The IRS in an internal memo Friday identified a range of forms for which it will temporarily allow required signatures in electronic or digital form. The forms are fileable only on paper but otherwise require a handwritten signature. Allowing them to be e-signed remotely before being printed out and mailed to the Service will help […]

One of the common misconceptions about blockchain is that it’s one technology. You may have heard or seen references to companies tracking supplies on the blockchain or smart contracts being executed on the blockchain. Fact is, there are many blockchains. The original blockchain was created to facilitate and record transactions of the digital currency bitcoin. […]

One of the common misconceptions about blockchain is that it’s one technology. You may have heard or seen references to companies tracking supplies on the blockchain or smart contracts being executed on the blockchain. Fact is, there are many blockchains. The original blockchain was created to facilitate and record transactions of the digital currency bitcoin. […]

Late on Friday, the IRS issued much-anticipated guidance on the payroll tax deferral that was ordered by President Donald Trump in a presidential memorandum on Aug. 8 (Notice 2020-65). The notice allows employers to defer withholding on affected employees’ compensation during the last four months of 2020 and then withhold those deferred amounts during the […]

Late on Friday, the IRS issued much-anticipated guidance on the payroll tax deferral that was ordered by President Donald Trump in a presidential memorandum on Aug. 8 (Notice 2020-65). The notice allows employers to defer withholding on affected employees’ compensation during the last four months of 2020 and then withhold those deferred amounts during the […]

Charles Gottlieb, Jan Grobovšek, Markus Poschke, Fernando Saltiel 29 August 2020 In response to the outbreak of Covid-19, 114 countries have implemented policies that require either the closure of, or the implementation of working from home, for all but essential workplaces (Hale et al. 2020). In sectors required to shutter workplaces, work can only be […]

Financial professionals, including accountants and company controllers, have needed to burnish their technology skills during the novel coronavirus pandemic as they work remotely with their colleagues and clients. A new report from the Institute of Management Accountants and Deloitte’s Center for Controllership is based on a survey of nearly 800 finance and accounting professionals conducted […]

Dive Brief: Herbalife Nutrition has agreed to pay more than $67 million to settle charges it violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA), the Securities and Exchange Commission announced. The company will also pay a criminal fine of more than $55 million to settle an […]

Lenders should account for the forgivable portion of a Paycheck Protection Program (PPP) loan as an interest-bearing loan until the receipt of payment for that loan from the US Small Business Administration (SBA), according to a Technical Question and Answer (TQA) posted Thursday by the AICPA. The AICPA staff believes that for accounting purposes, payments […]

When I founded FloQast, I started meeting fellow software entrepreneurs. As I got to know them, I realized there is a common thread across the group — they have one of two backgrounds: product or business development. Software engineers are able to hack together great products for sweat equity, get adoption, and then have VCs […]