ESG July 31, 2024
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 July 30, 2024
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 July 30, 2024
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 July 30, 2024
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 July 29, 2024
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.
Accounting Standards July 29, 2024
Growth Seen in Pilot Program that Reduces Barriers to Finishing CPA Licensure Education Requirement
A program designed to ease attainment of the final 30 hours of the education requirement for CPA licensure has expanded since it began offering online courses last semester.
Small Business July 28, 2024
First-Party Fraud Costs $100 Billion Per Year
First-party fraud occurs when the legitimate holder of a credit card disputes a purchase they truly did make, but reports the transaction as an unauthorized purchase.
Small Business July 25, 2024
Local Governments are Addicted to Sales Tax Revenues
The 2024 Mid-Year Sales Tax Rates and Rules report, commissioned by Vertex Inc., outlines the evolving landscape of local tax implementation, proliferation of fees, and increasing complexity of tax compliance for businesses across the U.S.
Accounting July 25, 2024
Uncertainty and Global Risks Outpace Risk Management Processes
Only a third (37%) say their organizations have complete enterprise risk management (ERM) processes in place, and just over a quarter (30%) rate their organizations overall risk management oversight as “mature” or “robust.”
Accounting July 25, 2024
Acumatica Launches Alliance Program to Expand Partner Ecosystem
Organizations eligible to become Alliance Members are those focused on helping companies grow and succeed in an evolving business landscape.
Payroll July 24, 2024
U.S. Military Households More Likely in Better Financial Situation Than Non-Military Households
Also, military households with higher incomes are more likely to be confident about retirement prospects than non-military households.
Sales Tax July 22, 2024
KPMG and Avalara Form Alliance for Tax Compliance Automation
The new alliance allows organizations to leverage the combined power of Avalara’s compliance automation technology – including indirect tax calculation, returns, exemption certificate management, cross-border compliance, e-invoicing, and registrations.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
