The Financial Accounting Standards Board, a private organization run by a seven-member board, determines how quarterly and annual profits are calculated.
I firmly believe that if it were not for my firm’s ability to think outside the box and pivot – expanding our offerings from our core bookkeeping functions into a full-service firm, embracing innovative technology, and partnering with other businesses that complement our services – we wouldn’t be in the
A climate and tax bill could give a lot of power to an organization called the Financial Accounting Standards Board.
The Institute of Management Accountants is seeing signs of a lax attitude toward ethics developing in recent years as more people work from home and are tempted to cut corners on their expenses and juggle busy schedules that mix personal and professional responsibilities. “What some people may call a work
Most business leaders are aware of the current state of the market. High inflation, trade barriers, geopolitical risks, and labor shortages have pinned executives’ attention on the supply chain. These leaders want their organizations to develop or redesign supply chains to withstand global disruptions more effectively and efficiently. But the
If you’re a CPA and your property-owning clients are asking you how they should prepare for a cost segregation study, this article will guide you and your clients through the process. To review, cost segregation is an accounting technique based on the idea of depreciation. As a building ages, it loses
The IRS is continuing to hone its filters to catch business identity theft and tax fraud, using 84 selection filters last year to identify business tax returns claiming refunds for potential fraud but not always succeeding, according to a new report. The report, released Monday by the Treasury Inspector General
To help prepare your firm for the great migration, here are the major pitfalls of migrating to cloud computing and suggestions as to when you should pull in an expert for assistance. The benefits show themselves everywhere, from monthly overhead savings to proactive disaster recovery planning that could keep thousands
The California Society of CPAs named Tayiika Dennis, a principal at Top 100 Firm CliftonLarsonAllen in Los Angeles, as the new chair of the CalCPA board of directors, during the society’s annual members’ business meeting, while Adam Blitz, founder of Streamline CPA Accountancy Corp. in Fresno, was appointed chair of
Two of 11 defendants charged with running a $300 million cryptocurrency-based Ponzi scheme have agreed to settle with the Securities and Exchange Commission. The case concerns the four founders of a cryptocurrency company called Forsage, as well as a group called the “Crypto Crusaders” who heavily promoted the site. The
