Remove 2020 Remove Collections Remove Deposits
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Avoid Holiday Mail Delays, Get Paid Faster with ePayments 

AvidXchange

Adopting digital payment methods not only helps improve cash flow with more timely payments but it can be more efficient than processing paper checks. Recent News About the USPS In 2020, the USPS unveiled a 10-year-plan to overhaul the organization after losing $87 billion between 2007 and 2020. to $14 per transaction.

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1099-NEC vs. MISC: How to Prepare for Next Week’s New IRS Deadline

AvidXchange

If your business paid an independent contractor more than $600 this year for services provided to your company in 2020, you’ll need to file a new Internal Revenue Service (IRS) tax form by Feb. For other types of payments your company made in 2020, you can continue to report them on Form 1099-MISC.

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How Straight Through Processing Automates Delivery and Receipt of Payments for a Busy Small Business  

AvidXchange

When apartments turn over at the beginning and end of each school year, we may process more than one hundred checks in a single day, manually entering, reconciling and depositing them for payment,” said Clark. The company’s credit card transactions were equally cumbersome and time consuming, not to mention costly due to high transaction fees.

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Make Electronic Payments Simpler: All you need to know

Nanonets

 Less known benefits include: Cost and time savings: Paper-based payments, be it cash or checks,  involve hidden costs such as manpower for collection and processing.  The Efficiency: ePayment systems do not require waiting in long queues in ATMs and banks to withdraw cash or deposit checks.  

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Accounting Practice Management Software: The Top 17 Roundup

Future Firm

Senta has 3 main building blocks for your projects which you’ll need to be familiar with: Services: A collection of jobs (ex: a quarterly sales tax filing). Jobs: A collection of tasks (ex: 1 sales tax filing). To me, this doesn’t feel like what software should feel like in 2020. A list view of upcoming tasks & jobs.

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Tax Day is July 15. Still

Cloud Accounting Podcast

Blake Oliver: [00:10:40] I don't think this was listed in the blog post about the reasoning for not moving the deadline, but I did hear some speculation that the big reason managing partners wouldn't wanna move the deadline is that they collect payment from clients when they file returns. This is not unique to you, and I, Blake.

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Tax Deadline Extended, IRS Yet to Confirm

Cloud Accounting Podcast

When you're talking about taxpayer checks, notwithstanding the physical piece, which is that not everybody has direct deposit, I think there are some real security issues that you have to worry about when you have remote workers, at that point, because how- who has access to the system? The IRS should not be collecting.

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