Tue.Dec 01, 2020

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Save on Your Business Taxes – 6 Useful Planning Tips from the Experts

MyIRSRelief

As ruthless as the IRS can be, they aren’t completely heartless and they themselves know that businesses can’t be expected to hand over unreasonable amounts of profit every time they file their tax returns. As a result of this, for people looking to save on your business taxes, the IRS is set up in such a way that it provides a series of tax breaks aka deductions for individuals and business owners alike.

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6 Benefits of Outsourcing Sales Tax Compliance

TaxConnex

In light of the Wayfair decision, and due to recent new hires in a new state or increased online sales, you’ve determined you meet sales tax nexus thresholds outside of just your home state and now you have to collect, file, and remit sales tax in multiple states. What a headache. To make matters worse, this is a compliance issue, so you must act. What do you do?

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Save on Business Taxes – 6 Useful Planning Tips from the Experts

MyIRSRelief

As ruthless as the IRS can be, they aren’t completely heartless and they themselves know that businesses can’t be expected to hand over unreasonable amounts of profit every time they file their tax returns. As a result of this, for people looking to save on your business taxes, the IRS is set up in such a way that it provides a series of tax savings, breaks aka deductions for individuals and business owners alike.

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It’s Official: Salesforce Plans To Buy Slack For $27.7 Billion

PYMNTS

Salesforce has inked a definitive agreement to buy Slack Technologies for an enterprise value of roughly $27.7 billion based on the Monday (Nov. 30) closing price of Salesforce’s common stock, according to a Tuesday (Dec. 1) announcement. “[Slack CEO and Co-Founder Stewart Butterfield ] and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” Salesforce Chair and CEO Marc Benioff said in the announcement.

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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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California Proposition 19: Tax Changes

KROST

California Proposition 19 passed with just over 51% of the vote in the general election on November 3rd and is expected to become law. This new law has two separate effective dates: February 16, 2021 – For beneficiaries of real estate that use the property as a primary residence. April 1, 2021 – For transferring a property tax assessment to a new location within the state of California.

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Kount, Snowflake Team To Offer Customer Data Insights

PYMNTS

Kount , which works in digital fraud protection and identity trust, announced today (Dec. 1) that it is working with data cloud provider Snowflake to provide enhanced, artificial intelligence- (AI) driven insights into customer behavior, according to an emailed press release. The product is titled Data on Demand and will work as a "private data warehouse," the release said, working with insights from Kount's Trust Global Network and powered through machine learning and AI capabilities.

More Trending

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Alibaba Bridges Cross-Border B2B Buyer-Seller Trust Gap

PYMNTS

Legacy cross-border payment methods that may have been inconvenient but endurable in 2019 no longer serve firms’ needs in 2020. Last year saw 68 percent of companies using wire transfers to transact with international business partners, but more firms are now regarding this approach as too friction-heavy. Businesses also may find paper checks to be untenably slow and cumbersome to issue or receive from far-flung partners, and such trends are causing a growing global momentum for adopting swifter

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Business Tax Provisions: The Year in Review

SmallBusinessAccounting

Whether you file as a corporation or a sole proprietor, here's what business owners should keep in mind when it comes to their 2020 taxes.

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Cutting Through The Cross-Border Payments Confusion

PYMNTS

The world doesn’t lack for stories about cross-border payments gone wrong. As North Lane Technologies CEO Seth Brennan told Karen Webster in a recent conversation, we’ve all heard the horror stories about someone trying to do something relatively simple, like send $100 to a family member in another country. In some examples, by the time the money went through all the byzantine steps that have historically made up the cross-border payments process, only about $4 worth of spendable value actually

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Applying for Tax-Exempt Status as a Nonprofit

SmallBusinessAccounting

Whether you're starting a charity, a social organization, or an association there are certain steps you must take before you can apply for tax-exempt status.

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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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Virgin Money, Redspire Team On Business Banking

PYMNTS

Glasgow-based bank Virgin Money has partnered with Redspire , a local FinTech, to help boost its presence in the business account market, according to a report from Daily Business Group. The bank is working to launch its Virgin Money Business program next year, with the target being 100,000 small to medium-sized business (SMB) customers by the end of 2025 and 20,000 by the end of 2022, the report says.

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Year End Checklist for Small Business Bookkeeping

IgniteSpot

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Bitcoin Daily: Bitcoin Crests $19,800; Russian Bank To Launch Sbercoin Crypto In 2021

PYMNTS

Bitcoin saw a new all-time record high on Monday (Nov. 30), rising above $19,800 in the morning and resting at 19,633.264 at 7:32 p.m. Eastern Time. The high price point beat its previous record high, set in 2017, CNBC reported. Bitcoin’s price has been steadily rising in recent weeks, climbing above $19,000 last week , thanks to the pandemic-driven shift toward digital payments and cryptocurrency adoption by several mainstream companies, including Square and PayPal.

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IRS Finalizes Regulations Addressing Meals and Entertainment Expenses

Withum

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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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NEW DATA: What US Consumers Want Grocery Stores To Know About How They Want To Shop And Pay

PYMNTS

As consumers spend more time at home, they continue to order groceries online in far larger numbers than they ever did before the pandemic. In fact, even more consumers have shifted to ordering their groceries online over time, as 15.7 percent of all grocery shoppers now say they are buying fewer groceries in stores and more online than they had prior to the pandemic — roughly four times more than the 3.9 percent who had shifted back on March 6.

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Working Remotely Could Affect Your Taxes

SmallBusinessAccounting

If you're working remotely from a location in a different state (or country) from your office, you could be facing a tax surprise next year.

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Facebook, PetSmart Lead Giving Tuesday For Social Spin On Holiday Shopping

PYMNTS

Giving during the holiday season is about getting beyond the circle of family and friends. This year it’s about turning toward those who enter the festive season in need. And in 2020, due to the unfortunate reality of the COVID-19 pandemic and the wave of joblessness it has carried along in its wake, that need is likely going to be more acute for some than ever.

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The Source of Truth

RitaKeller

“How to give people feedback is one of the hottest topics in business today.” – Marcus Buckingham . This is a follow-up to yesterday’s post about giving and receiving feedback. It is an excerpt from the article, The Feedback Fallacy, via HBR, written by Marcus Buckingham and Ashley Goodall. Just in case you didn’t read the entire article, here is a segment that speaks volumes.

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No-Code Technology: The Key to Unlock the Future of Your Business

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.

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Iceland Central Bank Debuts Instant Payments

PYMNTS

The Central Bank of Iceland (CBI) is debuting a new instant pay platform with partnership with SIA , a European company specializing in high-tech payment services and infrastructures, according to a press release. The service will help CBI focus on a more "strategic and modern" infrastructure for both high and low payment values, and it will use SIA's technology to enable better connectivity with other central banks.

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Individual Taxpayers: Recap for 2020

SmallBusinessAccounting

As we close out the year, here's what individuals and families need to know about tax provisions for 2020.

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Amazon Expands Call Center Business Technology With Voice Recognition

PYMNTS

As Amazon sees new demand for cloud services because of the pandemic, the company has announced voice recognition as part of its new services suite for call center businesses, Reuters reported. Andy Jassy, who runs Amazon Web Services (AWS), the company's division for the firm's cloud computing services, said the new product would be called Amazon Connect Voice ID, according to Reuters.

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Applying for Tax-Exempt Status as a Nonprofit

AbeyeHailu

Whether you're starting a charity, a social organization, or an association there are certain steps you must take before you can apply for tax-exempt status.

Tax 40
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Black Friday Data: Amazon Tightens Digital-First Market Share Grip

PYMNTS

Amazon’s grip on the online shopping industry appears to be tightening. A new survey of Black Friday shoppers from PYMNTS showed the Seattle retailing giant dominated its rivals in the traditional post-Thanksgiving holiday season kickoff. According to a Black Friday survey from PYMNTS, 75 percent of respondents said they went to Amazon in search of deals last Friday compared to the 43 percent who clicked on Walmart.com and the 33 percent who said they shopped at Target.com.

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Working Remotely Could Affect Your Taxes

AbeyeHailu

If you're working remotely from a location in a different state (or country) from your office, you could be facing a tax surprise next year.

Tax 40
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OECD: China To Lead 2021 World Economic Recovery While Europe Lags

PYMNTS

China is forecast to be the first major economy to recover from the global pandemic recession, with Europe lagging behind, according to the Organization for Economic Cooperation and Development (OECD). China is expected to see its gross domestic product grow 9.7 percent in 2021’s fourth quarter compared to Q4 2019, according to OECD figures quoted by The Wall Street Journal.

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Business Tax Provisions: The Year in Review

AbeyeHailu

Whether you file as a corporation or a sole proprietor, here's what business owners should keep in mind when it comes to their 2020 taxes.

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Recruit and Retain New Blue-Collar Talent

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.

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Payments As A Service Help Banks Build Resiliency

PYMNTS

The pandemic has shone a light on some glaring inefficiencies in B2B payments. To that end, Deepak Gupta , global head of PaaS at Volante Technologies , told PYMNTS that the cloud – and payments as a service (PaaS) – can help banks serve the payment needs of their corporate clients, building resiliency for both financial institutions (FIs) and the enterprises they serve.

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Small Business: Deductions for Charitable Giving

SmallBusinessAccounting

Tax breaks for charitable giving are not limited to individuals; your small business can benefit from them as well.

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Slow Economic Growth, Continuing COVID Outbreaks Could Impact EU's Public, Private Sectors, IMF Says

PYMNTS

The International Monetary Fund (IMF) said Monday (Nov. 30) in a statement that the second wave of the coronavirus is stifling an economic rebound in the eurozone and additional funding could be necessary. “Rising infections and re-imposed lockdowns have damaged confidence and lowered mobility,” according to the statement. A second wave of the coronavirus has triggered partial or total lockdowns in several eurozone economies, including Germany, France, Italy and Spain.

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Small Business: Deductions for Charitable Giving

AbeyeHailu

Tax breaks for charitable giving are not limited to individuals; your small business can benefit from them as well.

Tax 40
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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.