(Bloomberg) — The U.S. government has “backup plans” for funding itself if Congress doesn’t raise the debt limit before lawmakers leave for their August recess as hoped, Treasury Secretary Steven Mnuchin said. “I don’t want to leave any doubt, we have plans, backup plans for funding the government,” Mnuchin told reporters Friday at a press […]
Security ranks first among accounting firms’ technology challenges, according to a new survey. Just under a third, or 29 percent, of respondents to the 4th Annual Accounting Firm Operations and Technology Survey cited security as their biggest challenge over the next one to three years, up 10 percentage points from last year’s survey. Close behind […]
Red Wing Software has released version 11 of its accounting and payroll platform CenterPoint. CenterPoint Accounting, and the versions of the accounting software for the agriculture and nonprofit sector, have gained new features such as a function for customers to import and maintain screen data from outside sources. The user interface has also been modified […]
A lack of accountability leaves to many accountants free to go their own way, says Charles Hylan of the Growth Partnership.
(Bloomberg) House Republicans made headway on President Donald Trump’s pledge to dismantle post-crisis financial rules by approving a sweeping bill Thursday that rips up major aspects of the Dodd-Frank Act. House lawmakers approved the legislation in a 233-to-186 vote. But the bill—called the Financial Choice Act—has little chance of passing the Senate in its current […]
Financial planners need to start planning for their own ultimate futures, according to U.S. Wealth Management’s John Napolitano.
Cigars and nose jobs; “training” to manipulate numbers; and other highlights of recent tax cases. Cincinnati: Fesum Ogbazion, 44, owner and CEO of ITS Financial LLC, the national franchisor of Instant Tax Service, has been convicted of conspiracy to commit wire fraud, wire fraud, bank fraud, evasion of employment taxes and failure to pay over […]
Accounting firm combinations in Florida and Alabama lead the bill in a roundup of recent MA activity in the profession, plus a payroll company has been acquired. Florida Wiltshire, Whitley, Richardson English merges in McGee-CPA, PL Details: Wiltshire, Whitley, Richardson English, P.A. has added McGee-CPA, PL, effective June 1. McGee-CPA principal D. Todd McGee has […]
In previewing the future of the accounting profession, the word “scary” was used more than a few times by Jon Baron, president, professional, tax accounting at Thomson Reuters, in his keynote address on technology trends to attendees of the California Accounting Show and Business Show and Conference June 7. The largest area of concern was […]