One of FASB’s goals for its new hedge accounting guidance was to remove some of the barriers that the old accounting rules presented for hedging. “The interest is palpable, particularly from the ...

The Internal Revenue Service (IRS) recently released two revenue procedures that relate to the implementation of accounting method changes as a result of the revisions to Section 846 of the Internal ...

Part of thriving is mastering small business accounting, and these tips can help. 1. Keep detailed records like you're a world-class detective Detailed financial records act as a snapshot, allowing ...

Many freelancers who use simplified accounting software like FreshBooks have gotten pushback from accountants who wanted them to use the double-entry accounting offered by programs such as QuickBooks.

The IRS issued proposed regulations (REG-132766-18) on July 30 related to simplified tax accounting rules for small businesses and updating various tax accounting regulations to adopt the simplified ...

Like many of you, I’ve been a firm owner for several years. Also like many of you, in the early years of growing my business, I worked what seemed like countless hours. I had started out by building a ...

Owning your own business is about doing the one thing you love to do, and 99 other things you dislike but must do, according to Roger Harris, president and chief operating officer of Padgett Business ...