E VERY NEW form of payment, from cheques to contactless cards, is heralded as the end of cash. Your friend, the one with the fat wad of banknotes, like an old-school bookmaker, knows different. Cash has unique attributes, he says. It leaves no trace so transactions stay private. It requires no fragile infrastructure to process payments. You can pay for groceries in a power cut or get a drink at the bar when the card machine fails. Cash is non-negotiable. It is why it is readily accepted.
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Open Banking Deepens SMB Accounting, Lending | PYMNTS.com
As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage.
This week’s exploration of the latest in bank-FinTech collaborations and data integrations finds an opportunity for accounting portals to drive customer loyalty through data connectivity, while lenders embrace strengthened risk mitigation by looping directly into borrower data. Plus, a major U.S. bank sets its data sharing rules for FinTech firms.
Association of International Certified Professional Accountants launches job board | Accounting
The Association of International Certified Professional Accountants has launched a new online career portal for accounting and finance professionals.
Dubbed the Global Career Hub, the board offers resources and services for applicants and employers alike. The Global Career Hub provides resources for all levels of professionals, from students looking for entry-level positions to senior CPAs.
Accounting firms honored as Fortune's 2020 "100 Best Companies to Work For" |
Accounting firms and related businesses have been honored as part of Fortune's 2020 "100 Best Companies to Work For" list.
Fortune's list was compiled using data from the annual Great Place to Work U.S. workforce study, which represented more than 4.1 million employees this year. Employees anonymously responded to more than 60 survey questions, which polled them on how their workplace helps them grow and build trust within their organizations.
Not to change the topic here:
San Antonio accounting firm sends employees out with money to give away | kens5.com
SAN ANTONIO — San Antonians became the beneficiaries of random acts of money because of an exercise in giving.
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Perkins is the Managing partner and CEO of San Antonio accounting firm Slattery Perkins Ramirez. He said their mantra is "growing family legacies."
Recently, the company expanded its charitable giving in a unique way. Perkins saw a produced video from Red Wagon properties on social media challenging its employees to give away $500 in a month.
AICPA recommends further guidance on compensation for nonprofit execs | Accounting Today
The American Institute of CPAs has asked the Internal Revenue Service for more guidance on a provision of the Tax Cuts and Jobs Act that imposes a 21 percent excise tax on tax-exempt organizations that pay over $1 million in compensation, or so-called "excess parachute payments," to top executives.
The 2017 tax law added Section 4960 to the Tax Code, which provides for a 21 percent excise tax on any remuneration paid (other than an excess parachute payment) by an applicable tax-exempt organization (ATEO) for a taxable year with respect to employment of any covered employee in excess of $1 million; plus any excess parachute payment paid by such organization to any covered employee, the AICPA noted in the comment letter it sent Wednesday to the IRS.
Hacking of Accounting Firm Affects Medical Group
An apparent ransomware attack on an accounting firm in December exposed the patient data of Community Care Physicians , a large upstate New York medical group, as well as other clients of the firm.
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"The data dump ... includes a complete list of BST's employees: names, addresses, Social Security numbers, dates of birth, phone numbers, pay rate, etc," Callow says. The data includes "everything someone would need to steal their identities."
Dean Emeritus Williams Named to National Accounting Hall of Fame | University of Arkansas
Doyle Z. Williams, dean emeritus of the Sam M. Walton College of Business at the University of Arkansas, will be inducted into The Accounting Hall of Fame in 2020.
He is among five new members to be inducted into the hall of fame in August during the American Accounting Association's annual meeting in Atlanta, Georgia.
Dean Williams was instrumental in securing the transformational $50 million gift to the college in 1998 from the Walton Family Charitable Support Foundation. At that time it was the largest upfront cash gift ever given to a public business college. Williams was hired from the University of Southern California in 1993 by the University of Arkansas and served as dean of the Walton College until 2005.
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