Investment – Storm Field Services LLC http://stormfieldservicesllc.com/ Sun, 17 Oct 2021 10:15:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://stormfieldservicesllc.com/wp-content/uploads/2021/05/storm-field-services-llc-icon-1-150x150.png Investment – Storm Field Services LLC http://stormfieldservicesllc.com/ 32 32 Montgomery County Treasurer Announces PayPal as New Bill Payment Option https://stormfieldservicesllc.com/montgomery-county-treasurer-announces-paypal-as-new-bill-payment-option/ https://stormfieldservicesllc.com/montgomery-county-treasurer-announces-paypal-as-new-bill-payment-option/#respond Thu, 27 May 2021 22:26:06 +0000 https://stormfieldservicesllc.com/montgomery-county-treasurer-announces-paypal-as-new-bill-payment-option/

CRAWFORDSVILLE, Ind .– (COMMERCIAL THREAD) – Montgomery County Treasurer now accepts PayPal as a payment option for taxpayers. In addition to the ability to pay bills using PayPal, taxpayers can pay through Venmo and other PayPal options.

Montgomery County Treasurer Partners With Invoice Cloud, An EngageSmart Solution And A Provider Of Reliable And Secure Electronic Payments, To Provide Over 25,000 Taxpayers With Multiple Ways To View And Pay Their Bills Securely Electronically .

“Adding PayPal as a payment option gives our taxpayers more flexibility while allowing them to make payments securely and easily,” said Heather Laffoon, Montgomery County Treasurer. “Now more than ever, our taxpayers can benefit from the ability to pay in installments or at a later date.”

Taxpayers can now withdraw cash at more than 85,000 outlets nationwide and load money directly into their account with PayPal to pay their bills. Taxpayers simply bring cash to a participating retailer, generate a barcode from the PayPal app, and present the barcode at checkout. The cashier will scan the barcode and the money will automatically be loaded into the taxpayer’s PayPal account, allowing them to pay their bills directly online.

“Forward-thinking municipalities like the Montgomery County Treasurer are implementing modern online payment solutions to meet the needs of their taxpayers seeking digital transformation,” said Tom Griffin, President of Invoice Cloud. “Consumers want the added convenience of being able to pay their bills the same way they shop when they shop online. ”

Through Invoice Cloud, online payments by credit card or electronic check / bank draft to the Montgomery County Treasurer can be scheduled or made automatically on the due date of the invoice. Taxpayers have the option of going paperless, paying by text or phone, and / or signing up for AutoPay.

Taxpayers can sign up for paperless billing, sign up to pay online, and sign up for AutoPay at www.invoicecloud.com/montgomerycounty. Taxpayers can pay over the phone by dialing (855) 276-8051.

]]> https://stormfieldservicesllc.com/montgomery-county-treasurer-announces-paypal-as-new-bill-payment-option/feed/ 0 the first management center for CX agents working from home https://stormfieldservicesllc.com/the-first-management-center-for-cx-agents-working-from-home/ https://stormfieldservicesllc.com/the-first-management-center-for-cx-agents-working-from-home/#respond Thu, 27 May 2021 22:26:06 +0000 https://stormfieldservicesllc.com/the-first-management-center-for-cx-agents-working-from-home/

NEW YORK, May 26, 2021 / PRNewswire / – Atento SA (NYSE: ATTO), one of the top five providers of customer relationship and business process outsourcing (CRM / BPO) services in the world by revenue business, and leader in Latin America, announces the launch of its Virtual Hub, the first command center aimed at optimizing operations in telework models. In the first step and using cutting-edge technology, the hub will enable the management of more than eighty thousand Work-at-Home Agents (WAHAs) supporting businesses across multiple industries.

The Virtual Hub was designed to meet new customer demands as a complementary solution for the [email protected] Solution. This remote working model has enabled Atento to shift more than half of its workforce to telecommuting during the pandemic, ensuring business continuity in a flexible and agile manner. As a result, the remote model increased productivity to 75.3%, up 1.3 percentage points from January 2020, at the same time increasing the level of employee satisfaction.

“Atento Virtual Hub is another step we are taking in the transformation of CX. Our clients will now have a single, centralized point where they can manage all operations remotely from the team as a whole, from recruiting to agent training. to the development of the campaign, all under strict security protocols managed in an agile way with a global approach ”, said Carlos López-Abadía, CEO of Atento.

The solution, based on cloud technology, offers great flexibility, is not limited to a specific location and can be adapted to the operational needs of the customer in a minimum of time. In addition, any company, regardless of its sector, can have a hub directly connected with offices around the world, thus achieving global operational management.

Agent recruitment and hiring processes, for example, will be fully coordinated online from the virtual hub location using state-of-the-art technology and real-time operational management that includes supervision, tracking and the creation of reports for the various campaigns.

Safety first
Cyber ​​security has become a high priority for businesses, and even more critical with the remote working model, as data breaches due to cyber attacks can cause significant damage to businesses. This is one of the biggest concerns of corporate security officials, who see external attacks, malware, and accidental email information leaks as the top vulnerabilities to be hardened in any organization.

With this in mind, Atento’s virtual hub will have biometric recognition, two-factor authentication, secure connection via VPN, information security controls, among other protocols, to ensure data protection. . In addition to virtual security, the hub will offer high levels and physical security protocols such as facial recognition for entry and operational alarm screens.

Atento’s Virtual Hub was launched as a face-to-face and virtual corporate event, attended by managers and customers from several countries. In this case, the Company revealed that Mexico was chosen as the first country to offer this new management model.

About Atento
Atento is one of the world’s top five providers of customer relationship management and business process outsourcing (CRM / BPO) services and a leader in Latin America. Atento is also a leading provider of NEARshoring CRM / BPO services for companies operating in United States. Since 1999, the company has developed its economic model in 13 countries and is present in Spain and a workforce of 150,000 employees. Atento has more than 400 clients to whom it provides a wide range of CRM / BPO services through multiple channels. Its clients are leading multinational companies in sectors such as technology, new digital companies, telecommunications, finance, healthcare, consumer and public administration, among others. Atento shares trade under the symbol ATTO on the New York Stock Exchange. In 2019, Atento was recognized by Great Place to Work® as one of the 25 Best Multinationals to Work in the World and as one of the 25 Best Multinationals to Work for. Latin America. For more information www.atento.com

Forward-looking statements
This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as “may”, “should”, “expects”, “plans”, “plans”, “believes”, “estimates”, “predicts”, ” intends ”,“ continue ”or similar terminology. These statements only reflect Atento’s current expectations and are not guarantees of future performance or results. These statements are subject to risks and uncertainties which could cause actual results to differ materially from those contained in forward-looking statements. In particular, the COVID-19 pandemic and the extraordinary measures taken by governments to limit the spread of the virus are disrupting Atento’s global economy and industry, and therefore adversely affect the business, results of operations and the Company’s cash flow and, as conditions are recent, uncertain and rapidly changing, it is difficult to predict the full extent of the impact the pandemic will have. Risks and uncertainties include, but are not limited to, competition in Atento’s highly competitive industries; increases in the cost of voice and data services or significant interruptions to these services; Atento’s ability to keep pace with its customers’ needs for rapid technological change and system availability; the continued deployment and adoption of emerging technologies; loss, financial hardship or bankruptcy of key customers; the effects of global economic trends on the activities of Atento customers; the non-exclusive nature of Atento’s customer contracts and the absence of revenue commitments; breaches of the security and confidentiality of the systems Atento uses to protect personal data; the cost of current and future litigation; the cost of defending Atento against intellectual property infringement claims; extensive regulations affecting many of Atento’s activities; Atento’s ability to protect its proprietary information or technologies; interruptions in service to Atento’s data centers and operations; Atento’s ability to retain key personnel and attract a sufficient number of qualified employees; increases in labor costs and turnover rates; political, economic and other conditions in the countries where Atento operates; changes in exchange rates; the ability of Atento to complete future acquisitions and to integrate or achieve the objectives of its recent and future acquisitions; future impairments of our substantial goodwill, intangible assets or other long-lived assets; and Atento’s ability to collect trade receivables on behalf of its customers. In addition, Atento is subject to risks linked to its level of indebtedness. These risks include Atento’s ability to generate sufficient liquidity to service its debt and finance its other liquidity needs; the ability of Atento to comply with the covenants contained in its debt instruments; the ability to secure additional funding; the appearance of significant additional indebtedness by Atento and its subsidiaries; and the ability of Atento’s lenders to honor their loan commitments. Atento is also subject to other risk factors described in documents filed by the Company with the United States Securities and Exchange Commission. These forward-looking statements speak only as of the date on which the statements were made. Atento assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Atento SA

Related links

http://www.atento.com

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CVR Energy determines the stock ratio for the distribution of Delek https://stormfieldservicesllc.com/cvr-energy-determines-the-stock-ratio-for-the-distribution-of-delek/ https://stormfieldservicesllc.com/cvr-energy-determines-the-stock-ratio-for-the-distribution-of-delek/#respond Thu, 27 May 2021 22:26:06 +0000 https://stormfieldservicesllc.com/cvr-energy-determines-the-stock-ratio-for-the-distribution-of-delek/

SUGAR LAND, Texas, May 27, 2021 (GLOBE NEWSWIRE) – CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced the final ratio for the Share Distribution portion (defined below) from its previously announced special dividend of $ 492 million, which is payable in a combination of cash and common shares of Delek US Holdings, Inc. (“Delek”) held by the Company (the “Distribution of shares”). The special dividend will be paid on June 10, 2021 (the “Distribution Date”). Upon the distribution of shares, the Company will distribute 0.1048 common share of Delek for each common share of the Company outstanding at the close of business on May 26, 2021 (the “Record Date”). The final share payout ratio was calculated by dividing the 10,539,880 common shares of Delek to be distributed by 100,530,599 common shares of CVR Energy outstanding at the close of business on the record date. No fractional Delek common share will be distributed. Instead, shareholders will receive cash in lieu of any fractional Delek common stock that they would otherwise have received. The Company intends to announce the amount of cash per share of its common stock to which each of its shareholders will be entitled on the Distribution Date.

Shareholders should consult their tax advisers regarding the US federal, state, local and foreign tax consequences of the special dividend. The distribution of the common shares of Delek will be in book-entry form and no physical share certificates will be issued.

An information statement describing the special dividend will be included as an attachment to a current report on Form 8-K to be filed by the Company with the United States Securities and Exchange Commission (the “SEC”). No action is required from the shareholders of CVR Energy to receive the special dividend. CVR Energy shareholders do not need to pay any consideration, transfer or switch your CVR Energy common shares.

Additional information on the special dividend, including a copy of the disclosure statement, will be posted on CVR Energy’s website at https://cvrenergy.gcs-web.com.

Forward-looking statements and opinions

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding current estimates, expectations and projections regarding future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns or matters that are not historical facts are “forward-looking statements” as that term is defined under federal securities laws. These forward-looking statements include, without limitation, statements regarding the future issuance and payment of a special dividend in cash and / or Delek shares (if any), including the amount, timing, ratio , the process and its impact; and other questions. You can generally identify forward-looking statements by using forward-looking terminology such as “prospect”, “anticipate”, “believe”, “continue”, “might”, “estimate”, “expect”, “explore”, ” evaluate ”,“ intend ”,“ may ”,“ could ”,“). comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. Investors are cautioned that various factors may affect these forward-looking statements, including the health and economic effects of COVID-19, the rate of any economic improvement, demand for fossil fuels, price volatility of crude oil, other materials. raw and refined products (among others); the Company’s ability to pay cash dividends; the costs of complying with existing or new laws and regulations and the potential liabilities arising therefrom; and other risks. For more information on risk factors that may affect our results, please see risk factors and other information included in our most recent annual report on Form 10-K, all quarterly reports subsequently filed on Form 10- Q and our other documents filed with the SEC. These and other risks may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied herein. In view of these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. CVR Energy disclaims any intention or obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by law.

About CVR Energy, Inc.

Headquartered in Sugar Land, Texas, CVR Energy is a diversified holding company primarily engaged in the refining and marketing of petroleum through its stake in CVR Refining and in the manufacture of nitrogen fertilizers through its stake in CVR Partners, LP. The subsidiaries of CVR Energy serve as general partner and own 36% of the common shares of CVR Partners.

Investors and others should note that CVR Energy may announce material information using SEC filings, press releases, public conference calls, webcasts, and the Investor Relations page of its site. Web. CVR Energy may use these channels to disseminate important information about the Company and to communicate important information about the Company, company initiatives and other matters. The information that CVR Energy publishes on its website could be considered material; therefore, CVR Energy encourages investors, the media, its customers, business partners and others interested in the Company to consult the information published on its website.

For more information, please contact:

Investor Relations:
Richard roberts
CVR Energy, Inc.
(281) 207-3205
InvestorRelations@CVREnergy.com

Media Relations:
Brandee Stephens
CVR Energy, Inc.
(281) 207-3516
MediaRelations@CVREnergy.com

]]> https://stormfieldservicesllc.com/cvr-energy-determines-the-stock-ratio-for-the-distribution-of-delek/feed/ 0 Funds pour into Israeli startups https://stormfieldservicesllc.com/funds-pour-into-israeli-startups/ https://stormfieldservicesllc.com/funds-pour-into-israeli-startups/#respond Thu, 27 May 2021 22:26:06 +0000 https://stormfieldservicesllc.com/funds-pour-into-israeli-startups/

Cash flow for Israeli startups is plentiful right now and the local innovation scene is in the limelight, according to the recently released Startup Snapshot report, based on data from more than 200 local startups. COVID-19 has met challenges, but local businesses continue to prove their ability to pivot and innovate and have raised a record capital of $ 5.37 billion in the first three months of 2021.

“So much new money has poured into the Israeli ecosystem over the past two years, there are so many new investment funds and new investors who have money to deploy,” Tzahi Weisfeld, vice president and general manager of Intel Ignite, one of the report’s authors, told NoCamels.

SEE ALSO: Israel’s tech sector experiences modest growth in 2020, chronic employee shortage persists

Startup Snapshot, a data sharing platform for the Israeli startup ecosystem, was compiled by Y. Benjamin Strategic Marketing in partnership with LeumiTech, Intel Ignite and Fiverr.

“The funds are pouring in,” said Nimrod Vromen, partner Yigal Arnon & Co and CEO of Consiglieri, in a press release. “In 2021, investors are looking for more active involvement in monitoring spending and ongoing business activities, trying to protect themselves in today’s uncertain market environment.”

Tzahi (Zack) Weisfeld, general manager of Intel Ignite. Courtesy

“Everything is on steroids. Governments are going to invest a lot of money because they understand that they have not acted quickly enough in recent years. So there is a lot of money going to be spent on technology, ”Weisfeld explains.

Tech unicorns, record funding rounds, and high valuations are reported almost daily in the Israeli tech ecosystem.

Just this week, Salt Security announced a $ 70 million funding round, Wiz added $ 120 million to its coffers, and Valens is expected to be listed on the New York Stock Exchange for a valuation of $ 1.16 billion.

“The speed of closing a cycle has been almost halved compared to before COVID, with 29% of companies closing a cycle in less than two months,” Weisfeld said.

“It is interesting to see the impact of COVID-19 on early stage startups. If at the start of the pandemic these startups were at a disadvantage in terms of fundraising, the excess capital on the market led to a high level of investment in the first rounds. At the same time, in light of the uncertain market environment, we see investors seeking more protection and therefore asking for more restrictions when it comes to closing transactions. For this reason, I believe that startups will seek to diversify their types of financing, with credit products appearing more significantly in their portfolios, ”said Nurit Pirani, head of the LeumiTech business center.

Additionally, an OECD analysis of the global impact of COVID-19 on SMEs and entrepreneurs mentions Israel as one of the countries now benefiting from a booming start-up finance arena.

Photo by cottonbro from Pexels
An illustrative photo of people working. photo by cotonbro of Pexels

“We’re really quick when it comes to solving a problem,” Weisfeld says of the community of local innovators.

The Startup Snapshot report shows how Israeli startups are growing with the current market rocked by COVID-19, how they are strengthening their teams, increasing their funds and expanding to new locations overseas.

The report cites that the competitiveness of the local hiring market to fill thousands of vacancies forces around 13% of startups to look overseas to hire employees.

The effects of COVID-19 are also changing the way business is conducted. The report shows that to be successful in the tech industry, companies must now navigate a new hybrid model of remote, home and office work.

There are pros and cons to this new mixed situation. With working from home and remote working now part of the business lexicon, the founders are less constrained in terms of where their employees work. The report shows that 21 percent of companies said the location of their first employee overseas is no longer important.

And while face-to-face sales pitches are preferable, being able to listen to a recorded video call has its advantages, Weisfeld explains.

SEE ALSO: Israeli startups adapt to COVID reality but face key challenges – Report

“The first part of sales is essential for founders to understand what customers expect and want. We work with startups and founders to go back and listen to more than they could ever get from real sales during a face-to-face engagement. It is now possible to go back to the recording and say: “let’s listen carefully to what they just said”. So, there can be a lot of learning in these recorded calls which did not happen before. So that’s a plus, ”he says.

On the other hand, distance communication negatively affects business relationships and sales.

“The ability to bring people together and brainstorm ideas is important and right now we are challenged [to do this]. A hybrid future will need to provide solutions to this need because it is essential, ”Weisfeld told NoCamels. “The inability to spontaneously organize meetings hurts entrepreneurs.”

“41% of startups that have raised funds in the past nine months have done so without meeting their investors face to face. With digital meetings replacing face-to-face interactions, start-ups struggle to build credibility with investors they’ve never met in person. Successful startups will be able to exploit vast funding and international business opportunities, ”said Yael Benjamin, founder of Y. Benjamin Strategic Marketing, in a statement.

And if the near future looks rosy overall, the risk of too rapid business growth seems certain.

SEE ALSO: 10 Israeli-Founded Companies Achieve Unicorn Status in Q1 2021

“Big failures are inevitable,” says Weisfeld, a seasoned executive and serial entrepreneur, with three decades of experience in the consumer and tech company markets. “The SPAC phenomenon, these super, super big fundraisers, some of them are going to end painfully. But I think that in general the larger flow of funding is going to create more opportunities… to fund more tech experiments and more startups. The biggest challenge is that we don’t have enough talent.

Recognizing failure is an often-repeated innovation factor in general, and of local technology in particular. “It’s an amazing time to be in this industry,” Weisfeld sums up.

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Get paid up to two days in advance with SoFi Money https://stormfieldservicesllc.com/get-paid-up-to-two-days-in-advance-with-sofi-money/ https://stormfieldservicesllc.com/get-paid-up-to-two-days-in-advance-with-sofi-money/#respond Thu, 27 May 2021 22:26:06 +0000 https://stormfieldservicesllc.com/get-paid-up-to-two-days-in-advance-with-sofi-money/

SAN FRANCISCO – (COMMERCIAL THREAD) – SoFi today announced that SoFi Money, its cash management product from SoFi Securities LLC that helps people save and spend smarter, will now offer members the option of receiving their paychecks by deposit direct (or other eligible direct deposits) up to two days earlier than their normally scheduled payday. *

With faster access to the money they’ve already earned, members can get a head start on paying bills, investing in markets, saving, and making other smart financial decisions to build their financial futures. For example, according to internal data, SoFi members who have set up direct deposit are more than five times more likely to have a savings program and have twice as many investment assets than those who do not. have not. And for times when it’s needed, SoFi Money’s advance paycheck program and recently launched no-charge overdraft coverage ** alleviate two major financial stressors and protect consumers from overdraft charges, including banks. raised over $ 30 billion last year.

“We’ve heard frequently from members, regardless of income, that they want an advance paycheck, and we’re excited to be able to launch it now,” said Anthony Noto, CEO of SoFi. “With our advance paycheck program, we’re giving people access to their hard-earned money in a way – and at a time – that allows them to maximize their financial choices. Some might not think two days count, but I can tell you firsthand – this is IMPORTANT. ”

SoFi’s advance paycheck program will work by posting ACH transactions upon notification of incoming funds from the transferring institution. The program is available to any SoFi Money member who chooses to set up an eligible direct deposit. Please visit sofi.com/money to learn more about the Advance Paycheck and other SoFi Money member benefits, including no monthly fees, no minimum balance fees, access to over 55,000 ATMs automatic free of charge,2 and an APY which is 6x the national interest rate compared to traditional expense accounts.1, 3, 4

About SoFi

SoFi helps people achieve financial independence to achieve their ambitions. Our Borrowing, Saving, Spending, Investing and Protection products give our over 1.8 million members quick access to tools to get their money right. Membership in SoFi includes the essentials to move forward, including career counselors and a connection to a thriving community of ambitious and like-minded individuals. SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and Los Angeles Rams. For more information, visit SoFi.com or download our iOS and Android apps.

Disclosures

SoFi Money® is a cash management account, which is a brokerage product, offered by SoFi Securities LLC. FINRA / SIPC member. Neither SoFi nor its subsidiaries are a bank. SoFi Money debit card issued by The Bancorp Bank.

This is not an offer or the solicitation of an offer to buy or sell any security, investment or other product.

* Early access to direct deposit funds is based on when we receive an impending payment notice, which is typically up to two days before the scheduled payment date.

** Overdraft coverage only applies to SoFi Money accounts with eligible direct deposits of $ 1,000 / month and is currently not available for Samsung Money by SoFi accounts. Members with a history of non-repayment of negative balances for SoFi Money are also not eligible for overdraft coverage.

1 As of 6/9/2020, accounts with recurring monthly deposits of $ 500 or more each month will earn 0.25% interest. All other accounts will bear interest at 0.01%. Interest rates are variable and subject to change at our discretion at any time. Accounts opened before June 8, 2020 will continue to bear interest at 0.25%, regardless of deposit activity. SoFi’s Securities reserves the right to change this policy at our discretion at any time.

2 We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000 ATMs in the Allpoint network. You will not be charged any fees when using a networked ATM, however, third party fees incurred when using non-network ATMs are non-refundable. SoFi’s ATM policies are subject to change at our discretion at any time. Accounts opened before June 9, 2020 will continue to receive reimbursement of all ATM fees under our previous policy. SoFi Securities ATM policies are subject to change at our discretion at any time.

3 The cash balance of SoFi Money cash management accounts is transferred to one or more banks in the program where it earns a variable interest rate and is eligible for FDIC insurance. FDIC insurance does not apply immediately. Coverage begins when funds arrive at a program bank. There are currently six banks available to accept these deposits, making customers eligible for up to $ 1,500,000 in FDIC insurance (six banks, $ 250,000 per bank). If the number of available banks changes, or if you choose not to use, and / or have existing assets in, one or more of the available banks, the actual amount may be less. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for tracking their total assets in each of the program banks to determine the extent of FDIC insurance coverage available in accordance with FDIC rules. Deposits in SoFi Money or at program banks are not covered by SIPC.

4 6x based on the national average of 0.04% of the weekly price cap on 4/1/21.

]]> https://stormfieldservicesllc.com/get-paid-up-to-two-days-in-advance-with-sofi-money/feed/ 0 Accountants helping small businesses during National Small Business Month https://stormfieldservicesllc.com/accountants-helping-small-businesses-during-national-small-business-month/ https://stormfieldservicesllc.com/accountants-helping-small-businesses-during-national-small-business-month/#respond Thu, 27 May 2021 22:26:06 +0000 https://stormfieldservicesllc.com/accountants-helping-small-businesses-during-national-small-business-month/

As the United States marks National Small Business Month, accountants are deeply involved in helping their small business clients cope with the pandemic, particularly by helping them with various government assistance programs.

The US Small Business Administration’s Paycheck Protection Program has offered accountants a major opportunity to help clients apply for PPP loans and loan forgiveness since the program launched last year as part of the CARES law. The Consolidated Appropriations Act that Congress passed in December revived the PPP after it expired last summer, but it is expected to expire again at the end of this month.

This year, the Biden administration has focused on providing loans to small businesses in underserved communities and to businesses owned by women and minorities. He pursued a similar approach with the recent Restaurant Revitalization Fund, which aims to help restaurant establishments (see the story). Applications for the RRF were closed on Monday, but on Wednesday the SBA opened a new program called the Community browser pilot program, which aims to use a sort of hub-and-spoke approach to reach out to smaller businesses through community organizations, especially businesses owned by socially and economically disadvantaged people, as well as women and veterans.

During the pandemic, small business owners relied on their accountants for more than bookkeeping and helping government programs.

“Much like the 2008 financial crisis, small businesses have been hit harder than large businesses,” said Heather Bain, chair of the Small Business Committee at the Institute of Management Accountants. “It allows management accountants to leverage their relationships and become valuable advisors to small business owners. “

Closed stores on Grant Avenue in San Francisco

David Paul Morris / Bloomberg

She also owns Bain CPA Business Strategies, a small business consulting firm in Houston, where she advises clients on cash management projections and budgeting. “We get a lot of calls as small business accounting practitioners about cash flow,” she said.

Business owners have a lot of questions, she noted. “Should owners take advantage of the business? How can we reduce costs? How can we increase sales? They really want to know what their cash flow forecast looks like and how they can budget, and if, if they are at 50% capacity, can they actually continue to do payroll? Can they make their loan repayments? Can they get additional funding through the local SBA or PPP agency? What funding is available? How to reduce the cost of transactions? I get a lot of questions about banking choices, about reducing bank fees associated with using services like Zelle or another payment system in addition to accepting credit cards, or about avoiding bank fees that happen every month, and lots of cash flow issues, ”Bain said.

Risk management, diversity and inclusion are increasingly areas of focus for the IMA Small Business Committee. “As a committee, we’ve talked a lot about insurance and policy changes, not just insurance policies, but actual internal policy changes within small businesses that could impact risk to the company. business, ”Bain said. “We’ve talked a lot about diversity and inclusion as the primary way to ensure that there is good innovation and that they reach target markets. Whenever there is prejudice within a business, it may not really understand its target market. They may not understand their employee population and outside of their employee pool, so they may not attract top talent if they don’t have a good diversity and inclusion policy.

The pandemic has exposed many inequalities that the SBA is now trying to correct in programs like the PPP. “We are already seeing in many states that PPP loans have kept businesses in business, but they have not reached under-represented small community businesses and women-owned businesses as much as they have across the board. small businesses, so the effort to level the playing field was one of the key issues, ”said Diane Swonk, chief economist at Grant Thornton at the Avalara Crush Virtual event on Thursday. “We know that inequality is something ineffective by definition, and the inequalities that we’ve seen the pandemic accelerate, expose and exacerbate really reduce our growth potential going forward, and you’ve really seen a recognition by state and local governments on this front.

Technology has been at the center of concerns for small businesses and their accountants as they grapple with the pandemic. “We were also involved in the technological changes because, of course, during the pandemic, there was a lot of technological change, and we were involved in the budgeting for that, and in the analysis of the costs and benefits of the changes. technology, and how we fundraise for technological change, and can they justify that over the life of technology, and that sort of thing, ”Bain said.

Accounts receivable services rely heavily on a mixture of technologies. “CAS essentially demands that your business be able to best meet the needs of all of your clients,” wrote Hitendra Patil, Director of Practice Development and Client Success at AccountantsWorld, in her new book: “The Ultimate Guide to Accounts Receivable Success. “In other words, your business’s technology stack, services, processes, and pricing packages must meet the needs of businesses of different sizes, revenue, and varying levels of technology knowledge. business owners and their employees. In other words, your firm should have the capacity to do some of the accounting work or all of the work that your clients offload to your firm. “

Marketing changes have been required for many businesses due to the pandemic, while small businesses have also faced supply chain shortages and uncertainties that have raised questions for their accountants. “Supply chain management is a very big topic because with the pandemic there has been a lot of supply chain disruptions, and there is a need to analyze how to overcome supply chain disruptions. while remaining profitable, ”Bain said. “With many small businesses dependent on raw material and import prices, and most distributors not being able to take advantage of economies of scale, how can they improve their supply chain affordably? ? They also asked a lot of questions about it.

She helped customers apply for the Restaurant Revitalization Fund and do the necessary calculations to ensure they were eligible for the program (see the story). She and other management accountants have also helped companies apply for the employee retention credit that was included under the CARES Act. The Consolidated Appropriations Act has enabled companies to take advantage of both PPP and ERC.

“Many of our small business practitioners also work with employee retention credit,” Bain said. “Many firms are not even taking this job right now because they are still overwhelmed by the other tax changes that have occurred, so management accountants can step in and fill this gap that some CPA firms were managing,” especially small CPA firms that simply don’t have the capacity to do it all. Internal accountants, if they are management accountants, understand the complexities. We’re not just talking about accounting. We’re really talking about advisory-type roles.

The P3 has proven difficult for some small businesses to operate, given the constant changes to the program. “I have clients who have actually applied for the second round of the PPP, but since there have been entity rule changes, this is a partnership and the partnership does not show income.” , Bain said. “Everything is distributed to individuals, and individuals did not want to take out the loan in their own name under their 1099 income. They wanted to take it as a partnership like they did in the first PPP, and because of the changes, they couldn’t do it, so they won’t be able to take the second round of the PPP. I think because they made changes to the nominations for the second round, it will exclude some candidates just because it is a little different from the first round.

Small businesses that experienced a significant drop in revenue last year have been able to benefit from both PPP and ERC, thanks to recent program changes. “They changed the threshold to what they see as a significant drop in revenue, which has been helpful for small businesses because obviously not all small businesses make a very large margin, so any drop in income can be the difference between making a profit or not, ”Bain said.

The 20% deduction for qualifying business income in the Tax Cuts and Jobs Act of 2017 was convenient for some small businesses, but not all could qualify. “There was a lot last year that didn’t have enough income last year to make it useful,” Bain said. “It’s based on wages as one of the criteria for determining how much the company can deduct, so if their paid wages were going down then that would be less helpful. “

Small businesses should be able to benefit from a more lax attitude on the part of national and local tax authorities who do not want to harm the economic recovery of local communities.

“I think we’re going to see a little less oversight,” Kim Rueben, senior researcher and director of the Public and Local Finance Initiative at the Urban Institute, said at the Avalara Crush virtual event on Thursday. “Last year we thought this was going to end up being a top place to do a lot of surveillance and try to eliminate fraud and make sure everyone was paying. Right now, I think there will be some of it, but that will go a long way to ensuring that there is this leveling of the playing field between local businesses and online or national businesses. The fact that state and local governments can breathe a sigh of relief means we won’t quite see the level of repression, but I think as things change places are going to try to ensure that their local businesses are doing well. . … I think we’re going to see more of the stuff where they offer economic incentives or help their local businesses and try to make sure they’re not penalized by what’s going on nationwide.

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Facebook ban hits Trump where it hurts: messaging and money https://stormfieldservicesllc.com/facebook-ban-hits-trump-where-it-hurts-messaging-and-money/ https://stormfieldservicesllc.com/facebook-ban-hits-trump-where-it-hurts-messaging-and-money/#respond Thu, 27 May 2021 22:26:06 +0000 https://stormfieldservicesllc.com/facebook-ban-hits-trump-where-it-hurts-messaging-and-money/

Facebook’s decision does not immediately hamper Mr. Trump’s fundraising ability – he still retains control of a large number of supporters’ email addresses and phone numbers. But fundraising lists need to be continually updated, and Facebook has proven to be a crucial place for Mr. Trump to do so.

“He has the best fundraising list, but it degrades over time if you don’t add it,” said Eric Wilson, a Republican digital strategist. “So because they don’t have the ability to run ads on Facebook, they’re losing petitions to grow their mailing list, polls, things like that – the tactics every campaign needs to do 365 to really maintain.” their breeding fund. “

Throughout 2020, the Trump campaign would run ads asking users to “take this SOCIALISM poll” or “Wish Melania a Happy Birthday,” which would help both keep the lists up to date while expanding or occasionally adding new names to their lists, or getting a direct one. ad gift.

In recent days, Mr. Trump’s operation has started to more aggressively solicit supporters for money via text message – including one reacting to Facebook’s move on Wednesday.

On Tuesday, Mr Trump’s team announced that he would begin posting his thoughts on political developments on his own website, attempting to label him “From Donald J. Trump’s office.” But the power of Mr. Trump’s social media statements had been their ability to quickly ricochet off the web and into the streams of his supporters – something much more difficult to achieve while still being misleading.

But even without Facebook, some Republican strategists note that Mr. Trump still owns one of the biggest megaphones in the world, simply because of public interest in his plans, which could lessen the impact of the ban on Facebook.

“I compare him to someone with a sprained ankle,” said Tim Cameron, a Republican digital strategist. “It’s a bit hobbling, and it won’t be as strong as it would be with the ability to reach people on Facebook and other social platforms, but it’s definitely not something that’s going on. Stop.”

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NCAA chief under pressure from state laws pushes to let athletes cash https://stormfieldservicesllc.com/ncaa-chief-under-pressure-from-state-laws-pushes-to-let-athletes-cash/ https://stormfieldservicesllc.com/ncaa-chief-under-pressure-from-state-laws-pushes-to-let-athletes-cash/#respond Thu, 27 May 2021 22:26:06 +0000 https://stormfieldservicesllc.com/ncaa-chief-under-pressure-from-state-laws-pushes-to-let-athletes-cash/

CORAL GABLES, Florida – The University of Miami has long been able to deliver a brilliant speech to the students it hopes to feature on its athletic teams: outstanding athletic tradition, respected academics, sunny South Florida glamor.

For months, however, coaches in Miami – and every other college in Florida – had a new selling point: play here and, thanks to a new state law, maybe make some money. with your sporting fame.

Florida and four other states are set to allow players to complete sponsorship deals starting this summer, and with universities in other states worried about losing rookies, the NCAA is once again moving towards the extension of similar rights to university athletes across the country.

In an interview with the New York Times on Friday, NCAA President Mark Emmert said he would recommend that college athletic governing bodies approve the new rules “before or as close as July 1,” which the new laws are expected to take effect in Florida, Alabama, Georgia, Mississippi and New Mexico.