Category: Accounting News

Understanding the Latest Modifications to Form 1099-K Reporting Requirements

There has been updated guidance on how and when tax filers must file and report Form 1099-K, Payment Card, and Third-Party Network Transactions in 202

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How Mark-to-Market Works in Accounting

According to the Harvard Business Review, mark-to-market accounting was what some attributed to the Great Financial Crisis of 2008. Economists such as

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Inventory Valuation: How Companies Can Calculate It

By 2021, there were 20,000 warehouses in the United States and growing, according to the United States Bureau of Labor Statistics (BLS). With more war

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Dissecting the Revenue Recognition Principle

Some businesses, especially publicly traded ones, may choose accrual accounting to reduce volatility in earnings, while start-ups or small businesses

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How to Reduce Customer Churn as a CFO 

We've all learned that it is more expensive to acquire new customers than it is to keep current ones, which is especially the case now. What CFOs may

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How to Determine Partnership Basis, Inside and Out

According to the Internal Revenue Service, the 2019 tax year saw more than 25 million partners comprising nearly four million tax returns filed by par

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Understanding Free Cash Flow

According to JP Morgan Chase & Co., there are some sobering statistics for businesses' cash flow challenges. Understanding how cash flow is measur

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