There are no fixed rules and you can grow your firm in many ways. | | | How is the coronavirus pandemic impacting your accounting business? | | Please take a few minutes — less than 10 — to complete this month's Accountants Confidence Index (ACI). Your participation helps us provide you and your peers with information on economic conditions and the pandemic's impact. To thank you for your participation, Accounting Today's parent company Arizent will donate $10 per complete to Direct Relief to support the nonprofit's ongoing COVID-19 efforts. Together we can create strong, relevant content while supporting a worthy and important cause. | |
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| A great time for fraudsters → | | By Daniel Hood | | Grant Thornton CEO Brad Preber and principal Linda Miller, who leads the firm’s fraud and financial crimes practice, explain why the coronavirus pandemic and the government response to it have created unique opportunities for fraud. | |
| Has coronavirus changed bookkeeping forever? → | | By Elizabeth Hughes 3 min read | | As businesses and employers make the sudden shift to agile working from home, how does this change their approach to maintaining their accounts? | |
| Coronavirus’s impact on Q1 reporting and financial closing → | | By Clancy Fossum 4 min read | | As the world grapples with the escalating impact of the pandemic, a stark realization is now sweeping over accounting and finance teams — they’re the ones who have to figure out how countless uncertainties fit into their reporting and GAAP. | |
| Study questions effectiveness of TCJA at stemming foreign R&D shifting → | | By Michael Cohn 3 min read | | The international tax provisions of the Tax Cuts and Jobs Act will likely have less impact on the willingness of multinational companies to shift their income abroad than the money they can save by using foreign employees to do research and development. | |
| Democrats’ $3 trillion aid bill has seeds for eventual GOP deal → | | By Erik Wasson, Steven T. Dennis and Laura Litvan 6 min read | | Republicans universally rejected a $3 trillion stimulus measure drafted by House Democrats to bolster the U.S. economy, but the draft plan has the seeds for an eventual, smaller compromise. | |
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