Accounting

The coronavirus pandemic changed the game for everyone, but we’d be missing the beat if we didn’t take a minute and look at the opportunity for growth. Original Article Posted at : https://www.accountingtoday.com/opinion/the-future-of-accounting-marketing-is-strategy

The collapse of Wirecard AG prompted accounting firm Ernst & Young to send a letter to clients expressing “regret” that it failed to uncover fraud at the company sooner. Original Article Posted at : https://www.accountingtoday.com/articles/auditor-ey-expresses-regret-over-failures-after-wirecard-collapse

The Sept. 15 tax filing deadline is causing worries among taxpayers and tax practitioners in the midst of the pandemic, but the American Institute of CPAs believes that taxpayers will be able to avoid tax penalties if they write “COVID-19” at the top of their tax return. Original Article Posted at : https://www.accountingtoday.com/news/penalty-relief-may-be-available-to-taxpayers-who-miss-sept-15-tax-deadline-due-to-covid-19

Xero has revamped its “Starter” plans in the United States, prompted by the need to better support small and mid-sized businesses while they deal with the impact of the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/xero-revamps-starter-u-s-plans-debuts-xero-on-air

The acquisition offers integration opportunities with CCH Axcess, Wolters Kluwer’s cloud-based software suite for professional firms. Original Article Posted at : https://www.accountingtoday.com/news/wolters-kluwer-buys-xcm-solutions

The Internal Revenue Service has added a page to its website aimed at the marijuana industry to inform cannabis business owners about their tax compliance responsibilities. Original Article Posted at : https://www.accountingtoday.com/news/irs-adds-marijuana-industry-page-to-website

The biggest increase came in the advisory practice, where revenue rose 29.4 percent, followed by tax at 8.8 percent and assurance by 6.0 percent. Original Article Posted at : https://www.accountingtoday.com/news/bdo-usa-sees-revenue-rise-11-3-to-1-8b-despite-pandemic

The move to remote work has made us realize that modern accounting software such as financial close solutions is no longer a nice-to-have, it’s a must-have. Original Article Posted at : https://www.accountingtoday.com/opinion/remote-work-has-made-close-management-software-indispensable