Now more than ever, businesses globally have become increasingly susceptible to financial fraud.

Paxos will publish a third-party attestation by an accounting firm on PYUSD's reserve assets.

The difference between a future recession and economic dips in the past is that accounts receivable is currently at a crucial inflection point in its digitization journey.

As we move from pens and paper to the digital world of Web 3.0, many tools have been developed for SMBs and accountants to manage their cash flow better.

Plus a new tool uses AI to fill out tax returns; AvidXchange offers cross-border payments; an E&Y platform helps with upskilling workers; and other updates from the accounting tech world.

The Bank of International Settlements announced the successful conclusion of a test between four central banks to transfer central bank digital coins between themselves.

The new law requires digital apps and online marketplaces to send a tax form to both the IRS and a recipient who receives $600 or more a year in online payments.

The eternal progress in technology empowers both fraudsters and those who are looking to catch them.

Small business owners have been coping with unpaid invoices and inadequate accounting during the pandemic and needed to cover expenses by selling family heirlooms and other valuables.

Lukka appoints CFO, and DigiCert intros e-signature capability to its PKI management solution.

The Internal Revenue Service could be doing more to track unreported income flowing through popular peer-to-peer apps like Venmo and Zelle.

A former senior executive at Wirecard AG escaped from Austria to Belarus on a private aircraft last year with the help of a secret-service agent and a far-right politician.

More bucks for the IRS; deductible haircuts; virtues of virtual learning; and other highlights from our favorite tax bloggers.

Wirecard suffered one of the worst stock slumps in the history of Germany’s benchmark index after revealing that about 1.9 billion euros ($2.1 billion) in cash has gone missing, spooking investors who have endured years of allegations of wrongdoing at the payments company.

Wave Money integrates with Wave’s financial management software for a full money management experience.

The application gives customers access to more ways to receive payment from clients during a time when many businesses are experiencing interruption due to the coronavirus pandemic.

Hundreds of new tools for small businesses, the rise of ransomware, and eight other recent technology developments you may have missed.

The platform offers accounting, payments and invoicing functionality.

In the midst of an unpredictable election year, you can serve as a rock solid source of knowledge for your clients by closely tracking the top regulatory issues that are likely to shape the legislative and regulatory landscape over the next 12 months.

Wulf Matthias of Wirecard AG resigned after months of controversy over the digital payments company’s accounting practices.