Zion Market Research analysts forecast the latest report on “Legal accounting software Market – Top Participant To Focus On Regional Expansion”, according to their latest report. The global Legal accounting software Market report provides significant information about Legal accounting software Market by fragmenting the market into different segments. Global Legal accounting software Market Report concentrates on […]
IRS posts FAQs about coronavirus-related filing and payment extensions
In response to practitioners’ questions about the filing and payment deadline extension announced Friday in Notice 2020-18 (discussed here), the IRS posted 24 questions and answers on its website Tuesday. The answers clarify that only payments that are actually due on April 15 are delayed. Therefore, first quarter 2020 estimated income tax payments and Sec. […]
Count the Ways an Electronic Funds Transfer Process Can Benefit Your Business
As a business owner, you’re likely always on the hunt for ways to save time and money. Maybe you use basic accounting software to track incoming and outgoing money. Or, maybe you automate your email marketing with a tool that sends emails to your customers or vendors for you. If you love saving time and […]
PCAOB provides firms opportunity for inspection relief
Registered audit firms that request relief from PCAOB inspections as a result of the coronavirus pandemic will be granted up to a 45-day relief period, with the exception of providing the board access to audit documentation for certain engagements. The PCAOB advised audit firms that wish to use all or part of the 45-day relief […]
COVID-19: How the Accounting Community is Helping – Accountingweb.com
AccountingWEB recognizes your struggles at this difficult time and as a business ourselves, our goal is always to provide you with practical, useful information that can in some way improve or support your professional lives. As such, we have created this article as a resource to share what accounting software companies and firms (or even […]
Regulators clear way for certain loan modifications amid pandemic
Borrowers concerned about meeting loan obligations amid the disruption caused by the coronavirus pandemic got some relief Sunday from a host of regulators who pledged jointly to clear the way for critical loan modifications. A statement issued by several federal and state banking regulators spelled out agreement to ease certain restrictions that borrowers might normally […]
Bank Regulators Ease Accounting for Troubled Debt Modifications – Bloomberg Tax
Six banking regulators on Sunday offered accounting relief to banks facing an onslaught of customer requests to extend loan terms or reduce interest rates due to the new coronavirus pandemic. The agencies said in a joint statement that not all loans modified because of Covid-19 should be considered troubled debt restructurings. The statement matters because […]
UHV graduate accounting program receives national ranking | News – Victoria Advocate
A University of Houston-Victoria graduate accounting program recently was ranked by a national website as one of the five most affordable programs in the nation. Master’s Program Guide, a website that ranks higher education programs, named the UHV School of Business Administration’s Strategic Master of Business Administration with a concentration in accounting fifth on its […]
IRS provides guidance for April 15 filing delay
Late on Friday, the IRS officially announced that, because of the ongoing coronavirus pandemic, tax returns due April 15 will not have to be filed until July 15 this year. Notice 2020-18 was released hours after Treasury Secretary Steven Mnuchin had broken the news in a tweet (see prior coverage here). The AICPA expressed its […]
Coronavirus and financial reporting: Report addresses key issues
As the coronavirus outbreak puts pressure on health care systems and wreaks havoc on businesses throughout the world, the duty of financial statement preparers and CPA practitioners remains the same. Regardless of the changing environment, preparers need to make sure the information their organizations present on financial statements is reported in accordance with GAAP. Auditors […]