PYMNTS

JANUARY 20, 2021

Pointing to increased demand for premium products and continued lifestyle changes from the coronavirus, Procter & Gamble reported an 8 percent increase in total revenues Wednesday, led by a 50 percent increase in its online sales. In announcing its fiscal second-quarter results, the Cincinnati-based consumer goods giant also credited its “constructive disruption” strategy for a 15 percent jump in earnings, which also allowed it to increase its full-year forecast.

Sales 117

Sales Construction Gambling Technology 117

CapataCPA

JANUARY 20, 2021

Employee Retention Credit The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was an economic stimulus bill that was signed into law on March 27, 2020. One of the provisions of the CARES Act was the Employee Retention Credit, which provides payroll tax credits available for employers, including tax exempt organizations who retained employees during.

payroll tax 98

payroll tax cpa firm payroll CPA 98

PYMNTS

JANUARY 20, 2021

Make no mistake. While they are a unique sub-segment of global consumers, digital gamers and gamblers are just like every other denizen of the internet: They want to be paid what they have won, preferably as fast as possible. “Consumers keep demanding a better, more convenient, seamless, secure user experience that makes their lives better. And this is happening across many verticals,” Mastercard ’s Senior Vice President of Digital Payments Silvana Hernandez told PYMNTS in a recent conversation.

Gaming 110

Gaming Gambling Sports Entertainment 110

SkagitCountyTaxServices

JANUARY 20, 2021

Let’s start today with a couple questions I’ve been getting here at Padgett & Padgett, PLLC CPA from our Skagit County small business clients about the second round of the PPP, and some of the new provisions of the recent bill that affect businesses. If I received the first PPP, should I include this number in calculating whether I “lost 25%+” to qualify for the second round?

CPA 90

CPA tax preparation Tax accounting and finance 90

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

PYMNTS

JANUARY 20, 2021

U.S. finance chiefs aren’t sure what to do with the massive borrowed cash piles they’ve accumulated for pandemic relief, the Financial Times (FT) reported. The numbers came out to $2.5 trillion borrowed by corporate America last year. But if the economy begins to recover as the year goes on, some chief financial officers (CFOs) aren’t sure what to do with their excessive fortunes, according to FT.

Finance 106

Finance Start-ups B2B 106

LyfeAccounting

JANUARY 20, 2021

?. Alright, so we know a fresh round of PPP funds, by the tune of billions, should be here at any moment. But, I’ve noticed something; there’s still a ton of questions and confusion surrounding the new Paycheck Protection Program. Questions like: If I got it last time, can I get it again? Are expenses deductible? Does my business type qualify? …and the list goes on.

Non-Profits 52

Non-Profits payroll Healthcare Hospitality 52

KROST

JANUARY 20, 2021

This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue , titled “Manufacturing Companies Beware: CCPA May Impact Your Business” by Keith Hamasaki, CPA. The California Consumer Privacy Act (“CCPA”) is a comprehensive framework to protect California residents (consumers). Effective January 1, 2020, data protection became a California requirement for businesses.

Manufacturing 52

Manufacturing California Legal accounting and finance 52

PYMNTS

JANUARY 20, 2021

In today’s top retail news, Birkenstock is said to be in discussions for a sale to CVC Capital Partners, while Cognira has released its AI Promotion Solution. Plus, Jennifer Lopez is depending on Flowcode for marketing of her new JLo Beauty brand. Birkenstock Discusses Potential Sale With CVC Capital Partners. Birkenstock is reportedly in talks for a sale to CVC Capital Partners.

Retail 95

Retail Start-ups Sales Technology 95

SchoolofBookkeeping

JANUARY 20, 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. When they need to prepare financial reports for any reason, they suddenly realize it’s. Read More. The post How to Quote a QuickBooks Data File Clean Up appeared first on schoolofbookkeeping.com - Learn bookkeeping, accounting, QuickBooks, financial statements, and more.

quickbooks 52

quickbooks bookkeeping financial statements Start-ups 52

PYMNTS

JANUARY 20, 2021

There’s an old saying that goes, “no good deed goes unpunished.” And when it comes to rewarding employees with a holiday or other work anniversary reward, the last thing businesses need is to have their generosity become a tax headache. Other than small things like a pen or providing staff with free coffee, anything given to employees that has a clear cash value attached to it is considered taxable by the IRS, said Nat Salvione , chief commercial officer of Tango Card.

Tax 93

Tax accounts payable accounting and finance Finance 93

Advertiser: Paycor

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RitaKeller

JANUARY 20, 2021

First of all, I want you to know that I do believe in hands-on management. You can’t leave people in a void, wondering what your expectations are. It’s all about communication and how you go about communicating. However, I have worked with accountants long enough to know that they tend to be perfectionists. Yes, the work produced by CPAs must be absolutely accurate.

Account 40

Account accountant accounted cpa firm 40

PYMNTS

JANUARY 20, 2021

Restaurant chains say the recent personal stimulus checks have helped them out, a Wall Street Journal report says, though spending patterns from last time around suggest that might not last. According to the report, the $900 billion COVID-19 relief package passed last December, which included $600 payments for adults and children as well as $300 weekly unemployment boosts, while less than the CARES Act allowed last March, has still had an effect on consumer behavior.

Florida 91

Florida Gaming Sales Government 91

Withum

JANUARY 20, 2021

financial statements 78

financial statements 78

PYMNTS

JANUARY 20, 2021

Buying a house is so 1980s. And that’s a problem. Even though legal real estate transactions have been happening for centuries, the basic process itself is every bit as complex today as it has ever been, with very little of the digital disruption that’s transformed countless other industries. “It’s shockingly difficult to buy a house, and it’s expensive as well,” Qualia CEO Nate Baker said in an interview with PYMNTS, noting typical fees that amount to 10 percent of transaction value on both sid

Real Estate 88

Real Estate Technology accounting and finance Legal 88

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.

Withum

JANUARY 20, 2021

69

69

PYMNTS

JANUARY 20, 2021

Globe Fintech Innovations of the Philippines, the FinTech arm of Globe Telecom , landed $175 million in additional venture funding this month. Now, Globe Fintech, known as Mynt , is reportedly on the hunt for more cash — and looking to get a valuation over $1 billion. Nikkei Asia reported on Wednesday (Jan. 20) that Mynt is eyeing a further round of fundraising.

New York 88

New York Finance 88

Withum

JANUARY 20, 2021

52

52

PYMNTS

JANUARY 20, 2021

Tom Blomfield , founder of Monzo , is leaving the U.K. challenger bank, citing "challenges" from the pandemic, a report from TechCrunch says. Blomfield served as been CEO of Monzo until last spring, when he became its president. In a telephone interview cited by the news site, Blomfield said he'd been unhappy at the bank for the last few years, but the pandemic had made pressures worse and strained his personal relationships.

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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

ThomsonReuters

JANUARY 20, 2021

Background. Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Employee Retention Credit (ERC) provides a refundable payroll tax credit for 50% of qualified wages of up to $10,000 per employee for a maximum credit of $5,000 per employee. Under the CARES Act, the ERC may be claimed for wages paid after March 12, 2020, and before January 1, 2021. “Eligible Employers” include private-sector businesses and tax-exempt organizations whose operations have been ful

payroll tax 105

payroll tax payroll Tax Government 105

PYMNTS

JANUARY 20, 2021

Google Cloud is rolling out Product Discovery Solutions for Retail, a new suite of services that will use artificial intelligence (AI) and machine learning (ML) to help eCommerce firms deliver personalized consumer experiences during a shopping journey’s initial phase. "As the shift to online continues, smarter and more personalized shopping experiences will be even more critical for retailers to rise above their competition," Carrie Tharp , Google Cloud’s vice president of retail and consumer,

Retail 83

Retail Sales Technology Account 83

PYMNTS

JANUARY 20, 2021

The Chinese eCommerce services startup WeTrade Group is looking to raise about $121 million in its transfer from the OTC board to Nasdaq, according to the S-1 filed with the U.S. Securities and Exchange Commission (SEC). Currently listed on the OTC under the symbol WETG, the membership-based eCommerce platform WeTrade has a market cap of $1.7 billion.

Hospitality 83

Hospitality Construction Manufacturing 83

PYMNTS

JANUARY 20, 2021

The Mobility Open Blockchain Initiative ( MOBI )'s Vehicle Identity (VID) II Working Group unveiled the second part of a vehicle identity standard that uses blockchain technology, according to an announcement. MOBI is a nonprofit alliance that includes automakers, startups and smart city leaders, among others, working on standards in blockchain, distributed ledgers and adjacent innovations, per the announcement.

Transportation 81

Transportation Finance Technology Retail 81

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

JANUARY 20, 2021

The Vietnamese eCommerce market is getting crowded with numerous different companies to choose from, a Financial Times (FT) report says, leading to a clash between Shopee and Alibaba. Shopee, the article says, has become a favorite for its free deliveries and low fees. The company, owned by Singaporean tech group Sea , received 62 million monthly visits in Vietnam in 2020's third quarter, an over 80 percent increase from a year earlier.

Gaming 80

Gaming Finance 80

PYMNTS

JANUARY 20, 2021

It was John Adams, second president of the U.S., who once said: “Every problem is an opportunity in disguise.” Apparently, Andy Pforzheimer and Dave Pace have been brushing up on their history. Because while the restaurant industry continues to navigate an existential crisis brought on by the pandemic, Pforzheimer and Pace have found a way to inject more capital in the beleaguered sector and create a new opportunity at the same time.

Real Estate 79

Real Estate Technology Start-ups Education 79

PYMNTS

JANUARY 20, 2021

Amazon has filed a lawsuit against the European Union, accusing the EU's competition watchdog of granting Italian antitrust officials leeway, according to Reuters on Wednesday (Jan. 20). The investigation on behalf of Amazon took issue with the EU for giving the Italian Competition Authority the power to file its own lawsuit. The eCommerce giant maintains that Italy’s lawsuit should be folded into the EU’s case.

Legal 78

Legal 78

PYMNTS

JANUARY 20, 2021

The corporate card industry continues to dig its heels into adoption efforts with the launch of new products and features designed to elevate the value of the card beyond a mere means of payment. This week's look at commercial card innovation finds industry players embracing collaboration to streamline accounting, widen acceptance, and connect business card holders to a range of third-party services.

quickbooks 78

quickbooks accounting and finance B2B Spend Management 78

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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 20, 2021

In the intense tug of war in which brands engage for the love and loyalty of consumers, matters get rather more serious when discussing the austere nature of the banking hierarchy. While the pecking order of big banks and their competitors is clear enough in PYMNTS latest Provider Ranking of Credit Card Apps , there are subtle changes this time that hint at changes yet to come as banking apps vie for the newly-minted digital-first consumer.

Account 76

Account accountant accounted 76

PYMNTS

JANUARY 20, 2021

Miami-based micromobility startup Bolt , co-founded by Olympic gold medalist Usain Bolt, is expanding to 48 new markets after acquiring the assets of Last Mile Holdings, which included the mobility-as-a-service (MaaS) platform Gotcha. “This was a perfect fit,” Bolt CEO Ignacio Tzoumas said in a press releas e. “This acquisition allows us to dramatically expand our footprint across the U.S.”.

Transportation 75

Transportation Technology 75

PYMNTS

JANUARY 20, 2021

Anniversaries offer a moment to pause and reflect, and look back on what’s past and what’s to come. That includes anniversaries in the payments space, of course. Last week, Jan. 13 to be specific, marked the third anniversary of open banking’s official launch across the pond in the United Kingdom. In broad strokes, open banking lays out a path and process for banks and other financial institutions (FIs) to share their customers’ data with third parties (even competitors), where that data tie int

accounting and finance 75

accounting and finance Finance Start-ups Account 75

PYMNTS

JANUARY 20, 2021

Demonetization may have helped shift India’s payments ecosystem toward digital channels. But it is the pandemic that is serving as steady tailwind — boosting the country’s momentum. To that end, Tufts University ’s Fletcher School , in collaboration with Mastercard , said that India is fourth in “momentum” among 90 economies ranked at the end of last year.

Education 73

Education B2B Retail 73

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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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