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Paychex Demonstrates Continued Commitment to Accounting Community through Technology and Service Innovation

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Paychex Demonstrates Continued Commitment to Accounting Community through Technology and Service Innovation

As part of its presence at AICPA Engage 2018, Paychex, Inc., a leading provider of human capital management solutions for payroll, HR, retirement, and insurance services, will showcase its ongoing commitment to delivering technology and service solutions that empower accounting professionals to meet the payroll and HR needs of clients with efficiency and confidence.

With solutions designed to ensure accountants provide greater client value and continuously enhance their role as trusted advisor, Paychex delivers:

Powerful HR technology. An all-in-one, scalable HR solution, Paychex Flex® is ideal for clients of every industry and size. The modular design of Paychex Flex allows accountants and their clients to customize services, ranging from recruiting and onboarding to payroll and benefits administration, and much more.

Efficiency. Exclusively for accountants, Paychex AccountantHQ enhances productivity by offering access to authorized client payroll and HR data and key account contacts, along with an extensive resource library, all through a convenient online dashboard. In addition, Paychex offers real-time data integration with leading accounting software packages including QuickBooks® Online, Sage Intacct®, and Xero™.

Dedicated, personal service. Through Paychex AccountantHQ, accountants have access to personal service how, when, and where they want – ranging from 24/7/365 service options with an accountant-specific team of highly trained U.S.-based professionals to dedicated relationship managers for strategic accounting partners.

Also at AICPA Engage 2018, Paychex and CPA.com, the technology subsidiary of the American Institute of CPAs (AICPA), will commemorate 15 years of partnership through the Paychex Partner Program. The program designates Paychex as the preferred provider of payroll, HR, and retirement services and offers special benefits to the clients of program members.

“For the past 15 years, Paychex and CPA.com have partnered to enhance the profession’s role as key advisors to their clients in all aspects of human capital management. Today, more than half of all CPA firms in the U.S. are enrolled and participating in the Paychex Partner Program, which provides unique value such as our accountant-specific user experience in Paychex AccountantHQ and a dedicated accountant service model,” said Maureen Lally, vice president of marketing at Paychex. “In partnership with CPA.com, we will continue to develop solutions that meet the evolving needs of accountants and their clients.”

“CPAs can bring great insight into payroll, retirement, and human resource administration decisions, so firms that can successfully integrate these categories into their advisory services practice can provide significant value to clients,” said Michael Cerami, vice president of marketing and business development for CPA.com. “Paychex is committed to working with CPAs toward this end and is one of our longest-standing strategic partners.”

Accountants also appreciate the inherent value that comes from aligning the HR expertise of Paychex with the firm know-how of CPA.com through the Paychex Partner Program. “Over the years, my experiences with Paychex have always been professional and their services have been delivered with a personal touch… I refer all of my clients to Paychex,” said Christian Hernandez, a CPA from Santa Monica, California. “Knowing that it’s a partnership program with the AICPA gives me and my clients great confidence.”

In conjunction with the conference, CPA.com and Paychex will also host an inaugural gathering of their new Accountant Advisory Council, bringing together a diverse group of accounting professionals to provide feedback and share insights on the profession, firm, and client objectives.

Paychex experts will also participate in a series of speaking engagements at the conference. Director of compliance risk Mike Trabold will lead the session “Top Regulatory Items on the Horizon. Are Your Clients Prepared?” on Tuesday, June 12 at 7:00 a.m. Additionally, senior manager of the retirement advisor channel Frank Tortora will participate in the panel discussion “The Role of ‘Robo’ in Defined Contribution Plans” on Thursday, June 14 at 11:15 a.m.

For more information on how partnering with Paychex can enhance an accountant’s role as their clients’ most trusted advisor, visit the Paychex booth at AICPA Engage 2018 or go to www.paychex.com/accounting-professionals.

About CPA.com

CPA.com empowers CPAs and businesses for the digital age. The company offers a growing list of digital products and services that help firms succeed in practice management, client advisory services and professional development.

CPA.com is a subsidiary of the AICPA, the world’s largest member organization representing the accounting profession. The company has its headquarters in New York City and offices in Silicon Valley, Calif., Dexter, Mich., and Durham, N.C. For more information, visit CPA.com.

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Spain’s jobless hit four million for first time in five years as pandemic curbs bite

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Spain's jobless hit four million for first time in five years as pandemic curbs bite 1

By Nathan Allen and Belén Carreño

MADRID (Reuters) – The number of jobless people in Spain rose above 4 million for the first time in five years in February, official data showed on Tuesday, as COVID-19 restrictions ravage the ailing economy.

Since the onset of the pandemic, Spain has lost more than 400,000 jobs, around two-thirds of them in the hospitality sector, which has struggled with limits on opening hours and capacity as well as an 80% slump in international tourism.

Jobless claims rose by 1.12% from a month earlier, or by 44,436 people to 4,008,789, Labour Ministry data showed, the fifth consecutive monthly increase in unemployment.

That number was 23.5% higher than in February 2020, the last month before the pandemic took hold in Spain.

“The rise in unemployment, caused by the third wave, is bad news, reflecting the structural flaws of the labour market that are accentuated by the pandemic,” Labour Minister Yolanda Diaz tweeted.

Restrictions vary sharply from region to region in Spain, with some shutting down all hospitality businesses, though Madrid has taken a particularly relaxed approach and kept bars and restaurants open.

A total of 30,211 positions were lost over the month, seasonally adjusted data from the Social Security Ministry showed. It was the first month more positions were closed than created since Spain emerged from its strict first-wave lockdown in May.

Still, the number of people supported by Spain’s ERTE furlough scheme across Spain fell by nearly 29,000 to 899,383 in February.

“These figures have remained more or less stable since September, indicating that the second and third waves of the pandemic have had a much smaller effect than the first in this regard,” the ministry said in a statement.

Hotels, bars and restaurants and air travel are the sectors with the highest proportion of furloughed workers, it added.

Tourism dependent regions like the Canary and Balearic Islands have been particularly hard hit, with the workforce contracting by more than 6% since last February in both archipelagos.

The last time the number of jobless in Spain hit 4 million was in April 2016.

(Reporting by Anita Kobylinska, Nathan Allen and Belén Carreño, Editing by Inti Landauro, Kirsten Donovan and Philippa Fletcher)

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Pandemic ‘shecession’ reverses women’s workplace gains

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Pandemic 'shecession' reverses women's workplace gains 2

By Anuradha Nagaraj

(Thomson Reuters Foundation) – The coronavirus pandemic reversed women’s workplace gains in many of the world’s wealthiest countries as the burden of childcare rose and female-dominated sectors shed jobs, according to research released on Tuesday.

Women were more likely than men to lose their jobs in 17 of the 24 rich countries where unemployment rose last year, according to the latest annual PricewaterhouseCoopers (PwC) Women in Work Index.

Jobs in female-dominated sectors like marketing and communications were more likely to be lost than roles in finance, which are more likely to be held by men, said the report, calling the slowdown a “shecession”.

Meanwhile, women were spending on average 7.7 more hours a week than men on unpaid childcare, a “second shift” that is nearly the equivalent of a full-time job and risks forcing some out of paid work altogether, it found.

“Although jobs will return when economies bounce back, they will not necessarily be the same jobs,” said Larice Stielow, senior economist at PwC.

“If we don’t have policies in place to directly address the unequal burden of care, and to enable more women to enter jobs in growing sectors of the economy, women will return to fewer hours, lower-skilled, and lower paid jobs.”

The report, which looked at 33 countries in the Organisation for Economic Co-operation and Development (OECD) club of rich nations, said progress towards gender equality at work would not begin to recover until 2022.

Even then, the pace of progress would need to double if rich countries were to make up the losses by 2030, it said, calling on governments and businesses to improve access to growth sectors such as artificial intelligence and renewable energy.

Laura Hinton, chief people officer at PwC, said it was “paramount that gender pay gap reporting is prioritised, with targeted action plans put in place as businesses focus on building back better and fairer”.

Britain has required employers with more than 250 staff to submit gender pay gap figures every year since 2017 in a bid to reduce pay disparities, but last year it suspended the requirement due to the coronavirus pandemic.

(Reporting by Anuradha Nagaraj @AnuraNagaraj; Editing by Claire Cozens. Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers the lives of people around the world who struggle to live freely or fairly. Visit http://news.trust.org)

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German January exports to UK fell 30% year-on-year as Brexit hit – Stats Office

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German January exports to UK fell 30% year-on-year as Brexit hit - Stats Office 3

BERLIN (Reuters) – German exports to the United Kingdom fell by 30% year-on-year in January “due to Brexit effects”, preliminary trade figures released by the Federal Statistics Office on Tuesday showed.

In 2020, German exports to the UK fell by 15.5% compared to 2019, recording the biggest year-on-year decline since the financial and economic crisis in 2009, when they fell by 17.0%, the Office said.

“Since 2016 – the year of the Brexit referendum – German exports to the UK have steadily declined,” the Office said in a statement.

In 2015 German exports to the UK amounted to 89.0 billion euros. In 2020, German they totalled 66.9 billion euros.

Imports to Germany from the UK totalled 34.7 billion euros in 2020, down 9.6 % compared to 2019.

(Reporting by Paul Carrel; Editing by Madeline Chambers)

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