Cloud accounting software developer Xero Ltd. has acquired inventory management provider Locate Inventory for $19 million. Xero expects to use Locate’s talent, expertise and inventory-accounting workflows to enhance its inventory management solution, which it plans to launch first in the U.S., and then around the world. Its goal is to
The Internal Revenue Service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals. Last month, the IRS released a September memorandum from its Office of Chief Counsel essentially saying it wants more detailed information about all the business components
Software as a Service and the cloud have been important drivers of innovation — particularly during the COVID-19 pandemic — but the next stage of technological change will revolve around digital networks, according to Aaron Harris, the chief technology officer of business software developer Sage. “Digital networks are the new
Business software developer Sage kicked off its annual user conference with a glimpse at some of the new capabilities and features in its development pipeline, with a heavy focus on automation and more mobile features. In the opening keynote Wednesday in Las Vegas, executive vice president of Sage Intacct Dan
Details: Baker Tilly said Tuesday it intends to acquire The Compliance Group, a nationwide mortgage compliance and quality control organization based in Carlsbad, California, effective Dec. 6, 2021. TCG helps mortgage lenders with regulatory compliance and risk management services. The deal will open a new practice area for Baker Tilly
The Internal Revenue Service is going to have a hard time ensuring compliance with the rules for opportunity zones, since much of the data is unavailable, according to a new report, even as a key deadline for the program is ending in December. The report, released Monday by the Government
President Joe Biden celebrated House passage of the biggest U.S. infrastructure plan in decades, a crucial victory that he described as a direct response to voters who handed his party defeats in state elections last week. “We took a monumental step forward as a nation,” Biden said Saturday at the
As world leaders meet this week at the United Nations COP26 climate change conference to discuss the growing urgency of the global climate crisis, the topic of carbon taxes is becoming more of an issue. “I do think there’s more motivation by governments and large multinationals to do more on
The Securities and Exchange Commission said Friday it has approved a rule from the Public Company Accounting Oversight Board that aims to ensure the PCAOB can inspect auditing firms in other countries, especially China. The PCAOB adopted the new rule in September, after years of frustration over its inability to
One fire too many; FedEx con; the bank of me me me; and other highlights of recent tax cases. Charlotte, North Carolina: Tax preparer Andrivia Wells, 54, has been sentenced to 70 months in prison for tax fraud. Beginning in at least 2011 and continuing through June 2019, Wells owned
