Economic unpredictability may be giving senior leadership and shareholders second thoughts about your 2023 budget priorities. Here's what some experts are saying about the approaches your peers may be taking with their 2023 budgets, which can give you some budgeting…
Accounting Compliance
Supply chain financing has become popular among businesses like yours, and the Financial Accounting Standards Board (FASB) has taken notice. A new rule approved by FASB's board on July 20 means you'll have to disclose information on any supply chain…
Many of your peers at publicly traded companies are mulling over best practices for reporting purchases of climate-friendly credits to build their environmental, social and governance (ESG) portfolio. If the proposed Securities and Exchange Commission's (SEC) ESG disclosure requirements become…
The new standard for lease accounting from the Financial Accounting Standard Board (FASB), ASC 842, has been in place for about six months now, taking effect for fiscal years beginning after Dec. 15, 2021. Companies that have been dragging their…
Your company will have to do more early legwork when filing for a research and development (R&D) credit refund from IRS. Back in October, the Taxman issued an Office of Chief Counsel Memorandum establishing stricter new rules that require you…
Good news: Your company can continue to rely on an electronic signature for many different tax forms through the end of the year. IRS recently extended the use of electronic and digital signatures on many tax forms until Dec. 31,…
Many public companies have now finished their second year accounting for leases under ASC 842, and the effective date for private companies is quickly approaching. The new lease accounting rules significantly impact the way companies—both public and private—account for their…
FASB’s lease accounting standard (ASC 842) will take effect for periods beginning after Dec. 15, 2021 (calendar year 2022) for private companies. Which means hopefully by now you’re in full-on preparation mode. But what technology route should you take to…
As careful as your finance team is when filing 1099s, even tiny errors can lead to costly penalties from IRS and time-consuming corrections. Of course, 1099 penalties and corrections are something you never want to deal with in the first…
There's no rest in Finance! For some companies, the next few months bring important spring unclaimed property reporting deadlines. This time of year, things are already busy for your finance team as they handle other critical responsibilities, like year-end filing…
If the chaos of the pandemic and year-end caused your finance team to put the idea of an IRS audit on the backburner, it's time to bring that focus front and center again. IRS is planning to increase the number…
The holidays have passed, year-end work is in full swing, and 1099 reporting deadlines for 2020 are right around the corner. Given the pandemic, this tax season likely feels and looks a lot different than year-ends past. And as CFO,…
