The pandemic made us all realize just how important having a good accounting framework in place is for small- and medium-sized businesses. Sadly, I saw so many of my clients struggle with the basic know-how needed to fill out the forms and paperwork required for Payroll Protection Program and Economic Injury Disaster Loans. For some, […]

It is very important to have a good Credit (CIBIL) score as it plays a very vital role in one’s financial life. The biggest impact is you may not be able to take loan from most know financial institutions or banks in India with poor CIBIL Score. And in today’s scenario its very difficult to survive […]

Taxation of CPA services was a hot topic in several state legislatures this year as states sought to fix expected revenue shortfalls. “Some states will be dealing with some sort of budget difficulties going into 2021 and 2022,” said Megan Kueck, lead manager–State Regulation & Legislation at the AICPA. “They are looking at expanding their […]

Have you ever looked at your CTC (salary) structure and wondered what the Gratuity component sitting at the very bottom is all about? How is this gratuity calculated? What is the Formula used? When would it be paid? In this post answer these questions and also give you an Excel Gratuity calculator. Using the Gratuity […]

Three leaders of the Black CPA Centennial’s organizing partners — whose everyday missions support and promote the advancement of Black CPAs — offer insights on the main barriers Black professionals face, the roles their organizations play in helping overcome those barriers, and what the CPA profession can do collectively to progress in achieving diversity, equity, and […]

The U.S. Supreme Court held on Thursday that several states and other plaintiffs that sued, asking the federal courts to declare unconstitutional the so-called individual mandate in the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148, did not have standing to sue because they could not show that they had suffered or would suffer […]

The Virginia Society of CPAs Educational Foundation announced its college scholarship recipients for the 2021–22 academic year. The foundation awarded a total of $59,250 in undergraduate, graduate and doctoral scholarships this year to 26 accounting college students across Virginia. The foundation also awarded a VSCPA Minority Scholarship this year, bringing the total number awarded to […]

“I can’t breathe.” Three words seared into the minds of Black and Brown people in the United States and the world over. We heard George Floyd say it, we heard Derrick Scott say it, and we saw with ghastly clarity Eric Garner utter the same words. These words resonate because to be Black or Brown […]

Jeff Stuart Over the past few years, professional services firms worked diligently to understand and implement the new revenue recognition standards which had minimal impact on recognition, but did enhance the notes to their U.S. Generally Accepted Accounting Principles (“GAAP”) basis financial statements. Now firms should be turn-ing their attention and focus to the impact […]