FASB finalizes new crypto standard in record time
September 18, 2023
Good news: Companies that invest in or exchange cryptocurrency assets will soon be allowed to report them at fair value, rather than under the accounting rules for intangible assets. Here’s what you should know about the new crypto standard.
Offering employees health club memberships as a fringe benefit
September 15, 2023
Employers: Would your employees appreciate health club memberships as a fringe benefit? It’s worth considering, but there are tax rules and compliance considerations. Details here.
Start cross-training your accounting team today
September 14, 2023
There’s a talent crisis in the accounting profession that’s getting worse every year. Cross-training is one way your organization can attract and retain skilled accounting personnel.
Planning ahead for 2024: Should your 401(k) help employees with emergencies?
September 13, 2023
Next year, a new provision kicks in that may allow businesses to help employees in financial emergencies through their retirement plans. Here are the details.
IRS to employers: Examine your ESOPs!
September 12, 2023
Many of today’s employers sponsor employee stock ownership plans, popularly known as ESOPs. The IRS recently sounded an alert about potential compliance issues with these plans. Details here.
Navigating the percentage-of-completion method
September 11, 2023
The accounting rules for reporting income from long-term contracts for book and tax purposes can be confusing. Here’s a brief overview of the accounting rules.
