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Lost sales, expenses for cleaning, more time and money for employee protection and training are just some of the reasons for businesses to claim they now have to charge extra to pay for responding to the pandemic (aka, “COVID surcharges”). In many places and for many industries these charges have become commonplace. Dentists’ offices were among the first reopening to charge such fees, followed by hair salons and other businesses that necessitate personal contact.
Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. ABOUT. CONTACT. BOOK. Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time. by Bill Meador, CPA, JD. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Since I do not plan to sell this book through a publishing company, I need another way to market the book to the public.
As any business owner will tell you, there are simply not enough hours in the day, and life as a business owner can be described as ‘busy’ at best. If you’re running your own business, in Los Angeles, or Orange County, regardless of how large or small your company is, you simply must ensure that you have your books and accounts in order. The IRS doesn’t care about how busy you are, they don’t care about years of backed up bookkeeping, financial worries, or anything else, they simply care about y
Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). In a Wednesday (Sept. 9) news release, Mastercard said a recent survey revealed 80 percent of central banks are engaged in some form of CBDCs, while 40 percent have moved from research to experimenting with concept and design, according to by the Bank for International Settlements.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Los Angeles is still a hot market for VC backed ventures (Seed - Series C). Yes, COVID-19 has slowed down the growth of many companies, but surprisingly the Median Deal Read More. The post Founders, Los Angeles Was Still a Hot VC Market this Summer appeared first on Burkland.
The purchasing documentation and process helps keeps track of items to be charged but how does it all work?Who approves what money is spent in your company? What proof do you have that a purchase was approved? What project, if any, will this purchase be charged? Did you get the best value or price? These are very important questions whether a company has government contracts or not.
When the Covid-19 pandemic swept through the business landscape, how did your accounting department fare? For many, the reliance on paper and presence in brick and mortar offices created a crippling obstacle that distanced businesses from their financial data—at precisely the time they needed it most.
When the Covid-19 pandemic swept through the business landscape, how did your accounting department fare? For many, the reliance on paper and presence in brick and mortar offices created a crippling obstacle that distanced businesses from their financial data—at precisely the time they needed it most.
Despite the pandemic, venture capital dollars are flowing freely to nascent firms in Asia that are tackling the need for contactless interactions and platforms that match supply and demand — setting the stage for innovation on the other side of the public health crisis. In an interview With Karen Webster, Craig Dixon , general partner and CEO of Accelerating Asia , an independent startup accelerator based in Singapore, said helping startups scale and navigate the VC realm requires a focus on tel
The clarity and direction you derive from analyzing financial statements is powerful. The problem is, most small business owners struggle to make any sense out of these documents. Profit and loss statements, balance sheets, cash flow projections…oh my! It’s all so confusing—especially to the right-brained side of the entrepreneurial world that would rather do anything […].
The purchasing documentation and process helps keeps track of items to be charged but how does it all work?Who approves what money is spent in your company? What proof do you have that a purchase was approved? What project, if any, will this purchase be charged? Did you get the best value or price? These are very important questions whether a company has government contracts or not.
I have a few quick-hit things to cover today. The first of which relates to some timing issues. Labor Day is behind us (though many of my Skagit County business owner friends and clients don’t really take time off for that). (You can’t really take a vacation in the same way when you are where the buck stops. Because, well, you don’t want those bucks to stop for your family.
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.
Amazon put a new date on the calendar last week. No it’s not Prime Day. But it has told its sellers that “Black Friday” deals will start on Monday, Oct. 26, leaving the rest of the retail world to read the tea leaves on Amazon’s Q4 plans. According to Tamebay , an Amazon seller news site, Amazon Early Black Friday Deals will start and run through Nov. 19.
In today’s COVID-19 business environment, cyber threats have spread almost as rapidly as the virus itself – and manufacturing is uniquely susceptible. The industry has become increasingly digitized and data-driven, and the complexities of multi-organizational dependencies and data management in supply chains means that vulnerabilities are multiplying.
The words "digital nomad" may seem like something from a science-fiction novel to some, but for marketing agencies not so much. Many small businesses do not even have a brick-and-mortar office as all the employees work remotely. Simplify accounting for marketing agencies Of course, people run their business while traveling to locations closer to home when going on short trips.
September 10 — Employees who work for tips. If you received $20 or more in tips during August, report them to your employer. September 15 — Individuals. Make a payment of your 2020 estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040-ES. This is the third installment For more information.
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
The rise of the coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about cash management. JPMorgan ’s Head of Global Liquidity Product Solutions Specialists, Lori Schwartz , told PYMNTS in a recent Masterclass that the very nature of liquidity management is changing — and leading treasury management professionals to pivot to digitization and move from physical to virtual accounts.
Running payroll inside of QuickBooks or using a product that imports into QuickBooks is a very cost-effective way to pay your employees and be compliant. Integration reduces errors and saves time, easing your entries into your checkbook. All of the. Read More. The post Choosing the Right QuickBooks Payroll Service appeared first on schoolofbookkeeping.com - Ignite Your Practice!
As an owner of a construction company, managing various elements from the field is necessary, and Xero accounting for construction companies can help. Projects, people, and related activities keep you on the road. Managing the financial aspects of your business never stops. There is field services management software that can monitor cash flow, send invoices, and help with other financial aspects as you work in the field with your mobile device.
Regardless of the economic climate, tax planning is a valuable tool that all transportation companies should revisit each year. This is especially important during times of uncertainty, such as the current pandemic, to ensure that both short-range and long-term tax projections have been calculated and strategies forged. Troy Hogan, Director, Katz, Sapper & Miller shares best practices and actionable solutions for immediate use during McLeod Software’s virtual 2020 User Conference.
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.
The great digital shift in the quick-service restaurant (QSR) space shows no signs of stopping. To that end, Bloomberg reported that Chipotle Mexican Grill CEO Brian Niccol estimated the firm’s digital sales could be as much as $2.4 billion in 2020, leagues higher than the $1 billion seen in the previous year. And in a nod to the fact that mobile and online orders are here to stay, Niccol said sales digital sales could be as much as 40 percent to 50 percent of revenues, which Bloomberg noted wo
One of the challenges with QuickBooks Desktop is that QuickBooks needs access to various files and folders to be able to run properly. Often files will need to be updated from time to time, and if QuickBooks does not have. Read More. The post Setting QuickBooks to Run as Administrator appeared first on schoolofbookkeeping.com - Ignite Your Practice!
The nation’s banks are anxious about getting loans repaid that are secured against empty office buildings, hotels and malls. Disclosure of these so-called criticized loans, which are warning signs about a borrower’s ability to pay, revealed of the 10 banks that have seen the largest increases, criticized loans have risen by 62 percent in the second quarter (Q2).
Apple Pay users may soon be able to use a feature in the Wallet app to make payments by scanning a QR code. AppleInsider reports the new method would no longer require near field communication (NFC), the wireless data transfer that enables nearby devices to communicate without an internet connection. Since its launch, Apple Pay transactions at brick-and-mortar retailers relied on NFC and an iPhone near the payment terminal to make a contactless purchase.
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?
Warren Buffett has once again reduced his company’s investment in Wells Fargo & Co. , favoring Bank of America (BoA) instead. The Financial Times (FT) reported Berkshire Hathaway now owns 138 million shares in Wells Fargo, a 3.3 percent stake in the nation’s fourth largest U.S. bank, down from more than 8 percent last year. Last month , Berkshire reduced its Wells Fargo stake by 26 percent to 237.6 million shares, based on its second quarter report with the Securities and Exchange Commission
Outside of the pandemic — if there is such a thing as outside of the pandemic — two stories have been the most compelling in retailing so far this year. The first is the digital shift. The second is the rise of direct-to-consumer (DTC) brands. Last year, DTC online sales reached an impressive $14.28 billion , with that figure expected to grow more than 24 percent in 2020.
The year 2020 began inconspicuously — but in a few short weeks, everything changed. For businesses, the world market was thrown into volatility, yet soon, new opportunities emerged. In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business.
The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. The agency recently issued a request for proposals from anyone who can help track payments using the Monoro or Lightning protocols and similar approaches to hiding tracks.
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!
The American healthcare system is sick — a story told in a runaway cost structure, subpar patient outcomes, frustrated physicians and what Sesame CEO David Goldhill called during a conversation with Karen Webster “315 million miserable stories about healthcare.”. “Every single American has had some terrible thing that happened to them … usually because of confusion, complexity [or] lack of accountability,” he said.
The payments digitization push has ramped up for corporates in recent months, with growing corporate card adoption attributed to the pandemic, recent Mastercard data reveals. Yet it's not only the need to embrace electronic payments that is encouraging government agencies, small businesses and larger enterprises to embrace the payment tool. In this week's Commercial Card Innovation Tracker, PYMNTS rounds up the latest innovations that showcase how industry players are looking beyond the card its
The reCommerce business has met the sharing economy. That’s the oversimplified view of the business model adopted by Wardrobe , a new kind of peer-to-peer fashion rental company that on Tuesday (Sept. 8) is breaking out of its New York City beta test and into a nationwide launch. But before getting into the launch and exploring how the Wardrobe concept will be deployed, as well as potential comparisons to its competitors, it’s essential to understand its business model.
Bringing a brand directly to consumers over digital channels was an option to consider in the pre-pandemic world — but the question for brands today in our radically digitized world is not if, but when, according to sticky.io Chief Operating Officer Ro Bhatia. “What brands should be thinking about now is basically how to double down — triple down — on their direct-to-consumer offerings,” Bhatia told PYMNTS.
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.
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