By Ranica Arrowsmith Published November 08 2017, 12:35pm EST Adaptive Insights, which provides cloud corporate performance management software, has extended its platform for financial and operational planning, the final push in this year’s updates to the Adaptive Suite. This release marks the third software release for 2017. The new features of Adaptive Suite 2017.3 include:… Read More

By Shahien Nasiripour and Julie Verhage Bloomberg News Published November 07 2017, 11:20am EST  Intuit Inc., the maker of tax-preparation and accounting software, will start lending directly to smaller businesses as it becomes the latest tech company to offer credit to firms. The roughly 7 million businesses that use Intuit’s QuickBooks accounting software may be… Read More

By Michael Cohn Published November 07 2017, 4:56pm EST The Financial Accounting Standards Board’s new standard on accounting for credit losses will require some major changes for banks, particularly smaller ones, as well as many companies that provide loans. The current expected credit loss, or CECL, standard requires them to measure all of their expected… Read More

By Ken Tysiac November 11, 2017 Three nonauthoritative issue analyses prepared by the AICPA Health Care Expert Panel are designed to help health care entities prepare for implementation of FASB’s new accounting standard for not-for-profit entity financial statements. In August 2016, FASB issued Accounting Standards Update No. 2016-14, Not-for-Profit Entities (Topic 958):Presentation of Financial Statements of Not-for-Profit… Read More

By Michael Cohn Published November 03 2017, 3:58pm EDT The tax reform bill introduced by House Republicans doesn’t give the low 25 percent income tax rate for pass-through businesses to accounting firms and other professional service firms, and the rules for getting around it are complicated. “The anti-abuse provisions for the reduction in the pass-through… Read More

By Jeffrey Pretsfelder Published November 02 2017, 4:40pm EDT As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Until Congress passes tax reform legislation, these tips should help many tax clients. The following… Read More

By Ken Tysiac October 25, 2017 The idea that “image is everything” doesn’t hold much weight with investors, who are keenly interested in what a company is able to deliver and its plans for the future. Crafting a winning product or service and a strategy for the long term is the best way for a… Read More

By Samiha Khanna October 26, 2017 Americans reached a new level of personal financial satisfaction in the third quarter of 2017, according to the AICPA Personal Financial Satisfaction index (PFSi). The PFSi measured 25.9, continuing an upward trend in place since January 2017, and surpassing all previous measures in the 24-year history of the index.… Read More

By Ted Needleman Published October 27 2017, 12:24pm EDT This has been a busy month for me on the hardware side. I finally pulled the trigger on getting rid of my mid-tower Core i7 Extreme production machine. I’ve come close to making a switch several times this year, but what was state-of-the-art five years ago… Read More

By Mark A. Luscombe George G. Jones Published October 27 2017, 11:52am EDT On Sept. 27, 2017, the Trump administration and Republican congressional leaders issued a nine-page outline on tax reform titled a “Unified Framework for Fixing Our Broken Tax Code.” At the start of the year we were, of course, supposed to have tax… Read More