SMBAccountant
NOVEMBER 4, 2020
When operating a small business, sometimes it is easy to avoid administrative tasks that seem unnecessary for a business of your size, such as implementing a total quality management plan. Though it may feel excessive in the beginning, that is exactly when you want to start! It is much easier to build a program as you grow rather than try to implement one later.
PYMNTS
NOVEMBER 4, 2020
From concept to pilot to corporate payment game changer. Umar Farooq , CEO of J.P. Morgan ’s Onyx , told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-border payments and remove the complexities tied to legacy systems. The conversation took place against the backdrop where, late last month, J.P.
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SMBAccountant
NOVEMBER 4, 2020
When operating a small business, sometimes it is easy to avoid administrative tasks that seem unnecessary for a business of your size, such as implementing a total quality management plan. Though it may feel excessive in the beginning, that is exactly when you want to start! It is much easier to build a program as you grow rather than try to implement one later.
PYMNTS
NOVEMBER 4, 2020
California voters passed Proposition 22, which exempts tech platforms like Uber, Lyft, and DoorDash from state law AB 5, which forced them to reclassify gig workers as employees, according to a Wall Street Journal report on Wednesday (Nov. 4). The three app-based tech companies were joined by Postmates and Instacart in the financial support of Proposition 22, which upholds the independent contractor status for gig economy workers.
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Withum
NOVEMBER 4, 2020
A frequent question I get from clients that want to sell their business is “What can I expect to net from selling my business?” That’s a good question, but a better question might be “What cash flow can I expect from what I net from selling my business?”.
PYMNTS
NOVEMBER 4, 2020
India's Tradologie is looking to make the country a "self-reliant and self-sustaining powerhouse" through a B2B platform that facilitates uninterrupted trade for both local and foreign parties. According to a press release , the company is revamping the usual B2B processes by cutting the costs of commodities for the buyer in real time, so "more gets done in less time while using fewer resources," which has the effect of making the price visible while the deal is still on.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
NOVEMBER 4, 2020
LendingClub , the country’s top provider of personal loans, said in earnings results Wednesday (Nov. 4) that demand for borrowing snapped back 80 percent in the third quarter, while the performance of its pre-pandemic portfolio continued to be resilient. The San Francisco-based loan marketplace operator also said it’s well-positioned to navigate the current environment and complete the acquisition next year of Radius Bancorp , which LendingClub management called its “top strategic priority.”.
SchoolofBookkeeping
NOVEMBER 4, 2020
Reconciliation is one of a Bookkeeper’s main tasks. After all, reconciliation confirms that what is in QuickBooks is what is in the bank. A reconciliation is where bookkeeping issues are going to rise to the surface. Here is where you. Read More. The post Reconciliation and the Opening Balance – A Fundamental Truth appeared first on schoolofbookkeeping.com - Ignite Your Practice!
PYMNTS
NOVEMBER 4, 2020
With federal COVID-19 stimulus programs dried up for the moment and talks to renew them stalled, local communities are looking to fill the void by providing loans to SMBs that have been slammed by the coronavirus. For instance, Muskegon County, Michigan is offering so-called “ recovery loans ” of up to $20,000 to local businesses with fewer than 25 employees.
ThomsonReuters
NOVEMBER 4, 2020
Why technology is critical for DAC6 compliance. These days, the number one concern of corporate tax departments is clear: keeping up with changing regulations. Adding to this complexity is a new set of European reporting requirements known as DAC6. While keeping pace with this type of just-in-time reporting is certainly a challenge, it can be addressed with comprehensive technology that facilitates collaboration and communication between stakeholders on reportable cross-border arrangements.
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
NOVEMBER 4, 2020
With holiday shopping getting underway amidst a challenging economic climate, the timing and importance of retaining subscription -based customers could be the difference for businesses looking to have a strong finish to an otherwise challenging year. Although there are growing concerns that a large number of consumers might cancel some of their subscriptions, Vindicia Global Vice President Solution Evangelist Michael Daley told PYMNTS that acquisitions are still outpacing cancellations.
Katz,Sapper&Miller
NOVEMBER 4, 2020
Zach Sauder has received the Foellinger Foundation’s 2020 David A. Bobilya Excellence in Nonprofit Leadership Award. The award recognizes the importance of individual board members in nonprofit organizations in four focus areas—governance, leadership, financial sustainability, and program impact.
PYMNTS
NOVEMBER 4, 2020
China’s move to suspend Ant Group’s anticipated blockbuster initial public offering (IPO) likely came from the top echelon of the Chinese government, according to a report in the Financial Times. The suspension came just two days before shares of Ant Group were to go live on the Hong Kong and Shanghai stock markets. An order of such magnitude is likely to have come from the upper reaches of the Chinese government and possibly even President Xi Jinping, FT reported, citing two sources familiar wi
LyfeAccounting
NOVEMBER 4, 2020
?. In today’s post, I’ll be going over everything you need to know about tax filings for your small business and how to stay out of trouble with the IRS. If you’re a new business owner or thinking about starting a business for the first time, or even if you already have a business and want to make sure you’re doing everything correctly, then this post is for you!
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
NOVEMBER 4, 2020
Trade finance is an area of financial services that is notorious for its continued use of paper and legacy systems. Some FinTech leaders say that this lack of modernization is at least partly to blame for the estimated $1.5 trillion trade finance gap that continues to plague the global market. At the very least, outdated tools and workflows slow down the process of getting capital into the hands of exporters and importers that need funding to fuel business.
FusionCPA
NOVEMBER 4, 2020
Akken Cloud Software allows businesses to combine data from different departments into one centralized database. Our Atlanta CPAs were impressed by how it tied together back, middle, and front office functionality. Akken Cloud offers numerous products to help you find, retain, and reward talent.
PYMNTS
NOVEMBER 4, 2020
The Department of Justice (DOJ) has seized $24 million in virtual currency on behalf of the Brazilian government, according to a press release. The seizure stemmed from a cryptocurrency fraud scheme being investigated by Brazilian federal police called Operation Egypto. It involved the defrauding of tens of thousands of Brazilian residents for over $200 million, the release stated.
RitaKeller
NOVEMBER 4, 2020
“Business opportunities are like buses, there’s always another one coming.” – Sir Richard Branson. For years now, firm leaders have been worrying about what happens when the firm’s best rainmakers retire. Often, firms have depended on one major rainmaker. The ones worrying the most are the partners who have not been rainmakers themselves.
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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.
PYMNTS
NOVEMBER 4, 2020
Many of the numerous ordering and payment methods that today’s QSR customers enjoy have taken time to evolve and catch on. Calling local pizzerias or Chinese food restaurants to place takeout orders was once seen as a revolutionary development in the space, for example, and drive-thru service followed as the next big step. . Various digital methods have since joined these options as consumers have embraced smartphones and other electronic devices, but the COVID-19 pandemic has been accelerating
PYMNTS
NOVEMBER 4, 2020
International software and payments technology firm Epos Now has rolled out a significant partnership with American eCommerce firm BigCommerce , according to an announcement. The tie-up connects one of the globe’s top online shopping platforms with one of the globe’s top cloud point-of-sale (POS) firms, according to the announcement. As a result, the retail clients of Epos Now will be able to tap into the worldwide jump in eCommerce sales demand and diversify their sales channels at a key moment
PYMNTS
NOVEMBER 4, 2020
Could a cliff-hanger of a presidential election turn out to be a buzz killer for the holiday shopping season? A recent survey by Adobe Analytics found that just over a quarter of consumers surveyed – 26 percent – said the election would impact their holiday spending. There is traditionally a short dip in spending the day after Election Day, experts say.
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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
NOVEMBER 4, 2020
The automotive market is surging amid COVID-19, and companies such as Carvana are reaping the benefits. Carvana has been an innovator in the space, with its high-profile vending machines in multiple major markets. And in recurring payments, the subscription commerce sector appears to be weathering the economic storm, and could even emerge more formidable when the pandemic recedes.
PYMNTS
NOVEMBER 4, 2020
Cash App. Bitcoin. And, oh yes, gross dollar volumes — and some insight into how small businesses are faring amid the great digital shift, and in brick-and-mortar locations. To that end, in anticipating Square’s results, the Street sees revenues of $2.1 billion, earnings of 16 cents a share and gross payments volume of $29.6 billion (which would be up 5 percent according to consensus).
PYMNTS
NOVEMBER 4, 2020
In today’s top payments news around the world, Indonesian logistic startup Logisly raised $6 million in Series A funding, while Russian eCommerce platform Ozon has filed for an initial public offering in the U.S. Plus, Swedish private insurer Folksam Group says a data breach affected 1 million of its clients. Indonesia’s Logistics Startup Logisly Raises $6M Series A.
PYMNTS
NOVEMBER 4, 2020
In today’s top news, scammers are targeting used car buyers amid an uptick in digital sales, and California voters passed a proposition that upholds gig worker status. Plus, Wayfair released a blockbuster quarterly earnings report. Scammers Take Used Car Buyers For A Ride Amid Pandemic. Scammers are preying on used car buyers as demand surges for pre-owned vehicles amid the pandemic.
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PYMNTS
NOVEMBER 4, 2020
One big winner of Tuesday's elections was the U.S. gambling industry, with three states authorizing legal sports betting and three others either approving or expanding casino gaming, the Associated Press (AP) reported. The states that approved legal sports betting were Maryland, South Dakota and Louisiana, while Virginia approved casino gambling in four locations, Nebraska authorized adding casino games for its horse race tracks, and Colorado added more types and numbers of games allowed at casi
PYMNTS
NOVEMBER 4, 2020
The notion that newspapers and old-school media outlets are a dying breed might be premature. Consumers’ thirst for news content about COVID-19 crisis developments — including economic impacts, federal stimulus aid and effects on the presidential election — has substantially accelerated digital subscriptions this year, breathing new life into the industry.
PYMNTS
NOVEMBER 4, 2020
The latest earnings reports from Big Tech giants and social media platforms show that advertising spend is through the roof at present, after basically falling off the roof earlier this year. Are media buyers burning through budgets at the last minute just to preserve them for a better shot next year, or will the ad rebound collectively help recoup 2020 losses with holiday sales?
PYMNTS
NOVEMBER 4, 2020
Scammers are preying on used car buyers as demand surges for pre-owned vehicles amid the COVID-19 pandemic, according to a CBS report on Wednesday (Nov. 4). As people socially distance and live largely from home, home delivery of everything has soared — including used cars — as people avoid brick-and-mortar dealerships and showrooms. But scam artists are capitalizing on this new way to buy a car, reports CBS Los Angeles.
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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.
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