by Mason Barringer, CPA, CFE | Jun 21, 2022 | Tax Watch
When considering how to account for cryptocurrency (crypto) on a company’s financial statements, the simplest conclusion might be to classify it as a cash equivalent. After all, it is “currency,” right? U.S. Generally Accepted Accounting Principles (GAAP) defines cash...
by Mason Barringer, CPA, CFE | May 10, 2022 | Hospitality & Restaurants, Tax Watch
The American Rescue Plan Act of 2021, signed into law on March 11, 2021, by President Biden, is a $1.9 trillion economic stimulus package enacted to assist with the United States’ recovery from the COVID-19 pandemic. While this Act addressed many key elements,...
