Accounting August 4, 2026
Last Call for Innovation Award Nominations: Closes Sept. 8
Nominations are currently being accepted for CPA Practice Advisor's 40 Under 40, 20 Under 40, and Tax & Accounting Tech Innovation Awards.
July 30, 2020
Wolters Kluwer Launches Global Touchstone Research for Internal Audit
Participants in the Touchstone Research for Internal Audit will receive their placement within the Touchstone Maturity Model for Internal Audit as well as benchmark placement against the full survey results and their peers based on ...
July 30, 2020
Covid Causes Economy to Shrink by 32.9% in Second Quarter
Gross domestic product shrank 9.5% in the second quarter from the first, a drop that equals an annualized pace of 32.9%, the Commerce Department’s initial estimate showed on Thursday. That’s the steepest annualized decline in quarterly records dating ...
July 30, 2020
1 in 3 Small Businesses Owners Using Personal Funds to Keep Businesses Afloat
In addition, 30% of small businesses opened Paycheck Protection Program loans from the Small Business Administration, 24% accessed cash from a business savings account, 20% used a business credit card for financing and 9% took out another type of loan.
July 29, 2020
AICPA Creates New Accounting Scholarships for Black Minneapolis-St. Paul Students
The AICPA Scholarship for Accounting Students in Minneapolis/St. Paul provides $5,000 to accounting students attending colleges or universities in Minneapolis or St. Paul to help cover any education related expenses.
July 29, 2020
Only One Third of Hotels Have Hired Back Half of Employees
Four months into the crisis, only 37 percent of survey respondents report that they have been able to bring back at least half their full-time employees.
July 29, 2020
CES 2021 to be a Virtual Event
The Consumer Technology Association (CTA) has announced that CES 2021 will be an all-digital experience. The world's largest technology and innovation tradeshow, CES has been the global stage for 50 years.
July 29, 2020
Xero Makes Toronto Office its North American Hub
The decision marks a major commitment to the Canadian market and Xero’s accelerating investments in North America. Xero will hire product and technology specialists across its cloud accounting platform starting with global Payments, Billing and ...
July 29, 2020
Vertex IPO to Start at $19 per Share
Vertex, Inc., which has filed for an initial public offering scheduled for this week, has announced the pricing of its initial public offering of 21,150,000 shares of Class A common stock at a price to the public of $19.00 per share. Vertex is a provider of tax technology and services. In addition, Vertex and certain...…
July 27, 2020
CARES Act Causing Business Valuation Concerns for Divorces, Estate Plans and Partnerships
Business valuations are forward-looking and there are multiple approaches to them. An income approach to valuation applies an opportunity cost of capital to an expected future benefit stream, such as cash flows or net income ...
July 27, 2020
What is a Series LLC and Why Your Clients Should Care
The series LLC allows business owners to divide multiple investments and debts and to operate each LLC as a separate entity with its own name, bank account, and recordkeeping. Under the master LLC, each separate entity can ...
July 27, 2020
Retailer Group Supports ‘Small Business Comeback Act’
The National Retail Federation is applauding legislation introduced by Congress that would give small businesses new coronavirus pandemic assistance that could be used to pay expenses such as rent and taxes rather than just employee wages.
July 27, 2020
AICPA’s Financial Reporting Executive Committee Seeks Feedback on Insurance Entities Working Draft
The new 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 ...