NSAC Happenings and Latest News - Page 48
6 questions to ask to find out if you're an ethical leader
The director of Ethical Imperatives contends that ethical leaders possess six traits that command, not demand, loyalty. Unlike the purely ceremonial royals of today, kings of old were absolute sovereigns. They answered to no one. Their word was law. And they held unchecked power over life and death in their hands. If so, what distinguishes kings from despots? Only this: the way they appear in the eyes of their people. A ...
Read MoreAccounting and Financial Controllers Steer the Ship
Accounting and financial controllers are some of the hardest-working executives in an organization, but unfortunately, they are often overlooked. There are more than 250,000 controllers in the United States, and 810,000 worldwide, yet CFOs and the C suite seem to get all the media attention. Around the world, companies and organizations turn to their controllers for everything from compliance to cash flow, internal controls and closing ...
Read MoreRisk Alert: COVID-19 and the Return to Work
The emergence of the novel coronavirus quickly upended the way businesses, including accounting firms, around the United States operated. Shelter-in-place orders prompted millions to pivot nearly overnight to halt business travel, begin working from home, and use virtual conferencing software to substitute for what previously would be in-person meetings and visits. Now some CPA firm leaders may be considering how to ...
Read MoreIRS Releases Final Rules on Business Meals and Entertainment
The IRS issued final regulations (T.D. 9925) implementing provisions of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, that disallow a business deduction for most entertainment expenses. The regulations also clarify the treatment of business deductions for food and beverages that remain deductible, generally limited to 50% of qualifying expenditures, and how taxpayers may distinguish those expenditures from ...
Read MoreLet's End the Debate: Automation Will Never Replace Accountants
Automation has brought significant changes to the accounting profession over the last decade. While some tools have made accountants’ lives easier, others have chipped away at their roles as startups seek to disrupt a legacy industry. The tech companies that developed these tools have also created and perpetuated a false debate about whether automation will overtake the industry completely and make accountants irrelevant. It’s ...
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