Accounting
Latest News
Businesses Boarding Up as Floridians Go Inland to Avoid Hurricane Milton
AICPA Comments on Dual Consolidated Losses, Disregarded Payments
Convenience Stores Face Many Challenges on Regulated Business Licenses
Finance Sector Hit Hardest By Job Scammers, Report Finds
BDO Alliance Turns to Analytic.li to Provide Workforce Analytics
Indiana-based analytic.li is now providing strategic workforce analytics cloud-based solutions to clients and independent members of the BDO Alliance USA, as part of its Vendor Marketing Program.
Emergency Preparedness: Understanding Your Company’s Cash Position
If you’re new to the term “cash position,” here’s an overview: cash position refers to an organization’s funds after accounting for liabilities and expenses. Essentially, it’s money that can be invested toward additional business opportunities or used to subsidize unexpected losses. And during a crisis—like the one going on today—knowing your cash position is essential […]
AccuFund Partners with EFPR Solutions to Deliver the AccuFund Accounting Suite in New York State
AccuFund, Inc., provider of financial reporting and accounting software for nonprofit, municipal and government organizations, has announced a reseller partnership agreement with EFPR Solutions, LLC in Rochester, NY, a professional services firm ...
Senate Passes Additional $484 Billion Stimulus Package
The Senate passed $484 billion in new pandemic relief funds Tuesday to bolster a tapped-out small business aid program, pay for coronavirus testing and help hospitals deluged by sick patients.
AICPA Auditing Standards Board Agrees to Defer SASs 134-140 Dates for One Year
The effective dates of the SASs were for audits of private company financial statements for periods ending on or after December 15, 2020. The deferral means that effective dates now apply for periods ending on or after December 15, 2021.
SSA, SSI, VA & Railroad Retirement Recipients Must Act by Wednesday to Add Children to Coronavirus Stimulus Payment
Their $1,200 payments will be issued soon and, in order to add the $500 per eligible child amount to these payments, the IRS needs the dependent information before the payments are issued. Otherwise, their payment at this time will be $1,200 and, by law,
AICPA Calls for More IRS Guidance in CARES Act Employee Retention Credit Provisions
The American Institute of CPAs (AICPA) has submitted seven recommendations to the Department of the Treasury and the Internal Revenue Service (IRS) calling for much needed clarity and guidance in how small businesses should apply certain employee ...
CARES Act Changes Rules for Business Interest Deductions
The new Coronavirus Aid, Relief, and Economic Security (CARES) Act provides some much-needed relief for businesses hindered by a cap on business interest deductions. Icing on the cake: The tax changes are retroactive to 2019.