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December 31, 2020

Secure These Four Accountancy Skills

The AICPA launched the CPA Evolution Initiative which includes skills needed for accountants.    

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July 15, 2020

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

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July 12, 2020

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

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June 29, 2020

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

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June 23, 2020

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,

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May 27, 2020

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

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May 26, 2020

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

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May 25, 2020

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

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May 25, 2020

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,

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