Key Technology Trends in Accounting to Watch Out For in 2020

Jan 31, 2020 | Audit

Technology advances continue to reshape industries and businesses – and the accounting industry is no exception. So far, a lot of repetitive tasks are performed with the help of advanced hardware and software. Even for businesses that do not like change, many find...

LIFO Versus FIFO and How Each Method Values Inventory

Dec 6, 2019 | Tax

As the name implies, First-In, First-Out (FIFO) is a way for companies to value their inventory. The first items put into inventory or produced by the company are accordingly the first taken out of inventory or transferred to customers and therefore expensed. When it...

Tax Changes for 2019

Nov 13, 2019 | Tax

With the start of the fourth quarter of 2019 underway, it’s time to see what the Internal Revenue Service (IRS) will expect of filers for their 2019 taxes. The following are a list of major changes that filers need to be aware of: 1. Removal of the Affordable...