inDinero Tax Tips

MARCH 3, 2021

Check out those dates in the 2019-2020 version of this calendar. All the deadlines for 2020 business taxes in 2021 by Type. The table below covers when each type of business entity needs to file 2020 income taxes in 2021 (for calendar year 1/1/20 through 12/31/20 filers): 2021 Tax Deadlines for Filing 2020 Business Returns.

business tax 59

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inDinero Tax Tips

MARCH 26, 2021

Changes for 2020 charitable deduction rules that won’t last forever. The CARES Act changed charitable deductions in 2020, anticipating a decline in revenues for philanthropic organizations. The changes to charitable deduction rules apply to 2020 but could stick around. Did charitable giving fall off a cliff in 2020?

Healthcare 52

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PYMNTS

DECEMBER 31, 2020

A survey from September 2020 found that 54 percent of Americans desired a contactless way to open new financial accounts or access existing ones, and new ATMs are being developed to meet these demands,” per the Tracker. It’s triggered a remaking of the entire sector.

Massachusetts 122

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inDinero Tax Tips

MARCH 31, 2021

Did you make extra money using your skills and experience on the side in 2020? What’s the penalty for not paying estimated taxes in 2020? I didn’t pay estimated taxes in 2020. According to DollarSprout’s 2020 Side Hustle Report , 20% of self-employed people were surprised by what they owed in taxes at the end of the year.

business tax 98

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Xero

APRIL 16, 2023

A 2020 study from IBM found that 6 in 10 consumers are willing to change their purchasing habits to reduce their impact on the environment. At the start of 2020, global sustainable investment reached USD $35.5 Attract customers. Attract investors. Evalue8 Sustainability. CarbonInvoice.

accounting and finance 111

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PYMNTS

JULY 19, 2020

After gaining access to the data, Plaid has reportedly been able to harvest large swathes of personal data, including banking and other financial accounts, through allegedly falsely making users believe that personal data is being used for communication directly with their banks. Early in 2020, Visa pledged to buy Plaid for $5.3

California 83

California accounting and finance financial accounting Finance 83

Anders CPA

JANUARY 8, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. Jeanne also served as a board member and secretary for the Missouri State Board of Accountancy.

Missouri 98

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CPA Practice

MARCH 7, 2023

Like many industries, the accounting profession needs more qualified people. There are high rates of retirement because almost 75% of CPAs reached retirement age in 2020, and few young people are interested in replacing them. Doing so could appeal to prospective clients and employees. You have to sell them.”

Technology 137

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Going Concern

JANUARY 2, 2023

While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. 8—Conceptual Framework for Financial Reporting—Chapter 2: The Reporting Entity.

accounting standards 98

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Cherry Bekaert

APRIL 26, 2024

The Financial Accounting Standards Board (FASB) issued two Accounting Standard Updates (ASUs) in the first quarter of 2024. The Government Accounting Standards Board (GASB) did not issue any new GASB Statements in the first quarter of 2024. However, FASB Concepts Statements are nonauthoritative.

accounting and finance 88

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Katz,Sapper&Miller

MARCH 3, 2020

That means nearly all of these businesses will be impacted by the Financial Accounting Standards Board’s (FASB) update to the accounting standards for leases under generally accepted accounting principles in the United States (GAAP). 15, 2020, will affect both lessors and lessees.

Manufacturing 56

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ThomsonReuters

MAY 19, 2021

These adverse circumstances have served to place a spotlight on the necessity for entities to have processes and systems in place to account for lease modifications properly. So will you apply modification accounting for lease concessions that won’t reasonably affect the entire lease term?

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PYMNTS

JANUARY 2, 2020

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., has released new guidance on computing costs for cloud computing to take effect for public businesses in 2020. 15, 2020, to adopt changes in the way they report on hedging and leases.

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PYMNTS

MAY 29, 2020

Financial institutions (FIs) have been adapting their platforms and technologies to better suit the needs of more digital consumers for decades, but the coronavirus has placed new importance and pressure on accelerating these efforts.

Technology 92

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PYMNTS

AUGUST 13, 2019

The social media giant itself claims Libra could help provide access to financial accounts for unbanked individuals, but some observers question the cryptocurrency’s ability to achieve such a goal and suggest other motives behind the project, such as an effort to collect more data. Serving Quick Payments to the QSR Industry.

financial accounting 62

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Cherry Bekaert

OCTOBER 25, 2023

The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. However, three of the four ASUs pertain to SEC guidance contained in the Codification and there were no new standards issued by the Government Accounting Standards Board (GASB) this quarter.

financial statements 111

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Going Concern

APRIL 21, 2023

. “silent layoffs”) are on the menu B4 Layoffs – USA by u/additional_cats in Big4 KPMG is diversifying its partner rank through sponsorships and succession planning [ Fortune ] Partners are among the most senior-level roles at accounting firms and some of the highest paid. 2023 KPMG U.S.

accounted 105

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PYMNTS

NOVEMBER 9, 2020

The mechanic of digital conduits, and the consent, open the door to digitization and data aggregation, simplifying and streamlining daily financial life. The consumer with a range of bank and other financial accounts spanning several firms can have all that data collected at a single point of access.

accounting and finance 114

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CPA Practice

DECEMBER 19, 2023

The Financial Accounting Standards Board (FASB) released what is likely to be its last proposed Accounting Standards Update (ASU) of 2023 on Tuesday, focused on improving the application and relevance of accounting guidance related to induced conversions of convertible debt instruments.

accounting standards 52

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inDinero Accounting

MAY 11, 2021

The Digital Transformation of accounting and the industry’s adoption of cloud accounting has raised the accounting software market to a value of $12 billion in 2020. There are hundreds of accounting software options because accountants have recognized that embracing technology is central to business performance.

Technology 95

Technology accounted Account accountant 95

Wendy Tietz

AUGUST 31, 2022

Wendy’s 2021 fiscal year ended January 2, 2022, and its 2020 fiscal year ended January 3, 2020. Wendy’s fiscal reporting periods consist of 52 or 53 weeks ending on the Sunday closest to December 31. To follow is a condensed […].

financial accounting 52

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Wendy Tietz

AUGUST 8, 2022

Wendy’s 2021 fiscal year ended January 2, 2022, and its 2020 fiscal year ended January 3, 2020. Wendy’s fiscal reporting periods consist of 52 or 53 weeks ending on the Sunday closest to December 31. To follow is a condensed […].

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PYMNTS

MAY 12, 2016

MasterCard and the government of Rwanda have announced a collaboration to help bring more of its citizens into the financial fold. As part of its Vision 2020 initiative, Rwanda is promoting moving toward a cashless economy, which is where MasterCard’s aid comes into the mix.

Government 40

Government financial accounting accounted Account 40

Cherry Bekaert

JULY 29, 2024

The Financial Accounting Standards Board (FASB) did not issue any new Accounting Standard Updates (ASUs) in the second quarter of 2024, while the Government Accounting Standards Board (GASB) issued one new GASB Statement. 100: Accounting Changes and Error Corrections —an amendment of GASB Statement No.

accounting standards 52

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CBH

APRIL 1, 2019

Last month, the Financial Accounting Standards Board (“FASB”) finalized new guidance that updates its definition of “collections” to be aligned with the definition used by the American Alliance of Museums. In Accounting Standards Update (“ASU”) No. Early application is allowed.

accounting standards 40

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inDinero Tax Tips

DECEMBER 13, 2020

We’d love to see 2020 one more time—in the rear-view mirror! If you have capital gains from appreciated investments (that are not tax-deferred like an IRA, 401(k), 403(b) and so on), then you might consider selling some investments before the end of 2020 to save income taxes. Before we bid this abysmal year farewell, let’s talk taxes.

Tax 52

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Going Concern

DECEMBER 22, 2023

Check out these excellent candidates from Accountingfly ready to get to work ASAP Top Remote Accounting Candidates: December 21, 2023 News Wirecard investor lawsuit against EY filed in Munich [ Reuters ] A new investor lawsuit is claiming more than 700 million euros ($771.40

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PYMNTS

JUNE 17, 2016

The Wall Street Journal reported on Thursday (June 16) that accounting rules are taking effect that would ensure that banks would have to report loans going south much earlier than had been done before, which may push reserves higher, eating into profits. The new rules have been issued by the Financial Accounting Standards Board.

Non-Profits 40

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PYMNTS

OCTOBER 21, 2020

Companies charged with protecting people’s data lost ground in 2020, after an abysmal 2019 of breathtaking data breaches. Securing P2P apps as well as other financial accounts will require banks to upgrade their security protocols and customers to take their security more seriously,” per the Playbook.

Gaming 56

Gaming financial accounting accounted Account 56

Going Concern

FEBRUARY 17, 2023

In its fifth outstanding probe into PwC’s work for British companies, the Financial Reporting Council is investigating the firm’s audits of the 2017 and 2018 accounts of Intu, whose shopping mall business collapsed at the height of the coronavirus pandemic in 2020.

Legal 98

Legal audit auditor South Carolina 98

Baruch Lev

FEBRUARY 5, 2021

In April 2020, Tapestry, Inc. ( Because in an interview with the Wall Street Journal (January 4, 2021), the Financial Accounting Standards Board (FASB) chair stated that goodwill accounting will be a priority for the U.S. By Feng Gu and Baruch Lev. on the announcement day. Why do I tell you this? The Economist (Sept.

accounted 52

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PYMNTS

OCTOBER 18, 2019

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., 15, 2020 to adopt changes in the way they report on hedging and leases. is offering corporates more time to adopt some revised standards, The Wall Street Journal said on Thursday (Oct.

accounting standards 40

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CPA Practice

JUNE 27, 2023

The Financial Accounting Standards Board (FASB) is looking to improve the accounting treatment for acquired financial assets that fall within the board’s current expected credit loss (CECL) standard , which was issued in 2016.

accounting standards 52

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Withum

JANUARY 29, 2024

3] For 2023, deal value decreased to the lowest point since 2017, outside of the COVID lockdown in 2020. [4] Venture Capital deal value in Q3 2023 fell to the lowest level since Q2 2018. [1] 2] This trend has been echoed in the private equity space with value through exits in US investments falling 26.4%

accounting and finance 64

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Cherry Bekaert

JANUARY 29, 2024

The Financial Accounting Standards Board (FASB) issued nine Accounting Standard Updates (ASUs), and the Government Accounting Standards Board (GASB) issued only one new GASB Statement in 2023. The latest issue of the Rundown features a summary of the new standards issued in the fourth quarter 2023.

income tax 95

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Accounting Insight

AUGUST 8, 2023

On the other hand, in many of the most relevant accounting and financial scandals, it can be seen that the existing signals were ignored. This is what happened with the Madoff case in 2008 or the Wirecard scandal in 2020. In this case, attention must be paid to significant and unjustified variations in the accounts.

accounted 52

accounted Account accountant auditor 52

Cherry Bekaert

JULY 20, 2023

The Financial Accounting Standards Board (FASB) has issued only two new Accounting Standard Updates (ASUs) and the Government Accounting Standards Board (GASB) has not issued any new GASB Statements in 2023. Standard setters have been relatively inactive this year. incurred credit losses”). incurred credit losses”).

income tax 75

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