Upskilling Your Accounting Staff for the Recovery
With the pandemic and lockdowns on the way out, business leaders are ready to move back to reality. However, it might not feel like we’re moving towards business as usual—many leaders are pushing towards a new workplace with new initiatives. Following our last blogs...
When Should You File Your PPP Forgiveness Application?
Money may be tight, business may not be booming just yet, and for those companies who have taken Paycheck Protection Program loans, it may feel like the thought of applying for loan forgiveness now seem like the best option. But is this the case? Applying for...
Should Payroll Become a Part of Payments Innovation?
For years or decades, payroll has been—for lack of a better term—consistent. After all, it has to be. Employees need to be paid reliably, accurately, and on time, often making it feel like the only room for improvement is to make the payroll process more accurate and...
Could COVID Leave You with a SALT Problem?
As the person in charge of the financial dealings of your firm, COVID has presented a lot of challenges. Keeping the lights on has been a challenge for some controllers, but what about the fallout? Following our last blog documenting the different approach you need to...
Encouraging Black Voices in the CPA Profession and C-Suite
The accounting profession has long been known for its slow pace of change. With less than 1 percent of all CPAs coming from the black community, it’s time for change. By far the most underrepresented group in this lucrative career path, it is creating a continued...
AP Automation in Cash Flow Sustainability
Is your accounts payable process holding your business back? All signs point to the answer being yes. From inefficiencies to inaccuracies, continued use of manual and paper-based processes is leaving many businesses with a cash flow blind spot. Following recent...
Using the Lease Accounting Deadline Extension to Your Advantage
As we discussed in a recent blog, the FASB announced that as a result of the COVID-19 outbreak and the associated lockdowns, the FASB Delayed RevRec and Lease Adoption for Private Companies. As we discussed, “If you had been paying attention to the steps other...
Controller’s Role in a Company Data Breach
One of the great lines that defines the roles of finance is this: If something impacts the bottom line, it’s your responsibility, and everything impacts the bottom line. As a finance professional, you may have entered into this role when you had a reasonably...
Evolving Audit Evidence Standard: SAS No. 142
As we discussed in an earlier article, technology has become a core portion of the audit, and the AICPA had been considering standards to reflect the evolution. New technologies have popped up over the past decade that have made audits easier in some regards, more...
IRS and Treasury Offer Guidance on Reporting Sick and Family Leave in Coronavirus Relief
The COVID-19 pandemic put a lot of stress and pressure on businesses, employees, and finances. While a variety of laws have been passed to address the challenges, many business leaders were left seeking clarity on how these laws would impact them. One of these...
What Technologies Are Top of Mind in the Accounting World Right Now?
Halfway through 2020, and there’s hope that things might be on a road to normalcy. But understandably, roles have changed, jobs have become more stressful, and the road back isn’t clear. However, accountants and finance leaders are starting to see more value in...
What Goes into Accounting for Goodwill?
Goodwill. Often a key part of any merger or acquisition, this intangible asset has been the subject of some scrutiny over the past few years. Part of nearly any merger or acquisition, the last few M&A-filled years have resulted in a lot of this showing up on...
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