The Chief Financial Officer (CFO) role has always been one of great importance but the role has actually increased in importance in the past decade, due in large part to the role of digital technology in most companies. No longer is the CFO role a strictly functional one; the position is considered a strate
In August 2018 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2018-15 (ASU 2018-15). Included in this update is subtopic 350-40 Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract
As we enter the holiday shopping season, could there be a more holiday-related accounting topic than accounting for gift cards? The gift card market has steadily increased annually as the vendor choices for cards and the methods of sending the cards have increased.
As we reach the end of 2019, companies may want to check out some of the following steps to maximize their tax strategies in regards to deduction and revenue organizing for the year. These steps differ upon the company’s intention - reducing taxable income or accelerating income.
For many employers, there are changes coming to the currently-offered Health Reimbursement Accounts (HRA) available to employees. For health plans beginning on or after January 1, 2020, there are three types of HRA plans available, depending on the size of the employer. The primary goal of the expansi
Most professions have their unique terminology that professionals use when engaging in work processes. For accounting and bookkeeping, terminology like debts and credits, T-accounts, accruals, amortization, depreciation, GAAP, GAAS, GASB etc. can seem like a barrier to really understanding how to record and process certain transactions.
It’s unlikely that you will ever come across anyone who enjoys paying taxes, much less preparing them! For those required to file corporate tax returns, the task can be even more challenging and unnerving that preparing their individual returns. The current tax environment is a complex one that
