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Month: January 2020

Tech News: Analytics rebrands as Planful

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January 28, 2020
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| Tax News And Info

AvidXchange, which provides accounts payable (AP) and payment automation solutions for the middle market, has raised $260 million in equity capital as part of the company’s latest financing round. With contributions from TPG Sixth Street Partners and other investors, this brings total funding to more than $800 million since the company’s founding in 2000. The […]

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Posted in Tax News And Info Tagged irs, tax news

63 of the biggest cities don’t have enough money to pay their bills

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January 28, 2020
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The majority of the U.S’s 75 most populous cities lack enough funds to pay their bills, but the remaining 12 have budget surpluses, according to a new report. The 2020 Financial State of the Cities report, from Truth in Accounting, a think tank that analyzes government financial reporting, examined the fiscal health of the 75 […]

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Posted in Tax News And Info Tagged irs, tax news

Carbon tax won’t be necessary due to technology, Mnuchin says

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January 27, 2020
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U.S. Treasury Secretary Steven Mnuchin weighed in on the debate about a carbon tax in Davos, saying technological developments would make it redundant. “If you want to put a tax on people, go ahead and put a carbon tax. That is a tax on hard working people. I personally think the costs are going to […]

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Posted in Tax News And Info Tagged irs, tax news

Better client onboarding: Understanding your client’s family tree

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January 27, 2020
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Think about the last time someone outside your family asked how your kids or grandkids were doing — and referenced them by name. How did that make you feel? Pretty good, right? Next time you meet with a client, instead of just making small talk or asking, “How’s the family doing?” take it a step […]

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Posted in Tax News And Info Tagged irs, tax news

People on the move: DHG hires managing director in PE practice

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January 27, 2020
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Weaver hires first CFO; Marks Paneth and Friedman expand partnership; and more personnel news.

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Posted in Tax News And Info Tagged irs, tax news

Firms on the move: Deloitte names Fordham FanTAXtic champs

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January 26, 2020
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CTCPA recognizes Distinguished Service and Women to Watch honorees; Mize Houser rebrands; and more CPA news.

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Posted in Tax News And Info Tagged irs, tax news

Firms giving back: Baker Tilly holds third ‘Wishes’ campaign

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January 26, 2020
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Baker Tilly Virchow Krause holds its third nonprofit “Wishes” campaign; and Xero seeks three U.S. students for its $30K Forward Fund.

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Posted in Tax News And Info Tagged irs, tax news

What are the potential tax advantages of the LLC, C corp and S corp?

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January 26, 2020
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As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity. It’s important to communicate those considerations to your clients to help guide them as they decide which legal business structure to form for their company. In addition to your insight, of course, your clients should also […]

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Posted in Tax News And Info Tagged irs, tax news

IRS gives banks leeway on notifying IRA owners about RMD change

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January 25, 2020
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The Internal Revenue Service is giving financial institutions a break when it comes to notifying owners of individual retirement accounts about taking their required minimum distributions after a new law increased the age for taking RMDs from 70½ to 72. The SECURE Act was signed into law last month and includes a number of changes […]

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Posted in Tax News And Info Tagged irs, tax news

Avalara adds 17 new app integrations

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January 25, 2020
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Avalara has added 17 new certified integrations to accounting, enterprise resource planning, e-commerce, point-of-sale, mobile commerce and customer relationship management software applications. Aptean Intuitive ERP is an enterprise resource planning solution designed for manufacturers in repetitive, high-mix production environments and regulated industries like electronics, medical devices and aerospace. Bolt is a checkout app for online […]

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Posted in Tax News And Info Tagged irs, tax news
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