AICPA provides guidance on PPP forgivable loan accounting
Audit & AccountingCARES Act
September 1, 2020

AICPA provides guidance on accounting for forgivable PPP loans

On June 10, 2020 the American Institute of Certified Public Accountants (AICPA) released accounting guidance for Paycheck Protection Program (PPP)…
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How Long to Keep Tax Records
July 7, 2020

How Long Should I Keep My Tax Records?

As another Tax Day comes and goes, you may find yourself wondering how long you actually need to hold onto…
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Bookkeeping vs Accounting | Corporate professionals meeting for new business ideas
ConsultingOutsourced Accounting
January 2, 2020

Bookkeeping vs Accounting: Knowing the Key Differences

Every business and not-for-profit entity needs a reliable bookkeeping system based on established accounting principles. It is essential for assessing…
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Man sharing some new ideas in team meeting | When and How to Outsource Services
December 16, 2019

When and How to Outsource Services

With changes in technology disrupting the market, companies of all sizes have embraced the strategy of outsourcing key back office…
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Even with a delay, the time is now to prepare for lease accounting standard ASC 842 | Excavator loading dump truck at coal mine
ConsultingOutsourced Accounting
November 20, 2019

Even with a Delay, the Time is Now to Prepare for Lease Accounting Standard ASC 842

As of November 15, 2019, the Financial Accounting Standards Board (FASB) officially delayed the effective dates for specified accounting standards,…
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Benefits of Outsourced Accounting | Female architect working at her home office desk
ConsultingOutsourced Accounting
November 15, 2019

Outsourced Accounting: 6 Benefits That Come From Outsourcing Your Accounting Needs

Any business owner, new or established, understands the need for accurate and up-to-date financial records. Between maintaining compliance with changing…
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ASU 2018-08 | Nassau Hall - Princeton University
November 12, 2019

How ASU 2018-08 Affects Not-for-Profit Accounting

In June 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08, Clarifying the Scope and Accounting…
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