An AccountingWEB reader recently asked if the process of closing a business with negative equity would be any different than dissolving a company that’s not in the red. Generally, there’s no difference in the steps that a business owner must take. However, there could be tax implications when a company
Ledgible, a professional-first platform for tax and accounting of crypto assets, announced upcoming reporting options for staking rewards in light of the recent lawsuit against the IRS over staking rewards, released by the Proof of Stake Alliance (POSA). Near the end of last year, Proof of Stake (PoS) tokens represented
BDO USA recently established an ESG Center for Excellence and named partner and executive team member Christopher Tower as the firm’s first-ever ESG strategy and services leader. The firm has identified environmental, social and governance reporting as a key component of its strategic vision for the future. Tower was tasked
If you’re just joining us, the first three parts in this series summarized the Code Section 1244 rules and explained what happens when investors sell their shares or they become worthless. Investors aren’t limited to the usual capital-loss deduction of no more than $3,000. Instead, they can claim ordinary-loss deductions
While 2020 was a difficult year for many, it was not without its bright spots. Among them was that levels of charitable giving in the United States broke records, up 5.1 percent from 2019 for an annual total of $471.44 billion. Plus, three of the four major sources of giving grew
QuickBooks Web Connector is an application developed by Microsoft to create sync between QuickBooks Desktop and web-based applications to exchange data. QuickBooks Web Connector (QBWC) supports all versions of QuickBooks, including QuickBooks Point of Sale. In certain instances, users encounter an error where the QuickBooks web connector stops working, and
As an important step towards security, passwords are the basic requirements. It is important for any business irrespective of the size to have the protection offered on its data. Now, that passwords are incorporated everywhere, it is liable to forget the passwords. With increased cyber security concerns, a number of
Being unable to send crucial business emails can ruin your day of the job, productivity, and can even entail business loss. If you are also unable to send your invoices using QuickBooks Desktop Webmail feature, then the problem is very likely related to the incorrect webmail preferences. One common error
The errors that a user encounters while downloading or installing QuickBooks, or its latest updates, are known as Installation Errors, and QuickBooks Error 1648 is one of them. This blog aims to focus on this error in detail.The most evident reason behind the issue is using a corrupted installation file
The good news for women in accounting is that 42 percent of CPAs in U.S. firms are women, so efforts focused on retention and advancement could result in meaningful change in the next few years. Business ownership in the United States is changing, and that is great news for women.