In Brief In the early decades of the last century, women CPAs were not as common in the accounting profession as they have become today. The article focuses on the life and career of Jennie May Palen, the highest ranking and highest paid woman CPA from the 1920s to 1940s. The opportunities seized by Palen […]

This 10-course bundle is taught by a CPA. Free Book Preview Tax and Legal Playbook Get game-changing solutions to your small business questions. February 15, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small […]

New York City Mayor Bill de Blasio on Friday called for a “full accounting” of the circumstances behind an alleged coverup by Gov. Andrew Cuomo’s administration of the number of New Yorkers who died in nursing homes in the early days of the COVID-19 pandemic. “It’s very troubling. We’ve got to know more. We now need […]

Verady, which makes the cryptocurrency tax and accounting platform Ledgible, has joined the Accounting Blockchain Coalition as a member. The ABC generates working papers, education and other resources on important issues around cryptoassets and the tax and accounting ecosystem in the United States as well as globally. Verady will now contribute to that output. Verady […]

The release of the Office of Management and Budget’s (OMB’s) Compliance Supplement addendum for single audits right before Christmas gave practitioners long-awaited guidance for these specialized audits that are especially complicated because of the surge in government funding related to the coronavirus pandemic. But the release also created expectations for practitioners who perform single audits. […]

Every year, for decades, the City of Chicago claimed to balance its budget as required by state law. Yet the City of Chicago still accumulated many billions of dollars of unfunded but real obligations, even as it “balanced its budget.” How? To the detriment of many state and local governments, budget decisions are being made […]

The U.S. Small Business Administration (SBA) announced changes Wednesday designed to reduce delays in the Paycheck Protection Program (PPP) approval process. Millions of small businesses have applied for PPP forgivable loans since it reopened Jan. 11 with $284 billion in fresh funding. A significant percentage of those applications has been held up by process and […]

FASB responded to an urgent pandemic-related accounting concern Wednesday by voting to provide private companies and not-for-profits with an alternative to the requirement to monitor and evaluate goodwill impairment triggering events throughout the fiscal year and potentially measure a goodwill impairment at the date of triggering events. FASB voted Wednesday to provide an accounting alternative […]