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Both public and private companies are still dragging their heels on implementing some of the new accounting standards, according to a new survey, even though the effective date of adoption is already here for many companies, and approaching soon for the rest. The survey released Monday by PricewaterhouseCoopers of more than 600 financial executives found […]
Many newly minted accounting firm managing partners find themselves having to chart their own path with little guidance — so it’s no surprise that, some years into their tenure, they may wish they had done things a little differently. In a panel discussion moderated by Rainmaker Companies president Angie Grissom at the recent 2018 SuperConference, […]
A growing proportion of U.S.-born expatriates do not feel they should be required to file taxes while they live abroad and about one-fifth of them are considering renouncing their U.S. citizenship, according to a new survey. The survey, by Greenback Expat Tax Services, a firm that specializes in helping expatriates with their tax issues, noted […]
Public companies with a December 31 year-end have recently completed months-long (if not years-long) efforts on the adoption of ASC Topic 606, “Revenue from Contracts with Customers” (Topic 606). The adoption of Topic 606 has been one of the most time-consuming accounting projects taken on by most companies since Sarbanes-Oxley Act Section 404 over a […]
The American Institute of CPAs’ Assurance Research Advisory Group has released a request for proposals on assurance-related research that it can fund with up to $15,000. Photo: AICPA The RFP is looking for research on assurance-related topics of interest to CPAs. The AICPA plans to use the research to inform its private company standard-setting process, […]
I’ve written a lot about the topic of acquiring a practice from a deceased accountant’s estate — possibly ad nauseam. However, as much as I have seen, new things keep popping up that I am sharing here. Preface: My advice to an accountant who wants to acquire a practice of a deceased accountant is to […]
U.S. hiring rose more than forecast in May, wages picked up and the unemployment rate matched the lowest in almost five decades, indicating the strong labor market will keep powering economic growth. Payrolls increased 223,000 following a revised 159,000 gain, Labor Department figures showed Friday. The median estimate of analysts surveyed by Bloomberg called for […]
Top 100 Firm RSM US sponsored the May 30 premiere of the motion picture, “A Chance in the World,” a film based on the biography of best-selling author, philanthropist and speaker, Steve Pemberton. Pemberton’s story, on overcoming difficulties both in business and in life, lines up with the RSM US Foundation’s mission of helping tomorrow’s […]
The Tax Cuts and Jobs Act made far-reaching changes to the tax code when it was signed into law last December and resulted in significant tax accounting modifications. On the same date, staff at the Securities and Exchange Commission issued Staff Accounting Bulletin No. 118 and Exchange Act Form 8-K Compliance and Disclosure Interpretation (CDI) […]
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