Payroll
Average Retailer Credit Card Interest Rate Hits 29.93 Percent
The average APR for retail credit cards reached a new record high of 28.93% this year. These are cards branded by brick-and-mortar and online retailers.
Isaac M. O'Bannon
Managing Editor
isaac.obannon@cpapracticeadvisor.com
Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies.
Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Email: isaac.obannon - @ - cpapracticeadvisor.com
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Taxes
Nevada CPA Pleads Guilty to Filing False Tax Returns
A Nevada CPA pleaded guilty in early October to aiding and assisting the filing of false tax returns for his role in a purported investment scheme to sell false tax deductions.
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Sales Tax
How to Solve Clients’ Sales Tax Compliance Headaches with Smart Outsourcing
Having outsourced professionals act as business management sherpas frees business owners and managers from tedious tasks and greatly reduces errors that can prove costly.
Payroll
Sage Launches Sage HR Integration for Sage 50
The Sage HR integration is available exclusively to Sage 50 customers with a Payroll service plan.
Small Business
Holiday Spending Forecast for 2023: Average of $875 Per Person in U.S.
The amount is $42 more than consumers planned to spend in 2022, and is in line with the average holiday budget over the last five years.
Payroll
How Inflation is Reshaping Retirement
Workers’ perceptions of what retirement will look like have also begun to shift, further complicating the retirement outlook.
Accounting
PCAOB Report Highlights Rising Audit Deficiencies Related to Engagement Quality Reviews
In addition to covering recent trends in audit deficiencies related to EQRs, the staff report provides good practices and reminders for auditors so they can avoid such deficiencies.
Accounting
NetSuite Unveils New Innovations to Help Businesses Do More with Less
The latest NetSuite innovations include both traditional and generative AI-powered capabilities across the entire suite.
Accounting
Modern Treasury Enhances Reconciliation Engine with AI to Increase Speed and Efficiency of Cash Reconciliation
This AI plus human approach reduces the time spent on reconciliation, especially when operating at scale.
Payroll
IRIS Software Group Partners with QuickFee to Streamline Payments for Accounting Firms
The partnership includes both QuickFee Connect and QuickFee Finance which provides e-invoicing and online payment options through integration with IRIS practice management solutions and a pay overtime option.
Accounting
CFOs Predict Growth in Net Profits
More than three-fourths (76%) of finance leaders predict net profit growth, with just over half (52%) saying their organizations will grow profits by more than 5%.
Accounting
Vertex Announces Strategic Partnership with Pagero
Vertex e-Invoicing, partnering with Pagero, simplifies indirect tax compliance and streamlines Continuous Transaction Controls (CTC) requirements.