It is time to submit Form 1099-NEC forms before its official January 31 deadline. Businesses and not-for-profits must report prior year payments to relevant vendors and contractors. Form 1099-NEC is required for payments over $600 in a year to individuals or unincorporated businesses (such as sole proprietors or partnerships) for services.
Stakeholders want confidence that an organization’s cash is secure and insured. The Federal Deposit Insurance Corporation insurance coverage is $250,每位存款人000美元, 按被保险银行计算, for each ownership category. We recommend considering the following deposit account alternatives as part of your cash investment strategy.
老葡京手机app’s latest Quick Reference concerns itself with the new lease standard, which is intended to account for all lease obligations on financial statements, rather than excluding operating leases as has been the standard. This change ensures a company’s financial situation is reflected as accurately as possible within the financial statements.
Standard business insurance policies provide coverage for certain cyber incidents. 例如, if you lose electronic data due to a computer virus or hardware failure, your insurance may pay recovery or replacement costs. To extend coverage for a wider range of risks, you will need a stand-alone, customized cyber liability policy. Reach out to 老葡京手机app if we can be of assistance.
Current Expected Credit Losses (CECL) is a new accounting standard requiring a shift in accounting for credit losses from an incurred loss methodology to an expected loss methodology. 相应的, recognition of allowances for credit losses is recorded when a loss is expected as opposed to probable.
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