Latest Articles

July 17, 2017 

The National Retail Federation is asking the U.S. House of Representatives' tax-writing committee to consider small retailers and their employees when reforming the nation’s tax code, saying they would suffer more than large companies under a ...

July 16, 2017 

With consumer confidence rising and more young people in school, back-to-college spending is expected to hit an all-time high this year while back-to-school spending is expected to see its second-highest spending level on record, according to the ...

July 16, 2017 

Retail sales in June were mostly unchanged over May on a seasonally adjusted basis, but up 3.2 percent unadjusted from June 2016, according to calculations released by the National Retail Federation. The numbers exclude automobiles, gasoline stations and

July 16, 2017 

Financial and payment professionals do not anticipate any respite from cyber fraud and cyber attacks in the near future, according to a recent survey conducted by TD Bank, America's Most Convenient Bank. An overwhelming 91 percent of respondents ...

July 16, 2017 

The legislation establishes the Office of Tax Appeals (OTA) and the California Department of Tax and Fee Administration (CDTFA) to conduct these functions. The transfer of authority to CDTFA to administer several taxes, including sales taxes ...

July 16, 2017 

Autonomous vehicle technology could shrink the auto insurance sector by 71 percent or $137 billion by 2050, according to new research by KPMG, titled The Chaotic Middle: The Autonomous Vehicle and Disruption in Automobile Insurance. KPMG has extended ...

July 16, 2017 

Venture capital (VC) investment rose substantially with $21.8B invested contributing significantly to the global resurgence, according to Venture Pulse, a quarterly report on global VC trends published by KPMG. Activity suggests that investment may be rebounding from the 11 quarter low experienced in Q4’16. “Venture capital invested has improved this quarter, with a significant number...…

July 16, 2017 

The Financial Accounting Standards Board (FASB) has issued an Accounting Standard Update (ASU) that simplifies the accounting for certain financial instruments with down round features—a provision in an equity-linked financial instrument (or embedded ...

July 16, 2017 

The Governmental Accounting Standards Board (GASB) has issued guidance that establishes a single approach to accounting for and reporting leases by state and local governments. This single approach is based on the principle that leases are ...

July 13, 2017 

Research has found that 87% of small companies want cloud-based services, yet less than 15% of the accounting software that serves them is cloud-based. In other words, there’s huge demand from businesses, including practices like yours as well as the clients you serve, for cloud accounting solutions. Regardless of if your practice has fully embraced,...…

July 13, 2017 

When it comes to accounting software, desktop software has served accountants and bookkeepers well and will continue to do so for quite some time. However, just as other professions have already done, accounting and bookkeeping is moving to the cloud.

July 13, 2017 

Ernst & Young LLP has acquired the Family Enterprise Business Services (FEBS) practice of Headwaters SC, LP (HWSC). James C. Bly, Jr., the founder and CEO of HWSC, has joined Ernst & Young LLP where he will serve as an Executive Director.