Monthly Archives: June 2019

The data dilemma: Do financial institutions have enough data for CECL?

Data has always been the cornerstone of an accurate and compliant allowance for loan and lease losses (ALLL), and it will remain critical under the current expected credit loss model, or CECL. Source: Payroll News

Posted in News | Leave a comment

Trump's tax cuts could die the hard way: A little at a time

Democratic presidential candidates like Joe Biden and Kamala Harris have talked about repealing the GOP’s tax overhaul. Yet a large-scale rollback is unlikely. Instead, two other forces could slowly unravel the law — Democrats currently in power in the House … Continue reading

Posted in News | Leave a comment

Xero makes powerful partnerships for the future

Xerocon was a showcase of the achievements of the past year as much as it was about the roadmap for the future. Source: Payroll News

Posted in News | Leave a comment

In the blogs: Spatter up

The day-off debate; SECURE’s flaw; IRS appeals mean a long wait; and other highlights from our favorite tax bloggers. Source: Payroll News

Posted in News | Leave a comment

40% of QuickBooks users don’t have accountants

Intuit wants to put small businesses in touch with professional advisors, in more ways than one. Source: Payroll News

Posted in News | Leave a comment

Trump’s tax law made Americans less charitable, nonprofits say

Americans gave less money to charities last year partly because the Republican tax law changes made many people ineligible for tax breaks that can inspire donations. Source: Payroll News

Posted in News | Leave a comment

AICPA names 2019 'Outstanding Young CPA'

Elizabeth Pittelkow Kittner, head of finance at the International Legal Technology Association, was recognized for her efforts to advance the accounting profession. Source: Payroll News

Posted in News | Leave a comment

FASB looking at delaying standards for private companies and nonprofits for 2 years

The Financial Accounting Standards Board is considering giving privately held companies and not-for-profit organizations an extra two years to implement standards. Source: Payroll News

Posted in News | Leave a comment

Eight simple questions to hone your firm’s vision

At AICPA’s Engage conference, MACPA’s Bill Sheridan shared which topics need to be discussed when defining your business. Source: Payroll News

Posted in News | Leave a comment

TXCPA honors 2019 'Rising Stars'

The Texas Society of CPAs highlighted 20 up-and-coming CPAs under the age of 40 who have demonstrated leadership in the profession and their local communities. Source: Payroll News

Posted in News | Leave a comment