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Sage has completed a universal update to its cloud accounting software Sage One. The updated enables client users to manage physical stock and associate stock with costs. The update was in response to requests from small business customers to help them increase business profitability, Sage reports. Sage One Simple Inventory includes features that help customers […]
The startup Checkbook.io, which provides digital checks, now offers invoice services as well. Checkbook.io was founded three years ago by PJ Gupta, formerly of Visa, who was the chief network architect of the credit card company’s payment network. After he left Visa, he founded Noca, a startup that provided a payment settlement system for Visa, […]
The Trump administration on Friday urged the overhaul of key rules underpinning trading in U.S. stock, bond and derivatives markets, calling on regulators to loosen dozens of restrictions imposed on Wall Street after the financial crisis. The 220-page report written by the Treasury Department lays out a series of recommendations for the Securities and Exchange […]
Tax cuts and deregulation can help the U.S. economy grow faster than the recent pace of about 2 percent, even with unemployment at a the lowest level since 2001, National Economic Council Director Gary Cohn said. “We’ve had a couple good quarters of GDP, but we’re still not on a sustainable level of growth that […]
U.S. online retailers like Amazon.com Inc. stand to gain from the Trump administration’s push to throw open the doors for Canadians and Mexicans to buy American goods duty-free. The U.S. is demanding Canada and Mexico raise the threshold at which duties are applied to purchases crossing the border, according to two people with knowledge of […]
The House took a giant step on the path of tax reform Thursday by adopting a budget resolution for fiscal year 2018 by a 219 to 208 vote. The same day, the Senate Budget Committee advanced its own version by a 12-11 party-line vote. “This puts wind in the sails of tax reform,” said Dean […]
The American Institute of CPAs announced the recipients of the 2017-18 Fellowship for Minority Doctoral Students this week, awarding 27 young professionals a total of $318,000. The annual program aims to boost the number of minority CPAs teaching in classrooms across the country. “One of the best ways to foster increased diversity in the accounting […]
Oh, baby; all in the family; 63 calls to Western Union; and other highlights of recent tax cases. Beaumont, Texas: Shannon Tecoko Mays, 39, has pleaded guilty to federal tax violations and failure to appear for his trial on that charge in early 2015. According to information presented in court, an investigation began in August […]
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