TaxConnex

DECEMBER 3, 2020

Alpharetta, GA - TaxConnex, Inc today released the results of a new survey finding that the increasing sales tax complexities, growing nexus, limited resources and additional audits are among the top worries of financial professionals in 2021. The nationwide survey, conducted by Porter Research Group in November of 2020, is composed of responses from 100 top finance professionals on their thoughts and experiences in managing sales tax.

South Dakota 138

South Dakota Sales Tax audit 138

PYMNTS

DECEMBER 3, 2020

For all of the innovation that's occurred in the banking landscape, it's often consumers – not corporates – that benefit from the latest technologies. While FinTech innovators continue to drive competition with a focus on product functionality and an optimal end user experience, businesses are often forced to use outdated tools, according to Frank Dux , managing director of CoCoNet.

B2B 105

B2B Technology Retail Account 105

Withum

DECEMBER 3, 2020

Withum has prepared a 48 page e-book with year-end tax planning ideas that is available for easy download. See link at end of blog.

tax planning 66

tax planning Tax 66

PYMNTS

DECEMBER 3, 2020

Data from the Census Bureau’s latest survey indicates that about a third of Americans are anticipating further job loss, pay cuts and evictions due to COVID-19’s economic fallout. The third phase of the experimental Household Pulse Survey was released by the Census Bureau on Wednesday (Dec. 2) in collaboration with several federal agencies. The survey aims to collect data and glean insights about American households amid the global pandemic.

New York 97

New York Government 97

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LSLCPAs

DECEMBER 3, 2020

Changing accountants could very possibly be the best thing you do all year. It’s something that happens for several reasons, ranging from having an accountant retire to going through a change in your business that requires something more or different than what the present accounting firm offers. Assuming the decision […]. The post How to Change Accountants, & Why You’d Want a Change appeared first on LSL CPAs.

Account 52

Account accountant accounted cpas 52

PYMNTS

DECEMBER 3, 2020

J.P. Morgan Asset Management has announced that it has agreed to acquire FinTech 55ip , which works to help financial advisors deliver tax-smart investment strategies, according to a press release. The release stated 55ip will still operate as its own separate company, but it will have the "full support" of J.P. Morgan. 55ip, which has been operating for nearly five years, works in automated tax technology, and Founder and Executive Chairman Dr.

Technology 91

Technology Tax 91

PYMNTS

DECEMBER 3, 2020

The digital shift brought on by the coronavirus has caused treasury banks to reprioritize their support of digital payments as consumers and merchants increasingly demand fast, easy and secure ways to get their money. And while the origins of that trend pre-date the current crisis, Silvana Hernandez , senior vice president of digital payments at Mastercard , tells PYMNTS that the pandemic has sped up the process.

Start-ups 89

Start-ups B2B Legal Account 89

ThomsonReuters

DECEMBER 3, 2020

IRS Notice 2020-84 (Nov. 24, 2020). Available at [link]. The IRS has announced the annual increase in Patient-Centered Outcomes Research (PCOR) fees paid by health insurers and self-insured health plan sponsors. PCOR fees were established by the Affordable Care Act (ACA) and are used to support clinical effectiveness research. Because the ACA provision included an expiration date, PCOR fees originally were collected only for plan years ending before October 1, 2019.

Tax 52

Tax Account accountant accounted 52

PYMNTS

DECEMBER 3, 2020

Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. In this week's look at payment rails innovation, Visa embraces blockchain and digital currency to facilitate corporate and small business payments, while CardUp supports commercial card payments by mixing payment rails for easier supplier acceptance.

B2B 88

B2B Technology Account accountant 88

ThomsonReuters

DECEMBER 3, 2020

Annual Report to Congress on HIPAA Privacy, Security, and Breach Notification Rule Compliance for Calendar Year 2018; Annual Report to Congress on Breaches of Unsecured Protected Health Information for Calendar Year 2018. Compliance Report. Breach Notification Report. HHS’s Office for Civil Rights (OCR) has posted its 2018 calendar-year reports to Congress on— (1) HIPAA privacy, security, and breach notification rule compliance; and (2) the HIPAA breach notification program.

audit 52

audit Tax Account accountant 52

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.

PYMNTS

DECEMBER 3, 2020

Having a customer’s credit card on file or being able to take payments online is a common practice for many retailers. But increased adoption by healthcare providers of such basic processes during the pandemic has marked a huge step forward for an industry that’s focused on delivering care, Rectangle Health Chief Technology Officer Mike Peluso told PYMNTS recently.

Healthcare 85

Healthcare Hospitality Retail Technology 85

LSLCPAs

DECEMBER 3, 2020

You’ve just been told you need an audit by your banker to satisfy covenants, or your Board of Directors is requiring that an audit be performed. Most CPA firms perform audits in accordance with Generally Accepted Accounting Principles (GAAP). During an audit, your CPA will perform a test of your […]. The post What You Should Expect from Your CPA During an Audit |For Privately Held Companies appeared first on LSL CPAs.

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audit CPA accounting principles cpa firm 52

PYMNTS

DECEMBER 3, 2020

Might mobile payments help revolutionize corporate cards? David Wood , director of products at Conferma Pay , told PYMNTS in a recent Masterclass that mobile payments are increasingly becoming an essential component of the business payments landscape, providing a “consumersation” experience for business essentials, and will inevitably lead to a change in the corporate card environment.

B2C 85

B2C B2B Entertainment audit 85

RitaKeller

DECEMBER 3, 2020

“ There is no dignity quite so impressive, and no independence quite so important, as living within your means. ” – Calvin Coolidge. In my presentations and on this blog, I often talk about the value of perseverance. The following quote from Calvin Coolidge about persistence says it wonderfully. When you are facing challenges inside your firm, when all the partners aren’t on the same page, keep telling yourself: Press on.

Education 40

Education 40

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

DECEMBER 3, 2020

The pandemic has significantly altered the way consumers of all age groups and income levels shop and pay, with many turning to online and mobile channels to reduce health risks. Yet, the two most connected consumer groups — bridge millennials and superconnected consumers — have changed their habits the most. Both bridge millennials and superconnected consumers own more connected devices than the average consumer and are considered to be on the cutting edge of digital adoption.

Retail 84

Retail 84

Withum

DECEMBER 3, 2020

64

64

PYMNTS

DECEMBER 3, 2020

Boris Johnson gets his COVID vaccine in public. Three U.S. presidents agree to do the same. The CEO of American Airlines takes his beleaguered 737 Max jet on a maiden voyage. All of it begs the question: What makes for being a good influencer as 2020 comes to a close? It is a trickier than expected question to answer, given how much our lives have changed over the last eight or so months.

Maine 84

Maine Gaming Retail Account 84

Withum

DECEMBER 3, 2020

Account 52

Account accountant accounted 52

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Technology

PYMNTS

DECEMBER 3, 2020

After the year we’ve seen so far, uncertainty is probably just about the last thing the retail segment wants as a holiday present for 2020. But the good news is that as the season spins up, there are glimmers of hope for a better future on the horizon, Randy Piatt , Ondot Systems ’ head of product solutions, recently told PYMNTS. He said the trouble is that the horizon is still pretty out of reach – and only dimly visible.

Finance 84

Finance Retail 84

PANALITIX

DECEMBER 3, 2020

RESOURCES / ARTICLES. Finding Your Niche: Lessons from Accountants on the Specialization Journey. Accounting businesses are thinking ahead to 2021… and Panalitix is fortunate to be working closely with many of them in North America, Europe, Australia and New Zealand. One observation is that many partners are not satisfied with the current state of their businesses.

Account 231

Account accountant accounted North Carolina 231

PYMNTS

DECEMBER 3, 2020

Apparently, there is no limit to how low some cyberspies will go. An IBM cybersecurity team blew the whistle on Thursday (Dec. 3) on what it called in a blog post a sophisticated “global phishing campaign” that targeted organizations involved in a key part of the supply chain for the various COVID-19 vaccines under development. In particular, the hackers targeted the organizations involved in the “cold chain,” the component of the supply chain designed to keep vaccines “persevered in temperatu

Transportation 81

Transportation Finance Sales Technology 81

ThomsonReuters

DECEMBER 3, 2020

QUESTION: Our company has decided to self-insure our major medical plan (which is subject to ERISA). Since our plan has been fully insured until now, the insurer has made all claims and appeals decisions without the company’s involvement. Now, we are engaging a TPA to provide certain administrative services for the self-insured plan. Will the TPA assume claims and appeals responsibilities like the insurer has?

Legal 59

Legal Tax Account accountant 59

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PYMNTS

DECEMBER 3, 2020

Walmart is reportedly laying off an additional 1,200 workers as part of a reorganization that encompasses the big consumer shift to online shopping. In July , Walmart cut its workforce by laying off hundreds in its logistics, real estate and retail location-planning divisions. “We are continuing on our journey to create an omnichannel organization within our Walmart U.S. business,” Jami Lamontagne , a spokesperson for Walmart, said in a statement to PYMNTS at the time.

Arkansas 76

Arkansas Real Estate New Jersey Retail 76

ThomsonReuters

DECEMBER 3, 2020

The IRS has issued a draft of the 2021 version of Publication 15 ((Circular E), Employer’s Tax Guide). The draft addresses issues such as qualified leave wages for 2020 paid in 2021, the impact of the 2020 COVID-19 related tax credits on the 2021 look-back period and provides further clarification on lock-in letters and invalid W-4 forms. Background.

income tax 78

income tax Tax payroll tax payroll 78

PYMNTS

DECEMBER 3, 2020

Wintrust Financial Corporation has selected global enterprise technology provider NCR Corporation to provide its new digital-first banking platform, according to a press release. Wintrust is a $43 billion platform with 15 branded community bank subsidiaries and will leverage NCR to help provide a new "unique branded experience" and aid customers across its 180 locations, changing the experience at both digital and branch channels, the release stated.

online accounting 76

online accounting Technology Account accountant 76

PYMNTS

DECEMBER 3, 2020

Online delivery platform Instacart is teaming up with regional Midwest retailer Meijer to provide same-day delivery of groceries. "Customers rely on Instacart to get the groceries and goods they need from the retailers they love," Instacart President Nilam Ganenthiran said in a Thursday (Dec. 3) press release. "Meijer is an iconic, family-owned grocer that has served families across the Midwest for more than 85 years.

Retail 73

Retail Illinois Wisconsin Kentucky 73

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Finance

PYMNTS

DECEMBER 3, 2020

U.K. challenger bank Monzo has closed a funding round with another 60 million pounds ($80.3 million), the same amount as its last funding round from June, TechCrunch reported. Monzo has now raised 125 million pounds ($167.3 million) during the pandemic. The company also now has over 4.8 million customers, including over 60,000 business users, and over 100,000 in its paid-for current accounts Monzo Plus and Monzo Premium, according to the report.

Account 72

Account accountant accounted 72

PYMNTS

DECEMBER 3, 2020

Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. Kofax's solutions, the release stated, help to boost the speed and ease of processing financial documents and data, including automation of time-consuming manual work and easy ways to connect financial systems.

accounts payable 69

accounts payable Account accountant accounted 69

PYMNTS

DECEMBER 3, 2020

New consumer data from PYMNTS shows 3.7 percent of Black Friday online shoppers used flexible buy now, pay later (BNPL) credit offers to pay for their purchases. The study also showed that 71 percent of the time, BNPL installment plans were used to pay for clothing, followed by sporting goods, home furnishings, toys, electronics and health/personal care items, where BNPL was used about one-third of the time.

Education 66

Education Sports Sales Retail 66

PYMNTS

DECEMBER 3, 2020

The holiday shopping season is becoming the holiday shipping season. What was in previous years a minor inconvenience (late holiday gifts) is now the star of the show as UPS and FedEx take center stage as key players in the highly pressured digital-first economy. And both companies have taken two different roads to get here. UPS put the first three letters in “upset” on Wednesday (Dec. 2) as The Wall Street Journal reported it imposed shipping restrictions on some large retailers such as Gap,

E-commerce 64

E-commerce Retail New York Maine 64

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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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