Accounting

ghostbusters

May 27, 2021 

What “Ghostbusters” Can Teach Us About Conversations

Being intentional is a key to many successful habits and here it plays a major role again. The first step is to make connecting with your peers is to make it a priority. Each day spend 15 minutes twice a day to call someone and have a conversation.

 AICPAs Seeks Feedback on Insurance Entities Working Drafts

May 27, 2021 

AICPAs Seeks Feedback on Insurance Entities Working Drafts

The FASB accounting standard on Long-Duration Contracts makes targeted improvements to the existing recognition, measurement, presentation, and disclosure requirements for long-duration contracts issued by an insurance company. FinREC and the AICPA ...

irs building_10858577

May 27, 2021 

IRS Interest Rates Unchanged for Q3 2021

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

 1 in 5 Private Company Execs Feel Unprepared on Lease Accounting

May 26, 2021 

1 in 5 Private Company Execs Feel Unprepared on Lease Accounting

With just a few months to go before private organizations must include most leases on their balance sheets for fiscal years starting after Dec. 15, 2021 (i.e., calendar periods beginning Jan. 1, 2022), one-fifth (19.8%) of privately held organization ...