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One major accounting firm has used IRS Corporate Financial Ratios to develop a report to accompany delivery of the corporate tax return, which both enhances service to existing clients and can serve as the basis for additional assignments. Even the IRS, as well as some state agencies, uses it ...
Startups working in or with Web3/Web 3.0, NFTs, Distributed Finance, etc. need an additional piece of fintech infrastructure to process their accounting efficiently and correctly. Our review of theBest Crypto Accounting Softwareexplains what to look for, but the basic premise is that startups...
since ‘failure was not an option.’ Now, it was time to ‘step back, look at it, and do a better job at risk profiling.’ In order to prepare Trinity for its second year of SOX compliance, the steering committee focused on two initiatives: (i) a top-down, risk-management approach...
In the 2000’s, I was told that my job was going offshore, and I would need to do something different to make a living. Over the last few years, I’ve been told that artificial intelligence, machine learning, and blockchain are going to end jobs for US accountants. My response to ...
The Rating Agencies gave far too favorable ratings to untried asset classes, like ABS and private RMBS securitizations. This is for two reasons:financial regulators required that the companies they oversaw must use ratings for assessing capital needed to cover credit risk, and did not rule out ...
That's definite. But if we find that they are unwilling or unable . . . to do the job thoroughly, we won't hesitate to step in to the full extent of our statutory powers.12 Not all accounting constituents were happy with the way accounting rules were being developed during this period...
Scott Sharp says, “Great job.” And- Cyndi Thomason (49:18): Hi, Scott. Thank you much. Liz Downing (49:23): For somebody who’s outgrowing QuickBooks, what is the next step? Like the next high-powered accounting system that they should use. Or is that when it’s time to call...
The option is made possible via a partnership between the IRS and ACI Worldwide’s OfficialPayments.com and the PayNearMe Company. Since most 7-Elevens are open all day every day and more than 7,000 stores are participating across the country, paying with cash is almost as easy as paying...