[Ensure you have all the info you need in these unprecedented times. Subscribe now.] COVID-19 has created challenges throughout the trucking industry, but it also has created opportunities, especially when it comes to fleets’ accounting processes. Work-from-home initiatives and social distancing have accelerated the transition to paperless transactions, emailed invoices and electronic payments, which are […]
A world of tax trouble – Accounting Today
To say that today’s international tax landscape is complex is an understatement, given the constant developments in rates, rules and regulations, not to mention the ongoing uncertainty related to the global COVID-19 pandemic and the upcoming U.S. presidential election. “Accounting firms are seeing a significant increase in their advisory and compliance practices as the complexity […]
Make a Mistake on Your Corporate Income Tax Return? Cue Form 1120 Amended Return
Mistakes are part of being a business owner. At one point or another, you may make a mistake on a form, such as your business income tax return. If your business is structured as a C Corp or taxed as a corporation, you can use Form 1120X to amend your original return. Read on to […]
‘Basic’ accounting no more – Accounting Today
With “work from anywhere” becoming more of a necessity right now, performing accounting tasks online has changed from being an option to the best choice for many. And now that you and your clients have gone down this road en masse, that’s not likely to change much, at least in the near future. That’s true […]
Employers added 1.4M jobs in August, but subtracted 1.6K in accounting – Accounting Today
Employment increased by 1.4 million in August, the U.S. Bureau of Labor Statistics reported Friday, as the unemployment rate fell to 8.4 percent from 10.2 percent in July amid signs of economic recovery despite the ongoing COVD-19 pandemic, although the number of accounting and bookkeeping jobs declined last month by 1,600. The BLS reported that […]
ICPAS hosts annual ‘Jumpstart’ student program – Accounting Today
The Illinois CPA Society recently hosted more than 270 local accounting students as part of its annual Jumpstart to Accounting program. The event, held online this year, connects Illinois accounting students with thought leaders, motivational speakers, recruiters and career coaches to help them get a head start on successful accounting and finance careers. The two-hour […]
The crystal ball of accounting – Accounting Today
Data analytics and forecasting have quickly come to the forefront during the COVID-19 pandemic, as businesses struggle to predict what the future will bring. There is no such thing as a crystal ball, but today’s analytics and forecasting tools come closer than ever, and have the potential to solidify the importance of the accountant as […]
Learn All About Allowance for Doubtful Accounts (Aka Bad Debt Reserve)
When it comes to your small business, you don’t want to be in the dark. Your accounting books should reflect how much money you have at your business. If you use double-entry accounting, you also record the amount of money customers owe you. But, what happens if they don’t pay? To protect your business, you […]
COLLEGE OF BUSINESS HIRES TWO ACCOUNTING FACULTY – UCA Today
Mengyu Ma Qifeng Wu The University of Central Arkansas College of Business has hired two faculty members in its Department of Accounting. Mengyu Ma and Qifeng Wu were both hired as assistant professors of accounting. Ma was an instructor of accounting at Florida International University. Her research interests include financial reporting quality, information environment, equity […]
COLLEGE OF BUSINESS HIRES TWO ACCOUNTING FACULTY – UCA Today
Mengyu Ma Qifeng Wu The University of Central Arkansas College of Business has hired two faculty members in its Department of Accounting. Mengyu Ma and Qifeng Wu were both hired as assistant professors of accounting. Ma was an instructor of accounting at Florida International University. Her research interests include financial reporting quality, information environment, equity […]