The IRS issued proposed regulations (REG-132766-18) on July 30 related to simplified tax accounting rules for small businesses and updating various tax accounting regulations to adopt the simplified rules enacted by the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, under Secs. 448, 263A, 460, and […]
Accounting
Master QuickBooks and more with an accounting software certification bundle
Products featured here are selected by our partners at StackCommerce.If you buy something through links on our site, Mashable may earn an affiliate commission. This certification bundle includes seven courses on how to use accounting software. Image: pexels By StackCommerceMashable Shopping2020-09-28 16:00:01 UTC TL;DR: Learn to use QuickBooks and other […]
Eddie Stobart returns to profit following accounting scandal
The owner of trucking business Eddie Stobart has returned to profitability and put an accounting scandal that rocked the business behind it, the company said. GreenWhiteStar Acquisitions (GWSA), the holding company of Eddie Stobart, said the haulier had benefited from the pandemic as demand from customers increased. The business added […]
John Finnucan Appointed Chief Accounting Officer at Fisker Inc.
Fisker Inc. (Fisker) – designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions – today announced the appointment of John Finnucan as chief accounting officer, effective immediately. “With Fisker Inc. in the process of transition to a publicly traded company, trust in our plans, […]
CAG moots probe over cess accounting dodge
Auditor wants officials investigated for incorrectly recording ₹10,250 cr. of additional duties on fuels as non-tax receipts The Comptroller and Auditor General (CAG) of India has mooted an investigation against the Central government’s accounting officials for incorrectly recording ₹10,250 crore of cess receipts from additional excise duties on petrol and […]
Amidst the Pandemic, U.S. Churches Increase Online Church Accounting Software Investment
HOUSTON, Oct. 7, 2020 /PRNewswire-PRWeb/ — AcctTwo, one of the nation’s leading providers of online church accounting software and nonprofit financial services, today reports that the U.S. church sector has accelerated investments in financial and accounting solutions in 2020 in response to the COVID-19 pandemic. AcctTwo has increased its church clients […]
SAExploration Accused of Accounting Fraud
The Securities and Exchange Commission has filed civil charges against SAExploration Holdings, a publicly traded seismic data acquisition company based in Houston, over an alleged multi-year accounting fraud that falsely inflated the company’s revenue and concealed the theft of millions of dollars. In a complaint filed in the Southern District […]
No Prison For Ex-KPMG Exec Who Misused Accounting Info
Law360, New York (October 9, 2020, 5:56 PM EDT) — Former KPMG executive David Britt avoided prison for using poached information from a financial watchdog, but a Manhattan federal judge Friday ordered the former boss of the audit giant’s banking and capital markets group to serve six months of home […]
FASB proposes to simplify revenue recognition for franchisors
The Financial Accounting Standards Board released a proposed accounting standards update Monday to offer a practical expedient to the current revenue recognition rules for franchise businesses to help them analyze some activities when determining their performance obligations in a franchise agreement. When a franchisee business owner opens a new branch […]
39 states lack the money to pay bills for COVID-19
At least 39 states did not have enough money to pay all of their bills at the end of 2019, leaving them ill-prepared to shoulder the costs of the novel coronavirus pandemic, according to a new report. The report, from Truth in Accounting, a think tank that analyzes government financial […]
Artificial Intelligence in Accounting Market Growing at a CAGR 48.4% | Key Player Microsoft, AWS, Xero, Intuit, Sage – Press Release
“Microsoft (US), AWS (US), Xero (New Zealand), Intuit (US), Sage (England), OSP (US), UiPath (US), Kore.ai (US), AppZen (US), YayPay (US), IBM (US), Google (US), EY (UK), Deloitte (US), PwC (UK), KPMG (Netherlands), SMACC (Germany), OneUp (US), Vic.ai (US), Hyper Anna (Australia), Botkeeper (US), MindBridge Analytics (Canada), and Bill.com (US).” […]
Learn all about financial accounting from an actual CPA for only $45
Get a solid understanding of business finances through 8 online courses. Greta Good, Stack Commerce Published 11:50 am PDT, Wednesday, September 23, 2020 Learn all about financial accounting from an actual CPA for only $45 Perhaps you are looking to start a business with a set budget, have a small business […]
Three Anchin Professionals Named to Crain’s New York Business 2020 List of Notable Women in Accounting and Consulting | News
NEW YORK, Oct. 8, 2020 /PRNewswire/ — Anchin, Block & Anchin LLP (“Anchin”), a leading accounting and advisory firm based in New York City, is proud to recognize Lami Ajibesin, Mela Garber and Terry Pissi for being awarded inclusion on Crain’s Notable Women in Accounting and Consulting list for 2020. “These […]
General Electric Gets SEC Wells Notice Amid Insurance Accounting Probe
General Electric shares edged higher Wednesday, largely in-line with broader market gains, as investors reacted to the possibility of legal action linked to a Securities & Exchange Commission probe into some of its accounting practices. © TheStreet General Electric Gets SEC Wells Notice Amid Insurance Accounting Probe GE said Tuesday […]
IAASB approves new quality management standards for auditors
The International Auditing and Assurance Standards Board approved a new and revised set of quality management standards Wednesday for auditors to use around the world, starting at the end of 2022, and firms like KPMG are already gearing up to use them to improve audit quality. The International Standards on […]
Should U.S. Broaden Mandate on Auditor Rotation?
Whither auditor rotation? A perennially contentious issue, it has led regulators in both the U.S. and Europe to require public companies to change auditors periodically – in the E.U. by requiring firms to invite bids from other audit firms after ten years and in the U.S. by mandating rotation after […]
Wolters Kluwer Announces Keynote Speakers for CCH Forward Together Virtual Conference
Wolters Kluwer Tax & Accounting has announced two guest keynote speakers for its 2020 CCH Forward Together (#CCHFT20) virtual conference taking place on October 26-30, 2020. Simon Sinek, a world-renowned author, speaker, and an adjunct staff member of the RAND Corporation, will share his unconventional and innovative views on business […]
Wolters Kluwer Acquires XCM | CPA Practice Advisor
Wolters Kluwer Tax & Accounting has entered into an agreement to acquire XCM Solutions, a cloud-based workflow solutions provider for professional tax and accounting firms. The acquisition offers integration opportunities with CCH Axcess, the cloud-based software suite for professional firms in North America. Wolters Kluwer Tax & Accounting North America […]
Davos group sets new framework for ‘green’ corporate reporting
FILE PHOTO: Power-generating windmill turbines are seen at a wind park in Flesquieres near Cambrai, France March 3, 2020. REUTERS/Pascal Rossignol BOSTON (Reuters) – Top accounting firms and the World Economic Forum were scheduled to release on Tuesday key metrics for companies to use when reporting on their environmental, social […]
Global “Cloud Accounting Software” Market 2020 Segmentation, Demand, Growth, Trend, Opportunity and Forecast to 2025 – Press Release
“Cloud Accounting Software Market 2020-2025:” Wiseguyreports.Com Adds “Cloud Accounting Software – Market Demand, Growth, Opportunities, Manufacturers and Analysis of Top Key Players to 2025” To Its Research Database. Updated Research Report of Cloud Accounting Software Market 2020-2025: Overview According to this study, over the next five years the Cloud Accounting Software market […]