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LeaseAccelerator, a provider of web-based lease accounting software based in Reston, Virginia, has Guardian Global Systems, an Australian company that has developed online real estate administration software, for an undisclosed sum. The acquisition comes as more companies are adjusting to new lease accounting standards under both U.S. GAAP and International Financial Reporting Standards. Guardian Global […]
The American Institute of CPAs announced Wednesday that it has released new professional standards for forensic accountants. The Statement on Standards for Forensic Services No. 1 provides more tailored authoritative guidance to CPAs who perform forensic accounting services. The SSFS 1 standards clarify the definitions of “litigation” and “investigation” for accounting purposes, detail key considerations […]
Nina E. Olson, the outgoing National Taxpayer Advocate, released a special report Wednesday on the Earned Income Tax Credit, suggesting different ways to increase the participation rate of eligible taxpayers in claiming the EITC and reduce overclaims by ineligible taxpayers. The Taxpayer Advocate Service she leads also published a chart Wednesday that it’s referring to […]
BQE Software Inc. has released Core Intelligence, a Google Assistant-enabled smart dashboard that plugs into accounting software. Accountants and their clients can have conversations with the tool to gain insights into their business. The voice-enabled platform is a demonstration of how artificial intelligence has matured to a point at which it can be deployed meaningfully […]
The Governmental Accounting Standards Board proposed guidance in an omnibus exposure draft to address a variety of state and local government accounting and financial reporting issues it has identified during the implementation and application of different GASB pronouncements. The issues covered by the Exposure Draft, Omnibus 20xx, include: The effective date of Statement No. 87, […]
ADP has partnered with CountingWorks Pro to offer tax and accounting professionals access to a library of customizable client marketing materials. CountingWorks Pro, a marketing and growth system for accounting and tax professionals, has selected a set of ADP-approved marketing assets to help tax and accounting professionals attract more business and convert more clients to […]
Courtesy: Institute of Management Accountants The Institute of Management Accountants launched a new podcast series Tuesday called “Count Me In,” featuring perspectives on accounting and finance from industry experts. Topics include emerging technologies, business innovation and the future of the accounting profession. The podcast, produced by the IMA’s Education and Career Services, aims to bring […]
The Internal Revenue Service has issued final regulations for allowing employers to truncate taxpayer identification numbers on wage and tax statements to help protect employees from identity theft. The regulations allow employers to voluntarily truncate employees’ Social Security Numbers on copies of the Form W2, Wage and Tax Statement, furnished to employees so the truncated […]
Google began tracking search trends in 2004. Since that time, the frequency of searches for “mindfulness” has more than quadrupled, which goes to show you just how much the concept has gained traction in recent years. While Google doesn’t provide data on who’s making those searches, I’d venture a guess that many come from workers […]
RSM US, one of the top five firms in the U.S., has launched its RSM Shot at College program in coordination with the Zach Johnson Foundation and Kids on Course. The new program will provide financial support and mentorship to three college-bound students per year. The Shot at College program was officially announced during a […]
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