Accounting

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  • Recession hits Brazil

    CPA Letter Daily
    31 Aug 2015 | 5:51 am
    Brazil has fallen into recession after years of declining revenue from exports because of lower commodity prices.  -More- 
  • Podcast: Advising Clients on Dissolving Family Limited Partnerships and LLCs

    Financial Planning Digest
    31 Aug 2015 | 10:21 am
    In this podcast, Martin Shenkman, CPA/PFS, discusses issues, considerations and alternate options when it comes to deciding w -More- 
  • New Orleans January 2008: "He leadeth me beside still waters…"

    re: The Auditors
    Francine
    29 Aug 2015 | 5:38 am
    I went to New Orleans in January 2008 for a few weeks to work with Habitat for Humanity building new houses. Here’s a slide show of what I saw three years after Katrina in the 9th Ward New Orleans LA.  Just went down on my own and joined a random group.  There was still a lot of work to do then, and was even more after Hurricane Gustav. For a post from that trip, go here. Click here for the slide show. NOLA January 2008 A Psalm of David The Lord is my shepherd; I shall not want. He maketh me to lie down in green pastures: He leadeth me beside the still waters. He restoreth my soul: He…
  • Crisis management

    Deloitte Global headlines
    26 Aug 2015 | 3:15 am
    Board members are increasingly being pulled from their elevated vantage point into the thick of cybersecurity issues. The possibility of being held personally liable in the event of a breach is one motivator to roll up their sleeves. Learn about the different types of crisis triggers and the five things boards must ensure management is focused on to prepare for potential cyber threats.
  • 6 Deadly Reasons You Do NOT Want to Do Your Own Payroll

    Accounting News and Notes
    John Dillard
    31 Aug 2015 | 7:41 am
    6 Deadly Reasons You Do NOT Want to Do Your Own Payroll For ALL Business Owners Who are Wise Understand the NIGHTMARES that come with not using a payroll service for your payroll. As a professional licensed bean counter I am extremely qualified to do my own payroll but I would never do so for the DEADLY Reasons are Real: # 1 Deadly Reason NOT to Do Your Own Payroll. IRS Form 941 reports your federal withholding and FICA/Medicare Taxes due. Miss one or pay one even 20 minutes late and I have seen tens of thousands of tax penalties assessed. # 2 Deadly Reason NOT to Do Your Own Payroll. IRS…
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    CPA Letter Daily

  • Recession hits Brazil

    31 Aug 2015 | 5:51 am
    Brazil has fallen into recession after years of declining revenue from exports because of lower commodity prices.  -More- 
  • Which debts should you pay off first?

    31 Aug 2015 | 5:51 am
    Paying off debts is an admirable goal, but it's important to remember that some debts are more urgent than others.  -More- 
  • Register today: Where global manufacturing meets finance

    31 Aug 2015 | 5:51 am
    You have the power to shape the manufacturing industry's future.  -More- 
  • Tips to help you pay for your child's college education

    31 Aug 2015 | 5:51 am
    Regardless of your child's age, it is never too early to begin planning for the day when they will go off to college.  -More- Suder Case Has Taxpayer Favorable Implications This recent case addresses challenges commonly raised during IRS exam of the R&D Tax Credit. Learn about the favorable implications for taxpayers with online CPE at taxcreditco.com
  • The benefits of a "phased" retirement

    31 Aug 2015 | 5:51 am
    Some older workers are opting, when it's available, for a "phased" retirement, which involves scaling back their hours and ad -More- 
 
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    re: The Auditors

  • New Orleans January 2008: "He leadeth me beside still waters…"

    Francine
    29 Aug 2015 | 5:38 am
    I went to New Orleans in January 2008 for a few weeks to work with Habitat for Humanity building new houses. Here’s a slide show of what I saw three years after Katrina in the 9th Ward New Orleans LA.  Just went down on my own and joined a random group.  There was still a lot of work to do then, and was even more after Hurricane Gustav. For a post from that trip, go here. Click here for the slide show. NOLA January 2008 A Psalm of David The Lord is my shepherd; I shall not want. He maketh me to lie down in green pastures: He leadeth me beside the still waters. He restoreth my soul: He…
  • The NYDFS Case Against Promontory and the Bigger Problem of Big Four Bank Consulting

    Francine
    23 Aug 2015 | 3:45 pm
    The New York Department of Financial Services (NYDFS) says, in the investigative report on Promontory Financial Group that led to its recent sanctions against the bank consulting firm for work at Standard Chartered, that the agency “was created in 2011 to help ensure the safety and soundness of New York’s banking, insurance and financial services industries, to help ensure prudent conduct by providers of financial products and services, and to promote the reduction and elimination of unethical conduct by and with respect to banking, insurance and other financial services…
  • PCAOB’s Franzel Speaks to AAA; Are Auditors’ ICFR Opinions Just “Busy-Work”?

    Francine
    9 Aug 2015 | 9:56 am
    On Friday at MarketWatch I gave readers a little preview of a speech PCAOB member Jeanette Franzel gave at an all day COSO workshop on Saturday at the AAA Annual Meeting in Chicago. I wanted to reiterate what I read and what some of you heard and add a bit more for emphasis.  This is important analysis by the PCAOB and vitally important information for investors and those in a policy and regulatory role. You should shudder over the sheer nonsense of it all. Franzel’s  speech on Saturday at the American Accounting Association annual meeting, in part, responds to criticisms made by the…
  • SEC News at MarketWatch

    Francine
    19 Jul 2015 | 3:45 pm
    Last week was a busy one.  The Dodd-Frank anniversary party season began and everyone wants to either celebrate or take an opportunity to bash it.  On July 21 Dodd-Frank will be five years old. If I hadn’t been through the same thing with Sarbanes-Oxley now twice, I’d be more excited.  But the partisan rancor on this law is even worse.  At least with Sarbanes-Oxley it was either regulatory or anti-regulatory rhetoric and there was no real party split amongst those who didn’t and still don’t know what internal controls over financial reporting are. From the Harvard…
  • Speaking Engagements/Conferences

    Francine
    12 Jul 2015 | 5:40 am
    I’m on the road visiting universities, attending select conferences and forums and speaking to groups of all kinds. If you would like me to visit your university and your accounting/audit program, please write soon to lock in fall and winter dates. Contact me at fmckenna@mckennapartners.com to schedule a presentation at your university, conference, firm or for a private briefing. Coming Up: July 15, 2015, Speaking with Broc Romanek, editor of the CorporateCounsel.net, to the Shareholder Services Association Annual Meeting on “Leveraging Social Media.” Mayflower Hotel,…
 
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    Deloitte Global headlines

  • Crisis management

    26 Aug 2015 | 3:15 am
    Board members are increasingly being pulled from their elevated vantage point into the thick of cybersecurity issues. The possibility of being held personally liable in the event of a breach is one motivator to roll up their sleeves. Learn about the different types of crisis triggers and the five things boards must ensure management is focused on to prepare for potential cyber threats.
  • IDC MarketScape: Deloitte named a leader in global business consulting based on capabilities and strategies

    26 Aug 2015 | 3:14 am
    For the fifth consecutive year, IDC has named Deloitte Consulting member firm practices and advisory businesses globally as a leader in worldwide and regional consulting capabilities and business strategies. “Deloitte is perceived to be the best at challenging corporate culture, directly improving clients' commercial performance, maximizing the value of a project and meeting project timelines, and recommending change or innovation that produce results,” according to MarketScape for Business Consulting 2015 Vendor Analysis – Worldwide.
  • Asia Pacific Defense Outlook 2015

    26 Aug 2015 | 3:13 am
    This report examines policies, practices, and trends affecting the defense ministries of 25 Asia-Pacific countries and regions.
  • Strategy, not technology, drives digital transformation

    26 Aug 2015 | 3:08 am
    The fourth annual research study by MIT Sloan Management Review and Deloitte probes executives’ views of what drives digital transformation. The report is based on responses from 4,800 business executives across 27 industries and 129 countries, and incorporates interviews with executives and thought leaders from a number of industries.
  • Global Economic Outlook Q3 2015

    26 Aug 2015 | 3:07 am
    The Eurozone economy is on the mend, the Brazilian and Russian economies are in recession, the US economy is rebounding from a bad first quarter, and the Chinese economy is growing relatively slowly. The third-quarter Global Economic Outlook offers outlooks for the United States, Eurozone, China, Japan, Russia, United Kingdom, India, and Brazil.
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    Accounting News and Notes

  • 6 Deadly Reasons You Do NOT Want to Do Your Own Payroll

    John Dillard
    31 Aug 2015 | 7:41 am
    6 Deadly Reasons You Do NOT Want to Do Your Own Payroll For ALL Business Owners Who are Wise Understand the NIGHTMARES that come with not using a payroll service for your payroll. As a professional licensed bean counter I am extremely qualified to do my own payroll but I would never do so for the DEADLY Reasons are Real: # 1 Deadly Reason NOT to Do Your Own Payroll. IRS Form 941 reports your federal withholding and FICA/Medicare Taxes due. Miss one or pay one even 20 minutes late and I have seen tens of thousands of tax penalties assessed. # 2 Deadly Reason NOT to Do Your Own Payroll. IRS…
  • Should My Business Use a Payroll Service?

    John Dillard
    30 Aug 2015 | 6:46 am
    Should My Business Use a Payroll Service? NOTHING About Tax Law is Easy. I NEVER Recommend Anyone Use ANYONE but a Full-Time Professional Payroll Service to Do their Payroll Services and YES That Excludes EVERYONE else. The below is a sample letter we might send to a client who received tax penalties from payroll reporting failures due to not filing their payroll reports even when they had no payroll. I will be happy to help you with all of your payroll reports that you have not filed. To do so please forward to me copies of there the IRS, State of GA & GA Dept of Labor assigned your ID…
  • Mission statements are like maps

    John Dillard
    29 Aug 2015 | 6:00 am
    Mission statements are like maps. With a map you can navigate every action toward a desired incremental or ultimate goal and thus: sustainable success. Without a map, you are often guessing and taking short cuts, which usually become long cuts that lead to confusion, stagnation, and ultimately failure. Your mission statement serves as the GPS to where you are and where you need to be! —Jeff Magee, The Managerial Leadership Bible There are roughly 4 million miles of roads in the U.S. and you are looking for one address. You don’t have a GPS or an address you will “know it when you see…
  • Management today is reactive behavior. You put your hand on a hot stove and yank it off. A cat would know to do as much. —W. Edwards Deming, Management Consultant

    John Dillard
    28 Aug 2015 | 6:01 am
    Upgrade Your Tax Guidance/Preparation to a Virtual CFO & CPA Management today is reactive behavior. You put your hand on a hot stove and yank it off. A cat would know to do as much. —W. Edwards Deming, Management Consultant
  • # 3 Reason You Should ONLY Use a CPA to Prepare Your Business Taxes

    John Dillard
    28 Aug 2015 | 5:42 am
    Top 5 Reasons You Should ONLY Use a CPA to Prepare Your Business Taxes Recently I had an opportunity to meet with two new prospective clients who either did the tax returns themselves or had a tax preparer who was not a CPA (one was an Enrolled Agent) to do their taxes. For all new clients we do a face-to-face whenever possible and actually review the prior returns from compliance/accuracy/reporting. My evaluation of these returns revealed MANY more items than the items listed but these were those MORE critical. As my analysis and insight to these returns was throughout they are being…
 
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    CPA ZONE

  • Which CPA Exam Section Fits Your Personality? Take the Quiz!

    Mizweb Communities
    28 Aug 2015 | 6:50 pm
    Hmmm, I never thought of myself as a CPA exam section, but Roger CPA Review has put this notion to the test.  For your next micro study break find out which exam section most resembles your personality.   I liked the "what would you do" questions - actually got me thinking a bit and I learned a thing or two about myself along with the result...I'm AUD!  Fits in pretty well given the fact I spent several years in audit.  Glad that portion of my career lined up.  ;-) Take the quiz and let me know which CPA exam section popped up for you!
  • CPA Exam Tip: How to Study Smarter (1:46)

    Mizweb Communities
    22 May 2015 | 11:56 pm
    Master the skill of studying smarter...not harder. Your study environment, study companions, study resources and lifestyle can all be maximized to contribute to efficient studying.Tune into the video as CEO and renowned CPA Exam instructor Roger Philipp, CPA teaches you how to study smarter!
  • Bae and the CPA Exam ;-)

    Mizweb Communities
    30 Apr 2015 | 12:19 pm
    "And this is where the word "bae" originated." - CPA Exam Club member, Chandni lols
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    A Counting School - Hardcore Chartered Accountancy

  • Waiting in line makes sense, except when it doesn't

    Krupo
    30 Aug 2015 | 12:25 pm
     Picture a line for a three cashiers. There's 20 people in line.Then picture a service desk to the side. Two staff working there, and no one in line.Would it not be completely logical to ask the service desk if they can cash you out as well?That's exactly what I did. The cashier did a big rant about how it's not "equitable" for the people waiting patiently in the long line for her to serve me.OK, well, I appreciate what you then call the "special treatment" of serving me. Silently, I wonder how it's "equitable" for her employer to pay her to…
  • Google says this site isn't mobile friendly

    Krupo
    3 Apr 2015 | 7:45 am
    Given that I haven't been posting much in the past four months, the fact that the site's still running on an old platform, and I've been very lazy about properly resizing images to smaller sizes, this doesn't surprise me at all. I cheered myself up, though, by checking large corporate sites and seeing that despite having professional teams doing their development, they score just as poorly in the mobile friendly tests. And if it's any consolation to me, I see this site rendering really well on BlackBerry 10 devices, so at least the business world can access this well.
  • There are exams harder than the UFE

    Krupo
    30 Nov 2014 | 7:24 pm
    The further you get away from the UFE, the less you think about the gruelling sequence of exams taken to become a Chartered Accountant. Hearing about other tough exams is definitely a memory trigger that can  bring back that experience. To become a London cabbie you have to pass “The Knowledge” which is arguably even harder than the UFE.The NY Times has a great read the Challenge. So glad I’m not planning a career change!
  • Misleading marketing leads to tears

    Krupo
    1 Nov 2014 | 9:23 pm
    I'm amused by junk mail sometimes. Especially when it comes from large reputable companies that don't know who I am, so they have to address their mail to "Resident."Oh yes, what is it you're offering me? A service for $50 per month, subject to 9 pieces of fine print? Well let's read those!To my amusement, there's actually 12 pieces of fine print, and they don't line up at all with the 9 on the big piece of marketing collateral. I'm not interested in actually buying the product, but like a good auditor, I've tried to tie to their "supporting…
  • Metrolinx: read their audit report and weep

    Krupo
    15 Oct 2014 | 6:43 pm
    Ontario's auditor general reviewed the provincial transit agency, Metrolinx, and their audit report's been around for a while. Here's a link to the PDF. It's a depressing read. I've heard many of the facts from the report in the media, which is no surprise given the report came out almost two years ago, Two of the most glaring red flags surround the airport express train, The UP Express (I guess PU Express doesn't sound much better), and the Presto fare card - not to be confused with a streaming movie service. For Presto, the people of Ontario have spent over $700…
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    NJCPA Exam Cram Blog

  • Was That The Last One?

    Jeremy Kaye
    1 Sep 2015 | 5:48 am
    Yesterday I sat for the BEC section of the exam. I have passed the other three parts. I felt like the multiple choice was a little harder than I had anticipated; however, the testlets got progressively harder, which I take...
  • WAHOOOOOO!

    Jeremy Kaye
    25 Aug 2015 | 8:37 am
    I can not even describe the incredible feeling of finding out that my hard work has paid off and I was successful on REG. Last night at 1AM I found out that was the case. I have now passed FAR...
  • REG Down, BEC Friday!

    Alexa DellCioppia
    25 Aug 2015 | 8:06 am
    This morning I got the best news, I passed REG! I am so happy it is unreal. I'm so appreciative of all the support I've gotten along the way and every success, I believe, is another reason to thank God....
  • The Anxious Wait Begins Again

    Jeremy Kaye
    24 Aug 2015 | 8:47 am
    For those who don't know, scores will be posted at 1AM eastern time tonight if the AICPA received your test data from Prometric by August 14th. Below is a countdown clock that NASBA so kindly provides. I'm beginning to see...
  • Support System

    Michelle M. Aurich
    20 Aug 2015 | 8:47 am
    Having a great support system can really make a difference. Here are a few things that really helped me use my support system to its fullest potential. Don’t Fall for the Guilt Trip I remember when I was first studying...
 
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    AccountingCoach

  • What is comprehensive income?

    AccountingCoach.com
    26 Aug 2015 | 5:43 am
    Comprehensive income for a corporation is the combination of the following amounts which occurred during a specified period of time such as a year, quarter, month, etc.: Net income or net loss (which is reported on the income statement), plus Other comprehensive income (if this is present, a statement of comprehensive income must be prepared) Examples of other comprehensive income include: Unrealized gains/losses on available-for-sale investments Unrealized gains/losses on hedge/derivative financial instruments Foreign currency translation adjustments Unrealized gains/losses on postretirement…
  • What are capital expenditures?

    AccountingCoach.com
    21 Aug 2015 | 6:18 am
    Capital expenditures or capex are the amounts spent for tangible assets that will be used for more than one year in the operations of a business. Capital expenditures can be thought of as the amounts spent to acquire or improve a company’s fixed assets. Some examples include the purchase of machinery, equipment, furniture, building improvements, computer information systems, and leasehold improvements. The amount of capital expenditures for an accounting period is reported in the cash flow statement. The amount is an outflow of cash and is listed in the investing activities section of…
  • What is DCF?

    AccountingCoach.com
    19 Aug 2015 | 12:55 pm
    In accounting, DCF refers to discounted cash flows or to the discounted cash flow techniques such as net present value or internal rate of return. DCF is a preferred method for evaluating capital expenditures (and other investments) because DCF recognizes the time value of money. In other words, it recognizes that receiving $10,000 of cash today is more valuable than receiving $10,000 of cash in the future. Similarly, $10,000 cash receipt in Year 10 is less valuable than a $10,000 cash receipt in Year 7. The recognition of the time value of money occurs by discounting the related future cash…
  • What is opportunity cost?

    AccountingCoach.com
    13 Aug 2015 | 9:35 am
    Opportunity cost is the profit that was lost because of some action. To illustrate opportunity cost, let’s assume that you want to add a website to your already successful business. You are confident that it will increase your company’s profit by $1,500 each week. A highly-trusted and successful firm will complete the website in 3 weeks at a cost of $10,000. Your friend has offered to do the work for $6,500 and expects it will take 5 weeks. If you select your friend, there will be an opportunity cost of $3,000 since you will lose the opportunity to earn $1,500 per week for 2 weeks…
  • What is the operating cycle?

    AccountingCoach.com
    11 Aug 2015 | 6:04 am
    The operating cycle is also known as the cash conversion cycle. In the context of a manufacturer the operating cycle has been described as the amount of time that it takes for a manufacturer’s cash to be converted into products plus the time it takes for those products to be sold and turned back into cash. In other words, the manufacturer’s operating cycle involves: paying for the raw materials needed in its products paying for the labor and overhead costs needed to convert the raw materials into products holding the finished products in inventory until they are sold waiting for…
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    CPA Success

  • Don’t panic: How I learned to stop worrying and love the stock market

    26 Aug 2015 | 5:00 am
    Wall Street is hypnotic these days, isn’t it? It’s up, then it’s down, then it’s WAY down, then it’s up, then it’s down, then it’s way, WAY down. Over the past five days, the Dow Jones Industrial Average has lost 163 points, 358 points, 531 points, 588 points, and 205 points. Dizzying, isn’t it? It’s enough to drive someone insane. So quit watching. Seriously. If you’ve got cash in the stock market, quit paying attention. This isn’t the end of the world. In fact, if you keep pumping cash into your accounts, this chaos could end…
  • New learning system teaches CPAs how to anticipate future trends

    15 Aug 2015 | 6:00 am
    The most important competency in the business world today – the ability to anticipate future trends and position our organizations to take advantage of them – is a mystery to most of the accounting and finance profession. Daniel Burrus, the Maryland Association of CPAs, and the Business Learning Institute want to change that. Burrus, a world-renowned technology forecaster, innovation expert and New York Times best-selling author, has joined forces with the MACPA and the BLI to launch “The Anticipatory Organization™: Accounting and Finance Edition,” a…
  • Demand for accounting graduates hits all-time high

    12 Aug 2015 | 3:25 am
    The AICPA just released its  2015 trends in the Trends in the Supply of Accounting Graduates and Demand for Public Accounting Recruits report, which indicates a 7 percent increase in demand for accounting jobs and record enrollments in undergraduate and graduate accounting programs of 250,000 students for the first time. “The data in the Trends report is very positive overall, and the outlook for accounting students entering the profession is bright,” said AICPA president and CEO Barry Melancon in a statement. “At that same time, we’ve continued to…
  • Sage helps transform CPAs one by one

    9 Jul 2015 | 7:35 am
    This past weekend we finished up the spring Sage Vision to Strategy Workshops with our session at the MACPA Beach Retreat in Ocean City, Maryland. We were joined by Ed Kless, Sage's Senior Director, Partner Development and Strategy (pictured kneeling in center). Ed is also one of our favorite thought leaders and author of a new book, The Soul of Enterprise, Dialogues on Business in the Knowledge Economy. The Vision to Strategy Workshop (sponsored by Sage) and Ed's session clearly made an impact on one of our members who is a CFO in a non-profit who took time to wite this to me, "Many, many…
  • Speaking in public? Make it memorable. Here's how.

    6 Jul 2015 | 4:00 am
    As you walk to the podium, your heart starts to beat faster. You have thought long and hard about what you want to say, and now it’s time to share your ideas to your audience. You look into the audience’s eyes, and your mind goes blank. You start sweating, you see that the presentation slide on the screen was just the draft version, and you realize your shoes don’t even match your outfit. You then look at the clock: It’s only 3:12 a.m., and you’ve only been dreaming of the presentation you’re going to give to your clients. I still remember the first time I…
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    CPA Trendlines

  • Thinking Technology? Then Think Beyond Average

    CPA Trendlines
    1 Sep 2015 | 2:22 am
    'Average is where the best of the worst meets the worst of the best.' By Jim Boomer The Accounting Firm Operations and Technology Survey The Accounting Firm Operations and Technology Survey provides some great insights on where firms stack up in both practice management … Continued The post Thinking Technology? Then Think Beyond Average appeared first on CPA Trendlines.
  • Re-Learning the Lingo of the Accounting Business

    Hitendra Patil
    31 Aug 2015 | 10:08 am
    New tech solutions require new thinking. By Hitendra Patil Pransform Inc. It's tough enough to keep up with the new technical developments in taxes and accounting, but practitioners are also grappling with a whole new vocabulary in technology. If you're not speaking the new … Continued The post Re-Learning the Lingo of the Accounting Business appeared first on CPA Trendlines.
  • The Wild World of Weed, Where Tax Season Never Ends

    CPA Trendlines
    31 Aug 2015 | 6:08 am
    See More Cannabiz CPAs... The post The Wild World of Weed, Where Tax Season Never Ends appeared first on CPA Trendlines.
  • When Partners Stop Growing

    Ed Mendlowitz
    31 Aug 2015 | 2:00 am
    BONUS CHECKLIST: Nine things needed for firm growth. By Ed Mendlowitz The CPA Trendlines Practice Doctor QUESTION: I am the managing partner and run a tight ship, however, some of my partners do not appear to be growing and on … Continued The post When Partners Stop Growing appeared first on CPA Trendlines.
  • New Pocket-Sized Projector for the CPA Road Warrior

    Rick Richardson
    30 Aug 2015 | 3:59 pm
    By Rick Richardson Technology This Week If you’re a road warrior and need extreme portability for your presentations, look no further. The UO Smart Beam Laser is now shipping for under $400 and looks to be my next purchase for travel. … Continued The post New Pocket-Sized Projector for the CPA Road Warrior appeared first on CPA Trendlines.
 
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    Big4.com Blog

  • Accenture’s 2014 Corporate Citizenship Report Q&A

    31 Aug 2015 | 12:16 pm
    By Rob Starr, Big4.com Content Manager Accenture recently released its 2014 Corporate Citizenship Report, “Making a Measurable Difference,” which announces a series of 2020 goals and highlights the company’s efforts to collaborate with others to improve the way the world works and lives.  Below are a sampling of answers the company provided highlighting the takeaways from the “Making a Measurable Difference,” report.   What’s the quick background of Accenture’s Skil...Keep on reading: Accenture’s 2014 Corporate Citizenship Report Q&A
  • WEISERMAZARS LLP ADDS PARTNER GREGORY BLACK

    31 Aug 2015 | 10:58 am
    By Rob Starr, Big4.com Content Manager WeiserMazars LLP recently announced that as of August 10, Gregory K. Black had joined as a Partner in the Tax Practice. As a CPA and estate planning attorney with 15 years experience, Black brings a wealth of knowledge from past positions as a Director in the Private Wealth Services Group of Grant Thornton and a Staff Attorney in the Stroock & Stroock & Lavan Private Client Group. Located in the New York office, Black will substantially enhance ...Keep on reading: WEISERMAZARS LLP ADDS PARTNER GREGORY BLACK
  • Taking Those Retired Brains Back Off The Shelf

    29 Aug 2015 | 4:02 pm
    By Rob Starr, Big4.com Content Manager RetiredBrains.com has found its place among those respected denizens of cyberspace at least partially because its subject base as a job and information resource for boomers, retirees and people planning their retirement cuts a wide swath through the aging population. However, the real force behind the website that has not only survived but thrived since 2003 is the founder, Art Koff, who runs the company from his Chicago office. He’s worked with PwC...Keep on reading: Taking Those Retired Brains Back Off The Shelf
  • KPMG Reports U.S. VC Funding On Track To Break $70 Billion

    25 Aug 2015 | 3:34 pm
    By Rob Starr, Big4.com Content Manager According to Venture Pulse Q2 ’15, the first in a global quarterly VC report series from KPMG International and CB Insights, a VC-data company, the U.S. is on track to smash the previous 2014 record and break $70B in Venture Capital (VC) spending by the end of 2015. Internet companies have dominated VC-backed deals, and, in Q2 ’15, they lead all other sectors with 45 percent of the share. Brian Hughes, National Co-Lead Partner, KPMG LLP’s Ventur...Keep on reading: KPMG Reports U.S. VC Funding On Track To Break $70 Billion
  • McLovin, Marilyn, Traction and Momentum

    24 Aug 2015 | 5:54 pm
    How To Get What You Want From An Interview By Rob Starr, Big4.com Content Manager It’s not everyday you meet someone who often strolls past the house where Marilyn Monroe’s body was found and had a pivotal scene from the cult classic movie Superbad filmed in his bedroom, but it doesn’t take long to figure out you’re speaking with an original in the business world and why Warren Bennis, past Chairman of The Leadership Institute at USC, called Mark Goulston an “articulate intuitive...Keep on reading: McLovin, Marilyn, Traction and Momentum
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    Jr Deputy Accountant

  • So, Just One Dude at the Federal Reserve Board Was Looking for Tail on Ashley Madison

    Jr Deputy Accountant
    25 Aug 2015 | 4:35 pm
    Surely you've heard of the Ashley Madison hack, I don't need to catch you up.When I stumbled across the dump of .gov addresses registered on the site, I naturally did a quick search for a few favorite agencies. The IRS appears more than once, as does the Treasury, but the one I was really interested in was the Federal Reserve Board. Not to be confused with Federal Reserve banks, which don't appear in .gov dumps as they are .org because there's this really complicated, quasi-governmental thing going on that we don't need to get into here.Only one frb.gov address appears in the Ashley Madison…
  • IMF Tells the Fed to Hold Off on The Interest Rate Hike That Was Never Going to Happen

    Jr Deputy Accountant
    7 Jul 2015 | 9:43 am
    Just in case the economic masterminds over at the Fed needed another reason to continue dragging their heels on an interest rate hike, the far more insidious economic masterminds at the IMF have kindly requested the Fed hold off just a little longer.MarketWatch:Hiking interest rates too soon could stall the U.S. economy, the International Monetary Fund said Tuesday, embellishing a prior call for the Federal Reserve to hold steady until early next year.The Fed should wait to move until it sees “clear signs of wage and price inflation,” the IMF said, which is “benign” at the moment. The…
  • Has Anyone Seen the FDIC's Chief Information Officer? He's Missing

    Jr Deputy Accountant
    3 Jul 2015 | 2:58 pm
    Last month, the FDIC put Chief Information Officer Barry West -- who only took the position in November of the year previous -- on leave. As it turns out, he's still MIA.The Business of Federal Technology (FCW) reports:Nearly a month after FCW reported that Barry West was not in the office on June 4, the Federal Deposit Insurance Corporation’s CIO was still missing from duty. FDIC spokeswoman Barbara Hagenbaugh confirmed that West had not returned to work as of July 1, and it remains unclear exactly when and why he first went on leave. Multiple sources in government and industry have told…
  • TSA Spokesperson Tweets Passenger's Totally Legal Cash-Filled Bag Because Reasons

    Jr Deputy Accountant
    2 Jul 2015 | 4:43 pm
    When traveling within the domestic United States, I expect my stuff to get rifled through by the TSA. I am prepared for a young TSO to pull out my adult novelties and whip them in the air asking "what is this?!" and I'm prepared for additional screening when below the neck piercings set off certain "what exactly is that you're packing ma'am" alarms.What I don't expect is for a TSA spokesperson -- whose salary is paid by the very people she so easily mocks via tweet -- to put my shit all over blast on Twitter.Her bio reads "TSA Public Affairs spokesperson Lisa Farbstein shares transportation…
  • Whoever Wrote This Bloomberg Headline Is Confused on What "Minority" Means

    Jr Deputy Accountant
    28 Jun 2015 | 5:22 pm
    LOLSo what you're saying is, the minority is now the majority, right? Therefore your headline is shit. Just say "non-white" if that's what you want to say, FFS.
 
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    One Accounting

  • New rent-a-room relief changes 2015

    Chris Thomas
    14 Aug 2015 | 12:45 am
    In the Summer Budget 2015, the government announced that the level of rent-a-room relief will be increased from the current level of £4,250 to £7,500 from April 2016. This means that from 6 April 2016, an individual will be able to receive up to £7,500 tax-free income from renting out a room or rooms in their only or main residential property. The relief also covers bed and breakfast receipts as long as the rooms are in the landlord’s main residence. To qualify under the rent-a-room scheme, the accommodation has to be furnished and a lodger can occupy a single room or an entire floor…
  • Tax-free Childcare

    Chris Thomas
    7 Aug 2015 | 1:52 am
    Tax-free childcare is part of the government’s long-term plan to support working families and will provide up to 1.8m families across the UK with up to £2,000 of childcare support per year, per child, via a new online system. It was originally planned that the scheme would launch in Autumn 2015, but, as a result of a direct legal challenge from a small group of childcare voucher providers, development of the scheme was suspended. However, the Supreme Court has recently ruled that government proposals for delivering tax-free childcare are lawful, which means that the scheme can go ahead…
  • Coming Soon – The Scottish Rate of Income Tax

    Chris Thomas
    29 Jul 2015 | 7:15 am
    From 6 April 2016, the income tax rates set by the UK government that apply to the ‘rest of the UK’ (rUK) will be reduced by 10p in the pound for Scottish taxpayers, and increased by the Scottish Rate of Income Tax (SRIT). The Scottish government will announce the SRIT by the end of November 2015. As yet, we have no indication if this will be higher, lower, or the same as the rUK rates. However, the tax bandings for the basic, higher and additional rates of tax will be the same for Scotland and the rUK for the 2016/17 tax year. What is a Scottish Taxpayer? A Scottish taxpayer is a person…
  • Bad News For Landlords!

    Chris Thomas
    20 Jul 2015 | 7:14 am
    Last weeks summer Budget brought some bad news for private landlords which could significantly increase their tax bills. We have read through the small print of the budget documents to learn more about the impact of the new rules. You can find out more about the changes, and pick up some tax tips to soften the blow by watching the 5 minute video here. One Accounting will always keep you up to date with the latest financial news and tax changes. Subscribe to our YouTube channel in order to be ahead of the Taxman.
  • Summer Budget July 2015 Summary

    Chris Thomas
    14 Jul 2015 | 6:37 am
    Chancellor George Osborne has delivered the first Budget by a wholly Conservative government in almost 20 years. The March 2015 Budget provided some clues as to possible new measures and of course, the Conservative election manifesto contained a wide range of commitments to be introduced during the course of the current parliament. The Chancellor said that this is a Budget for working families in a ‘one-nation society’. In ‘a big Budget for a country with big ambitions’, he focused on how the government will continue with its deficit-reduction plans, whilst giving the…
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    Barnes Roffe LLP 

  • TT227 Patent Box Regime – rules changing 30 June 2016 so act now!

    admin
    1 Sep 2015 | 2:47 am
    Many of you will now be aware of the Patent Box Regime (“PBR”), which has been with us for over two years. The PBR allows companies which own patents, or certain other medicinal or botanic innovation rights, to elect for the profits relating to those patents or rights to arise within a ‘Patent Box’. A proportion of the profits will then effectively suffer a reduced rate of corporation tax of just 10%! When you consider […]The post TT227 Patent Box Regime – rules changing 30 June 2016 so act now! appeared first on Barnes Roffe LLP .
  • Post Summer Budget tax planning update

    Jasmine Worth
    28 Aug 2015 | 1:57 am
    The recent Summer Budget was the first Tory Budget for some 18 years, and contained a number of significant measures for businesses and business owners. The seminar will cover all the important aspects of the Summer Budget. Our aim will be to highlight the significant tax planning opportunities available to businesses and business owners. Topics to be covered will include: Proposed new rules on the taxation of dividends Proposed property tax law changes Proposed new […]The post Post Summer Budget tax planning update appeared first on Barnes Roffe LLP .
  • Self Employed Status

    Ben Bradley
    26 Aug 2015 | 2:25 am
    Everywhere I go these days I seem to meet people who work for themselves, rather than picking up a pay slip at the end of each week. As such it is no surprise that clients are always asking us questions about employments status, so I thought I would investigate a bit further. The number of workers categorised as self-employed has risen to its highest in 40 years, according to the Office for National Statistics report […]The post Self Employed Status appeared first on Barnes Roffe LLP .
  • TT226 Annual Tax On Enveloped Dwellings

    admin
    21 Aug 2015 | 7:25 am
    If you: own a residential property in a company or a partnership with a corporate member and; the property is worth more than £500k; are planning on buying a residential property in the future Read on! As you may know, the Finance Act 2013 introduced detailed provisions to deter what was perceived as avoidance activity through the use of corporate structures to hold high value residential property. The measures involved the charging of a special […]The post TT226 Annual Tax On Enveloped Dwellings appeared first on Barnes Roffe LLP .
  • Budgeting & Cash flows

    Julie Drysdale
    4 Aug 2015 | 7:56 am
    Given the current economic climate and the issues faced on a daily basis by UK SMES it is important that businesses plan ahead. The adoption of a budget and the translation of this in to a cash flow forecast is a key part of any business planning. This seminar will explore and explain: The how and the why of a budget. The monitoring of budgets v actual performance. Defining the assumptions to produce a cash […]The post Budgeting & Cash flows appeared first on Barnes Roffe LLP .
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    AICPA Insights

  • How Our Partnership with CIMA Challenged My Thinking and Changed My Perspective

    Arleen Thomas, CPA, CGMA
    28 Aug 2015 | 4:00 am
    In 2012, the AICPA partnered with the Chartered Institute of Management Accountants (CIMA) to develop the Chartered Global Management Accountant designation. Since launch, more than 150,000 individuals have obtained the designation, making it the most popular management accounting designation worldwide and setting the new standard for global recognition of management accounting. The joint venture between the AICPA and CIMA provides our organizations, respective leadership teams and employees with a unique opportunity to learn and grow, develop and nurture relationships with interesting and…
  • Back-to-School: How to Pay for College

    AICPA Communications
    27 Aug 2015 | 4:00 am
    Sleepless nights are an unfortunate reality when you become a parent. And nothing can get parents tossing and turning like thinking about how they will pay for their son or daughter’s college. For the very financially minded, this worry may arise as soon as you find out you’re expecting. Others may not start to worry until much later. No matter your child’s age, the staggering cost of college is likely to become a concern at some point. Consider this: a four-year education at a private college is on track to cost $323,900 by 2033. Might as well give up now, right? Wrong. You can build…
  • 5 Misconceptions Small Business Clients Have about Risk

    Susan S. Coffey, CPA, CGMA
    25 Aug 2015 | 4:00 am
    When small business owners want or need to address risk, they often turn to their CPA as a trusted adviser for guidance. Risk is a significant issue for companies of all sizes; in a recent CGMA report, “Global State of Enterprise Risk Oversight, 2nd Edition,” the AICPA and its partner, the Chartered Institute of Management Accountants, examine the challenges facing large and small companies and consider how investment in enterprise risk management can strengthen an organization’s resiliency and agility.  When organizations, particularly small ones, search for ways to…
  • 3 Late Night Comedy Trends that Mirror the CPA Profession

    Mark Koziel, CPA, CGMA
    21 Aug 2015 | 4:00 am
    Two weeks ago, Jon Stewart, host of Comedy Central’s The Daily Show, tearfully stepped out of the studio after 16 laughter-filled years, passing the baton to relatively unknown South African comedian Trevor Noah. Like many Boomer-aged CPAs across the country, late night hosts have been stepping away from their microphones and focusing attention on the next phase of their careers. Not long ago, Jay Leno handed the reins of the Tonight Show over to the lovable Jimmy Fallon. More recently, Late Night’s David Letterman named his successor—the already-established Stephen Colbert of the…
  • Planning a Fundraising Event? 5 Steps to Avoid Pitfalls

    Guest Blogger
    19 Aug 2015 | 4:00 am
    In the summertime, many of us who work with not-for-profits and their philanthropy efforts are gearing up for our fall fundraisers. Thanksgiving and holiday giving season is an ideal time to hold special events to raise money and recruit supporters for our causes, but the planning starts now. Before joining the AICPA, I worked at a community foundation that carried out a variety of events, including golf tournaments, festivals and charity balls, across my home state of North Carolina. Our most successful event attracted hundreds of people for beachfront food and wine tastings and cooking…
 
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    OSYB Number Crunch! Bookkeeping Tips from Outsouce Your Books.

  • How to Estimate How Much You Need to Start Your Business

    OSYB Staff
    29 Aug 2015 | 10:00 pm
    Putting too much capital in the company at the start is almost a guaranteed waste. I have always said that “too much money will make you stupid.” Every small business owner needs to be frugal, but not cheap. They need to make investments in growing their company but not waste money. 
  • 8 Tips for Raising Prices Without Losing Customers

    OSYB Staff
    29 Aug 2015 | 10:00 pm
    “Nothing can be said to be certain, except death and taxes.” Well, you can add another certainty to that short list: prices will always go up. Business owners know it, but luckily most consumers expect it as well. So you shouldn’t worry too much about losing customers if you raise your prices. 
  • 10 Money Lies Clients Tell You

    OSYB Staff
    28 Aug 2015 | 10:00 pm
    Clients lie a lot. This does not make them bad people or even bad customers. But clients fabricate the truth about what their company really needs, and will change how they act to meet those needs. Small business owners must know how to respond to them in order to run a profitable company.
  • How to Bring More Cash Into Your Business Right Now

    OSYB Staff
    28 Aug 2015 | 10:00 pm
    Cash is the gasoline that makes every business engine run. In financial terms, cash flow is defined as cash receipts minus cash payments received over a given period of time. It’s the flow of money in and out of the business that essentially determines the business’ health. Remember that sales are vanity and cash flow is sanity.
  • 7 Ways to Boost Your Small Business’ Sales on a Tight Budget

    OSYB Staff
    28 Aug 2015 | 5:00 pm
    The strategies above will take time and commitment from you and your sales team to really take off, whether over the phone, in person or via social media. However, by continuing to make connections with current and potential clients, you have the best chance of increasing your sales and demonstrating your value.
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    Presti & Naegele

  • August 2015 Newsletter

    Steve Grgas
    12 Aug 2015 | 1:38 pm
    Joseph Romano’s review: FAQ: Can an S corporation own an interest in another business entity? Wayne Naegele discusses: Tax extenders take first steps to passage before Congress breaks for August recess. The post August 2015 Newsletter appeared first on Presti & Naegele.
  • August 2015 tax compliance calendar

    Andrew Presti
    12 Aug 2015 | 12:58 pm
    August 2015 tax compliance calendar As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of August 2015. August 5 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates July 29-31. August 7 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates Aug. 1-4. August 10 Employees who work for tips. Employees who received $20 or more in tips during July…
  • How do I? Compute withholding using the part-year employment method

    Steve Grgas
    12 Aug 2015 | 12:57 pm
    How do I? Compute withholding using the part-year employment method Employers generally withhold from wages by way of the wage-bracket or percentage method (Code Sec. 3402(b) and Code Sec. 3402(c)). However, an employee may request that the amount of tax withheld by the employer from the employee’s wages be computed on the basis of the part-year employment method (Reg. §31.3402(h)(4)-1(c)(1)). Under this method, an individual who is employed no more than 245 days in the aggregate during a calendar year may request that the employer withhold on the basis of the part-year employment…
  • Lawmakers hear from small businesses about tax complexity, compliance

    Steve Grgas
    12 Aug 2015 | 12:57 pm
    Lawmakers hear from small businesses about tax complexity, compliance Small business tax reform was the topic of two Congressional hearings in July. House and Senate lawmakers heard from small business owners and leaders in the tax and accounting area about concerns over tax complexity, compliance, and penalties. After the hearings, the chair of the Senate Small Business Committee said that he is moving forward with a small business tax compliance reform bill. Complexity and compliance The owner of a small manufacturing business told the Senate Small Business Committee that “small…
  • Preliminary filing season stats show successes and challenges for IRS

    Steve Grgas
    12 Aug 2015 | 12:56 pm
    Preliminary filing season stats show successes and challenges for IRS Preliminary information from the 2015 filing season shows a mixed bag of success and failures for the IRS. The IRS successfully processed returns and issued refunds, taking into account new requirements under the Affordable Care Act. At the same time, taxpayers experienced significant difficulties in contacting the IRS and tax-related identity theft increased compared to last year. Returns and refunds So far this year, the IRS has processed 126 million individual tax returns, compared with 125.6 million last year. The IRS…
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    It's Taxing - Bond Beebe

  • New Highway Act Changes Filing Deadlines for Certain Business Tax Returns

    12 Aug 2015 | 9:51 am
    President Obama signed into law the “Surface Transportation and Veterans Health Care Choice Improvement Act at the end of July. The Act implements due date changes for business tax returns beginning with 2016 tax returns. Currently, partnership tax returns are due April 15 (or 3 ½ months after year-end). Under the new rules partnerships will be required to file by March 15 (or 2 ½ months after the close of its tax year). This is the same due date already in place for S Corporations. A six-month extension will be available. The new deadline will apply to returns to taxable years
  • No More Estate Closing Letters Unless Requested

    10 Aug 2015 | 9:58 am
    As an executor/personal representative, you are responsible for carrying out the terms of the decedent’s will or Trust, which includes ensuring all debts are paid and each beneficiary receives his or her designated property from the estate. The estate administration process may include estate tax filings with the IRS and state jurisdictions, probate court filings, in addition to the funeral proceedings and wrapping up any outstanding personal matters of the decedent. Often times this is not a quick process despite adequate and appropriate estate planning. When an estate is subject to tax at…
  • Is Your Trust Subject to State Income Taxes?

    10 Aug 2015 | 9:15 am
    There are four (4) main questions to determine whether the Trust is subject to state income taxes as a resident trust. Was the grantor domiciled within the state at the time of creation? Where does the trust document or agreement indicate the trust is to be governed? What state does the trustee(s) reside? What state does the beneficiary(s) reside? A Trust may be considered a non-resident trust. Generally, if a Trust is not considered a resident trust, then it is a non-resident trust which is subject to income tax to the extent the Trust generates state sourced income from an activity earning…
  • OPM Data Breach Victims vs. Tax-Related Identify Theft: What to do?

    10 Aug 2015 | 9:04 am
    Unfortunately, it is not uncommon to read a headline on a routine basis highlighting a private data hack (see OPM, Target, Home Depot, IRS, etc.) impacting thousands, if not millions of individuals, with each instance. More and more personal and financial data is stored electronically and this identity theft epidemic is only growing. Perhaps this is an unintended consequence to the speed and accessibility of your digital record-keeping. Although words can barely express the sense of loss when your personal and financial information is compromised or stolen. It is a frustrating experience…
  • Amended Maryland Tax Return for Wynne Decision- What and When to File

    7 Aug 2015 | 8:25 am
    As mentioned in our previous post, the Supreme Court recently ruled that Maryland’s tax law for income earned outside of the state is unconstitutional. Each year, Maryland residents pay a Maryland state income tax and a local income tax based on the county in which they reside. Prior to this decision, Maryland residents who earned income from states outside of Maryland were only allowed to claim a tax credit against the Maryland state tax. With the Supreme Court ruling, Maryland residents who pay taxes to other states for income earned from outside of Maryland will now be able to
 
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    Energized Accounting

  • How and When to Offer Praise to Your Team to…

    Bill Kennedy
    28 Aug 2015 | 4:12 am
    How to Praise Your Team to Make the Most Impact – if it’s from the heart, you can’t say thank you too often How and When to Offer Praise to Your Team to… If you’re stingy with praise – or too effusive – it can derail your team’s productivity and engagement. There is an art to offering words of praise, and every leader needs to learn it. There has been a lot written … Read » accountantvip The post How and When to Offer Praise to Your Team to… appeared first on Energized Accounting.
  • 2015 Review of QuickBooks Online | CPA Practice…

    Bill Kennedy
    14 Jul 2015 | 9:02 am
    2015 Review of @QuickBooks Online by CPA Practice Advisor #Accounting 2015 Review of QuickBooks Online | CPA Practice… QuickBooks Online is a good fit for those looking for a solid financial product that is one step above basic micro-business accounting solutions, yet not filled with a lot of unnecessary features. QuickBooks Online is also easily scaled up to the more…Read More accountantvip The post 2015 Review of QuickBooks Online | CPA Practice… appeared first on Energized Accounting.
  • Building Client Loyalty in the “Age of Disruption”

    Bill Kennedy
    14 Jul 2015 | 9:01 am
    Building Client Loyalty in the “Age of Disruption” Even #accounting gets disrupted! Building Client Loyalty in the “Age of Disruption” For years now, we’ve been talking about how our profession is poised on the brink of massive changes, driven primarily by the explosive growth of digital technology. We have successfully … [Read More…] accountantvip The post Building Client Loyalty in the “Age of Disruption” appeared first on Energized Accounting.
  • Cloud Accounting: Helping To Save The…

    Bill Kennedy
    12 Jul 2015 | 9:12 am
    Cloud #Accounting: Save The Environment One File At A Time #Paperless #Office Cloud Accounting: Helping To Save The… Every journey begins with one step. While trying to eliminate your carbon footprint is a lofty if not impossible goal there are small things every individual can do to improve the world we live in and leave a sustainable planet for our children.Environmental benefits of cloud computing While cloud computing may not seem all that eco-friendly at first glance, a closer look reveals a number of benefits. A six-month study conducted by Lawrence Berkeley National Laboratory…
  • Dan Wernikoff on the Uniqueness of Small…

    Bill Kennedy
    9 Jul 2015 | 12:01 pm
    Dan Wernikoff: Small Businesses are Unique | THE METHOD BLOG @MethodCRM @QuickbooksCA Dan Wernikoff on the Uniqueness of Small… Dan Wernikoff, Intuit’s GM of the Small Business Group, speaks to the changing face of the QuickBooks customer base. Every small business is unique and with integrated and extensible software like QuickBooks and Method, they can have a solution that’s just right for them. accountantvip The post Dan Wernikoff on the Uniqueness of Small… appeared first on Energized Accounting.
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    The Accountancy Partnership

  • Small Businesses Warned To Watch Out For Fake Invoices

    kbilby
    1 Sep 2015 | 1:30 am
    Fraud prevention experts Cifas and Action Fraud have warned small businesses to watch out for fake invoices after noticing that reported invoice scams have ‘rocketed’ in the first half of this year. Fake suppliers Action Fraud said that they had received reports of 749 businesses falling prey to invoice scams between January and June 2015, in comparison to 603 in the whole of 2014 and 739 total reports in 2013 – and with many scams going unreported, the figure may be higher. Businesses are unlikely to have fared better over the summer season, when scammers are known to take advantage of…
  • Here’s why taking time out is just as important as working hard

    kbilby
    28 Aug 2015 | 1:26 am
    A new research project has revealed that entrepreneurs across Britain are working seven-day weeks and failing to take any holiday leave at all. This hardcore way of working is not only damaging for physical health and mental wellbeing, it is also likely to end up being detrimental to the success of the business in the long run. This is why we’ve here to tell you why it’s essential that you take time out every now and then to rest, recuperate and just generally refresh your system. Payment processing company Worldpay carried out the research in a bid to find an answer to the question:…
  • How an online accountant can increase your productivity

    kbilby
    25 Aug 2015 | 1:01 am
    The marketplace is getting busier by the minute, which means competition is increasingly tougher and as we all know, time waits for no man so it’s time you whipped your productivity into shape. One way you can start making improvements is by enlisting the expertise of a great online accountant and we’re here to tell you why, from time management to profit. Okay, we might be a little biased as we believe our own online accountancy service is pretty nifty but we’re sure our growing client base would agree. However if our low-cost monthly fees and deceptively simply bookkeeping software…
  • (Final) Five Reasons for Small Business Failure

    kbilby
    24 Aug 2015 | 1:15 am
    If you’ve read (First) Five Reasons for Small Business Failure and (Next) Five Reasons for Small Business Failure, I hope you’re not too downhearted about the prospects for your small business. Okay, you now know there are fifteen reasons – at least! – that small businesses fail. But remember: ‘Forewarned is forearmed.’ By knowing the pitfalls, you can hopefully avoid them – so be brave and read on… You expand your business too quickly If expansion is warranted after careful review, research and analysis, identify what and who you need to add in order for your…
  • 15 popular accountancy terms explained

    kbilby
    19 Aug 2015 | 12:44 am
    Last week during the customary Sunday night viewing of BBC TV series Dragon’s Den, we were slightly taken aback to see an aspiring entrepreneur look vacantly into space when asked if he knew what revenue was. Then we got to thinking, just because somebody has a fantastic idea or an incredibly creative thought process, doesn’t necessarily mean they’re going to have the formal business and financial knowledge to back it up. So we’ve outlined some of the most popular terms in accountancy to help you along your journey to entrepreneurial competency. Revenue – Okay, so for those of us…
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    The Cheap Accountants

  • Thousands left penniless this bank holiday after a major IT hiccup at HSBC

    admin
    28 Aug 2015 | 8:21 am
    When you woke up this morning, you might have been feeling particularly jubilant for three possible reasons. First of all, it’s Friday and who isn’t feeling extra chipper at the end of the working week. Secondly, it’s payday for many of us, which means no more beans on toast for tea. Thirdly, there’s a bank holiday weekend on the horizon. So you skipped into work, full of the joys of summer only to find that leading British bank, HSBC were there ready and waiting to rain all over your parade. That’s what happened to many Brits across the country this morning when they discovered…
  • Why It’s Never Too Early to Hire an Accountant

    admin
    27 Aug 2015 | 2:06 am
    If you’re considering a freelance career or starting up a business, then you’ll have a lot of potential expenses to consider. But before you decide that an accountant is an expense you can delay until tax return time, if not indefinitely, STOP! Getting an accountant on board on day one can save you money – and time. Here are our seven reasons to hire an accountant right from the start: They can help you decide on the best legal structure for your enterprise. Will it be best for you to set up a limited company, or should you register as a sole trader? What kind of partnership would be…
  • Finance ministers express concerns about the UK government’s ongoing austerity plans

    admin
    25 Aug 2015 | 1:10 am
    Finance ministers in Scotland, Wales and Northern Island have come together over mutual concerns regarding the continuing austerity measures being employed by the UK government and the threats they are posing to public services. They are warning that the spending cuts put in place by the country’s authorities are developing “too fat and too far” and have composed a joint statement for the attention of the Treasury. The statement has been issued Scotland’s Deputy First Minister John Swinney, Anne Foster of the Northern Island Executive and Welsh Government’s Jane Hutt. The three…
  • Government spending on SMEs improves but start-ups still lag behind

    admin
    21 Aug 2015 | 2:20 am
    New research issued by leading data experts, Spend Network has revealed that less than 3% of the government’s procurement spending was allocated to the country’s start-ups in their first five years of operation. The figures dropped even lower for those start-ups in their first two years of business, receiving a pitiful 0.5% of the government’s spends. The analysis, which was funded by Nesta, investigated three years’ worth of published procurement transactions (2012-2014) which had a collective monetary value of £68bn. The research was carried out as part of a wider scheme which is…
  • Corbyn: I Will Stand Up for Small Businesses

    admin
    18 Aug 2015 | 1:32 am
    With every other media item apparently about Jeremy Corbyn at the moment, the launch of his ‘Better Business’ plan was always destined to provoke even more discussion. So what’s actually in it? Well, very little real detail, but some statements that are surely designed to get small business owners onside… Corbyn: How the Tories Are Getting It Wrong “My ‘Better Business’ plan will level the playing field between small businesses and their workers who are being made to wait in the queue behind the big corporate welfare lobby the Tories are funded by and obsessed…
 
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    Jetpack Workflow » Blog

  • Free Marketing Strategies for Your Firm: The Bonnie Buol Ruszczyk Interview

    Jetpack Workflow
    25 Aug 2015 | 5:34 am
    This week we’re excited to have Bonnie Buol Ruszczyk on our show! Bonnie is President of BBR Marketing and Author of “Take Your Marketing Online: Proven Ways to Grow Your Firm in the Digital Age” (published by the AICPA). In this episode, we discuss: The critical elements of an effective website How “old school” marketing... Read more » The post Free Marketing Strategies for Your Firm: The Bonnie Buol Ruszczyk Interview appeared first on Jetpack Workflow.
  • Building a 7 Figure Firm: The Darren Root Interview

    Jetpack Workflow
    20 Aug 2015 | 5:09 am
    This week we’re excited to release our latest interview with Darren Root, CEO of RootWorks, President of Root & Associates, and author of the popular titles “E-Myth for Accountants”, “Intentional Accountant”, and “Youtility for Accountants”. In this episode, we talked about: How Darren was able to sell off 80% of his clients from his accounting... Read more » The post Building a 7 Figure Firm: The Darren Root Interview appeared first on Jetpack Workflow.
  • Client onboarding forms for Accountants: Typeform software

    Jetpack Workflow
    18 Aug 2015 | 8:50 am
    Last week I was looking for a new on boarding and survey tool for Jetpack Workflow. I decided to review all the “typical” applications, namely google forms and survey monkey. In the past, these have been our “go to” forms, but their lack of functionality and design also made me wonder if there was something... Read more » The post Client onboarding forms for Accountants: Typeform software appeared first on Jetpack Workflow.
  • The Top Applications We Use at Jetpack Workflow (Review)

    Jetpack Workflow
    11 Aug 2015 | 5:49 am
    Managing an accounting practice or firm (as you already know) can be challenging. Which is why I wanted to outline the top applications we use to help us manage our team, process, and product at Jetpack Workflow. followup.cc (website) What is it ? Followup.cc is a simple “reminder” system to help you follow-up with contacts.... Read more » The post The Top Applications We Use at Jetpack Workflow (Review) appeared first on Jetpack Workflow.
  • How to Implement Strategic Growth & Marketing for Your Accounting Practice: The Sarah Johnson Dobek Interview

    Jetpack Workflow
    4 Aug 2015 | 5:27 am
    This week we’re excited to release our interview with Sarah Johnson Dobek on How to Implement Strategic Growth & Marketing for Your CPA Firm or Accounting Practice.” In this interview, we cover How to implement strategic growth and marketing plans How to define a service or industry niche Exciting marketing channels and how to take... Read more » The post How to Implement Strategic Growth & Marketing for Your Accounting Practice: The Sarah Johnson Dobek Interview appeared first on Jetpack Workflow.
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