Alvarez & Marsal Tax, the tax services affiliate of consulting firm Alvarez & Marsal (A&M), has launched in the Canadian market with the addition of four partners from KPMG, Jocelyn Blanchet, Carla Hannemann, Nicole Le Dressay, and Ines Pasagic, who will be based in Toronto as managing directors. “A&M’s extensive experience with complex tax matters…

Oracle NetSuite has launched an indirect procurement solution, NetSuite SuiteProcurement, which enables customers to track and control every purchase from request to payment and streamline the procurement process. Users can establish trading partner relationships and provide access to preferred pricing on goods and services through the Oracle Business Network, and automatically route purchase order requests…

Digital-trading platform eToro USA has agreed to pay a $1.5m fine and limit its crypto offerings to just three tokens, as part of a settlement with the SEC. The company had been charged with operating an unregistered brokerage and clearing agency related to its crypto trading platform. Its U.S. customers will only be able to…

During the ABC News presidential debate on September 10th in Philadelphia, Kamala Harris and Donald Trump briefly touched on tax policy. Harris proposed a $6,000 tax credit for families with newborns and increasing the tax deduction for start-ups from $5,000 to $50,000. She also suggested incentives for first-time home buyers, including credits up to $10,000…

The accounting profession is undergoing significant changes due to advancements in technology, particularly analytics and generative artificial intelligence. Robert Pawlewicz, assistant professor at the University of Richmond, notes that “the good news is universities that educate future accountants are adapting to this brave new world.” Institutions like Brigham Young University and Indiana University Bloomington are…

Paychex is facing a significant challenge regarding New York’s tax regulations on income apportionment. The New York Department of Taxation and Finance has argued that Paychex’s claim should be dismissed due to an audit settlement that prevents the company from pursuing its case. In a memorandum dated September 6th, the agency stated that Paychex’s assertion…