Hot Topics Article Archives - Page 19
How to Manage Performance Evaluations in the Work-From-Home Era
A performance review, done well, applauds excellent work, delivers beneficial feedback and inspires a feeling of forward momentum. It’s not easy to pull off in the best of times, and as work-from-home drags on, the task can feel even more challenging. Inspiring employees to remain engaged and productive is a growing issue. The number of chief executives who cited employee performance as a top concern shot up to 56 percent in ...
Read MoreArt of Accounting: Top 10 All-Time Leadership and Management Books
"The One Minute Manager" by Ken Blanchard and Spencer Johnson "Murphy’s Law" by Arthur Bloch "How to Win Friends and Influence People" by Dale Carnegie "First Things First" by Stephen R. Covey, A. Roger Merrill, and Rebecca R. Merrill "The Essential Drucker" by Peter F. Drucker "The Way to Wealth" by Benjamin Franklin "Think and Grow Rich" by Napoleon Hill "Parkinson’s Law" by C. Northcote Parkinson "The Peter Principle" by ...
Read More2021 Standard Mileage Rates Decrease
The optional standard mileage rates for business use of a vehicle will decrease once again in 2021 after increasing significantly in 2019, the IRS announced in Notice 2021-02. For business use of a car, van, pickup truck, or panel truck, the rate for 2021 will be 56 cents per mile after decreasing to 57.5 cents per mile in 2020, down from 58 cents per mile in 2019. Taxpayers can use the optional standard mileage rates to calculate the ...
Read MoreFASB: Don’t Make Big Changes to the Lease Standard
As we wrap up an unpredictable year, let’s explore the Financial Standards Accounting Board’s recent roundtable discussions, new guidance on lease implementation for public and nonpublic organizations, and what we can expect for non-public implementation next year. Public companies understand the new lease standard now that they have completed their implementations. For the most part, the guidance works as intended, and the standard ...
Read MoreFASB Proposes Goodwill Alternative for Private Cos., Nonprofits
The Financial Accounting Standards Board floated a proposed accounting standards update to offer an accounting alternative to make it easier for private companies and nonprofit organizations to evaluate a goodwill triggering event. Under the current rules for U.S. GAAP, goodwill has to be tested for impairment when a triggering event happens indicating it’s more likely than not that the fair value of the reporting unit is ...
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