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Ernst Young has partnered with accounting close software maker BlackLine to expand the firm’s automation capabilities, and services offered to clients to improve finance and accounting operations. BlackLine is working with EY to help companies govern and automate their finance and risk processes. This alliance is an extension of an existing collaboration between EY and […]
Net@Work named Sage’s Top North American Partner Net@Work, a full-service technology and business consultancy, has been named Sage’s Top North American Partner. The award is part of Sage’s CEO Circle award program, designed to reward and recognize outstanding performance of the top 50 partners that serve Sage’s customers, and recommend and advocate for Sage. Partner […]
Vena Solutions’ Excel-based, online enterprise management software now enables integrated planning functionality. The software release includes support for collaboration across departments, improved modeling for business users, and new data discovery and analysis capabilities. For collaboration, Vena offers improved report books and automated report distribution through PowerPoint and Excel, along with document embedding and collection features […]
The chairmen of Congress’s main tax committees are calling on the head of the Internal Revenue Service to put in place screening procedures to make sure employees with serious conduct issues don’t receive bonuses, in response to a government report pointing to continuing problems in this area despite some progress. The report, from Treasury Inspector […]
The Internal Revenue Service failed to tell nearly half a million victims of identity theft last year their information was being used by others for employment purposes, according to a new report, which attributed the failure to a computer programming error. The report, from the Treasury Inspector General for Tax Administration, found the programming glitch […]
The Securities and Exchange Commission tapped Kyle Moffatt, a former audit manager at Ernst Young, as chief accountant in the SEC’s Division of Corporation Finance. Moffatt has been acting chief accountant since last month, succeeding Mark Kronforst (see Corp Fin chief accountant Kronforst to leave SEC). He joined the Corporation Finance division in 2000 as […]
The Financial Accounting Standards Board released an accounting standards update Wednesday to help companies deal with the stranded income tax effects in accumulated other comprehensive income stemming from the Tax Cuts and Jobs Act. FASB voted last week to move forward with the new standard, despite some opposition from the CFA Institute (see FASB plans […]
Bloomberg Tax released a new line of corporate tax software Wednesday known as Advantage, providing technology for handling fixed assets, federal and state tax, net operating losses, provision analysis, and sales and use tax rates. The products enable users to keep track of projects, manage documents, and collaborate internally and externally. Features include access to […]
There’s a provision in the Tax Cuts and Jobs Act that is just now beginning to garner awareness among state governments and investors. But the clock is ticking on the provisions, designed to attract investment in struggling low-income neighborhoods. Many states are unaware of the provision, even though they must take action by March 22, […]
With 2018 upon us and the extraordinary effort we’ve put in to get us past the public company deadline for the new revenue recognition standards, I’d like to highlight three longer-term considerations for companies to keep in mind as they continue to report and operate under the new rules. ● Backing off from “brute force”: […]
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