Will Xero give QuickBooks a run for it’s money? CPA Jason Blumer of Blumer CPAs thinks so. Here he evangelizes for Xero, a small-business cloud-based accounting solution from New Zealand, and for “social” accounting. More about Jason Blumer on CPA … Continued
“Last nail in the coffin.”
The Federal Deposit Insurance Corporation has notified Republic Bank & Trust of Kentucky that the bank’s high cost refund anticipation loans are “unsafe and unsound,” effectively cutting off Jackson Hewitt and Liberty Tax, the second and third largest tax preparation chains in the country.
The FDIC’s action follows a similar action by the Office of Comptroller of Currency, which issued a regulatory directive on Christmas Eve against HSBC (H&R Block’s RAL partner bank) prohibiting that bank from making RALs.
“This may be the last nail in the coffin for RALs,” said Adam Rust, Research Director for Community Reinvestment Association of North Carolina. “If so, we will be glad to see the death of these high cost, high risk loans.”
In annual AICPA survey, CPAs advise companies to manage risk of mobile devices.
via AICPA
Smartphones, tablets, laptops and flash drives in the workplace emerged for the first time as the top business technology concern for CPAs and financial executives in the AICPA’s annual Top Technology Initiatives Survey.
The 22nd Annual AICPA Top Technology Initiative survey shows control and use of mobile devices was the No. 1 challenge for IT professionals. The finding was based on responses from nearly 1,400 CPAs nationwide specializing in information technology. In addition to mobile devices, the survey signaled future IT issues will revolve around implementation of touch-screen technology, deployment of faster networks and voice recognition technology.
Top Tech 2011 ranking:
- Control and Use of Mobile Devices
- Information Security
- Data Retention Policies and Structure
- Remote Access
- Staff and Management Training
- Process Documentation and improvements
- Saving and Making Money with Technology
- Technology Cost Controls
- Budget Processes
- Project Management & Deployment of New Technology