Three rules for startup accounting

The first decisions an accountant makes for a venture capital-funded startup can make a big difference in the future. Original Article Posted at : https://www.accountingtoday.com/opinion/three-rules-for-startup-accounting

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Yuletide treats and balance sheets

An income statement summarizes revenues and expenses and then reports profits. Isn’t that just like the Christmas letter that summarized all the year’s activities? Original Article Posted at : https://www.accountingtoday.com/opinion/yuletide-treats-and-balance-sheets

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IRS expanding IP PIN opt-in program to all taxpayers

Starting in January, the six-digit numbers will be available to everyone, not just those who have suffered from identity theft. Original Article Posted at : https://www.accountingtoday.com/news/irs-expanding-ip-pin-opt-in-program-to-all-taxpayers

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Additional Pandemic Relief Might Be Taking Shape

With fewer than 10 days until government funding runs out, congressional lawmakers are down to the wire to fund the government and provide additional pandemic-related relief to the households and businesses trying to make it through the winter. This week, both Senate Majority Leader Mitch McConnell (R-KY) and a bipartisan group of lawmakers released new…

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Taxes cited most often in CAMs disclosures

Companies discussed taxes, followed by goodwill and/or intangibles, most frequently during their first year of disclosures of critical audit matters, according to a new report from the Center for Audit Quality. Original Article Posted at : https://www.accountingtoday.com/news/taxes-cited-most-often-in-cams-disclosures

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Reduced Corporate Income Tax Rates for Small Businesses in Europe

Corporate income taxes are commonly levied as a flat rate on business profits. However, some countries provide reduced corporate income tax rates for small businesses. Out of 27 European OECD countries covered in today’s map, nine levy a reduced corporate tax rate on businesses that have revenues or profits below a certain threshold. Belgium, France,…

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