Acumatica software update responds to new challenges faced by businesses

The update includes a new point-of-sale tool, advanced expense management, and a new, deep integration with Shopify.

Acumatica software update responds to new challenges faced by businesses


Cash-starved cities test new approach to taxing streaming services: franchise fees

As state and local tax forecasts continue to paint a very ugly budget picture, there is little reason to doubt that officials are casting about in search of new sources of revenue.

Cash-starved cities test new approach to taxing streaming services: franchise fees


An audit cycle unlike any other

With the incremental complexities and associated risks this year, companies and auditors cannot afford to fall behind.

An audit cycle unlike any other


Investors call for climate disclosures in company accounts

Money managers and pension funds want companies to publish their 2020 annual reports in line with guidance from the International Accounting Standards Board that calls for incorporating climate-related risks in financial statements.

Investors call for climate disclosures in company accounts


Tax Fraud Blotter: Foul ball

Difficult and complex; $4,000 tax on $2 million; little horse sense; and other highlights of recent tax cases.

Tax Fraud Blotter: Foul ball


N.J. governor, lawmakers agree to raise tax on millionaires

The tax hike will fund rebates for about 800,000 middle-class households.

N.J. governor, lawmakers agree to raise tax on millionaires


Democrats introduce wildfire disaster tax relief bill

A group of Senate Democrats introduced legislation to offer tax relief to individuals, businesses and states affected by catastrophic wildfires and other presidentially declared disasters.

Democrats introduce wildfire disaster tax relief bill


FASB updates nonprofit accounting standards for gifts in kind

The changes would enhance the transparency of how nonprofits report contributed nonfinancial assets.

FASB updates nonprofit accounting standards for gifts in kind


New bill would give tax breaks for training employees not to spread coronavirus

Rep. Pete Olson, a Republican from Texas, has introduced a bill that would offer tax incentives to employers who train workers about best practices for reducing the spread of COVID-19 in the workplace.

New bill would give tax breaks for training employees not to spread coronavirus


Deloitte fined £15M in U.K. for Autonomy audits

The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty.

Deloitte fined £15M in U.K. for Autonomy audits