Accounting October 31, 2022
AICPA News – Nov. 1, 2022
AICPA News is a round-up of recent announcements from the American Institute of CPAs (AICPA).
Advisory October 27, 2022
U.S. Economy: Invoices Being Paid Later, But Sales Growth Still Positive
Sales growth slowed to 6.7% year-over-year in June. This is the smallest y/y rise in sales since February 2021.
October 26, 2022
If Layoffs Come, Remote Workers Could be First to Go
As recession winds blow and the prospect of layoffs grows, many remote workers are beginning to worry about a potential downside to the at-home arrangement that ...
Accounting October 25, 2022
Accountants Have a Dim Outlook on the Economy Because of Inflation, Other Factors
North American confidence recovers slightly in Q3 but is still lower than in past years, say the ACCA and the IMA.
Accounting October 24, 2022
7 Ways to Help Clients Prep for a Recession
One way to ease uncertainty is to do prep work to try and determine how a recession will impact a business's operations.
Accounting October 24, 2022
4 Strategies to Manage AP in a Time of High Inflation
As inflation reaches generational highs, many organizations are looking to build more resilient businesses that can withstand rising prices and the higher cost of capital.
Small Business October 20, 2022
Small Business Owners Expect a Recession, But Few Are Ready for One
70% say they anticipate a recession within the next six months, but only 37% are prepared for it, survey finds.
Accounting October 20, 2022
AICPA & CIMA Offer Resources for Audits of Pandemic Relief Funding
The audits provide reasonable assurance to the federal government and the public that the organization complied with federal requirements subject to the audit.
Taxes October 19, 2022
IRS Announces Inflation Adjustments, Tax Brackets for 2023
The tax year 2023 adjustments released by the IRS generally apply to tax returns filed in 2024.
October 18, 2022
PALs May Not Be Your Friend – Rental Property Tax Tips
If you own investment real estate that you rent out to tenants—for example, an apartment building—it can be a steady source of annual income.
October 18, 2022
Working Out a 1031 Exchange of Real Estate
You can still avoid current capital gains tax when you exchange one real estate property for another, or as a result of an exchange involving multiple parties, as long as certain requirements are met.
Taxes October 18, 2022
Why Are Only Some Tax Breaks Adjusted for Inflation?
More often than not, inflation accommodations are the first to go during negotiations in Congress.