DuctTapeMarketing

DECEMBER 16, 2020

7 Small Business Trends that Arrived Just in Time for 2021 written by John Jantsch read more at Duct Tape Marketing. This blog post is brought to you by GoDaddy Pro. Every year for the last 20 or so, I’ve wrapped up the year with my predictions for trends in the coming year. I’m usually spot on too. But that’s really more of a testament to the fact that trends tend to creep up on us rather than overwhelm us.

Start-ups 341

Start-ups Technology Education Maine 341

SMBAccountant

DECEMBER 16, 2020

Many small business federal contractors begin with research and development (R&D) contracts or grants as part of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These programs are offered by the government to encourage innovation with the potential for commercialization. These programs often result in technology or products that begin with government use and then become commercial items.

Government 246

Government accountant Account accounted 246

RogerRossmeisl

DECEMBER 28, 2020

Are you thinking about selling stock shares at a loss to offset gains that you’ve realized during 2020? If so, it’s important to avoid wash sales if selling stock by year-end. IRS may disallow the loss Under this rule, if you sell stock or securities for a loss and buy substantially identical stock or securities back within the 30-day period before or after the sale date, the loss can’t be claimed for tax purposes.

Sales 246

Sales CPA Tax 246

PYMNTS

DECEMBER 18, 2020

Facebook’s Libra might be fading a bit as a perceived threat to monetary systems that have been in place around the globe for centuries. But the race is still on for central banks to develop their own digital versions of fiat to take their place alongside bills and coins. To that end, the Bahamas may stand out as an epicenter of sorts for the rise of central bank digital currencies (CBDCs).

Massachusetts 142

Massachusetts Technology Retail 142

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

Account

ThomsonReuters

DECEMBER 20, 2020

What is the difference between sales tax and value-added tax (VAT)? Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. Sales tax and VAT are a common cause of confusion within the corporate tax community.

Sales 119

Sales South Dakota Tax corporation tax 119

Withum

DECEMBER 9, 2020

Nothing lasts forever unless someone does the best they could to make it last and they have the wherewithal to do it. People don’t last but some of what they accomplished might.

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Patriot Software

DECEMBER 13, 2020

As the year comes to a close, you might be gung-ho about all the goals you want to achieve in next year. But before you can get the ball rolling in the new year, you have to wrap up some things in the current year—including your payroll. There are a number of timely payroll requirements […] READ MORE.

payroll 106

payroll 106

LSLCPAs

DECEMBER 22, 2020

As we draft this alert, Congress is still in Washington. And as you will read, that is a very good thing. Congress is spreading holiday cheer and we admit it’s affecting our mood too. On Monday night, Congress passed and sent to the President the 5,593 page Consolidated Appropriations Act […]. The post Part XII – PPP Loan Forgiveness: Merry Christmas Everyone!

cpas 98

cpas Washington Finance Tax 98

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Olga Skorobogatova, first deputy governor of the CBR, said 30 countries are working on their own national digital currencies, some of which could launch in five to seven years. According to the Bank for International Settlements (BIS), as of July, some 36 central banks published studies on the concept of a central bank digital currency (CBDC) also known as a di

Technology 142

Technology B2B 142

ThomsonReuters

DECEMBER 19, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act, PL 116-136) made substantial changes to the Code Sec. 163(j) business interest expense deduction limitation. With all the changes made to the Code in 2020 due to COVID-19, it is worthwhile to review Code Sec. 163(j) both pre- and post-CARES Act changes. What is the 163(j) limitation?

Real Estate 105

Real Estate New York Tax accounting and finance 105

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Account

Withum

DECEMBER 21, 2020

“Zoom is not my thing” was a response to an invite I sent to a friend for a program I organized that I thought he would enjoy. He is not the only person I know that doesn’t do Zoom.

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SkagitCountyTaxServices

DECEMBER 23, 2020

Well, Congress seems to have heard the cries of the huddled masses of SMB’s around the country, and more PPP funding is (seemingly) on the way. Details aren’t finalized yet as of this writing, so I will have more to say on these matters in future weeks. Even these early signals are still very good news in my book … but I will remind you — unless you have a plan to use these funds properly, they won’t help your Skagit County business.

tax preparation 98

tax preparation CPA Tax 98

IgniteSpot

DECEMBER 1, 2020

bookkeeping 105

bookkeeping 105

PYMNTS

DECEMBER 23, 2020

Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau ( CFPB ) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release. According to the release, Santander allegedly knew that it provided incorrect consumer data to the three major credit reporting agencies (CRAs). Santander is an originator and servicer of non-prime auto loans and leases and provides credit information to CRAs via monthly data files, according to the CFPB

Manufacturing 142

Manufacturing accountant Account accounted 142

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

financial statements

PYMNTS

DECEMBER 18, 2020

The U.S. Treasury Department proposed sweeping new rules late Friday (Dec. 18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effect

Government 141

Government accounting and finance Finance accountant 141

PYMNTS

DECEMBER 8, 2020

It was only a few short years ago that the conventional wisdom was that millennials were shaping up to be slower entering the homebuying market than their Gen X siblings and baby boomer parents. The theory most famously put forth by the Washington Post’s Catherine Rampell is that millennials were scared by the mortgage market meltdown that triggered the Great Recession in 2008, preferred to live in cities and were unwilling to tie themselves to a single location the way previous generations had

Washington 141

Washington Start-ups Manufacturing Real Estate 141

PYMNTS

DECEMBER 27, 2020

The highly competitive streaming-audio industry could be starting the New Year with some consolidation, a new report suggests. Jack Dorsey — the billionaire CEO of Square and Twitter — is said to be interested in buying TIDAL , the audio service owned by billionaire music legend Jay-Z. Unnamed sources told Bloomberg that the outspoken Dorsey has been seen with Jay-Z and his singer-wife Beyonce recently, and is reportedly interested in adding a music feature to payment platform Square’s growin

New York 139

New York 139

PYMNTS

DECEMBER 14, 2020

The 2020 holiday shopping season is picking up, and consumers are heading online or to reopened brick-and-mortar stores to shop and pay for gifts. They are using everything from cash to mobile wallets to complete these transactions, requiring retailers to race to accommodate a wide variety of payment methods. Supporting a host of simple and frictionless payment options is often a complicated endeavor from the retailer’s perspective, said Keala Gaines , vice president of global payment services f

Retail 139

Retail Government Sales 139

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Sales

PYMNTS

DECEMBER 16, 2020

Bitcoin continued its ongoing surge in price Wednesday (Dec. 16), heading above the $20,000 mark for the first time ever — eclipsing its previous record high set in 2017. The price of a bitcoin traded higher by 5.6 percent, hitting around $20,600. CNBC reported that the surge was fueled by cryptocurrency fans along with a big boost from big-name investors such as Paul Tudor Jones and Stanley Druckenmiller.

Retail 137

Retail 137

PYMNTS

DECEMBER 15, 2020

GoDaddy has agreed to acquire Poynt , which lets businesses sell and accept payments anywhere through its suite of products, according to a press release. GoDaddy plans to pay $320 million in cash at closing, along with $45 million in deferred cash payments subject to various performance and employment standards in the next three years, the release stated.

Technology 135

Technology Retail 135

PYMNTS

DECEMBER 9, 2020

In payments, speed is everything. So, it’s no surprise that in a fireside chat with PYMNTS Karen Webster, Visa ’s Alan Koenigsberg , global head of new payment flows at Visa Business Solutions; and Tim Summers , vice president of Visa Direct global segments and market development, said B2B payments between buyers and suppliers are poised to pick up speed as they travel round the globe.

B2B 134

B2B payroll accountant Account 134

PYMNTS

DECEMBER 13, 2020

Point-of-sale (POS) lender Affirm is putting on hold its initial public offering (IPO), which had been scheduled for this month, The Wall Street Journal reported, citing unnamed sources. WSJ did not give a definitive reason for the delay in Affirm Holding Inc.'s plans but suggested it may be for the same reason video game-maker Roblox also put off an imminent IPO: fear of missing out at the corporate level.

Gaming 134

Gaming Sales Technology 134

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PYMNTS

DECEMBER 18, 2020

Digital trust-and-safety company Sift said that 2020 has been a “banner year” for online shopping sales, but that scammers have modified their approaches to take advantage of the boom, according to an announcement. The company said that malicious actors are moving away from the usual “spray and pray” strategy that entails conducting dozens or hundreds of lower-value transactions with stolen payment data, and are instead making fewer and larger attacks.

Retail 133

Retail Sales accountant Account 133

PYMNTS

DECEMBER 21, 2020

Apple is advancing its self-driving car project, according to a Reuters report, and will look at debuting a new product by 2024 that could also come with new battery technology. Project Titan, the Apple automotive effort, has been working on a self-driving vehicle sporadically since 2014, working from scratch. Apple hasn't always kept up with it, sometimes drawing back to focus more on the software the company is known for, Reuters reported.

Technology 132

Technology Manufacturing 132

PYMNTS

DECEMBER 25, 2020

’Twas Christmas with COVID, We were all stuck at home. Can’t go out, it’s not safe, We’re advised not to roam. The holiday Zoom calls have been scheduled with care, To talk to the relatives who cannot be there. . The children are nestled asleep in their beds, As visions of PS5s dance in their heads. Ma on her mobile and me on the tablet, Spent Christmas Eve cementing our new digital-first habits. .

Gaming 132

Gaming Maine B2B Retail 132

PYMNTS

DECEMBER 17, 2020

Although the digital shift brought on by the pandemic has rapidly reshaped the entire retail industry, its impact on the grocery segment in particular has been especially pronounced. In fact, according to a new Omnichannel Grocery Report from ACI Worldwide and PYMNTS, 17.2 percent of all consumers have switched from in-store to online shopping. Ordering for home delivery has become particularly popular, as 23 percent of U.S. consumers — 57 million people — say they are ordering more groceries on

Retail 132

Retail Sales Technology 132

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

PYMNTS

DECEMBER 22, 2020

Amazon is postponing its logistics fee increase to help accommodate businesses affected by the pandemic, a company letter from Amazon Worldwide Consumer CEO Jeff Wilke stated. Wilke wrote that the eCommerce giant will continue to take on the extra costs without increasing fees until June 1, 2021. "We are doing this because we want to provide stability and support for you during what will likely remain a challenging winter as vaccine distribution gets underway," Wilke said in the letter.

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PYMNTS

DECEMBER 16, 2020

With eCommerce volume way up for the holiday shopping season, we knew it was going to be a tricky year for gift shipping. The reports of potential delays and earlier-than-average shipping windows for Christmas delivery rolled in right on time in early December. UPS imposed shipping restrictions on some large retailers such as Gap, Nike, L.L. Bean Inc., Hot Topic Inc., Newegg Inc. and Macy’s as the shipping giant struggled with unprecedented demand from the pandemic-driven eCommerce surge.

North Carolina 131

North Carolina Arkansas Louisiana Virginia 131

PYMNTS

DECEMBER 29, 2020

Amazon is reporting a record-breaking holiday shopping season that saw more than 1.5 billion toys, electronics and household goods delivered amid the global COVID-19 pandemic. “Amazonians around the world have truly shown what it means to be customer-centric and support our communities this year,” Jeff Wilke , CEO of worldwide consumer at Amazon, said in a press release on Tuesday (Dec. 29). .

Healthcare 130

Healthcare Gaming Sales Retail 130

PYMNTS

DECEMBER 30, 2020

A lawsuit filed by the Securities and Exchange Commission (SEC) against digital payments firm Ripple is heading to virtual court on Feb. 22, according to legal documents filed in the U.S. District Court of the Southern District of New York. Legal counsel for those named in the suit — Ripple Labs, CEO Bradley Garlinghouse and Executive Chairman and Co-founder Christian Larsen — were called to appear in an online pretrial conference with Judge Analisa Torres. .

Legal 130

Legal New York Government Retail 130

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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.