The IRS announced Friday that, effective Jan. 31, 2020, applications for tax-exempt status under Sec. 501(c)(3) must only be submitted electronically (Rev. Proc. 2020-8). Taxpayers will no longer be able to file Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, on paper, but must complete and submit the […]

The SEC voted to propose amendments designed to simplify and enhance certain company financial disclosures and issued guidance on key performance indicators and metrics in management’s discussion and analysis (MD&A). Item 301 (selected financial data) and Item 302 (supplementary financial data) would be eliminated from Regulation S-K under the proposal. Meanwhile, Item 303 would be […]

With popularity of Mutual Funds you must have heard “Mutual fund investments are subject to market risks. Please read the offer document carefully before investing“. But are only mutual fund investments have risk and other investments are risk-free? In fact you might not realize but what you consider as “Safest” also carries some risk. This post tells you […]

With popularity of Mutual Funds you must have heard “Mutual fund investments are subject to market risks. Please read the offer document carefully before investing“. But are only mutual fund investments have risk and other investments are risk-free? In fact you might not realize but what you consider as “Safest” also carries some risk. This post tells you […]

Serving on a not-for-profit board can be a rewarding experience, as board members’ involvement in organizational planning can help the not-for-profit fulfill its mission. To achieve this, it’s important for board members to consider a core element of many not-for-profit organizations: the volunteers. Why do volunteers matter? Not-for-profits cannot always depend on extensive financial resources […]

Intuit has released several updates for QuickBooks Online, QuickBooks Online Accountant and QuickBooks Online Advanced. QuickBooks Online and QuickBooks Online Accountant: Business view For QuickBooks Online and QuickBooks Online Accountant, “business view” is now available to help new small business users get up and running quickly on the platform. Business view is meant to reduce […]

Aadhaar today is the most important identity document in India as this has to be linked to various services like bank accounts, investments, insurance, mobile connections, PAN card. Additionally you need Aadhaar for getting new mobile connection or open new bank account. With rising importance Aadhaar, it is also eye candy for fraudsters mainly for […]

You don’t need to approach this spring in fear of the IRS. January 29, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. To help reduce your fears of a government audit, February is the best time of year to meet with your CPA to review your tax strategy, review your documentation […]

At the 1,000 largest U.S. public companies, the portion of CFOs who are certified public accountants fell to about 36% last year, according to organizational consulting firm Korn Ferry. Photo: iStock By Mark Maurer Jan. 29, 2020 5:30 am ET Directors of Hannon Armstrong Sustainable Infrastructure Capital Inc. congregated in the boardroom in late 2018. […]