As a business owner, you’ve probably made purchases for your company on credit before. And if you make a lot of purchases on credit, tracking how much you owe each vendor can be overwhelming. The solution? An accounts payable aging report. What is an accounts payable aging report? So, what is an AP aging report? […]
Advice for building trust when everything’s changing
Joselin Martin, CPA, CGMA, joined a construction company where the founder was adjusting to his new role as a senior executive. Jeff Livesay, CPA, CGMA, was hired to help transition a firm from first generation to second with its first new leadership team in nearly 40 years — at the same time the firm started […]
Accounting for finance is key for climate mitigation pathways – EurekAlert
A new study published in the journal Science, highlights the opportunity to complement current climate mitigation scenarios with scenarios that capture the interdependence among investors’ perception of future climate risk, the credibility of climate policies, and the allocation of investments across low- and high-carbon assets in the economy. Climate mitigation scenarios are key to understanding […]
Paid FMLA Tax Credit Renewed—Can You Claim It?
The Family and Medical Leave Act (FMLA) requires certain businesses to offer employees unpaid leave for qualifying situations. But, there’s no federal law that requires you to offer employees paid family and medical leave. If you voluntarily decide to pay employees who use this type of leave, you could be eligible for an FMLA tax […]
Bloomberg Tax & Accounting Streamlines Multistate NOL Management with New Software Enhancements – Johnson City Press (subscription)
ARLINGTON, Va., May 19, 2021 /PRNewswire/ — Bloomberg Tax & Accounting today announced enhancements to State NOL Manager, formerly known as State Tax Analyzer, an all-in-one compliance, provision, and planning application for multistate businesses with net operating losses (NOLs) across multiple states. State NOL Manager eliminates the guesswork and stress of tracking losses across entities, […]
COBRA premium assistance credit under ARPA clarified
In 86 questions and answers, the IRS in Notice 2021-31 gave employers, health care plans, and insurers background and clarifications on how to provide premium assistance for COBRA health care continuation benefits to affected employees and other beneficiaries and claim a corresponding tax credit. The temporary premium assistance and credit are available under the American […]
Restaurant Revitalization Fund to stop accepting applications Monday
The Restaurant Revitalization Fund (RRF) will officially stop accepting applications Monday, May 24, at 8 p.m. ET, the U.S. Small Business Administration (SBA) announced. While the application window won’t close until Monday, it realistically remains open only to the smallest providers of on-site food and drink. The SBA revealed last week that the RRF had […]
Diverse faculty attracts diverse students
Having diversity in the front of the classroom benefits all students, especially the students of color who may not be used to seeing people like themselves in that position, said Mark Dawkins, CPA, Ph.D., professor of accounting at the University of North Florida and the first Black CPA, Ph.D., president-elect of the American Accounting Association. […]
Leaders Position House G.O.P. Against Independent Accounting for Jan. 6 Riot – The New York Times
WASHINGTON — Top House Republicans urged their colleagues on Tuesday to oppose bipartisan legislation creating an independent commission to investigate the Jan. 6 Capitol attack, positioning their conference against a full accounting of the deadly riot by a pro-Trump mob. Representative Kevin McCarthy, Republican of California and the minority leader, announced his opposition in a […]
Leaders Position House G.O.P. Against Independent Accounting for Jan. 6 Riot – The New York Times
WASHINGTON — Top House Republicans urged their colleagues on Tuesday to oppose bipartisan legislation creating an independent commission to investigate the Jan. 6 Capitol attack, positioning their conference against a full accounting of the deadly riot by a pro-Trump mob. Representative Kevin McCarthy, Republican of California and the minority leader, announced his opposition in a […]