Even as the Internal Revenue Service began sending out the second batch of advance Child Tax Credit payments, evidence has emerged that the first round may have had a measurable impact on hunger and poverty in the U.S. The Census Bureau reported Friday that according to two Household Pulse Surveys
Former CEO and chairman of the board of directors of SAExploration Holdings Inc. Jeffrey Hastings pleaded guilty Friday for his role in a scheme to fraudulently and materially inflate the publicly reported revenue of SAEX by tens of millions of dollars and for misappropriating millions of dollars from the publicly
Over the past year, co-presidents Alex Solomon and his brother, Edward, have led Net at Work through a time of massive change. But the pandemic didn’t slow them down. Net at Work’s bread and butter is connected and hosted software that works seamlessly together. The company is a consulting and
TaxBit Inc., a maker of cryptocurrency tax and accounting software, raised fresh funding that pushed its valuation to more than $1.3 billion. The company raised $130 million in a Series B round led by venture firms IVP and Insight Partners. Tiger Global Management, Paradigm and 9Yards were also among the
Figuring out nanny taxes and payroll for your clients with household help can be a hassle, not to mention time-consuming. But you need to keep your clients compliant so calculating nanny taxes “after the fact” may seem to be a way you could save time and energy that can be
Accounting thought leaders Gary Shamis, Gary Boomer and Allan Koltin announced a reimagining of their annual practice management conference by introducing the inaugural Winning Ways Conference, to be held Nov. 16-17, 2021, at the Lowes Chicago O’Hare Hotel. The event, much like the annual Winning Is Everything conference that the
Xero has updated what it calls its most popular feature, bank reconciliations, with a brand new design and artificial intelligence-powered actions. According to Xero, the cloud accounting company has processed more than 1.76 billion bank transactions for more than 2.7 million subscribers around the world in the last 12 months
The booming market for nonfungible tokens is showing no signs of slowing down as investors pour money into digital collectibles, but the tax rules surrounding NFTs are anything but clear. NFTs are basically digital assets whose data is stored in a blockchain, similar to cryptocurrency like Bitcoin and Ethereum. It
The Financial Accounting Standards Board has endorsed a recommendation from its Private Company Council to allow a practical expedient for a private company to determine the current price input of equity-classified share-based awards issued to both employees and nonemployees. During a meeting Wednesday, the board agreed to issue an accounting
Julie Johnson Heather Rudes was promoted to chief human resources officer and Julie Johnson was hired as chief marketing officer at Mazars, New York. Andre Hill to chief marketing officer at the Bonadio Group, Rochester. Berdon, New York, partnered with the NY Mets and nonprofit Learn Fresh to offer New