. In fact, I’ll be breaking my list into categories so you can find the perfect card for your needs.

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Sequoia Could Put $7.2 Billion Into Auto1 With IPO Approaching

PYMNTS

Sequoia Capital has agreed to invest around 6 billion euros in Auto1 Group before the online car trading platform's initial public offering (IPO), Bloomberg reported Monday (Sept. 18), citing anonymous sources. Germany-based Auto1, backed by Japanese billionaire Masayoshi Son's SoftBank, has seen popularity as of late, as rival U.S. fund Lone Pine Capital reached a preliminary deal to buy around 50 million euros of Auto1 stock from DN Capital , an early investor.

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Tax-Free Payments to Employees to Cover COVID-19 Expenses Are Deductible

LSLCPAs

Often-Overlooked IRS Section 139 Provides Relief Can we deduct COVID-19-related expenses used to help our employees? This is an excellent question from some of our clients, and the answer is yes. It’s a small silver lining in this pandemic situation because not only is the expense deductible for the employer, […]. The post Tax-Free Payments to Employees to Cover COVID-19 Expenses Are Deductible appeared first on LSL CPAs.

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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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UK To Require Companies To Pay Small Businesses In 30 Days

PYMNTS

The U.K. government is looking to crack down on companies that take too long to pay suppliers, according to a report from the Financial Times (FT). The effort is intended to relieve pressure on small- to medium-sized businesses (SMBs) facing cash flow troubles because of the ongoing pandemic. On Tuesday (Jan. 19), the government is planning to strengthen the Prompt Payment Code , which is currently only voluntary, to make it so that 95 percent of invoices for SMBs have to be paid within 30 days,

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Imagining the Unimaginable Can Make You a Better Leader

RLLeaders

“Nobody could have imagined this.” “This is unbelievable.” “I can’t believe what we’re seeing.”. That was the language of January 6 th as domestic insurgents desecrated the hallowed halls of the U.S. Capitol. From a standpoint of human emotion, each and every one of the above statements is completely understandable. They are also completely wrong. As horrific as they are, events like what we witnessed this week are imaginable.

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COVID-19 Scams Target The Business Community

PYMNTS

With a second Paycheck Protection Program (PPP) on the way, small businesses have yet another chance to secure much-needed financial relief. But new concerns are mounting over the U.S. government's inability to curb the risk of fraud that emerged during the first round of PPP funding. Reports in The Wall Street Journal said the latest pandemic relief package allocates $284 billion in PPP loans for small businesses.

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Drama, Fear & Conflict

RitaKeller

“Leaders do not avoid, repress, or deny conflict, but rather see it as an opportunity.” – Warren Bennis. Accountants, in general, are kind, caring, and sincere. They live their lives helping their clients become successful. They often have difficult conversations with their clients. Inside their own CPA firm, they ignore conflict and avoid confrontation.

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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How Decathlon Deployed QR Codes For Seamless And Secure Contactless Payments

PYMNTS

Contactless payments have surged in popularity over the past year, fueled by both an increased reliance on digital banking as well as the effort to contain COVID-19’s spread by preventing consumers and workers from having to touch point of sale (POS) system surfaces or handle cash. Mastercard revealed that 79 percent of its cardholders around the world now prefer contactless transactions, and there was a 40 percent increase in such transactions during Q1 2020.

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Department of Labor Issues Updated Guidance for Missing Participants of Pension Plans

Withum

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ACI: Innovation Will Accelerate The Digital Economy In 2021

PYMNTS

Debbie Guerra, executive vice president of merchant payments and payments intelligence solutions at ACI Worldwide , dives into how digital transformation will be key to enabling businesses, individuals and entire economies to recover from the huge challenges presented by the pandemic. "Even after the pandemic subsides, the digital acceleration we experienced in 2020 will not — it is here to stay," she says in " A Look Forward: What Executives Wish for America and the World in 2021.".

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Technology Healthcare Trends for 2021

Withum

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion

PYMNTS

Singapore-based FinTech Grab is mulling a U.S. initial public offering of at least $2 billion in the wake of failed merger talks with Indonesian rival Gojek. Sources told Reuters that Grab is looking to take advantage of the red-hot IPO market in the U.S. The pricing, size and timing of the deal have yet to be determined. If the company chooses to proceed, the IPO could be the largest market debut ever made by a Southeast Asian company on a foreign exchange.

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On-Demand Webinar: The Evolving Role of Internal Audit in Healthcare

Withum

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British SMB FinTech Firm Tide Looks To Grow In India

PYMNTS

As part of its international growth plans, British business FinTech company Tide unveiled intentions for an experimental rollout in India in the first quarter of this year with a broader launch to come, Business Standard reported. Tide India is poised to come online in Q1 2021 beginning with an alpha pilot offering based on its international technology stack.

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Get a Handle on Business Spend Management with Sage Intacct

Withum

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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HR Software Firm Personio Raises $125 Million In Series D Funding

PYMNTS

Human resources (HR) technology company Personio landed $125 million in new and preemptive Series D funding in an investment round that provides the company with a value of $1.7 billion, according to a Monday (Jan. 18) announcement. The new funding will speed up additional international growth, helping with the company’s aim of “becoming Europe’s leading HR platform” for small- and medium-sized businesses (SMBs), according to the announcement.

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Against the Odds, Savings Rate Rises

RogerRossmeisl

Against the odds, savings rate rises. (This is Blog Post #964). The post Against the Odds, Savings Rate Rises appeared first on Roger Rossmeisl, CPA.

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2020 Saw Record Number Of CFO Resignations

PYMNTS

Last year saw more resignations from chief financial officers than any other year, with the pandemic having adverse effects on corporate balance sheets, The Wall Street Journal reported Monday (Jan. 18). In 2020, there were 37 companies in the S&P 500, including big names like General Motors and HP , that said their CFOs would quit. The number was 27.6 percent higher than the previous year.

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Bitcoin Daily: Hack Shuts Down Crypto Exchange Livecoin; Former Canadian Prime Minister Says Bitcoin May Be Reserve Currency In Future

PYMNTS

After announcing that it was hit by a cyberattack in December, Russian cryptocurrency exchange Livecoin announced in a note that it is shutting its business and refunding its clients. “Our service has been damaged hard in technical and financial way,” the exchange said in the note. “There is no way to continue operative business in these conditions.”.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.