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Like past years, the IRS released changes to the income tax withholding tables for 2020. In addition to new wage brackets, there are significant changes to how employers will handle tax withholding. These changes are in response to the Tax Cuts and Jobs Act of 2017. When you have employees, you need to stay on […]. The post Updates to the Income Tax Withholding Tables and What You Need to Know appeared first on Patriot Software.
In financial services, demand for ease of use and security are sky-high, even for business customers. But for many service providers, achieving one can often mean compromising the other. Payments and financial service providers are facing an even greater challenge in balancing these two capabilities in the age of open banking and cloud migrations, with more opportunities than ever before for sensitive company and customer data to be compromised.
U.S. News & World Report just completed their rankings of the best jobs across 17 categories and the veterinarians did well. Below are the highlights: 100 Best Jobs –Veterinarians were ranked #10 in the U.S. News and World Report analysis. They ranked 100 of the best jobs and the veterinary industry performed well. Visit the U.S. News & World Report analysis for more detail.
U.S. News & World Report just completed their rankings of the best jobs across 17 categories and the oral health category excelled. Below are the highlights: 100 Best Jobs – Dentists were ranked #2. Orthodontists were ranked #4. Oral and Maxillofacial Surgeon were ranked #9. Best Paying Jobs – Oral and Maxillofacial Surgeons were ranked #3.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
The mPOS landscape got more interesting today (Jan. 12), as Samsung has unveiled its Galaxy XCover Pro, an enterprise-grade smartphone that comes pre-installed with Visa’s Tap to Phone app. Tap to Phone enables sellers with Android phones to accept contactless payments without the need for additional devices or peripherals. The evolution of commerce comes down to a single but powerful word: acceptance.
As an employer, you’re responsible for withholding taxes from your employees’ wages and reporting the amount to the government. And in order for employees to file their individual tax returns, you need to show them how much you withheld during the year. So, how do you do that? You need Form W-2. Ready to get […]. The post With This Guide, You’ll Be Reading and Understanding Form W-2 Like a Pro appeared first on Patriot Software.
As an employer, you’re responsible for withholding taxes from your employees’ wages and reporting the amount to the government. And in order for employees to file their individual tax returns, you need to show them how much you withheld during the year. So, how do you do that? You need Form W-2. Ready to get […]. The post With This Guide, You’ll Be Reading and Understanding Form W-2 Like a Pro appeared first on Patriot Software.
It was a difficult week for businesses getting hit with cyberattacks, with foreign currency company Travelex among the most high-profile of recent cases. The currency exchange company continues in the grips of a ransomware attack that has crippled its operations, as well as the foreign currency operations of its corporate clients, including HSBC and Barclays.
As 2020 gets into full swing, artificial intelligence (AI) is in a peculiar position. It’s like that cool new kid everyone knows is coming to the party but has yet to show up. You can bet on its arrival during the 2020s though — at least according to the message sent as part of the latest PYMNTS Masterclass with Brighterion , an AI-focused company owned by Mastercard.
Canadian eCommerce platform Shopify is helping people start online businesses with an initial starter loan of $200, Forbes reported on Tuesday (Jan. 14). Loans will be offered through Shopify Capital , giving new merchants $200 when they join Shopify and link a bank account. . “For the immigrant who is new in the country, the student in the college dorm and the mom who has been out of work for awhile the starter loan makes it a little bit easier,” said Kaz Nejatian, vice president and general
A New York City-appointed panel is seeking a $500 million bailout to help taxi drivers trapped in unscrupulous medallion loans, The New York Times reported on Wednesday (Jan. 15). A group is asking for the creation of a new public-private partnership to take over the debt that the drivers took on to buy medallions — city-issued permits that are required to own cabs. .
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
DoorDash has overtaken GrubHub as the No. 1 food delivery service in the U.S., according to a report by CNBC. The data comes from analytics firm Second Measure. DoorDash got 33 percent of all food delivery sales in the U.S. in 2019. GrubHub, which used to be No. 1, captured 32 percent of the market. Uber Eats captured 20 percent, and Postmates got 10 percent.
For tokenized payments, $1 trillion and counting. Visa said on Tuesday (Jan. 14) that participants in its Visa Token Service have processed eCommerce volumes of $1 trillion since the service’s debut in 2014, and that its transition of Visa Checkout merchants to click-to-pay will begin on Jan. 21 in the U.S. The click-to-pay option will replace Visa Checkout, the company said.
B2B invoicing and payments firm Crowdz has announced a new pilot aimed at connecting businesses to crowdfunding services to finance their unpaid invoices. In a press release sent to PYMNTS Thursday (Jan. 16), Crowdz announced it is rolling out what it claims to be the world’s first invoice financing marketplace, InvoiceXchange, in pilot phase. The platform will enable businesses to auction off their invoices to receive invoice financing, a tool Crowdz said aims to address the pain point of late
Brazil’s unicorn FinTech and payments startup EBANX is trialing a digital wallet, called Ebanx Go, with 10,000 consumers on a test basis, the company announced on Wednesday (Jan. 15). The digital wallet offering is intended to solidify the FinTech’s reach in the Brazilian payments market. “Providing access has always been the great mission of EBANX.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Things move fast – perhaps too quickly at times – in payments and commerce. A fresh sign of that is how much focus is turning toward the emerging consumer group known as Generation Z. Gen Z is growing up. The oldest members of the generation born between the mid-90s and the mid-2010s (specific year ranges vary depending on who is supplying the figures) are graduating from college, getting their first jobs and starting to form relationships with credit products.
When The Clearing House launched its Real-Time Payments (RTP) network in 2017, the service was bound to rewrite some rules, and it has. More than two-thirds of executives surveyed for the January 2020 Making Real-Time Payments a Reality : Rising Demand for Real-Time Payments report from PYMNTS and Mastercard say they’re “very” to “extremely” aware of RTP, and over 85 percent report that they are now implementing RTP, or plan to, over the next three years.
Accounts payable (AP) automation technology has hit the ground running, with solutions designed to accelerate invoice processing, optimize payment strategies and promote digital adoption. Yet, with AP solution providers enticed by the high payment volumes and values of the B2B arena, emerging solutions can sometimes be too large for the mom-and-pop shop on Main Street.
Millennials have long been sought-after travel and hospitality customers, partly because they are perfectly placed to seek such experiences. They are old enough to have disposable income, but young enough that they can travel without major health and wellness risks. This unique status creates both opportunities and challenges for firms in the space, as millennials search for the experiences they crave.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Open-air shopping centers – also called strip malls or strip centers – are replacing malls as retail juggernauts, offering necessities like grocery stores, hair salons and dentists, The Wall Street Journal reported on Tuesday (Jan.14). Predating malls, the outdoor centers offer merchandise and services that keep people coming back several times a week.
Foot traffic is flat as digital dominates top-line growth. Purchases are shifting from individual brands to marketplaces. Mobile influences the purchasing and ordering process, regardless of whether the product is ultimately delivered or picked up in-store. Scale economies help big players, and brand affinity helps hyperlocal players compete – while brands in the oversaturated middle struggle to differentiate.
JPMorgan Chase said the launch of CME Group options is building and there is the anticipation of institutional interest in Bitcoin-related contracts. Bakkt , a consortium that includes Intercontinental Exchange, the New York Stock Exchange parent, started giving options last month, according to strategists led by Nikolaos Panigirtzoglou. “There has been a steep increase in the activity of the underlying CME futures contract” over the past few days, Panigirtzoglou wrote, noting that open interest
More patents were filed in the U.S. in 2019 than ever before – 333,530 were granted, 15 percent more than in 2018, the global patent data platform IFI CLAIMS announced on Monday (Jan. 13). IBM was the leader in filings for the 27 th consecutive year with 9,262, a 2 percent increase over 2018. Samsung ranked second with 6,469 patents, up 11 percent. Canon came in at No. 3 with 35,724 filings, Microsoft ranked fourth with 3,081 and Intel was fifth with 3,020.
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
Artificial intelligence (AI) is moving from cool concept toward everyday consumer reality, and signs of that innovation are increasingly appearing in the retail space. Take the issue of retail security as one example. As the new PYMNTS Merchant Fraud Decisioning Playbook shows, fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use.
Wells Fargo is striving to revamp its approach to technology to ensure systems stay online, satisfy regulators and block cybercriminals, the Wall Street Journal (WSJ) reported on Saturday (Jan. 11). Following the 2016 incident of bogus accounts, regulators have been watching the bank closely and have handed down edicts that Wells Fargo has had trouble meeting due to obsolete methods and resources, past and current personnel told the WSJ.
Fitness and wellness are helping to change the face of retail in 2020. Consumers are creatures of habit — but those habits can be complex. And, of course, habits vary according to factors like geography, age and even fitness level. Businesses that can tap into those habits can often tap into a gold mine — but doing so can be much harder than it may seem, even for the smartest and most data-driven of entrepreneurs.
Uber will cease operating in Colombia at the end of the month, the company said in a statement. The decision — the latest blow to the rideshare company — comes after protests from Colombian taxi drivers that Uber was breaking the rules of the country’s taxi market. According to a lawsuit from the opposition company, Uber had an unfair advantage over other taxis because it did not have to pay the same regulatory fees that other taxis were subject to.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
China is finalizing its first rules for online-only banks, striving to reduce financial jeopardy and lure pivotal participants, Reuters reported on Monday (Jan. 13), citing three sources. The new rules would also cover foreign financial institutions already doing business in China — Citigroup, HSBC and Standard Chartered — and empower them to establish independent online banks, two sources told Reuters.
A good scented candle can be harder to find that the near ubiquitous availability of scented candles would indicate at first glance. There is no shortage of places to buy scented candles — there are whole stores dedicated to selling them in shopping centers nationwide, and they are a nearly constant offering among the impulse buys made available at most checkout stands. .
Healthcare providers must frequently wait to get paid by insurance company partners for the patient treatments they have already administered. Some private practice physicians even report weeks or months going by before they see insurance reimbursements. These delays can cause major challenges for providers’ cash flows, as practitioners must continue to handle their own expenses even when revenue is slow to arrive.
As Uber, Lyft and other ridesharing companies continue to prosper, California is seeing a reckoning with the question of their need for regular taxis. To fight back against the dominance of ridesharing apps, the City of Los Angeles is enacting sweeping changes to its taxi system. The change has been a long time coming. Taxis aren’t as appealing to younger people, and have been seeing a cannibalizing of their revenues in Los Angeles, where drivers are petitioning for changes to the Los Angeles Ai
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
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