Accounting
IRS Issues New Rules for Local Hotel Expenses
Normally, a taxpayer may deduct travel expenses, including the cost of lodging, only when he or she is “away from home” on business. For this purpose, home means your tax home, usually the area surrounding your principal place of business ...
New Cabinet AP Module Automates Accounts Payable Tasks
Cabinet Document Management Solutions has launched Cabinet AP, a new module for its Cabinet SAFE product that is designed to automate manual processes in document-intensive tasks like accounts payable processing. Cabinet is a maker of electronic document
KPMG Acquires Qubera
The global Big 4 accounting and consulting firm KPMG LLP has acquired “certain” assets of the cyber-security firm Qubera Solutions. The companies say that the transaction will strengthen the KPMG network’s security transformation capabilities in several service areas, including Cloud Identity Federation, Identity as a Service (IDaaS), Identity Governance, and IAM solution implementation. “As threats […]
FreshBooks Launches Online Payments Service
FreshBooks, which makes cloud accounting solutions for service-based small business owners, has added its own online payments to the FreshBooks platform. The new offering allows business users in the United States and Canada to quickly set up ...
ADP Jobs Report Shows 217,000 New Jobs in September
The total number of jobs in the U.S. private sector increased by 213,000 from August to September, according to the latest ADP National Employment Report.
Charitable Donations Increase by Most Since Great Recession
A new analysis of how Americans and Canadians donate to nonprofit organizations shows the greatest overall increase since 2008.
The Three Rs of Travel & Entertainment Deductions: Records, Records and More Records
[This is the last in a series of articles on maximizingdeductions for travel and entertainment (T&E) expenses.] In the not-so-distant past, the IRS often suspected that deductions for travel and entertainment (T&E) were being inflated or, even worse, being claimed when no legitimate expenses existed. Eventually, it carved out a strict set of recordkeeping requirements for […]
Businesses See More Revenue & Profit if Using a Public Accountant, Says Survey
SMBs who use an accounting professional with online accounting software experienced a 16 percent increase in revenue over businesses that do not.