Tue.Nov 10, 2020

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Complexities of Sales Tax: Leasing

TaxConnex

Sales tax is complicated no matter the industry you are in. But the leasing industry brings out even more complicated nuances depending on the type of lease, support activities and even the leased item itself. Some sales tax concepts for the leasing industry are quite simple while others are more complicated. For example, a lessor by definition owns property and leases the use of said property to a lessee.

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Zest AI CEO: Artificial Intelligence Is Reshaping Lending and Credit

PYMNTS

The use of artificial intelligence (AI) and machine learning (ML) isn’t some futuristic idea. It’s here now and being used to make good banks better — whether to eliminate discrimination in lending decisions, add stability to existing screening systems or drive loan growth and profits. “It’s not an idea, it’s not a postulate. It is a fact — and we can prove it,” Zest AI CEO Mike de Vere told PYMNTS in a recent interview.

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New Text Phishing Scam

CapataCPA

New Text Phishing Scam The Security Summit (a partnership of the IRS, private sector, and state tax agencies) has released a warning to taxpayers about a new COVID-related scam that deceives people into providing their bank information. The scam is generated by a text message claiming the person has received the $1,200 Economic Impact Payment (EIP).

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i2c President Says Blockchain Will Unlock Cryptocurrency

PYMNTS

Cryptos are having a moment. Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. PayPal is opening its network to allow consumers to shop using cryptocurrency. Square bought $50 million of bitcoin. J.P. Morgan said late in the month that it has gone live with JPM Coin.

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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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Navigate the Complex Issues in Manufacturing & Distribution with KROST’s Industry Experts

KROST

KROST has extensive experience in the manufacturing and distribution industry. Our team of experts has experience servicing clients in various sectors such as aerospace and defense, automotive and transportation, consumer products, food and beverage, industrial parts, wholesale distribution, and more. Manufacturing and distribution clients rely on our suite of services, specifically catered to their needs.

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Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments

PYMNTS

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. For financial service providers, instant payments offers a chance to open up new revenue streams and develop new services for corporate clients.

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More Trending

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Augmented Reality Adds 3D Technology To Boost Retail Conversions

PYMNTS

Nothing counters disruption like another disruption. Take weddings, for example. Before the pandemic, the fitting for the bride and bridesmaids was a happy social event at a bridal shop, maybe over a shared bottle of prosecco. Then COVID hit, and now masks and social distancing have made wedding planning an entirely different experience. David’s Bridal has countered that disruption with another disruption: augmented reality (AR).

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Will the final GILTI calculations give your company a tax refund?

ThomsonReuters

Are you owed a tax refund? The importance of modeling the GILTI High Tax Exclusion. . On July 20, 2020, the U.S. Department of the Treasury and the Internal Revenue Service issued the final regulations regarding the election to exclude high-tax Global Intangible Low-Taxed Income (GILTI) from a U.S. shareholder’s gross income. The final guidance includes elements similar to the proposed regulations with adjustments that make the election retroactive to prior tax years.

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Lyft’s Sequential Revenue Rise Driven By Growth In Active Riders

PYMNTS

Lyft reported on Tuesday (Nov. 10) as part of its third quarter earnings results that active riders had risen to 12.5 million from 8.7 million in Q2 on the heels of a major regulatory victory for the gig economy. On Nov. 3, California passed Proposition 22 , which lets app-based firms like Lyft, among others, categorize workers as contractors instead of as employees.

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Tracking Global Tax Filing Deadlines on A Spreadsheet Doesn’t Work

ThomsonReuters

Get Ahead of Shifting Global Compliance Deadlines with ONESOURCE Calendar. No matter the size of the organization they serve, tax and accounting professionals are continuously challenged to keep track of changing corporate compliance deadlines and due dates. This includes deadlines for jurisdictions across the globe, as well as a variety of tax types and business filings including income tax, VAT, and statutory reporting.

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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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Alacriti, Glia Team Up To Offer Banks Digital Customer Service On Payments

PYMNTS

Payments FinTech Alacriti has announced a partnership with Glia , which works in digital customer service, for new customer service options for payments needs, according to a press release. The partnership, according to the release, will let financial institutions (FIs) use Ella, Alacriti's payments-based artificial intelligence (AI) chatbot, in Glia's customer service program.

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Tax Business Tips for Success

CTP

It takes more than a thorough knowledge of tax law to build a successful tax business. In fact, some of the markers of success for your business will have little – if anything – to do with your knowledge of taxes. And, while every tax business is different, there are certain common threads that seem […]. The post Tax Business Tips for Success appeared first on certifiedtaxcoach.

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London FinTech SumUp Gets Digital Money License From Irish Central Bank

PYMNTS

Global payments startup SumUp announced it has been granted a new electronic money (eMoney) license from the Central Bank of Ireland. Gareth Walsh , chief executive officer for SumUp Ireland, said small firms are the backbone of a strong economy and getting a license “during this critical time” amid the ongoing pandemic lets the firm continue “to empower those small businesses” and help them thrive. .

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How to Increase Profit in Your Business!

LyfeAccounting

?. In today’s post, I’ll be going over ways you can increase profit in your business. Whether you’re new in your business or seasoned in the game, I’m pretty sure increasing your profits is something that you’re really interested in. You might even be obsessed with the idea. And considering we’re already in the fourth quarter of the year, and you’re probably already looking for ways to boost profits before the year ends, or ways to increase profits in the New Year.

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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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Apple Introduces Suite Of Faster Mac Products

PYMNTS

Apple , in what a company press release calls a "momentous" day on Tuesday (Nov. 10), has rolled out the "next generation" of Macs, including a new MacBook Air, a 13-inch MacBook Pro and a Mac Mini powered by the M1 chip specifically designed by Apple for the Mac. According to Apple, the M1 is the most powerful chip the company has made so far, with high performance per watt.

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Hard Work

RitaKeller

“A dream does not become reality through magic; it takes sweat, determination, and hard work.” – Colin Powell. As part of the CPAFMA Strategy Leadership & Growth Accelerator Session yesterday, I was asked to talk for just 10 minutes about TALENT. Because I am again speaking today on TALENT, I decided to approach it from a different angle for the Strategy session If you want to hear more of the nitty-gritty about hiring, interviewing, and retaining employees, please tune

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PAAY Partners With Bluefin To Further Secure eCommerce Transactions

PYMNTS

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. “The combined Bluefin/PAAY solution set is as close as we can get to a silver bullet in payment security for eCommerce transactions,” Ruston Miles , co-founder and chief strategy officer at Bluefin, said in a statement on Tuesday (Nov. 10). .

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2020 Year-End Tax Planning Checklist

Withum

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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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New Main Street Business Plans Restart Optimism In Post-COVID Picture

PYMNTS

The late Roy Ash , financial advisor to U.S. presidents and instrumental in establishing the government’s Office of Management and Budget (OMB) is quoted as saying, “An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.”. Get a pack of gum for chewing practice, because Ash’s aphorism is being mightily tested.

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Are you an M.I.A. Business Owner?

IgniteSpot

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AvidXchange Connects With Concur Invoice For Vendor Payments

PYMNTS

Accounts payable (AP) and payment automation provider AvidXchange has rolled out a connection with Concur® Invoice for vendor payments. The connection lets Concur Invoice clients make bill payments more efficiently by providing digital payment choices to vendors through the AvidPay Network, with the inclusion of AvidPay Direct and virtual card, according to a Tuesday (Nov. 10) announcement.

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International Year-End Planning Considerations for Taxpayers

Withum

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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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Deep Dive: How Businesses Solve Capital Management Conundrums

PYMNTS

Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. They can confront problems ranging from incorrect invoices and inadequate cash reserves to late payments from customers or to vendors — all of which require time and money to solve.

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8 Steps to Address Transfer Pricing Challenges and Opportunities

Withum

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Philly Fed Chief: Workers Need New Skills For Economic Growth

PYMNTS

Job retraining and new skill sets are necessary in order to promote economic growth in the U.S., Patrick Harker, president of the Federal Reserve Bank of Philadelphia, told Bloomberg on Tuesday (Nov. 10). “The economy will not grow unless we bring people up from the lower-skilled jobs into the middle class,” Harker said during an interview that will be part of Bloomberg’s Friday (Nov. 13) “Strengthening Economic Resiliency: Investing in the American Worker” virtual event. .

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2020 Year-End State and Local Tax Planning Perspective

Withum

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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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New Report: Banking-As-A-Service Takes Friction Out Of Remittances

PYMNTS

Many consumers move to new countries to pursue economic opportunities, but adjusting to these locations also requires learning the ins and outs of new financial systems — a transition that can be filled with friction. Immigrants must quickly establish local bank accounts in their host countries so they can easily receive payroll, and many also seek seamless, cost-effective ways to send money back home.

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Considering an Investment into a Qualified Opportunity Zone?

Withum

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Indonesian FinTech LinkAja Closes $100M Series B Led By Singapore Super App Grab 

PYMNTS

Indonesian FinTech LinkAja closed a series B funding round led by Singapore super app Grab, with participation from Telkomsel, BRI Ventura Investama and Mandiri Capital Indonesia. . “We are very enthusiastic about joining Grab as one of our shareholders. We are sure that this strategic partnership supported by investment and the power of Grab's technology will strengthen LinkAja's services in providing effective solutions to provide access to finance and the economy for the Indonesian people,” H

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U.S. International Year-End Planning Considerations for Taxpayers

Withum

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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.