If you run a small or medium-sized business in Australia, there’s immense benefit in utilising the services of a business advisor, accountant or even a commercial lawyer. However adept you may be at business planning, tax compliance, property, wealth management or cashflow forecasting, you can bet an advisor is even better. After all, advisors have […]
Archives for November 2020
Steve Bannon’s podcast barred from Twitter after he made beheading comment about Fauci, FBI Director Wray
Former top Trump aide Steve Bannon’s podcast was permanently suspended by Twitter and had an episode yanked from YouTube after he implied that FBI Director Christopher Wray and leading government infectious-diseases expert Dr. Anthony Fauci should be beheaded and have their heads put on pikes outside the White House. Those comments by Bannon on Thursday […]
New lease accounting guidance proposed for federal entities – Journal of Accountancy
The Federal Accounting Standards Advisory Board (FASAB) and the Accounting and Auditing Policy Committee (AAPC) have proposed implementation guidance for federal-entity accounting standards and amendments to leases-related topics. The AAPC, a permanent committee established and overseen by FASAB, proposed a Federal Financial Accounting Technical Release, Implementation Guidance for Leases. FASAB, meanwhile, is proposing a Statement […]
New lease accounting guidance proposed for federal entities
The Federal Accounting Standards Advisory Board (FASAB) and the Accounting and Auditing Policy Committee (AAPC) have proposed implementation guidance for federal-entity accounting standards and amendments to leases-related topics. The AAPC, a permanent committee established and overseen by FASAB, proposed a Federal Financial Accounting Technical Release, Implementation Guidance for Leases. FASAB, meanwhile, is proposing a Statement […]
FASB provides implementation relief for insurance companies
FASB issued a standard Thursday that provides relief for insurance companies implementing the board’s new standard for accounting for long-duration insurance contracts. The board provided insurance companies adversely affected by the coronavirus pandemic an additional year to implement Accounting Standards Update (ASU) No. 2018-12, Financial Services — Insurance (Topic 944): Targeted Improvements to the Accounting […]
Confidence, savings tick up among pandemic-tempered clients
Financial advisors say that growing majorities of clients are feeling at least somewhat prepared for their financial future — a welcome result, they say, of the hard look clients have had to take at their financial situation over the long grind of economic dislocation springing from the coronavirus pandemic over the past seven months. But […]
SEC enforcement actions fall 17% in ‘most challenging year’
SEC enforcement staff carried out fewer enforcement actions even as it ordered record fines and disgorgements in a year buffeted by the coronavirus pandemic. Enforcement actions fell 17% from the previous year to 715 in fiscal 2020, according to the SEC Division of Enforcement’s annual report, released Nov. 2. It’s the lowest number of actions […]
Cracking the YouTube code
[embedded content] In the video above, Josh, Michael, Duncan and Ben thank viewers for helping us break above 50,000 subscribers on our YouTube channel, The Compound. Below, Josh explains how we got here and what’s coming next. In February of 2018, after years of people suggesting we do so, I finally put up a channel […]
Diwali 2020 – Top 5 Muhurat Picks by ICICI Securities
This year Diwali is on 14th Nov, 2020. Muhurat Trading is planned on the Diwali day. Diwali is festival of light and it seems stock market is sparkling with lights before Diwali 2020. Stock market has nearly reached pre Covid-19 levels. It is indication of recovery in the market and economy. The supply and demand […]
What Is Accumulated Depreciation, and How Does it Impact Your Assets’ Value?
As a business owner, you can look to your balance sheet for answers to questions about your business’s financial health. One thing you may keep track of on your balance sheet is accumulated depreciation. But, what is accumulated depreciation? What is accumulated depreciation? Accumulated depreciation is the accruing depreciation of an asset. It is the […]