DentalAccounting
JANUARY 30, 2020
If you have kicked around the idea of starting your own dental practice and think you are ready, then this article is for you. To avoid many of the pitfalls and risk associated with starting a new business, here are some things that you should be asking yourself and considering. Self-Assessment. Choosing an Entry Strategy. Develop Business Plan. Start-Up Costs.
PYMNTS
JANUARY 27, 2020
Retail keeps embracing numerous new technologies, and biometrics is not only one of them, but an area of recent growth and development, including via some of the biggest names in commerce. Take Amazon, which continues to expand its brick-and-mortar retail footprint, and the technology underlying those stores. The company is apparently making a bet that the future of retail, and retail payments, will involve consumers’ hands.
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Patriot Software
JANUARY 29, 2020
When you hire new employees, you need to collect information to verify employment eligibility and run payroll. Federal Forms W-4 and I-9 are just the beginning when it comes to new employee forms. You may also need to collect state-specific forms, including your state’s W-4. What is the state W-4 form? What is a state […]. The post Don’t Forget to Collect State W-4 Forms from New Hires appeared first on Patriot Software.
Katz,Sapper&Miller
JANUARY 27, 2020
Another year has begun, and taxes are on the minds of many. But instead of thinking only about filing a tax return, what should buy here – pay here dealers be considering in 2020? Here are a few financial and operational issues to consider – as well as their tax implications.
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.
DMCL
JANUARY 31, 2020
We are excited to announce Fraser Ross, CPA, CA as the new DMCL Office Managing Partner, effective January 1st, 2020. Fraser has been a partner in our Private Enterprise group since 1999. He provides accounting, assurance, taxation and business advisory services to owner-managed businesses, not-for-profit organizations and individuals. Fraser also specializes in providing audit, review and compilation services for privately held enterprises, personal and corporate tax planning and compliance, an
PYMNTS
JANUARY 30, 2020
Self-driving vehicle company Aurora has been approved by California regulators to allow passengers rides in its fleet of driverless vehicles, according to reports. The California Public Utilities Commission ( CPUC ) granted the company an official authorization, showcased on the official Aurora website. “This permit lets us give rides powered by the Aurora Driver and shows that we’re committed to being good partners to California and the Commission,” an Aurora spokesperson said.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
JANUARY 27, 2020
Businesses have good reason to be concerned about data breaches. Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. Cybercriminals’ accomplishments come at the expense of targeted businesses, with a recent study finding that individual data breaches cost firms around the globe an average of $3.92 million in 2019 — a 1.5 percent increase from 2018.
PYMNTS
JANUARY 26, 2020
Latin America-based AlphaCredit has signed up for a funding round to raise $125 million, led by SoftBank’s Latin America fund. AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. It provides credit lines to individuals and has usually worked in communities without much access to banks. In Mexico and Colombia, it has loaned more than $1 billion total to various clients.
PYMNTS
JANUARY 30, 2020
Farfetch, a luxury technology platform, has raised $250 million from Tencent and Dragoneer through the sale of convertible senior notes, according to a release. Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco. Each company will purchase $125 million of the notes. “I am pleased to have Tencent and Dragoneer as part of the Farfetch investor base.
PYMNTS
JANUARY 27, 2020
Here’s a truth about human beings: We’ll collect — and resell and profit from — just about anything. And the latest big trend in collectibles combines what amounts to a hat-tip to essentially ancient digital culture with up-to-date eCommerce. It seems that old-fashioned video games are that hot new item, assuming they are in pristine condition and come in factory packaging, according to a new report in The New York Times.
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.
PYMNTS
JANUARY 26, 2020
Supermarket pharmacy counters are closing across the U.S. as they struggle to keep customers coming back. The move, happening in states as varied as Washington, Minnesota and everywhere in between, comes as customers have been making fewer trips to visit pharmacy counters while doing grocery shopping. Also, the large hand of big pharmaceutical companies has had an influence.
PYMNTS
JANUARY 27, 2020
Less than 20 years ago, freelancers were still a workforce oddity. They came and went kind of invisibly, taking on overflow work from full-time staffers, floating between different companies and assignments. Even taxi driving was a full-time profession, back when freelancers were rare. Skip ahead to the present-day gig economy , chiefly a byproduct of the Great Recession, when firms shed workers in the millions and whole industries contracted or vanished.
PYMNTS
JANUARY 27, 2020
The new year has not been kind to retail stores around the country, as the trend of accelerating store closings continues, according to a report by Yahoo! Finance. Macy’s, JCPenney, Papyrus, Express and Pier 1 Imports, among other retailers, have reported 1,218 closings this year already, according to data from global marketing research firm Coresight Research.
PYMNTS
JANUARY 27, 2020
Commerce Bank will strive to provide timely and convenient payments with its new partnership with Progressive Insurance in what they tout as a “truly strategic combination.” According to an emailed press release, the new program will be called CommercePayments PreferPay. It will focus on providing customers, claimants and service providers with numerous options on how to pay, including ACH, check, or direct-to-debit card via Visa Direct.
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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.
PYMNTS
JANUARY 30, 2020
PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active usership and total payments volume processed. However, despite a solid holiday quarter, the digital payments giant found stock trading concerns about its Q1 forecasts. Chief Financial Officer John Rainey commented that there are some concerns about economic uncertainty to warrant caution, despite trends currently remaining strong.
PYMNTS
JANUARY 26, 2020
The EU is looking to adopt new antitrust rules that will aim to give European companies more leeway in the market. The new rules, described by Reuters as protectionist, will be unveiled in March. Documents obtained by Reuters show that the EU wants to adopt a strategy of utilizing more aggressive trade defense instruments against companies thought to be unfairly benefiting from foreign subsidies.
PYMNTS
JANUARY 30, 2020
A breach of India’s SpiceJet, one of the country’s biggest independent airlines, exposed the data of more than a million passengers, per a report on Thursday (Jan. 30), citing a security researcher. The cyberattack exposed records that included passengers’ names, contact information and birthdates, the researcher told the news outlet. Some of the affected customers were said to be authorities.
PYMNTS
JANUARY 30, 2020
Cloud technology has lost some of its mystique in recent years, and consumers’ improved understanding has led to a boost in demand. The cloud computing services market was expected to see 17.2 percent growth and reach a global value of $200 billion by the end of 2019. The final figures have yet to be tallied, but it is clear such tools and software are viewed as essential to quickly transferring data.
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
PYMNTS
JANUARY 28, 2020
When it comes to payment rail innovation, transaction speed is often the catalyst driving change. This week’s examination of the latest innovation initiatives finds this to be true both for innovators exploring ways to improve existing rails — like ACH — as well as those that have embraced the development of entirely new rails, including real-time payments (RTP) and blockchain-powered transactions.
PYMNTS
JANUARY 27, 2020
In the paycheck-to-paycheck economy, estimates vary slightly. Some analysts have reported that roughly 65 percent of all U.S. workers now live paycheck to paycheck, and a large fraction of those workers struggle to pay their bills. A PYMNTS study, done in collaboration with Mastercard, found that nearly 30 percent of gig workers — currently more than one-third of the U.S. workforce — live paycheck to paycheck, and have no savings to cover unforeseen expenses in the event of an emergency.
PYMNTS
JANUARY 29, 2020
Airbnb has hired Catherine Powell, a 15-year Disney veteran, to head up its Experiences division, the firm announced this week. She was hired ahead of the company’s expected initial public offering (IPO) coming up soon this year. The Experiences division handles things like tours and other activities, such as cooking classes for guests. The Experiences division was launched in 2016 as a way to expand into new services encompassing more of the travel industry.
PYMNTS
JANUARY 26, 2020
Businesses in China are bracing for the fallout from the coronavirus outbreak, causing both Disney and McDonald’s to shutter over the Lunar New Year holiday as fears grow over the deadly Wuhan-originated virus, according to multiple news outlets. Shanghai Disney Resort made the announcement on Friday (Jan. 24), stating the closure was “in response to the prevention and control of the disease outbreak.
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
PYMNTS
JANUARY 26, 2020
British banking unicorn Monzo is in talks with Japanese investment conglomerate SoftBank for financial assistance in its growth plans into the U.S. Monzo Co-founder Tom Blomfield sat down with senior officials from SoftBank’s Vision Fund, sources told The Telegraph on Sunday (Jan. 26). The digital bank is looking to raise around £100 million (nearly $ 130.6 million USD) in new funding.
PYMNTS
JANUARY 25, 2020
Dale Carnegie, America’s first self-help guru and author of “How To Win Friends & Influence People,” famously coined the phrase “when life gives you lemons, make lemonade” as a practical aphorism for dealing with adversity. But this week, the people of Florida have an unusual rejoinder. Lemons they know how to deal with – the state is the nation’s leading producer of citrus fruits and its third-leading producer of lemons (following California and Texas).
PYMNTS
JANUARY 27, 2020
The ex-wife of Amazon Founder and CEO Jeff Bezos, MacKenzie Bezos, has sold $400 million of her stake in Amazon, according to a report by CNBC. The move was reported on Friday (Jan. 24). The sale was filed under her husband’s name, as he owns sole voting control of her stake. MacKenzie’s stake is now 19.5 million shares, about 200,000 less than the 19.7 she got through the divorce.
PYMNTS
JANUARY 30, 2020
Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018.
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
JANUARY 27, 2020
To say that 2020 has already started off as a busy year for the Consumer Financial Protection Bureau (CFPB) might be an understatement. In the most recent news late last week, the CFPB said it would change the way it defines and addresses “ abusive ” practices within the financial services arena. In essence, the change means that the agency is limiting how it can pursue such practices, which fall under a standard known as “Unfair or Deceptive Acts or Practices” (UDAAP).
PYMNTS
JANUARY 30, 2020
Virtual credit cards are one of the more flexible electronic payment methods available, and the world continues its steady march toward greater digital payment use. These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space.
PYMNTS
JANUARY 27, 2020
The Business Email Compromise (BEC) continues to evolve. Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments activity. New analysis from Bank Info Security , for instance, revealed that BEC scammers have begun to target corporates’ financial documents from accounts receivable departments to identify unpaid invoices, as well as information regarding Days Sales Outstanding and clients.
PYMNTS
JANUARY 28, 2020
Russia’s biggest technology firm, Yandex NV, launched an online service that uses bike couriers to bring groceries to Moscow residents in 15 minutes, Bloomberg reported on Tuesday (Jan. 27). . The free service, called Lavka, stocks roughly 2,000 items and plans to operate as a digital convenience market for items like toothpaste and condoms. Yandex launched 20 years ago as a search engine Google with a variety of online services, including ride-hailing and restaurant deliveries.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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