Accounting, Online AS If you’re fascinated by numbers, a degree in accounting may be right for you. Accounting focuses on the day-to-day operations of an organization’s finances: preparing financial records, making sure the books balance, and adhering to any tax regulations.
Risk-taking is critical for women in accounting: Engage – Accounting Today
Drawn in by an ad for SAP consultants that read, “Astronauts wanted,” Melanie Kanaka left her comfortable job in accounting at a major conglomerate in Sri Lanka — and almost immediately began questioning the decision. SAP’s ERP software was new to her and the training was grueling. “I was thinking, ‘Did I make a mistake?’” […]
“Do I Need to Open a Business Bank Account?” (Asks Business Owners Everywhere)
So, you’ve started your dream venture (cue the applause and the confetti cannons!). But now, it’s time to get your registrations out of the way. You might be wondering: Do I need to open a business bank account? Well, wonder no more. We’ve got the scoop below. Do I need to open a business bank […]
SBA streamlines forgiveness process for most PPP loans
The U.S. Small Business Administration (SBA) published new guidance Wednesday designed to simplify and speed up the forgiveness process for businesses and not-for-profits with Paycheck Protection Program (PPP) loans of $150,000 or less. The SBA also announced that it will launch a new application portal Aug. 4, allowing borrowers to apply for forgiveness directly with […]
COSO provides guidance on application of ERM to cloud computing
Enterprise risk management for cloud computing, which has emerged as an important issue for companies in an environment with numerous technological opportunities and cybersecurity threats, is addressed in new guidance issued Wednesday by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The guidance in Enterprise Risk Management for Cloud Computing uses the principles […]
Machine learning in accounting and what it means for business – Accounting Today
If you’ve ever messaged an online chatbot or asked Alexa a question, you’ve used machine learning. But do you know how machine learning in accounting can make a startup or small business’s processes more accurate and efficient? Machine learning is the application of computer algorithms to identify data patterns and use them to make more […]
COBRA premium assistance credit clarified further
In 11 questions and answers, the IRS on Monday gave additional guidance to employers, health insurers, and plan administrators on how to provide laid-off employees temporary assistance paying for COBRA continuation coverage and claim a corresponding tax credit (Notice 2021-46). In May, the Service issued Notice 2021-31, containing a set of 86 questions and answers […]
Shuttered Venue Operator Grant awards top $7.5 billion, SBA says
The U.S. Small Business Administration (SBA) has awarded more than $7.5 billion in Shuttered Venue Operator Grants (SVOGs) to about 10,000 live entertainment venues, small businesses, and not-for-profits, the agency announced Tuesday. The $16.25 billion SVOG program provides eligible applicants with grants equal to 45% of their gross earned revenue, up to a maximum of […]
Why CPA firms need to know about restricted top-level web domains
New top-level web domains, such as .cpa, are growing in popularity with progressive organizations. Some of the more well-known ones are .ai, .io, and .xyz. If your firm is looking to modernize its digital front door, here’s what you need to know about these new top-level web domains (TLDs) and why you may want to consider using […]
Digital Payments Are a Staple in Friendships, but What About Business?
Thanks to digital payments, gone are the days where you need to carry cash with you everywhere you go. And, you don’t even have to bring your physical credit or debit cards, either. Chances are, some of your customers have swapped their cash and cards in favor of making contactless payments, too… …Which is why […]