By Christina Cavazos Alicia Klausmeier has a passion for helping small business owners thrive. “I love helping them get to know their finances, understand their financial statements, and really helping them be successful,” Klausmeier said. “I grew up in Colorado Springs, and this community has grown a lot since then, but we are still very […]
5 Defining Qualities of a Leading Modern Accounting Solution – FEI Daily
© GaudiLab/iStock/Getty Images Plus Not all financial close solutions are created equal. Especially during times of flux, organizations need a solution that can sustain social and economic shifts, continue to make us more productive and effective at our jobs, and help prepare us for the future. F&A teams need automation they can trust. BlackLine’s Finance […]
AICPA honors four accounting professors at annual AAA meeting – Accounting Today
The American Institute of CPAs recognized four accounting professors for their notable teaching and research during the annual American Accounting Association meeting. This year’s honorees include: Tonya Flesher, professor of accountancy and Arthur Andersen Lecturer Emerita at the University of Mississippi, is the recipient of the 2020 AICPA Distinguished Achievement in Accounting Education Award. Mary […]
AICPA honors four accounting professors at annual AAA meeting – Accounting Today
The American Institute of CPAs recognized four accounting professors for their notable teaching and research during the annual American Accounting Association meeting. This year’s honorees include: Tonya Flesher, professor of accountancy and Arthur Andersen Lecturer Emerita at the University of Mississippi, is the recipient of the 2020 AICPA Distinguished Achievement in Accounting Education Award. Mary […]
AICPA requests guidance on payroll tax deferral
The AICPA on Wednesday sent a letter to Treasury and the IRS requesting guidance on the recent presidential memorandum deferring some employee payroll taxes until next year. The memorandum, issued by President Donald Trump on Saturday, defers the withholding, deposit, and payment of the employee portion of the old-age, survivors, and disability insurance (OASDI) tax […]
AICPA requests guidance on payroll tax deferral
The AICPA on Wednesday sent a letter to Treasury and the IRS requesting guidance on the recent presidential memorandum deferring some employee payroll taxes until next year. The memorandum, issued by President Donald Trump on Saturday, defers the withholding, deposit, and payment of the employee portion of the old-age, survivors, and disability insurance (OASDI) tax […]
Moving Locations? Don’t Forget to Change Your Business Address With These Places
Expanding, downsizing, or simply relocating? If you change your business address, you need to let people know. From notifying the IRS to updating your small business website, find out where and how to change your business address. Why it matters When you move your residence, you have to let people know. And, you must update […]
New PPP guidance addresses health insurance, EIDL, other issues
Some questions on federal coronavirus measures were answered Tuesday in guidance issued by the U.S. Small Business Administration (SBA) and Treasury. SBA and Treasury issued two FAQs related to the Paycheck Protection Program (PPP) and three FAQs related to the PPP and Economic Injury Disaster Loans (EIDL). An interim final rule also was issued to […]
Pandemic-related FAQs for health care entities
The coronavirus pandemic has created a great deal of uncertainty for health care entity financial statement preparers and their auditors. Paycheck Protection Program (PPP) funds and other forms of government assistance have provided both a lifeline and a source of strategic, operational, accounting, and other questions unlike anything these entities have encountered. Meanwhile, many of […]
AICPA encourages COVID-19 tax relief and issues new auditing standards
Along with more than 180 organizations, the AICPA signed a letter requesting Paycheck Protection Program (PPP) loan forgiveness-related expenses remain deductible. According to the letter, when the PPP was adopted as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, Congress made clear that any loan forgiveness under the program would […]