Accounting
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How Generative AI Will Disrupt Accounting
Mid-Market Optimism Hits Pre-Covid Record Highs
CLA Acquires Axiom CPAs in New Mexico
Pennsylvania High Court to Consider Case on Pittsburgh’s ‘Jock Tax’
N.Y. Town Clerk Accused of Embezzling $117K
New York state police, based on information developed by a state comptroller's audit, have arrested a former clerk/treasurer of the now-dissolved village of Altmar, Oswego County, and charged her with embezzling $117,615 in village funds.
Autonomy CEO Says HP is Misleading Investors
In a sharply worded letter released Wednesday, Mike Lynch, former chief executive of Autonomy, has accused Hewlett-Packard of misleading shareholders about the accounting problems it claimed to have uncovered at the British company it acquired in 2011.
Report Shows Increased Risk Management Challenges
Internal business changes intended to address dynamic market shifts have created a more complex risk landscape for businesses around the globe. Compounding this problem, according to the PwC US Risk in Review report, “Re-evaluating how your company addresses risk,” is that traditional risk management systems have not evolved fast enough to monitor, track and manage today’s intensified risk climate.
SBA to Award Grants to Support Small Biz Innovation and R&D
The U.S. Small Business Administration (SBA) has announced a new grant program that will help state and local economic development agencies, business development centers, colleges and universities support small business programs that promote innovation and development.
UltraTax and AdvanceFlow Integration Gives Firms Cloud Tax & Audit Options
ax and accounting software developer Thomson Reuters has announced new integration between its UltraTax CS tax prep software and its AdvanceFlow cloud-based engagement management software.
AICPA Comments on ‘Valuation of Customer-Related Assets’ Exposure Draft
The AICPA's Forensic and Valuation Services Executive Committee submitted a comment letter to The Appraisal Foundation on the second exposure draft of Valuation of Customer Related Assets on February 28. The exposure draft offers guidance for those that are preparing fair value measurements of customer-related assets.
8 Common 1031 Property Exchange Mistakes
A 1031 exchange is a swap of one business or investment asset for another without tax. Right? Sure, but there are very specific rules and conditions and if, like many investors, you make one of these common mistakes, you could be paying a significant penalty.
The Top Industries for Growth in 2014
Just ask the buggy whip manufacturers: When one industry goes into decline, others spring up. And when one prospers, outsiders try to find a way to tap into that success, as well.