FASB Votes to Move Ahead with Proposed Crypto Asset Accounting Standard
Companies would be required to measure crypto assets, like Bitcoin and Ethereum, using fair value accounting.
SMB Accounting Advisor
Inflation Rate Drops for 6th Month; Housing Market Still High
There’s good news on the inflation front: December 2022 marked the sixth straight month that the U.S. rate of inflation has decreased.
U.S. Economy Expands at 2.9% Rate in Q4
The U.S. economy expanded at a healthy pace in the fourth quarter, though signs of slowing underlying demand mounted as the steepest interest-rate hikes in decades threaten growth this year.
CRI Expands Into Oklahoma After Merger with Stanfield + O’Dell
Carr, Riggs & Ingram now has its first location in Oklahoma after combining with Tulsa-based Stanfield + O’Dell.
82% of Texans in Favor of Legalizing Medical Marijuana
While 66% of those polled said they believe legalization would be good for state and local government revenue, there were concerns by many about whether it would encourage increased use.
Consumers Plan to Increase Valentine’s Day Spending to Nearly $26 Billion
Consumers are expected to spend $25.9 billion on Valentine’s Day this year, up from $23.9 billion in 2022 and one of the highest spending years on record.
U.S. Housing Market Down 2.5% Since June 2022
Last year’s run-up in mortgage rates cast a chill on the housing market, leading to the worst annual slide in sales of previously owned homes in more than a decade.
Avalara AvaTax, Returns, and Exemption Certificate Management Achieve SOC 2 Type 2 Compliance
The audit provides customers with assurance that Avalara is accountable, responsible, and transparent when it comes to the handling and security of their ...