How Covid-19 Impact the World Economy

The European and American stock markets practically entered a correction day with losing more than 10% of its price in the first week, or more than $ 3 trillion, with a very pessimistic ending indicating a “zero growth” of corporate … Read More

Cash or Accrual Accounting for your Business?

While the accrual basis of accounting provides a better long-term view of your finances, the cash method gives you a better picture of the funds in your bank account. This is because the accrual method accounts for money that’s yet … Read More

After Facebook announced Libra Google will offer checking accounts as the latest tech company to enter finance

Google is one of the largest technology companies on the planet, but it was a little late before taking any steps in the field of banking and financial transactions as the only service in this area was Google pay, but … Read More

How American football affects the U.S. economy

Washington D.C – When the NFL and players struck a deal to end the league’s lockout, they didn’t just save the football season that begins its first full day of games on Sunday. They saved the most profitable sport in … Read More

Dealing With Cryptocurrency During Tax Season

Dealing With Cryptocurrency During Tax Season Tax Law and News February 13, 2018 / Mike D’Avolio, CPA   There’s been a steep rise in the use and price of cryptocurrency or virtual currency (such as Bitcoin) recently, and you and … Read More

SyncStream debuts Benefits Analysis Toolkit

Regulatory technology provider SyncStream Solutions has released its new Benefits Analysis Toolkit, which is targeted at CPAs, benefits brokers and HR consultants, and is designed to help calculate and forecast the effects of all benefits offerings on a company’s bottom … Read More

Audit technology evolving quickly at Big4 companies

The major firms are leveraging the latest tools to make the auditing process more efficient. “I would say we all have smart audit platforms or we’re designing smart audit platforms,” said Roger O’Donnell, an audit partner at KPMG, during a … Read More

Voices 2017 tax reform: Proposed individual tax changes in the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act makes major changes to individual income taxation. These include a reduction in the number of tax brackets, an increase in the standard deduction, repeal of personal exemptions, a reduced maximum rate on business income, … Read More

Many banks unprepared for FASB’s new credit loss standard

The Financial Accounting Standards Board’s new standard on accounting for credit losses will require some major changes for banks, particularly smaller ones, as well as many companies that provide loans. The current expected credit loss, or CECL, standard requires them … Read More