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.
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.
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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with a focus on product functionality and an optimal end user experience, businesses are often forced to use outdated tools, according to Frank Dux , managing director of CoCoNet.
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.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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?
PYMNTS
DECEMBER 3, 2020
The digital shift brought on by the coronavirus has caused treasury banks to reprioritize their support of digital payments as consumers and merchants increasingly demand fast, easy and secure ways to get their money. And while the origins of that trend pre-date the current crisis, Silvana Hernandez , senior vice president of digital payments at Mastercard , tells PYMNTS that the pandemic has sped up the process.
LSLCPAs
DECEMBER 3, 2020
Changing accountants could very possibly be the best thing you do all year. It’s something that happens for several reasons, ranging from having an accountant retire to going through a change in your business that requires something more or different than what the present accounting firm offers. Assuming the decision […]. The post How to Change Accountants, & Why You’d Want a Change appeared first on LSL CPAs.
PYMNTS
DECEMBER 3, 2020
Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. In this week's look at payment rails innovation, Visa embraces blockchain and digital currency to facilitate corporate and small business payments, while CardUp supports commercial card payments by mixing payment rails for easier supplier acceptance.
Speaker: Jennifer Hill
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
PYMNTS
DECEMBER 3, 2020
Having a customer’s credit card on file or being able to take payments online is a common practice for many retailers. But increased adoption by healthcare providers of such basic processes during the pandemic has marked a huge step forward for an industry that’s focused on delivering care, Rectangle Health Chief Technology Officer Mike Peluso told PYMNTS recently.
ThomsonReuters
DECEMBER 3, 2020
King v. Cmty. Ins. Co., 2020 WL 5870513 (9th Cir. 2020). Available at [link]. Multiple participants in an employer-sponsored group health plan received treatment from the same out-of-network hospital. Although the participants had assigned their benefits to the hospital, the plan administrator paid benefits directly to the participants. The participants retained the payments, and the hospital sought benefits from the plan.
PYMNTS
DECEMBER 3, 2020
Might mobile payments help revolutionize corporate cards? David Wood , director of products at Conferma Pay , told PYMNTS in a recent Masterclass that mobile payments are increasingly becoming an essential component of the business payments landscape, providing a “consumersation” experience for business essentials, and will inevitably lead to a change in the corporate card environment.
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
ThomsonReuters
DECEMBER 3, 2020
IRS Notice 2020-84 (Nov. 24, 2020). Available at [link]. The IRS has announced the annual increase in Patient-Centered Outcomes Research (PCOR) fees paid by health insurers and self-insured health plan sponsors. PCOR fees were established by the Affordable Care Act (ACA) and are used to support clinical effectiveness research. Because the ACA provision included an expiration date, PCOR fees originally were collected only for plan years ending before October 1, 2019.
PYMNTS
DECEMBER 3, 2020
The pandemic has significantly altered the way consumers of all age groups and income levels shop and pay, with many turning to online and mobile channels to reduce health risks. Yet, the two most connected consumer groups — bridge millennials and superconnected consumers — have changed their habits the most. Both bridge millennials and superconnected consumers own more connected devices than the average consumer and are considered to be on the cutting edge of digital adoption.
ThomsonReuters
DECEMBER 3, 2020
Annual Report to Congress on HIPAA Privacy, Security, and Breach Notification Rule Compliance for Calendar Year 2018; Annual Report to Congress on Breaches of Unsecured Protected Health Information for Calendar Year 2018. Compliance Report. Breach Notification Report. HHS’s Office for Civil Rights (OCR) has posted its 2018 calendar-year reports to Congress on— (1) HIPAA privacy, security, and breach notification rule compliance; and (2) the HIPAA breach notification program.
PYMNTS
DECEMBER 3, 2020
Boris Johnson gets his COVID vaccine in public. Three U.S. presidents agree to do the same. The CEO of American Airlines takes his beleaguered 737 Max jet on a maiden voyage. All of it begs the question: What makes for being a good influencer as 2020 comes to a close? It is a trickier than expected question to answer, given how much our lives have changed over the last eight or so months.
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
LSLCPAs
DECEMBER 3, 2020
You’ve just been told you need an audit by your banker to satisfy covenants, or your Board of Directors is requiring that an audit be performed. Most CPA firms perform audits in accordance with Generally Accepted Accounting Principles (GAAP). During an audit, your CPA will perform a test of your […]. The post What You Should Expect from Your CPA During an Audit |For Privately Held Companies appeared first on LSL CPAs.
PYMNTS
DECEMBER 3, 2020
After the year we’ve seen so far, uncertainty is probably just about the last thing the retail segment wants as a holiday present for 2020. But the good news is that as the season spins up, there are glimmers of hope for a better future on the horizon, Randy Piatt , Ondot Systems ’ head of product solutions, recently told PYMNTS. He said the trouble is that the horizon is still pretty out of reach – and only dimly visible.
RitaKeller
DECEMBER 3, 2020
“ There is no dignity quite so impressive, and no independence quite so important, as living within your means. ” – Calvin Coolidge. In my presentations and on this blog, I often talk about the value of perseverance. The following quote from Calvin Coolidge about persistence says it wonderfully. When you are facing challenges inside your firm, when all the partners aren’t on the same page, keep telling yourself: Press on.
PYMNTS
DECEMBER 3, 2020
Apparently, there is no limit to how low some cyberspies will go. An IBM cybersecurity team blew the whistle on Thursday (Dec. 3) on what it called in a blog post a sophisticated “global phishing campaign” that targeted organizations involved in a key part of the supply chain for the various COVID-19 vaccines under development. In particular, the hackers targeted the organizations involved in the “cold chain,” the component of the supply chain designed to keep vaccines “persevered in temperatu
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
ThomsonReuters
DECEMBER 3, 2020
The IRS has issued a draft of the 2021 version of Publication 15 ((Circular E), Employer’s Tax Guide). The draft addresses issues such as qualified leave wages for 2020 paid in 2021, the impact of the 2020 COVID-19 related tax credits on the 2021 look-back period and provides further clarification on lock-in letters and invalid W-4 forms. Background.
PYMNTS
DECEMBER 3, 2020
Like all regulations, the new Digital Services Act brewing in the European Union has its detractors (those who will be regulated) and its fans (those who are writing the regulations). Somewhere in between are consumers. And as the EU government plans on releasing a draft of the DSA, its advocates are starting to lay out the potential benefits. The DSA, now scheduled for a Dec. 9 publish date, basically concerns itself with two issues: competition and content.
PYMNTS
DECEMBER 3, 2020
Walmart is reportedly laying off an additional 1,200 workers as part of a reorganization that encompasses the big consumer shift to online shopping. In July , Walmart cut its workforce by laying off hundreds in its logistics, real estate and retail location-planning divisions. “We are continuing on our journey to create an omnichannel organization within our Walmart U.S. business,” Jami Lamontagne , a spokesperson for Walmart, said in a statement to PYMNTS at the time.
PYMNTS
DECEMBER 3, 2020
Wintrust Financial Corporation has selected global enterprise technology provider NCR Corporation to provide its new digital-first banking platform, according to a press release. Wintrust is a $43 billion platform with 15 branded community bank subsidiaries and will leverage NCR to help provide a new "unique branded experience" and aid customers across its 180 locations, changing the experience at both digital and branch channels, the release stated.
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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.
PYMNTS
DECEMBER 3, 2020
U.K. challenger bank Monzo has closed a funding round with another 60 million pounds ($80.3 million), the same amount as its last funding round from June, TechCrunch reported. Monzo has now raised 125 million pounds ($167.3 million) during the pandemic. The company also now has over 4.8 million customers, including over 60,000 business users, and over 100,000 in its paid-for current accounts Monzo Plus and Monzo Premium, according to the report.
PYMNTS
DECEMBER 3, 2020
As a B2B Software-as-as-Service (SaaS) organization, 6Sense is a digital-first company with an emphasis on Big Data and automation capabilities. They're concepts that naturally extend in the back office and into 6Sense's own workflows, particularly when it comes to finances. But digitization is an ever-evolving goal, and one that for many organizations — 6Sense included — changed as a result of the pandemic.
PYMNTS
DECEMBER 3, 2020
Intelligent automation supplier Kofax has announced new innovations for its invoice and accounts payable (AP) solutions, according to a press release. Kofax's solutions, the release stated, help to boost the speed and ease of processing financial documents and data, including automation of time-consuming manual work and easy ways to connect financial systems.
PYMNTS
DECEMBER 3, 2020
New consumer data from PYMNTS shows 3.7 percent of Black Friday online shoppers used flexible buy now, pay later (BNPL) credit offers to pay for their purchases. The study also showed that 71 percent of the time, BNPL installment plans were used to pay for clothing, followed by sporting goods, home furnishings, toys, electronics and health/personal care items, where BNPL was used about one-third of the time.
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
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