SMBAccountant

DECEMBER 2, 2020

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. What exactly is GAAP? GAAP are a set of accounting principles established by the Financial Accounting Standards Board (FASB) to provide clarity, consistency, and comparability of financial reporting and information.

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Government accounting principles Account accountant 219

BurklandAssociates

NOVEMBER 30, 2020

Many have asked for the latest update on PPP forgiveness. There are a few Burkland clients who have submitted their PPP forgiveness application, were approved, and had their loan fully Read More. The post PPP Forgiveness & Tax Update appeared first on Burkland.

tax 250

tax Account accountant accounted 250

MyIRSRelief

DECEMBER 1, 2020

As ruthless as the IRS can be, they aren’t completely heartless and they themselves know that businesses can’t be expected to hand over unreasonable amounts of profit every time they file their tax returns. As a result of this, for people looking to save on your business taxes, the IRS is set up in such a way that it provides a series of tax breaks aka deductions for individuals and business owners alike.

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business tax tax tax return accrual accounting 147

TaxConnex

DECEMBER 3, 2020

Alpharetta, GA - TaxConnex, Inc today released the results of a new survey finding that the increasing sales tax complexities, growing nexus, limited resources and additional audits are among the top worries of financial professionals in 2021. The nationwide survey, conducted by Porter Research Group in November of 2020, is composed of responses from 100 top finance professionals on their thoughts and experiences in managing sales tax.

South Dakota 138

South Dakota Sales tax audit 138

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

NOVEMBER 30, 2020

The divide between digital and brick-and-mortar commerce hit a tipping point this holiday season, with more consumers than ever going online to kick off their holiday shopping sprees. Three out of every four consumers who shopped for their holiday purchases on Black Friday this year made at least one of those purchases online, and three in 10 exclusively shopped online.

Gaming 128

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ThomsonReuters

NOVEMBER 30, 2020

The new Thomson Reuters podcast, Tax & Tech Talks explores the evolving inter section of tax and technology. Each episode explores current issue s or topic s , giving listeners an opportunity to gain a deeper understanding and new perspectives in tax and tech. We chat with top subject matter experts and industry leaders as we break down these top-of-mind topics. .

Finance 98

Finance Technology tax accounting and finance 98

SkagitCountyTaxServices

DECEMBER 2, 2020

There’s both good news (for some) and bad news (for many) as we round the corner into December. And I’m not talking about our culture, or politics, or sports, or anything like that. I’m talking about TAXES. I’ll start with the good news. This is applicable to some of my readers only, but it is nice news for Skagit County business owners in certain high tax states.

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tax preparation cpa Sports tax 54

PYMNTS

DECEMBER 2, 2020

Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. Stripe Capital first got off the ground in September 2019, offering customers and businesses financing options through its online platform. On Tuesday (Dec. 1), Stripe went live with the next phase in its business lending campaign, which enables online platforms to offer financing to their business customers through Stripe Capital.

Finance 120

Finance Retail Sales 120

SmallBusinessAccounting

DECEMBER 1, 2020

Whether you file as a corporation or a sole proprietor, here's what business owners should keep in mind when it comes to their 2020 taxes.

business tax 66

business tax tax 66

Withum

DECEMBER 3, 2020

Withum has prepared a 48 page e-book with year-end tax planning ideas that is available for easy download. See link at end of blog.

tax planning 66

tax planning tax 66

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

Technology

IgniteSpot

DECEMBER 1, 2020

bookkeeping 105

bookkeeping 105

PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Daniel Gouldman , CEO of crypto-banking platform operator Ternio , told Karen Webster that PayPal’s endorsement is a major step in crypto’s quest to go mainstream.

Real Estate 117

Real Estate Washington Government Gaming 117

PANALITIX

DECEMBER 3, 2020

RESOURCES / ARTICLES. Finding Your Niche: Lessons from Accountants on the Specialization Journey. Accounting businesses are thinking ahead to 2021… and Panalitix is fortunate to be working closely with many of them in North America, Europe, Australia and New Zealand. One observation is that many partners are not satisfied with the current state of their businesses.

Account 231

Account accountant accounted North Carolina 231

Withum

DECEMBER 1, 2020

Entertainment 104

Entertainment 104

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Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

Technology

ThomsonReuters

DECEMBER 3, 2020

QUESTION: Our company has decided to self-insure our major medical plan (which is subject to ERISA). Since our plan has been fully insured until now, the insurer has made all claims and appeals decisions without the company’s involvement. Now, we are engaging a TPA to provide certain administrative services for the self-insured plan. Will the TPA assume claims and appeals responsibilities like the insurer has?

Legal 59

Legal tax Account accountant 59

PYMNTS

NOVEMBER 30, 2020

A hacker is reportedly selling information from hundreds of C-suite executives' Microsoft -based email accounts, according to a report from Engadget. The targets spanned CEOs, vice presidents and directors, and included "the chief of a mid-sized American software company, the president of a U.S. apparel maker and the CFO of a European retail chain," according to Engadget.

Account 116

Account accountant accounted Retail 116

PYMNTS

DECEMBER 4, 2020

J.P. Morgan Chase said that brisk Black Friday and Cyber Monday sales are likely indicators of a record-breaking eCommerce holiday shopping season. J.P. Morgan Merchant Services’ combined in-store and eCommerce payments were up 15 percent over last year’s Black Friday weekend, “a sign that the pandemic did little to curtail spending as the holiday shopping season began,” Doug Smith, executive director of J.P.

Sales 115

Sales Retail 115

PYMNTS

DECEMBER 2, 2020

FedEx took a big step on Wednesday (Dec. 2) toward beefing up its eCommerce capabilities, announcing a deal to acquire eCommerce platform ShopRunner for an undisclosed sum. “We are committed to growing the ShopRunner platform and combining it with our global digital and logistics intelligence to create new possibilities in eCommerce,” FedEx President and COO Raj Subramaniam said in a press release announcing the deal.

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E-commerce Retail Sales 114

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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.

Technology

PYMNTS

NOVEMBER 30, 2020

Some U.S. chefs and industry advocates fear new rules to stem the spread of COVID-19 could be the final straw, the Financial Times (FT) reported. Some of the country's highest-profile chefs said they expect to see a wave of failures, according to FT. "It's becoming very stressful," Chef Daniel Boulud of Manhattan's Daniel restaurant said, FT reported.

Sales 112

Sales 112

PYMNTS

DECEMBER 1, 2020

Salesforce has inked a definitive agreement to buy Slack Technologies for an enterprise value of roughly $27.7 billion based on the Monday (Nov. 30) closing price of Salesforce’s common stock, according to a Tuesday (Dec. 1) announcement. “[Slack CEO and Co-Founder Stewart Butterfield ] and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” Salesforce Chair and CEO Marc Benioff said in the announcement.

Technology 108

Technology 108

PYMNTS

DECEMBER 3, 2020

For all of the innovation that's occurred in the banking landscape, it's often consumers – not corporates – that benefit from the latest technologies. While FinTech innovators continue to drive competition with a focus on product functionality and an optimal end user experience, businesses are often forced to use outdated tools, according to Frank Dux , managing director of CoCoNet.

B2B 105

B2B Technology Retail Account 105

PYMNTS

DECEMBER 2, 2020

Belgium-headquartered payments solution provider SWIFT is introducing a new service for real-time cross-border payments and transfers called gpi Instant. “This is an important milestone in our strategic ambition to help banks meet growing global demand for instant and frictionless cross-border payments,” David Watson , chief strategy officer at SWIFT, said in a statement on Wednesday (Dec. 2). .

Maine 102

Maine Gaming Account accountant 102

Advertiser: Paycor

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.

PYMNTS

NOVEMBER 30, 2020

Razorpay Co-Founder and CEO Harshil Mathur said the company is working with Visa on a new corporate card, according to YourStory. The goal of the partnership is to provide "relief and stability" for small- to medium-sized business (SMB) owners, the companies said in the post. "This new card is specifically designed for small business owners to weather the impact of COVID-19," the post stated.

Finance 101

Finance Sales B2B 101

PYMNTS

NOVEMBER 30, 2020

The Indian economy has suffered a blow due to the COVID-19 pandemic in spite of its massive 1.3 billion customer base, The Wall Street Journal (WSJ) writes. India’s gross domestic product has fallen 7.5 percent compared to the same time in 2019, WSJ writes. While India was once among the world’s fastest growing economies, now it’s one of those that is contracting the quickest.

Hospitality 99

Hospitality Government Retail 99

PYMNTS

DECEMBER 3, 2020

Data from the Census Bureau’s latest survey indicates that about a third of Americans are anticipating further job loss, pay cuts and evictions due to COVID-19’s economic fallout. The third phase of the experimental Household Pulse Survey was released by the Census Bureau on Wednesday (Dec. 2) in collaboration with several federal agencies. The survey aims to collect data and glean insights about American households amid the global pandemic.

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New York Government 97

PYMNTS

DECEMBER 4, 2020

A new bill introduced in the U.S. Congress would make stablecoins illegal unless they're approved by the government, according to a report by Cointelegraph. Called The Stable Act, the bill will work to protect consumers from new digital payment instruments, citing both stablecoins and Facebook 's Libra ( now Diem ), Cointelegraph reported. The bill text says it will be unlawful for people "to provide any stablecoin-related service, or otherwise engage in any stablecoin-related commercial activit

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Government 93

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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.

Finance

PYMNTS

DECEMBER 1, 2020

Kount , which works in digital fraud protection and identity trust, announced today (Dec. 1) that it is working with data cloud provider Snowflake to provide enhanced, artificial intelligence- (AI) driven insights into customer behavior, according to an emailed press release. The product is titled Data on Demand and will work as a "private data warehouse," the release said, working with insights from Kount's Trust Global Network and powered through machine learning and AI capabilities.

Government 93

Government 93

PYMNTS

NOVEMBER 30, 2020

HSBC Group is considering shuttering its U.S. retail banking operations after four decades trying to build a strong presence in the country, the Financial Times (FT) reported. FT based its report on unnamed sources, stating the bank is weighing "a complete exit from retail banking in the U.S. after narrowing the options for how to improve performance at its struggling North America business.”.

Retail 93

Retail 93

PYMNTS

DECEMBER 3, 2020

J.P. Morgan Asset Management has announced that it has agreed to acquire FinTech 55ip , which works to help financial advisors deliver tax-smart investment strategies, according to a press release. The release stated 55ip will still operate as its own separate company, but it will have the "full support" of J.P. Morgan. 55ip, which has been operating for nearly five years, works in automated tax technology, and Founder and Executive Chairman Dr.

Technology 91

Technology tax 91

PYMNTS

DECEMBER 4, 2020

Banking as a Service (BaaS) is poised to change the end user experience of corporates as they navigate the daily challenges of cash flow management, supply chain activity and the need to become digital-first. In just one of the most recent announcements , Stripe said it is partnering with several large banks to offer financial services via Stripe Treasury to offer debit cards and bank accounts to online merchants and other enterprises.

Technology 89

Technology B2B Account accountant 89

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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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