RogerRossmeisl

JANUARY 25, 2021

The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP loan to help during the COVID-19 crisis (or you received one last year), you may wonder about the PPP loan tax consequences. Background on the loans In March of 2020, the CARES Act became law.

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PYMNTS

JANUARY 25, 2021

In the world of business, where the quest for profits, sales growth and the next big thing is never ending, here’s something you don’t hear every day. “I will die of old age before we've even cracked a fraction of this demand.” . That’s the market summary Outdoorsy Co-founder and CEO Jeff Cavins gave to PYMNTS' Karen Webster on the status of his RV rental platform, which’s about to cross the billion-dollar bookings milestone in only its fifth year in business.

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xendoo

JANUARY 25, 2021

Keep this chart handy or copy the relevant parts of it into your calendar so you won’t miss a due date throughout the year. W-2 Filing. (Wage and Tax Statement for Full- and Part-Time Employees). January 31. Form 1096 Filing. (Information Return by Employers to the IRS on Form 1099s Issued to Independent Contractors). February 29. Form 1099-MISC Filing.

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PYMNTS

JANUARY 25, 2021

The Reserve Bank of India (RBI) is exploring making a digital currency, a reversal of its prior position, according to a report from Cointelegraph. A booklet on payments released by the RBI Monday (Jan. 25), said the bank is “exploring the possibility as to whether there is a need for a digital version of fiat currency,” the report stated, adding that it would put one into use if necessary.

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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

JANUARY 25, 2021

“Focus on being productive instead of busy.” – Tim Ferriss. I think we have all enjoyed browsing the hundreds. thousands… of Bernie memes. I know I had a lot of laughs these past few days. Of course, the most meaningful Bernie meme, for all of us working in the CPA profession, comes from Shayna Brooke, Founder & Chief Strategist at Shaynaco LLC in Gallipolis, Ohio.

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PYMNTS

JANUARY 25, 2021

Mastercard has applied new quantum-resistant technologies in order to develop a new kind of contactless payment, according to a press release emailed to PYMNTS. The new Enhanced Contactless (Ecos) specifications will come along with the demand for more efficient, safer products overall, the release stated. Contactless payments are “future-proofed” in that they will let consumers access the security and convenience for long into the future, according to the release.

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PYMNTS

JANUARY 25, 2021

Last week marked the third anniversary of PSD2 , the regulation that launched open banking in the U.K. and Europe. And those three years have given rise to a slew of new companies capitalizing on that initiative all over the world, as well as established companies making their mark. According to Ossama Soliman , chief product officer at open banking provider TrueLayer , the very fact that there are so many payment options pushes new entrants to differentiate themselves from the pack.

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Patriot Software

JANUARY 25, 2021

As an employer, you can offer small business retirement options, like 401(k) plans, to your employees. But when it comes to 401(k) options, it isn’t just a one and done type of deal. There are a few different types of 401(k) plans to choose from. 401(k) Overview Let’s brush up on what 401(k) is, shall […] READ MORE.

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payroll 91

PYMNTS

JANUARY 25, 2021

Investor Daniel Lubetzky. Twenty-two-year-old entrepreneurs Nick Hamburger and Zack Schreier started their first business in sixth grade, charging students at their Chicago-area school $3 for some cool Japanese soda pop that they bought for $1.25 — until the administration shut them down. Ten years later, their latest venture – a line of healthy, egg white-based chips called Quevos – just secured a roughly $400,000 investment on the ABC TV reality show “ Shark Tank ” from Daniel Lubetzky, who in

Retail 116

Retail Sales 116

Withum

JANUARY 25, 2021

I will be presenting two investment programs for the general public. The first is Thursday, Jan 28 at 12 pm and the second is Sunday, Feb 7 at 10 am. Both will be 1 hour, on Zoom and are free.

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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

JANUARY 25, 2021

The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization. In dozens of virtual presentations and remote round table discussions that took place over the past two weeks, the overarching impact of the coronavirus was a dominant theme, whether tha

Retail 107

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SchoolofBookkeeping

JANUARY 25, 2021

The secret to QuickBooks is a good setup. However, customers that cut corners may start using the program without any help, ultimately creating a big mess. Use this checklist to clean up the files. The post How to Quote a QuickBooks Data File Cleanup appeared first on schoolofbookkeeping.com - Learn bookkeeping, accounting, QuickBooks, financial statements, and more.

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PYMNTS

JANUARY 25, 2021

Canadia's TFI International (TFI) is acquiring Richmond, Virginia-headquartered UPS Freight for $800 million in a deal anticipated to close in the first quarter of 2021. UPS CEO Carol Tomé said in a press release on Monday (Jan. 25) that the agreement with TFI gives UPS the ability “to be even more laser-focused” on its central business and to give its customers “the greatest value.

Virginia 107

Virginia Retail 107

xendoo

JANUARY 25, 2021

While this is an ever-changing situation regarding the latest PPP news, here is what we do know regarding the timeline of new funding in 2021. . January 11, 2021. To enable access for smaller lenders, the SBA will initially only accept First Draw loan applications from local institutions starting on January 11, 2021. The full rollout of PPP will open to all participating lender shortly thereafter.

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Technology

PYMNTS

JANUARY 25, 2021

Russia’s Ministry of Labor has banned federal and local governmental officials — and their spouses and underage children — from holding digital currencies, CoinDesk reported. The announcement, first published on the Ministry’s website in December, is reportedly a move to fight corruption, according CoinDesk, citing Russian news site Forklog. The prohibition is part of a larger legal reform that also bans government officials from opening accounts at foreign banks.

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Government Legal tax Sales 104

FraudFiles

JANUARY 25, 2021

Family Law Attorney Miles Mason discusses the kinds of documents that may be used to verify income in divorce and child support cases. These may include tax returns and related forms, but can also include things like financial statements, loan applications, or evidence of spending.

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PYMNTS

JANUARY 25, 2021

After a long wait and months of debate, the Paycheck Protection Program (PPP) is setting forth on its second round. Congress has allotted $284.5 billion for PPP loans , with $137 billion set aside for “second-draw” loans for firms that need help beyond their initial loan to seek additional aid. The rules have been tweaked this time around to favor genuinely imperiled small- to medium-sized businesses ( SMBs ).

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Withum

JANUARY 25, 2021

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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.

Technology

PYMNTS

JANUARY 25, 2021

German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). Kemper will join N26 in the second half of 2021, replacing co-founder Maximilian Tayenthal, who will become co-CEO with Co-Founder Valentin Stalf, N26 said in a press release. The former CFO of Zalando SE, one of Europe’s most successful eCommerce retailers, Kemper was instrumental in leading the company’s IPO in 2014 on the Fra

Retail 101

Retail 101

GrowthForceBlog

JANUARY 25, 2021

5 min read.

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PYMNTS

JANUARY 25, 2021

To help customers handle their accounts receivable (AR) while conserving time and financial resources, pre-accounting technology company Expensify unveiled a bolstered invoicing feature. The upgrade comes on the heels of the company announcing support for bill payments, according to a Monday (Jan. 25) press release. Expensify’s SmartScan technology gets information from supplier bills for approval and payment with the same infrastructure developed for expenditures.

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Withum

JANUARY 25, 2021

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Advertiser: Paycor

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PYMNTS

JANUARY 25, 2021

The banking industry is still grappling with the pandemic’s unprecedented effects, including a broad digital shift across numerous sectors. Digital banking apps in particular have benefited from this new trend, with 60 percent of bank customers using such apps more often during the health crisis instead of visiting brick-and-mortar branches. This increased digital engagement can create challenges, however, as it opens up new avenues for fraud in addition to making transactions more convenient fo

Missouri 94

Missouri Government Account accountant 94

LyfeAccounting

JANUARY 25, 2021

?. Paying employees in any business is a difficult task. And it could be extremely stressful if you don’t know what you’re doing. Mostly because there are 3 sides to paying your employees: 1. Determining how much to pay your employees. 2. Designing your comp plan to actually motivate them to work hard for you and retain them. 3. Compliance, which is making sure you’re paying your employees correctly to avoid big hefty penalties from the government.

payroll 52

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PYMNTS

JANUARY 25, 2021

Davos. It’s a small skiing village in Switzerland that has become synonymous with the World Economic Forum’s signature event that, in better years, has drawn CEOs, celebrities and international political leaders to discuss the macroeconomic trends that will define global business. So it was interesting that this year, the WEF decided to focus on a smaller issue: namely, the plight of SMBs.

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PYMNTS

JANUARY 25, 2021

To get a glimpse of the state of spending, one needs only to look at the card networks, the gross dollar volumes and cross-border activity to get a sense of where debit and credit are picking up, and where travel is recovering – and where it’s not. Mastercard , Visa and American Express (Amex) all report fourth-quarter results this week, and the management commentary on the earnings calls will discuss macro events and shifts in spending patterns, such as the great pivot toward contactless spendi

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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.

Finance

PYMNTS

JANUARY 25, 2021

Recent developments have many around the world cautiously hopeful that 2021 will be very different from 2020, that COVID-19 vaccines will finally reverse the pandemic’s course and that life will get return to some semblance of normality. If and when this comes to pass, however, it is safe to say that not all facets of daily life will simply revert back to a pre-pandemic reality.

Sales 89

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PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. Plus, British travelers age 55 and older are powering a formidable rise in trip bookings. Reserve Bank Of India Wants To Crack Down On Big Shadow Lenders.

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PYMNTS

JANUARY 25, 2021

Volvo Financial Services (VFS), the captive financing arm of Volvo Group, has announced that Payer will help it optimize payments and improve the customer experience for auto service and repairs, a press release says. Payer works in payments technology. The release notes that the increasing globalization of the world has posed challenges for the international transport community.

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B2B Transportation Finance Technology 86

PYMNTS

JANUARY 25, 2021

Business spend management provider Corcentric has rebranded three companies it had previously acquired under its own moniker, including source-to-pay provider Determine , eBilling provider Netsend and Source One , which works in strategic sourcing, according to a Monday (Jan. 25) press release. The new version of Corcentric, according to the release, will aim to reduce operating costs and allow for new potential in enterprises.

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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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