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The National Society of Accountants has called the IRS budget appropriation now under consideration “a disservice” to taxpayers and inadequate, even for the IRS needs of a decade ago — let alone at the dawn of massive new tax reform. “The IRS Division responsible for responding to taxpayer telephone calls estimates that it would be […]
Just when banks may have thought they have met all of their fiscal and regulatory obligations for the New Year (including the hotly debated IRS 871(m) requirements governing financial derivatives), yet a new one arises. Cue QDD—a new set of requirements for broker dealers and banks that want to become Qualified Derivatives Dealers. The idea […]
Most CPAs tell me they’d like to grow their firms. They also tell me they’d like to work fewer hours, raise their fees and increase their take-home pay. The question is not: “How can I raise my fees?” The question you need to ask yourself is: “How can I become more valuable to my best […]
The Internal Revenue Service is getting ready to open the tax filing season on Monday, Jan. 29, as it gears up to handle the new tax law. This year, tax season will close on Tuesday, April 17, when individual tax returns and payments are due to the IRS. The IRS advised tax professionals in an […]
Close management software provider FloQast has updated the visualizations in its Close Analytics solution. First released last year, Close Analytics provides controllers a real-time view of the status of their current close process, along with tools to identify ways to improve future closes. The latest release adds new smart analytics capabilities, including pace line visualizations, […]
Biz2Credit, which provides internet-based small business funding, has partnered with AccountantsWorld to provide its solution directly through the accounting software maker’s platform. Through Biz2Credit’s online lending platform, small business owners have access to a network of pre-screened lenders. Financing, which ranges from $5,000 to $5 million, can be arranged, sometimes within 24 hours, for lines […]
Inclusion is being celebrated at the World Economic Forum at Davos, and this is hardly surprising. Inclusivity and diversity have been staples of corporate life for many years now. But another consequence of life in the digital economy is addressing those who have been excluded by their gender, ethnicity or sexual orientation, as well as […]
UHY Advisors, Inc. has acquired Bright Point Consulting, a finance and accounting software implementation firm based in Raleigh, N.C. Bright Point was founded in 2010 and focuses on implementing software-as-a-service, or SaaS, solutions for corporate finance and accounting departments. Financial terms were not disclosed. UHY Advisors, based in Chicago, ranked 32nd on Accounting Today’s 2017 […]
Amazon has informed its third-party sellers whose products are stored in its facilities in Massachusetts that it will be providing information to the state tax authority in what is believed to be a first for the company. The Seattle-based e-commerce giant told merchants who have items stored in its fulfillment centers in the state that […]
General Electric Co. is under investigation by U.S. regulators after taking a larger-than-expected charge in its finance division, dealing a new black eye to a company once enshrined as an icon of American business. The Securities and Exchange Commission is looking at the accounting practices related to a review of a GE insurance business as […]
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