Joshua Reeves

KPMG to fine staff for late time sheets, Square wants to be a bank, real-time payroll for workers, Flux raises 7.5M, and the case for a 6-hour workday

KPMG to fine staff for late time sheets, Square wants to be a bank, real-time payroll for workers, Flux raises 7.5M, and the case for a 6-hour workday

Despite bumper payouts to partners, the UK branch of KPMG announced it will be imposing penalties of £100 on staff who turn in their time sheets late. Meanwhile, the leader of the Labour party is calling the Big Four a “cartel” and is threatening to break them up. Meanwhile in the US, Square has revived its request to start a bank, which would primarily offer loans, deposit accounts, and prepaid cards to small businesses. Blake and David also discuss a couple of apps: 1) Earnin raised $125M to enable same-day payrolls for workers, and 2) Flux raised $7.5 in the UK to bring digital receipts to bank feeds via POS systems. Finally, Blake shares why it’s time to consider a 6-hour workday for knowledge workers.