The IRS finalized a new law for depreciation under the Tax Cuts and Jobs Act (TCJA), allowing businesses to immediately expense more qualified property. The final regulations put into effect the August 2018 proposed regulations but include some modifications. The final regulations include expensing of section 179 property, an increase in bonus depreciation from 50% […]
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The Cost of Toxic Employees
It’s important that employees feel safe within their environment. After all, the workplace is where they spend a good majority of their time, and everyone deserves to feel respected and secure. However, as business owners, we often come face-to-face with toxic employees who impact company culture in a very negative way. Believe it or not, […]
Surgent CPA Review introduces MyMCQ™, a machine-learning-powered progressive difficulty feature
Surgent CPA Review, an exam prep provider known for its innovative personalized learning software, recently announced an enhancement called MyMCQ™ to its machine-learning algorithm. MyMCQ automatically adjusts the difficulty level of multiple-choice questions based on each candidate’s level of proficiency in that particular topic, pushing them to more advanced competency levels and getting them exam […]
20 Advantages of an Online Tax Course vs. a Live Tax Class
eLearning is the greatest revolution in education. It has created radical changes in our education system and opened great opportunities for everyone who wants to obtain more knowledge or learn new skills. Here are some of the advantages of learning tax preparation online. You can learn whatever you want! The great variety of online tax […]
New FASB accounting standards update to debt classification in classified balance sheet
After receiving comments from various stakeholders following an initial proposal in 2017, on Sept. 13, the FASB rereleased proposed Accounting Standards Update, Debt (Topic 470): Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent). The standard applies to all for-profit and not-for-profit companies that have outstanding debt and prepare a classified […]
Top Excel skills for accountants
Ask any accountant in any field which software they use on a daily basis, and the most common answer will be Microsoft Excel. The spreadsheet tool is perfect for anyone working in the finance and accounting fields due to its versatility and specific financial applications. At this point, it’s expected that you be proficient in […]
6 ways to improve your CPA Exam score
It’s one thing to fail a test when you haven’t invested your full effort. However, when you fully invest your time and effort, only to come up just a little bit short, it’s among the worst feelings in the world. Failing a section of the CPA Exam can feel like an overwhelmingly negative setback. At […]
Is Your Wordpress Website Up-to-Date?
If you’ve got a website, we’re willing to bet it was built on Wordpress (ours is). As one of the most popular content management systems on the market, Wordpress is relatively user friendly with lots of great themes and plugins for optimizing. Here’s the thing. Wordpress is not a build it and forget it kind […]
2020 CMA Exam Content Changes Released
Starting January 1, 2020, the CMA exam will undergo substantial changes to ensure that the certification is current, relevant, and valid for accountants seeking to work in management accounting. The Institute of Certified Management Accountants (ICMA) decided on these changes after performing a thorough job analysis. Both parts of the exam will feature changes to […]