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In 2020, the year COVID-19 first attacked the United States, the presidential administration made several attempts to lessen the financial burden on the people – offering stimulus payments, a series of student loan interest and payment pauses, and allowing individuals to make penalty-free early withdrawals from their retirement accounts, to name a few.
View MoreToo often, many of us in our profession think from a scarcity mindset rather than an abundance mindset. We think that clients, money and talent are limited.
View MoreAs much as we might want it to be easy, investing is rarely a smooth ride. While market drawdowns are to be expected over time, the severity of the market decline and the length of time it will take for markets to recover are both out of investors’ control and impossible to predict in advance.
View MoreI remember my very first budget meeting of the year. For 18 years, we went through the same type of budget exercise in which the company would ask each department to submit detailed reports, and Accounting would roll the budget up to see “where we were.”
View MoreInnovation is not just a buzzword. Most importantly, what is innovation-driven business development?
View MoreThe Financial Accounting Standards Board continues its goal of clarifying accounting and reporting standards for public entities, private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles.
View MoreAt a recent visit to a new IRS facility, U.S. Treasury Secretary Janet Yellen spoke on the Biden administration's plans for improving IRS services.
View MoreThe Securities and Exchange Commission recently proposed rule changes to enhance risk management practices for central counterparties in the U.S. Treasury market and facilitate additional clearing of U.S. Treasury securities transactions.
View MoreThe IRS is making its forms, publications and correspondence more accessible to blind and visually disabled taxpayers.
View MoreLease transactions have been engaged in by corporations for decades. As with other issues in financial reporting, accounting rule makers have desired to provide useful information about leasing in the financial statements. In February 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-02, which led to the creation of a new accounting standard for leases, Accounting Standards Codification 842.
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