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.
August 10, 2016
Fringe Benefit Bonus: 401(k) Plans: Play the Match Game
One of the biggest and best fringe benefits often isn’t technically thought of as a “fringe benefit.” It’s the matching contributions made to a 401(k) plan account by an employer on behalf of participating employees. Witt this add-on, an employee’s ...
August 10, 2016
Improving Economy Makes State NOLs a Top Priority – Bloomberg BNA Study
With economic growth and corporate profitability going hand in hand, many corporate tax departments are starting to look for ways to preserve cash flow and reduce tax liabilities. One key strategy is to take advantage of net operating losses (NOLs). But, because state NOL rules are complex and vary from state to state, managing state...…
August 10, 2016
AICPA Presents Awards for Contributions to Accounting Literature
The AICPA has announced the winners of the Notable Contributions to Accounting Literature Award, presented at the American Accounting Association Annual Meeting. The AICPA-sponsored honor was presented to a team of highly-regarded accounting academic ...
August 10, 2016
Casualty Loss Deduction Collapses in Tax Court
Suppose that your personal residence is substantially damaged and will cost you tens of thousands of dollars to fix. Is the repair cost deductible on your tax return as a casualty loss? It doesn’t always seem fair, but it depends on whether the ...
August 10, 2016
Thomson Reuters Checkpoint Catalyst Adds Guidance on Passive Foreign Investment Companies
The latest topic added to Thomson Reuters Checkpoint Catalyst is Passive Foreign Investment Companies (PFICs), which covers the taxation of U.S. shareholders of passive foreign investment companies. The new coverage helps advisors determine whether ...
August 10, 2016
AICPA and CIMA Add New Competencies to Personalized Learning Site
The American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA) have expanded their professional learning and development website to support all major practice areas in management accounting and public accounting with ...
August 10, 2016
Hirtle Callaghan Names Ranji Nagaswami Chief Executive Officer
Hirtle Callaghan, pioneers of the Outsourced Chief Investment Officer (OCIO) model, announced today that Ranji Nagaswami, a distinguished investment industry executive and thought leader, has been named Chief Executive Officer to further strengthen the ..
August 9, 2016
Accounting Firms Rank As Most Profitable Profession
Which industries are the most lucrative? The answer depends on how it’s measured, but based on pre-tax net profit margin, the top money-makers include specialty service providers in accounting, law, health care and real estate, according to the latest ...
August 9, 2016
CPAs Honored for Work in Government Roles
The AICPA also has presented Paul Curtis, CPA, of Waldorf, Md., with the 2016 Outstanding CPA in Government Impact Award at the federal level and Kristen Scalise, CPA, CFE, of Green, Ohio, with the 2016 Outstanding CPA in Government Impact Award at the lo
August 9, 2016
The Procrastinator’s To-Do List
Most people procrastinate. It’s in our nature to have ebbs and flows of productive time, the time when we can really dig in and get our projects completed. I contend that procrastination is in the eye of the beholder. After all, think about how your ...
August 9, 2016
Donald Trump Revises IRS Tax Reform Plan
Trying to reclaim some momentum in his presidential election campaign, Donald Trump, the Republican candidate, is tweaking his tax plan. In a far-ranging speech on economic policies on August 8, Trump proposed cuts in individual tax rates, although not as drastic as in previous proposals. The billionaire also advocated tax reforms in line with the...…
August 9, 2016
Why Your Firm Should Partner With A Cloud Consultant
Cloud has become a primary component in the evolution of information technology, especially when considering online accounting.