Featured News
-
Simpler rules for convertible instruments, own equity
The FASB recently issued a new standard to improve financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity.
-
Using automation to save time on AP tasks
Seven in 10 finance teams (72%) spend up to 10 people-hours per week – or 520 hours per year – on AP-related tasks suited for automatic solutions, according to a new survey.
-
New PPP loan forgiveness FAQs
The U.S. Small Business Administration recently released guidance answering frequently asked questions regarding the forgiveness of Paycheck Protection Program loans.
-
Proposed rules govern carried interests
The IRS is now requesting comments after proposing new rules on the tax treatment of carried interests.
-
GASB seeks field test participants
The GASB is seeking participants for a field test of the standards it proposed in the Preliminary Views, Revenue and Expense Recognition, in June 2020.
-
More relief for building rehabilitation credit
The IRS has issued additional relief in satisfying the substantial rehabilitation test to lessen the burden on taxpayers claiming the rehabilitation credit during the COVID-19 pandemic.
-
Agility key to navigating COVID-19
Clients desperately trying to navigate the coronavirus pandemic need the assistance of accounting practices that can quickly pivot to provide services.
-
IRS now accepting Form 3115 requests via fax
The IRS is now allowing taxpayers to fax duplicate copies of their automatic method change requests.
-
Risk management lessons from the pandemic
Executives are still learning important takeaways from the COVID-19 pandemic, says one risk management expert, and planning ahead for risks is crucial to their company’s success.
-
Firms go beyond traditional services
Many accounting firms are moving beyond traditional accounting and compliance services and offering more strategic offerings, according to a new survey.