Technology

Does your organization have an implementation plan and adequate system in place that will meet the new requirements?

Avalara Inc. wasn’t a party in today’s U.S. Supreme Court decision that let states collect sales tax from online retailers, but it still looks like the case’s big winner.

Bloomberg Tax has introduced an ASC 606 solution for its Advantage tax management system to help companies comply with the new revenue recognition standard.

Accountants can gain access to the company’s software at a discount, improving margins on value-added services at their firm.

The money will go to growing its AI, machine learning and cloud capabilities, competing against SAP, Oracle and other business software giants.

Wesley Bricker, chief accountant at the Securities and Exchange Commission’s Office of the Chief Accountant, told attendees at the Institute of Management Accountants’ annual conference in Indianapolis on Tuesday about the vital role he sees them playing in financial reporting.

Doc.It Explore and Doc.It Connect are the newest offerings from the document management and workflow software provider.

Today’s technology gives accountants the ability to advise their clients on an array of business matters far beyond traditional tax or audit services.

Originally estimated at $180 million, the tax software company’s initial public offering has brought in almost $285 million.

The Financial Accounting Standards Board’s Emerging Issues Task Force has made decisions on some new rules.