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Tax automation solutions provider Avalara has acquired Seattle startup Indix, which makes artificial intelligence technology, highlighting the growing importance of AI in the tax and accounting software space, as it develops to a point where it can be applied in specific and useful ways. This acquisition comes hot on the heels of Avalara’s purchase of […]
German online payments firm Wirecard AG has seen its stock plunge by more than a third in recent days on reports of accounting misdeeds at its Singapore unit. Now, the company is fighting back by questioning the foundations of the allegations. A preliminary review last May by a respected Singapore law firm lists allegations of […]
Bill.com has named Ryan McGurk as vice president of accountant sales. McGurk joins the online invoicing company from Uber Eats, where he served as sales leader. McGurk began his career as an auditor for PwC, then shifted to sales roles at NetSuite. After earning an MBA at the Massachusetts Institute of Technology, he led sales […]
Artificial intelligence has become a buzz-phrase of sorts in recent years, and while it’s become hard to separate the hype from its practical potential, AI is rooted in a very realistic notion. Put simply, AI is one of the most advanced concepts in intelligent systems and decision-making in years, and the initial wave of academic […]
The Internal Revenue Service experienced a drop in both tax refunds and tax filings during the first week of tax season. For the week ending Feb. 1, 2019, the IRS received 16,035,000 returns, compared to 18,302,000 returns in the first week of last year’s tax season, a 12.4 percent decrease. The statistics may have also […]
With the government shutdown over (at least for now) and the Internal Revenue Service hard at work getting tax season launched, tax preparers had some very specific requests (as well as some strong words) for their representatives in Congress. “Please fund the IRS adequately, establish federal oversight of paid tax preparers and get the federal […]
The Institute of Management Accountants has updated its Management Accounting Competency Framework to keep pace with changing technology and business skills. The framework includes six domains of knowledge, skills and abilities that finance and accounting professionals need to stay relevant in the digital age. The IMA has been updating its training curriculum and exam for […]
Senator Ron Wyden, D-Ore., and Rep. Earl Blumenauer, D-Ore., have introduced legislation to legalize cannabis and prevent legal marijuana businesses from being hit with punitive tax bills. The Senate version of the bill, S. 420, the Marijuana Revenue and Regulation Act, aims to responsibly legalize, tax and regulate marijuana at the federal level. The legislation […]
Victims of the earthquake that took place on Nov. 30 in Alaska may qualify for federal tax relief, according to the IRS. President Trump has declared that a major disaster occurred in Alaska. Following the recent disaster declaration for individual assistance issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers […]
Digital providers such as Amazon, Lyft and Uber are increasingly beating out older companies on expense reports. Expense management software provider Certify reported Thursday that Uber was the most expensed brand among businesses for the third consecutive year. The ride-hailing giant accounted for 11 percent of all transactions. Uber’s rival Lyft cracked the Top 10 […]
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