PYMNTS

NOVEMBER 23, 2020

Western Union just took another big step toward ramping up its growing digital payments arsenal. The legacy global remittance giant said on Monday (Nov. 23) that it has expanded its real-time digital payout capabilities in a move that encompasses billions of bank accounts in 100 countries. Western Union first unveiled the goal of expanding digital payments to 100 countries during its investor day event in 2019.

Account 144

Account accountant accounted 144

Withum

NOVEMBER 23, 2020

My guess is that only about 25,000 estate tax returns would be filed for those dying in 2020 and who left estates large enough to pay estate tax. So for most people, this is not a concern. However, for those with sufficient assets, this is a very serious matter.

tax planning 98

tax planning Tax tax return 98

PYMNTS

NOVEMBER 23, 2020

Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. 23). “There's no question that people are flocking to digital payments and digital forms of currency,” Schulman told CNBC’s “Squawk Box.”.

New York 143

New York Account accountant accounted 143

xendoo

NOVEMBER 23, 2020

Are you claiming all the income tax deductions you’re entitled to? Here’s a handy checklist for U.S. businesses that are structured as sole proprietorships, partnerships, or limited liability companies (LLCs). Home Office. The portion of your home that you use for an office can qualify you for a wide range of deductions, as long as that area is used exclusively and regularly for business purposes.

Tax 52

Tax Real Estate Education Legal 52

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PYMNTS

NOVEMBER 23, 2020

A recent report released by the United Nations found that 132 out of 194 countries have now introduced data protection regulations of some kind, all varying in terms of what type of information they protect and the severity of their restrictions. These regulations are being crafted in a world where consumers and businesses are now conducting a large number of their daily tasks and transactions virtually.

Healthcare 119

Healthcare California Government Account 119

RitaKeller

NOVEMBER 23, 2020

“Don’t let the sun go down without saying thank you to someone, and without admitting to yourself that absolutely no one gets this far alone.” Stephen King. For years I have talked about the value of writing (by hand) a personal note or thank-you to individuals on your team. Last week I received a handwritten note from a CPA. I did a presentation for a group he chairs.

Georgia 52

Georgia CPA 52

Withum

NOVEMBER 23, 2020

Tax 81

Tax tax planning 81

PYMNTS

NOVEMBER 23, 2020

Artificial ingredients: tasteless. Artificial intelligence (AI) in mobile food ordering: tantalizing. That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. Done in collaboration with Kount , PYMNTS’ November 2020 Mobile Order-Ahead Tracker® dives into the topic in-depth, noting that “artificial intelligence (AI) has been a transformative tool for the restaurant

Colorado 115

Colorado Technology 115

Withum

NOVEMBER 23, 2020

tax planning 52

tax planning Tax 52

PYMNTS

NOVEMBER 23, 2020

Visa and Conferma Pay said Monday (Nov. 23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. The result, according to the firms: simplified money movement between buyers and suppliers and automated payment processing and expense reconciliation.

B2B 115

B2B Finance 115

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.

GrowthForceBlog

NOVEMBER 23, 2020

5 min read. Which management style fuels growth in your business? A recent, breakthrough Gallup study found that leadership style is the single most important factor in determining whether your business’s work culture is bad, good or great. On top of that, 70% of the variance between bad and great cultures can be found in the skillset and talent not of the team members, but the team leader.

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74

PYMNTS

NOVEMBER 23, 2020

When Miami-based Retail e-Commerce Ventures (REV) recently announced that it purchased the remains of twice-bankrupt RadioShack , it wasn’t some one-off strategy to acquire distressed assets for pennies on the dollar. Instead, it was the latest move in a business model that the company has long followed. It’s a plan the company describes as “transforming well-known, distressed retail brands into eCommerce success stories.

E-commerce 101

E-commerce Real Estate New Jersey Texas 101

LyfeAccounting

NOVEMBER 23, 2020

?. The IRS just released the new Income Tax Brackets and Standard Deductions for 2021. Why? Each year the IRS adjusts more than 60 provisions to account for inflation… and tax ranges just so happens to be one of them. This means, right now is a good time to start tax planning for 2021 even though we are still in 2020. So we’ll be going over what has changed, what hasn’t changed, and how the election plays a part in what the IRS just announced so make sure you read until the end.

Tax 52

Tax income tax tax planning Start-ups 52

PYMNTS

NOVEMBER 23, 2020

Even before the pandemic — and the stimulus bills that sent trillions of dollars via check into consumers’ (and not a few fraudsters’) hands — the alarm bells were tolling. The FTC said way back in February (feels like a lifetime ago!) that check scams were on the rise. And even before then, as evidenced by an earlier conversation between Karen Webster and Drew Edwards , CEO of Ingo Money , mobile deposit fraud was increasingly becoming a favorite vector for criminals.

Technology 101

Technology Government Gaming Start-ups 101

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

NOVEMBER 23, 2020

The National Retail Federation (NRF) said it predicts retail sales across the U.S. will rise between 3.6 percent and 5.2 percent over what they were last year, a press release says. The total will now be between $755.3 billion and $766.7 billion, the release says, with automobile dealers, gas stations and restaurants not included. Last year there was a 4 percent increase, which ended up with a total of $729.1 billion in retail sales and an increase of 3.5 percent, the release says.

Sales 100

Sales Retail Start-ups Account 100

PYMNTS

NOVEMBER 23, 2020

To say the least, the retail industry finds itself in the middle of a tricky holiday season. As of late October, data released by LendingTree indicated that a quarter of consumers were already finished with their holiday shopping for 2020. According to the survey, a large swath of those early shoppers were parents of children under 18 years of age, 44 percent of whom had managed to wrap up their holiday shopping before outfitting their kids in Halloween costumes this year.

Start-ups 99

Start-ups Retail Sales 99

PYMNTS

NOVEMBER 23, 2020

India’s central bank is considering allowing payment banks and other finance companies to become lenders. A working group within the central bank is also mulling over whether to allow industrial conglomerates to set up banking units, according to Reuters. In a committee report released on Friday (Nov. 20), the working group recommended regulatory changes that would allow industrial groups to hold larger stakes in lenders, marking a significant policy shift for the central bank.

Construction 97

Construction Government Finance 97

PYMNTS

NOVEMBER 23, 2020

Apple has extended a deadline for in-app fees for online events through June of next year, a posting on a developer site says. The original date for the requirement was to be December of 2020, but that has now been extended to June 2021. The release notes that apps are supposed to offer all paid online group app experiences through the App Store, but the company recognizes that “adapting experiences from in-person to digital continues to be a top priority,” according to the release.

Real Estate 92

Real Estate Entertainment 92

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Technology

PYMNTS

NOVEMBER 23, 2020

A bipartisan group of states is ready to file an antitrust lawsuit against Google next month, which could precede the more widely-publicized lawsuit from another group of states against the tech giant led by Texas, Reuters writes. The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters.

Nebraska 89

Nebraska North Carolina Colorado Iowa 89

PYMNTS

NOVEMBER 23, 2020

A pandemic-fueled surge in people wanting to learn how to play guitar and piano has given the country’s largest retailer of musical instruments a second chance at life, as investors and creditors have signed on to a plan that will allow 500 Guitar Center stores to emerge from bankruptcy. In announcing the plan, which cuts its $1.3 billion of debt by more than half, Guitar Center CEO Ron Japinga called the proposal “an important and positive step” that will “enhance our ability to reinvest in ou

Sales 87

Sales Manufacturing Retail 87

PYMNTS

NOVEMBER 23, 2020

PayPal and Square’s Cash App digital currency buying spree has reportedly triggered a bitcoin rally, according to a Benzinga report on Monday (Nov. 23). Blockchain and digital currency investment firm Pantera Capital said in a report that after analyzing numbers from the cryptocurrency exchange iBit, it appears that PayPal and Cash App have bought almost 100 percent of all newly-issued bitcoins. itBit is run by Paxos, which is PayPal partner. .

New York 87

New York Start-ups 87

PYMNTS

NOVEMBER 23, 2020

Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Mike Cagney , Figure co-founder and CEO, told Karen Webster that at a high level, obtaining a national charter from the Office of the Comptroller of the Currency will

Montana 86

Montana Illinois Technology Account 86

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PYMNTS

NOVEMBER 23, 2020

Forward-thinking fast-casual chains and quick-service restaurants (QSRs) were prepared for consumers’ shift to digital sales during the coronavirus pandemic, but many companies have learned that simply having digital channels in place is not enough to weather the competition wrought by an economic crisis. Few could have anticipated the importance — or difficulty — of achieving a personalized, in-store-like experience via digital at a time when personal interactions are few.

Sales 85

Sales New York California 85

PYMNTS

NOVEMBER 23, 2020

Before the pandemic, late B2B payments put a cash flow crunch on countless small and medium-sized businesses around the world. Now, amid the coronavirus crisis, many of those SMBs are getting hit even harder as supply chain disruptions, sluggish business and shutdowns have created a ripple effect of delayed invoice payments. This week's B2B Data Digest examines the latest numbers behind the late payments problem that continues to plague SMBs at a time when healthy cash flow is essential to survi

B2B 82

B2B Government Finance Sales 82

PYMNTS

NOVEMBER 23, 2020

The U.S. government is enlisting Uber and Lyft to help provide transportation services for public agencies and employees, Reuters reports. The deal is worth up to $810 million and will be able to assist over 4 million employees of the government nationwide. In the past, individual employees could use rideshare services, but the new contract will let the companies formally launch their services for individual agencies and work with officials to promote it, according to Reuters.

Transportation 78

Transportation Government California 78

PYMNTS

NOVEMBER 23, 2020

Spanish financial firm BBVA has created a Global Commercial Cards product that lets firms have more control over the utilization of business cards by staffers. The new offering is designed to assist business customers in streamlining and optimizing costs paid through the bank’s commercial cards, according to a Monday (Nov. 23) announcement. Global Commercial Cards tailors to the requirements of firms of all different sizes and speeds up the workflow of everyone who participates in the expense m

Expense Management 78

Expense Management Spend Management Technology B2B 78

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Finance

PYMNTS

NOVEMBER 23, 2020

Qantas CEO Alan Joyce says international travel likely won't be able to get back to normal without compulsory vaccinations, a report from 9Now says. Speaking with "A Current Affair" host Tracy Grimshaw, Joyce said the company would be changing its rules once a vaccine became widely available — and he thought other airlines around the world would likely do so as well.

78

78

PYMNTS

NOVEMBER 23, 2020

Amid stay-at-home orders in the height of the pandemic, only essential businesses were allowed to stay open. To the dismay of many in the industry, not all healthcare businesses were allowed to stay open. Indeed, service providers in areas like dental and elective surgery were forced to close, creating a massive cash flow problem for healthcare providers.

Healthcare 77

Healthcare B2B Technology Account 77

PYMNTS

NOVEMBER 23, 2020

Small- to mid-sized businesses (SMBs) were hit especially hard by the onset of the COVID-19 pandemic and have spent months experimenting with new sales models as they worked to keep afloat and confront new challenges. Many restaurants have gone back to the drawing boards as they dealt with the fact that their core revenue source of eating in public has become a major health risk.

Retail 77

Retail Sales Technology 77

PYMNTS

NOVEMBER 23, 2020

In today’s top payments news around the world, Western Union Co. has entered into a deal to buy up to 15 percent of Saudi Digital Payments Co., while the Competition Commission of India (CCI) gave the go-ahead to a deal between Reliance Retail and Future Group. Plus, Google is said to be debuting a new crowdsourcing function in India called “Task Mate.”.

Retail 73

Retail Account accountant accounted 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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