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SEC taps new chief accountant

Accounting Today

He previously worked at the SEC from 1989 to 1997, rising to associate chief accountant in the Division of Corporation Finance. There he wrote what became the Financial Reporting Manual, a primary guide for the SEC accounting staff and practitioners in the application of the federal securities laws.

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Xero Simple is here for small businesses

Xero

From April 2026, small businesses, sole traders and landlords will need to change how they report income tax to HMRC. New legislation, known as Making Tax Digital for Income Tax (MTD for IT ), is set to be introduced, sparking a shift in financial reporting requirements.

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Inside GASB's far-reaching agenda

Accounting Today

Most of the questions deal with Statement 103 , the financial reporting model improvements standard that GASB issued last year, which will take effect in 2026. Digital reporting GASB is also continuing to work on a digital taxonomy of its standards, known as the Voluntary Digital Financial Reporting Project.

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The Role of Purchase Invoice Management Software and Its Synergy with Accounting Solutions like Sage, Netsuite & Quickbooks

Compleatable

Seamless Integration with Accounting Software : Purchase invoice management software is designed to integrate smoothly with leading accounting systems such as Sage , Netsuite , and QuickBooks. This tight integration ensures that the accounting books are always up to date without the need for double handling of data.

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Tax Fraud Blotter: Sick excuses

Accounting Today

By Jeff Stimpson 3h ago Tax IRS extends deadline on crypto broker reporting and withholding The Treasury Department and the IRS are giving brokers additional time to comply with requirements to report on digital asset sales and withhold taxes.

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GASB gives guidance on pronouncements

Accounting Today

2025-1, Implementation Guidance Update–2025 , addresses the application of GASB standards on leases, accounting changes and error corrections, conduit debt obligations, cash flows reporting, compensated absences, and financial reporting model improvement. Courtesy of GASB Implementation Guide No.

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Streamlining Financial Processes: The Impact of Client Accounting Services on Efficiency

Accounting Department

Efficient financial processes are essential for the success and growth of any business. However, managing tasks like invoicing, payroll management, and financial reporting can be time-consuming and complex, diverting valuable resources from core operations. This is where client accounting services come into play.