Sat.Mar 21, 2020 - Fri.Mar 27, 2020

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$2.2 Trillion Coronavirus Economic Stimulus and Relief Legislation Enacted; Rebate Checks May Be Larger Than You Think

MarkFriedlich

Wolters Kluwer experts analyze potential tax implications Today, the US Congress passed its third and by far the largest piece of legislation in response to the Coronavirus COVID-19 pandemic, and the President has signed it into law. The “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) includes relief and economic stimulus for individuals and […].

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Syncing online scheduling with video conferencing

BuildYourFirm

Syncing online scheduling with video conferencing keeps you in touch with your clients while adhering to Coronavirus safety measures. As the coronavirus precautions and mandates continue, more people are working from home than ever before. Offering an online electronic scheduling tool provides time-saving benefits for both your staff and clients. It not only lets your clients schedule an appointment with you when it’s convenient for them, it saves your employees time scheduling meetings or going

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ID2020: What’s Needed For Digital Identity In 2020

PYMNTS

Who we are, where we’re headed and what this all looks like on the “other side” of the pandemic are topics on everyone’s mind right now. So are vaccines. So is online shopping, with urgency. All of these subjects share a commonality: IDs. In commerce, knowing (and verifying) who’s on the other side of a transaction can mean the difference between a retailer making a sale to a loyal customer or a fraudster.

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COVID-19 Banking Terms Changing for Veterinarians – Pet Hospitals

VetCPA

The terms for banking are rapidly changing and will continue to evolve. Below are the new terms that have been established by lendor. For more up to date information, contact us and we will put a VET CPA in touch with you pronto. Due to the recent development of COVID-19, the terms for loans is rapidly changing: Bank. Terms. Affinity Bank. 1 day turn around on Lines of Credit (if existing customer) and 3 months deferred payments.

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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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State Departments of Revenue Close Physical Locations, Encourage Online Services

MarkFriedlich

How to Contact State Departments of Revenue In an effort to keep tax and accounting professionals abreast of rapidly evolving changes in the tax landscape during the COVID-19 pandemic, we have added a summary of State Departments of Revenue hours and contact methods to the Wolters Kluwer COVID-19 Resources for Tax & Accounting Professionals resource page under Government & […].

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Introducing Video Conferencing to Your Clients in the Midst of the Coronavirus

BuildYourFirm

With the spread of the Coronavirus around the world and now in our country, companies are being. asked to carry out their business remotely to protect their clients and staff. Continuing to hold in-person. office meetings with your clients is unnecessary and unsafe and can easily be avoided by implementing. video conference platforms such as Zoom, Google Hangouts, and GoToMeeting.

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Coronavirus Loan Assistance – Veterinary Practices – Pet Hospitals

VetCPA

The VET CPA Association, and it’s Veterinary CPA member firms, have launched a Small Business Loan Assistance service to support the following types of veterinary practices: Veterinary Clinics. Pet Hospitals – Animal Hospitals. Mixed Animal Veterinary Practices. Specialty Veterinary Practices. This emergency loan assistance program is designed to provide veterinary practices with sound financial guidance in this emergency situation navigating federal, state and city specific programs, gran

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Dental Industry Loan Terms – Lendeavor

DentalAccounting

As a result of the current pandemic, most dental specific loan providers have quickly responded. Below are some details that we have recently received from Lendeavor on how they have responded. Current Dental Clients of Lendeavor. Current clients of Lendeavor were all contacted last week directly with the opportunity to accept deferred payments to their current loans to ease the burden to their cash-flow as they navigate this event.

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Building CPA Practice From Scratch: Luke Gheen

BuildYourFirm

Would you leave a safe and comfortable controller position at a large company to start your own CPA firm? That’s what Luke Gheen, founder of Gheen & Co. in Colorado Springs, did – in his early 30s and without any public accounting experience. In this episode of Accounting Marketing Doesn’t Suck , Hugh Duffy talks with Luke about his decision to strike out on his own, the challenges he faced and how he landed many of his clients because of unsatisfactory service.

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Corona Virus COVID-19 IRS Tax Relief – Back Taxes Help

MyIRSRelief

For individual and business taxpayers facing hardship, back taxes, payment plans, installment agreements, offer in compromise, tax filings, tax levies, garnishments, liens, compliance and other IRS tax matters. IR-2020-59 on 03.25.2020. IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance programs. Continue reading ›.

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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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Veterinary Ventilators – Shipped to Hospitals – Combat COVID-19

VetCPA

The nation’s hospitals, facing dire shortages of lifesaving ventilators as the coronavirus outbreak continues, are finding help from an unlikely source: animal doctors and veterinarians. The country’s largest veterinary schools, animal hospitals and even zoos are offering up ventilators to hospitals that are scrambling to care for a growing number of critically ill coronavirus patients.

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Coronavirus Dental Practice Loan Assistance – COVID-19

DentalAccounting

The Dental Accounting Association, and it’s Dental CPA member firms, have launched a Small Business Loan Assistance service to support the following types of dental practices: General Dentistry. Pediatric Dentistry. Orthodontists. Oral Surgeons. Endodontists. Periodontists. Specialty Dental Practices. This emergency loan assistance program is designed to provide dental practices with sound financial guidance in this emergency situation navigating federal, state and city specific programs,

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Western Union Launches New Video, Phone Tool For Home Money Transfers

PYMNTS

Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. A pilot of the new channel is being introduced in Austria, Belgium, Italy, Portugal and Oman. Users can choose phone calls or video in multiple languages to connect to a money transfer personal service assistant.

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IRS Tax Relief: COVID – 19 Corona Virus

MyIRSRelief

Major tax relief included in COVID-19 stimulus act agreement (03-25-20). The Senate reached agreement on the Corona virus Aid, Relief, and Economic Security (CARES) Act stimulus bill last night, with a vote expected in the Senate today and a House vote today or tomorrow. It’s expected that the President will sign the bill. Key tax provisions include: Tax credit rebates of up to $1,200 per individual and $500 per child that are phased out for taxpayers with AGI over $75,000 ($150,000 MJF an

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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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What Is My State Unemployment Tax Rate?

Patriot Software

Running payroll means staying on top of your employment tax responsibilities. In addition to withholding income and payroll taxes from employee wages, you must contribute employer taxes. Unlike some other taxes, state unemployment taxes do not have a standard rate. Read on to answer, What is my state unemployment tax rate? About state unemployment tax […].

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CARES Act Provides More Tax Relief

Katz,Sapper&Miller

Just before midnight on March 25, the Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The legislation, which would provide $2.2 trillion in economic relief to businesses and individuals affected by the COVID-19 pandemic, is now headed to the House for a vote.

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World Health Organization Target Of Hack

PYMNTS

A hacking organization tried to breach the World Health Organization (WHO) recently, according to a report by Reuters. WHO Chief Information Security Officer Flavio Aggio said the identity of the hacking group isn’t known, and cyberattacks against the organization have increased exponentially during the coronavirus crisis. The hack was discovered by Alexander Urbelis, a cybersecurity expert and lawyer who looks for suspicious internet activity.

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Senate reaches $2 trillion relief package to help jolt economy during coronavirus pandemic

BuildYourFirm

A major deal was struck by the White house and Senate leaders on March 25 for a $2 trillion package that will provide relief to the economy in the midst of the coronavirus pandemic. It is the biggest relief package in American history. Senator Mitch McConnell called it as “a wartime level of investment into our nation” as the United States continues to see a rise in the number of coronavirus cases.

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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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$2T Relief Program – COVID-19 – Coronavirus

VetCPA

A major deal was struck by the White house and Senate leaders on March 25 for a $2 trillion package that will provide relief to the economy in the midst of the coronavirus pandemic. It is the biggest relief package in American history. Senator Mitch McConnell called it as “a wartime level of investment into our nation” as the United States continues to see a rise in the number of coronavirus cases.

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Managing Cash Flow in Times of Uncertainty

Katz,Sapper&Miller

The unprecedented events in response to the COVID-19 pandemic are impacting every business in complex ways. Maintaining adequate cash flow to sustain successful operations is likely to elevate as a significant risk for many companies. However, there are tried-and-true processes that can help identify a potential cash crunch and maximize critical reaction time to avoid or minimize business interruption.

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China Suspected In Surge Of US Cyberattacks

PYMNTS

U.S. cybersecurity firm FireEye said it suspects China is behind a surge in cyberspying that began in January, just when the coronavirus was starting to seriously spread outside of China, according to a report by Reuters. The firm wrote a report that said it suspected the activity was coming from a hacking group called “APT41.” The attacks began on Jan. 20 and were aimed at more than 75 of FireEye’s customers, which include media firms, healthcare organizations, manufacturers and nonprofits.

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$2 Trillion Relief Package – Coronavirus – COVID-19

DentalAccounting

A major deal was struck by the White house and Senate leaders on March 25 for a $2 trillion package that will provide relief to the economy in the midst of the coronavirus pandemic. It is the biggest relief package in American history. Senator Mitch McConnell called it as “a wartime level of investment into our nation” as the United States continues to see a rise in the number of coronavirus cases.

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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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Trump Signs $2 Trillion Bipartisan CARES Act

MarkFriedlich

President Donald Trump on March 27 signed the $2 trillion bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136). The House approved the historically large emergency relief measure by voice vote just hours before Trump’s signature. The CARES Act cleared the Senate unanimously on March 25. Wolters Kluwer Special Report CARES Act Tax […].

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IRS Issues Preliminary Guidance for Claiming New Payroll Tax Credits Provided by Families First Coronavirus Response Act

Katz,Sapper&Miller

On March 20, the IRS, the Treasury Department, and the Labor Department announced preliminary guidance (via IR 2020-57) for claiming the new payroll tax credits provided under the Families First Coronavirus Response Act. The Treasury Department subsequently released FAQs on March 31, providing further guidance on the implementation of these payroll tax credits, which have an effective date of April 1, 2020.

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Fed Could Issue COVID-19 Crisis Money Via eWallets

PYMNTS

To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals” with payments. With passing of the draft legislation, legal adults would receive $2,000 and $1,000 would be provided for each child, Yahoo! Finance reported. . The bills are called the “Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act” and the “Take Responsibil

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Walmart Enacts No-Touch Protocols

PYMNTS

Walmart is enacting no-touch procedures so that customers can shop more safely during the coronavirus outbreak, according to a report by USA Today. Shoppers who buy items through Walmart Pay won’t have to touch the screen anymore, and instead will be able to scan a QR code and pay from an app on their phone. For pickup, customers can simply open their trunks and an employee will load the groceries in, and they won’t ask for a signature.

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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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Lyft Directs Drivers To Pursue Amazon Positions As Rides Decline

PYMNTS

While the coronavirus forces consumers to stay inside, Amazon is joining forces with Lyft to attract drivers for grocery and package deliveries. Lyft has directed its drivers to pursue Amazon positions as warehouse workers, delivery people or grocery shoppers “as a way to earn additional income right now,” Bloomberg reported. The message reportedly came as demand for trips is falling precipitously and drivers are encountering economic hardships.

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US House Wants Economic Stimulus Payments To Leverage eWallets

PYMNTS

To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals” with payments. With passing of the draft legislation, legal adults would receive $2,000 and $1,000 would be provided for each child, Yahoo! Finance reported. . The bills are called the “Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act” and the “Take Responsibil

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Getting Stimulus Funds To Those Who Need Them — Without The Paper Check

PYMNTS

The stimulus bill designed to combat the economic ravages of COVID-19 is massive. Getting that aid into the hands of affected families — wracked by swelling unemployment numbers, and of course, an ongoing healthcare crisis — will be slow going. If ever there was a time to kill the check, that time would be now. The $2 trillion economic stimulus bill is making its way through Congress, having been approved by the Senate and now up for consideration by the House.

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Fed Plans Release Of Clean Cash As Virus Spreads

PYMNTS

In the midst of the coronavirus pandemic, the Federal Reserve has plans to print new money that will not have come into contact with the virus, although this may not happen immediately, according to a report by CoinDesk. The Fed doesn’t currently think that the virus will be worsened by the transmission and trading-hands of dollars, Joey Lee, spokesperson for the Federal Reserve Bank of Philadelphia, said, pointing to recent Centers for Disease Control and Prevention (CDC) findings.

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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.