Economy

The Financial Accounting Standards Board is offering a practical expedient to the current revenue recognition rules for franchise businesses.

Prager Metis launches Latin entertainment group; KPM CPAs hires six; and more CPA news.

The changes would enhance the transparency of how nonprofits report contributed nonfinancial assets.

Delivering advisory services to help small businesses through the pandemic is a win for everyone.

Xero has revamped its “Starter” plans in the United States, prompted by the need to better support small and mid-sized businesses while they deal with the impact of the COVID-19 pandemic.

The site informs cannabis business owners about their tax responsibilities.

EY earned a record $37.2 billion in the fiscal year ending June 30.

With the forgiveness process now open, accountants, tax professionals and auditors are working around the clock to submit forgiveness applications on behalf of their clients. There are several steps you can take to increase the likelihood of loan forgiveness.

Requiring so little from applicants and giving so little guidance to them is virtually begging for fraudulent loan applications to be submitted or for good faith errors to be made.

As COVID-19 lockdown restrictions eased, New York, New Jersey and Pennsylvania businesses benefited.

Abacus Worldwide has expanded by merging in a fellow accounting association JHI, effective Sept. 1, 2020.

The final three months of the fiscal year showed a slowdown due to the impact of coronavirus on clients.

There are no undergraduate and very few graduate courses on advising clients that want to sell their business or who want to buy a business. When I started my career, there were no CPE courses either.

Mauldin & Jenkins adds five partners; KPMG, Crowe and CohnReznick release reports; and more CPA news.

Although many factors lead to payment inefficiencies, businesses can take steps to better manage their working capital performance and efficiency.

New York is investigating whether President Donald Trump’s company falsely reported the value of his assets to secure loans and get tax benefits as claimed last year by Trump’s former personal lawyer and fixer, Michael Cohen, who has fallen out with his ex-boss.

I am a strong proponent of partner retreats and offsite meetings.

FICPA welcomes next class to emerging leaders program; Anders adds St. Louis firm; and more CPA news.

Daily fantasy sports companies must pay federal excise tax on their entry fees, the IRS has decided, according to an internal memo that could cause a major shakeup in the industry.