Accounting

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May 17, 2022 

Retail Sales Remain High Despite Inflation

The data suggest that Americans are still spending on merchandise at a rapid clip — potentially fueled by credit-card borrowing — even as prices rise at the fastest pace in decades. That said, economists expect consumer spending to shift away from ...

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May 12, 2022 

How Businesses Can Defend Against Payment Fraud

The remote work era brought on by the COVID-19 pandemic has made it even easier for criminals to execute payment fraud attacks. For most companies, it's become a matter of when they’ll face a fraud attack--not if.

VSCPA

May 12, 2022 

VSCPA Holds CEO Action Day of Understanding

In its fourth year, the Day of Understanding is an opportunity to facilitate collective dialogue across the coalition’s 2,000 organizations about important topics such as race, gender, sexual orientation and mental health.

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May 11, 2022 

Cannabis Business Accounting: Bad Debts

If you are on the accrual method of accounting, and you recognize income as it is incurred and someone doesn’t pay you, you have a bad debt. However in cannabis you are stymied by Section 280E, which only allows cost of goods sold (COGS) to be deducted.

Craig Smalley

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May 9, 2022 

Imports Set New Record at U.S. Ports

Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the ...