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Auditing and accounting talent shortage remain a top issue

Future CFO

Auditing and accounting talent shortage continue to make employers toss and turn, according to a global survey of more than 4,100 accountants and 2,300 auditors. When it comes to talent retention, more than 85% of accountants and 90% of auditors said it is either somewhat or extremely difficult.

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Weekend Reading For Financial Planners (Oct 15-16)

Nerd's Eye View

Also in industry news this week: The IRS released a notice this week indicating that RMDs will not be required for inheritors of retirement accounts subject to the SECURE Act’s 10-year rule. A recent study suggests that advisors can regain about 20% of their time by outsourcing investment management responsibilities.

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Lightyear Forms ProfitSolv To Acquire Billing, Payments Solutions

PYMNTS

Vassallo , managing partner of Lightyear, said the work with ProfitSolv “reflects our long-term investment thesis that embedding payment solutions in vertically integrated, sector-specific software will continue to gain market share from more traditional software providers.”. “We billion for the legal vertical alone.

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Today In B2B: Revolut Debuts New Business Feature; MonetaGo Targets Trade Finance Fraud

PYMNTS

Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. Serent Capital Invests In Procurement Partners. ImagineTime, Mango Billing Partner On Digital Accounting. Revolut Launches Acquiring Solution For Business Customers.

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In B2B, Embedded Payments Make For Attractive Acquisitions

PYMNTS

The news came against a backdrop where other announcements and activities have illuminated the attractiveness of B2B FinTech as an investment space. As reported earlier in this space, dealmaking to date in 2020 has included eCommerce-as-a-Service firm Mirakl securing a $300 million investment, and payments firm Zoop securing a $10.85

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Regent Assay advises SaaS company, BTCSoftware on acquisition by Bright Software Group

Regent Assay

BTCSoftware is a multi-award-winning tax software solution which helps accountants to streamline and simplify tax and compliance work. They developed feature-rich and cost-effective software products that make life easier and more rewarding for accounting professionals. The investment in BTCSoftware further demonstrates?Bright’s