The Securities and Exchange Commission has charged Super Micro Computer Inc. SMCI, -3.03% with accounting misdeeds over a period of three years, the SEC announced Tuesday. The Silicon Valley hardware maker is accused of recognizing revenue earlier than it should have been and misused its cooperative marketing program to avoid expenses.
Revenue at the cloud software firm jumped 29% in the latest quarter, to $5.15 billion, while earnings were more than double Wall Street's estimate.
Quite a lot has been going on:
Airbnb IPO Will Signal a New Era of Accounting and Accountability – Skift
Clutch Announces the Top 8 Accounting Firms in New York
The following 8 firms are recognized as market leaders in New York for business accounting, payroll, and outsourced bookkeeping services.
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"Accounting, payroll, and bookkeeping are critical functions for organizations of all sizes. As evidenced by the popularity of the search term, ' accountants near me ' in Google searches, buyers seem to prefer working with local firms," said David Goosenberg , business development analyst at Clutch. "These New York-based firms have excelled at delivering top-notch financial services to B2B clients in a wide range of industries."
HIPAA Compliant Accounting Software Market Disclosing Latest Advancement 2020 to 2025 – The
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Not to change the topic here:
Cloud Accounting Experts at AcctTwo Honored to be Named for 5th Straight Year to Accounting Today
The VAR 100 is Accounting Today's ranking of the top value-added resellers of accounting and accounting-related software by revenue. The publication not only ranks the firms, it also dives into the major issues they're facing, as well as their strategies for success. The theme for this year's list was "The Cloud and the Coronavirus."
"This honor is particularly poignant and even more appreciated at a time like this. No one started 2020 thinking we would be here in August. I'm very proud of our AcctTwo team members for their agility and as we shut down our offices, moved to fully remote work, and shuffled duties to ensure employees and clients had everything they needed to maintain business continuity," added Wagner.
10 cybersecurity practices accounting firms need now | Accounting Today
Trump's payroll tax deferral on hold without IRS guidance | Accounting Today
The U.S. Treasury Department still has yet to tell companies how to handle President Donald Trump's order delaying the due date for employee payroll taxes, leaving major employers like Walmart Inc. in the lurch.
It's been two weeks since Trump issued his directive deferring the deadline to pay worker's portions of Social Security taxes from Sept. 1 through the end of the year. But employers, who are responsible for submitting those payments to the Internal Revenue Service, are waiting to hear from the agency on how any tax bill would be handled when it comes due later.
Law enforcement museum closure left 2 cars, accounting questions
LAS CRUCES - Jail records dating back at least as far as 1902, cash logs and other ledger books once housed at Doña Ana County's Historical Museum of Lawmen have found a new home at New Mexico State University.
The documents were donated to the university's special collections library this summer after county Sheriff Kim Stewart closed the 30-year-old museum, the only one in the region dedicated to law enforcement.
For 14 years since the Doña Ana Sheriff's Office moved into its current home at 845 N. Motel Blvd., the museum has occupied a room to the right of the agency's front lobby.
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