Bloomberg Tax has introduced an ASC 606 application which supports the revenue recognition standard. The product is available on the company’s cloud-based Advantage platform.

An executive of Automatic Data Processing recently said the economy is moving toward real-time, on-demand payment of workers. Stuart Sackman, corporate VP of global product & technology, noted during ADP’s recent Investors’ Day webcast the trend among ride-share companies and some major retailers.

An analysis of the IRC Section 199A qualified business income deduction has been issued by Thomson Reuters. The Checkpoint Catalyst Topic discusses the section's statutory construction, activities eligible for the deduction, limitations and prohibitions, and areas where additional guidance is needed before the provision can be properly implemented.

Intuit is now accepting submissions for its 2018 Global Firm of the Future contest. The selection is open to firms based in Australia, Canada, the United Kingdom, the United States and, for the first time, India. The competition is open to bookkeeping and full-service accounting and tax firms.