Accounting September 21, 2023
Partners at PwC in Australia Brace for Pay Cut as Tax Scandal Hits Profit
The Big Four firm will cut partner pay by 30% next year following the tax document leaking scandal that wiped out profit for 2023.
Technology September 16, 2023
Lessons From the Tech World that Apply to Accounting Firms
The more we can learn from each other and leverage different business strategies the stronger we’ll all be in the future.
Taxes September 14, 2023
IRS Temporarily Stops Employee Retention Credit Processing
A rash of bogus ERC claims in recent months has prompted the IRS to put the program on hold through at least the end of 2023.
September 14, 2023
Projected 2024 Income Tax Brackets
This year’s report projects that several key deductions for taxpayers will see notable year-over-year increases, with the foreign earned income exclusion ...
Accounting September 13, 2023
BlackLine Launches AI-Powered Inter-Company Accounting Features
BlackLine’s Intercompany Predictive Guidance uses artificial intelligence, built upon a machine learning model, to analyze an organization’s transactional data.
September 13, 2023
Economists Say Economy Making Progress, While Businesses Slow on Hiring
A recent report shows companies added 177,000 workers this month, the smallest advance since March, according to the ADP Research Institute.
Payroll September 13, 2023
Over the Last Few Months, Wages Are Rising Faster Than Inflation
Pay is beginning to catch up in the race, and since May, has been rising faster than inflation after losing ground for more than two years.
Firm Management September 13, 2023
EY Falls Just Shy of $50 Billion in Global Revenue for 2023
The Big Four firm said it invested $1.4 billion in AI in 2023, including launching a new AI platform, EY.ai, and a large language model.
Taxes September 13, 2023
Avalara AvaTax for SAP Solutions Are Now SAP Endorsed Apps Available on SAP Store
SAP Endorsed Apps are premium certified by SAP with added security, in-depth testing, and measurements against benchmarks results.
Payroll September 12, 2023
Kansas Business Owner Pleads Guilty to $2.2 Million Employment Tax Scheme
A Kansas woman pleaded guilty on Sept 1, 2023, to willfully failing to account for and pay over employment taxes to the IRS.
September 12, 2023
Small Business Owners Worried About Access to Financing
Some business leaders are worried that higher capital requirements will lead to reduced lending and credit access for households and consumers.
Small Business September 12, 2023
Retail Economist Sees Economy Expanding, But with Slower Momentum
The Bureau of Economic Analysis now estimates that gross domestic product grew at a 2.1% annual rate adjusted for inflation in the second quarter.