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Why you need a Controller? Owning a small business is an incredibly rewarding opportunity but it can sometimes feel overwhelming. As owners, we all wear many hats and it can be difficult to balance the creative, managerial, and financial decisions all on our own. Professionals such as controllers can help small business owners concentrate on what they do best.
After Alabama reopened on May 1, the state has seen coronavirus cases surge by 300 percent month over month, with intensive care units (ICUs) at less than 4 percent capacity remaining and medical workers “exhausted physically and mentally,” Montgomery Mayor Steven Reed said on CNBC. Reed said his region has “improved marginally,” but that it is “not enough to get us out of this crisis moment.” “We can manage it, but we can’t sustain the trend that
Senate Passes Paycheck Protection Program Flexibility Act As expected, the Senate has passed the House of Representatives’ version of the Paycheck Protection Program (PPP) Flexibility Act on June 3, 2020.This legislation will remove many restrictions from the original PPP terms while still allowing businesses to maximize forgiveness. Key Provisions Some of these highlights are recaps of our previous email.
Distributing pay stubs is often an important part of the payroll process. But, do employers have to provide pay stubs? That answer depends on where your business is located. To stay compliant, you need to know the pay stub requirements by state. All about pay stubs Not sure what is a pay stub? No worries. […]. The post Pay Stub Requirements by State (Plus Chart & Infographic!
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.
Why you need a Controller? Owning a small business is an incredibly rewarding opportunity but it can sometimes feel overwhelming. As owners, we all wear many hats and it can be difficult to balance the creative, managerial, and financial decisions all on our own. Professionals such as controllers can help small business owners concentrate on what they do best.
Plutus , a British FinTech startup, is providing rewards via its credit card to customers who buy from the eCommerce store of Nike , Cointelegraph reported. The rewards are made with Pluton, the native digital currency of the company. Users can receive additional rewards by staking their digital tokens through the company’s app. Users have to utilize the Plutus Visa card as they shop through the web to get the benefit.
On June 5, the Paycheck Protection Program Flexibility Act of 2020 (the Act) was signed into law. The new law significantly changes the Paycheck Protection Program (PPP) by giving borrowers more time to use funds, extending the time to satisfy safe harbors, relaxing payroll requirements, and more.
On June 5, the Paycheck Protection Program Flexibility Act of 2020 (the Act) was signed into law. The new law significantly changes the Paycheck Protection Program (PPP) by giving borrowers more time to use funds, extending the time to satisfy safe harbors, relaxing payroll requirements, and more.
Here at Mazuma, we live by three simple phrases: stay compliant, stay organized, and save on taxes. Our goal is to ensure your small business is compliant with the IRS, your books are organized and you save on taxes during tax season. We accomplish this goal by our Mazuma Portal Dashboard. Our portal is the software we use to connect our client’s information with our tax professionals.
PPP Loan Forgiveness- Possible Loosened Restrictions The House of Representatives has passed the Paycheck Protection Program Flexibility Act to the Senate on May 28, 2020 with a 417-1 vote.The bill will make qualifying for PPP loan forgiveness easier for borrowers by loosening some of the restrictions originally put in place as part of the CARES Act on.
Real gross domestic product ( GDP ) is projected to plummet 52.8 percent in the second quarter, according to the Federal Reserve Bank of Atlanta’s GDPNow as of Monday (June 1). The model, which offers a “nowcast” of the official estimate before its release, had forecast a 51.2 percent drop on May 29, according to an announcement. The nowcasts of real personal consumption expenditures growth for Q2 fell from a 56.5 percent drop to a 58.1 percent drop, and real gross private domestic investm
In order to keep our clients and friends safe and healthy during the COVID-19 crisis while still providing a forum for open discussion, Katz, Sapper & Miller’s Construction Services Group has temporarily moved our usual in-person Viewpoint Construction Software® Local User Group Meeting to a virtual event on June 17 from 2:00-4:00 p.m. EDT.
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.
Most small business owners are aware of the Paycheck Protection Program (PPP Loan) but are unaware of in depth details of the loan and how to spend those funds. This article will provide reasons to apply for the loan, how to spend the funds, and how to be forgiven for those funds. What is the Paycheck Protection Program? The PPP Loan was created to give relief to small business because of the COVID-19 pandemic.
Marches. Protests. Riots. Each is a different, unique expression of anguish facing communities and their allies. Each is capable of evolving into another in an instant, with or without actual, representative intent, much less strategic planning. All of them are rooted in the same reality: something has to change. Dr. Martin Luther King Jr. and John Lewis knew this nation needed change.
Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors.
Businesses that did not receive a forgivable loan under the Paycheck Protection Program (PPP), including business that repaid their PPP loan by May 18, 2020, may be able to find economic relief by claiming the Employee Retention Credit. The Employee Retention Credit is a payroll tax credit available to eligible employers in an amount equal to 50% of qualified wages paid after March 12, 2020.
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.
Financial institutions (FIs), businesses and healthcare providers are adjusting their operations to suit the new reality that the COVID-19 pandemic has caused. Healthcare provideers, for example, are turning to telehealth solutions to service patients for routine appointments as to keep those individuals from entering hospitals or doctors’ offices and risking exposure.
Isn’t it surprising to know that 70 percent of financial institutions are just now adopting cloud computing solutions? Or how about this fact: over 90 percent of the world’s top 100 banks still use physical mainframes running 20th century style. So, what’s holding up the upgrades? It’s that old devil, legacy, and a smidgen of caveat emptor on the part of upgrading banks.
After some three months of keeping consumers at home, governments around the world are beginning to let people publicly mix again — albeit in a modified fashion that involves wearing masks, keeping socially distant and limiting crowded indoor locations. The big question is how to make sure infection rates and hospitalizations don’t skyrocket. As CEO Jon Prideaux of mobile payments and identity platform Boku noted in a recent conversation with Karen Webster, China, South Korea and Singapore are u
The role of application programming interfaces (APIs) in banking and B2B payments has grown progressively larger over recent years, especially overseas. The United Kingdom has more than 200 providers developing APIs , for example, and these developers made 200 million requests for bank data via APIs just in January. These APIs are constantly threatened by fraud, however.
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.
Western Union could be looking to acquire MoneyGram in a transaction that would unite two of the country’s largest money transfer services, according to Bloomberg. Western Union has made a takeover offer to MoneyGram, but nothing has been made official, Bloomberg reported, citing a source who asked not to be identified. MoneyGram has been struggling during the pandemic, with its physical locations having to close around the world as governments impose stay-at-home orders.
While Lyft’s ride counts are rising from the worst parts of the pandemic, they’re still down 70 percent from a year ago, CNBC reported. Lyft’s ridership, affected as other such companies have been by the pandemic, was up 26 percent in May compared to April, a regulatory filing said. These numbers are among the first companies have offered as states have begun to reopen after the worst of the pandemic.
The coronavirus pandemic has many smaller property owners looking to unload their properties to save money, which could lead to big owners seeing a market ripe with purchasing opportunities, according to a CNBC report. The companies on the defensive right now also include venture capital-backed rental companies and vacation rental apps like Airbnb. The U.S. travel economy has taken a decisive $195 billion revenue shortfall since March when the pandemic began, according to CNBC, which cited a rep
As commerce shifts online in a pivot that is likely to remain permanent, the fraudsters are also shifting their targets — and methods. And as Rob Tharle , head of fraud strategy at NICE Actimize , told PYMNTS in a recent interview, financial institutions (FIs) and merchants need to adopt a multi-layered approach to combatting those bad actors. “There are a number of areas where the fraud threat has increased this year and where we have seen an increasing trend — and the current situation with CO
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.
Mexican banking FinTech albo is now offering business banking services in addition to the individual services the company has provided previously, according to news site Contxto. The service, called albo empresas, or albo business, attempts to address the problem of businesses losing time by making payments. Through albo empresas, businesses can receive money, make transfers, disperse funds and keep track of their dealings through reports that show the financial health of the company.
Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. Providing robust services via mobile channels is especially important now, as the COVID-19 pandemic has caused businesses to operate remotely and consumers to stay at home as much as possible.
Google users in India can now order groceries for delivery from startup Dunzo , allowing the tech giant to effectively enter into the Indian delivery market, according to a BGR report. The service can be used through Google Pay without having to download another app. The partnership will work for both companies, allowing Google to use Dunzo’s on-the-ground services, while Dunzo will reap the benefits of Google’s Pay app, which has over 67 million users in India.
Americans are known the world over for many things, but financial literacy isn’t one of them. We’re not known for being a nation of expert money managers. GoBankingRates offered up a six-question money quiz a bit back to the public to let consumers test their inherent knowledge of financial literacy and only about 3 percent of respondents managed to pass.
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.
Physicist Niels Bohr — or maybe it was ballplayer Yogi Berra — once said predictions are hard, especially the ones about the future. Any sudden shock to the system like we have observed with the pandemic exposes both vulnerabilities and opportunities, especially for payments. But as to where we are headed — well, that’s a bit tougher to divine. In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, bank
On the heels of the U.S. Mint’s decision to phase out production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030, Bloomberg News reported. Kathryn Haun said cash is on its way out in the same way books and music have gone digital. Haun’s prediction is not surprising given the company’s effort to raise $450 million for Libra, a blockchain digital currency proposed by Facebook.
Bank-FinTech collaboration continues to proliferate in markets around the world. This week’s look at the latest tie-ups show the U.K. and Europe embracing FinTechs in Open Banking efforts. Elsewhere, FinTechs are taking the initiative to work with financial institutions and offer their technologies in an effort to augment corporate services. Below, PYMNTS breaks down the latest in bank-FinTech partnerships.
U.K. invoice insurance provider Nimbla is teaming up with the credit risk assessment firm Wiserfunding , according to a report in Crowdfund Insider on Friday (May 29). The partnership is a result of the launch of the FinTech task force Innovate Finance , which took place in March, the report said. The task force was looking to “offer an origination and underwriting platform that will allow banks, alternative lending platforms and private debt lenders to digitally allocate funding to businesses d
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.
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