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...
New Measures In Dealing With Casualty Losses
Small businesses, in one way or another, experience some losses during their existence. One of the most common kinds of these losses is casualty loss. Casualty losses are a negative movement in the value of a company due to unexpected, unusual, and sudden events....
Updates On The Accounting For Leases Shakes The Industry
Accounting standards are the DNA of every financial statement of every business in the US. Hence, just like DNA, a single change can affect the growth of the whole entity. For leasing standards, unfortunately, these changes are coming to light slower than expected....
Employment and Careers in the Field of Accountancy
Accounting has always been one of those careers with dismal retention rates. The stress attributed to the job often results in accountants and CPAs shifting around different career paths until they find the one that suits them best. Unfortunately, a pattern of...