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% […]
Displaying: Exam Review
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 […]
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 […]
8 Common Tax Problems Every Tax Preparer Should Be Ready For in 2020
2018 had some major tax changes due to the Tax Cuts and Jobs Act. And while we’re still recovering from these changes (or still working through them with our extended filers), it’s time to start looking into what tax problems we’ll be working with for the 2019 tax year. Most of the changes to the […]
Top CPA Exam resources for accounting students
Coming into the first semester of college can be hard enough without having to research information about the CPA Exam. From balancing studying for classes with studying for the CPA Exam to diverse career paths within the field of accounting, we’ve put together a list of essential articles for accounting students to read on their […]
Prometric announces user-interface change for CPA Exam candidates
Prometric is continuing its investment in user experience. The company that provides testing centers for the Uniform CPA Examination announced a user interface pilot program refresh beginning in July 2019 with a complete refresh scheduled across all test centers by April 2020. Through upgraded operating systems, a new user interface pilot program, and a few […]
PRESS RELEASE: Surgent Expands into Healthcare Professional Education Through PharmCon Acquisition
On August 12, 2019, Surgent, a Spire Capital Partners portfolio company, announced the acquisition of Pharmaceutical Education Consultants, Inc. (“PharmCon”), as an expansion further into the continuing education and exam preparation markets. Surgent provides end-to-end professional education for accounting, finance, and tax professionals, guiding students through credentialing exams and working professionals through continuing education courses. […]