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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

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Startup Accounting Guide: Everything You Need to Know in 2022

Accounting Seed

For instance, if you buy property such as real estate, cars, or computer equipment, you’ll keep the relevant records as long as you own the asset. If your business succeeds, eventually you’ll find you have many accounts to manage. At that point, hiring an accountant may make more sense than handling your own bookkeeping.