Sat.Aug 29, 2020 - Fri.Sep 04, 2020

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How Startups Can Succeed at Virtual Hiring

BurklandAssociates

Jamie Ceglarz, CEO of Guild Talent, provides tips to help startups succeed at virtual hiring. Jamie shares his 3-part virtual hiring plan for startups, plus a formula for "working" virtual Read More. The post How Startups Can Succeed at Virtual Hiring appeared first on Burkland.

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Bharmal & Associates, Inc. Receives First Reviews on Clutch, Maintains Perfect 5.0-Star Average on the Platform

Bharmal&Associates

We’re no ordinary accounting firm here at Bharmal & Associates, Inc.! With years of experience as a professional service organization, we offer a wide range of services for businesses and individuals. From individual tax planning services to complex corporate consulting engagements, we are ready to be your full-service CPA firm. Based in Orange County, Southern California, we received our first reviews on Clutch and maintain a perfect 5.0-Star Average on the platform.

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Hilton Hotel In Times Square To Close

PYMNTS

The Hilton Times Square is the latest victim of the coronavirus pandemic. In a filing with New York’s State Department of Labor Monday (Aug. 31) the managing director of the 44-story landmark said it will close permanently next month and 200 jobs will be lost. The iconic hotel on West 42nd Street was shuttered and furloughs began in mid-March as COVID-19 struck the city, The Wall Street Journal (WSJ) reported.

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Leaping Into the Unknown

SingleTrackAccounting

We have been recently reminded that it is crucial for entrepreneurs to stay up to date on emerging trends. Staying dynamic will allow you to successfully alter your course to fulfill client needs and thrive amid transition and variability. Owning a small business can be uncertain, even in the best of times and 2020 has been no exception. This year could include a major pivot in your business as the current situation has drastically changed the landscape in several different ways.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Deferring Employee Payroll Taxes 

CapataCPA

Deferring Employee Payroll Taxes The U.S. Treasury and IRS have released the initial guidance, Notice 2020-25, to put into operation the President’s Executive Order, which allows employers to defer employee payroll taxes beginning on September 1, 2020. It’s important to note that this relief is intended for the employer, not the employee. The employer is the “affected taxpayer” in this Executive Order.

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Governmental Accounting Standards Update: 8/31/20

Katz,Sapper&Miller

The Government Accounting Standards Board (GASB) regularly issues GASB Statements to set accounting and financial reporting standards for state and local governments that follow generally accepted accounting principles in the United States (U.S. GAAP). Below are select statements that were recently issued.

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Help Your Small Business Clients Avoid an IRS Audit

CTP

As a tax professional, you are well aware that every one of your business clients has two main goals at tax time: Calculate as many deductions as possible Avoid an IRS audit They’re counting on you for help. Most of them are unable to do this on their own, so your guidance is priceless. This […]. The post Help Your Small Business Clients Avoid an IRS Audit appeared first on certifiedtaxcoach.

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Use These Financial Reports For Business Decisions By Steve Padgett

SkagitCountyTaxServices

Just in time for the weekend, the IRS issued Friday-evening guidance about the overly-hyped (at first) payroll tax “holiday” There was initial hope that this might be a great shot-in-the-arm for Skagit County businesses and employees, but given how the thing is structured, and the limitations of executive action (i.e. it takes a Congressional order for taxes to actually be “forgiven”), my advice is that you carefully consider whether this makes sense for your business.

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The PPP Forgiveness Portal Is Now Open: 5 Tips for What to Do Next

xendoo

The federal Payment Protection Program (PPP) ended on August 8, 2020. Although no new applications are being accepted, the thousands of small businesses who already received a loan — and the banks who issued those loans — must now make decisions about the process of obtaining loan forgiveness. The federal Payment Protection Program (PPP) was designed to help small businesses — and their employees — stay afloat during the COVID-19 pandemic.

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Re-Examining The Role Of Correspondent Banking

PYMNTS

More money crossing borders digitally. Fewer correspondent banks to move that money. And the hallmark of that money movement — a lack of transparency and speed. What might replace a clunky system in a world where payments are becoming ever more global? The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and decl

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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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Tax and Legal Impacts of Doing Biz Remotely in Other States and Abroad

LSLCPAs

Pay, Tax, and Work Laws for Remote Employees The pandemic suddenly made remote workers the rule rather than the exception. Here are a few tips for administering your payroll in “Remote-Land.” For the most part, it’s wisest to check with the local HR and accounting professionals, but here’s an excellent […]. The post Tax and Legal Impacts of Doing Biz Remotely in Other States and Abroad appeared first on LSL CPAs.

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Handling Consignment Sales in QuickBooks

SchoolofBookkeeping

It is common practice for a retail store to display consignment inventory for a vendor that they have not purchased. This inventory is called Consignment Inventory. The agreement is established so that when the items are sold, the retail store. Read More. The post Handling Consignment Sales in QuickBooks appeared first on schoolofbookkeeping.com - Ignite Your Practice!

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Walmart Marketplace: Pros, Cons and Best Practices for eCommerce Small Businesses

xendoo

You’ve got options when choosing a platform to sell your products online. Two of the best known are Amazon and Shopify. But there’s another big name player you might not have considered: Walmart. The power of the world’s largest brick-and-mortar retailer is now expanding to Walmart’s eCommerce operation; and you can reap the benefits, from accounting to customer service.

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PayPal Launches iZettle Food & Drink In The UK

PYMNTS

PayPal has launched its iZettle Food & Drink app, the point of sale (POS) platform for iOS to support food and drinks service in the U.K. The app was crafted to support the hospitality industry including restaurants, cafes and pubs for a fast and easy way to pay the check. England’s food and drink sector was one of the hardest hit by lockdowns. Sales fell by 87 percent from April through June.

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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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Infidelity and Fraud

FraudFiles

What on earth do fraud and infidelity have in common? Quite a lot. While there may be no scientific studies available that analyze the correlation between financial fraud and infidelity, anecdotal evidence suggests there is a connection. A discovery of a corporate fraud has often led to the discovery of a secret addiction like gambling, alcohol, or drugs.

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Maximizing Profits Through Proper Tax Planning

MyIRSRelief

With more than 30 million small businesses in the US, effective tax planning is essential to maximizing profits and minimizing taxes, keeping more of what is earned, and lowering your taxes for the future. Understanding the intricacies of effective tax planning takes professional guidance to ensure that you are taking advantage of every opportunity.

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Additional Guidance Released on Social Security Tax Deferral, but Questions Remain

Katz,Sapper&Miller

Earlier this month, President Trump signed an executive action directing the Secretary of the Treasury to defer collection of the employee portion of the Social Security tax (6.2%). The executive action stated that the Secretary of the Treasury would issue guidance needed for implementation. On Friday, Aug. 28, the U.S. Treasury Department and Internal Revenue Service (IRS) issued this first piece of guidance via Notice 2020-65.

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How Retailers Can Ride The Rise Of Mobile Wallets

PYMNTS

Mobile payments have long been billed as the next big thing. Starting with the release of Apple Pay in 2014, there was a veritable rush of proprietary mobile wallets sent to market, a host of “. Pays” for consumers to choose from. The problem, Brett Narlinger , Blackhawk Network ’s head of global commerce, told Karen Webster, is that most consumers weren’t really looking for a new payments form factor that they could only use on certain devices or at a short list of places.

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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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Becoming a Fraud Investigator (Course at CPA Crossings)

FraudFiles

This Thursday Sept. 3: Becoming a Fraud Investigator course at CPA Crossings. This is a 2 hour online course, and is the first in a 4 part series on conducting fraud investigations. It is jam packed with forensic accounting information, but it’s cheap at only $89 for 2 CPE credits! What is it about? It’s getting you ready to perform a fraud investigation with information from a forensic accountant like: – Common workplace fraud schemes. – Red flags of occupational fraud.

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SPAC Investor Ackman In Limited Talks With Stripe For IPO

PYMNTS

Billionaire investor Bill Ackman said he's had preliminary discussions with Airbnb and Stripe , among others, about helping them to go public, Bloomberg reported. The process would involve them going through a merger with Ackman's blank-check company. Airbnb didn't get anywhere with Ackman before the popular home vacation rental app ended up seeking a traditional initial public offering (IPO), which it said it ultimately preferred to Ackman's method — although it hasn't ruled out a merger with A

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Mastercard’s Kirkpatrick: Why Now Is the Right Time for A New Cash-Back Credit Card

PYMNTS

As consumers pay down credit card debt – in some cases with the aid of stimulus checks – and are ever wary about their financial situations, issuers have been muted when it comes to rolling out new cards. It may seem like a dubious time to introduce a new card. But as Linda Kirkpatrick , president of U.S. issuers for Mastercard , told Karen Webster in an interview, recent announcements of Chase rolling out a new card, Freedom Flex, while refreshing its Freedom Unlimited card, underscore the impo

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Helping FIs Separate The 'Reality Of Fraud Protection' From Perception

PYMNTS

The pandemic has pushed us to do all things digitally while opening up new vectors of attack. Those new avenues of fraud have leveraged hallmarks of the current pandemic — fears over public health and concerns about stimulus checks issued by the government — to snare unwitting victims. . . According to some estimates, as many as 22 percent of Americans have been impacted by COVID-related fraud. . .

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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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CheckAlt, NXTsoft Partner To Boost Real-Time Integrations

PYMNTS

CheckAlt , which provides treasury management and item processing, is partnering with OmniConnect, NXTsoft 's secure connectivity solution, to allow for faster real-time integrations, a press release says. The team-up will help to speed up onboarding by improving connections between CheckAlt, core providers and credit unions or banks for LoanPay, the loan processing solution utilized by CheckAlt.

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SBA Eyes Fees Paid To Rocket Loans, Contractor In Loan Program

PYMNTS

The U.S. government's Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million in fees while subcontracting the work out to the nation's largest mortgage lender, The Wall Street Journal (WSJ) reported. The Small Business Administration (SBA) awarded $770 million to RER Solutions , a Herndon, Virginia-based contractor, to process loans for businesses hurting under the economic strife of the pandemic, according to g

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Pinterest Pays $89.5M To Cancel New Office Lease As Employees Work At Home

PYMNTS

Pinterest is canceling its upcoming lease to move into a San Francisco office that it doesn't need because its workers will be working from home, a report Monday (Aug. 31) from KCBS Radio said. The plan was for the social media tech giant to lease a near-490,000 square-foot office at 88 Bluxome, in San Francisco's SoMa neighborhood. The neighborhood is involved in the redevelopment of the old San Francisco Tennis Club.

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Delta, American Join United In Eliminating Change Fees In US

PYMNTS

Delta Air Lines and American Airlines , looking to draw customers back during the pandemic, are dropping change fees for domestic flights, CNBC reported Monday (Aug. 31). The move comes after rival United Airlines did the same thing Sunday (Aug. 30), getting rid of its $200 fee to change tickets for domestic flights. Delta, which is based in Atlanta, made the elimination of the change fees effective immediately, and included all tickets for the U.S., Puerto Rico and the U.S.

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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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Reliance Retail Fires Shot Against Amazon In Battle For India

PYMNTS

There’s a storm brewing in the Indian retail scene, with Amazon at its center. Over the weekend, Reliance Industries – the company owned by India’s richest man, Mukesh Ambani – purchased Future Group ’s 2,000 retail stores and the Big Bazaar grocery chain. Reliance , which is already referred to as the “Amazon of India,” owns and operates more than 10,000 stores across categories including supermarkets, consumer electronics, apparel and other various segments, and also owns several eCommerce sit

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The Digital Payments Preferences That Cross The Generational Divide

PYMNTS

Cash will always have a place among consumers — but its use is dwindling. Only 26 percent of all consumer payments are made in the U.S. with cash — and consumers are even starting to ditch plastic cards. For financial institutions (FIs) and enterprises that seek to pivot to meet the growing demand for digital payments, observing and reacting to shifts in how different generations prefer to pay will be critical during the pandemic and beyond, according to Royal Cole , executive vice president, FI

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Chronic Medical Conditions Get Telehealth Boost With DTC

PYMNTS

The direct to consumer ( DTC) model is changing the way we get our goods and services across everything from makeup to meal kits. And it is upending healthcare too, perhaps most visibly in pharmaceuticals, where we can get our meds mailed, on autopilot. But drill a bit deeper and DTC can shift some of the dynamics in how we treat and even diagnose some of the most persistent personal problems — cosmetic ones and even some debilitating conditions.

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Flipkart Rolls Out B2B Marketplace

PYMNTS

Flipkart has rolled out its Flipkart Wholesale operations, which serves as a B2B marketplace for small businesses and shops. The offering is now available to customers in Bengaluru, Gurugram and Delhi, Financial Express reported. The app is available for those who have Android devices to have merchandise sent to their stores as it stands. “Change the way you buy bulk products for your business with Flipkart Wholesale’s efficient technology and logistics,” Flipkart Wholesale said on its website.

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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.