Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
November 3, 2020
Free CPE Dec. 2 and 3: Earn Up to 16 Hours
Ensuring Success is a completely online, two-day series of CPE-qualifying webcast sessions hosted by CPA Practice Advisor, and presented with many of the most respected thought leaders in the profession.
November 24, 2020
IRS Announces Partnership to Improve Procurement Processes
The effort will bring together a multi-disciplinary team comprised of procurement practitioners as well as university professors and students with procurement and machine learning experience. Machine learning is a form of artificial intelligence that ...
November 23, 2020
Does Your Firm Have a Clear Vision for the Future?
Vision for the future comes from a variety of sources. Clear vision and sources of inspiration can come from colleagues, friends, quiet time, struggling with an issue, conflict, relaxing on the beach or vacation, meditation or attending a religious ...
November 23, 2020
Cryptocurrency Leader Bitstamp Selects Sovos for Tax Information Reporting
The partnership comes just ahead of the kick-off to the 2020 tax filing season in January. The IRS recently released its draft form for the season, moving virtual currency to page one of the standard 1040 form.
November 23, 2020
Expensify Passes $100 Million in Annual Recurring Revenue
This year, Expensify has added a corporate card, travel booking, invoicing, and bill pay to its eponymous expense management offering. Additionally, the company launched a 501(c)(3) nonprofit, Expensify.org, which reimbursed grocery bills for ...
November 22, 2020
Self-Directed 401(k) Balances Show Steady Growth in Q3
The average account balance across all participant accounts finished Q3 2020 at $302,256, a 9% increase year-over-year and a 6% increase from Q2 2020.
November 18, 2020
IRS Criminal Division Identified $2.3 Billion in Tax Fraud in 2020
Key focuses of CI in fiscal year 2020 included COVID-19 related fraud, cybercrimes, with an emphasis on virtual and cryptocurrencies, traditional tax investigations, international tax enforcement, employment tax, refund fraud and tax-related identity ...
November 18, 2020
Accounting Profession Concerned About PPP “Loan Necessity Questionnaires”
The coalition suggests that existing PPP Forgiveness Applications – specifically, SBA Forms 3508, 3508EZ and 3508S – should continue to be used because they “…allow the agencies to examine, in greater detail and prior to the approval of loan forgiveness
November 17, 2020
Business Spending Report Shows Fraud, Waste and Misuse Increasing
From big-screen TVs to soundbars, employees often bend the rules on equipment purchases, payment and procurement methods as they work from home. Expenses submitted as office supplies and meals/restaurants accounted for more than 25% of spend violations.
November 17, 2020
Grant Thornton Launches SOC.x
Grant Thornton LLP has launched SOC.x, a new platform to more efficiently produce reports covering System and Organization Controls (“SOC”), while also providing industry-leading, market-accepted quality.
November 17, 2020
Many Companies to Reduce Real Estate and Renegotiate Leases in 2021
The pandemic changed the calculation on crafting the right real estate strategy for 2021. According to a new LeaseQuery survey, cost optimization, flexibility and liquidity are now the key goals driving companies’ plans to rightsize and ...
November 16, 2020
AICPA News: November 2020
AICPA News is a roundup of recent announcements from the association.