Altman sees opportunity in the logistics sector as companies reinvent their supply chains, including investment in new delivery hubs. But Welch Equipment’s revenues are down from last year — partially a result of the sales cycle, but also a slowdown for some clients’ facilities. “What has curtailed us is the companies who have really not […]
Additional BEAT regs. finalized
The IRS on Tuesday finalized regulations that provide additional guidance on the base-erosion and anti-abuse tax (BEAT) (T.D. 9910). The BEAT final regulations retain the basic approach and structure of the proposed regulations (REG-112607-19) that were issued in December 2019, with certain revisions. Like the proposed regulations, the final regulations permit an election to waive […]
COVID-19 decisions create data dilemma for businesses
Businesses have struggled for years to control and track the movement of data throughout the organization. The COVID-19 pandemic has further exacerbated this issue. Problems with connectivity and interoperability between legacy systems and software-as-a-service (SaaS) platforms prompted employees to consistently use personal instances of cloud-based services to aid in the completion of their work. As […]
Intuit Practice Management now available across accountants products – Accounting Today
Intuit Practice Management, which is powered by Karbon, is now available across all Intuit Accountants products with the addition of ProSeries. Tax professionals using ProConnect Tax Online, Lacerte and ProSeries can now access Practice Management to help centralize contacts, automate tasks, and collaborate in real-time.This year has been complex for tax preparers who have had […]
TQAs discuss nongovernmental health care entities’ pandemic-related issues
Nongovernmental health care entities’ accounting for coronavirus pandemic-related governmental assistance is addressed in Technical Questions and Answers issued by the AICPA on Wednesday. TQAs 6400.63–.70 were developed by the AICPA Health Care Expert Panel and provide background and nonauthoritative accounting information for nongovernmental health care entities, which include business entities and not-for-profits. Information is provided […]
TQAs address lease accounting for retirement communities
Background and nonauthoritative guidance on lease accounting for continuing care retirement community Type A life care contracts is provided in Technical Questions and Answers (TQAs) published Monday by the AICPA. Developed by the AICPA Health Care Expert Panel, TQAs 6400.55–.62 discuss how to: Determine whether an embedded lease exists under FASB ASC Topic 842, Leases; […]
TQAs address lease accounting for retirement communities – Journal of Accountancy
Background and nonauthoritative guidance on lease accounting for continuing care retirement community Type A life care contracts is provided in Technical Questions and Answers (TQAs) published Monday by the AICPA. Developed by the AICPA Health Care Expert Panel, TQAs 6400.55–.62 discuss how to: Determine whether an embedded lease exists under FASB ASC Topic 842, Leases; […]
Adding Business Value That Is Actually, Well, Valuable
Want to increase your business’s prices? Add business value. Are you looking to stand out from competitors? Again, value is the answer. Whatever your objective, adding business value can help you get there. But, adding value to a company is easier said than done. How do you do it? Read on to learn how to […]
How to get Black female leadership talent into the C-suite
Black Lives Matter and #MeToo, two social movements founded by Black women, have increased pressure on businesses to raise the number of women, particularly Black women and other women of color, in executive positions. For good reason. Women in senior management remain underrepresented in corporate America even though their numbers increased from 17% in 2015 […]
A new internet domain for the CPA profession: .cpa
Today, the AICPA and CPA.com are launching .cpa, a restricted Internet domain exclusively for the CPA profession. Only licensed CPA firms and – starting next year – individual CPAs will be able to sign up for the new top-level domain, a term that refers to the last letters of an email address or website name […]