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Treasury Secretary Steven Mnuchin attempted to salve worries about the federal government’s partial shutdown amid concerns about a tanking stock market and the start of tax season. “We continue to see strong economic growth in the U.S. economy with robust activity from consumers and business,” Mnuchin said in a statement Sunday. “With the government shutdown, […]
While electronic payments in the business world have certainly been on the rise in recent years, 2019 will see a big uptick in adoption. The consumer payments space has already embraced electronic payments in favor or cash and checks widely; but now, according to a Bill.com survey, businesses are catching up. Respondents to the survey, […]
A benefit of writing these columns is the emails and calls I get from colleagues who share what they are doing. Here are some of their comments: • Remaining small makes it easier to control my staff and know what they are always doing. • Because I always know what my staff are doing, I […]
PKF O’Connor Davies, New York, announced the establishment of a formal governance committee, supporting the firm’s commitment to high standards of quality and objectivity, and with duties that include recommending members for the executive committee and advising committee members. The committee will lead by partner Thomas Blaney, serving as chair. Friedman, New York, launched a […]
CLA donates nearly 500 children’s bicycles and helmets Just in time for the holidays, Top 100 Firm CliftonLarsonAllen has donated nearly 500 children’s bicycles and helmets across its 110 offices throughout the country via Toys for Tots and other charitable organizations. “CLA exists to create opportunities for our clients, our people and our communities. We […]
The Educational Foundation of the Kansas Society of CPAs has announced the 2018 recipients of its general graduate scholarships, undergraduate scholarships, and faculty grants. The KSCPA annually offers 14 student scholarships – seven for graduate students and seven for undergraduates. Scholarships are awarded to top accounting students at Kansas Board of Regents universities, as well […]
The International Auditing and Assurance Standards Board has announced that it is continuing its search for a new chair, calling for qualified, senior applicants from around the world to apply by Jan. 31, 2019. The IAASB, supported by the International Federation of Accountants, seeks a new chair to replace Arnold Schilder, whose has overseen the […]
Photo: PCAOB The Public Company Accounting Oversight Board adopted a new standard to enhance the requirements that apply when auditing accounting estimates, including fair value measurements, and also adopted amendments to its auditing standards regarding specialists. The new estimates standard replaces and streamlines three standards into one single, uniform standard updating the approach to auditing […]
Courtesy of GASB The Financial Accounting Standards Board proposed an accounting standards update aimed at making it easier for nonprofits to account for goodwill and measure some intangible assets. The proposed ASU builds on recommendations that the Private Company Council had made to FASB in 2014 to reduce the cost and complexity of accounting for […]
Wolters Kluwer Tax Accounting in North America has announced that its CCH Axcess Financial Prep software now integrates with Xero’s accounting software. The integration uses Xero’s programming interface to allow client data to flow directly to CCH Axcess Financial Prep, removing the need for manual export or import. This news comes in time for tax […]
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