The recurring theme during many accountant-focused sessions at AICPA Engage, and the profession itself, is that change is not “coming” it is here. During their live session “Navigating the Future: Disruption Map Exercise to Future-Proof Your Firm,” Kacee Johnson, Senior Director of Strategy & Innovation at CPA.com, and Lisa Simpson,
CPA firms are becoming increasingly concerned about clients who have lax cybersecurity in place, making them vulnerable to ransomware attacks like the ones that have been in the news lately. In early July, between 800 and 1,500 businesses around the world were reportedly affected by a ransomware attack centered on
A new module within Botkeeper will provide accountants and firms a unified, faster, more intelligent, and advanced autonomous Accounts Payable (AP) solution integrated with their GL and bill pay systems, all from within the Botkeeper Operating System. Integrating Vic.ai into the Botkeeper Operating System was designed to provide accountants with
The Internal Revenue Service is providing guidance on a provision of the American Rescue Plan Act that provides temporary assistance with COBRA premiums to people who have lost their jobs. Notice 2021-46 offers guidance in the form of questions and answers on issues relating to the application of that provision
If your clients are paying a facility or person to watch their kids this summer, they may be in line for the dependent care credit, commonly called the “child care credit.” What’s more, the new tax law enacted earlier this year—the American Rescue Plan Act (ARPA)—increases the tax benefits. But
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The Financial Accounting Standards Board’s proposed update to its hedge accounting standard could help companies with their risk management, but they will probably need sophisticated hedging expertise to benefit. FASB issued the proposed accounting standards update in May to align a company’s hedge accounting more closely with its risk management
Xero running slow is a common query searched by the users of Xero accounting software on any search engine. Many users state some weird reasons, scenarios for this issue to occur. In the same way, users also try solutions that do work for some but not for everyone. This article
Avalara’s new Managed Tax Category Classification is built to generate classification decisions and aid in state and local taxability determinations for businesses’ U.S. product catalogs. When businesses introduce a new product or service, it must be classified into the correct tax category. With more than 13,000 sales and use tax
Bill.com has inked a deal to buy Invoice2go, an accounts receivable software provider for small businesses. The stock and cash transaction is valued at approximately $625 million. Invoice2Go has offices in Sydney, Australia and Palo Alto, California, giving Bill.com more of a global reach. Already an expert in accounts receivable
