Technology February 9, 2026
Botkeeper is Closing Its Doors
In a statement posted on the Botkeeper website over the weekend, Enrico Palmerino wrote that the automated bookkeeping platform he founded in 2015 is shutting down.
December 9, 2019
IRS Interest Rates to Stay the Same for Q1 2020
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
December 9, 2019
AICPA Recommends OECD’s Pillar Two GloBE Tax Be Applied Only to Large Multinationals
The Association suggests the GloBE tax be applied only to large multinational enterprises (MNEs) to focus tax administrators’ resources on taxpayers that have the potential ability to generate material base-erosion or base avoidance transactions.
December 9, 2019
Friedman Acquires Long Island Accounting Firm Markowitz, Fenelon & Bank
The top 40 accounting firm Friedman LLP, has acquired the Eastern Long Island, New York, practice of Markowitz, Fenelon & Bank (MFB), January 1, 2020. The merger will expand Friedman's presence on Long Island through the addition of MFB's Bridgehampton...
December 6, 2019
In Firm: 2020 IT Predictions and 2019 Results
With technology evolving at an increasingly breakneck pace and impacting literally every aspect of today’s accounting practice, it has never been more difficult to separate the tech hype from the reality of workable solutions.
December 6, 2019
Auditors Can Bring Trust, Confidence, and Reliability to Unaudited Corporate Reporting
Today, the role of auditors is largely limited to the audit of financial statements—the bedrock foundation for financial information reported by companies—and audits of internal control over financial reporting (ICFR).
December 6, 2019
IRS Issues Final Regs on Foreign Tax Credit
Additionally, the TCJA changed how taxable income is calculated for purposes of the Foreign Tax Credit limitation by disregarding certain expenses and repealing the use of the fair market value method for allocating interest expense.
December 6, 2019
Weave Launches Full-Scale Payments Platform for Service Businesses
The Weave Payment platform combines the power and convenience of Text to Pay with the ease and efficiency of the Weave Payments credit card terminal and virtual terminal. Text to Pay is a powerful, convenient feature that allows businesses to collect ...
December 6, 2019
Forms W-2, W-3 Due by Jan. 31, 2020
Certain Forms 1099-MISC, Miscellaneous Income, filed with the IRS to report non-employee compensation to independent contractors are also due at this time. Such payments are reported in box 7 of this form.
December 6, 2019
BDO Network Announces FY19 Global Revenue of $9.6 Billion
BDO, one of the world’s leading global networks of independent public accounting firms, today announced its global revenue for all BDO Member Firms (including the exclusive members of Member Firms’ Alliances) at $9.6 billion for the fiscal year ended Sept
December 6, 2019
Stop Leaving Money on the Table with Captive Insurance
One of the ways to set yourself apart as a CPA is to help your clients (and prospective clients) keep money “in play.” Keeping money in play is critical, so it’s important that CPAs have a working knowledge of strategies that help clients preserve ...
December 6, 2019
Business Execs Lower Revenue and Profit Forecasts
Profit growth over the next 12 months is now expected to be 2.7 percent, down from 2.8 percent last quarter and significantly below the outlook of 4.3 percent a year ago. Similarly, 12-month revenue growth expectations dropped a tenth of a percentage ...
December 6, 2019
Stronger Passwords Can Protect Against Tax Identity Theft
The idea behind multi-factor authentication is that a thief may be able to steal usernames and passwords, but it’s highly unlikely they also would have access to the mobile phone to receive a security code or confirmation to actually complete the ...