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Microsoft plans to contest IRS claim it owes $28.9B in back taxes

Accounting Today

The dispute centers on a 2012 IRS audit into transfer pricing, a method used by companies to shift profits to tax havens and avoid the U.S. corporate tax rate.

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The top 10 audit automation software

Nanonets

Over the years, the auditing landscape has undergone remarkable transformations, and among the most significant advancements has been the advent of audit automation software solutions. Computer-Assisted Audit Tools and Techniques (CAATTs) have been available to auditors since the early 1990s. The situation has changed now.

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Top 10 Benefits of Using A Document Management System

NextProcess

2) Lower Operating Costs A 2012 survey by the International Data Corporation (IDC) indicated that troubles with paper-based documentation drive up companies’ operating costs significantly. For example, on average, respondents to the 2012 IDC survey spent over 2 hours per week “Searching for, but not finding, documents.”

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Crowdfunding definition

Accounting Tools

The regulations come from the 2012 JOBS Act. In addition, if the amount to be raised is greater than $500,000 (inflation-adjusted), an organization must produce audited financial statements ; given the cost of an audit, many firms may conclude that the real limitation on fund raising is actually $500,000, rather than $1 million.

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Is Accounts Payable Automation a Good Investment?

NextProcess

Once the AP process is moving along smoothly, you’ll also have fewer headaches worrying about accounting errors and future audits. This simplifies record keeping and is invaluable for creating reliable, complete audit trails. It is a good investment that saves money and time.

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Is Accounts Payable Automation a Good Investment?

NextProcess

Once the AP process is moving along smoothly, you’ll also have fewer headaches worrying about accounting errors and future audits. This simplifies record keeping and is invaluable for creating reliable, complete audit trails. It is a good investment that saves money and time.

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The neXt Era: The Past is Prologue

AvidXchange

Located in Somerset, NJ, EnergySolve provides electronic utility bill capture, auditing, late fee avoidance, and bill payment services to generate significant energy-related cost savings to their customers. In 2011, AvidXchange formed a new Energy Information Services (EIS) group, delivered by EnergySolve.