NSAC Happenings and Latest News - Page 58
5 Tips for Running a Successful Remote Close
Even before the outbreak of COVID-19, CFOs and finance leaders faced an increasingly complex landscape, driven by a multitude of social, political and economic threats. Few could have been prepared for the impact of a global pandemic that has changed the very nature of business as usual. Today, with the majority of their workforce operating remotely, many forward-thinking finance teams across the world have or are preparing to push the button ...
Read MoreWhat's In Your Firm's Social Media Policy?
Social media is one of the most powerful and easy ways to market your firm, and it is the rare accounting firm that doesn’t have some sort of social media presence. But with great power comes great responsibility, and it is time for firms to either create, or update, their social media policies. We all like to think that everyone who works for our firms is knowledgeable about what is, and is not, appropriate to share publicly. We also ...
Read MorePPP Recipients Can Apply Early for Loan Forgiveness, SBA Says
New Paycheck Protection Program (PPP) guidance released Monday night declares that PPP recipients can apply for loan forgiveness early but that doing so could cost them money. In a 34-page interim final rule (IFR) issued in consultation with Treasury, the U.S. Small Business Administration (SBA) addresses a number of issues related to the PPP, which was created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L.
Read MoreA World Without Passwords?
Q. I am sick to death of having to remember passwords. Is there any hope of getting rid of them soon? A. "I love passwords," said no one, ever! The idea of remembering hundreds of passwords is nauseating and, for many, results in poor password hygiene. A 2017 report from LastPass indicates the average business user has 191 passwords to manage. I personally have over 300! In the world of cybersecurity, there are continuous ...
Read MoreIRS Proposes Rules for Elimination of Commuting Benefits Deduction
The Internal Revenue Service has issued a set of proposed regulations to provide guidance on the elimination of the deduction of qualified transportation fringe and commuting expenses in the Tax Cuts and Jobs Act. The TCJA got rid of the traditional deduction for qualified transportation fringe expenses and generally doesn’t allow employers to claim the deduction for transportation and commuting expenses of their employees ...
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