PPP Helps Businesses Pay Employees During COVID-19 Pandemic
The COVID-19 has impacted the United States economy in extraordinary ways. Since the start of the pandemic, the Department of Labor has recorded at least 26 million Americans filing for unemployment. One of the most common reasons for businesses to let go of employees...
Accounting For Employee Sick Leaves In The US
The current COVID-19 pandemic has shown the importance of sick leaves for employees and employers alike. It has also started debates on the viability of requiring employers to provide a set number of paid sick leaves annually. In this article, we will focus on the...
Surviving The COVID Pandemic For Businesses
The current COVID-19 pandemic highlights the vulnerabilities in the United States’ business sector. With the current lockdown in place, it shows how massive our economy can plunge when almost all establishments shut down. This problem shows us that preparation is key,...
What Is The Cares Act & How To Get It
On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act, commonly known as the CARES Act, the largest funding bill in the history of the United States. The CARES Act provides immediate, substantial relief to employees...
How Often Does Accounting Rules Change?
Accounting has always been a fluid profession. For this reason, I prefer to call it more of an art than an exact science. Just this Wednesday, the Internal Revenue Service plans to apply new rules on the withholding of individual wages. This announcement is part of a...
The Bumpy Road To Becoming A CPA
Being a CPA is both rewarding and prestigious. Besides the extra three letters it adds to your name, it provides you a reliable way to earn a living. It is also a great stepping stone if you plan to expand your career to professions like law or finance. However, it...
Why Trust A CPA With Your Automobiles
Automobiles are some of the most significant investments of businesses. Mismanaging them can significantly affect the performance of your company. Furthermore, improper valuations of these assets will substantially affect the accuracy and reliability of your...
U.S. Vs. China: How Trade Wars Affect CPAs
Harsh competition between two rival companies is typical in any industry. However, an economic spat between two countries can shake the financial balance of all seven continents. The issue also affects professionals across different sectors, most notably accountants....
Spending The Holidays As An Accountant
Being an accountant is one of the most hectic jobs around the world. We process thousands, if not millions of transactions, every day to the point that we no longer remember what rest feels. That being said, the holidays are still a chance for us to slow down and put...