In the News - July 15, 2021

Grab a beverage and spend three minutes with today's news.

Are you eyeing new IT software or hardware purchases in the next few months? If so, you aren't the only one. Research firm Gartner predicts 2021 IT spend worldwide will increase by 9% as companies invest in IT ahead of revenue expectations. Rather than reacting in short time frames in a defensive posture to 2020 disruptions, this year companies are investing proactively ahead of growth. What does this mean for you? First, create an intentional plan to evaluate your current tech stack to identify weaknesses and holes, to research new technologies and then to implement those technologies. And second, be prepared to assist your clients with technology decisions and create your own plan. 

B2B payment company Melio is continuing to grow. The company announced executive appointments this week, hot on the heels of last month's announcement that Melio is opening is Western US headquarters in Colorado. Melio has raised $256 million in investments since its inception. The company is on pace to process tens of billions of dollars of transactions in 2021. 

Here is a list of IRS tools to help you and your clients manage advance child tax credit payments.

• Determine if taxpayers are eligible for advance payments
• Submit information if not required to file a return but are eligible for the child tax credit
• Manage payments to:
  • Check if you’re enrolled to receive advance payments
  • Unenroll to stop getting advance payments
  • Provide or update your bank account information for monthly payments starting with the next monthly payment