Latest Articles

small-business 1_10937161

June 24, 2019 

Manufacturing Companies Struggling to Hire

The vast majority of American manufacturing companies are small businesses, and 75.3% of those businesses have fewer than 20 employees, according to new data gathered by SCORE, mentors to America's small businesses.

economy finance chart 2 graph 1_10919395

June 21, 2019 

CFOs Expanding Role in Management

A notable development in corporate governance over the past two decades is that chief financial officers have considerably expanded their role in management, in many instances assuming the additional position of chief operating officer.

 Thomson Reuters to Acquire Audit Company Confirmation

June 21, 2019 

Thomson Reuters to Acquire Audit Company Confirmation

Thomson Reuters has acquired Confirmation, a leading provider of secure audit confirmation services. Confirmation has a 19-year history of providing digital confirmation services to more than 16,000 audit firms, 4,000 banks and departments and 5,000 ...

Finance tablet Lindex_Statistics_34965_1_.55d62086ab656

June 21, 2019 

Private Companies Face Pressure on Lease Accounting Transition

Most private firms that have started or completed the transition expect to seek additional help in upcoming years, the survey shows. Approximately 6 in 10 CFOs (61%) said they will use a combination of external and internal resources or external ...

Form W7 ITIN

June 20, 2019 

2 Million ITINs Set to Expire, Says IRS

Under the Protecting Americans from Tax Hikes (PATH) Act, ITINs that have not been used on a federal tax return at least once in the last three consecutive years will expire Dec. 31, 2019. In addition, ITINs with middle digits 83, 84, 85, 86 or 87 ...

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June 20, 2019 

Taxpayer Advocate Delivers Final Report, IDs Key IRS Challenges

The National Taxpayer Advocate’s report says the IRS is not taking adequate steps to address its service shortcomings. While the Administration’s budget proposal for fiscal year (FY) 2020 requested an increase of 5.0 percent for enforcement, it ...

trucks

June 19, 2019 

10 Tips for Running a Successful Freight Broker Business

While it’s difficult to pinpoint a recipe for success, prominent freight brokers do follow certain patterns in order to boost their businesses. In this guide, you will find ten of the most important tips that can help you fuel your brokerage’s ...

 AICPA Considers Aligning U.S. Statements on Standards for Accounting and Review Services with International Standards

June 19, 2019 

AICPA Considers Aligning U.S. Statements on Standards for Accounting and Review Services with International Standards

The American Institute of CPA’s (AICPA) Accounting and Review Services Committee (ARSC) has issued an exposure draft of a Proposed Statement on Standards for Accounting and Review Services (SSARS) Materiality in a Review of Financial Statements, Adverse Conclusions, and Special Purpose Frameworks to amend AR-C sections 60, 70, 80, and 90 in AICPA Professional Standards....…