Accounting

credit-card-851506_pixabay_stevepb

May 26, 2020 

Do Credit Cards Encourage Overspending?

The long-held idea that credit cards encourage overspending isn’t necessarily false. A journal article by University of Toronto Researcher Dilip Soman found that those who have a history of using credit cards as a form of payment tend to overspend ...

fasb

May 26, 2020 

Financial Accounting Foundation Issues Annual Report

The annual report theme is “Standards That Work for Everyone.” It provides an outline of how the Financial Accounting Standards Boards (FASB) and the Governmental Accounting Standards Board (GASB) work together to obtain fresh ...

XCM 2020

May 26, 2020 

XCM Releases New API for Engagement Task Data

This latest GET API will allow XCM customers to access their engagement task information, including key dates and acceptance detail, typically captured throughout the lifecycle of an audit engagement, used to create a number of unique reporting needs ...

ICPAs Illinois logo

May 26, 2020 

Illinois CPA Society Announces Scholarship Recipients

The Illinois CPA Society (ICPAS) is pleased to award $84,000 in scholarships to 43 accounting students as part of its Accounting Scholarship Program, which supports accounting students at Illinois colleges and universities who demonstrate strong ...

 Accounting Broker Acquisition Group

May 22, 2020 

Accounting Broker Acquisition Group

Accounting Broker Acquisition Group has successfully promoted and negotiated hundreds of accounting practice acquisition transactions representing hundreds of millions of dollars in value for sole practitioners, small partnerships, and larger firms.

 Largest U.S. Shopping Mall Delinquent on $1.4 Billion Loan

May 21, 2020 

Largest U.S. Shopping Mall Delinquent on $1.4 Billion Loan

The Mall of America, the largest U.S. shopping center, missed two months of payments for a $1.4 billion commercial mortgage-backed security, the latest sign of the devastating impact of pandemic-related shutdowns on the retail industry.

Xero

May 21, 2020 

Xero Launches Suite of New Cash Flow Management Tools

With the COVID-19 pandemic impacting small businesses around the world, Xero has accelerated the rollout of the expanded reporting pilots and introduced new features so businesses and their advisors can quickly see crucial financial metrics and manage ...

PPP Paycheck Protection Program

May 21, 2020 

PPP Loan Forgiveness: Popular but Complicated

While the intent of the PPP was to create simplicity and security in uncertain times, an unintended effect of the statute and forgiveness application has been to complicate borrowers’ processes and create further questions.

Tracey Golden AICPA

May 20, 2020 

Tracey Golden Elected as Chair of AICPA

As of June 1, Golden will also serve as chair of the Association of International Certified Professional Accountants, the unified voice of the AICPA and the Chartered Institute of Management Accountants (CIMA).

bicycles Pixabay Yorgunum -737190_1280

May 19, 2020 

Bicycle Sales See Surge Amid Coronavirus

Bike shops across the nation are seeing a spike in demand. With gyms closed, some consumers switched to bikes for exercise and stress relief. Parents were hoping their kids — staying home from school — would burn up their pent-up energy. As America slowly