RogerRossmeisl
OCTOBER 28, 2020
As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. Now, because many estates won’t be subject to estate tax, more planning can be devoted to saving income taxes for your heirs.
BuildYourFirm
OCTOBER 28, 2020
What business owner would not be interested in a 4% corporate tax rate, zero capital gains, and zero dividends tax? Why would a program be created offering wealthy United States citizens such a deal? Puerto Rico has been willing to supply a lucrative tax incentives because it needs money from business owners and investors here in the US. These incentives had been in place for decades and then cut in 1996, which has forced Puerto Rico into a large debt situation.
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RogerRossmeisl
OCTOBER 28, 2020
The COVID-19 pandemic has put enormous pressure on medical practices and healthcare workers. The last thing they need right now is to worry about financial losses and other negative repercussions of occupational fraud. So that physicians and their employees can focus on patient care, they should take a little time now to ensure strong internal controls are in place.
BuildYourFirm
OCTOBER 28, 2020
While aspects of the stock market continue to project economic optimism, we all know that most local businesses are not. In fact, many local businesses have absorbed economic damage and there will be a ripple effect. Some of this is evidenced by our current unemployment rate, which is 7.9%. Prior to the COVID cloud, unemployment was consistently below 4%.
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PYMNTS
OCTOBER 28, 2020
When asked why he robbed banks, Willie Sutton — the famous criminal with four decades of bank robbery experience — is said to have offered what was likely history’s clearest answer: “Because that’s where the money is.”. Whether Sutton ever actually uttered that line is a matter of historical debate. But what isn’t debatable is the essential truth of his purported statement — and how relevant it is to the 2020 holiday shopping season, as Kount Chief Customer Experience Officer Rich Stuppy recent
BuildYourFirm
OCTOBER 28, 2020
In 2006, John Siebert attended Build Your Firm’s Accounting Marketing workshop in Chicago to learn how to develop his own accounting practice. At the time, John’s practice was two years old, generating $70,000 in sales, too reliant on individual tax clients, and not generating enough income to truly support his young family. John’s goals were to acquire small business clients within the dental, medical and veterinary practices while avoiding restaurants and retail businesses.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
LyfeAccounting
OCTOBER 28, 2020
?. As Warren Buffet says, accounting is the language of business. He and other savvy business owners use accounting to make investment decisions and decisions to grow the businesses they invest in. But interestingly enough, many small businesses often neglect their accounting until tax time, or don’t do it all. 9 out of 10 small businesses that fail, fail due to financial mismanagement of their company.
PYMNTS
OCTOBER 28, 2020
B2B ’s pain points when it comes to payments are well known — where paper checks dominate, where even the fax machine makes an appearance. But in a panel discussion with Mike Massaro , CEO of Flywire , four executives from various verticals — from freight management to banking — discussed how pressure points are spurring a shift to digital processes.
RitaKeller
OCTOBER 28, 2020
“Start from wherever you are and with whatever you’ve got.” – Jim Rohn. Recently, you find yourself worrying more than ever. You worry about your family, their health, and your personal health. You also worry a lot about your firm. You worry about your peers, your employees, and your clients. Soon you find your worries may have evolved into fears.
PYMNTS
OCTOBER 28, 2020
Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 trillion in 2020. This growth is not expected to slow down anytime soon, with eCommerce and its associated digital payments expected to hit $4.5 trillion in transaction value by 2023. The surge in payments value belies the difficulties that these transactions face, however.
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
OCTOBER 28, 2020
?. As you can probably tell from the title – 5 year end tax tips, in today’s post, I’ll be going over tax tips and specifically year-end tax tips that will save you on your tax bill! If you’ve ever wondered what you could be doing now to save on your taxes later or just curious about some of the year-end tax planning strategies the wealthy use to save on taxes, then this article is for you.
PYMNTS
OCTOBER 28, 2020
Online retailers should get ready to ring up record eCommerce sales this holiday season. That’s according to a new study issued through Adobe Analytics predicting that “online holiday season spending will reach $189 billion, representing 33 percent growth year-over-year,” according to a Wednesday (Oct. 28) news release. “The holiday shopping season is starting earlier than ever this year, and we expect record online sales as many consumers opt to shop online to avoid stores because of the unkno
PYMNTS
OCTOBER 28, 2020
European Union digital chief Margrethe Vestager has argued against breaking up Big Tech companies, which is contrary to what some officials want to see in terms of dividing Amazon or Apple into smaller companies, according to a report from 9to5Mac. Vestager, quoted in a report from The Information , said although these types of companies could be broken up, doing so might pose more challenges, according to 9to5Mac.
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
PYMNTS
OCTOBER 28, 2020
Bed Bath & Beyond is looking at scaling back its coupons in favor of more of a digital omnichannel approach, CNBC reported. The big-box retailer, traditionally known for its mailed coupons that offered 15 or 20 percent discounts on bedding and other home accessories, will be stepping away from that touchstone. In a meeting with investors, Chief Merchandising Officer Joe Hartsig said he wants to see less of the "overreliance on the coupon.".
PYMNTS
OCTOBER 28, 2020
"What I enjoy most is helping our customers thrive in this rapidly changing world and helping them realize their vision in a way that simplifies the adoption of new technology — capabilities that can unleash their innovation in the digital economy," said Craig Muzilla, senior vice president of Red Hat. He explains to PYMNTS how the pandemic-triggered digital shift has tested the market infrastructure that supports the digital economy.
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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.
FraudFiles
OCTOBER 28, 2020
Executives have the means to commit and cover up the largest frauds. They have access to the information and computer systems, they have power over all employees and they have access to the money. The finance function is riddled with fraud risks and the company’s executives are in the best position to take advantage of those risks. Because of the risk of losing large sums of money to fraud by executives, companies must ensure owners and boards of directors are actively involved in creating and m
PYMNTS
OCTOBER 28, 2020
Cryptocurrency fans in the United States will soon have their own debit card for holiday shopping. Coinbase on Wednesday (Oct. 28) announced it is opening up a waitlist for U.S. consumers interested in applying for its new Coinbase Card, a Visa debit card that enables users to use their Bitcoin or other crypto holdings to shop online and in stores, in addition to converting their cryptocurrencies to cash at the ATM.
SkagitCountyTaxServices
OCTOBER 28, 2020
Right about now, there are writers and analysts already preparing the articles about why the Trump campaign failed. AND right about now, they might be doing the exact same thing in regards to the Biden campaign. Obviously, as of this writing, we have no idea what’s ACTUALLY going to happen. But my point is that if you look well enough, with the right perspective, failure is actually pretty easy to analyze.
PYMNTS
OCTOBER 28, 2020
Justin Benson, CEO of Spreedly, explains how the COVID-19 pandemic has caused a spike in demand among all payment ecosystem participants for greater choice and flexibility. "We see that merchants are able to digitize their commerce faster when these kinds of services are available and effective," he said. "That’s why we think it’s so vital to aid the diversity of platforms and other services in the payments ecosystem.".
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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
OCTOBER 28, 2020
Fiverr reported on Wednesday (Oct. 28) as part of its Q3 earnings report that active buyers increased to 3.1 million as of Sept. 30 from 2.3 million at the same time last year, marking a 37 percent year-over-year rise. In supplemental materials released by the company through a shareholder’s letter , the gig marketplace’s take rate was 27 percent and up 40 basis points year on year.
PYMNTS
OCTOBER 28, 2020
Online pet food and products retailer Chewy has found another way to connect with pet owners and ultimately fuel sales, telehealth sessions with licensed veterinarians. As it rides a wave of growth driven by the coronavirus crisis, Chewy is rolling out a new pet telehealth service, “Connect With a Vet.”. The new service enables “pet parents” and veterinarians as well to connect on Chewy’s “proprietary tele-triage platform,” the company said in a Wednesday (Oct. 28) press release.
PYMNTS
OCTOBER 28, 2020
Enterprise IT solutions platform Oracle is introducing new cloud services to provide smaller banks with the ammunition to fight large-scale money laundering schemes, Oracle said in a statement on Wednesday (Oct. 28). The Oracle Financial Crime and Compliance Management Cloud Service delivers extensive cybersecurity capabilities to financial institutions (FIs) of all sizes.
PYMNTS
OCTOBER 28, 2020
Apple has acquired Barcelona's Vilynx , which works in advanced artificial intelligence that could boost the iPhone's AI across various devices, Bloomberg reports. Apple acquired Vilynx earlier this year, according to people familiar with the issue, Bloomberg reports. Vilynx has developed technology that uses AI to analyze a video's visual, audio and text to understand what is portrayed in the video.
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PYMNTS
OCTOBER 28, 2020
There are two ways to consider consumers’ spending lives, according to Bruce Dragt , chief product officer at CO-OP Financial Services. As he told PYMNTS, the first way is to think in terms of milestone purchases, like buying a home or sending a kid to college — big spending events that tend to demarcate life stages. But the second way, Dragt said, is to look at all of the everyday spending that happens in between those big purchases.
PYMNTS
OCTOBER 28, 2020
Digital payment and banking provider i2c has tapped ex- Citibanamex payment executive Miguel Olvera as its new regional director of business development in Mexico, according to a press release. In his new role, Olvera will be responsible for accelerating expansion efforts and working on strategic alliances with banks, FinTechs, merchants and other third-party ecosystem participants.
PYMNTS
OCTOBER 28, 2020
In the top retail news for today: Paidy has launched 3-Pay in Japan for customers to buy now and pay later, Thrive Market has been designated as a B-corporation, and Amazon is advancing its presence in Sweden with a new eCommerce site and a clean energy grid to support the tech giant’s data centers. PayPal-Backed Paidy Launches ‘3-Pay’ as eCommerce Surges in Japan.
PYMNTS
OCTOBER 28, 2020
SAP SE and Qualtrics , an SAP company, have introduced a new offering that provides entities with the power to find pivotal areas of improvement throughout the source-to-pay workflow to save more money, secure pivotal supply, bolster corporate flexibly and assuage risk, according to a Wednesday (Oct. 28) announcement. The Qualtrics XM for Suppliers offering brings together information from an entity’s SAP S/4HANA, SAP Fieldglass and SAP Ariba platforms with in-the-moment vendor analysis and arti
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