Sat.Oct 03, 2020 - Fri.Oct 09, 2020

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Does Your Dealership’s CPA Know the Auto Industry?

RogerRossmeisl

I’m happy to report that my second ad has now been published in 2020 Issue 3 of the California New Car Dealers Association quarterly magazine, “California New Car Dealer Quarterly” (Run time 2 min, 0 sec) Whether you’re a successful General Manager that now finds him or herself a newly minted Dealer Principal seeking an Automobile Dealership CPA Firm. or a seasoned automotive veteran looking to make a change to an Automotive CPA that understands your business. we need to talk.

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Common Accounting Mistakes: Government Edition - Issue #7 Accounting for Fixed Price vs Cost Contracts

SMBAccountant

For small businesses working to attain contracts through the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs, the first phase of the project is typically a firm fixed price (FFP) contract. This type of contract requires justification for the overall price of the proposal, but once awarded no adjustments are made based on the price of performing the agreed upon work.

Account 246
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Can IP Addresses Be Used to Assess Sales Tax?

TaxConnex

The short answer: maybe. What’s an IP address and how can it influence your company’s need to collect and remit sales tax to states? When your customers access your website and make purchases, the customer is often providing a billing and/or shipping address which can be used to determine where sales tax applies. In certain online transactions, these physical addresses may not be available.

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The Impacts of COVID-19 on Startup Performance & Fundraising

BurklandAssociates

Burkland outsourced CFO Debbie Rosler looks at the COVID-19 impacts and responses across a sample group of 25 startup clients. When the COVID-19 shutdowns initially hit in February, there was Read More. The post The Impacts of COVID-19 on Startup Performance & Fundraising appeared first on Burkland.

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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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Oracle, SWIFT Add Fast Cross-Border Payments For SMBs

PYMNTS

Oracle Banking Payments announced Wednesday (Oct. 7) that it is supporting SWIFT ’s latest service to speed effortless global cross-border payments for small- and medium-sized business (SMBs) and consumer markets. “We see great potential for banks that are competing against FinTechs and alternate networks when it comes to cross-border payments,” Sonny Singh , Oracle Financial Services’ executive vice president and general manager, said in a statement.

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5 Things You Need to Know about BIG DATA

LSLCPAs

Can you afford to ignore it? Introduction: What is Big Data? Big Data as “an accumulation of data that is too large and complex for processing by traditional database management tools.” Big Data can be anything from numbers to text to voice and video data to photographs. And there’s more […]. The post 5 Things You Need to Know about BIG DATA appeared first on LSL CPAs.

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Social Media Tips For Your Small Business

MazumaBusinessAccounting

Social Media Tips For Your Small Business. Social media has become a game-changer for small businesses. It has become the marketing platform that provides the best results for the lowest cost. Accounts are free and easy to maintain. In this article, we’ll explore five things you can do to get the most out of social media. Post Consistently. Consistency is key.

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Pandemic Has Consumers Embracing QR Codes And Contactless Payments

PYMNTS

While the global pandemic has taken a toll on almost every business, consumer demand for all things touchless is surging — and has even been a driver of growth for QR codes. Although the 20-year-old technology has long enjoyed strong adoption in Asia (especially China), 2020 could go down as the year that U.S. merchants and shoppers fully embrace those ubiquitous square squiggly merchant codes.

Retail 144
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Starting a Fraud Investigation (Course at CPA Crossings)

FraudFiles

Coming up on Thursday Oct. 15: Starting a Fraud Investigation course at CPA Crossings. This is a 2 hour online course. It is the second in a 4 part series on conducting fraud investigations, but don’t worry… the 4 courses can be taken individually and in any order. This session costs only $89 for 2 CPE credits. What is it about? We talk about the early stages of a fraud investigation with topics including: Assembling the fraud investigation team.

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October Is Employee Ownership Month

Katz,Sapper&Miller

In today’s business environment, companies across the country have had to identify new paths towards success and adapt to meet unexpected challenges and work situations. These entrepreneurial steps are not new to employee-owned companies, where high-levels of engagement, transparency, and idea sharing are common.

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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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Niche Market Strategy: How Software Can Help with Every Step

FusionCPA

Most marketers strive to cast a wide net. They want to reach as many customers as possible. However, if you are a marketer targeting a niche industry, your target market is relatively small. From a marketing standpoint, it might feel like targeting a niche market puts you at a disadvantage. However, there are several advantages to targeting a niche market.

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GAO Warns Of Aviation Cybersecurity Risks In Report

PYMNTS

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. Entertainment systems, wireless networks, technologies that send information back to earth without intervention and position broadcasts are some of the complex digital infrastructure on commercial airliners.

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QuickBooks Cash – What is it?

SchoolofBookkeeping

Intuit recently announced a new option called QuickBooks Cash. What is that? I’d like some cash, yes, please!! Just what is this QuickBooks Cash? QuickBooks Cash is a combination of several things that allow business owners access to the one. Read More. The post QuickBooks Cash – What is it? appeared first on schoolofbookkeeping.com - Ignite Your Practice!

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SBA Explains What Approvals Are Needed for Transactions Involving PPP Loans

Katz,Sapper&Miller

Over the past several months, proper management of the Paycheck Protection Program (PPP) loan has become a critical issue during transactions. Sellers and buyers, eager to move their deals along, were left wondering whether the PPP loan should be repaid and what, if any, notifications or approvals were needed – either to the SBA, the lender, or both.

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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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How To Approach Bigger Business Players In Skagit County or Your Niche

SkagitCountyTaxServices

Local Skagit County business owner to local Skagit County business owner(though you might actually be out of the area — but this still applies), I want to remind you of something that you probably already know: With the election just one month away, the world is SWIMMING in conflict and negativity. And you need to be serious and proactive about protecting yourself from it.

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Visa’s Phalen: Collaborative Commerce Is B2B Payments' Next Act

PYMNTS

The late Harvard Professor Clay Christensen was and is famed for the “jobs to be done” theory of business innovation. In a nutshell: Companies (and even consumers) “hire” goods or services to get where they want to go, to make progress, to satisfy goals. Kevin Phalen , head of global business solutions at Visa , told Karen Webster that the consumerization and the digitization of the B2B space are enabling firms to get the job — moving money — done with efficiencies previously unknown.

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Optimizing Tech Spending – What to Do About the Trends in Technology

LSLCPAs

What Your Business Needs Now Accounting and finance departments and their management teams will need better decision-making tools to address their companies’ survival, no matter how big or small the company is. There’s so much cool technology to aid companies with their myriad of choices that it’s hard to know […]. The post Optimizing Tech Spending – What to Do About the Trends in Technology appeared first on LSL CPAs.

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What is a niche market? 4 niche market examples

FusionCPA

A niche market is a fraction of a broader market. The niche market is characterized by having a unique set of demands and preferences. When a business focuses on a niche market, it aims to cater to a small group of customers who have specific tastes as opposed to targeting a broad market. When a business focuses on niche markets , it can provide a product or service that mainstream providers are ignoring.

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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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Save Thousands on Taxes With an S-Corp Election

SingleTrackAccounting

Give yourself a pat on the back. Owning and operating a small business is no small feat. What if we told you you could be leaving hard earned money on the table and there was something you could easily do about it? . An alarming amount of business owners are not taking advantage of a major federal tax saving filing status, s-corporation. I know you’re thinking – what’s the catch?

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Mastercard: The Touchless And Caring Economies Are Boosting P2P Adoption

PYMNTS

Consumers seeking out low- to no-touch payments options amid public health concerns have combined with an uptick in charitable donations and tips to boost the comfort with peer-to-peer (P2P) payment platforms, Silvana Hernandez , senior vice president of digital payments at Mastercard , told PYMNTS. Hernandez added that while there was no way to predict or prepare for the pandemic, she’s pleased that the existing payments infrastructure was in place for consumers to leverage — particularly durin

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The Impact of the 2020 Election on Wealth and Taxes

KROST

At KROST and our associated wealth management firm, KROST Wealth , our goal is to provide you with timely news and insights. As we venture into the next presidential election, it is important to note the differences between the two candidates’ tax proposals as we look toward the next four years. As one may suspect, each candidate’s proposed plan differs drastically from the other with unique impacts on individuals and businesses depending on the outcome of this race.

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Robinhood Reports Potential Hacking Incident

PYMNTS

Online brokerage Robinhood , which offers a suite of tools aimed at making investing easy and comparatively cheap for the uninitiated, said on Friday (Oct. 9) that hackers may have gained information about customers' personal email accounts, Reuters reported. The wire service said a Robinhood statement indicated that the company’s internal systems were not compromised and that they are “actively working with those impacted to secure their accounts.”.

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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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Moving The Business Payments Focus From Price To Process

PYMNTS

In the wake of the pandemic, B2B payments have had to evolve. But in an interview with PYMNTS, Mary Beth Joiner , senior vice president of relationship management at Comdata Corporate Payments, said that there have still been pockets of resistance in making the great digital pivot. While, pre-pandemic, corporate executives had been focused on price — the costs involved in shifting to digital payments — now they are more focused on two other “Ps,” which would be process and pain, which create cos

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Hackers Hit Mobile Money Payments Processor In Uganda

PYMNTS

Ugandan police are investigating the hacking of a third-party processor of phone-based transactions, Bloomberg reported, that affected MTN Group and Standard Bank Group 's local units. Charles Twine, spokesman for the Criminal Investigation Department, said the hackers had gotten into the mobile money systems and stolen funds, according to Bloomberg.

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Venmo's Esch On Designing A Cool Physical Card For Mobile App Users

PYMNTS

Credit card launches happen a lot, and tend to blend together after a while, particularly for payments peeps who keep a close eye on such things. But Venmo – which dropped its first credit card for consumers on Monday (Oct. 5), issued by Synchrony and powered by the Visa network – is aiming for something different than just another card launch. Darrell Esch , Venmo’s senior vice president and general manager, told Karen Webster in a conversation shortly before the launch that Venmo is trying to

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Clearing Up Instant Payments No ‘Stop Payment’ Confusion

PYMNTS

Consumers love the opportunity to get paid instantly when they can. After all, who doesn’t want to get their money faster? . But with innovation comes risk — and anything that consumers use will always attract fraudsters looking to steal a cut of the action. . Ingo Money CEO Drew Edwards told Karen Webster that instant payments pose just such an attraction to fraudsters who hope to not only exploit security holes to get paid, but to get paid faster than ever before. .

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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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James Bond’s License To Close Movie Theater Chains

PYMNTS

The past six months have been unquestionably difficult for movie theaters. First, they got shut down in early spring by mandated closures that lasted in many places until nearly summer’s end. Now they’re finding customers slow to return even as cinemas reopen — which in turn has made movie studios slow to release their biggest (and most expensive) blockbusters to run in mostly empty theaters.

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Burger King, Steak-umm And Next-Level Social Media Marketing

PYMNTS

Brands have flocked to social media in an attempt to meet their consumers where they are and display a different side of themselves. Social media can be a terrific place to build bonds with one’s customers and show off a clever, avant-garde sense of humor – if a brand is good at it. And every once in a while, a brand does social media so “next-level” that seemingly the entire online world notices.

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FinTech Cloud Technology Fuels Banking Innovation

PYMNTS

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. In addition, Monese adopted Thought Machine’s cloud banking platform. Also seen in this week’s roundup of the latest in Bank-FinTech innovations was Alacriti teaming with The Clearing House on real-time payments (RTP), while Singapore Banking-as-a-Service (BaaS) startup RootAnt concluded a seed round with $1.46 mi

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Amazon Halo’s Effect On Healthcare Payments

PYMNTS

The consumerization of payments continues. And it may be enough to fix what ails healthcare. In an interview with Karen Webster, John Talaga , executive vice president and general manager, healthcare at Flywire , said healthcare firms are getting creative with the ways they grapple with collecting on what patients owe — and closing revenue and cash flow gaps.

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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.