May 27, 2021
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 ...
May 27, 2021
The announcement covers the most recent two weeks of the effort brings the total disbursed so far to nearly 167 million payments. They represent a total value of approximately $391 billion since these payments began rolling out to Americans in batches ...
May 26, 2021
The report cautions private companies—many of whom are behind schedule in their transition to the new standard, despite warnings from public companies and other early adopters—that they may be surprised by how much they’ll have to overhaul their ...
May 21, 2021
The first Black CPA Ph.D.s and the professors who were mentored or inspired by them have played an important role in attracting generations of ambitious Black students to the profession.
May 20, 2021
Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low, signaling steady improvement in the job market as remaining business restrictions are lifted.
May 20, 2021
The Internal Revenue Service has new guidance on tax breaks under the American Rescue Plan Act of 2021 for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).
May 18, 2021
Anduin, a new technology company helping accounting firms streamline their work-to-cash cycles with artificial intelligence, will be showcasing its Intelligence-Based Billing platform in its booth at the 2021 Rainmaker SuperConference taking place ...
May 14, 2021
The Internal Revenue Service will begin issuing refunds this week to eligible taxpayers who paid taxes on 2020 unemployment compensation that the recently-enacted American Rescue Plan later excluded from taxable income.
May 14, 2021
Reach out to your clients as you learn about new legislation or guidance to give them your insights and the digestible version of what it means for them. This is your chance to cut through the technical jargon with easy-to-digest insights and showcase ...
May 13, 2021
For some people, submitting their tax return to the IRS is a relief as they put the paperwork out of sight, and out of mind, until next year. Others recognize that tax time is the perfect time to plan for the future while all the documents are readily...
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May 13, 2021
Business travel has been significantly reduced due to Covid-19 while remote working has become a global norm. More than ever, companies require the right processes and tools to improve collaboration, ensure compliance of all regulations, and optimize ...
May 13, 2021
While every tax season can get a bit hectic, this one will prove extra challenging for tax professionals and their clients. It’s critical to make sure that you set your clients up for success to ensure that they’ll be able to navigate this complicated ...