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While more and more firms are (hopefully) comfortable knowing that they have a succession plan in place for their top leadership, how many can say that they’re prepared for succession firmwide? Especially for small and midsized firms, a few sudden changes in staff can really throw a business for a loop — not an ideal […]
Adaptive Insights, a cloud CPM (corporate performance management) software provider, announced deeper integration with NetSuite at SuiteWorld 2017. When integrated with NetSuite, Adaptive Insights appears as a tab within the software. Approximately 90 percent of NetSuite customers create additional custom fields within the ERP software, according to founder and chairman of Adaptive Insights Rob Hull. […]
While my main occupational activity is technical journalism and a few consulting gigs, it seems to me that I spend a lot of time talking with people. I also use email a lot, and it’s very useful when I need to deal with people in different time zones, but mostly I prefer to talk with […]
WeWork, a coworking and office space provider, has launched an app store for its users to find utilities for whatever working needs they might have. The accounting and invoicing apps the company selected for the initial release of the WeWork Services Store are: Xero, accounting software aimed at small to midsized businesses. InDinero, which provides […]
Many firms fire staff after tax season. The reason being that they feel they needed to get through tax season and those who are not good are let go as soon as practical. I did it differently. If someone was no good, I let them go when I realized that. If that left me shorthanded […]
Mandatory rotation of auditing firms and engagement partners doesn’t necessarily foster greater professional skepticism, according to a new academic study. The study polled 233 pairs of auditors and their contact persons at client firms (mainly CEOs or CFOs) on their attitudes towards mandatory rotation and found that trust and professional skepticism can work hand in […]
Following Donald Trump’s election and the retention of Republican control in both houses of Congress, suddenly the prospects for tax reform in 2017 went from doubtful to fairly likely. The House tax reform blueprint from June 2016 was dusted off as a starting point for serious tax reform discussions. Trump had some tax proposals from […]
Economic confidence has rebounded in the first quarter of the year, according to a survey of accountants around the world by the Association of Chartered Certified Accountants and the Institute of Management Accountants. The improvement in the ACCA and IMA Global Economic Conditions Survey is mostly driven by the U.S., where respondents hope a combination […]
The Internal Revenue Service has released a revenue procedure that provides guidance on several aspects of the Protecting Americans from Tax Hikes Act of 2015, including the expensing of section 179 property, the additional first-year depreciation deduction, and the qualified Indian reservation property depreciation provision. Revenue Procedure 2017-33 details some of the tax rules surrounding […]
President Donald Trump will release a tax plan for individuals and businesses next week that may not include every component that will go into final legislation, said a senior White House official. The plan — which Trump said will be released Wednesday — will contain the administration’s priorities, and it will finally reveal the president’s […]
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