VetCPA
JANUARY 14, 2020
U.S. News & World Report just completed their rankings of the best jobs across 17 categories and the veterinarians did well. Below are the highlights: 100 Best Jobs –Veterinarians were ranked #10 in the U.S. News and World Report analysis. They ranked 100 of the best jobs and the veterinary industry performed well. Visit the U.S. News & World Report analysis for more detail.
DentalAccounting
JANUARY 14, 2020
U.S. News & World Report just completed their rankings of the best jobs across 17 categories and the oral health category excelled. Below are the highlights: 100 Best Jobs – Dentists were ranked #2. Orthodontists were ranked #4. Oral and Maxillofacial Surgeon were ranked #9. Best Paying Jobs – Oral and Maxillofacial Surgeons were ranked #3.
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Patriot Software
JANUARY 13, 2020
Like past years, the IRS released changes to the income tax withholding tables for 2020. In addition to new wage brackets, there are significant changes to how employers will handle tax withholding. These changes are in response to the Tax Cuts and Jobs Act of 2017. When you have employees, you need to stay on […]. The post Updates to the Income Tax Withholding Tables and What You Need to Know appeared first on Patriot Software.
PYMNTS
JANUARY 14, 2020
In financial services, demand for ease of use and security are sky-high, even for business customers. But for many service providers, achieving one can often mean compromising the other. Payments and financial service providers are facing an even greater challenge in balancing these two capabilities in the age of open banking and cloud migrations, with more opportunities than ever before for sensitive company and customer data to be compromised.
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Katz,Sapper&Miller
JANUARY 16, 2020
Katz, Sapper & Miller has been named one of America’s Top Recommended Tax and Accounting Firms by Forbes.
PYMNTS
JANUARY 13, 2020
It was a difficult week for businesses getting hit with cyberattacks, with foreign currency company Travelex among the most high-profile of recent cases. The currency exchange company continues in the grips of a ransomware attack that has crippled its operations, as well as the foreign currency operations of its corporate clients, including HSBC and Barclays.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
JANUARY 14, 2020
Canadian eCommerce platform Shopify is helping people start online businesses with an initial starter loan of $200, Forbes reported on Tuesday (Jan. 14). Loans will be offered through Shopify Capital , giving new merchants $200 when they join Shopify and link a bank account. . “For the immigrant who is new in the country, the student in the college dorm and the mom who has been out of work for awhile the starter loan makes it a little bit easier,” said Kaz Nejatian, vice president and general
PYMNTS
JANUARY 16, 2020
A New York City-appointed panel is seeking a $500 million bailout to help taxi drivers trapped in unscrupulous medallion loans, The New York Times reported on Wednesday (Jan. 15). A group is asking for the creation of a new public-private partnership to take over the debt that the drivers took on to buy medallions — city-issued permits that are required to own cabs. .
PYMNTS
JANUARY 17, 2020
DoorDash has overtaken GrubHub as the No. 1 food delivery service in the U.S., according to a report by CNBC. The data comes from analytics firm Second Measure. DoorDash got 33 percent of all food delivery sales in the U.S. in 2019. GrubHub, which used to be No. 1, captured 32 percent of the market. Uber Eats captured 20 percent, and Postmates got 10 percent.
PYMNTS
JANUARY 14, 2020
For tokenized payments, $1 trillion and counting. Visa said on Tuesday (Jan. 14) that participants in its Visa Token Service have processed eCommerce volumes of $1 trillion since the service’s debut in 2014, and that its transition of Visa Checkout merchants to click-to-pay will begin on Jan. 21 in the U.S. The click-to-pay option will replace Visa Checkout, the company said.
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
JANUARY 16, 2020
B2B invoicing and payments firm Crowdz has announced a new pilot aimed at connecting businesses to crowdfunding services to finance their unpaid invoices. In a press release sent to PYMNTS Thursday (Jan. 16), Crowdz announced it is rolling out what it claims to be the world’s first invoice financing marketplace, InvoiceXchange, in pilot phase. The platform will enable businesses to auction off their invoices to receive invoice financing, a tool Crowdz said aims to address the pain point of late
PYMNTS
JANUARY 15, 2020
Brazil’s unicorn FinTech and payments startup EBANX is trialing a digital wallet, called Ebanx Go, with 10,000 consumers on a test basis, the company announced on Wednesday (Jan. 15). The digital wallet offering is intended to solidify the FinTech’s reach in the Brazilian payments market. “Providing access has always been the great mission of EBANX.
PYMNTS
JANUARY 14, 2020
Things move fast – perhaps too quickly at times – in payments and commerce. A fresh sign of that is how much focus is turning toward the emerging consumer group known as Generation Z. Gen Z is growing up. The oldest members of the generation born between the mid-90s and the mid-2010s (specific year ranges vary depending on who is supplying the figures) are graduating from college, getting their first jobs and starting to form relationships with credit products.
PYMNTS
JANUARY 14, 2020
Call it an expansion of the Visa network-of-networks model. As reported on Monday (Jan. 13), Visa said it will buy Plaid — which focuses on the development of application programming interfaces (APIs) that allow consumers to share their data with thousands of apps — for $5.3 billion. On a conference call with investors following the announcement, Visa CEO Al Kelly said that “Plaid opens up new market opportunities by significantly expanding Visa’s network capabilities,” adding that Plaid provide
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
PYMNTS
JANUARY 17, 2020
When The Clearing House launched its Real-Time Payments (RTP) network in 2017, the service was bound to rewrite some rules, and it has. More than two-thirds of executives surveyed for the January 2020 Making Real-Time Payments a Reality : Rising Demand for Real-Time Payments report from PYMNTS and Mastercard say they’re “very” to “extremely” aware of RTP, and over 85 percent report that they are now implementing RTP, or plan to, over the next three years.
PYMNTS
JANUARY 17, 2020
Accounts payable (AP) automation technology has hit the ground running, with solutions designed to accelerate invoice processing, optimize payment strategies and promote digital adoption. Yet, with AP solution providers enticed by the high payment volumes and values of the B2B arena, emerging solutions can sometimes be too large for the mom-and-pop shop on Main Street.
PYMNTS
JANUARY 13, 2020
Millennials have long been sought-after travel and hospitality customers, partly because they are perfectly placed to seek such experiences. They are old enough to have disposable income, but young enough that they can travel without major health and wellness risks. This unique status creates both opportunities and challenges for firms in the space, as millennials search for the experiences they crave.
PYMNTS
JANUARY 14, 2020
Open-air shopping centers – also called strip malls or strip centers – are replacing malls as retail juggernauts, offering necessities like grocery stores, hair salons and dentists, The Wall Street Journal reported on Tuesday (Jan.14). Predating malls, the outdoor centers offer merchandise and services that keep people coming back several times a week.
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PYMNTS
JANUARY 13, 2020
Foot traffic is flat as digital dominates top-line growth. Purchases are shifting from individual brands to marketplaces. Mobile influences the purchasing and ordering process, regardless of whether the product is ultimately delivered or picked up in-store. Scale economies help big players, and brand affinity helps hyperlocal players compete – while brands in the oversaturated middle struggle to differentiate.
Patriot Software
JANUARY 15, 2020
As an employer, you’re responsible for withholding taxes from your employees’ wages and reporting the amount to the government. And in order for employees to file their individual tax returns, you need to show them how much you withheld during the year. So, how do you do that? You need Form W-2. Ready to get […]. The post With This Guide, You’ll Be Reading and Understanding Form W-2 Like a Pro appeared first on Patriot Software.
PYMNTS
JANUARY 13, 2020
JPMorgan Chase said the launch of CME Group options is building and there is the anticipation of institutional interest in Bitcoin-related contracts. Bakkt , a consortium that includes Intercontinental Exchange, the New York Stock Exchange parent, started giving options last month, according to strategists led by Nikolaos Panigirtzoglou. “There has been a steep increase in the activity of the underlying CME futures contract” over the past few days, Panigirtzoglou wrote, noting that open interest
PYMNTS
JANUARY 14, 2020
More patents were filed in the U.S. in 2019 than ever before – 333,530 were granted, 15 percent more than in 2018, the global patent data platform IFI CLAIMS announced on Monday (Jan. 13). IBM was the leader in filings for the 27 th consecutive year with 9,262, a 2 percent increase over 2018. Samsung ranked second with 6,469 patents, up 11 percent. Canon came in at No. 3 with 35,724 filings, Microsoft ranked fourth with 3,081 and Intel was fifth with 3,020.
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PYMNTS
JANUARY 17, 2020
Artificial intelligence (AI) is moving from cool concept toward everyday consumer reality, and signs of that innovation are increasingly appearing in the retail space. Take the issue of retail security as one example. As the new PYMNTS Merchant Fraud Decisioning Playbook shows, fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use.
PYMNTS
JANUARY 12, 2020
Wells Fargo is striving to revamp its approach to technology to ensure systems stay online, satisfy regulators and block cybercriminals, the Wall Street Journal (WSJ) reported on Saturday (Jan. 11). Following the 2016 incident of bogus accounts, regulators have been watching the bank closely and have handed down edicts that Wells Fargo has had trouble meeting due to obsolete methods and resources, past and current personnel told the WSJ.
PYMNTS
JANUARY 13, 2020
Fitness and wellness are helping to change the face of retail in 2020. Consumers are creatures of habit — but those habits can be complex. And, of course, habits vary according to factors like geography, age and even fitness level. Businesses that can tap into those habits can often tap into a gold mine — but doing so can be much harder than it may seem, even for the smartest and most data-driven of entrepreneurs.
PYMNTS
JANUARY 12, 2020
Uber will cease operating in Colombia at the end of the month, the company said in a statement. The decision — the latest blow to the rideshare company — comes after protests from Colombian taxi drivers that Uber was breaking the rules of the country’s taxi market. According to a lawsuit from the opposition company, Uber had an unfair advantage over other taxis because it did not have to pay the same regulatory fees that other taxis were subject to.
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PYMNTS
JANUARY 14, 2020
China is finalizing its first rules for online-only banks, striving to reduce financial jeopardy and lure pivotal participants, Reuters reported on Monday (Jan. 13), citing three sources. The new rules would also cover foreign financial institutions already doing business in China — Citigroup, HSBC and Standard Chartered — and empower them to establish independent online banks, two sources told Reuters.
PYMNTS
JANUARY 17, 2020
Healthcare providers must frequently wait to get paid by insurance company partners for the patient treatments they have already administered. Some private practice physicians even report weeks or months going by before they see insurance reimbursements. These delays can cause major challenges for providers’ cash flows, as practitioners must continue to handle their own expenses even when revenue is slow to arrive.
PYMNTS
JANUARY 13, 2020
Visa has signed a deal to purchase FinTech firm Plaid for $5.3 billion, according to a report. Plaid, which was launched in 2013, is attractive to Visa because it has the technology to get access to a customer’s bank account data, collect it and aggregate it for financial services providers to use. Plaid uses a unified application programming interface (API) to link FinTech apps with people’s bank accounts.
PYMNTS
JANUARY 13, 2020
As Uber, Lyft and other ridesharing companies continue to prosper, California is seeing a reckoning with the question of their need for regular taxis. To fight back against the dominance of ridesharing apps, the City of Los Angeles is enacting sweeping changes to its taxi system. The change has been a long time coming. Taxis aren’t as appealing to younger people, and have been seeing a cannibalizing of their revenues in Los Angeles, where drivers are petitioning for changes to the Los Angeles Ai
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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.
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