TaxConnex

DECEMBER 22, 2020

Someday people will probably use a lot of words to describe 2020. “Un-eventful” won’t be one of them. The year’s ongoing pandemic affected almost every aspect of life – including, and in no small way, sales tax, which was already an area that has seen unprecedented change since the Supreme Court’s Wayfair decision in 2018. Add to that, jurisdictions that are worried about how lockdowns have affected their tax revenue and you have a tumultuous year.

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Sales Tax North Carolina Michigan 130

PYMNTS

DECEMBER 22, 2020

Amazon is postponing its logistics fee increase to help accommodate businesses affected by the pandemic, a company letter from Amazon Worldwide Consumer CEO Jeff Wilke stated. Wilke wrote that the eCommerce giant will continue to take on the extra costs without increasing fees until June 1, 2021. "We are doing this because we want to provide stability and support for you during what will likely remain a challenging winter as vaccine distribution gets underway," Wilke said in the letter.

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LSLCPAs

DECEMBER 22, 2020

As we draft this alert, Congress is still in Washington. And as you will read, that is a very good thing. Congress is spreading holiday cheer and we admit it’s affecting our mood too. On Monday night, Congress passed and sent to the President the 5,593 page Consolidated Appropriations Act […]. The post Part XII – PPP Loan Forgiveness: Merry Christmas Everyone!

cpas 98

cpas Washington Finance Tax 98

PYMNTS

DECEMBER 22, 2020

A year like no other draws to a weary close. In a year marked by unpredictable events, high unemployment, business closures and, of course, a global pandemic, the U.S. consumer is still standing — but how they pay has changed with the times, both out of necessity and out of convenience. Looking ahead, PSCU President and CEO Chuck Fagan told Karen Webster, some of the trends that have been a hallmark of the last several months will prove long-lasting.

Maine 123

Maine Government Retail Technology 123

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AccountingDepartment

DECEMBER 22, 2020

Breaking News: AccountingDepartment.com co-Founders Dennis Najjar, CPA and Bill Gerber announce all clients will receive a financial dashboard accessible to them in 2021. On the heels of our 2020 Year in Review wrap-up video, AccountingDepartment.com is already out of the gate with one of the promises made to clients ( If you missed it, check it out here ).

CPA 97

CPA accounting software Technology Account 97

PYMNTS

DECEMBER 22, 2020

In the beginning, there were bundles. Then came unbundling, followed not long after by the introduction of “rundles,” or recurring revenue bundles. And now, thanks to a global pandemic that has pushed more business online, tightened wallets and compressed delivery times, the retail landscape has undergone huge changes in a relatively short amount of time.

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Retail 116

PYMNTS

DECEMBER 22, 2020

Companies seeking to hold initial public offerings (IPOs) on the New York Stock Exchange (NYSE) no longer will be required to let investment banks buy and sell the first shares to hit the market, the Financial Times (FT) reported. The addition of a lower-cost, underwriter-free IPO option was formally approved by the U.S. Securities and Exchange Commission (SEC) Tuesday (Dec. 22), FT reported.

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New York Government 114

Katz,Sapper&Miller

DECEMBER 22, 2020

The latest round of economic stimulus legislation is included within the Consolidated Appropriations Act, 2021, which was passed by Congress on Dec. 21, 2020 and is expected to be quickly signed into law. This is a massive piece of legislation that includes all manners of government funding, expansion of the Paycheck Protection Program (PPP), additional unemployment insurance benefits, and more.

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Tax Government 95

PYMNTS

DECEMBER 22, 2020

PayPal will allow customers to cash their next stimulus checks free of charge, according to a press release. The payments giant said in the release that the checks will go through instantly on the PayPal app's cash-a-check feature. The normal check-cashing fees will be waived for coronavirus relief checks, currently planned to be $600 per person. This can be done from a mobile phone, without the user leaving their home to go to a bank or ATM.

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Government 113

ThomsonReuters

DECEMBER 22, 2020

Consolidated Appropriations Act, 2021, H.R. 133 (Dec. 21, 2020). Rules Committee Print available at [link]. Congress has passed, and the President is expected to sign, year-end appropriations legislation that includes a variety of provisions affecting employer-sponsored benefit plans—some relating to the COVID-19 public health emergency and others with broader applicability.

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Education Entertainment Construction Tax 90

Speaker: James Kahler, COO of Full Course

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PYMNTS

DECEMBER 22, 2020

Digitization has opened up the floodgates for small and medium-sized businesses (SMBs) looking to do business with partners across borders, whether that's as buyers, sellers, third-party logistics providers or other vital counterparties that keep the international trade wheels turning. But when doing business abroad, often with large multinational corporations (MNCs), smaller firms can struggle to access the resources they need to level the playing field with their larger counterparts, from work

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Technology Finance Gaming Government 106

ThomsonReuters

DECEMBER 22, 2020

As the January 1, 2021 deadline for Brexit negotiations rapidly approaches, it is still unclear whether the United Kingdom and the European Union will reach a trade agreement or go their separate ways under World Trade Organization rules. Regardless of the eventual trade arrangement that materializes between the UK and EU in 2021, multinationals will face the herculean task of understanding and responding to a flurry of new border protocols, trade regulations, and supply chain uncertainties.

Technology 59

Technology Manufacturing audit Tax 59

PYMNTS

DECEMBER 22, 2020

Peloton , the leading maker of connected fitness products, has moved to resolve its manufacturing and order backlog problem by acquiring Finland’s Precor for $420 million. Investors applauded the announcement to increase capacity, and drove Peloton’s stock to an all-time high, while marking a 400 percent year to date gain and $47 billion market cap.

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Manufacturing Retail 105

RitaKeller

DECEMBER 22, 2020

“Letter writing is the only device for combining soitude with good company.” – Lord Byron. We have evolved so far with technology that a handwritten note is very rare. We text, we email, we chat. This means that a handwritten note carries so much more clout than it ever did in the past. During these last few days of 2020, or early in 2021, write a handwritten note to each of your direct reports.

Technology 59

Technology 59

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

DECEMBER 22, 2020

Decentralized digital finance trade platform Contour has completed a pilot blockchain transaction between textile companies Tainan Spinning and Century Synthetic Fiber Corporation in Vietnam, according to a press release. The release also stated the transaction showcases the business growth in Vietnam and Taiwan. "As the world adapts to social distancing and post-COVID life, traditional methods of doing business will quickly be incompatible," said Contour CEO Carl Wegner , according to the relea

Finance 103

Finance Technology B2B 103

Withum

DECEMBER 22, 2020

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133

PYMNTS

DECEMBER 22, 2020

DoorDash ’s initial public offering (IPO) and sudden stock price surge has created no shortage of conversation in the dining landscape. Experts and analysts are rushing to figure out whether DoorDash’s big jump signals a permanently shifted dining landscape or if the sudden surge is destined to pull back once the COVID-19 vaccine is in wide circulation and consumers have the option to eat in dining rooms once again.

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Start-ups Sales Maine Retail 102

KROST

DECEMBER 22, 2020

As previously reported, the $900 billion COVID-19 stimulus Bill contains an additional $284 billion for additional PPP loans for small businesses, referred to as Second Draw Loans. Some of the new rules and rule changes apply to both the Initial and Second Draw PPP loans. Below are the details of the Bill, with respect to PPP and EIDL loans and changes to the Employee Retention Credit rules: 1.

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payroll Agriculture Tax Hospitality 53

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Technology

PYMNTS

DECEMBER 22, 2020

President-elect Joe Biden said he wants to pass another COVID-19 stimulus relief soon after he gets into office in January, according to Bloomberg. “Congress did its job this week and I can — and I must — ask them to do it again next year,” he said Tuesday (Dec. 22), saying the "darkest days in the battle against COVID" are still ahead, not behind us yet.

Healthcare 101

Healthcare Government 101

Withum

DECEMBER 22, 2020

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PYMNTS

DECEMBER 22, 2020

The pandemic has forced businesses to pivot quickly to continue their operations — both domestically and internationally — with relative ease as the health crisis affects everything from supply chains to payment schedules. Many firms are eying new technologies that could accelerate their global B2B transactions amid these shifts. These digital changes should pertain to more than just payments themselves, however.

Technology 94

Technology B2B AP Automation accounts payable 94

Withum

DECEMBER 22, 2020

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Technology

PYMNTS

DECEMBER 22, 2020

Facebook will increase its security offerings, especially for high-profile users, the social media giant announced Tuesday (Dec. 22). The company will support the use of security keys on mobile devices so anyone logging into an account will need more than just a password, a Facebook official told PYMNTS. The company sees likely users as political campaign staffers, journalists and activists.

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Account accountant accounted 94

PYMNTS

DECEMBER 22, 2020

The State Bank of Pakistan (SBP) is looking at making corporate supply chains digital, a report from Pakistan Today stated, with an eye toward more financial inclusion. “It is the overarching aim of the State Bank to ensure a safe and secure financial system," said SBP Deputy Governor Sima Kamil at a web conference, per the report. "The other role that we have is financial inclusion.

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Retail B2B 86

PYMNTS

DECEMBER 22, 2020

Investors have spent over $1 billion this year on buying up successful small businesses to try and create new digital conglomerates, according to the Financial Times. They have targeted businesses that became successful through Amazon with the pandemic's digital shift all year, the report says, and the ideal model is a conglomerate in the mode of Unilever or Proctor & Gamble.

Gambling 83

Gambling New York Finance Start-ups 83

PYMNTS

DECEMBER 22, 2020

Technologies and payment solutions are finding the opportunity to multitask with solutions that, while initially focused on the corporate buyer, have now expanded to tackle friction for the supplier as well. This week's look at the convergence of accounts payable and accounts receivable finds tools like commercial cards, trade credit, artificial intelligence and robotics process automation easing friction on both ends of a B2B transactions.

Technology 79

Technology accounts payable B2B Legal 79

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PYMNTS

DECEMBER 22, 2020

Intelligent payment services provider Plastiq has announced it will allow for U.S. cash to be used on its payments platform, not just credit card payments, according to a press release emailed to PYMNTS. The release stated the new service enhances the company's offerings to allow businesses to pay their bills in one place with linked bank accounts or credit or debit cards to optimize cash flow management.

Accounts Payable Automation 77

Accounts Payable Automation accounts payable Technology Account 77

PYMNTS

DECEMBER 22, 2020

Consumer confidence fell in December, declining to 88.6 of a possible 100 points from 92.9 in November, according to a Consumer Confidence Survey from The Conference Board. The figure is intended to reflect the attitudes and purchasing plans of consumers across various economic and demographic categories. On a more granular level, two of the data points that figure into the overall index number moved in opposite directions.

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PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. According to Reuters , around 10% of Italy’s adults, or at least 5 million consumers, have enrolled in the pilot program, which involves registering online and downloading an app.

Government 75

Government Tax Retail Finance 75

PYMNTS

DECEMBER 22, 2020

Chief financial officers (CFOs) taking part in The CFO Survey by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta are "reasonably optimistic about 2021," one of the study's leaders said in a news release. "CFOs are looking past the pandemic and are reasonably optimistic about 2021,” John Graham, a Duke Fuqua finance professor and the survey's academic leader, said in the release.

Tax 72

Tax Finance 72

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