People & firms on the move: KPMG International names global head of advisory
Prager Metis launches Latin entertainment group; KPM CPAs hires six; and more CPA news.
Month: September 2020
Accounting Today calls for nominations for 2020 Top 100 People
Accounting Today is issuing a call for nominations for the 2020 edition of its annual Top 100 Most Influential People in Accounting list. The list profiles a wide range of figures who wield influence over the profession, from association leaders, to state and federal regulators, thought leaders, practitioners, academics, consultants and grassroots activists. To cast the […]
SASB expands into standards for internet content moderation and human capital
The Sustainability Accounting Standards Board is moving beyond standards for environmental issues and more into the areas of social and governance reporting, with new projects on content governance in the internet media and services industry and human capital management. SASB held an online board meeting Friday to discuss both issues, along with the more environmentally […]
Tax relief granted for Oregon fire victims
Victims of the Oregon wildfires that began on Sept. 7 now have until January to file various federal individual and business returns and make tax payments. The IRS is offering this relief to any area designated by the Federal Emergency Management Agency as qualifying for individual assistance. Currently this includes Clackamas, Douglas, Jackson, Klamath, Lane, […]
Cash-starved cities test new approach to taxing streaming services: franchise fees
As state and local tax forecasts continue to paint a very ugly budget picture, there is little reason to doubt that officials are casting about in search of new sources of revenue. An attractive target presents itself in the form of the explosively growing streaming media market, represented by such heavyweights as Netflix, Hulu and […]
Acumatica update focuses on COVID-19 challenges
Acumatica has released its latest software update, and it includes a new point-of-sale tool, advanced expense management, and a new, deep integration with Shopify. Also new for the 2020 R2 release is automatic creation of accounts payable documents from vendor bills, driven by artificial intelligence embedded in the software. R2 offers self-joining tables and automatic […]
CalCPA announces partnership with MindBridge
The California Society of CPAs has announced a strategic relationship with Canadian company MindBridge to educate its members on AI and data analytics, as well as introducing MindBridge’s software solutions to CalCPA members across the state. MindBridge has more than 300 customers across 14 countries. Its technology helps accountants analyze financial records with AI, machine […]
Deloitte fined £15M in U.K. for Autonomy audits
The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners Thursday for their audits of the software company Autonomy prior to its acquisition by Hewlett-Packard, fining the firm a record penalty of £15 million ($19.4 million). The audits were for financial statements between Jan. 2009 and June 2011. Along with the fine, […]
New bill would give tax breaks for training employees not to spread coronavirus
Rep. Pete Olson, a Republican from Texas, has introduced a bill that would offer tax incentives to employers who train workers about best practices for reducing the spread of COVID-19 in the workplace. H.R. 8260, The Businesses Preparing for a Better Tomorrow Act, would provide a payroll tax credit for expenses used for qualified workplace […]
QuickBooks Desktop 2021 updates respond to new COVID realities
QuickBooks Desktop updates for 2021 center around the theme of automation, based on top requests from users. Despite the COVID-19 pandemic, QuickBooks Desktop usage continues at pace via cloud hosting and other remote solutions, Intuit reports. There has been a rise in customer requests for help with finding remote hosting solutions, Rachna Arya, product manager […]
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