The AICPA launched the CPA Evolution Initiative which includes skills needed for accountants.
Biotech Properties Draw Billions of Dollars as Other Real Estate Languishes
Covid-19 is clobbering hotels, shopping centers and senior housing communities. But the pandemic is providing an extra boost to landlords
FASB ASC Topic 606 Framework for Auditing Contracts, Revenue Recognition
Public and private companies that enter contacts with customers to transfer goods or services or non-financial assets should carefully follow FASB ASC
A Current Look into Section 301 Tariffs, Product Exclusions
The shifty economic and trade tensions have been high as the U.S. and China, the world’s largest trading partners, are in an ongoing tariff
Cost Recovery Modifications Under Tax Cuts and Jobs Act
The Tax Cuts and Job Act has modified various cost recovery rules under Sec. 179 and 168 under Rev. Proc. 2019-8. Signed into law in December 2017,
How to Plan for Data Security
All professional tax prepares should review their data security protections by developing a written plan describing the company’s policies to protect
Improving IRS practitioner services
Tax professionals can complete the filing of returns online by using e-Services made possible by the IRS. The primary services include Transcript
Effective dates delayed for SEC, public, and private filers
FASB voted to delay the effective dates for its standards on accounting for leases, credit losses, hedge accounting, and long-term insurance
Revised: Balance sheet debt classification
On September 12, 2019, FASB revised its balance sheet debt classification in a Proposed Accounting Standards Update, which adopted an “overarching,