The update promises to improve financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity.
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Upcoming Events
Daily Briefing
August 6, 2020
Upcoming Events August 6, 2020
Daily Briefing
FASB releases standard for convertible instruments and contracts
By Michael Cohn      2 min read
The update promises to improve financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity.
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AICPA joins other groups in urging tax deductions for PPP loan forgiveness expenses
By Michael Cohn      5 min read
The American Institute of CPAs joined with more than 170 organizations in asking congressional leaders to allow businesses to write off expenses associated with loan forgiveness under the Paycheck Protection Program.
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The work-from-home tax crisis we have to see coming
By Shaun Hunley      4 min read
The living room is the new conference room, and it could lead us down a sticky path when it comes to taxes.
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MSCPA announces 2020 Women to Watch
By Sean McCabe      1 min read
The Massachusetts Society of CPAs honored seven female professionals — four Emerging Leaders and three Experienced Leaders — for their contributions to the profession.
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SPONSOR CONTENT
Here’s what firms need to know about cloud technology
Accounting professionals are “going cloud” to make at-home access to their firm’s software easier… why?
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Boomer’s Blueprint: The firm advantage
By L. Gary Boomer      5 min read
Technology can give you an edge, but not if you focus on the technology, instead of the business problem.
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Accountants leverage RPA amid coronavirus
By Michael Cohn      4 min read
Robotic process automation has been spreading across accounting and finance departments, according to an IMA report.
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Private sector added 167,000 jobs in July, says ADP
By Michael Cohn      3 min read
Job growth slowed in July as a result of the novel coronavirus pandemic.
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SEC names new chief accountant in Corporation Finance unit
By Michael Cohn      2 min read
The Securities and Exchange Commission named Lindsay McCord as chief accountant in the SEC’s Division of Corporation Finance.
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In the blogs: Regards from Mickey
By Jeff Stimpson      3 min read
Down on Main Street; the non-filer initiative; refund interest; and other highlights from our favorite tax bloggers.
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Stimulus talks accelerate with lawmakers under pressure to act
By Steven T. Dennis      4 min read
White House and Democratic negotiators driving toward a deal on a final massive virus relief package by the end of the week still must overcome a raw mix of election-year pressures, internal GOP splits and a profound lack of trust between the parties.
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RESOURCES
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Implementing a cloud-based digital tax workflow in time for 2021
Join this 60 minute CPE accredited panel discussion and gain insights into what it takes to successfully implement a cloud-based Digital Tax Workflow in time for 2021. We’ll also cover the many advantages of doing so with many shelter-in-place protocols still in effect due to COVID-19.
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