The Internal Revenue Service is providing guidance on a provision of the American Rescue Plan Act that provides temporary assistance with COBRA premiums to people who have lost their jobs. Notice 2021-46 offers guidance in the form of questions and answers on issues relating to the application of that provision
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The Financial Accounting Standards Board’s proposed update to its hedge accounting standard could help companies with their risk management, but they will probably need sophisticated hedging expertise to benefit. FASB issued the proposed accounting standards update in May to align a company’s hedge accounting more closely with its risk management
Bill.com has inked a deal to buy Invoice2go, an accounts receivable software provider for small businesses. The stock and cash transaction is valued at approximately $625 million. Invoice2Go has offices in Sydney, Australia and Palo Alto, California, giving Bill.com more of a global reach. Already an expert in accounts receivable
CohnReznick LLP‘s restructuring & dispute resolution practice was honored twice in the 2021 Turnaround Atlas Awards from Global M&A Network: It won Turnaround of the Year in the Small Markets Category for its restructuring work on bakery restaurant chain Le Pain Quotidien, and Chapter 11 Restructuring of the Year in
Democratic senators rejected any attempt by Republicans to set conditions for increasing the federal debt limit, showcasing an escalation in partisan bickering as a two-year suspension of the ceiling approaches expiration. “Nobody is going to hold the American economy hostage, period, full stop,” Senate Finance Committee Chair Ron Wyden said
The Wall Street Journal reported on July 1, 2021, that the International Accounting Standards Board, the accounting body that sets the financial reporting rules of public companies in more than 140 jurisdictions ― but not in the U.S. — got a new chief: Mr. Andreas Barckow, who until now served
The Governmental Accounting Standards Board proposed guidance Monday on various accounting and financial reporting issues that were identified during implementation, application and due process on its standards. The issues covered by the exposure draft of the omnibus statement include accounting and financial reporting for exchange or exchange-like financial guarantees; and
Proper, a San Francisco-based provider of automated accounting and bookkeeping services for real estate property and asset managers, has scored $9 million in Series A funding from investors. Proper plans to use the extra funds to accelerate development of its automated accounting technology, build a new customer-facing platform, and hire
The Institute of Management Accountants officially appointed J. Stephen McNally as chair of the IMA’s global board of directors, and he plans to focus on the organization’s growing presence internationally. McNally, who is CFO of the Plastic Technologies group of companies and previously spent a long career as a finance
