Accounting

Chargebee updates subscription management software, adds integrations Chargebee, which makes a subscription management platform, has released its Fall 2019 software updates. Subscription-based software is on the rapid rise, especially with preference amongst accountants and their clients moving from on-premise software to Cloud. The new updates from Chargebee include support for complex quote-to-cash workflows, and for
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Companies lack adequate anti-fraud staff and resources and are seen as more likely to fall prey to fraud than in the past, according to a new report. The report, released Thursday by the Association of Certified Fraud Examiners at a Fraud Risk Management Summit in New York, polled 886 ACFE members and found that 49
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Ahh, National Boss’s Day. Every October 16, workers across America take time out of their busy day to say thanks to their fearless leaders. What do you think your staff would say about you if they’re honest? What would you say about you? Successful people are notorious for “managing to the horizon” — i.e., looking
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The Financial Accounting Standards Board voted Wednesday to approve proposals to delay the effective dates of its leases, credit losses, hedging and long-duration insurance contract standards. FASB issued proposals in August to defer the effective dates of those standards, particularly for private companies, nonprofits and small public companies, to give them more time to implement
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The IRS has selected nine new members for its Electronic Tax Administration Advisory Committee. The committee’s aim is to prevent identity theft and refund fraud in support of paperless filing of tax and information returns. ETAAC members work closely with the Security Summit, a joint effort of the IRS, state tax administrators and the tax
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As you read the intro to this article, you might start to question where I’m going with all of this as I dig into the business model of coffee shops. But bear with me: I have a point — a crystal clear point to make. As a dedicated coffee drinker, I’m a frequent patron of
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The Securities and Exchange Commission has named Rebekah Goshorn Jurata, a special assistant to the president for financial policy on the White House’s National Economic Council, as a new board member at the Public Company Accounting Oversight Board, replacing Kathleen Hamm, whose short partial term expires this month, even though Hamm had expressed interest in
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Everybody out of the Pool; dying Embers; the House falls; and other highlights of recent tax cases. Middletown, Connecticut: Eugene Carlin, 59, has been sentenced to 18 months in prison, to be followed by three years of supervised release, for drug trafficking and tax offenses. In July 2018, police searched Carlin’s residence and seized approximately
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The IRS has issued additional guidance on common questions regarding the tax treatment of a cryptocurrency hard fork (when a single cryptocurrency splits in two). A new set of FAQs also addresses virtual currency transactions for those who hold it as a capital asset. Some taxpayers with virtual currency transactions may have failed to report
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Cloud computing has not only transformed how businesses and people conduct their daily activities, it has also clouded the landscape for taxing such technological advancements. In 1998, the same year Google was founded, the Internal Revenue Service finalized the regulations governing the taxation of cloud computing transactions. With a reboot so clearly overdue, the IRS
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Thomson Reuters has released Checkpoint Engage PCR (preparation, compilation and review), a new product in its Checkpoint suite of research and guidance products. Checkpoint products engage an editorial team made up of accounting, legal and other experts to write guidance and create engagement templates. Checkpoint Engage PCR, which is a web-based solution, is designed to
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Payroll processors are anticipating closer scrutiny after a high-profile scandal involving MyPayrollHR, a Clifton Park, New York-based company that suddenly collapsed last month after its CEO reportedly absconded with $35 million in payroll and tax withholding deposits for its customers, prompting paycheck deposits to briefly disappear from the bank accounts of employees who work at
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WithumSmith+Brown is commemorating the passing of one of the CPA firm’s founders, Fred Withum, who died Sept. 30, 2019 — a day before his 85th birthday. Withum and his partners founded the firm in 1974 with six employees in a small office in Milltown, New Jersey. The firm is now headquartered in Princeton and has
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