Accounting
Latest News
Report Shows Hybrid Work is Good for Business
Retail Sales Grew in July
AICPA Asks IRS to Simplify Filing of Revised Form 8308, Exchanges of Partnership Interests
FASB Issues 2024 Investor Outreach Report
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Diversity Hiring of Graduates into the Accounting Profession is Increasing: AICPA Trends Report
The diversity of graduates hired into accounting and finance functions of U.S. CPA firms is on the rise with an increase of almost five percentage points from 30.1 percent in 2018 to 34.8 percent in 2020, according to the “2021 Trends: a report on ...
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5 Benefits to Moving Your Clients From QuickBooks Desktop to QuickBooks Online—and a Special Offer not to be Missed
Serve your clients in productive ways, get more business, and free up your time to focus on improving your firm. Who wouldn’t want this for their business?
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New Accounting Standards Align Hedge Accounting with Risk Management
The ASU expands the current single-layer method to allow multiple hedged layers of a single closed portfolio under the method. To reflect that expansion, the last-of-layer method is renamed the portfolio layer method.
Marketplacer Partners with Avalara to Automate Sales Tax Compliance
Marketplacer is now part of Avalara's "Certified for AvaTax" program, which features integrations that perform at the highest level to provide the best possible customer experience. The new partnership with Avalara gives both marketplace operators ...
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New Rules Aimed at Enhancing Disclosures and Investor Protection for SPACS and Shell Companies
"To enhance disclosure and investor protection in initial public offerings by special purpose acquisition companies (SPACs) and in business combination transactions involving shell companies, such as SPACs, and private operating companies."
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Employee Theft Is a Risk for Every Business: Here Are 12 Tips for Preventing It.
All business owners want to believe that the people they hire, entrust to do work for them, and pay would never betray them, the company, or their coworkers by stealing from the business. Unfortunately, the statistics say otherwise.
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Illinois CPA Society Announces 2022-2023 Board of Directors
The Illinois CPA Society (ICPAS), one of the largest state CPA societies in the nation, has announced its new board of directors, serving during the April 1, 2022, to March 31, 2023, fiscal year.
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FASB Expands Disclosures and Improves Accounting Related to Credit Loss Standard
During the FASB’s PIR of the credit losses standard, including a May 2021 round table, investors and other stakeholders questioned the relevance of the troubled debt restructuring (TDR) designation and the decision usefulness of disclosures about ...