Accounting

July 29, 2020 

The decision marks a major commitment to the Canadian market and Xero’s accelerating investments in North America. Xero will hire product and technology specialists across its cloud accounting platform starting with global Payments, Billing and ...

July 29, 2020 

Vertex, Inc., which has filed for an initial public offering scheduled for this week, has announced the pricing of its initial public offering of 21,150,000 shares of Class A common stock at a price to the public of $19.00 per share. Vertex is a provider of tax technology and services. In addition, Vertex and certain...…

July 27, 2020 

Business valuations are forward-looking and there are multiple approaches to them. An income approach to valuation applies an opportunity cost of capital to an expected future benefit stream, such as cash flows or net income ...

July 27, 2020 

The series LLC allows business owners to divide multiple investments and debts and to operate each LLC as a separate entity with its own name, bank account, and recordkeeping. Under the master LLC, each separate entity can ...

Nellie Akalp

July 27, 2020 

The National Retail Federation is applauding legislation introduced by Congress that would give small businesses new coronavirus pandemic assistance that could be used to pay expenses such as rent and taxes rather than just employee wages.

July 27, 2020 

The new FASB accounting standard on Long-Duration Contracts makes targeted improvements to the existing recognition, measurement, presentation and disclosure requirements for long-duration contracts issued by an insurance company. FinREC and the ...

July 27, 2020 

Novel or transformative? The latter best describes the trajectory of robotic process automation (RPA). A May 1, 2018 article in Forbes Magazine written by Patrick Taylor stated that corporate finance teams spend about 80 percent of their time gathering, verifying, and consolidating data, leaving only about 20 percent for higher-level tasks like analysis and decision making. While...…

July 24, 2020 

We have all experienced an unprecedented crisis. But what if you could help your firm actually emerge stronger in the long run? The truth is, not only can you bounce back, but you can thrive for years to come – if you take this as a wake-up call to reinvent your practice. In this free...…

July 23, 2020 

Instead of a payroll tax cut, the GOP will now back $1,200 checks for individuals who make up to $75,000 a year, exactly as in the March stimulus bill. Mnuchin said that would get money into the economy faster than cutting the payroll tax, which would ...

July 22, 2020 

Payment errors take up an inordinate amount of AP (and AR) time—about 20-30 minutes total per error, by our estimate. This is time spent that adds absolutely no value. In fact, it’s a drain on the bottom line.

July 22, 2020 

With more than $9 trillion spent by governments globally on fiscal interventions in the past three months, the effect of the pandemic on public finances will be both immediate and long-lasting.

July 22, 2020 

The CEOs of 28 state CPA societies have sent a letter to congressional leadership urging them to pass legislation that would close a projected collective budget gap of $555 billion that states and local governments face in this fiscal year and ...