Accounting
Latest News
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
Grant Thornton Names New CFO
Zubor, a skilled executive with extensive finance and accounting experience, joins Grant Thornton after serving for eight years as the CFO of Katten Muchin Rosenman LLP, a global law firm headquartered in Chicago.
SEC Accepts 2022 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy
The 2022 GAAP Taxonomy contains updates for amendments to accounting standards and other recommended improvements to the following topics and disclosure areas: credit losses, balance sheet offsetting, pledging and recourse, and deprecations from ...
How Business Owners Can Save Time and Money During Tax Season
My advice? Meet with accountants at least two-to-three times a year and ask about these five things (and 20 more at the link below) that will potentially create big cost and time savings.
Nonprofits More Concerned on Finances and Staffing
Nonprofit leaders across the country are more concerned about their financial position and staffing than they were one year ago, despite the relative easing of the coronavirus pandemic. The shortfalls have hampered some nonprofits’ ability to deliver ...
Botkeeper Launches BOS Platform
During a four-month long Beta program, Botkeeper’s client participants took the software through its paces with real-world customer data, perfecting usability, utility, and stability. With user testing now complete, the company will be rolling ...
How To Create A Bulletproof Accounting Workflow Checklist
Before we even dive into accounting workflow checklists, we can agree that accounting workflows are now standard in public accounting firms. Nearly all of them are running some form of accounting workflow – with up to 94% of accounting managers even ...
S Corp Salary Guidelines – What is Reasonable Compensation?
Although the definition of what constitutes a “reasonable” wage may seem subjective, the IRS scrutinizes the S Corp’s source of income—its gross receipts—and then determines if (and what tasks) the owner/shareholder performed for the S Corp to assist ...
Pandemic Pushed Nonprofits to Accelerate Transformation
Nonprofit organizations accelerated plans to adopt new technologies, operational models, and budgeting and financial approaches last year because of the pandemic, according to our annual Nonprofit Pulse Survey of leaders and executives conducted ...