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The House and Senate are set to vote Monday on $900 billion in pandemic relief aimed at boosting the U.S. economy into the early spring, combined with $1.4 trillion to fund regular government operations for the rest of the fiscal year. The bill includes help for small businesses, the jobless and direct payments to most […]
Lockstep, which makes cloud software for accounts receivable and payable, is now certified by and available on the Acumatica marketplace. Acumatica makes cloud-based enterprise resource planning software. Lockstep acquired Anytime Collect last year, which made software for automated customer communication and bill collection. The resulting product, Lockstep Collect, is an automated customer onboarding and contact […]
Let’s say some of your clients did the right thing and purchased a long-term care contract years ago while premiums were much less expensive. They also did so before many typical medical issues started popping up in their mid 60s. Yes, having a long-term care insurance contract is a wonderful thing. It will provide your […]
Depending on the business structure your clients have chosen and the state they are registered in, they may be required to hold an annual meeting and record minutes. Let’s take a moment to discuss what an annual meeting and annual meeting minutes are, their purpose, and what your clients should know if they haven’t yet […]
Five organizations that provide different standards and frameworks for sustainability reporting released prototypes Friday of climate-related financial disclosure standards to illustrate how they could work within their various approaches. The five groups — the Sustainability Accounting Standards Board, the Global Reporting Initiative, the International Integrated Reporting Council, the Carbon Disclosure Project, and the Climate Disclosure […]
The International Auditing and Assurance Standards Board has issued a set of three revised standards aimed at improving quality management for auditors across the globe. The new standards aim to encourage a stronger and more proactive approach to quality management than earlier quality control standards. “These standards will drive the audit profession to an enhanced […]
Quarium, a dedicated QuickBooks cloud hosting service made by Fishbowl, is now an Intuit Authorized Hosting Company. The program endorses the hosting companies as safe, with proper security measures in place to protect housed data. Cloud-hosting programs allow users to have their licensed copies of QuickBooks desktop software installed on servers in a remote hosting […]
The Securities and Exchange Commission voted to approve the 2021 budget and annual accounting support fee of the Public Company Accounting Oversight Board. For 2021, the PCAOB’s budget will total $287.3 million, up 0.9 percent from the 2020 budget of $284.7. The relatively small increase anticipates lower spending on things like travel spending due to […]
Folded; they didn’t need to know; sentence guaranteed; and other highlights of recent tax cases. Shelton, Connecticut: Guy Smith, 62, has pleaded guilty to one count of tax evasion. Smith owns and operates Centerline Interiors, which specializes in commercial interior construction, and is also a professional poker player who has played in tournaments at casinos […]
The Financial Accounting Standards Board announced the release of a number of reporting taxonomies for 2021 on Thursday. The 2021 GAAP Financial Reporting Taxonomy, the 2021 SEC Reporting Taxonomy, or SRT, and the 2021 XBRL US DQC Rules Taxonomy, or DQCRT, are now available on FASB’sTaxonomy page. The 2021 GAAP taxonomy includes updates for accounting […]
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