Accounting
Latest News
Report Says Undocumented Immigrants in U.S. Pay Nearly $100 Billion in Taxes
Emburse and Finexio Partner for B2B Payments
How Generative AI Will Disrupt Accounting
Mid-Market Optimism Hits Pre-Covid Record Highs
National Society of Accountants Announces 2014 Scholarship Winners
A total of 33 students have earned scholarships from the National Society of Accountants (NSA) Scholarship Foundation. Together, they will receive $34,450 in scholarship awards.
Weekly Jobless Claims Near Lowest in 7 Years
Initial jobless claims fell to near a seven-year low last week in a sign of continued improvement in the labor market.
Mortgage Rates Rise Slightly on Jobs Report
Mortgage rates increased slightly following an improved jobs report from the Labor Department, according to mortgage news and comparison site, Bankrate.com. the benchmark 30-year fixed mortgage rate rising to 4.31 percent, and the average 30-year fixed mortgage has an average of 0.33 discount and origination points.
Small Business 401(k) Plans: Not a Nightmare Anymore, But No Fairytale Either
Once upon a time, an entrepreneur with just a handful of employees wouldn’t even think about starting up a 401(k) plan for the business. The administrative costs, as well as the complexity, could turn into a nightmare. But costs have come down in recent years and now the 401(k) is a viable vehicle for an employer of virtually any size.
Accounting Innovators Share Life, Business Lessons in New Web Series
A new leadership offering is giving professionals the chance to learn the personal stories—the defining moments and motivating factors—behind the success of some of the top CEOs, entrepreneurs, and thought leaders in the accounting software field.
How to Make the Cloud Transition a Priority
Many executives are either hesitant to make the transition to the cloud or they have it buried under a twenty-page to-do list. Ironically, moving to a cloud-based phone system has the potential to shorten that list immensely. Switching to the cloud provides a secure and effective means of scaling for seasonal spikes. Cloud-based communication systems can also help accounting firms scale year-round.
FASB Seeks Changes to Simplify GAAP
As part of a new initiative to reduce complexity in accounting standards, the Financial Accounting Standards Board (FASB) has added two short-term projects to its agenda to simplify Generally Accepted Accounting Principles (GAAP).
PCAOB Settles Suit Against Former Big 4 Accountant
Alleged violations involved ignoring or failing to properly address signs of improperly recognized revenue in significant unusual transactions.