Automatic Data Processing has launched ADP Time & Attendance, a software package designed to help small business comply with the federal, state, and local wage and hour laws. The company described the new product as an upgrade to its existing time and attendance. The new system offers scheduling and timecard management tools and mobile capability.

The Internal Revenue Service has raised the safe harbor threshold for expensing some capital items to $2,500 from $500. The change affects businesses that do not maintain audited financial statements and applies to qualifying items substantiated by an invoice. The threshold takes effect in tax year 2016.

Citrin Cooperman, a New York, N.Y.-based tax and accounting firm, has hired CPA Joseph Lesovitz as part of its Valuation and Forensic Services practice. Lesovitz, based in the firm's office in Philadelphia, Pa., specializes in calculating damages and providing financial consulting and forensic accounting services.