The American Institute of CPAs’ Financial Reporting Executive Committee has proposed two working drafts of accounting issues for insurance entities to offer them guidance on implementing the Financial Accounting Standards Board’s new standards for long-duration insurance contracts and credit losses. FASB’s new insurance accounting standard amends the existing recognition, measurement, presentation and disclosure requirements for […]

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The decision to give to charity is often made hurriedly at the end of the year for business taxpayers and investors as they combine their impulse to give with a desire to generate a tax benefit. However, it’s a decision that needs careful consideration, according to Tom Wheelwright, CPA, CEO of WealthAbility. “Small-business owners, entrepreneurs […]

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Priority Software, which makes business management solutions, has entered the cannabis business with Priority Cannabis ERP, a seed-to-sale enterprise resource planning software to manage all aspects of the plant life cycle. “Priority’s go-to-market strategy continues to be to find the right partners from the cannabis and accounting industry,” said Eran Rozenfeld, managing director of Priority […]

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