FASB proposes to delay leases and revenue recognition standards due to coronavirus

The proposal would delay the effective date for one year for some private companies and nonprofits in applying the leases standard and for franchisor businesses in applying the revenue recognition standard.

FASB proposes to delay leases and revenue recognition standards due to coronavirus


IRS hits the brakes on collections in response to the coronavirus

To help taxpayers struggling with the pandemic, the service will suspend most collection activities.

IRS hits the brakes on collections in response to the coronavirus


Transfer pricing opportunities in the coronavirus economy

In a down economy, international planning is even more important.

Transfer pricing opportunities in the coronavirus economy


AICPA delays auditing standards for a year due to coronavirus

The American Institute of CPAs’ Auditing Standards Board has decided to defer the effective dates of seven of its recently issued Statements on Auditing Standards because of the novel coronavirus pandemic.

AICPA delays auditing standards for a year due to coronavirus


Timeless blunders: What mistakes are clients making this season?

Pandemic or not, taxpayers are making many of the same blunders, according to tax professionals.

Timeless blunders: What mistakes are clients making this season?


Keep your pipeline alive now so you can thrive later

You can still reach out to prospects even in the midst of the coronavirus pandemic.

Keep your pipeline alive now so you can thrive later


IRS urges quick action to register children for $500 coronavirus payment by Wednesday

Recipients of Social Security benefits, as well as railroad retirement and veterans benefits recipients, will need to act fast.

IRS urges quick action to register children for 0 coronavirus payment by Wednesday


IIA moves to online testing for internal auditor exams amid coronavirus threat

The Institute of Internal Auditors has stopped most of its in-person activities, including training, during the COVID-19 pandemic and will instead do online testing on a temporary basis for its certification exams.

IIA moves to online testing for internal auditor exams amid coronavirus threat


The transformation to advisory services: A few observations from the road

Prior to this unprecedented time for our community, I had been traveling the country for nearly 10 months, meeting with large accounting firms for one-on-one deep dives into their advisory workflows and client experience.

The transformation to advisory services: A few observations from the road


Take your accounting practice virtual in 5 steps

Starting a virtual accounting practice or transitioning from a conventional one can lead to a fantastic lifestyle, and can also open up considerable professional opportunities.

Take your accounting practice virtual in 5 steps