Accounting April 17, 2026
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July 17, 2017
Zoho Inventory Management
July 17, 2017
Small Retailers Say Border Tax Could Cost Jobs
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
Back to School Spending Expected to Hit $83.6 Billion
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 Up 3.2%
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
Cyber Threats Becoming Plague for Financial Professionals
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
California Creates Two New State Tax Agencies
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
Will Self-Driving Cars Lower Insurance Costs?
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 on Rebound: Nears Highest Level in 10 Years
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
FASB Issues Accounting Standard Update for Equity-Linked Financial Instruments
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
GASB Sets Single Approach for Lease Financial Reporting
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
Building an Unbeatable Service: What Every Accountant Needs to Know
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
The Benefits of a Hybrid Accounting Solution for Accountants and Bookkeepers
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.