The Public Company Accounting Oversight Board released a supplement Wednesday to its staff guidance on the remediation process for auditing firms that have deficiencies in quality control that need to be fixed.
The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting foreign gifts too late.
Cuts to official interest rates and income taxes have begun in some countries, with some hoping the changes would help boost consumer spending. Unfortunately, this doesn’t seem to be the case yet for small businesses, according to the latest Xero Small Business Insights (XSBI) data. What cuts have happened? Central banks have been busy in …
XSBI: Are interest rate or income tax cuts benefiting small businesses yet? Read More »
The resignation comes after Department of Justice launched a probe into an ex-employee’s claims that Super Micro violated accounting rules.
The proposed ASU would set more consistent requirements for determining the acquirer when a transaction is achieved by exchanging equity interests.
The Top 50 Firm is expanding into Delaware with its latest M&A deal.
Intuit announced new features and capacities, many of them within its QuickBooks line of products.
Xero announced the winners of its annual Beautiful Business Fund competition, of which four were based in the US.
There is a growing movement in the accounting industry towards new services and cloud-based tools, in large part due to the talent shortage crisis being felt across the US and Canada. The number of US accountants decreased by around 17% in the last couple of years, and this talent shortage crisis is causing pressure to …
Introducing Xero Mentor Match: A mentoring program for industry partners Read More »
As outlined in the autumn Budget, the UK government is committed to delivering Making Tax Digital (MTD) for income tax Self Assessment, which will be mandated in April 2026. We’re pleased that this gives accountants and bookkeepers more certainty on timings as they prepare for this deadline. At Xero, we’re ready for MTD for IT …
We’re ready to support you with Making Tax Digital for Income Tax Read More »