TaxConnex
SEPTEMBER 15, 2020
Sales tax is complicated. Many sales tax companies will tell you it’s simple with their solution, but when you take a look at all that goes in to compliance – you will understand that no technology can fully automate or manage sales tax without a good bit of project management from your side. In this blog , we’ll take a look at the 6 steps to compliance and some of the complexities that go with them.
PYMNTS
SEPTEMBER 13, 2020
Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. In a joint statement Friday (Sept. 11), the finance ministers of Germany, France, Italy, Spain and the Netherlands said they asked the executive branch of the European Union (EU), the agency responsible for managing the day-to-day business of the EU’s 27 nations, to
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BurklandAssociates
SEPTEMBER 14, 2020
As an angel investor, I’ve heard pitches from hundreds of start-ups. My investing track record is mixed. What angel investor’s track record isn’t? As a person at Burkland responsible for Read More. The post Can Financial Due Diligence Predict Start-up Success? appeared first on Burkland.
SkagitCountyTaxServices
SEPTEMBER 16, 2020
Here we are, with Q3 of 2020 in the rearview mirror, THANK GOODNESS. Only one more quarter left in this 2020 donkey — but it’s going to be an eventful one. I get asked a bunch by Skagit County clients and friends what I think the markets will do, and the only thing I can really say is “expect the unexpected” If that seems weaselly to you — well, it shouldn’t because the last six months, as we are all aware, have been pretty insanely unexpected.
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.
TaxConnex
SEPTEMBER 17, 2020
States are still reeling in sales tax deficits brought on by the economic downturn during the pandemic, but the addition of economic nexus has appeared to have somewhat alleviated the deficits. States are starting to see an increase in online sales tax collections as more and more people remain online for work and shopping. Michigan media reports that its state legislators made a good move at a good time regarding nexus and sales tax obligations: Gov.
PYMNTS
SEPTEMBER 14, 2020
Deloitte will be the first of the “Big Four” auditors to break up its business after selecting a new auditing board to undertake the task, according to a report from The Telegraph. The company, along with fellow Big Four members EY , KPMG and PwC , had been warned by watchdogs that their businesses needed to break off their profitable consultancy arms from audit divisions.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Patriot Software
SEPTEMBER 18, 2020
If you have nonexempt employees, you have to pay them overtime, or time and a half, for any hours worked over 40 during the workweek. Learn all about time and a half, who qualifies for overtime, and how to calculate it. What is time and a half pay? Again, when an employee works overtime hours, […] READ MORE.
SchoolofBookkeeping
SEPTEMBER 14, 2020
QuickBooks Desktop 2021 will soon be released. Here is a listing of the features you can see in this year’s release. We organized them by version of QuickBooks, the features are cumulative (each section includes the features listed above it). Read More. The post What’s New in QuickBooks Desktop 2021 appeared first on schoolofbookkeeping.com - Ignite Your Practice!
PYMNTS
SEPTEMBER 18, 2020
Online marketplaces are the digital storefronts helping small to mid-sized businesses survive — but adding real-time settlement into the mix can help them thrive. To that end, joint research between PYMNTS and Visa , in a study titled Marketplaces as Retail’s New Front Door , found that 60 percent of surveyed businesses that are not currently using online marketplaces would like to do so.
Katz,Sapper&Miller
SEPTEMBER 15, 2020
Katz, Sapper & Miller’s annual survey assessing the state of Indiana’s manufacturing industry is now underway. This year’s study is of particular importance as the manufacturing industry looks for strategies and tactics to survive the COVID-19 pandemic.
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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.
GrowthForceBlog
SEPTEMBER 18, 2020
Inventory management affects nearly every aspect of your business— but it especially affects your profits and cash flow. However, a lot of business owners aren't paying as much attention to these operational processes as they should be. There is an opportunity cost of not managing your inventory effectively and streamlining your business operations.
FusionCPA
SEPTEMBER 17, 2020
Are you finding yourself more and more frustrated with your accounting software? Growth is a good thing, but scaling comes with its own set of growing pains. One of those problems is making the transition from an SMB accounting platform , like Quickbooks , to an enterprise accounting platform , like NetSuite. Your business can find ways to make up for your current platform's lack of functionality for a little while, but in the end, these workarounds only create inefficiencies, add risk, and make
PYMNTS
SEPTEMBER 17, 2020
SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. 16) that its cross-border platform will be retooled to enable financial institutions to deliver instant transactions. Over the next two years, the Belgium-based cooperative said the initiative will provide transaction management services. The new approach promises to create new value-added services to support business growth.
LyfeAccounting
SEPTEMBER 15, 2020
As your business grows, you’re eventually going to be faced with a hard decision. And that decision is around pay. No, I’m not talking about paying your employees. So take a breather. This time it is about you. . You need to decide how you’re going to get paid, how, and when. But you’re probably wondering, what is the best salary for small business owners?
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.
FraudFiles
SEPTEMBER 17, 2020
Teddi Mellencamp Arroyave, one of the stars of reality series Real Housewives of Beverly Hills (RHOBH) has just been accused of running a scam with her diet and fitness program called All In By Teddi. The All in by Teddi diet scam (allegedly) is supposed to be an accountability diet program. You have a coach who monitors you throughout each day with text message check-ins, and you follow a diet and exercise program.
FusionCPA
SEPTEMBER 15, 2020
We discuss tips to optimize bookkeeping for SEO Consultants. It's possible to utilize SEO CPAs that specialize in SEO Company accounting. They can also help you automate financial statements, invoicing, and goal tracking with the right software applications. Together with someone that can manage business finances, software can cut the time it takes to maintain business bookkeeping to a minimum.
PYMNTS
SEPTEMBER 17, 2020
The Jacksonville Jaguars are now allowing QR-based mobile payments at retailers and concessions at the TIAA Bank Field Stadium through a mobile Jags Pay wallet in the official team app, according to a report from NFCW. Supporters have already been using the app to access tickets on game day to enter the stadium. Android and iOS mobile phone users can link credit or debit cards to the Jags Pay wallet through the Jags App, and make mobile payments at any of the points of sale at the stadium.
LyfeAccounting
SEPTEMBER 14, 2020
You can’t manage a small business without a budget. It’s impossible. I have clients that make 6-figures or 7-figures per year in sales, but have nothing left to pay themselves. For example, this is the P&L from one of my clients. They were making over a half million dollars in sales, and was operating at a steep operating loss. Within 6-months, we created a budget, held her accountable for it, and flipped that operating loss completely around.
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.
PYMNTS
SEPTEMBER 17, 2020
In the great digital shift, logistics firms are shifting, too. The ripple effects, of course, extend up and down the logistics and transportation chains, getting products where they need to go. As The Wall Street Journal reported, the rise of eCommerce giants is changing the way even the largest container firms are doing business. In one example, Rodolphe Saadé, chairman and CEO of the globe’s fourth-largest container firm, CMA CGM, said in an interview that “clients like Amazon and Walmart ar
PYMNTS
SEPTEMBER 17, 2020
Flywire will work with Mastercard to provide discounted foreign exchange rates on cross-border tuition payments for students, according to a press release emailed to PYMNTS. The offer will be available for any school around the world offering Flywire as a payment method for international tuition through the 2020 fall term for students from the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Kenya and Ghana, the release stated.
PYMNTS
SEPTEMBER 18, 2020
The conventional wisdom may hold that creative types — musicians among them — are not the savviest of business mavens. Anecdotes abound, of course, in the popular music industry of artists who had huge hits — and rarely saw much cash flow, as royalties were siphoned off by others, or simply never made it into the right accounts. Or accountants did not do much accounting.
PYMNTS
SEPTEMBER 16, 2020
Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. The Financial Times (FT) reported police acknowledged that in a scheme to avoid China’s tough financial regulations, thieves have targeted sites including Pinduoduo Inc., the Shanghai-based company that calls itself the world’s largest online platform.
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.
PYMNTS
SEPTEMBER 14, 2020
Standard Chartered has announced the completion of the first cross-bank Letter of Credit (LC) transaction over blockchain, between Vietnam and Thailand, according to a report from FinanceFeeds. The transaction was accomplished with the help of a partnership with Asian Development Bank (ADB), Bank for Investment and Development of Vietnam and Thailand's Standard Chartered Bank, according to the report.
PYMNTS
SEPTEMBER 15, 2020
Although they are vastly different beasts, shifts in the consumer payments ecosystem have significantly impacted the flow of B2B payments. Rising eCommerce volumes and an embrace of the direct-to-consumer (D2C) sales model has led merchants to shift their own payment strategies — and seek out banking providers that can address those changing needs. The drive to digitize B2B payments has organizations shifting their priorities in how they navigate the payments ecosystem as a whole — which, as Mon
PYMNTS
SEPTEMBER 17, 2020
“Pandenomics” may usher in a new age for mobile check capture and deposits. In an interview with Karen Webster, Mike Diamond , general manager of digital banking at Mitek , said it’s unlikely that customers will revert back to their branch-intensive, pre-pandemic banking behaviors. In fact, we might not go back to the bank in person at all unless we have to, say, sign and notarize a mortgage document or cash a (paper) cashier’s check.
PYMNTS
SEPTEMBER 16, 2020
To meet consumers where they want to bank — across mobile devices wherever they may be — financial institutions (FIs) must focus on re-tooling their core services in the digital age. To that end, in an interview with PYMNTS, Vincent Caldeira , chief technologist, Financial Services, APAC at Red Hat , said that moving to the digital age will require banks to renovate their suite of core banking functions (checking and savings, for example) by moving to the cloud — and to microservices in particul
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
PYMNTS
SEPTEMBER 13, 2020
Lloyds Bank has teamed with ConnectedFi in order to provide brokers with quicker asset finance credit decisions by using automation, according to Financial Reporter. Lloyds will now integrate its asset finance application programming interface (API) into the FinTech software company's asset finance customer relationship management (CRM) platform, which will give brokers using the CRM the option to submit finance proposals directly to the bank with a new level of speed, the report stated.
PYMNTS
SEPTEMBER 18, 2020
QR codes have become the star player on the digital payments stage in China and throughout Southeast Asia. Consumers and businesses are wholeheartedly embracing mobile wallets powered by QR codes as the best way to pay, pretty much no matter where they are – or who they are. In fact, QR tech is so ingrained in China that even panhandlers are no longer asking for spare change, but are asking passersby to scan QR codes to make donations.
PYMNTS
SEPTEMBER 18, 2020
It may have taken some time, but faster and real-time payments demand continues to grow in the corporate and B2B payments context. This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. SWIFT has revealed plans to develop new real-time rails, while VSoft is wielding traditional bank rails to facilitate its real-time payments capabilities.
PYMNTS
SEPTEMBER 15, 2020
To reshape the digital checkout experience for retailers and shoppers, Visa Canada has unveiled the extension of Click to Pay to Canada. The offering helps consumers make safe and fast purchases across different retailers and platforms, as a “digital-first explosion has ushered in the next generation of commerce,” according to a Tuesday (Sept. 15) announcement.
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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.
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