Latest Articles

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.

July 13, 2017 

More than 550 employees, including 70 partners, took part in the Days of Service on May 31, June 7 and June 14. Participants spent the day at more than 30 community and non-profit programs in New York City, Long Island, New Jersey, Maryland, ...

July 13, 2017 

Work Orders is available as a mobile application for iPads and Android tablet devices and as a standard module in the AccuFund Accounting Suite. Work Orders provides municipalities, state governments and nonprofit agencies, including their internal ...

July 12, 2017 

Under the IRS system, anyone who prepares, or helps someone else prepare all or substantially all of a federal tax return, a claim for a refund or some other federal form in return for compensation must have a valid PTIN. For 2017, the fee was set at $50.

July 12, 2017 

In January 2017, 40 states and jurisdictions across the country raised the minimum wage for small businesses. For many of those states, this increase is just the first step in a bigger plan to boost the minimum wage to $15 per hour within the next ...