This article originally appeared on Business Insider. The accountant shortage is so bad that companies are delaying filing key mandatory reports. On Friday, Tupperware said it didn’t have enough accountants to get its annual report out on time. The storage container manufacturer is the latest on a growing list of
Opinions expressed by Entrepreneur contributors are their own. Whether you went into your business with open eyes or have been kicking and screaming about the parts you don’t like, expense management is essential to keeping the lights on and creditors (and the tax man) away. Failing to manage your expenses
The Financial Accounting Standards Board decided to pursue targeted improvements to its rules for accounting for and disclosing software costs, instead of a single overarching model. During a meeting Wednesday, board members and staff discussed research done by the staff and the direction of the project, which had initially set
Millions of small companies this year have a limited time to report information on their “beneficial” owners as part of efforts of the federal Corporate Transparency Act via the U.S. Treasury’s Financial Crimes Enforcement Network. As often happens with confusing new compliance mandates, affected businesses might turn to their accounting
Opinions expressed by Entrepreneur contributors are their own. Imagine not knowing about a tax advantage that could have saved your business thousands of dollars. Money that could be used to buy new equipment, set aside for tough times or reward hard-working employees? Now think about Pat, who nearly missed out
A bill backed by the Minnesota Society of CPAs that would ease the path to a CPA license has moved forward in the Minnesota Senate. The bill, known as Senate File 1660, advanced on a voice vote Thursday, moving it from the State and Local Government and Veterans Committee to
The Securities and Exchange Commission will force companies to disclose their greenhouse gas emissions for the first time, but watered down a key requirement after heavy lobbying from industry groups. After receiving thousands of comment letters and numerous litigation threats, the SEC is set to impose climate-disclosure requirements that will
The Securities and Exchange Commission will force companies to disclose their greenhouse gas emissions for the first time, but watered down a key requirement after heavy lobbying from industry groups. After receiving thousands of comment letters and numerous litigation threats, the SEC is set to impose climate-disclosure requirements that will
Advances in technology have enabled businesses of all sizes to become more competitive in their processes. Cloud computing and automation in particular have transformed the way financial teams manage their day-to-day operations, and savvy accounting practitioners are slowly shifting away from the report-to-record (R2R) model and into continuous accounting. Continuous
Advances in technology have enabled businesses of all sizes to become more competitive in their processes. Cloud computing and automation in particular have transformed the way financial teams manage their day-to-day operations, and savvy accounting practitioners are slowly shifting away from the report-to-record (R2R) model and into continuous accounting. Continuous