Sun.Jan 31, 2021

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4 Tips for Preparing a Fraud Case for Law Enforcement

RogerRossmeisl

If you’ve caught an employee stealing from your company, you may think that turning the person over to the police will result in prosecution. That’s not necessarily true. Law enforcement officials pursue and reject cases for many reasons. So if you’re determined to request prosecution of an occupational fraud perpetrator, take the following steps to help in preparing a fraud case. 1.

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Jessica Alba’s Honest Co. Files For IPO; Valuation Could Reach $2 Billion

PYMNTS

Baby and beauty products company The Honest Company , which was founded by actress Jessica Alba , is quietly preparing to conduct an initial public offering (IPO), Bloomberg reported, citing unnamed sources. The company could be valued at as much as $2 billion, and an IPO could come as soon as Friday (Feb. 5), Bloomberg reported. As of Sunday (Jan. 31), no filing had been made with the U.S.

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Home Office Deduction Explained: How to Write Off Home Office Expenses & Save on Taxes

LyfeAccounting

?. If you are a business owner that does ANY work from home, and you’re NOT taking the home office deduction… then you’re probably paying more than you have to in taxes to the IRS. But don’t worry, you’re not alone… More than 2 million people overpay the IRS every year. So if you want to keep doing that, then don’t read the rest of this post. BUT, if you want to take the home-office deduction on your tax return, then read on as I am going to give you all of the information you need to do t

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Ripple Files Response To SEC Complaint Over XRP Sales

PYMNTS

Ripple has responded to a lawsuit against it, saying that the Securities and Exchange Commission (SEC)'s opinion that its XRP cryptocurrency is a security is false, a filing says. The SEC contests that Ripple’s digital coin counts as a security and, as such, the SEC is allowed to regulate it. According to the SEC, Ripple had misled investors by selling over $1 billion without registering with the agency.

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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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Employee Retention Credit Expanded Under CAA 2021

RogerRossmeisl

The Consolidated Appropriations Act, 2021 (CAA 2021), signed into law by President Trump on 12/27/20, includes the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA) which extends and expands upon the Employee Retention Credit (ERC) provided by the CARES Act. Well, that’s a mouthful! But whereas most of the COVID-19 related payroll tax provisions have yielded cash flow enhancing mechanisms that were just timing differences (i.e. no actual reduction in taxes due), there’

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Robinhood: Stocks Had To Be Shut Down Over High Deposit Requirements

PYMNTS

Robinhood , the stock trading app purporting to let anyone join in the market, answered questions in a blog post on why it had shut down certain securities like GameStop. The company said in the post it had to do with clearinghouse requirements. According to the post, the company has to meet those requirements by 10 a.m. every trading day in order to support the customer trades between the trade date and when the trades settle.

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FLEETCOR Buys AP Platform Provider Roger

PYMNTS

Business payments firm FLEETCOR Technologies has acquired accounts payable (AP) platform provider Roger , Fleetcor announced in a press release. Terms of the transaction were not disclosed. The release stated, in part: “The acquisition provides FLEETCOR with a proven, modern automation platform for B2B online bill payment. The platform helps [small- to medium-sized businesses (SMBs)] gather and scan invoices and receipts, eliminate manual data entry using machine learning technology, approve and

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London Calling: Turkish Delivery App Getir Expands Internationally

PYMNTS

Getir , a Turkish grocery delivery service whose motor scooter-riding drivers aim to reach customers within 10 minutes of the placing of orders, announced on Twitter that it has set up shop in London. A tweet from the company’s official account, accompanied by a photograph of a driver in a yellow and purple suit standing next to a yellow and purple scooter with a delivery box on the back, states: “London, we’ve arrived!

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TD Bank Creates New Commercial Bank From Combined Services

PYMNTS

TD Bank is unifying its teams for commercial, corporate and specialty banking to forge TD Commercial Bank, a new entity, according to a press release. This will help in offering new levels of growth, a better client and colleague experience, and more streamlined procedures, the release stated. The corporate and specialty banking teams include divisions for Asset Based Lending, Equipment Finance, Institutional Healthcare and Higher Education, Commercial Real Estate and Global Trade Finance.

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City National Bank, Extend Team On Virtual Corporate Cards

PYMNTS

City National Bank has enlisted New York City FinTech Extend to enable the bank’s clients to offer virtual corporate cards to employees, vendors and other business partners, the companies announced in a press release. A key selling point for virtual cards is that users can easily control how they’re used, including canceling them with minimal effort if doing so is necessary, according to the release.

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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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Wall Street Girds For Another Week Of Volatility

PYMNTS

Wall Street is readying itself for yet another week of chaos on the markets involving the pumping-up of stocks like GameStop and AMC , Reuters writes, with it now likely to spread to other stocks. The chaos resulted in a severe drubbing for some of the larger Wall Street hedge funds, including Melvin Capital , which took a hit of 53 percent after retail investors drove up stocks that it had bet against.

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OnPay, CapX Partner On AP Automation

PYMNTS

OnPay Solutions , which works in accounts payable (AP) automation, has struck a partnership with business innovation intelligence platform CapX to offer new supplier payment automation for clients, according to a press release. CapX allows clients to better adopt technology through a curated suite of products, holistic optimization strategies, and workforce solutions that can help with savings, efficiency and revenue streams, the release stated.

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Bitcoin Daily: India Mulls Banning All Private Cryptocurrencies; Kraken, Coinbase Report Outages From Market Volatility

PYMNTS

India is looking into a new bill that could ban private cryptocurrencies in favor of a national digital coin, a report says. The bill, titled the “Cryptocurrency and Regulation of Official Digital Currency Bill,” could create a framework in which the official digital currency is rolled out and issued by the Reserve Bank of India. In that case, the report says private cryptocurrencies would be banned in India, though exceptions would be allowed “to promote the underlying technology of cryptocurre

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German Stock Trading App Trade Republic Rolls Out In France

PYMNTS

Trade Republic , a German startup, is debuting its new app in France this week, a report from Tech Crunch says, expanding on the company's previous work in Austria and Germany. With Trade Republic, users are able to buy and sell shares or exchange-traded funds from a mobile fund with low and transparent fees. The company charges €1 per order in fees.

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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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Israel’s FinTLV Raises $120 Million For FinTech And InsurTech Investments

PYMNTS

FinTLV , a Tel Aviv-based fund that specializes in FinTech and InsurTech companies in their “growth stage” phases, announced in a press release that it has closed a new $120 million fund, FinTLV II. The parent fund already invested $200 million in the space, according to the release. “The insurance industry is a huge industry undergoing a fundamental disruption,” FinTLV Founding Partner Gil Arazi said in the release.

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Republicans Propose $600 Billion COVID Stimulus Compromise

PYMNTS

Ten Republican senators are calling on President Joe Biden to consider a smaller, less costly $600 billion COVID-19 relief bill, according to CNBC. The Biden administration has currently proposed a $1.9 trillion bill, which will consist of $1,400 payments for Americans, $400 extra per week in unemployment benefits, more state and local aid and help with vaccine rollouts, among other things.

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