If you’ve been keeping up with the news, you know that the IRS began sending out Economic Impact Payments to qualifying recipients. These stimulus checks will go out in a few rounds, so don’t panic if you weren’t included in the first send-off. Economic Impact Payments: Q&A An Economic Impact Payment is a government-issued stimulus […]
Pandemic alters lease accounting landscape – Journal of Accountancy
In addition to causing enormous disruption to health, safety, and the economy across the globe, the coronavirus pandemic has significantly altered the landscape for CPAs related to the lease accounting standard. The changes include a potential effective date delay of FASB’s new lease accounting standard for certain entities, including private companies; a monumental increase in […]
SBA publishes new PPP guidance for the self-employed and general partners
The U.S. Small Business Administration issued a new interim final rule Tuesday that supplements the guidance for the Paycheck Protection Program (PPP) included in the first interim final rule for the PPP issued on April 2 and FAQs that are being updated periodically. The additional guidance provides specific information on calculating the maximum loan amount […]
Cloud-based Accounting Software to Enhance Efficiency in The $574 Billion Accounting Services Market, Reports TBRC – Yahoo Finance
Read More On The Business Research Company’s Accounting Services Market Report: Artificial Intelligence In Accounting Services Accounting Services Using New Communication Technologies Technology is driving collaboration between accountants and clients in the accounting services market. It is being driven by portals, tools and technology that promote simple flow of information between accountants and businesses. New […]
Coronavirus Loan Options to Help Get Your Business Back on Its Feet
It’s no secret that the coronavirus (COVID-19) pandemic has taken a toll on businesses across the nation. And with many small businesses struggling due to government and state shutdowns, companies are seeing a decline in cash flow. So, what’s a business owner to do during a crazy time like this? To help rebound from the […]
Tips for auditing with changed controls during the pandemic
The coronavirus pandemic has raised a number of questions about how to properly audit financial statements when internal controls have changed due to dramatic changes in an entity’s business volume and activities. The auditing standards (GAAS) require the auditor to obtain an understanding of controls that are relevant to the audit and assess whether they […]
Art of Accounting: Future of the small firm amid coronavirus – Accounting Today
I believe the future of the small accounting firm is bright and secure. Right now there are many challenges such as the coronavirus pandemic, along with extremely unsettling moments, unpleasant client interactions, cash squeezes and an overload of new things that have to be learned in a miniscule time. However, I’ve spoken to many owners […]
Fifth-Largest US Accounting Firm Partners With Crypto Tax Tech Company – Cointelegraph
Blockchain-native software and tax services company, Lukka, has been chosen to provide crypto taxation software to the fifth-largest accounting firm in the United States, RSM. Cointelegraph spoke to Lukka CCO Jeremy Drane, and RSM senior manager of international tax and blockchain/cryptocurrency, Jamison Sites, to find out more about the partnership between the two firms. Lukka […]
Helena College moving programs under Business, Accounting fully online – FOX 28 Spokane
HELENA- Beginning in Fall 2020, Helena College is moving programs under Business and Accounting fully online. These will be the first programs the college has moved to be fully online according to a release from Helena College. There will be optional scheduled class times where students can virtually meet with their instructor and classmates. “Our […]
CPA Exam testing center closings extended through May 1
News PROFESSIONAL DEVELOPMENT By Ken Tysiac {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} The coronavirus pandemic has cut even more into the second-quarter testing window for the CPA Exam as Prometric announced Friday that its testing centers in the United States and Canada will remain closed through at least May 1. Earlier, Prometric had […]