ICYMI | FASB Streamlines Income Tax Accounting

[ad_1] Recently, FASB issued a new Accounting Standards Update (ASU 2019-12), Simplifying the Accounting for Income Taxes. The new standard amends section 740 of the Accounting Standards Codification (ASC), eliminating some problematic exceptions and technicalities. CPAs hoping the new standards would reduce the overall complexity of deferred income taxes will be […]

How digital currencies can help small businesses?

[ad_1] Small businesses should understand the importance of improving the customer experience. Regarding payment options at the checkout, you don’t want to restrict your customers. As cryptocurrency gains acceptance, it is increasingly being used by businesses as a form of payment. The majority of industry behemoths have started accepting cryptocurrencies […]