For years, professional associations and regulatory boards lacked hard data that demonstrated the value of licensing amid state regulatory threats to licensure in highly technical professions. In 2020, the Alliance for Responsible Professional Licensing (ARPL) sought to fill that information gap by commissioning Oxford Economics to help people better understand the nuanced impacts of licensing […]
What Is a DUNS Number?
Dun, dun, dun! If you’re unfamiliar with what is a DUNS number, now might be the time for a quick overview. Otherwise, you might not know if you need one for your business. With so many identification numbers and so little time, we’ll keep this short, sweet, and to the point. Read on to learn […]
Contemporary Accounting Forum 2021: Technology in Accounting – The Ledger
Accounting professionals talk to UWT about technology in accounting and how students can best utilize technology and networking skills. Coauthored by: Garrett Yaen Last week, the Ledger took a look at the 2021 Contemporary Accounting Forum — a forum dedicated to covering issues in today’s business environment pertaining to accounting — and discussed it with […]
Less than half of accountants say the profession is equitable – Accounting Today
The accounting profession is struggling to build a fully equal and inclusive workplace — and that is causing diverse professionals to leave firms altogether, according to a new report. Co-authored by the Institute of Management Accountants and the California Society of CPAs, the report, “Diversifying U.S. Accounting Talent: A Critical Imperative to Achieve Transformational Outcomes,” […]
New PPP changes attempt to ease smallest businesses’ access
News MANAGEMENT ACCOUNTING By Jeff Drew The administration of President Joe Biden announced Monday that it would institute a two-week period starting Wednesday during which only businesses with fewer than 20 employees will be able to apply for Paycheck Protection Program (PPP) loans. The exclusive application window is one of several moves the White House […]
PPP processing delays continue
Measures implemented by the U.S. Small Business Administration (SBA) to screen for potential fraud in Paycheck Protection Program (PPP) applications continue to cause stress and delays in the system, AICPA executives said during an online Town Hall. Stung by reports of widespread fraud during the first iteration of the PPP last year, the SBA instituted […]
PPP processing delays continue
Measures implemented by the U.S. Small Business Administration (SBA) to screen for potential fraud in Paycheck Protection Program (PPP) applications continue to cause stress and delays in the system, AICPA executives said during an online Town Hall. Stung by reports of widespread fraud during the first iteration of the PPP last year, the SBA instituted […]
Patriot Announces One-Click Settings for Faster and Easier Accounting Onboarding – Yahoo Finance
TipRanks Billionaire Ray Dalio Places Bet on 3 “Strong Buy” Stocks When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing […]
Weak accounting standards enable Illinois budget deficits – Illinois Policy
While the private sector is held to a higher standard, rules from the Governmental Accounting Standards Board have enabled Illinois to engage in reckless financial practices that harm taxpayers and the state’s economy. Bad accounting has helped Illinois politicians avoid balancing the budget for 20 years, despite a constitutional requirement to pass a balanced budget […]
IRS provides cafeteria plan relief for the pandemic
In response to the COVID-19 pandemic, Congress enacted temporary special rules for health flexible spending arrangements (FSAs) and dependent care assistance programs under Sec. 125 cafeteria plans. The new rules were put in place as part of the Consolidated Appropriations Act, 2021 (CCA), P.L. 116-260, enacted in December 2020. The IRS has now provided these […]