TaxConnex
NOVEMBER 12, 2020
Technology companies, and specifically software companies, have always had challenges related to managing sales tax. Understanding where they have a physical presence as well as the varying taxability rules associated with their products and services was complex. But with the proliferation of Software-as-a-Service (SaaS) as a delivery mechanism and Wayfair, the sales tax landscape has become exponentially more complex.
BurklandAssociates
NOVEMBER 12, 2020
In this piece, Debbie Rosler, CFO for startups at Burkland, lays out a simple approach for startups to set their annual financial plan. It’s that time of year again… leaves Read More. The post 3-Step Approach to Annual Financial Planning for Startups appeared first on Burkland.
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PYMNTS
NOVEMBER 12, 2020
Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules. The RTR is the foundation of Payments Canada’s plans to modernize the payments infrastructure in the country. .
Withum
NOVEMBER 12, 2020
Sy passed away last week. We met when we were sworn into the National Guard in 1965, and became friends during basic and then advanced training. We later became partners and remained friends after I left to form a smaller less hectic practice. And now we cannot share any more stories, memories, updates and talks looking forward to our more relaxed futures.
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PYMNTS
NOVEMBER 12, 2020
Salesforce has rolled out its new Revenue Cloud product, which will work to simplify B2B purchasing for customers, according to a press release. Revenue Cloud, according to the release, will work to bring together configure, price, quote (CPQ) and billing, partner relationships and B2B commerce capabilities in order to consolidate services and streamline the process overall.
FusionCPA
NOVEMBER 12, 2020
The year 2020 will go down in history as a landmark year full of challenges, disappointments, and heartbreaks. People experienced change on a global level that has not been experienced for many years. Things changed so quickly that most could not fully acclimate to the changes but had to take them as they came. These changes have been seen in many sectors, especially in business.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CapataCPA
NOVEMBER 12, 2020
Year-end Tax Planning With the year coming to a close, now is an important time to be thinking about ways to save on taxes for 2020 and possibly 2021. Year-end tax planning and projections are especially valuable this year as new guidance was released on the Tax Cuts and Jobs Act (TCJA) as well as the. The post Year-end Tax Planning appeared first on CPA firm in Orange County, CA | CAPATA.
PYMNTS
NOVEMBER 12, 2020
There is no denying that the COVID-19 pandemic has rapidly accelerated the global shift toward digital commerce. Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus.
ThomsonReuters
NOVEMBER 12, 2020
Back in November 1919, President Woodrow Wilson first proclaimed November 11 as “Armistice Day.” He noted that: “To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country’s service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations.̶
PYMNTS
NOVEMBER 12, 2020
The great digital shift has exposed some glaring inefficiencies in corporate back offices. Treasury departments need to modernize as they grapple with the pandemic — streamlining the way cash is handled, how strategic decisions about cash flow are crafted and how payments are made. The trend is away from paper, but true digitization does not stop there.
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.
LSLCPAs
NOVEMBER 12, 2020
Part TWO: The CARES Act, Net Operating Losses, and Cash Flow So much has happened this year and so much has to be done before the year end to help our clients make the correct decisions on their tax liabilities that we are starting our planning now, and we hope […]. The post Tax Planning 2020 – Part TWO appeared first on LSL CPAs.
PYMNTS
NOVEMBER 12, 2020
Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. The banking group has started reaching out to possible bidders, but still hasn’t made a definitive decision as to whether it will actually sell the unit, which specializes in store-branded credit cards, according to a Bloomberg report.
ThomsonReuters
NOVEMBER 12, 2020
QUESTION: Our company, which is operating remotely during the COVID-19 pandemic, recently learned that an employee failed to inform us of his divorce, which occurred four months ago. Because our health plan does not cover divorced spouses except through COBRA, we would like to retroactively cancel the former spouse’s coverage back to the date of the divorce.
PYMNTS
NOVEMBER 12, 2020
Crypto payment services provider BitPay has unveiled a new mass payout offering, BitPay Send, which lets entities of different sizes make payments to workers, clients, affiliates, suppliers, contractors and others with digital currency, according to a Thursday (Nov. 12) announcement. AdGate Media is among the first firms to harness BitPay Send, the announcement noted.
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
ThomsonReuters
NOVEMBER 12, 2020
Hampton v. Nat’l Union Fire Ins. Co., 2020 WL 5946967 (N.D. Ill. 2020). This case considered whether a benefits committee had properly delegated discretionary authority to a service representative to make an adverse benefit determination for accidental death benefits, so that the court could apply a deferential standard of review. It was undisputed that the committee (and named fiduciary) was granted complete administrative and discretionary authority over the plan.
PYMNTS
NOVEMBER 12, 2020
Amazon said on Thursday (Nov. 12) that it is expanding its Key In-Garage Delivery service to Prime members in more than 4,000 cities across the U.S. Prime members will be able to accept deliveries in their garages using a myQ smart garage opener system that links to Key. Customers can then select free in-garage delivery when placing Amazon orders. Delivery notifications can be viewed through the Key by Amazon app or the Amazon mobile app.
Withum
NOVEMBER 12, 2020
Download Alternative Investment Fund Reference Manual. As the alternative investment industry continues to evolve, so do the professional standards and regulations regarding financial reporting. Our Financial Services professionals are pleased to present an all-encompassing reference manual to help ensure transparency and communication between funds and investors.
PYMNTS
NOVEMBER 12, 2020
Buy now, pay later (BNPL) firm Afterpay has introduced new cross-border options for merchants to sell their products to consumers in Australia, New Zealand, the U.K. and Canada, according to a press release emailed to PYMNTS. In addition, the company plans to allow global merchants to sell to U.S. shoppers with installment payments next year, the release stated.
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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.
Withum
NOVEMBER 12, 2020
Starting an alternative investment fund is a challenging endeavor. It takes a multi-year commitment to refine your strategy, build a team, and find both trading and marketing niches where your firm can profitably operate. Withum’s Emerging Manager Desk Reference Guide is meant to address the key areas that each emerging manager should consider. Fill out the form below to download the guide.
PYMNTS
NOVEMBER 12, 2020
Many businesses have benefited from the digital shift and lifestyle changes brought on by the coronavirus, but few have seen the kind of growth that the freelancer-banking app Lili has since the traditional economy went dark in March. “We have seen a huge uptick in volumes ever since the COVID started — a 700 percent increase in volumes and account openings,” Lili Co-founder and CEO Lilac Bar David told PYMNTS in a recent interview.
IgniteSpot
NOVEMBER 12, 2020
PYMNTS
NOVEMBER 12, 2020
Instacart is reportedly preparing for an initial public offering (IPO) led by Goldman Sachs , according to Reuters , which cited people “familiar with the matter.”. The IPO could value the delivery app at about $30 billion and could be announced early in 2021, Reuters reported. Instacart’s IPO could be one of the biggest of the year, according to news from October, when reports that the company could go public first surfaced.
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RitaKeller
NOVEMBER 12, 2020
“The best way to predict the future is to create it.” – Peter Drucker. Today, I am sharing a press release from the Illinois CPA Society. I think it will definitely be of interest to those working in the CPA profession. They are providing seven predictions for the future titled, “CPA Profession 2027: Racing for Relevance.” CHICAGO, Nov. 11, 2020– Unveiling seven provocative predictions for the future of the CPA profession, the Illinois CPA Society (ICPAS)—one of th
PYMNTS
NOVEMBER 12, 2020
For all of the data and analytics capabilities out there, it’s surprising the level of disconnects that persist between what consumers want from the payments experience and what various vendors think they want. The PYMNTS Global Digital Shopping Index U.S. Edition done in collaboration with Cybersource , based on surveys of nearly 2,200 U.S. consumers and 500 U.S. merchants, finds that this a moment of truth for physical retailers as they seek to keep their seat at the commerce table.
PYMNTS
NOVEMBER 12, 2020
Government-backed loan schemes like the Paycheck Protection Program (PPP) connected vital capital to small- to medium-sized businesses ( SMBs ) in need of aid to stay afloat. While helpful, the availability of affordable financing for SMBs is not necessarily typical of a market in which smaller firms can struggle to access funding. And when federal funding runs dry, SMBs will continue to need financing to remain viable and thrive in a post-pandemic market.
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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.
ThomsonReuters
NOVEMBER 12, 2020
Final Rule: Updated Life Expectancy and Distribution Period Tables Used for Purposes of Determining Minimum Required Distributions, 26 CFR Part 1, 85 Fed. Reg. 72472 (Nov. 12, 2020). Available at [link]. The IRS has finalized regulations updating the tables used by retirement plans (including 401(k) plans) to calculate required minimum distributions (RMDs).
PYMNTS
NOVEMBER 12, 2020
Twelve years after the housing and mortgage markets’ collapse threw the United States into financial distress not seen since the Great Depression, market watchers are again on the lookout for a possible new banking crisis spawned by upheaval in the U.S. commercial real estate sector. COVID-19 has caused urban flight, hollowing out cities by catalyzing the surge in working from home, shopping online and not traveling far from one’s residence.
ThomsonReuters
NOVEMBER 12, 2020
Jimenez v. Laborer’s Welfare Fund, 2020 WL 5979653 (N.D. Ill. 2020). Available at [link]. A participant in a union-sponsored health plan sued her union, and the welfare fund providing coverage, for sex discrimination, alleging that both violated Title VII by refusing to enroll her same-sex spouse in the plan. In this early proceeding, the court has refused the union’s motion to dismiss and has allowed the case to continue.
PYMNTS
NOVEMBER 12, 2020
It’s been a busy time in the grocery world this week, with digital innovation at the core of the headlines in the industry. Here are the latest developments in new store concepts, ordering and delivery from various big names in the sector: Amazon To Open Amazon Fresh Store In New Jersey. Amazon is growing its brick-and-mortar footprint for Amazon Fresh with a New Jersey outpost for the concept.
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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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