Payroll

At the 2013 New York Accounting Technology Show, Executive Editor Darren Root, CPA, speaks with Xero CTO Craig Walker about how his company’s cloud accounting system for small businesses and their platform for accounting professionals helps firms and clients be more productive.

Thanks to Tim McDaniel, a CPA with additional business valuation and financial credentials, business owners now have a new financial resource at their fingertips.

U.S. small business employment added 25,000 new jobs in June, bringing the total of new small business jobs added since March 2010 to 405,000. In addition, compensation and hours worked also increased during the month. Meanwhile, small business revenues saw an overall decline of 0.4 percent in May, with the exception of the construction industry, which recorded a 0.6 percent increase.

The McDonald's franchisees at the center of the pay card controversy issued a statement Monday on their decision to start paying employees through traditional means:

In the first report of its kind, California state Attorney General Kamala Harris said 2.5 million state residents had Social Security numbers, credit card and bank accounts and other sensitive information exposed in 131 data breaches.

Wayne Phillips did everything but swim as he struggled to get to his tech job in this city's Financial District on Monday morning.

Intuit Inc., the maker of QuickBooks, Quicken and TurboTax, along with many technologies for accounting professionals, announced on Monday that it is selling its Financial Services division (IFS) to private equity firm Thoma Bravo. Products include an internet banking platform, digital payment solution, mobile banking and digital banking add-on solutions.

A disclosure by former Rep. Jesse Jackson Jr.'s lawyers is prompting questions about what federal payments the ex-congressman is receiving as he awaits sentencing Wednesday for misusing $750,000 in campaign cash.