Sat.Mar 21, 2020 - Fri.Mar 27, 2020

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$2.2 Trillion Coronavirus Economic Stimulus and Relief Legislation Enacted; Rebate Checks May Be Larger Than You Think

MarkFriedlich

Wolters Kluwer experts analyze potential tax implications Today, the US Congress passed its third and by far the largest piece of legislation in response to the Coronavirus COVID-19 pandemic, and the President has signed it into law. The “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) includes relief and economic stimulus for individuals and […].

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Syncing online scheduling with video conferencing

BuildYourFirm

Syncing online scheduling with video conferencing keeps you in touch with your clients while adhering to Coronavirus safety measures. As the coronavirus precautions and mandates continue, more people are working from home than ever before. Offering an online electronic scheduling tool provides time-saving benefits for both your staff and clients. It not only lets your clients schedule an appointment with you when it’s convenient for them, it saves your employees time scheduling meetings or going

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How 5G Rollouts May Get Boost from COVID-19

PYMNTS

The way we live — the very ways in which we work, and learn, and spend leisure time, and of course, shop — have shifted markedly over the last several weeks. In the maelstrom of daily life grappling with COVID-19, the rollout of 5G , the fifth-generation network that features downloading speeds reportedly 100 times faster than that of 4G, may accelerate even as economic headwinds gather.

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COVID-19 Banking Terms Changing for Veterinarians – Pet Hospitals

VetCPA

The terms for banking are rapidly changing and will continue to evolve. Below are the new terms that have been established by lendor. For more up to date information, contact us and we will put a VET CPA in touch with you pronto. Due to the recent development of COVID-19, the terms for loans is rapidly changing: Bank. Terms. Affinity Bank. 1 day turn around on Lines of Credit (if existing customer) and 3 months deferred payments.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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State Departments of Revenue Close Physical Locations, Encourage Online Services

MarkFriedlich

How to Contact State Departments of Revenue In an effort to keep tax and accounting professionals abreast of rapidly evolving changes in the tax landscape during the COVID-19 pandemic, we have added a summary of State Departments of Revenue hours and contact methods to the Wolters Kluwer COVID-19 Resources for Tax & Accounting Professionals resource page under Government & […].

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Introducing Video Conferencing to Your Clients in the Midst of the Coronavirus

BuildYourFirm

With the spread of the Coronavirus around the world and now in our country, companies are being. asked to carry out their business remotely to protect their clients and staff. Continuing to hold in-person. office meetings with your clients is unnecessary and unsafe and can easily be avoided by implementing. video conference platforms such as Zoom, Google Hangouts, and GoToMeeting.

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$2T Relief Program – COVID-19 – Coronavirus

VetCPA

A major deal was struck by the White house and Senate leaders on March 25 for a $2 trillion package that will provide relief to the economy in the midst of the coronavirus pandemic. It is the biggest relief package in American history. Senator Mitch McConnell called it as “a wartime level of investment into our nation” as the United States continues to see a rise in the number of coronavirus cases.

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$2 Trillion Relief Package – Coronavirus – COVID-19

DentalAccounting

A major deal was struck by the White house and Senate leaders on March 25 for a $2 trillion package that will provide relief to the economy in the midst of the coronavirus pandemic. It is the biggest relief package in American history. Senator Mitch McConnell called it as “a wartime level of investment into our nation” as the United States continues to see a rise in the number of coronavirus cases.

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Senate reaches $2 trillion relief package to help jolt economy during coronavirus pandemic

BuildYourFirm

A major deal was struck by the White house and Senate leaders on March 25 for a $2 trillion package that will provide relief to the economy in the midst of the coronavirus pandemic. It is the biggest relief package in American history. Senator Mitch McConnell called it as “a wartime level of investment into our nation” as the United States continues to see a rise in the number of coronavirus cases.

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World Health Organization Target Of Hack

PYMNTS

A hacking organization tried to breach the World Health Organization (WHO) recently, according to a report by Reuters. WHO Chief Information Security Officer Flavio Aggio said the identity of the hacking group isn’t known, and cyberattacks against the organization have increased exponentially during the coronavirus crisis. The hack was discovered by Alexander Urbelis, a cybersecurity expert and lawyer who looks for suspicious internet activity.

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Fall In Love With the Month-End Close

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.

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Coronavirus Loan Assistance – Veterinary Practices – Pet Hospitals

VetCPA

The VET CPA Association, and it’s Veterinary CPA member firms, have launched a Small Business Loan Assistance service to support the following types of veterinary practices: Veterinary Clinics. Pet Hospitals – Animal Hospitals. Mixed Animal Veterinary Practices. Specialty Veterinary Practices. This emergency loan assistance program is designed to provide veterinary practices with sound financial guidance in this emergency situation navigating federal, state and city specific programs, gran

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Dental Industry Loan Terms – Lendeavor

DentalAccounting

As a result of the current pandemic, most dental specific loan providers have quickly responded. Below are some details that we have recently received from Lendeavor on how they have responded. Current Dental Clients of Lendeavor. Current clients of Lendeavor were all contacted last week directly with the opportunity to accept deferred payments to their current loans to ease the burden to their cash-flow as they navigate this event.

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Building CPA Practice From Scratch: Luke Gheen

BuildYourFirm

Would you leave a safe and comfortable controller position at a large company to start your own CPA firm? That’s what Luke Gheen, founder of Gheen & Co. in Colorado Springs, did – in his early 30s and without any public accounting experience. In this episode of Accounting Marketing Doesn’t Suck , Hugh Duffy talks with Luke about his decision to strike out on his own, the challenges he faced and how he landed many of his clients because of unsatisfactory service.

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How COVID-19 Has Changed The Residential Cleaning Business

PYMNTS

Cleanliness is on everyone’s minds these days, particularly as so many of us are working from home, learning from home, or quarantined at home as COVID-19, the disease caused by the coronavirus , continues to wend its way through the U.S. In an interview with Karen Webster, Ron Holt, founder of Two Maids and a Mop , a house cleaning franchise service operating nationwide, said the short-term headwinds of economic and healthcare crises are considerable, but the long-term picture is bright.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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Veterinary Ventilators – Shipped to Hospitals – Combat COVID-19

VetCPA

The nation’s hospitals, facing dire shortages of lifesaving ventilators as the coronavirus outbreak continues, are finding help from an unlikely source: animal doctors and veterinarians. The country’s largest veterinary schools, animal hospitals and even zoos are offering up ventilators to hospitals that are scrambling to care for a growing number of critically ill coronavirus patients.

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Coronavirus Dental Practice Loan Assistance – COVID-19

DentalAccounting

The Dental Accounting Association, and it’s Dental CPA member firms, have launched a Small Business Loan Assistance service to support the following types of dental practices: General Dentistry. Pediatric Dentistry. Orthodontists. Oral Surgeons. Endodontists. Periodontists. Specialty Dental Practices. This emergency loan assistance program is designed to provide dental practices with sound financial guidance in this emergency situation navigating federal, state and city specific programs,

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Corona Virus COVID-19 IRS Tax Relief – Back Taxes Help

MyIRSRelief

For individual and business taxpayers facing hardship, back taxes, payment plans, installment agreements, offer in compromise, tax filings, tax levies, garnishments, liens, compliance and other IRS tax matters. IR-2020-59 on 03.25.2020. IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance programs. Continue reading ›.

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Fed Could Issue COVID-19 Crisis Money Via eWallets

PYMNTS

To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals” with payments. With passing of the draft legislation, legal adults would receive $2,000 and $1,000 would be provided for each child, Yahoo! Finance reported. . The bills are called the “Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act” and the “Take Responsibil

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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What Is My State Unemployment Tax Rate?

Patriot Software

Running payroll means staying on top of your employment tax responsibilities. In addition to withholding income and payroll taxes from employee wages, you must contribute employer taxes. Unlike some other taxes, state unemployment taxes do not have a standard rate. Read on to answer, What is my state unemployment tax rate? About state unemployment tax […].

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CARES Act Provides More Tax Relief

Katz,Sapper&Miller

Just before midnight on March 25, the Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The legislation, which would provide $2.2 trillion in economic relief to businesses and individuals affected by the COVID-19 pandemic, is now headed to the House for a vote.

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IRS Tax Relief: COVID – 19 Corona Virus

MyIRSRelief

Major tax relief included in COVID-19 stimulus act agreement (03-25-20). The Senate reached agreement on the Corona virus Aid, Relief, and Economic Security (CARES) Act stimulus bill last night, with a vote expected in the Senate today and a House vote today or tomorrow. It’s expected that the President will sign the bill. Key tax provisions include: Tax credit rebates of up to $1,200 per individual and $500 per child that are phased out for taxpayers with AGI over $75,000 ($150,000 MJF an

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Walmart Enacts No-Touch Protocols

PYMNTS

Walmart is enacting no-touch procedures so that customers can shop more safely during the coronavirus outbreak, according to a report by USA Today. Shoppers who buy items through Walmart Pay won’t have to touch the screen anymore, and instead will be able to scan a QR code and pay from an app on their phone. For pickup, customers can simply open their trunks and an employee will load the groceries in, and they won’t ask for a signature.

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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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Trump Signs $2 Trillion Bipartisan CARES Act

MarkFriedlich

President Donald Trump on March 27 signed the $2 trillion bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136). The House approved the historically large emergency relief measure by voice vote just hours before Trump’s signature. The CARES Act cleared the Senate unanimously on March 25. Wolters Kluwer Special Report CARES Act Tax […].

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Managing Cash Flow in Times of Uncertainty

Katz,Sapper&Miller

The unprecedented events in response to the COVID-19 pandemic are impacting every business in complex ways. Maintaining adequate cash flow to sustain successful operations is likely to elevate as a significant risk for many companies. However, there are tried-and-true processes that can help identify a potential cash crunch and maximize critical reaction time to avoid or minimize business interruption.

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Lyft Directs Drivers To Pursue Amazon Positions As Rides Decline

PYMNTS

While the coronavirus forces consumers to stay inside, Amazon is joining forces with Lyft to attract drivers for grocery and package deliveries. Lyft has directed its drivers to pursue Amazon positions as warehouse workers, delivery people or grocery shoppers “as a way to earn additional income right now,” Bloomberg reported. The message reportedly came as demand for trips is falling precipitously and drivers are encountering economic hardships.

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US House Wants Economic Stimulus Payments To Leverage eWallets

PYMNTS

To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals” with payments. With passing of the draft legislation, legal adults would receive $2,000 and $1,000 would be provided for each child, Yahoo! Finance reported. . The bills are called the “Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act” and the “Take Responsibil

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Profit in the Details: Rethinking Spend for Monumental Impact

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

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Getting Stimulus Funds To Those Who Need Them — Without The Paper Check

PYMNTS

The stimulus bill designed to combat the economic ravages of COVID-19 is massive. Getting that aid into the hands of affected families — wracked by swelling unemployment numbers, and of course, an ongoing healthcare crisis — will be slow going. If ever there was a time to kill the check, that time would be now. The $2 trillion economic stimulus bill is making its way through Congress, having been approved by the Senate and now up for consideration by the House.

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Fed Plans Release Of Clean Cash As Virus Spreads

PYMNTS

In the midst of the coronavirus pandemic, the Federal Reserve has plans to print new money that will not have come into contact with the virus, although this may not happen immediately, according to a report by CoinDesk. The Fed doesn’t currently think that the virus will be worsened by the transmission and trading-hands of dollars, Joey Lee, spokesperson for the Federal Reserve Bank of Philadelphia, said, pointing to recent Centers for Disease Control and Prevention (CDC) findings.

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Why Securing The IoT Is The Next Frontier For ISPs

PYMNTS

Indispensable but interchangeable. Such is the problem of modern ISPs – the telcos, cable companies and satellite providers. They provide the fundamental infrastructure that keeps the entire digital ecosystem running, but they are a utility service of sorts, and thus don’t have much to differentiate themselves beyond providing a consistent on-ramp to the digital world –and how much they charge for said access.

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Helping Small FIs Make Banking Services As Seamless As Taking An Uber

PYMNTS

In the age of digital commerce, legacy financial institutions (FIs) have ceded ground to tech-savvy upstarts. To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

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.