Sun.Nov 01, 2020

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How to Survive an IRS Audit

RogerRossmeisl

IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. But with proper preparation and planning, you should fare well. Here’s how to survive an IRS audit. In fiscal year 2019, the IRS audited approximately 0.4% of individuals. Businesses, large corporations and high-income individuals are more likely to be audited but, overall, all types of audits are being conducted less frequently than they

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PROS To Work On B2B eCommerce Operation Launches

PYMNTS

PROS , which provides artificial intelligence-powered solutions, will be expanding its strategic collaboration with Adobe to include Magneto Commerce , an eCommerce platform, with the goal of helping companies launch eCommerce solutions. A press release says the partnership will help companies access the means to launch the eCommerce solutions, including the PROS Connector for Real-Time Pricing, which companies can leverage across several channels.

B2B 99
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Innocent Spouse Tax Liability Relief

RogerRossmeisl

If you file a joint tax return with your spouse, you should be aware of your individual liability. And if you’re getting divorced, you should know that there may be relief available if the IRS comes after you for certain past-due taxes. so-called innocent spouse tax liability relief. What’s “joint and several” liability? When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full tax amount on the couple’s combined income.

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Polish Investors Hopeful For eCommerce After Allegro IPO

PYMNTS

Executives at MCI Capital , the biggest publicly traded private equity firm in Poland, are optimistic that a recent record-breaking initial public offering (IPO) in the eCommerce space bodes well for the industry, Bloomberg reported. Online retailer Allegro.eu was valued by investors at $25 billion in a deal last month, Bloomberg reported, in a transaction whose value was driven up by the shift of Poles to online shopping as a result of the pandemic.

Retail 97
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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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Legal Fees, New Reguation Costs Could Impact Apple's Bottom Line, Company Report Says

PYMNTS

In Apple 's annual report , the tech giant discussed the impact that various legal proceedings and new regulations around the world could have on its operations and financial conditions. According to the report, the company’s legal proceedings, claims and investigations, along with the alleged magnitude of them, "has generally increased over time and may continue to increase.".

Legal 94
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Suplari Rolls Out New Tools For Spending Insights, Predictions

PYMNTS

Suplari , which works in spend agility, has debuted the next version of its Spend Industry Cloud, which has 175 different automated insights to help predict and manage costs, cash flow and investments, a press release says. Using advanced algorithms and industry best practices, Suplari gleans thousands of data points on suppliers, contracts, purchase orders and budgets into what the release says are “actionable opportunities” for finance professionals.

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New French Lockdown Prompts Amazon To Stop Black Friday Ads

PYMNTS

Amazon is suspending advertising related to pre-Black Friday campaigns in France after coming under fire from at least one government official who said it was unfair for the online giant to flex its digital retail muscle just as a new pandemic shutdown forces small shops and restaurants to close, Reuters reported. “[It's] not at all appropriate at a time when 200,000 businesses will have to shut their doors,” Junior Economy Minister Agnes Pannier-Runchaer said in response to a question about the

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Weak iPhone Sales Cost Apple Nearly Half A Trillion Dollars In Market Cap

PYMNTS

Apple remains the most valuable company in the country, but it's worth $430 billion less than it was two months ago — largely, analysts say, due to concerns the new iPhones arrived too late. At market's close on Friday (Oct. 30), Apple's market capitalization was $1.862 trillion with a share price of $108.86. Apple's market capitalization had been $2.295 trillion on Sept. 1 — its all-time high with a share price of $134.18.

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NY Requires COVID-19 Tests For Travelers, Ends Quarantine Mandate

PYMNTS

New York Gov. Andrew Cuomo is doing away with his policy of requiring travelers from COVID hotspots to quarantine, and will now instead be asking them to get tested for the virus before entering the state, CNBC reports. They’ll also have to get tested again within days of entering New York. CNBC reports that Cuomo's previous rule applied to people traveling from any state that has had positive testing rates of more than 10 per 10,000 residents over a seven-day rolling average.

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Inspire Brands To Buy Dunkin' For $11.3B

PYMNTS

Inspire Brands will acquire Dunkin' Brands , the parent of Dunkin' and Baskin-Robbins , for $11.3 billion and assumption of debt, the companies announced Friday (Oct. 30) in a press release. The deal values Dunkin' stock at $106.50 per share. Dunkin' shares closed Friday at $99.71 each. As recently as Oct. 23, Dunkin' shares were trading at $88.79. The release stated that the boards of both companies have approved the deal.

Sales 68
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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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Companies Fear Economic Recovery Won't Last

PYMNTS

Even though many companies recently reported earnings that showed a faster-than-expected bounce back from the pandemic, executives remain leery about the foreseeable future, The Wall Street Journal (WSJ) reported Sunday (Nov. 1). “It is not a straight-line recovery around the world. It’s important to remember the world is in a fragile state," Coca-Cola CEO James Quincey said last month, according to WSJ.

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Serko Rolls Out Expense Management Tool In North America

PYMNTS

Corporate travel and expense management solution provider Serko has launched its Zeno Expense tool in North America, giving customers a new option for B2B travel management, a press release on the company website stated, alongside the company's Zeno Travel tool that was already available. In response to the shift to working from home, Zeno Expense offers expense leaders tools to help sort through company travel management, which has become less clear cut than when employees were working from off

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Report: Amazon Alleges India's Future Retail Breached Its Contract

PYMNTS

Amazon , which is fuming over a decision by its India business partner Future Retail to sell assets to rising Amazon rival Reliance Industries , has asked India's top securities regulator to block the deal, Reuters reported. Amazon, according to Reuters, sent a letter to the Securities & Exchange Board of India last week arguing that Future Retail was issuing misleading public statements about the proposed transaction, saying it was complying with contractual obligations.

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Surecomp Integrates ThetaRay To Reduce Financial Crime

PYMNTS

Surecomp , which works in global trade finance solutions for banks, has announced financial crime solution ThetaRay as the newest partner for its Marketplace platform, according to a press release. ThetaRay will be fully integrated with Surecomp's back-office trade finance solutions and can be accessed via open application programming interface (API) connectivity, the release stated.

Finance 64
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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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To Entice Consumers, Airlines Offer BOGO Tickets

PYMNTS

Airlines, still trying to offset their dismal revenue shortfalls due to the pandemic, are now trying a new tactic in just giving seats away, The Wall Street Journal (WSJ) reports. In August and September, Alaska Airlines ran a 48-hour sale in which an entire three-seat row was offered for the price of a single ticket. Europe-based Ryanair Holdings, meanwhile, offered 2-for-1 seating specials for flights through the middle of December.

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EU's Digital Rules Draft May Not Include Big Tech Breakup, Antitrust Chief Says

PYMNTS

The European Union's chief antitrust regulator told a German newspaper in an interview published Sunday (Nov. 1) that she sees no reason to break up Google or other big tech companies, according to Reuters. Margrethe Vestager did, however, say regulators may need new powers to oversee the markets dominated by Google and other large tech players. The Danish diplomat made her remarks in an interview published by Frankfurter Allgemeine Sonntagszeitung.