Accounting
Emburse and Finexio Partner for B2B Payments
The partnership offers Emburse customers an innovative solution to long-standing AP challenges in the $125+ trillion B2B payments market.
Isaac M. O'Bannon
Managing Editor
isaac.obannon@cpapracticeadvisor.com
Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies.
Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Email: isaac.obannon - @ - cpapracticeadvisor.com
Read more
Small Business
Mid-Market Optimism Hits Pre-Covid Record Highs
Optimism among mid-market business leaders has rebounded to pre-COVID levels, with a record 71% of leaders optimistic about the next 12 months.
Accounting
Avalara Adds Generative Chat to Bolster Support and Product Experiences for Customers and Partners
With Avi, customers save time by receiving faster answers to their product questions, assistance troubleshooting common issues, and directions on additional resources when they need more help.
Taxes
AICPA Offers Comments to IRS on Domestic Content Bonus Credit Requirements
Per the interim guidance, to qualify for the DCBC, customers will need to know the exact amount of the manufactured product and components costs and which components are domestically produced.
Payroll
Teens Want Financial Literacy Courses
68 percent of teens would "likely" take a class on financial literacy (money management, personal finance) if offered to them, yet only 31 percent say they have access to these kinds of courses in school.
Accounting
Organizations Look to Internal Audit Teams as Risk Increases
The study revealed that these expanding expectations are coming at a time when Internal Audit has limited bandwidth for advisory-related services — and increasing risk demand and insufficient risk management capacity are creating a risk coverage gap for the business.
Small Business
Pending Home Sales Rose 4.8% in June
All four U.S. regions posted monthly gains in transactions. Year-over-year, the Northeast, Midwest and South registered declines, while the West increased.
ESG
BDO USA Releases Its 2023 Sustainability Report
The report highlights the firm’s efforts to integrate sustainability across its business through strategies that improve resilience, enhance inclusivity and encourage accountability.
Taxes
More than 1,000 IRS Employees Were Delinquent or Noncompliant on Their 2023 Income Taxes
Between October 1, 2021, and April 1, 2023, the IRS closed 1,175 cases with disciplinary actions, for 1,068 current employees, with confirmed tax noncompliance issues.
Accounting
60% of CFOs Say Their Organizations are Ready to Implement and Work With AI, but Only 35% are Using AI in Finance
The report also notes a significant focus on business continuity and resilience, with 59% of finance executives prioritizing these areas in 2024, up from 51% in 2023 and 40% in 2022.
Accounting
Airwallex Partners with Float for Bill Payment Automation for Canadian Businesses
Float’s Bill Pay product, powered by Airwallex, introduces payouts – including bank transfers, EFT, wire, and ACH – as part of Float’s unified business finance platform for Canadian companies.
Accounting
Wolters Kluwer Acquires European Tech Portfolio, Including CodaBox, ClearFacts, Clearnox, Zoomit, and Flowin
Wolters Kluwer Tax & Accounting has signed an agreement with Belgian fintech company Isabel Group to acquire its accountancy portfolio of cloud-based financial workflow and data exchange solutions for €325 million in cash.