Mon.Dec 07, 2020

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How Series EE Savings Bonds are Taxed

RogerRossmeisl

Many people have Series EE savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself and put them away in a file cabinet or safe deposit box. You may wonder: How is the interest you earn on EE bonds taxed? And if they reach final maturity, what action do you need to take to ensure there’s no loss of interest or unanticipated tax consequences?

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The Top 4 Startup Risks

BurklandAssociates

By Michelle Villegas Threadgould Early-stage startups and founders face a particular set of risks as they try to grow and build companies built to last. There are four main areas Read More. The post The Top 4 Startup Risks appeared first on Burkland.

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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

With the holiday shopping season in full swing amid the global pandemic, online commerce is booming. Digital Black Friday sales this year hit $9 billion, a 22 percent increase from 2019 figures, according to recent Adobe research. And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising cu

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A 2020 Year-End Checklist for Veterinary Hospitals

Katz,Sapper&Miller

With all of the twists and turns that have occurred in 2020, many hospital owners have found themselves stretched thin to keep up with busy appointment books and the demanding needs of managing a business. To help you stay as organized as possible, we’ve compiled this year-end checklist.

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Planning Your Restaurants 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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NCR: Bank Disruption On The Horizon; Banking M&A Deals To Follow

PYMNTS

You’d be forgiven for thinking that, in banking, the deal is dead. The pandemic, after all, has obliterated “normal” business trends and caution reigns. NCR Digital Banking Senior Vice President and General Manager Doug Brown told Karen Webster there will be an acceleration of deal making on the other side of the pandemic, particularly as financial institutions (FIs) recalibrate and expand their digital efforts.

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The Social Security Wage Base Is Your Cue to Stop Withholding This Tax

Patriot Software

Paying Social Security tax is a time-honored tradition—since 1937, to be exact. Both employers and employees pay the tax. But when an employee hits the Social Security wage base, it’s game over for withholding and contributing the tax. Although the Social Security tax rate itself generally does not change from year to year, the Social […] READ MORE.

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Finding Love on a Tiger Cruise

Withum

Sunday night my wife and watched the Hallmark show USS Christmas. It was a love story and partly took place on a Naval battleship’s Christmas “Tiger Cruise” for family members. The lead star’s sister was a fighter pilot stationed on that ship and she joined her for the Christmas cruise. It caught my attention from the fighter pilot aspect as well as being a Hallmark feel good love story.

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Virtual Cards Help Companies Manage Spend In Real Time

PYMNTS

Businesses across the globe are making radical changes to adapt to the digital-first environment emerging in the wake of the pandemic. Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. Digital B2B payments innovations as diverse as machine learning (ML) automation, cloud-based enterprise resource planning (ERP) systems and virtual cards are gaining unprecedented traction as businesses move to build su

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3 Questions: The Impact of Proven Security on Your Bottom Line

Katz,Sapper&Miller

Information security is all the 21st-century rage, and as the bad actors continue to get more adept at cybercrime, its importance increases. If your product or service is hosted in the cloud, it’s critical to understand what security is, why you’re hearing more about it from your customers, and how to leverage it offensively.

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Ikea And What Comes Next For Printed Catalogs

PYMNTS

It’s been a seven-decade-long run, but Ikea is formally saying goodbye to its printed catalog. The decision was announced Monday (Dec. 7) as the Ikea brand continues to shift itself to digital, according to published reports. Catalog readership has resultantly declined precipitously over the past several years. Published reports indicate that in the past year, Ikea has seen online sales increase by 45 percent.

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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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Escheating Uncashed Payroll Checks

KROST

With all the different issues restaurants are facing in the COVID-19 environment, we still have a handful of ongoing issues that always need to be addressed at the end of the year. Escheating uncashed payroll checks to the State of California is one of the oldest, time-consuming procedures restaurateurs must conform to every year. Escheating checks is a legal process that transfers ownership of abandoned property (uncashed payroll checks) to the State of California.

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Paydek Collaborates With Thunes On X-Border Payments

PYMNTS

British payments firm Paydek has teamed with Thunes , the international payments network, to offer a wider global reach and bolstered payment choices to clients, according to a Monday (Dec. 7) announcement. Paydek’s infrastructure supports an extensive international base of people and businesses as clients, with handling payments to more than 160 nations.

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The Good, Bad and Ugly of Estate Tax Planning Copy

Withum

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.

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Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow

PYMNTS

At a time when 80 percent of apps ask for (and are usually given) users’ geolocation data, the fact that most mobile banking applications still don’t is unacceptable, GeoGuard CEO David Briggs told Karen Webster in an interview. “Two-thirds of all banking apps don't ask for location at all,” Briggs said. “They’re not even in the ball game. But the consumer doesn't even know [banks] haven't asked for location.

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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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Small Business Relief From State of California

LSLCPAs

More relief for small businesses – this time from the State of California! Governor Newsom signed an executive order on December 1st that allows the California Department of Tax and Fee Administration to grant a three month extension, without penalties, for tax returns and payments for all businesses filing a […]. The post Small Business Relief From State of California appeared first on LSL CPAs.

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Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

PYMNTS

Business email compromise (BEC) scams continue to ravage company coffers. Indeed, the last week has seen the emergence of even more examples coming to light. Just last week, IBM cybersecurity experts uncovered a widespread BEC attack targeting players in the coronavirus vaccine supply chain. According to CNBC reports , the email phishing scheme involves attackers impersonating one business executive at a China-based business that offers temperature-controlled supply chain solutions.

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Using Bank Statements in Divorce Cases

FraudFiles

Bank statements can be a very valuable tool in child support and divorce cases, particularly when one party has not been forthcoming about income and expenses. We can look at deposits to draw conclusions about income, and the level of expenditures may also give us clues about the level of income. Tracy talks about some of the ways she analyzes the bank statement data.

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New Data: Tracking The Consumer, Merchant Digital Shift Down Under

PYMNTS

The digital shift in retail is a global phenomenon. Amid the ongoing pandemic, a growing share of consumers the world over are turning to mobile devices and laptops to do their shopping or to make their trips to brick-and-mortar stores more efficient. Yet how consumers are actually using digital tools to enhance or transform their shopping experiences depends greatly on local circumstances, including cultural preferences and technological development.

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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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US Payroll Taxes Explained (Everything You Need to Know)

LyfeAccounting

?. Today, we’re going to be deep-diving into US payroll taxes. And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. It doesn’t matter if you have one employee, 10 employees, 50 employees or haven’t even started your business yet, you are going to want to read this post in its entirety. My promise to you is that any question you have about payroll taxes will be answered and the high-level details you need to know about payroll taxes will be sh

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Capital One Halts BNPL Transactions On Its Cards

PYMNTS

Capital One Financial Corp (CapOne) is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “risky,” Reuters reported on Monday (Dec. 7). A spokeswoman for the third largest credit card company told Reuters that it will stop taking “transactions identified as point of sale loans charged on its credit cards, regardless of the point of sale lender.

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CPAFMA Digital Survey

RitaKeller

“Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family.” – Kofi Annan. The CPAFMA Paperless Benchmarking survey is back and is titled: The 2021 DIGITALLY DRIVEN FIRM SURVEY. In recognition of the evolving trends in digital operations, the CPAFMA 2021 Digitally Driven Firm Survey – formerly the CPAFMA Paperless Benchmarking Survey, the longest running paperless benchmarking survey in the accounting professi

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Amex: On-Demand Working Capital Solutions Let Buyers, Suppliers Pick Their Payments Day

PYMNTS

At a time when the pandemic has fueled a surge in creative corporate payment solutions, American Express has revamped its Early Pay supply chain solution to allow large companies and their suppliers to choose when they will pay or get paid. Daniel Brachfeld , Amex’s general manager of supply chain solutions, told PYMNTS CEO Karen Webster that the new digital platform combines traditional supply chain finance and transaction banking into one.

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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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Guide: Year-End Due Dates that May Affect Your Startup

Withum

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Uber Sells Self-Driving Car Unit

PYMNTS

Self-driving car company Aurora is going to be buying Uber 's self-driving technology unit, Advanced Technologies Group (ATG), according to a press release. The deal, subject to regulatory approval and closing conditions, is expected to close in the first quarter of 2021, the release stated. The acquisition will help to accelerate Aurora's vision for the self-driving vehicle space, the release stated.

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Tracking Vendor Information for 1099

Withum

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Five Fast Facts: The Australian Vs American Consumer

PYMNTS

The pandemic has changed global consumer dynamics, perhaps forever. But that doesn’t mean everyone has changed in the same way or to the same degree. And, in fact, as PYMNTS has surveyed consumers worldwide over the course of the pandemic, those differences are snapping increasingly into focus. The PYMNTS Global Shopping Index series examines four key markets: Australia, Brazil, the United Kingdom and the U.S.

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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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Take Me to the Cloud Podcast Series – Holistically Improve Your Business Operations

Withum

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Kit Check Rolls Out New Tech To Optimize Hospital Supply Chains

PYMNTS

Pharmaceutical industry software company Kit Check has rolled out Bluesight Insights, which harnesses technology for supply chain management. The tool assists health systems and medical centers with handling and stocking their pharmacy supply by offering live analysis into GPO compliance, medication pricing and 340B optimization, according to a Monday (Dec. 7) announcement.

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The Long Walk Back To ‘Normal’

PYMNTS

Though the COVID-19 vaccine is officially open for business today in the U.K., consumers worldwide are readying themselves for what they believe will be a long wait for things to return to something like pre-pandemic normal. Meanwhile, consumers are changing how they shop , how they pay , where they subscribe and what they consider secure. Some of these changes are made with reservations , but they are coming nonetheless.

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Adflex Unveils Payment Links To Help Supply Chain Merchants

PYMNTS

Adflex has unveiled a new initiative aimed at boosting supply chain merchants’ ability to accept card payments from buyers as eCommerce booms amid the coronavirus crisis. Patrick Bermingham , CEO of the B2B payments specialist, said in a Monday (Dec. 7) blog post that its new Payment Links service will “enable supply chain merchants to simplify and accelerate payment acceptance from corporate buyers.”.

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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.