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The coronavirus has far-reaching impacts that extend beyond health, with a wide range of economic effects in sectors ranging from transportation to telecom and retail. We have the latest news on the economic impact of the coronavirus from airlines canceling flights to the delay of the rollout of next-generation 5G networks and merchants reopening stores in China.
SMB Accounting and Consulting is excited to be part of the upcoming weMean Business Expo 2020. The weMean Business Expo 2020, located at Florida Tech on Saturday, February 29th, will feature two business trainings offered during the Expo, with Shannon Bloom, CPA providing the second workshop, QuickBooks Overview. The QuickBooks Overview workshop will begin at 12:30 pm and the cost is only $10.
The Association for Accounting Marketing has been around since 1989 when accounting firms could start advertising for their services. Tune in to this episode when host Hugh Duffy talks with Founder and CEO of The Bottom Line® CPA Marilyn Parham about how she got started in the E-Commerce space. Hear about the biggest challenges small businesses face in E-Commerce and what strategies can lead to success.
Every four years, February magically has 29 days instead of 28. Ok, so maybe it’s not magic. But it is a leap year. And when leap year rolls around every four years, your business needs to be prepared. Read on to learn about leap year payroll and steps for handling payroll during a leap year. […]. The post How Will Leap Year Payroll Impact Your Business in 2020?
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Katz, Sapper & Miller’s Ashley Christie and Stephen Royster have been recognized as two of Indy’s 2020 Best and Brightest by Junior Achievement of Central Indiana. The award honors 100 of central Indiana’s outstanding young professionals, ages 40 and under across 10 different industries, who are making their mark as up-and-coming talent and the next generation of leaders in our community.
You are your own boss. You do contract work for whomever you choose, whenever you choose. Your customers’ businesses write you phat checks and you are feeling flush all year. All is good in the entrepreneur hood until the tax man comes around in April. Your 1099 arrives in January and that is where the problem begins. The problem is that no one told you that LLCs and Sole Proprietors pay a whopping 15.3% Self Employment tax on the entire amount on your 1099 …. on top of your regular income tax!
The largest franchisee of U.S. pizza chain Pizza Hut is reportedly considering options in the wake of financial woes, including bankruptcy. The news, reported by Bloomberg on Wednesday (Feb. 19), said that NPC International, which owns around 1,200 Pizza Huts, is about $1 billion in debt. In lieu of that, the franchisee has begun negotiations with lenders.
The largest franchisee of U.S. pizza chain Pizza Hut is reportedly considering options in the wake of financial woes, including bankruptcy. The news, reported by Bloomberg on Wednesday (Feb. 19), said that NPC International, which owns around 1,200 Pizza Huts, is about $1 billion in debt. In lieu of that, the franchisee has begun negotiations with lenders.
SMB Accounting and Consulting is excited to be part of the upcoming weMean Business Expo 2020. The weMean Business Expo 2020, located at Florida Tech on Saturday, February 29th, will feature two business trainings offered during the Expo, with Shannon Bloom, CPA providing the second workshop, QuickBooks Overview. The QuickBooks Overview workshop will begin at 12:30 pm and the cost is only $10.
Looks like the digital advertising and marketing sectors are in for a reckoning. How that will affect merchants’ online promotional activity hangs in the balance. That’s the scoop as 2020 opens, with privacy skirmishes turning to full-scale war on browser cookies. As we know, mostly anonymous corporations have been collecting consumer data online for years, usually without explicit permission, selling it or using it for ad retargeting and personalization.
With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do. PYMNTS’ recent Making Real-Time Payments a Reality: Rising Demand for Real-Time Payments report, a collaboration with Mastercard, found that two-thirds of corporate surv
Bright lights, big (and small) cities and Big Data. In the drive to modernize, scale and handle burgeoning populations, cities are harnessing the power of data collection and analytics to improve infrastructure and services. As Mastercard Executive Vice President of Enterprise Partnerships and Head of Global Cities Miguel Gamiño told Karen Webster, it’s an endeavor that demands a long-term view and collaboration.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Farming has been around for thousands of years – tens of thousands of years, perhaps, according to some estimates. And it is a labor-intensive, resource-intensive and time-consuming endeavor. Consider the fact that, as measured by the Water Footprint Network, it takes about 26 gallons to make one pound of tomatoes, and 67 gallons of water to produce one pound of oranges.
A big change is coming to Mastercard , which will soon be marking the end of an era as its longtime CEO Ajay Banga departs from the role of CEO and moves on to the role of Executive Chairman, a position now held by Richard Haythornthwaite, on Jan. 1, 2021. Haythornthwaite has served as chairman since May 2006 and Banga has served as CEO since 2008 — when he took over the helm shortly after the onset of the financial crisis.
Almost two years after its experimental run, the Facebook-owned messaging service WhatsApp has received regulatory approval for its WhatsApp Pay platform in India. The National Payments Corporation of India (NPCI) provided the firm with permission to put WhatsApp Pay into operation in a phased manner, The Business Standard reported. . The NPCI’s green light comes after approval from the Reserve Bank of India (RBI).
Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb. 20). The e-krona could eventually be used for banking functions — payments, deposits, withdrawals — from a digital wallet, Riksbank said.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
PYMNTS recently spoke with Saqib Sheikh, global head of SWIFT’s ISO 20022 program, to learn more about SWIFT’s commitment to assist the financial community in the transition to the new standard in cross-border payments: ISO 20022. Cross-border payments are a fragmented space with disparate standards, service levels, and compliance and reporting regulations varying from country to country.
Future tech is no longer the province of high-end retailers. Innovations in 3D and augmented reality (AR) eCommerce are leveling the playing field and bringing conversion-centered visual technology to any online retailer. “There have been amazing shifts in the ecosystem and demand is rising for 3D and AR tools that will help connect consumers with the right products and eliminate uncertainty in the buying journey,” said Ashley Crowder, CEO and co-founder of VNTANA , whose company introduced new
JPMorgan Chase is taking steps to open a digital bank in the U.K. by the end of the year. The banking firm has been talking with London regulators about the idea, according to The Financial Times on Saturday (Feb. 22). The operation will likely include savings and lending products, and it comes just two years after U.S. bank Goldman Sachs launched a digital bank called Marcus in the U.K.
According to the 2019 edition of the FBI’s Internet Crime Report , last year was both a lucrative and diverse year for cybercriminals and scammers. All in, the FBI’s Internet Crime Complaint Center (IC3) received a total of 467,361 complaints, with reported losses exceeding $3.5 billion. As for the scams themselves, those varied widely both in terms of tactics and targets.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
IoT technology has rapidly expanded beyond in-home devices into cities worldwide. Governments and institutions in Europe, India and the United States are experimenting with IoT solutions to enhance city life, and the technology is expected to create between $4 trillion to $11 trillion in value over the next several years. Municipalities could utilize it for everything from street light control and air quality monitoring to transportation safety.
Uber co-founder Travis Kalanick is joining other investors in funding the expansion of the 3D-printed hotel concept Habitas , the Financial Times reported on Sunday (Feb. 9). An idea hatched at the Burning Man desert arts festival, the experience-focused hospitality group Habitas was founded in 2014 by Oliver Ripley, Kfir Levy and Eduardo Castillo. .
Revolut has announced a new Open Banking feature that will allow customers to access all their bank accounts on a single app. The move will make everything easier and more efficient in dealing with people’s finances, according to a press release. For example, the new feature will make it easier for customers to track spending across all their accounts, and allow them a way to budget if they choose.
Central bank leaders from six countries and the Bank for International Settlements (BIS) have planned an April meeting to discuss digital currencies and the parameters involved for launching their own, the Nikkei Asian Review reported on Thursday (Feb. 6). In January, the central banks of the U.K., Switzerland, Sweden, Canada and Japan, as well as the European Central Bank (ECB), partnered with the BIS to collaborate on the development of central bank digital currencies (CBDC).
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
Wells Fargo Strategic Capital (WFSC) is backing the London-based blockchain analysis firm Elliptic with a $5 million investment, bringing the startup’s Series B round to $28 million, Elliptic announced in a press release on Thursday (Feb. 13). . WFSC joins existing investors SBI Group and Santander InnoVentures. The funding will enable Elliptic to expand across Asia and collaborate with financial institutions for an increased understanding of the cryptocurrency ecosystem.
Instant payments, digital commerce and banking across mobile devices are all gaining ground no matter where you look, geographically speaking. But among the most greenfield markets are those found in Latin America, where mobile devices may have high penetration, but traditional banking services do not. Consider the fact that the World Bank has estimated only 55 percent of adults in the Latin America and Caribbean regions have access to bank accounts.
Visa has announced that it will sell cross-border payments company Earthport’s foreign exchange (FX) business to Pollen Street Capital’s Currency Holdings, according to a report. Visa, which acquired Earthport in May 2019, said the sale will help to speed up Earthport’s growth of its larger core payments business. Earthport FX, which provides foreign exchange services to businesses and individuals, will work better as a core part of Currency Holdings, the company said in a filing with the London
Cross-pollination in financial services — leveraging payments across digital and physical channels — is an emerging trend, especially when it comes to cross-border transactions, and especially with remittances. To that end, MoneyGram has received a $9 million investment from The Brink’s Company, which in turn becomes a significant owner with a roughly 5 percent stake in MoneyGram.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. Mosier succeeds Jamal El-Hindi, who will serve as the interim chief data officer (CDO) for the Department of the Treasury. In that role, El-Hindi will apply his FinCEN experience to “help lead the vision, design and development of the Treasury’s agency-wide data and information management strategies,” per an announcement.
To explore the positive impacts of blockchain on small businesses, the U.S. House of Representatives Committee on Small Business plans to hold a hearing next week. Witnesses scheduled to appear include PopCom CEO Dawn Dickson and Ownum CEO Shane Bigelow, as well as Jim Harper, a visiting fellow for the American Enterprise Institute, and Marvin Ammori, general counsel for Protocol Labs, Yahoo!
With some analysts projecting a trillion IoT-enabled devices to be in use around the world by 2035, defending the IoT ecosystem is becoming more crucial as emerging technologies spread across business sectors and spark the development of smarter cities, homes and automobiles. In the February Intelligence of Things Tracker , PYMNTS examines how connecting devices can promote efficiency, optimized operations and streamlined organizational structures — but doing so can also create favorable data br
FIS and PayPal have expanded their partnership so that cardholders of institutions participating in the FIS Premium Payback network can use their rewards points to pay for things at PayPal merchants all around the world, according to a press release. . This new integration means that FIS is the first non-bank payment processor to sync up with PayPal’s Pay with Rewards.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
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