SMBAccountant
MAY 17, 2024
Are you a small business owner seeking expert guidance on accounting practices? Navigating the complexities of financial management is crucial to the success of any business. Bank Accounts (Find a bank) Before any spending gets underway, open a bank account with your EIN.
Cherry Bekaert
MAY 9, 2024
The Governmental Accounting Standards Board (GASB) has issued Statement No. 102, Certain Risk Disclosures , to provide users of government financial statements with essential information about risks related to a government’s vulnerabilities due to certain concentrations or constraints. Earlier application is encouraged.
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Going Concern
APRIL 1, 2024
Business Insider wrote about the accountant shortage, specifically Tupperware griping in regulatory filings that it can’t find enough people (again): The accountant shortage is so bad that companies are delaying filing key mandatory reports. A lot of this work that we’re doing is, I’d call it forensic accounting,” Cipriano said.
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.
ThomsonReuters
MARCH 9, 2023
Tax and Accounting professionals, listen up! This one-stop-shop can help make life easier by providing comprehensive resources so you can stay ahead of the game in today’s ever-changing world of tax and accounting. Expanded health insurance subsidies are extended through 2025. Enter: Thomson Reuters Tax Season Toolkit.
Going Concern
MAY 26, 2023
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Although the public health emergency is over, taxpayers can continue to apply for the tax credit until 2025. Have a safe Memorial Day. Big four consultancies win $1.4
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.
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