"We spent two days in the woods, camped, and emerged with a handshake and a new company," Davis said.
In January 2021, Davis was sitting in his RV office in a beautiful part of Canada. "I'm in a campground on Vancouver Island in British Columbia and came here to isolate for the winter," he said. Meanwhile, Zweig was caught in a lockdown in Argentina.
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Only 4% of 223 CPA firms polled in the summer of 2020 said they were fully virtual heading into the pandemic, according to research by ConvergenceCoaching, a U.S. company offering training services to the public accounting profession. About three-fifths (61%) of the firms said they had some remote talent, and 27% said they had been strictly in-office pre-coronavirus.
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FOCUS ON LAW AND ACCOUNTING — Byars' love of the outdoors gives him perspective | MS Business
Author Izaak Walton once wrote in his 17 th century tome The Compleat Angler that "God never did make a more calm, quiet, innocent recreation than angling".
You'd get no argument from Trey Byars, Daniel Coker law firm president and fly fishing extraordinaire, regarding Walton's keen observation about the art and spirit of the sport.
"I do a lot of fly fishing when I get free time," said Byars. "My father-in-law has a place in the North Carolina mountains right outside Asheville, and my wife and I go there several times a year. It's very relaxing.
FASB Approves Tweak to Goodwill Accounting Rules for Private Companies, Nonprofits - WSJ
The Financial Accounting Standards Board on Wednesday approved a tweak to goodwill accounting rules for private businesses and nonprofits to help them reduce costs and complexity as they continue to weather the coronavirus pandemic.
The move by the U.S. standard setter allows these companies and organizations to assess at a later point in time a situation that might trigger a goodwill impairment.
Companies record goodwill on their balance sheets when they buy a business for more than the value of its hard assets. Under current accounting rules, they must monitor and evaluate so-called triggering events for impairment of the goodwill throughout the year.
Leading Crypto Tax Platform Ledgible Joins The Accounting Blockchain Coalition | State News |
Verady joining the Accounting Blockchain Coalition (ABC) is important this week with the opening of tax filing season by the IRS on Friday, February 12. New for 2020, the Tax Form 1040 includes the virtual currency question. As a member of the ABC, Verady will help evolve ABC into an objective, industry resource and community for organizations involved with cryptoassets and blockchains in accounting.
"There are challenges to accurately financially report and handle taxation for cryptoassets and Ledgible looks forward to being part of the Accounting Blockchain Coalition to bring clarity and guidance to cryptoassets and their implications," said Kell Canty, CEO of Verady.
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IRS warns of e-file identity theft scam | Accounting Today
"Phishing scams are the most common tool used by identity thieves to trick tax professionals into disclosing sensitive information, and we often see increased activity during filing season," said IRS Commissioner Chuck Rettig in a statement. "Tax professionals must remain vigilant. The scammers are very active and very creative."
"In order to help protect both you and your clients from unauthorized/fraudulent activities, the IRS requires that you verify all authorized e-file originators prior to transmitting returns through our system. That means we need your EFIN (e-file identification number) verification and Driver's license before you e-file.
OPKO Health chief accounting officer resigns | Article | Compliance Week
Diagnostic test company OPKO Health announced the resignation of Rulfo Hernandez as chief accounting officer, treasurer and global corporate controller.
"Mr. Hernandez's resignation is not a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices," the firm said in a regulatory filing .
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Shutterstock, a stock photography provider, announced John Lapham is joining the company's leadership team as general counsel.
SCORE Maine, UMaine Extension offer accounting workshop for farms - UMaine News - University of
University of Maine Cooperative Extension and SCORE Maine will offer a four-session online accounting workshop for small farms and agricultural businesses using QuickBooks from 6–8:30 p.m. starting Feb. 15. The remaining dates for the webinar series are Feb. 17, Feb. 22 and Feb. 24.
" QuickBooks for Farms " includes basic principles of accounting; tracking sales, invoicing, payments and expenses; and reporting functions. Access to a desktop personal computer or laptop capable of running the software, made available to participants for the duration of the workshop, is required. SCORE Maine volunteer Michael Fortin will lead the session.
Register to read | Financial Times
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