TaxConnex

DECEMBER 15, 2020

We understand that sales and use tax may not be your biggest priority, but if not managed correctly, it can cause major headaches. Understanding the various aspects of your sales tax process is critical to minimize your risk and to keep your business on solid ground as it relates to sales tax. If your company is like many businesses these days, you may be tempted to go the “easy route” when determining how best to manage your sales tax requirements.

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Sales Tax Technology tax return 130

PYMNTS

DECEMBER 15, 2020

GoDaddy has agreed to acquire Poynt , which lets businesses sell and accept payments anywhere through its suite of products, according to a press release. GoDaddy plans to pay $320 million in cash at closing, along with $45 million in deferred cash payments subject to various performance and employment standards in the next three years, the release stated.

Technology 135

Technology Retail 135

Withum

DECEMBER 15, 2020

This time of year, I always receive a few Christmas letters from friends that recap their year. They come with their holiday cards. Not all are from people celebrating Christmas, but they all have a common purpose of keeping in touch with friends and family and recapping the year. I suggest that this year such letters are more important than ever.

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PYMNTS

DECEMBER 15, 2020

Facebook is planning to roll out a new feature called Super to let people pay celebrities or content creators for the chance to interact with them on a live broadcast, Bloomberg reported, similar to the app Cameo. The Cameo app reflects the attitude during the pandemic in which public figures look to connect with fans in digital manners while many places and events remain shut down or restricted, letting people pay celebrities to send personalized messages.

Entertainment 118

Entertainment 118

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Account

KROST

DECEMBER 15, 2020

This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “Challenges Facing the Real Estate Industry in the Wake of COVID & the Election” by So Sum Lee. It’s no question that the economy as a whole was (and continues to be) stressed by the COVID-19 pandemic. Now with the coming election, more uncertainties could be on the horizon. 2020 is shaping up to be one of the most unique and challenging times in recent history.

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Real Estate Delaware California accounting and finance 69

PYMNTS

DECEMBER 15, 2020

While apparel sales have been uneven in 2020, as consumers have shown a greater preference for comfy loungewear to haute couture, Amazon’s battle to enter and drive the segment has continued apace. At the end of Q3, Amazon was closing in on $30 billion in gross apparel and footwear sales and within range of finally passing long-time market leader Walmart.

Sales 111

Sales Start-ups Technology Retail 111

PYMNTS

DECEMBER 15, 2020

Payments in the legal cannabis industry is a tricky nut to crack. While the general expectation is that federal legalization is on the horizon, it will take some time for electronic payment rails to open up to legal cannabis businesses, meaning cash is likely to persevere as the dominant transaction method for the short- to medium-term. It's not only consumer transactions that are feeling the pains of an industry reliant on cash, either.

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Legal B2B AP Processes accounts payable 111

Katz,Sapper&Miller

DECEMBER 15, 2020

During a transaction, there are a lot of moving parts: Both buyer and seller want to make sure they are getting the best possible deal, and detailed legal, financial, and operational diligence takes center stage. Oftentimes, this means the net working capital target is negotiated last. But minimizing its importance could be a critical mistake.

Legal 52

Legal 52

PYMNTS

DECEMBER 15, 2020

Paper-based payment processes are slow and costly, and tend to exacerbate existing payment pain points when collecting receivables. This is the key takeaway from a study of 2,203 small to large businesses representing a variety of sectors. The good news, however, is that two-thirds of firms are cognizant of these issues and are actively moving away from manual processes, planning instead to embrace new technological solutions to upgrade their accounts receivable (AR) processes for more efficienc

Technology 111

Technology Construction Healthcare Maine 111

FraudFiles

DECEMBER 15, 2020

When fraud happens within an organization’s accounting system, there is often a paper (or digital) trail left behind. It’s unavoidable, as there is a record of something related to the fraud, whether it is a legitimate invoice that was later adjusted, an account balance that was changed, or a fake employee who was added to the payroll system. Frauds involving bribery and corruption are different.

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accounting system payroll account management accounting manager 52

Advertiser: Paycor

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PYMNTS

DECEMBER 15, 2020

The pandemic has left vendors struggling and more concerned than ever that they receive their funds without delay. Buyers, too, are eager for change and need to adopt accounts payable (AP) methods that are easily managed by employees working from home. Frictions like these are pushing more businesses to rethink their legacy approaches to business-to-business (B2B) payments and adopting various digital options for sending money.

Healthcare 107

Healthcare B2B Technology accounts payable 107

Withum

DECEMBER 15, 2020

public accounting 98

public accounting Account accountant accounted 98

PYMNTS

DECEMBER 15, 2020

It’s hard to say which is the best part of buy now, pay later (BNPL). Let’s go with “pay later.”. Debatably the most impactful payments innovation of recent years — and that’s saying something — BNPL is having a massive impact on retail, as evidenced by the proliferation of brands and the steady flow of venture capital to players that are defining the space.

Finance 102

Finance Start-ups Retail Sales 102

RitaKeller

DECEMBER 15, 2020

“The mark of higher education isn’t the knowledge you accumulate in your head. It’s the skills you gain about how to learn.” – Adam Grant. Last year at this time, could you ever visualize needing a person with the title Head of Remote Work? Darren Murph is Head of Remoe for a software firm that has been all remote since 2012.

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North Carolina cpa firm CPA Washington 40

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.

PYMNTS

DECEMBER 15, 2020

WEX Inc. said on Tuesday (Dec. 15) said it has wrapped up its previously announced deal to buy eNett, which is a B2B payment solution provider, and Optal, a firm that focuses on optimizing B2B transactions. WEX paid an overall roughly $577.5 million in consideration from cash on hand, according to an announcement. With the deal, WEX is growing its leadership suite inside the travel and business solutions area.

B2B 101

B2B Healthcare 101

Withum

DECEMBER 15, 2020

Tax 88

Tax tax planning 88

PYMNTS

DECEMBER 15, 2020

Barclaycard is launching a new program, Barclaycard Precisionpay Go, to let companies issue virtual cards for employees' online purchases, according to a press release. The offering is touted in the release as a way to offer "convenience, choice and flexibility" for remote workforces and help employers keep track of visibility for expense management through a mobile app.

Expense Management 101

Expense Management B2B 101

Withum

DECEMBER 15, 2020

Tax 52

Tax tax planning 52

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 15, 2020

The People's Bank of China (PBoC) is looking to close the widening digital divide and has warned merchants that they must accept cash or face disciplinary action, Reuters reported on Tuesday (Dec. 15). Most businesses in China have gone digital and some have stopped taking cash altogether, in part due to the coronavirus, but also as a means of cost control and user demand.

Gaming 96

Gaming Government Technology 96

PYMNTS

DECEMBER 15, 2020

Real-time rails continue to gain traction as solution providers debut new tools wielding existing instant payment infrastructure to enhance their offerings to business customers. Increasingly, those value-added services are not only focusing on speed of payment, but also enhancing the data that end-users can access about their transactions, with new solutions from Bank of America and Scotiabank some of the latest to bring real-time rails to corporates.

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B2B Technology Account accountant 94

PYMNTS

DECEMBER 15, 2020

Keeping consumers invested and engaged is an eternal challenge for retailers. Merchants must constantly reevaluate their customer-targeting efforts to suit the latest commerce developments, and many are pivoting from brick-and-mortar advertising to focus their outreach online or via social media channels. The pandemic is accelerating this digital shift, sending merchants scrambling to meet consumers’ rapidly fluctuating shopping and payment behaviors.

Retail 94

Retail 94

PYMNTS

DECEMBER 15, 2020

In another sign of the strength of initial public offerings (IPOs) right now, eCommerce site Wish has sold shares to investors at the top of its price range, the Financial Times (FT) reported. ContextLogic, which does business under the name Wish, priced IPOs at $24 a share, according to unnamed sources quoted by FT, which was the upper tier of the company’s $22 to $24 price range.

Sales 94

Sales 94

Advertiser: Paycor

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.

PYMNTS

DECEMBER 15, 2020

Six weeks after securing passage of the Proposition 22 ballot measure that overturned a California law requiring part-time workers to be reclassified as employees, two of its biggest backers have rolled out new fees to offset expenses related to additional worker benefits. As the fees continue to add to the restaurant bill, the increases also beg the question as to how much the consumer will bear before they decide curbside pickup is a better option.

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California New York Illinois Massachusetts 90

PYMNTS

DECEMBER 15, 2020

IBM has acquired Montreal-based FinTech Expertus Technologies , according to a press release , in a bid to boost its hybrid cloud and artificial intelligence (AI) tech as well as its digital payment strategies. Expertus works in cloud services for the financial industry with over 1,000 banks, credit unions, regulatory agencies and corporates, which process around $50 billion daily from around the world on its platform, the release stated.

Technology 89

Technology 89

PYMNTS

DECEMBER 15, 2020

Genesis Holdings Inc., the current wholly-owned intermediate holding company of JD Sports Fashion Plc in the U.S., bought all of the issued shares in the Shoe Palace Corporation and the members’ interests in Nice Kicks LLC, according to a Tuesday (Dec. 15) announcement. "We could not imagine a better way to continue to build on the legacy of our family business.

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Sports California Hawaii Arkansas 88

PYMNTS

DECEMBER 15, 2020

New Jumio data indicates that new account fraud based on identity verification fell 23.2 percent globally in 2020 in contrast to 2019, according to an announcement from the identity verification and electronic know-your-customer (eKYC) provider. Jumio’s Holiday New Account Fraud Report ’s fourth iteration looks into fraudulent attempts to open a new account with a modified government-issued ID in addition to a corroborating selfie.

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Account accountant accounted Gaming 86

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Finance

PYMNTS

DECEMBER 15, 2020

The European Commission released on Tuesday (Dec. 15) extensive potential new regulations for digital services that would cover online marketplaces, social media and other platforms, offering first drafts for the Digital Markets Act (DMA) and the Digital Services Act (DSA) to the public. The draft had been rumored and speculated on for the better part of the last month and has drawn the opposition of several big tech companies, including Google.

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PYMNTS

DECEMBER 15, 2020

Subscription services are among the few industries that have not only survived but also thrived during the pandemic as consumers have sought to entertain themselves from home and receive goods at their doorsteps rather than venture out to stores. Software -as-a-Service (SaaS) providers have also done well as cash-strapped businesses look for ways to reduce upfront capital costs and as many in the workforce are telecommuting and requiring their in-office software at home.

Entertainment 75

Entertainment Gaming Start-ups Retail 75

PYMNTS

DECEMBER 15, 2020

Identity verification solution provider Acuant has teamed with accounts payable (AP) automation company Tipalti to automate essential services in payment and transaction monitoring, according to a Tuesday (Dec. 15) announcement. Tipalti has seen a dramatic rise in transaction volume and has exceeded $12 billion in annual transaction volume this year, the announcement stated.

Technology 75

Technology AP Automation accounts payable Account 75

PYMNTS

DECEMBER 15, 2020

The pandemic has brought seismic changes to the way credit unions interact with their members. Digital transformation is among the most noticeable changes, but it doesn’t herald the end of the brick-and-mortar experience, Brian Scott , senior vice president and chief growth officer at PSCU , told PYMNTS in a recent interview. Scott noted that fewer credit union mergers happened in 2020, largely due to the pandemic.

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Maine Technology Account accountant 74

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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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