AI-curated news for your industry

A user named Rick asks on a forum if anyone has an FAQ template for addressing employee questions after a merger, mentioning that he had compiled one years ago but has lost it.

A user asks: How should accounting entries be prepared for the sale of a 12-month service membership? Based on revenue recognition principles, this article provides guidance on recording deferred revenue and recognizing it over time, and notes uncertainties.

A US company not registered for VAT in the UK paid VAT for services provided by UK consultants. This article analyzes whether the company is entitled to claim a refund and outlines the applicable conditions and operational points of the UK VAT refund mechanism (such as the 13th Directive).

This article discusses the market standards for finder's fees in financing rounds ranging from $1 million to $5 million, outlining current industry practices regarding fee ranges and influencing factors, and invites practitioners to share practical experiences.

A non-exempt salaried employee worked 30 hours during Thanksgiving week (which included two company holidays), plus 16 hours of holiday pay, totaling 46 recorded hours. The employee believes that hours beyond 40 should be compensated at 'straight-time' rates. This article analyzes payment obligations and common misconceptions in such scenarios based on the rules of the U.S. Fair Labor Standards Act (FLSA).

To shed the image of the 'tax capital,' New York Governor Cuomo announced the creation of tax-free zones around 64 state university campuses, where businesses are exempt from sales and property taxes, and employees are exempt from income tax, but City University of New York campuses are not participating.

A home services company with annual revenue of $6 million, planning to grow into a mid-sized enterprise by the end of this decade, is seeking suitable ERP software. This article outlines the core requirements and evaluation criteria the company proposed in the early stages of its selection process.

User Stephanie asks: When writing off an uncollectible invoice from 2018 that includes California sales tax, should the collected sales tax be treated as miscellaneous income or can it be used to offset bad debt expense? This article analyzes the compliance and potential risks of both approaches in light of California tax regulations and accounting principles, and recommends consulting a tax professional.

A nonprofit client plans to provide grants to teachers: issuing a check exceeding $600 to a "lead teacher," who opens a separate account and distributes funds to other teachers (typically each under $600). The lead teacher must report distributions and fund usage. This article explores who should receive Form 1099, who is responsible for filing, and compares differences from traditional contractor/subcontractor arrangements, while also considering special rules for nonprofit organizations.

During recent job searches, I was repeatedly asked whether I use macros in financial planning models. The author and peers believe that macros have limited value to the core of the model, and may only be helpful in certain scenarios (such as goal seeking). They also suspect that interviewers may confuse VLOOKUP, pivot tables, and macros.