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Gusto, which provides payroll and HR software, has introduced Gusto for Partners, a newly designed dashboard aimed at helping accountants grow their practices. Gusto calls accountants who use its software to serve multiple clients, “partners.” The company reports that it currently has 3,000 accountant partners. The new Gusto for Partners features a specially designed central […]
Help with the digital transformation, blocking malware, keeping a respectable social media presence, and other important developments in technology that may affect firms and their clients. 1. Menlo Security raises $40 million to help companies block malware. Cybersecurity startup Menlo Security says, “Customers are demanding more durable approaches to malware prevention, versus a long legacy […]
A technique I have become comfortable with is Managing by Wandering Around (MBWA). It seems I have been doing this ever since I started managing someone. It just evolved as an effective technique long before it started appearing in articles and books. MBWA is simply walking around the office to see what people are doing […]
The International Public Sector Accounting Standards Board has proposed a new strategy and work plan for 2019 through 2023. The IPSASB, which is supported by the International Federation of Accountants, has proposed to strengthen public financial management globally through increased adoption of its own accrual-based International Public Sector Accounting Standard, raising awareness of the standards […]
Monday’s stock-market plunge is unlikely by itself to make a significant dent in a U.S. economy that’s enjoying solid gains in spending and hiring, though it has the potential to rattle consumer sentiment, which soared after the November 2016 election. The impact on growth, according to economists, will depend on whether the market keeps falling, […]
There’s been a steep rise in the use and price of cryptocurrency or virtual currency (such as Bitcoin) recently, and you and your clients may have questions about the tax implications. Bitcoin and other cryptocurrencies have been around for almost a decade and can be traded digitally on the internet, used to buy goods and […]
The Governmental Accounting Standards Board is asking for help as it develops a comprehensive model for revenue and expense recognition for state and local governments. GASB released an Invitation to Comment document Thursday asking for input. GASB wants to create a stronger framework to address various types of transactions, including some for which there’s currently […]
Preparers who filed returns claiming the Earned Income Tax Credit but who possibly fell short of due diligence requirements will soon receive IRS Letter 4858, “Alert to Return Preparers Related to EITC Claims.” In response to concerns about fraudulent or mistaken EITC claims, over the past few years the IRS has been putting more of […]
CBIZ, Inc. has acquired Laurus Transaction Advisors LLC, a Denver-based business that provides buy-side and sell-side financial and accounting due diligence services for MA transactions to private equity firms along with public and private companies, effective Feb. 1, 2018. Laurus has done more than 650 financial and accounting due diligence engagements and projects for private […]
The Internal Revenue Service warned tax professionals Friday to beef up their security measures and avoid clicking on some new phishing emails that can download malware onto their computers to steal their clients’ data. Even though tax season started just this week, the IRS has already identified a new scam that started with cybercriminals stealing […]
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