NSAC Happenings and Latest News - Page 19
Avoid These 8 PowerPoint Mistakes
Several years ago, Tom Hall, CPA, looked forward to attending a PowerPoint presentation about blockchain's potential impact on accounting. Unfortunately, the slides were so jumbled and overloaded that he didn't learn much. "The person next to me said, 'I think I know less about blockchain now than I did when we started.' I agreed," said Hall, an associate professor of the practice at the University of Denver's School of Accountancy. "When ...
Read MoreCountdown Starts to Private Company Lease Accounting Overhaul
After a failed attempt to secure another deadline extension, 2022 is—for real—the year private companies have to tally up all the real estate, equipment, and vehicles they rent and report them on their balance sheets for the first time ever. By all accounts, figuring out how to comply with the Financial Accounting Standards Board’s new lease accounting standard will be a major undertaking. Luckily, private companies ...
Read MoreHow to Hire Remote Employees
Finding talent has always been a challenge for the accounting profession. It’s not getting any easier, and a lot of firms are really struggling right now. But one way firms are increasing their talent pool is by hiring remote employees. Since the start of the COVID-19 pandemic, more firms are jumping on the remote work bandwagon. Firm leaders have come to realize that good accountants don’t have to be sitting in the same office, but ...
Read MoreAutomation Won’t Replace CPAs. It Will Enhance Them
Artificial intelligence is going to change accounting, but not in the ways that you think. By now, AI is being utilized in almost every industry. While in some sectors automation could lead to a reduction in the number of jobs, for accountants, its impact is beneficial. If you’re a practicing CPA, rest easy; technology isn’t coming here to take your job, it’s here to make your job better. Like the previous adoption of ...
Read MoreWhat’s New for 2022 in Federal Taxes
While the Build Back Better Act's smorgasbord of tax incentives for clean energy, new taxes on large corporations and wealthy individuals, and tax relief for others remains stalled for now in the Senate, 2022 nonetheless dawns with the advent of at least one new tax provision, lapses of a number of others, and at least a couple of sets of required regulatory rules. Amortization of R&E expenditures Effective for amounts paid or incurred in ...
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