Abilene-based accounting firm Ray & Company, P.C. will become a part of Condley and Company L.L.P., also based in Abilene, effective Nov. 1, according to a Tuesday news release from Condley and Company. “Our merger with Condley and Company provides us with many new resources,” said Ray & Company president Hobby Stevens in the release. […]
Why Zoom meetings really do leave you exhausted
Marc Staut recalled the disappointment felt by some of his CPA firm clients as they introduced new information systems about a year ago. The project planning went fine. So did training the client firms’ professionals. The rollout may have been a bit aggressive in its scheduling, but it, too, went off without a hitch, and […]
AccountingGo releases free accounting software, firm roster – Accounting Today
AccountingGo has released its free accounting software platform in several major U.S. cities. AccountingGo works by providing a free directory of young accounting and advisory firms, with the idea that they provide more personal, affordable services. The company focuses on firms less than three years old and provides search filter options such as location, specialty […]
PPP forgiveness: No need to rush, and other tips
Although forgiveness for Paycheck Protection Program (PPP) loans is a foremost topic on the minds of borrowers and the CPAs who advise them, experts are saying borrowers should not rush to apply for forgiveness. Long-expected FAQs expected to clarify many PPP-related issues are still awaited from the U.S. Small Business Administration (SBA) and Treasury. In […]
What women need to rise in the accounting profession
Women are underrepresented as partners and top executives in the accounting profession. Changing that requires pulling three levers: talent acquisition, retention, and promotion. Each lever has to be operating, and none can be missing to help women — particularly women of color — advance in the field, speakers at an ENGAGE 2020 panel advised on […]
What women need to rise in the accounting profession – Journal of Accountancy
Women are underrepresented as partners and top executives in the accounting profession. Changing that requires pulling three levers: talent acquisition, retention, and promotion. Each lever has to be operating, and none can be missing to help women — particularly women of color — advance in the field, speakers at an ENGAGE 2020 panel advised on […]
Provider Relief Funds included in audit determination, HHS says
Provider Relief Fund payments are required to be included in the federal funding that determines whether nonfederal entities meet the $750,000 threshold for single audit requirements and whether for-profit entities are required to meet audit requirements, the U.S. Department of Health and Human Services (HHS) announced Wednesday. Created by the Coronavirus Preparedness and Response Supplemental […]
Accounting Today names 2020 Best Firms to Work For – Accounting Today
Accounting Today and Best Companies Group have announced the members of the 2020 Best Accounting Firms to Work For list. The annual survey and awards program is designed to identify, recognize and honor the best employers in the accounting profession. The list is made up of 100 firms (in alphabetical order and unranked): Abacus CPAs […]
What Is an IPO? The Process of Going Public
If your business is private, at some point or another you may consider going public. When you go public, you go through an IPO process. So, what is an IPO? Read on to learn the ins and outs of an IPO, what the process entails, and the pros and cons of going public. What is […]
Answers to 4 common accounting and auditing questions – Journal of Accountancy
Recently issued FASB standards for revenue recognition, lease accounting, and the private company variable-interest entity (VIE) consolidation have led to companies’ and practitioners’ asking a host of questions about the preparation and auditing of financial statements. During the AICPA’s ENGAGE 2020 virtual conference Tuesday, some of these frequent questions were addressed by Center for Plain […]