Patriot Software

DECEMBER 18, 2019

Have you just started getting acclimated to the effects of the Tax Cuts and Jobs Act? You may have the updates to the tax withholding tables down pat, but there’s another curveball coming each employer’s way. The long-awaited new W-4 form is here to shake up how you handle income tax withholding. If you’re like […]. The post Scrap Everything You Knew About Withholding Allowances: The New W-4 Form Is Here appeared first on Patriot Software.

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income tax Tax Start-ups payroll 121

PYMNTS

DECEMBER 1, 2019

In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. 30). . The goal is to improve Nigeria’s financial inclusion rate by 20 percent, bringing it to 80 percent by the end of 2020. “The provision of licenses to several players will help support innovation and competition as all parties work to increase their customer base,” Central Bank of Nigeria Governor Godwin Emefiele said

Agriculture 101

Agriculture Manufacturing Retail Technology 101

Katz,Sapper&Miller

DECEMBER 11, 2019

KSM invests in our communities because we believe it is the right thing to do. While we give back in a variety of ways, both as a firm and as individuals, KSM’s annual Community Day is an opportunity for our team to make a meaningful impact over the course of one work day.

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MazumaBusinessAccounting

DECEMBER 3, 2019

As we approach tax season, it is important to understand different types of tax forms, and why we need them. If you’re hiring a new employee, or trying to report your income tax returns, you have come to the right place! Tax forms are essential for all small businesses and must be filled out properly. The Internal Revenue Service (IRS) is constantly on the move and requires every small business to file their taxes.

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Tax tax return income tax business accounting 69

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SingleTrackAccounting

DECEMBER 14, 2019

Taxpayers dread receiving 1099s and as a business, you might not enjoy sending them out. But why deal with them all together? Because the IRS loves 1099s…and requires them. They report taxpayer income to the IRS. Here’s what you need to know about W-9s and 1099s. . What are W-9s and 1099s? What are W-9s? IRS forms that request taxpayer ID numbers and business certification from business service vendors.

bookkeeping 59

bookkeeping Tax Colorado Start-ups 59

PYMNTS

DECEMBER 1, 2019

If microchip supplier Qualcomm wins its case on appeal, the cost of connected cars using 5G technology will skyrocket, automakers and suppliers said in court filings on Friday (Nov. 29), Reuters reported. Judge Lucy Koh ruled in May that Qualcomm, the world’s largest supplier of mobile phone chips, is a monopoly and has to change the way it does business.

Legal 97

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PYMNTS

DECEMBER 13, 2019

The holiday season is in full swing. That means opening up wallets and purses at the point of sale, which often means paying with cash … and cash? Well, that means trips to the ATM. For fraudsters, armed with new technologies, the ATM is fertile ground for fraud. In an interview with PYMNTS, David Phister, director of systems security product management at Diebold Nixdorf , said that when it comes to combatting fraud, “holiday seasons are always tough.

Technology 90

Technology Retail Sales 90

PYMNTS

DECEMBER 5, 2019

Satisfied customers are key to any company’s success. Those experiencing issues like declined payments or damaged products will want to share their frustrations with merchants, but direct communication grows more challenging when digital screens separate businesses and their customers. . The right customer support services can connect these two parties to more effectively work through difficulties.

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PYMNTS

DECEMBER 6, 2019

Consumers — especially millennials and Generation Z — are looking for new commerce experiences during the 2019 holiday season. However, they are also hesitant to pay for those new experiences with credit cards or other traditional financing options. Debt from the previous holiday shopping season has made these younger consumers credit-shy, but it has not limited their appetite for holiday spending.

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Retail Finance Technology Maine 87

PYMNTS

DECEMBER 26, 2019

The Central Bank of the Bahamas is planning to start a rollout of its new digital currency on Friday (Dec. 27) in Exuma. Called Project Sand Dollar, the name of the currency will also be the sand dollar, according to a press release. The move is long-awaited and comes after years of work through the Bahamian Payments System Modernization Initiative (PSMI), which began in the early 2000s.

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Government Retail Account accountant 83

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.

PYMNTS

DECEMBER 16, 2019

With the U.K. one of the largest FinTech hubs of the world today, initiatives like Open Banking demonstrate the opportunity for regulatory mandates to encourage innovation and competition — even in markets where such regulatory mandates don’t exist. The capabilities to unlock bank data and integrate new services into emerging FinTech platforms via API integrations is a FinTech trend that hasn’t ignored the B2B payments arena.

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B2B B2C small business accounting Non-Profits 81

PYMNTS

DECEMBER 19, 2019

Savor this moment — these coming weeks, the next few months, the year or two that will follow. These are the last moments before artificial intelligence (AI) really starts to have a massive impact on one’s daily life, before the world really turns to AI. That is not meant to be mournful, or an expression of grief for a way of life — a non-AI way of life — that is on its way out.

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Healthcare Technology Gaming Maine 81

PYMNTS

DECEMBER 1, 2019

Small business accountants have said they are now forced to manually transfer data between payroll and human resources solution providers Gusto and Zenefits after the two companies abruptly ended their application programming interface (API) integration, AccountingToday reported. While a spokesperson for Zenefits told the publication that “Zenefits still has an integration with Gusto for payroll,” reports noted that the integration does not support the ability for small business acco

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payroll small business accounting Tax business accounting 81

PYMNTS

DECEMBER 23, 2019

Policy advisers at a leading think tank said that China should introduce a regulatory framework for artificial intelligence in the finance sector, according to a report from Reuters on Sunday (Dec 22). The same framework should be in place to improve technology used by regulators in efforts to strengthen supervision throughout the industry, the think tank also says.

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Finance Technology Government 81

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 12, 2019

Executives at Home Depot said opioid addiction in the U.S. might be part of the reason for a recent escalation of thefts in its stores, Bloomberg reported on Wednesday (Dec. 11). . An organized band of thieves are swiping merchandise totaling millions and stowing the goods in warehouses, the company said. The thefts — which retailers call shrink — will result in lower operating profit margins in 2020, Home Depot executives told analysts and investors during a meeting.

Technology 80

Technology New York Retail accounting and finance 80

PYMNTS

DECEMBER 2, 2019

The U.S. Department of Justice (DoJ) has accelerated its probe into Deutsche Bank’s participation in a $220 billion Danske Bank money laundering scheme, Reuters reported on Monday (Dec. 2), citing four sources. The DoJ is inquiring if Germany’s largest bank Deutsche assisted with moving dirty money to the U.S. from Denmark’s largest lender Danske , one source told Reuters.

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PYMNTS

DECEMBER 29, 2019

Samsung disclosed that it will introduce an “artificial human” called Neon at CES 2020 on Jan. 7 that is totally different than its artificial intelligence (AI) assistant Bixby, Digital Trends reported. The limited information about Neon was shared on Samsung’s Twitter account, and includes an “Artificial Human” teaser in several languages with the tagline “Have you met an ‘artificial’?”.

Technology 78

Technology Account accountant accounted 78

PYMNTS

DECEMBER 30, 2019

Silicon Valley startup Plus.ai is thought to be the first company to deploy a self-driving commercial truck to haul 40,000 pounds of butter roughly 42 hours cross-country from Tulare, California to Quakertown, Pennsylvania, ZDNet reported. The company’s Level 4 autonomous semi-tractor-trailer completed the 2,800-mile run for Land O’Lakes in under three days.

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Technology

PYMNTS

DECEMBER 6, 2019

The growing significance of the gig economy is changing how businesses handle their payments. Corporations recognize that paying freelancers for ad hoc projects is a different ball game than issuing regular payroll disbursements to hourly or salaried employees or contracting with large suppliers. Gig workers frequently want compensation that is delivered rapidly — not at the end of a two-week pay period — and more than a third of financially struggling gig workers would switch platforms to get p

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payroll accounts payable Technology B2B 74

PYMNTS

DECEMBER 2, 2019

Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll FinTech. However, a rise in new service providers has added opportunity for industry consolidation, with payroll companies finding acquisitions a strategic way to augment their offerings, and keep pace with evolving needs among businesses and their employees.

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payroll Technology B2B Account 74

PYMNTS

DECEMBER 11, 2019

The interchange fees associated with commercial card acceptance are the latest target of commercial card optimization company Revolution Payments, which announced a new service designed to further reduce that burden on business-to-business (B2B) suppliers. In a press release Wednesday (Dec. 11), Revolution Payments announced its interchange optimization service to help B2B companies reduce interchange fees by optimizing Level 3 data processing.

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B2B 73

PYMNTS

DECEMBER 1, 2019

The Bank of Russia has voiced its support for a ban on cryptocurrency payments, saying that “private cryptocurrencies cannot be equated with fiat money and cannot be legal tender.”. “If it is decided to ban cryptocurrencies as a means of payment at the legislative level, we consider it appropriate to support this position,” the banking authority said , adding that “we continue to believe that cryptocurrencies carry significant risks, including in the field of laundering of proceeds from crime an

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Finance

PYMNTS

DECEMBER 12, 2019

Though the U.S. continues to take significant steps toward a faster payments ecosystem , the market undoubtedly lags behind others across the world in the path toward real-time payments ubiquity. There are a variety of reasons why this is the case, which stem beyond one of the most common explanations — that the U.S., unlike markets like the U.K. and Europe, lacks the same government push for change, and in some cases, mandatory changes.

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Government B2B Technology Tax 72

PYMNTS

DECEMBER 23, 2019

Visa is teaming up with TD Bank to introduce a new solution to ease money transfers between Canadian and U.S. accounts, Visa announced Monday (Dec. 23). . Powered by Visa Direct, the latest solution — TD Bank (US) to TD (Canada) Transfer — enables real-time transfers for Canadian users to move money from their U.S. TD Bank accounts quickly and easily. .

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PYMNTS

DECEMBER 16, 2019

Making predictions is simply irresistible at this time of the year – this year in particular. Sixteen days from today will mark not only the end of a year, but the end of a decade. Not just any decade, but one that has seen unprecedented levels of innovation touch nearly every industry segment and almost every corner of the world. Predicting the future, though, is risky business – which may explain why many predictions are wishy-washy or soon proved wrong.

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PYMNTS

DECEMBER 12, 2019

The company behind QuickBooks , Intuit , announced it is releasing an expanded suite of online payroll offerings to help small to medium-sized businesses (SMBs) automate payroll and tax filing, according to a press release. The suite has built-in tax penalty protection and helps with access to services like human resources (HR), benefits and compensation for injured workers.

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quickbooks payroll payroll tax Tax 71

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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.

cpa firm

PYMNTS

DECEMBER 9, 2019

Almost everyone has experienced a quick food run that turned into a 45-minute ordeal, but such delays are bad news for both quick-service restaurants (QSRs) and patrons. Long drive-through lines can overwhelm employees and frustrate customers, occasionally irritating the latter enough that they leave without making purchases. It is no wonder that so many big-name QSRs are turning to the latest digital technologies to tackle this problem. .

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Technology 71

PYMNTS

DECEMBER 20, 2019

Security researcher Bob Diachenko and Comparitech discovered that a Facebook database with 267 million user IDs, phone numbers and names was left unsecured and accessed by hackers, who uploaded it to a downloadable format, according to a report. . Diachenko said he thinks the breach is because of an illegal bot scraping operation or even criminals who figured out how to abuse Facebook’s API.

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PYMNTS

DECEMBER 30, 2019

Gift returns have become a holiday tradition in the U.S., with consumers anticipated to send back a record $100 billion worth of unwanted goods bought this year between Thanksgiving and Christmas, The Financial Times reported. Last year returns from purchases made during the same period hit $6 billion. Online purchases are almost three times more likely to be returned than those in stores, leaving retailers with millions of items to sort.

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Sales California Retail Start-ups 71

PYMNTS

DECEMBER 16, 2019

In financial services, access to data is, well, everything. Financial institutions, of course, use data to create new products and services to cement customer loyalty. FinTechs can use data to leapfrog FIs in their own arms race to develop new offerings and gain mind share and wallet share. Might the withholding of data be a strategic weapon? The Wall Street Journal reported this weekend that FinTech firms have been accusing banks of blocking access to end users’ financial data.

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