Accounting
Latest News
Treasury, IRS Issue Guidance on Long-Term, Part-Time Employees in 403(b) Plans
Wolters Kluwer Provides Insights Into 2024 Natural Disaster Tax Relief Options
AICPA Submits Comments Regarding ‘Once Out, Always Out’ Pillar 2 Rule
IRS Proposes Regs to Exempt Tribal-Owned Companies From Income Tax
Invoiced and CollBox Partner to Supercharge A/R Collections
Invoiced, an accounts receivable automation platform, and CollBox, a bookkeeping-integrated application that lets businesses collect on past due invoices, have announced a new integration that makes it virtually effortless to transmit overdue invoices to CollBox’s network of vetted collection agencies. While most Invoiced customers are able to get paid faster and significantly reduce bad debt, […]
Are Banks Afraid of Payment and Money Transfer Apps?
There were also signs of worry from bankers about increased competition from the fintech sector. More than three-fourths (76%) of bank respondents said they fear new payment and money transfer platforms, like ApplePay, PayPal, Stripe, and Venmo, ...
Business Execs Optimistic on U.S. Economy, but Coronavirus Concerns Grow
Business executives’ outlook for the U.S. economy rose sharply in the past quarter, but concern is clearly growing about the potential global fallout from the spread of coronavirus, according to the first-quarter AICPA Economic Outlook Survey.
The Emotional Stress of Elder Fraud Outweighs Financial Impact: AICPA Survey
Falling victim to fraud is much more likely to have a substantial emotional impact (68 percent) on the elderly than a substantial financial impact (32 percent). And phone and internet scams top the list of ways financial fraud is perpetrated against ...
Xero Offsets 100% of Carbon Emissions, Goes “Net Zero”
As part of an initiative called Net Zero @ Xero - announced in November 2019, Xero has now invested in carbon offset projects by purchasing carbon credits across three separate projects which are recognised under international standards.
U.S. Cannabis Market Expected to Grow to $23.7 Billion by 2023
The cannabis industry is expected to see an increase in sales up to 374% until 2023. In only three years, a rise in demand for CBD-products will most likely result in a turnover of $23.7 billion in the United States.
CFOs Seek Innovative Ways to Bring in New Revenue
Finance professionals are focusing on new ways to add value to their organizations. With a strong stock market, jobs growth, and few signs of slowdown in the economy, always-cautious finance professionals continue to look for ways to adapt and innovate. Among their areas of focus for 2020 are product development, business model changes, systems, and […]
5 Banking Hurdles Faced by Small Businesses
As a founder who has spent most of my career in financial services, I intimately know the unnecessary hurdles that small business owners face when it comes to banking. Whether you’re trying to open a bank account, send payments and transfers, or simply separate your business and personal finances without incurring costly fees, almost everything […]