For anybody in the accounting world, one thing is clear: accounting standards never stay the same. In this multi-part series, “New accounting standards you should know,” I will catch you up on the latest accounting standard updates. Previously, we examined the latest updates for business combination accounting (ASC 805). For our final article of the series, let’s talk about the end of LIBOR.

With the passing of this last tax season, many of us (likely all of us at Zeroed-In) will try to forget about taxes for the next 8 months until we have to go through year-end filings again. And to be clear, Zeroed-In is not a tax consulting firm nor do we claim to be tax experts; however, it’s worth compiling information on some of the tax relief available for businesses in 2020 and 2021 as a result of COVID-19.

The recent conflict arising from the Russian government’s invasion of Ukraine has impacted countless people – both in the affected countries and around the globe. Many countries are now evaluating the uncertain future impact on their own governments and economies as they support Ukraine in its time of need. In this article, we focus on a few key areas of potential impact for most businesses, specifically as it relates to their accounting and financial reporting, and share an easy way you can support Ukraine through this crisis.

If you are an early-stage or growing business, there is a good chance you are using a basic accounting system like QuickBooks because at that stage, accounting is relatively simple. But soon your business will grow and the need for US GAAP-compliant financial reporting requires greater time and effort for accounting to keep up. Many QuickBooks users may not be aware of the software’s growing capabilities for automation even within its most basic version – saving you the time needed for other strategic initiatives. Read on as I share a few pro tips to update your QuickBooks experience – whether you’re an employee or contractor.

If you work with a start-up or early-stage company, chances are that you have experienced “doing a lot with a little.” When initial investment is low, rationing your cash is critical. Accounting becomes a lower priority and budgets include the bare minimum to meet record-keeping requirements. Enter: QuickBooks. Thousands of businesses use and highly rate the software for its ability to perform the most essential bookkeeping functions. At just a few hundred dollars a year, it may seem like a no-brainer. But what happens further down the road?