Category: Accounting
What’s in the Fiscal Responsibility Act?
June 15, 2023
President Biden signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). The Fiscal Responsibility Act (FRA) suspends — as … Continued
Reminder: Two New Accounting Standard Updates Take Effect
December 28, 2022
As the end of year approaches, we want to remind organizations of two new accounting standard updates that are effective for calendar year 2022. Leases (Topic 842) – ASU 2016-02 … Continued
New Tax Reporting Requirements for Payment Apps
February 15, 2022
If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square, or PayPal, you could be affected by new tax reporting requirements that take effect … Continued