Accounting

April 22, 2020 

Covid-19 hit the labor market like a sledgehammer in March and April, driving mass layoffs in the U.S. to their highest point since World War II. 22 million Americans have lost their jobs during the outbreak, and 14% of the country’s workforce isn’t ...

April 22, 2020 

In addition, 68% of survey respondents reported applying for a Paycheck Protection Program loan before funding for the $350 billion program to help small businesses weather the COVID-19 crisis ran dry last week.

April 22, 2020 

In an effort to help small businesses get back on track post-COVID-19, Bookkeeper360 has teamed up with Grade My Business to provide a free Business Bootcamp.

April 22, 2020 

Indiana-based analytic.li is now providing strategic workforce analytics cloud-based solutions to clients and independent members of the BDO Alliance USA, as part of its Vendor Marketing Program.

April 22, 2020 

If you’re new to the term “cash position,” here’s an overview: cash position refers to an organization’s funds after accounting for liabilities and expenses. Essentially, it’s money that can be invested toward additional business opportunities or used to subsidize unexpected losses. And during a crisis—like the one going on today—knowing your cash position is essential...…

April 22, 2020 

AccuFund, Inc., provider of financial reporting and accounting software for nonprofit, municipal and government organizations, has announced a reseller partnership agreement with EFPR Solutions, LLC in Rochester, NY, a professional services firm ...

April 21, 2020 

The Senate passed $484 billion in new pandemic relief funds Tuesday to bolster a tapped-out small business aid program, pay for coronavirus testing and help hospitals deluged by sick patients.

April 20, 2020 

The effective dates of the SASs were for audits of private company financial statements for periods ending on or after December 15, 2020. The deferral means that effective dates now apply for periods ending on or after December 15, 2021.

April 20, 2020 

Their $1,200 payments will be issued soon and, in order to add the $500 per eligible child amount to these payments, the IRS needs the dependent information before the payments are issued. Otherwise, their payment at this time will be $1,200 and, by law,

April 20, 2020 

The American Institute of CPAs (AICPA) has submitted seven recommendations to the Department of the Treasury and the Internal Revenue Service (IRS) calling for much needed clarity and guidance in how small businesses should apply certain employee ...

April 20, 2020 

The new Coronavirus Aid, Relief, and Economic Security (CARES) Act provides some much-needed relief for businesses hindered by a cap on business interest deductions. Icing on the cake: The tax changes are retroactive to 2019.

April 20, 2020 

The new sales tax obligation applies to marketplace facilitators with a physical presence in Georgia, and those with at least $100,000 in direct and indirect sales into the state. Georgia defines a “marketplace facilitator” as a person that ...