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The tumult of 2020 has amplified many issues that the accounting profession was already contending with, including future-readiness, diversity and inclusion, and technological investment and training. In response to two of the defining moments of the year, especially — the coronavirus pandemic and the nationwide protests against racism and police brutality — the profession’s leaders […]
Back in February, who would have thought that those three little letters, PPP, would come to define the business culture for small and medium-sized businesses throughout the country? The Payment Protection Program and the alliterative phrase, “The PPP,” have given millions of American business owners hope through this COVID-19 pandemic, while also causing unknown liabilities […]
KPMG hosts 17th annual Ideation Challenge; Withum relocates Philadelphia office; and more CPA news.
Employment increased by 1.4 million in August, the U.S. Bureau of Labor Statistics reported Friday, as the unemployment rate fell to 8.4 percent from 10.2 percent in July amid signs of economic recovery despite the ongoing COVD-19 pandemic, although the number of accounting and bookkeeping jobs declined last month by 1,600. The BLS reported that […]
While accounting leaders were shepherding their firms through a global health and economic crisis this year, their employees were watching closely, taking stock of how well their managers performed under pressure and identifying which short-term adjustments they would like to see their employer institute long term. Employees are viewing this historic moment as an opportunity […]
Karbon, which makes workflow management software for accountants, has released Time Budgets. The new product helps firms manage budgets, actuals, timesheets and analysis.Time Budgets is designed to allow Karbon customers to set time and dollar estimates, track time, compare budgets against actuals, manage capacity, analyze progress and performance, allocate resources and more. “With the release […]
The Illinois CPA Society recently hosted more than 270 local accounting students as part of its annual Jumpstart to Accounting program. The event, held online this year, connects Illinois accounting students with thought leaders, motivational speakers, recruiters and career coaches to help them get a head start on successful accounting and finance careers. The two-hour […]
Beijing-based education company GSX Techedu Inc. said it is being investigated by the Securities and Exchange Commission, the latest case as U.S.-listed Chinese companies face greater scrutiny on accounting issues amid rising tensions between the two countries. The SEC’s Division of Enforcement contacted the company asking it to produce financial and operating records dating from […]
Most tax practitioners and real estate investors are aware of the depreciation-related changes to the tax code in recent years. However, because of the rapid changes to these rules, many people are less aware of the interactions between these provisions. In the last few years, bonus depreciation, qualified improvement property, 179 expensing and 1031 exchange […]
A few years into the first decade of the new century,Accounting Todaystarted running an annual feature on diversity in accounting. Every year, we’d record the initiatives the profession had announced to bring in more members of underrepresented groups, and then chart the progress made — or, rather, we’d note that there was precious little progress […]
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