PYMNTS
DECEMBER 9, 2020
In what’s beginning to feel like something of a trend in recent years, the payments landscape has seen its latest big global consolidation. Italian payments processor Nexi SpA recently announced plans to purchase private equity-owned rival Nets A/S, creating Europe’s biggest payments firm by volume. It’s just the latest in a series of mega-mergers seen throughout the industry.
Withum
DECEMBER 9, 2020
Nothing lasts forever unless someone does the best they could to make it last and they have the wherewithal to do it. People don’t last but some of what they accomplished might.
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PYMNTS
DECEMBER 9, 2020
When Home Depot announced last month its plans to acquire HD Supply Holdings , it wasn’t just a sign of expansion for the home improvement retailer. The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market.
Katz,Sapper&Miller
DECEMBER 9, 2020
We are pleased to announce our newest group of directors. Distinguished by their outstanding performance and integrity, these talented individuals provide insight and technical expertise to help their clients achieve great things. We are proud to call them our colleagues and grateful to have them on our team.
Advertiser: Paycor
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.
PYMNTS
DECEMBER 9, 2020
Bill.com and Wells Fargo are partnering on a new feature called Bill Manager to help small- to medium-sized businesses (SMBs) access automation for the accounts payable (AP) and accounts receivable (AR) process, according to a press release emailed to PYMNTS. Bill Manager will integrate cloud-based processes from Bill.com into Wells Fargo's digital banking service, the release stated, creating a paperless method for paying bills and offering "simplicity, visibility and control.".
ThomsonReuters
DECEMBER 9, 2020
It will come as no surprise after the year we’ve had: the growing risk of fraud in the 2020 year-end audit is real. A number of audit clients have been struggling to survive the COVID-19 pandemic. This means that going concern assessments are more critical this year than ever. It also means that fraud risk is increasing.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Patriot Software
DECEMBER 9, 2020
If you’re thinking about hiring employees, you need a plan for payroll. But with the added expense of wages and benefits, you might not be too keen on the high price tag that comes with outsourcing payroll. Fear not—you can learn how to do payroll yourself. How to do payroll yourself You might be wondering, […] READ MORE.
PYMNTS
DECEMBER 9, 2020
The cybersecurity firm FireEye — which counts numerous government agencies among its clients — said in a blog post that its proprietary tools were hacked by a suspected nation-state. “We were attacked by a highly sophisticated threat actor, one whose discipline, operational security, and techniques lead us to believe it was a state-sponsored attack,” Kevin Mandia , chief executive officer, said in the post.
FusionCPA
DECEMBER 9, 2020
Airbnb offers Superhosts a chance to buy the stock of the IPO at the true listing price of $68 through a " Directed Share Program '' via Morgan Stanley. This means with proper tax planning , Airbnb Superhost entrepreneurs can enjoy stock gains! This is a very unique offering by Airbnb and they are only making this offer available at this price to Superhosts.
PYMNTS
DECEMBER 9, 2020
Cryptocurrency platform startup Circle has overhauled its network to advance mainstream trading, while its stablecoin USDC has surpassed three billion in circulation, growing by nearly 500 percent in 2020. “At the core of Circle’s latest platform upgrade is a new digital currency-native treasury account infrastructure, Digital Dollar Accounts, which empowers businesses of all sizes to store value natively in digital currency while maintaining compatibility with legacy electronic money and paymen
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.
RitaKeller
DECEMBER 9, 2020
“To reminisce with my old friends, a chance to share some memories, and play our songs again.” – Ricky Nelson. During 2020 we experienced great change. It doesn’t matter if you are working in a CPA firm or elsewhere. It doesn’t matter if you are retired or a child, change touched your life in a significant way. It’s December.
PYMNTS
DECEMBER 9, 2020
The Federal Trade Commission (FTC) and 48 states launched a massive antitrust lawsuit on Facebook Wednesday (Dec. 9), accusing the social media network of “illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct,” according to a press release. The FTC is seeking an injunction in federal court that could require divestitures of assets, including Instagram and WhatsApp.
PYMNTS
DECEMBER 9, 2020
Managing credit risk used to be a reactive process. Bank customers would fall behind on their payments, and their banks might react by imposing fees or having a case manager work with them to bring their accounts back up to speed. In severe cases, banks might have to take the drastic measure of closing accounts altogether. This was not only costly for customers, but also financially dubious for their banks.
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
RogerRossmeisl
DECEMBER 9, 2020
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the §199A deduction. The QBI deduction: Is available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships, and S corporations, as well as trusts and estates.
PYMNTS
DECEMBER 9, 2020
Uber Connect , the rideshare giant’s package delivery service, is being rolled out to new locations in more than 2,400 U.S. cities and towns to enable people to send and receive gifts, treats or whatever else they need. . “Connect can help deliver holiday cheer even if we’re apart,” Akansha Kumar, product lead at Uber Connect, said in a blog post on Wednesday (Dec. 9).
PYMNTS
DECEMBER 9, 2020
French ski resorts are mounting a legal challenge against the government’s order to keep ski lifts closed at resorts this holiday season. While resorts can remain open, President Emmanuel Macron has asked that the lifts that transport skiers to the mountains remain closed until at least January to help lower the spread of COVID-19, according to a Bloomberg report.
PYMNTS
DECEMBER 9, 2020
The pandemic has spurred consumers to go online for all manner of daily activities — and the fraudsters are following them. The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used.
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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.
PYMNTS
DECEMBER 9, 2020
Not a bad debut — not by any measure. But one wonders if the rocket fuel will last. At this writing, DoorDash shares are changing hands more than 80 percent higher headed into the close of their first day of trading. That translates into an intraday price of $182, up from the $102 where shares had initially priced , above a range that had been reported to be between $90 and $95.
PYMNTS
DECEMBER 9, 2020
The attorney general of the District of Columbia, Karl Racine, has written a letter ordering DoorDash Inc. to stop charging eateries a 30 percent fee on each order through the delivery company’s DashPass subscription offering, Reuters reported, citing an unnamed source. News of the reported letter comes on the heels of DoorDash reaching a $2.5 million settlement with the district’s attorney general for purportedly misrepresenting that diner tips would go to drivers.
PYMNTS
DECEMBER 9, 2020
DoorDash soared on its first day of trading on the New York Stock Exchange Wednesday (Dec. 9), surging over 85 percent from its initial public offering (IPO) price of $102 to close out the trading day at $189.51. The food delivery company trades under the ticker symbol of “DASH.”. Food delivery has been a green shoot during the coronavirus pandemic, as consumers limit their time outside of their residence as much as they can.
PYMNTS
DECEMBER 9, 2020
A tech upstart – a FinTech, no less – breaking even in 2020? Could happen. For more than one company. We’re being a bit tongue in cheek, but the fact remains that digital-only banking is getting a wider embrace – especially in Europe, as the pandemic surges yet again. Open banking, of course, allows financial data to be shared and synthesized across everyday financial life, making banking by app far less of a novelty than it once was.
Advertiser: Paycor
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PYMNTS
DECEMBER 9, 2020
In today’s top news, cybersecurity firm FireEye announced that it had been hacked by a suspected nation-state, and PayPal’s iZettle added QR code payments to its POS app in the U.K. Plus, Robinhood is in talks to go public. Cybersecurity Firm FireEye Hacked By Suspected Nation-State. The cybersecurity firm FireEye — which counts numerous government agencies among its clients — said in a blog post that its proprietary tools were hacked by a suspected nation-state.
PYMNTS
DECEMBER 9, 2020
The market’s appetite for tech companies holding initial public offerings (IPOs) of stock continues to build, as Airbnb pushes for higher prices for its IPO. On Sunday (Dec. 6), Airbnb said it was increasing its IPO price range to between $56 and $60 a share , up from a previous range of $44 to $50. In addition, food delivery platform DoorDash aimed to raise up to $3.14 billion in its IPO.
PYMNTS
DECEMBER 9, 2020
Redbox has debuted on-demand movies and TV shows to its ad-supported streaming service Redbox Free Live TV, a report from Engadget says. Users can download the Redbox app and access VOD freebies through the "Free on Demand" tab and then access free shows and movies through iOS or Android devices, Roku devices or Vizio displays. The company is also working on support for LG and Samsung devices along with Xbox and Chromecast in the near future, Engadget reported.
PYMNTS
DECEMBER 9, 2020
Software maker C3.ai , which was founded by former Oracle Corp. executive Tom Siebel , is pricing its initial public offering (IPO) above the marketed range, aiming to make $651 million, Bloomberg reported , quoting unnamed sources familiar with the goings-on of the company. The company, based in Redwood City, California, sold 15.5 million shares on Tuesday (Dec. 8), pricing them at $42 a piece after initially putting them at $36 to $38, according to the unnamed sources.
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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.
PYMNTS
DECEMBER 9, 2020
With her company’s stock trading at an all-time high, Stitch Fix Founder and CEO Katrina Lake told investors this week that the company’s ability to adapt to lifestyle changes brought on by the pandemic have positioned it well for continued growth. At a time when brick-and-mortar stores continue to feel the effects of light traffic and reluctant shoppers, Stitch Fix’s business model of sending a box of hand-selected clothing and accessories straight to the consumer’s door each month is working,
PYMNTS
DECEMBER 9, 2020
SoftBank-backed DoorDash priced its initial public offering (IPO) shares at $102 each on a valuation of $32.4 billion, the Financial Times reported on Wednesday (Dec. 9). The pricing surpassed expectations of $90 to $95 a share. The new valuation makes the Silicon Valley startup the biggest individual public food delivery firm in the United States.
PYMNTS
DECEMBER 9, 2020
As corporate card innovation accelerates, new paths to adoption emerge. This week's Commercial Card Innovation Tracker explores how the industry is forging those new journeys: Visa, for instance, is embracing digital currency for corporate cards, while others like WEX and Conferma Pay explore the opportunities emerging in the virtual corporate card arena.
PYMNTS
DECEMBER 9, 2020
IKB Deutsche Industriebank AG , which works in lending and public loans, will work with Hypoport subsidiary and corporate finance platform fundingport on corporate finance improvements, according to a press release. Hypoport is a tech-focused financial service provider. As part of the deal, IKB will gain a 30 percent stake in fundingport. With the partnership, IKB will set up a new sales channel, offering a "significant" amount of additional corporate finance deals through fundingport.
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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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