Tue.Nov 17, 2020

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Burkland’s Role in the $3.2B Acquisition of Segment

BurklandAssociates

Burkland’s Head of Marketing Kate Adams interviews Jeff Burkland about the role our firm played in Segment’s recent acquisition by Twilio. Segment’s acquisition by Twilio for $3.2B is another success Read More. The post Burkland’s Role in the $3.2B Acquisition of Segment appeared first on Burkland.

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4 Steps to Monitoring Your Sales Tax Obligations During the Holiday Shopping Season (and Beyond)

TaxConnex

It’s that time of year – holiday shopping is in full swing. W hile the pandemic has continued to wreak havoc on retail locations, online sales continue to skyrocket. So while you’re busy with closing out your year, hopefully on a higher note, don’t forget about your sales tax obligations or you could wind up with a big lump of coal. This year, Cyber Monday falls on Nov. 30, just 25 days before Christmas and 10 days before Hanukkah.

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California Small Business Hiring Credit FAQs

RogerRossmeisl

The California Legislature passed, and the governor signed, Senate Bill 1447 (click here for FTB Bill Analysis) into law creating a new small business hiring credit (SBHC) for small businesses impacted by economic disturbances in 2020. The Small Business Hiring Credit is also referred to as the “Main Street Hiring Credit”. Overview Taxpayers can use the credit against income taxes (personal income tax, corporation franchise or income taxes), or can make an irrevocable election to apply the credi

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What Types of Financial Plans Do Startups Need?

BurklandAssociates

Every startup needs a Long-Range Financial Plan, an Annual Financial Plan, and an Intra-Year Forecast. Debbie Rosler, CFO for startups, shares more information about each type of plan. “Plans are Read More. The post What Types of Financial Plans Do Startups Need? appeared first on Burkland.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Shopify Links Up With Alipay To Boost Merchants’ Cross-Border Sales

PYMNTS

Shopify has expanded its payment options for merchants with a new partnership with Alipay , China’s payments app. The deal will unlock “the power of cross-border commerce for Shopify’s merchants,” Shopify said in a press release that called Alipay “Asia's leading digital wallet platform.” The new payment option will ”allow Shopify merchants to seamlessly accept payments through Alipay from more than one billion annual active users in China alone — and, in the future, hundreds of millions more ac

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Innovation, Positivity, and Evolution: How Three Businesses are Navigating the Pandemic

KROST

This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue , titled “Innovation, Positivity, and Evolution: How Three Businesses are Navigating the Pandemic” with Serrano Industries, Inc. , Drop Labs & LumaForge. For insight into how manufacturers and businesses that rely heavily upon supply chains have been impacted by COVID-19, we connected with a few of our clients to hear about their experiences over the last several months.

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Payroll Taxes vs. Income Taxes | What’s the Difference Between Payroll and Income Tax?

LyfeAccounting

?. Who knew that Uncle Sam came in so many forms? I mean…there’s federal taxes, state taxes, sales taxes, Medicare taxes, social security, unemployment, and so on. As a business owner, understanding how to navigate taxes can be extremely overwhelming. With our first business, LYFE Marketing, I remember stressing to figure out what was the best way to pay my taxes.

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PayPal Teams With Gap, DoorDash For Payments, Checkout Solutions

PYMNTS

New entries to PayPal 's enterprise merchant roster include delivery company DoorDash and clothing retailer Gap Inc. , which will now allow customers to use PayPal at checkout, according to a press release. According to the release, PayPal's strategy is working " to create a seamless and simple checkout experience for consumers online by offering customers the flexibility and power to choose how to pay.".

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The Rosenberg Survey

RitaKeller

“There’s never enough time to do all the nothing you want.” – Bill Waterson, Calvin & Hobbes. The 2020 Rosenberg Survey is NOW available! The 4-day Thanksgiving weekend would be a good time to study the Rosenberg Survey. It has so much great information. The number of firms that have mandatory retirement provisions in their partner agreements remained relatively steady after an upward trend for the past few years.

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Deep Dive: How Biometrics Help Telecommunication Companies Fight Onboarding Challenges, SIM Swap Fraud

PYMNTS

Consumers’ ownership of smartphones has become all but ubiquitous in the U.S. More than three-quarters of Americans carry a smartphone , with average users checking their devices 58 times a day. This overwhelming reliance on smartphones has generated record profits for major telecommunications companies, including AT&T , Sprint and Verizon , with the industry generating $610 billion in revenue in 2019.

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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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Withum Welcomes Molly Goins-Cox in New Chief Innovation Officer Role

Withum

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Revolut Brings Open Banking To Germany In Deal With TrueLayer

PYMNTS

Revolut announced Tuesday (Nov. 17) that, in collaboration with TrueLayer, it will expand into Germany. Earlier this year, the European digital bank had taken on Ireland, France and Italy. In a press release, Revolut said the latest expansion would bring open banking to its users in Germany. “With the new feature, German customers can now connect their accounts at Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse with the Revolut app and view all their finances in one place — directl

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Digital Ad Campaign Management Platform Receipts are Taxable as Software Sales

Withum

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Adyen Adds Installment Options To Payments Platform In Deal With Affirm

PYMNTS

Adyen , a FinTech whose payments platform is used by merchants and retailers around the world, is teaming up with San Francisco-based installment payment company Affirm in a new partnership, the companies announced on Tuesday (Nov. 17). Amsterdam-based Adyen said it plans to incorporate Affirm’s buy-now, pay-later (BNPL) installment plan technology into its payments platform.

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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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Year-end Tax Planning Strategies for Professional Service Firms

Withum

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How Project N95 Opens The PPE Market To Buyers In Need

PYMNTS

At the height of the pandemic in the U.S., an unprecedented surge in demand for medical equipment like N95 masks, respirators and isolation gowns has created a nightmare procurement scenario for the healthcare industry. Not only did it become an often insurmountable challenge for medical buyers to source and procure the necessary personal protective equipment (PPE), but failures across the supply chain — including fraud — have plagued the market, leading authorities including FinCEN and the Fede

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Top 2020 Digital Transformation Trends: A Year of Introspection

Withum

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NEW DATA: 43M Consumers Are Holding Out On Mobile Banking Apps — How Banks Can Change Their Minds

PYMNTS

Consumers’ banking habits have changed radically since the pandemic was first declared in March. Not only are many account holders visiting brick-and-mortar branches less often than they did before the pandemic, but many are also more reliant on digital banking channels — particularly mobile banking apps — than they have ever been. PYMNTS research shows that consumers are 8.7 percent more likely to use mobile banking apps now than they were in 2019, and 51.1 percent of those users are engaging w

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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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Adoption in a Microsoft Accelerated Environment

Withum

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Instacart Joins Forces With Best Buy To Roll Out Same-Day Delivery

PYMNTS

Instacart and Best Buy are teaming for a new service to offer same-day delivery for Best Buy items nationwide, a press release announced. According to the release, the service will apply to a selection of Best Buy products that can be found in stores, such as laptops, TVs, home office essentials, headphones, tablets, gaming devices, smartwatches, streaming media players and small appliances.

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Pinduoduo Aims To Raise Up To $5.6B To Boost Online Grocery Shopping

PYMNTS

Chinese eCommerce platform Pinduoduo plans to raise up to $5.6 billion to invest in its one-day delivery service of farm goods across China, among other projects. The company plans to offer up to 25.3 million American depositary receipts, which would garner roughly $3.6 billion based on Monday’s closing stock price. Pinduoduo also seeks to raise up to $2 billion from a convertible bond offering, according to the Financial Times.

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Deep Dive: How FIs And Merchants Are Pushing Back Against Push Payment Fraud

PYMNTS

The number of real-time payments has risen dramatically in recent years, and APP fraud has grown alongside it. Fraudsters utilizing these schemes rely on tactics such as phishing and impersonation scams to trick customers and businesses into sending payments or payment details, and their use of real-time rails can enable them to make off with the funds before customers catch on.

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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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Narvar, Simon Partner To Make Retail Returns Easier

PYMNTS

Customer experience platform Narvar is partnering with real estate investment trust Simon to facilitate easier retail returns, according to a press release. "Despite our deep roots in eCommerce, we've always believed in the persistent power of physical retail," Amit Sharma , founder and CEO of Narvar, said in the release. He added that the collaboration will give consumers more choices while also increasing retailers’ efficiency.

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Cambridge, Beanworks Continue X-Border Payment Partnership

PYMNTS

Cambridge Global Payments , a FLEETCOR firm, and Beanworks Solutions are continuing their collaboration to bring together solutions and offer a full accounts payable (AP) offering to clients, which can streamline their payable workflow spanning between buying and payment for firms that have international business, according to a Tuesday (Nov. 17) announcement.

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Square’s New Offering Helps Restaurants Manage Omnichannel Orders

PYMNTS

Square , which offers payment products to all types of merchants, said its latest offering will display and organize restaurant order tickets no matter where they’re placed. The company's new Square KDS , or Kitchen Display System software, will take care of tickets placed via a restaurant’s point-of-sale setup, a Square website or online ordering platforms like DoorDash and Postmates.

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Amazon Pharmacy Launches With Two-Day Prescription Delivery

PYMNTS

Amazon is going all-in with its pharmacy vertical, launching a separate storefront with two-day prescription delivery for Prime members. “As more and more people look to complete everyday errands from home, pharmacy is an important and needed addition to the Amazon online store,” Doug Herrington , senior vice president of North American consumer, Amazon, said in a statement on Tuesday (Nov. 17). . “ PillPack has provided exceptional pharmacy service for individuals with chronic health conditions

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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.

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Lumin Digital To Provide LAFCU With Digital Banking Solution

PYMNTS

Lumin Digital announced today (Nov. 17) that it will provide Los Angeles Federal Credit Union (LAFCU) with its cloud-based online and mobile digital banking platform, according to a press release emailed to PYMNTS. The multi-year agreement, which will launch in June 2021 and will be available for all 45,000 of LAFCU’s active users, will give LAFCU the ability to introduce new functionality more frequently to members by using Lumin Digital’s platform.

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The Great Subscription Race: How Walmart+ Stacks Up Against Amazon Prime

PYMNTS

Ever since mid-September when Walmart launched Walmart+, its new subscription service — often referred to as “Walmart’s answer to Amazon Prime” — the question has been how the product actually stacks up against Prime. Were consumers really looking for a way to subscribe to a fuller set of offerings from Walmart, like discounts on gasoline and in-store self-checkout via mobile device?

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Wardrobe Expands Reach In Closet-Sharing Economy With Rent My Wardrobe Merger

PYMNTS

New York’s Wardrobe has expanded its geographical footprint in the emerging online clothing rental space by acquiring Dallas-based rival Rent My Wardrobe. Wardrobe said the merger will bring in tens of thousands of customers in addition to strengthening its position in the southern states. The deal coincides with Wardrobe’s first-year anniversary. Wardrobe allows owners of high-end and distinctive clothing to rent out their items via local dry cleaners.

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PayPal Gives Employees Early Access To Paychecks Though Even’s App

PYMNTS

PayPal employees will now be able to tap their earnings long before their paychecks officially hit their accounts in a deal with Even Responsible Finance, a startup founded to provide an alternative to high-cost payday lenders, PayPal announced Tuesday (Nov. 17). Under the agreement, employees of the online payments giant will be able to use Even’s app free of charge to access their pay as they earn it, instead of waiting for payday every two weeks.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.