Wirecard’s future in doubt after revealing missing $2.1B

Wirecard suffered one of the worst stock slumps in the history of Germany’s benchmark index after revealing that about 1.9 billion euros ($2.1 billion) in cash has gone missing, spooking investors who have endured years of allegations of wrongdoing at the payments company.

Wirecard’s future in doubt after revealing missing .1B


U.S. has pulled out of global digital tax talks, Lighthizer says

Treasury Secretary Steven Mnuchin withdrew the U.S. from international talks over a digital tax deal after failing to reach an agreement with countries looking to place levies on the revenue of American tech companies, U.S. Trade Representative Robert Lighthizer said.

U.S. has pulled out of global digital tax talks, Lighthizer says


PKF North America combines advisory practices of six firms

PKF North America is uniting the transaction advisory and valuation practices of six of the firms in the PKF International network and forming PKF Advisory LLC, giving the independent firms more combined clout in the competitive consulting market.

PKF North America combines advisory practices of six firms


BDO merges in PBTK

BDO USA, a Chicago-based Top 10 Firm, has added Piercy Bowler Taylor & Kern, CPAs, a firm based in Las Vegas, expanding BDO’s presence in Nevada and Utah.

BDO merges in PBTK


AICPA names 2020 Outstanding Young CPA Award recipient

Joseph Rugger, an accounting director and profit consultant at Tooth & Coin, received the ninth annual award honoring the memory of Maximo Mukelabai.

AICPA names 2020 Outstanding Young CPA Award recipient


How a life settlement can help a client during a pandemic

Amid the economic crisis, many people are looking for sources of cash and can no longer afford their insurance premiums.

How a life settlement can help a client during a pandemic


SBA and Treasury streamline PPP loan forgiveness applications

The Small Business Administration and the Treasury Department unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes in the PPP Forgiveness Act that was signed into law this month to provide more flexibility to small businesses to receive forgiveness on their SBA-backed loans.

SBA and Treasury streamline PPP loan forgiveness applications


New Rewind tool allows “copying” data from QuickBooks Online

Rewind Copy allows accountants to set up a new client and migrate their data quickly instead of manually importing files.

New Rewind tool allows “copying” data from QuickBooks Online


Receipt Bank acquires data quality specialist Xavier

The software detects errors and anomalies in complex business data within accounting software, aimed at reducing the frequency and the cost of fixing them for accountants and bookkeepers.

Receipt Bank acquires data quality specialist Xavier


Wave debuts banking, bookkeeping, payments solution

Wave Money integrates with Wave’s financial management software for a full money management experience.

Wave debuts banking, bookkeeping, payments solution