Financial and Economic Capital: Are Both Same?
Capital is typically defined as money raised through debt and equity offerings. However, in economics and finance, the term "capital" has several different connotations. Financial Capital Financial capital most typically refers to assets required by a business to deliver...Read more
How CPAs can Mitigate High-Risk Areas?
Many CPAs are unaware of how their day-to-day duties can easily expose them to wrongdoing litigation. The causes of litigation are well known as well as the mitigation techniques they require to prevent these harms. Here, we are going to...Read more
4 Top Trends that are shaping the Future of Accounting and Tax
As digital transformation continues to accelerate the evolution of the tax and accounting industry, accountants who accelerate their adoption of these trends will have a first-mover advantage. These trends will help you embrace each one as an opportunity to drive...Read more
Why do you Need Financial Auditing Services?
Financial audit services refer to services provided by an external auditor to audit and evaluate a company's financial statements. The auditor normally evaluates the declarations and reports to verify their authenticity and correctness. So, why do you need these services?...Read more
5 Questions to Ask a Payroll Specialist Before Payroll Services
An effective and efficient payroll process can increase employee satisfaction and retention. Payroll service providers can eliminate the stress and time burden on employers by calculating required payroll and withholding taxes. This article will help you understand the questions to...Read more
IRS Alert – Economic Impact Payments Belong To Recipients; Not To Nursing Homes & Care Facilities
Economic Impact Payments Belong To Recipients; The Internal Revenue Service (IRS) instructs nursing homes and other medical-care facilities not to request for Economic Impact Payments. As per the details, the IRS says that Economic Impact Payments belong to the recipients,…
IRS Guidance for Employer Leave-Based Donation Programs (COVID-19)
Employer Leave-Based Donation Programs announced by the the Internal Revenue Service (IRS). As per the details, the victims of the COVID-19 pandemic in the United States can get aid from IRS employer leave-based donation programs. The purpose of this program…
Your Economic Impact Payments Arrive In Prepaid Debit Cards in Plain Envelope, Not Checks
How Economic Impact Payments arrive? The Internal Revenue Service (IRS) is successfully delivering Economic Impact Payments across the nation. As the process continues, the IRS reminds taxpayers that some payments are being sent by prepaid debit card, contrary to the…
IRS, Treasury Release State-By-State Economic Impact Payment Figures for May 22, 2020
State By State Figures For Economic Impact Payments; The U.S. Treasury Department and the Internal Revenue Service (IRS) issued the details of state by state figures for Economic Impact Payments for May 22, 2020. As per the details, most of the individuals…
IRS, Treasury Delivered Economic Impact Payments to 130 Million Americans in Record Time
130 Million Americans received Economic Impact Payments; The Internal Revenue Service (IRS) and the U.S. Department of the Treasury proudly announce that almost 130 million Americans have received Economic Impact Payments throughout the United States. Both of the government agencies…