July 23, 2026 When I first started working in accounting, whenever I encountered something I didn’t understand, I would flip through a thick rulebook, track down a senior colleague to ask questions, and if I still wasn’t satisfied, I’d stay up late mulling it over. It took a long time to figure out the answer, and it was probably an inefficient method. But looking back now, I think it was precisely “the time when answers weren’t immediately available” that helped hone my cri

July 16, 2026 As accounting standards continue to evolve, fair value measurements and management estimates have become increasingly important in financial reporting. While these principles-based standards provide greater flexibility and can better reflect economic reality, they also require significant judgment and documentation. For many companies, fair value and impairment analyses become key areas of focus during audits and financial statement reviews. Understanding the ba

July 16, 2026 On July 4, 2025, President Trump signed the One Big Beautiful Bill (OBBB) Act into law. The OBBB Act includes a number of tax changes, including permanent and limited modification of many soon-to-expire tax provisions, new provisions, elimination or modification of most green energy provisions, and dozens of other changes affecting individuals and businesses. The OBBB Act permanently repeals deductions for personal and dependency exemptions for tax years beginni