Does your invoicing process look a little something like this? Print, fold, stick paper in envelope, seal, add stamp, add addresses, mail, and repeat. If you’re cringing at the thought of having to mail off one more invoice to your customers, you might consider e-invoicing. What is e-invoicing? Electronic invoicing, also called e-invoicing or digital […]
Online Safety Reminders: Preventing Breaches While Working Remotely
Bad things happen in the online world, all the time. It’s not just a “because we are working remotely” kind of thing. The difference is, right now, mid-pandemic, there’s a sense of unease and feeling of urgency. We are trying to stay efficient and effective in unfamiliar territory. In an uncertain business climate, there’s additional […]
Do You Know the Difference Between a Business Name vs. Trade Name?
One of the first things you do as a business owner is choose a business name. Your business can operate under your legal business name. Or, you can operate your company under a trade name. So, what’s the difference? Read on to learn more about business name vs. trade name and how they contrast. Business […]
Accounting in the COVID era is more subjective than ever – Marketplace
Disney reported a rare quarterly loss Tuesday — nearly $5 billion. Most of its business segments, from theme parks to cruise lines, are faring poorly in the pandemic. There was a bright spot, though: Steep losses were somewhat offset by the performance of its media business. Disney explained that one big reason has to do […]
FASB simplifies accounting for convertible instruments, contracts in own equity
FASB issued a new standard Wednesday that is designed to simplify financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity. The board reduced the number of accounting models for convertible debt instruments and convertible preferred stock. This will result in fewer embedded conversion features being separately recognized from the […]
Proper raises $4.8 million to become the ‘Uber of property accounting’ – HousingWire
This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Stay tuned for updates. Proper, an AI-powered accounting and bookkeeping service for the multifamily industry, announced Wednesday it has raised $4.8 million in seed funding in a round led by MetaProp. Expa (which was founded by […]
New FAQs address PPP loan forgiveness issues
The U.S. Small Business Administration (SBA), in consultation with Treasury, released guidance Tuesday answering 23 frequently asked questions regarding the forgiveness of Paycheck Protection Program loans. The FAQs, published in a new 10-page document, are divided into four sections addressing different aspects of the process and calculations PPP borrowers should use to determine how much […]
5 Common Business Budget Mistakes That Can Throw Your Whole Year Out of Whack
A budget can act as a little roadmap to guide your business through the year. It can help you avoid overspending, make educated financial decisions, and stay organized. But if you aren’t careful, you could wind up making budget mistakes that negate all of these benefits. Learn about common budgeting mistakes and what to do […]
Proposed rules govern carried interests
The IRS issued proposed regulations (REGS-107213-18) on the tax treatment of carried interests. Carried interests are ownership interests in a partnership that share in the partnership’s net profits. They are often transferred in connection with the performance of substantial services by an individual. Proceeds from that individual’s partnership interest are often taxed as capital gain rather […]
Art of Accounting: More advice for new accountants – Accounting Today
Most new accountants start in a pretty standard way. It doesn’t matter so much how smart you are or how well you did in school; the firm still needs to train you and get a feeling for your ability. If you are good, then at some point you will break away from the normal progression […]