Sat.Sep 05, 2020 - Fri.Sep 11, 2020

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Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time

AdviceForTaxpreparers

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. ABOUT. CONTACT. BOOK. Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time. by Bill Meador, CPA, JD. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Since I do not plan to sell this book through a publishing company, I need another way to market the book to the public.

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COVID Surcharges and Sales Tax

TaxConnex

Lost sales, expenses for cleaning, more time and money for employee protection and training are just some of the reasons for businesses to claim they now have to charge extra to pay for responding to the pandemic (aka, “COVID surcharges”). In many places and for many industries these charges have become commonplace. Dentists’ offices were among the first reopening to charge such fees, followed by hair salons and other businesses that necessitate personal contact.

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Backed up Bookkeeping – 5 Tips on Managing Your Accounting

MyIRSRelief

As any business owner will tell you, there are simply not enough hours in the day, and life as a business owner can be described as ‘busy’ at best. If you’re running your own business, in Los Angeles, or Orange County, regardless of how large or small your company is, you simply must ensure that you have your books and accounts in order. The IRS doesn’t care about how busy you are, they don’t care about years of backed up bookkeeping, financial worries, or anything else, they simply care about y

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Founders, Los Angeles Was Still a Hot VC Market this Summer

BurklandAssociates

Los Angeles is still a hot market for VC backed ventures (Seed - Series C). Yes, COVID-19 has slowed down the growth of many companies, but surprisingly the Median Deal Read More. The post Founders, Los Angeles Was Still a Hot VC Market this Summer appeared first on Burkland.

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Planning Your Restaurants 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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Mastercard Leads New Central Bank Digital Currency Test Platform

PYMNTS

Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). In a Wednesday (Sept. 9) news release, Mastercard said a recent survey revealed 80 percent of central banks are engaged in some form of CBDCs, while 40 percent have moved from research to experimenting with concept and design, according to by the Bank for International Settlements.

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Common Accounting Mistakes: Government Edition - Issue #5 Purchasing

SMBAccountant

The purchasing documentation and process helps keeps track of items to be charged but how does it all work?Who approves what money is spent in your company? What proof do you have that a purchase was approved? What project, if any, will this purchase be charged? Did you get the best value or price? These are very important questions whether a company has government contracts or not.

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About That PPP Forgiveness Application for Skagit County Businesses

SkagitCountyTaxServices

I have a few quick-hit things to cover today. The first of which relates to some timing issues. Labor Day is behind us (though many of my Skagit County business owner friends and clients don’t really take time off for that). (You can’t really take a vacation in the same way when you are where the buck stops. Because, well, you don’t want those bucks to stop for your family.

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Why Venture Capital Is Accelerating In Asia — Why It’s Different From The Valley

PYMNTS

Despite the pandemic, venture capital dollars are flowing freely to nascent firms in Asia that are tackling the need for contactless interactions and platforms that match supply and demand — setting the stage for innovation on the other side of the public health crisis. In an interview With Karen Webster, Craig Dixon , general partner and CEO of Accelerating Asia , an independent startup accelerator based in Singapore, said helping startups scale and navigate the VC realm requires a focus on tel

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Common Accounting Mistakes: Government Edition - Issue #5 Purchasing

SMBAccountant

The purchasing documentation and process helps keeps track of items to be charged but how does it all work?Who approves what money is spent in your company? What proof do you have that a purchase was approved? What project, if any, will this purchase be charged? Did you get the best value or price? These are very important questions whether a company has government contracts or not.

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Will Outsourced Accounting Departments Come Out A Winner?

AccountingDepartment

When the Covid-19 pandemic swept through the business landscape, how did your accounting department fare? For many, the reliance on paper and presence in brick and mortar offices created a crippling obstacle that distanced businesses from their financial data—at precisely the time they needed it most.

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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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Xero: Accounting for Marketing Agencies

FusionCPA

The words "digital nomad" may seem like something from a science-fiction novel to some, but for marketing agencies not so much. Many small businesses do not even have a brick-and-mortar office as all the employees work remotely. Simplify accounting for marketing agencies Of course, people run their business while traveling to locations closer to home when going on short trips.

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Amazon Creates Its Own Black Friday

PYMNTS

Amazon put a new date on the calendar last week. No it’s not Prime Day. But it has told its sellers that “Black Friday” deals will start on Monday, Oct. 26, leaving the rest of the retail world to read the tea leaves on Amazon’s Q4 plans. According to Tamebay , an Amazon seller news site, Amazon Early Black Friday Deals will start and run through Nov. 19.

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On-Demand Webinar: Manufacturing Cybersecurity and Fraud Threats in a COVID-19 World

Katz,Sapper&Miller

In today’s COVID-19 business environment, cyber threats have spread almost as rapidly as the virus itself – and manufacturing is uniquely susceptible. The industry has become increasingly digitized and data-driven, and the complexities of multi-organizational dependencies and data management in supply chains means that vulnerabilities are multiplying.

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Important Tax Dates for Q3 & Q4

xendoo

September 10 — Employees who work for tips. If you received $20 or more in tips during August, report them to your employer. September 15 — Individuals. Make a payment of your 2020 estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040-ES. This is the third installment For more information.

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No-Code Technology: The Key to Unlock the Future of Your Business

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.

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Choosing the Right QuickBooks Payroll Service

SchoolofBookkeeping

Running payroll inside of QuickBooks or using a product that imports into QuickBooks is a very cost-effective way to pay your employees and be compliant. Integration reduces errors and saves time, easing your entries into your checkbook. All of the. Read More. The post Choosing the Right QuickBooks Payroll Service appeared first on schoolofbookkeeping.com - Ignite Your Practice!

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JPMorgan On The Digital Transformation Of Corporate Liquidity Management

PYMNTS

The rise of the coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about cash management. JPMorgan ’s Head of Global Liquidity Product Solutions Specialists, Lori Schwartz , told PYMNTS in a recent Masterclass that the very nature of liquidity management is changing — and leading treasury management professionals to pivot to digitization and move from physical to virtual accounts.

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Xero: Accounting for Construction Companies

FusionCPA

As an owner of a construction company, managing various elements from the field is necessary, and Xero accounting for construction companies can help. Projects, people, and related activities keep you on the road. Managing the financial aspects of your business never stops. There is field services management software that can monitor cash flow, send invoices, and help with other financial aspects as you work in the field with your mobile device.

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On-Demand Webinar: The Importance of Tax Planning in Times of Uncertainty: 2020 and Beyond

Katz,Sapper&Miller

Regardless of the economic climate, tax planning is a valuable tool that all transportation companies should revisit each year. This is especially important during times of uncertainty, such as the current pandemic, to ensure that both short-range and long-term tax projections have been calculated and strategies forged. Troy Hogan, Director, Katz, Sapper & Miller shares best practices and actionable solutions for immediate use during McLeod Software’s virtual 2020 User Conference.

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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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Setting QuickBooks to Run as Administrator

SchoolofBookkeeping

One of the challenges with QuickBooks Desktop is that QuickBooks needs access to various files and folders to be able to run properly. Often files will need to be updated from time to time, and if QuickBooks does not have. Read More. The post Setting QuickBooks to Run as Administrator appeared first on schoolofbookkeeping.com - Ignite Your Practice!

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Chipotle’s Digital Sales Leap A Harbinger Of QSR’s Great (Sales) Shift

PYMNTS

The great digital shift in the quick-service restaurant (QSR) space shows no signs of stopping. To that end, Bloomberg reported that Chipotle Mexican Grill CEO Brian Niccol estimated the firm’s digital sales could be as much as $2.4 billion in 2020, leagues higher than the $1 billion seen in the previous year. And in a nod to the fact that mobile and online orders are here to stay, Niccol said sales digital sales could be as much as 40 percent to 50 percent of revenues, which Bloomberg noted wo

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Apple Pay Eyeing QR Code Transactions

PYMNTS

Apple Pay users may soon be able to use a feature in the Wallet app to make payments by scanning a QR code. AppleInsider reports the new method would no longer require near field communication (NFC), the wireless data transfer that enables nearby devices to communicate without an internet connection. Since its launch, Apple Pay transactions at brick-and-mortar retailers relied on NFC and an iPhone near the payment terminal to make a contactless purchase.

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Berkshire Hathaway Sells $2.5B Stake In Wells Fargo

PYMNTS

Warren Buffett has once again reduced his company’s investment in Wells Fargo & Co. , favoring Bank of America (BoA) instead. The Financial Times (FT) reported Berkshire Hathaway now owns 138 million shares in Wells Fargo, a 3.3 percent stake in the nation’s fourth largest U.S. bank, down from more than 8 percent last year. Last month , Berkshire reduced its Wells Fargo stake by 26 percent to 237.6 million shares, based on its second quarter report with the Securities and Exchange Commission

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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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Digital Shift Gives Rise To DTC Brands

PYMNTS

Outside of the pandemic — if there is such a thing as outside of the pandemic — two stories have been the most compelling in retailing so far this year. The first is the digital shift. The second is the rise of direct-to-consumer (DTC) brands. Last year, DTC online sales reached an impressive $14.28 billion , with that figure expected to grow more than 24 percent in 2020.

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The Commercial Card Embraces A Season Of (Major) Change

PYMNTS

The year 2020 began inconspicuously — but in a few short weeks, everything changed. For businesses, the world market was thrown into volatility, yet soon, new opportunities emerged. In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business.

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Hitting The Gas On Real-Time Payments Adoption

PYMNTS

The year 2020 has been an unexpected one, to say the least — not least of all for the payments ecosystem. This year was supposed to be a tipping point for real-time payments adoption in the U.S., yet progress hasn't been as advanced as many in the industry would have liked. Interestingly, said Manish Gurukula , CEO of Alacriti , it's not the pandemic that has slowed the country's path toward faster payments.

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IRS Offers $625K For Help Cracking Cryptocurrency Secrecy

PYMNTS

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. The agency recently issued a request for proposals from anyone who can help track payments using the Monoro or Lightning protocols and similar approaches to hiding tracks.

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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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Looking Beyond The Card To Drive Commercial Adoption

PYMNTS

The payments digitization push has ramped up for corporates in recent months, with growing corporate card adoption attributed to the pandemic, recent Mastercard data reveals. Yet it's not only the need to embrace electronic payments that is encouraging government agencies, small businesses and larger enterprises to embrace the payment tool. In this week's Commercial Card Innovation Tracker, PYMNTS rounds up the latest innovations that showcase how industry players are looking beyond the card its

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Wardrobe: Recommerce Meets The Sharing Economy In Bid To Become The ‘Airbnb of Fashion’

PYMNTS

The reCommerce business has met the sharing economy. That’s the oversimplified view of the business model adopted by Wardrobe , a new kind of peer-to-peer fashion rental company that on Tuesday (Sept. 8) is breaking out of its New York City beta test and into a nationwide launch. But before getting into the launch and exploring how the Wardrobe concept will be deployed, as well as potential comparisons to its competitors, it’s essential to understand its business model.

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Brands Go Direct To Consumer Online: Now What?

PYMNTS

Bringing a brand directly to consumers over digital channels was an option to consider in the pre-pandemic world — but the question for brands today in our radically digitized world is not if, but when, according to sticky.io Chief Operating Officer Ro Bhatia. “What brands should be thinking about now is basically how to double down — triple down — on their direct-to-consumer offerings,” Bhatia told PYMNTS.

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Amazon Pay’s Gauthier: No One Can Predict Retail’s Future, So Innovate Around What Won’t Change

PYMNTS

Consumers are living in stressful times, and Patrick Gauthier , vice president at Amazon Pay , told PYMNTS in a recent interview that merchants working to prepare for retail’s new normal should start by addressing that. Consumers, he noted, are experiencing stress in ways they actually never have before due to the pandemic changes being made to their lives.

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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.