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In the wake of the Great Resignation of 2020, the state of Tennessee witnessed the emergence of over 75,300 new businesses in 2021, marking a remarkable 97.4% rise from 2017 figures as reported by the Tennessee Secretary of State. This surge in entrepreneurial activity creates ample possibilities for CPAs to expand into an advisory role.
View MoreThe use of bookkeeping software, such as Quicken, QuickBooks and Peachtree/Sage50, has permeated the accounting field in recent years. Most of these bookkeeping software market themselves as your client’s business partner.
View MoreAs a company’s clientele expands, the organization must grow with it. Using digital innovation can help you reach clients and customers through low-cost, measurable channels.
View MoreAn important goal of the Financial Accounting Standards Board (FASB) is listening to the concerns, insights and other feedback of stakeholders. One primary concern communicated by stakeholders via the 2021 FASB invitation to comment on the Board’s agenda related to crypto assets.
View MoreThe Tennessee Department of Revenue has recently issued Important Notices #23-04 through #23-11 regarding changes made by the Tennessee Works Tax Act (SB275/HB323), which was passed in April by the Tennessee General Assembly.
View MoreThe Financial Accounting Standards Board recently published a proposed Accounting Standards Update intended to improve generally accepted accounting principles by adding illustrative guidance to help entities determine whether profits interest and similar awards should be accounted for as a share-based payment arrangement within the scope of Topic 718, Compensation—Stock Compensation.
View MoreThe Securities and Exchange Commission recently adopted amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, as well as amendments intended to modernize the disclosure requirements relating to repurchases of an issuer’s equity securities.
View MoreThe Federal Reserve recently increased the benchmark interest rate by a quarter of a percentage point, the 10th increase since March 2022.
View MoreThe IRS and the U.S. Department of the Treasury recently issued proposed regulations REG-124064-19 regarding rules for certain repatriations of intangible property.
View MoreThe Public Company Accounting Oversight Board recently announced it has enhanced its inspection reports with a new section on auditor independence and a range of other improvements intended to increase transparency.
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