Accounting

  • Most Topular Stories

  • Managing your small business success

    The Cheap Accountants
    admin
    15 Dec 2014 | 5:34 am
    As the owner of a small business you should be running things, not letting your business run you. Unfortunately, in some cases and more often than not, the excitement of new customers, business interests and expansion means taking time to breathe seems like the last priority on your list. It was your idea to set up a business and therefore you should b e spending all your time on making it a success, right? Wrong! Regardless of the industry that you are in, detailed planning and the right perspective for your business is vital for growing in a sustainable way. We have put together a list of…
  • Our top tips for growing your small business!

    The Cheap Accountants
    admin
    8 Dec 2014 | 4:08 am
    Create! – Always look forward to what is the next step in your business. Being innovative and creative is the key to both progress and success. You must continually involve your client’s needs and desires to keep you above your competitors. Creativity is the most important aspect of being in business, it keeps not only your customers interested but also yourself. Refresh your products – This ties in with being creative, are your products/services still as attractive as they were in the beginning? What could you change to make them just as exciting to both old and new customers?
  • Piling Up For PwC

    re: The Auditors
    Francine
    18 Nov 2014 | 3:48 pm
      Update for breaking news: The Wall Street Journal’s Michael Rapoport reports tonight that the PCAOB is looking into PwC’s tax advice to Caterpillar for auditor independence violations. The schemes were the subject of a hearing held last April by Senator Carl Levin where PwC partners made some embarrassing admissions. The regulator’s review dates back several months and hasn’t previously been reported. The review follows an April request from Sen. Carl Levin (D., Mich.) for the PCAOB to look at the matter after he alleged earlier this year that Caterpillar had deferred…
  • For clients, charitable giving is about more than just the tax benefits

    Financial Planning Digest
    19 Dec 2014 | 12:38 pm
     -More- 
  • Network, Network, Network

    C/F/R - Cross, Fernandez & Riley, LLP
    2 Dec 2014 | 1:22 pm
    Networking: it plays a crucial part in our careers and businesses.
  • add this feed to my.Alltop

    CPA Letter Daily

  • Fed postpones Volcker provision

    19 Dec 2014 | 6:13 am
    The Federal Reserve has postponed to July 2017 a measure in the Volcker rule that ends banks' ownership of private equity and -More- 
  • SEC monitoring variable interest entity consolidation reporting

    19 Dec 2014 | 6:13 am
    The Securities and Exchange Commission is looking closely at variable interest entity consolidations with an eye to making re -More- December 31 Reporting Deadline? There is still time to fulfill your upcoming state CPE reporting deadline. Meet your CPE requirements quickly and easily with AICPA's CPExpress, Annual Webcast Pass and Online CPE courses - all designed to help you stay up-to-date on a variety hot topics. Learn More
  • You may be eligible for the CGMA designation today!

    19 Dec 2014 | 6:13 am
    The CGMA designation is approaching a milestone. Beginning Jan.  -More- 
  • Reconsidering C corporations

    19 Dec 2014 | 6:13 am
    Since the American Taxpayer Relief Act of 2012 raised individual tax rates higher than corporate rates, the time has come to  -More- AICPA's Annual Webcast Pass The AICPA Annual Webcast Pass combines travel-free CPE and live Q&A with national experts with unlimited access to an extensive lineup of events—all at an incredible discount. Choose sessions to fit your schedule, from one to eight hours. > Subscribe today.
  • Luxembourg gives in to EU demand for tax rulings

    19 Dec 2014 | 6:13 am
    Luxembourg says it will provide information on tax rulings as part of a European Commission inquiry into tax-avoidance arrang -More- 
 
  • add this feed to my.Alltop

    re: The Auditors

  • “Tax Avoidance On An Industrial Scale” Says British MP About PwC’s Luxembourg Work For AIG And Others

    Francine
    10 Dec 2014 | 7:25 am
    On Monday of this week, British MP Margaret Hodge grilled Kevin Nicholson, lead partner of PwC’s UK tax practice, in a Parliament Public Accounts Committee hearing about the firm’s Luxembourg tax arrangements. This follows the International Consortium of Investigative Journalists’ (ICIJ) LuxLeaks investigation announced November 5. Hodge accused Nicholson of lying to the committee. You know that you’re on your “back foot” when the first words out of your mouth are a denial that you lied to a legislative committee under oath. (PwC better hurry up and get on…
  • Deadline December 15: Support This University of Notre Dame Accounting Grad Salary Survey!

    Francine
    10 Dec 2014 | 6:13 am
    Professor Jennifer Sustersic Stevens, PhD, CPA at Mendoza College of Business at the University of Notre Dame has asked me to post her request for your participation in a survey that will support important accounting research. Please complete the survey and I promise to report on the results when a working paper is published in the spring. My first job was at Continental Illinois National Bank and Trust in Chicago as a Financial Information Systems Training (FIST) Program trainee. After a fifteen week training program I went to internal audit, reviewing Personal Trusts that held alternative…
  • Speaking Engagements/Conferences

    Francine
    2 Dec 2014 | 3:40 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: February 18, 2014, Tentative, Stanford University and the Graduate School of Business. Visiting lecturer for undergraduate and graduate classes taught by Professor Anat Admati, author of the new book…
  • Piling Up For PwC

    Francine
    18 Nov 2014 | 3:48 pm
      Update for breaking news: The Wall Street Journal’s Michael Rapoport reports tonight that the PCAOB is looking into PwC’s tax advice to Caterpillar for auditor independence violations. The schemes were the subject of a hearing held last April by Senator Carl Levin where PwC partners made some embarrassing admissions. The regulator’s review dates back several months and hasn’t previously been reported. The review follows an April request from Sen. Carl Levin (D., Mich.) for the PCAOB to look at the matter after he alleged earlier this year that Caterpillar had deferred…
  • Luxembourg Tax Leaks Put PwC On The Defensive

    Francine
    13 Nov 2014 | 10:01 am
    The International Consortium of Investigative Journalists (ICIJ) and its media partners released 28,000 Luxembourg tax ruling documents on November 5. These documents were all prepared by global audit firm PricewaterhouseCoopers (PwC) for 340 corporate clients – 548 comfort letters issued from 2002 to 2010.  The ICIJ and several other newspapers and magazines all over the world reported on the stories embedded in these documents. (The hashtag for Twitter for the ICIJ series is #LuxLeaks.) I was quoted in one of the stories that was translated to several languages for media outlets in…
 
  • add this feed to my.Alltop

    Deloitte Global headlines

  • 2014 year-end message from Deloitte

    19 Dec 2014 | 1:18 am
    2014 year-end message from Deloitte
  • About Gov 2020

    19 Dec 2014 | 1:17 am
    At the heart of Gov2020 are two simple components—Drivers and Trends, each one written from the perspective of the year 2020.
  • Technology Fast 500™

    19 Dec 2014 | 1:17 am
    The Deloitte Technology Fast 500 ranks the fastest growing technology, media, telecommunications, life sciences and clean technology companies based on fiscal year revenue growth. The program spans the globe with programs in North America (United States and Canada), Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC). Combining technological innovation, entrepreneurship and rapid growth, Technology Fast 500 companies are large, small, public and private, and span a variety of industry sectors including hardware, software, telecommunications, semiconductor, life sciences and clean…
  • Deloitte named a leader in operating model strategy and organization design consulting by Kennedy

    19 Dec 2014 | 1:15 am
    Deloitte Touche Tohmatsu Limited (DTTL) is pleased to announce that Kennedy has named Deloitte member firms (Deloitte) a leader in operating model strategy and organization design consulting in their recently released report entitled Operating Model Strategy & Organization Design Consulting 2014.
  • Deloitte named a leader in benefits consulting by Kennedy

    19 Dec 2014 | 1:14 am
    Deloitte Touche Tohmatsu Limited (DTTL) is pleased to announce that Deloitte has been named a leader in Benefits Consulting in Kennedy’s recently released report entitled Benefits Consulting 2014. The report lays out the opportunities and challenges for buyers and sellers of benefits services, focusing on market trends, client spending trends and forecasts, and the provider landscape. Kennedy’s report also discusses the growing importance of benefits consulting saying, “Employers today are faced with increasing demands on both the quality and cost of their employee benefits plans. Now…
  • add this feed to my.Alltop

    Accounting News and Notes

  • Atlanta CPA Asks…Is It Possible for a Right Brained CPA to Write a Song?

    John Dillard
    18 Dec 2014 | 10:15 am
    You be the Judge…Vote Early & Vote Often Have a VERY Merry Christmas & A Happy New Year Song…Suddenly  Suddenly when life spins out of control In prayer I find you and take hold     Knowing your holding me I can be bold Fears from within and fears from without They grasp and hold me causing me to shout In you I know that I find true peace And obtain a soft resting place When life and fear get the best of me Suddenly I find you setting me free Suddenly, I am free In you I find peace at last Suddenly I’m not so downcast Living by faith and not by sight You help me Lord to…
  • Are You Looking for a TOP Rated Gwinnett CPA?

    John Dillard
    18 Dec 2014 | 8:45 am
    Are You Blue Collar or a White Collar Business? Have You Been in Business for Years or Are Just Starting Out? Are You Highly Profitable or Nearly Breakeven? Have You Been Focusing on UPPING Your Profits or Lowering Your Taxes? If You Are Looking for a TOP Rated CPA for Your Gwinnett Based Business, check out What Clients of John Dillard CPA Have to Say…CPA Excellence
  • Merry Christmas & A Happy New Year

    John Dillard
    17 Dec 2014 | 9:05 am
    Merry Christmas & A Happy New Year The end of the year is rushing to a close. Presents are being bought and parties are being attended to. But this year I invite you to Be Still….Take a Moment for Yourself… And Pray for a Better America, A Better World, A Better Life… And Not Life as We See It But as HE Sees It!!! I Pray You Have a VERY Merry Christmas!!! This Christmas Spend Time With a Love Letter From God
  • How Can I Find a CPA for My IT Business?

    John Dillard
    16 Dec 2014 | 5:29 am
    A CPA For IT Professionals As a Virtual CFO/CPA We are Poised to Answer the Question. What CPA Should I Hire for My IT Consulting Business? As a CPA for over three decades we have helped dozens on IT professionals: -Be Sure to Pay ONLY Their Lowest Legal Possible Tax. -Job Costing/Profit Maximization. -Strategic & Retirement Planning. It is Time to Upgrade Your CPA Services Today? I pray you ALL have a VERY Merry Christmas
  • Mary, Did You Know?

    John Dillard
    15 Dec 2014 | 2:15 pm
    I have been stuck by this song since it came out and EVEN more this year… See Mary Did  You Know at https://www.youtube.com/watch?v=ifCWN5pJGIE Mary….ready to be married to a man. Becomes Mother to a King. A Godly King. The ONLY One True God King. Mary…How Could She Have Known? About You? About Your Church? About America? About Religious Freedom? The World Forever Changed… That Day… 2000 Years Ago… Wise Men Still Seek Him!!!
 
  • add this feed to my.Alltop

    CPA ZONE

  • Yessss!

    Brenda Mizgorski
    24 Nov 2014 | 11:27 am
    "Anytime I get ANY question right I follow it with a YESSSS!" Patricia, CPA Exam Club member
  • Sometimes it's a Hate-Hate Thing

    Brenda Mizgorski
    19 Nov 2014 | 12:26 am
    Sometimes it's a Hate-Hate Thing
  • Top 10 CPA Exam Process Errors

    Brenda Mizgorski
    16 Nov 2014 | 1:19 am
    "With over 15 years experience working at NASBA, 10 of which spent in Candidate Care, I’ve helped thousands of Exam candidates work through every kind of mistake and error while navigating the CPA Exam process, and if I’ve learned one thing during my time in Candidate Care, it’s that many of the errors and mistakes candidates make can be totally avoided. The following is a list of the top 10 errors I see candidates make throughout the CPA Exam process, and what can be done to sidestep them." (via Penny Vernon, NASBA Candidate Care Manager) Exiting Out of the Exam Prematurely…
  • Success is Never a Straight Line

    Brenda Mizgorski
    15 Nov 2014 | 10:22 am
    Sometimes things don't go as planned.Yeah, welcome to the CPA Exam.
  • add this feed to my.Alltop

    A Counting School - Hardcore Chartered Accountancy

  • 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…
  • I'm back to where I started

    Krupo
    9 Oct 2014 | 2:54 pm
    Longtime readers know this place came about because I returned home from audit orientation and explained that I was at "Accounting School," which is the easiest way to translate Big Four onboarding training sessions to a five-year old. In response, she said, "you were at a counting school?" And this site came into existence. I'm attending a special course devoted to internal audits right now. It's been a good day where we discussed synonyms for "audit finding". Like observation. Issues. Train wrecks. Failures. Chernobyls. The Ford brothers.
  • Big Four Summer Fashion Dress Code

    Krupo
    22 Jul 2014 | 7:20 pm
    If you're going to talk about how to dress in an accounting firm's office, you'll end up talking about how all accountants dress, whether they work in tax, audit, or in an actual "business" that does things other than deliver audits and other "value added services."I'm going to share one tip for guys: always tuck in your shirt.Is it summer and you feel like letting it hang loose? Don't.If you're working in North American cities, the loose carefree untucked polo shirt unfortunately doesn't work.For much more extensive snark, particularly in the…
  • add this feed to my.Alltop

    NJSCPA Exam Cram Blog

  • Post Exam Feelings and License Nightmare's

    Edward Adiele
    15 Dec 2014 | 10:18 am
    Hello Everyone, It’s been 5 months post CPA exam, the “high” is over, and now I am happier and more confident with my work without the worry of ever taking the exams again. For those in this stage of the...
  • Two Down!

    Joseph Zapf
    9 Dec 2014 | 6:09 pm
    I passed Auditing and I now have two exams out of the way! I finally passed a few weeks ago, and what a weight it is off my shoulders. All I have to do now is focus on FAR and...
  • The Waiting is Over

    Michael Palantone
    10 Nov 2014 | 1:15 pm
    Hey all, I'm very thankful to say that last week I found out that I passed my fourth and final part of the CPA exam. It was a long summer of studying, but I really believe that if you put...
  • Back to the Drawing Board

    Mark Eckerle
    7 Nov 2014 | 5:36 am
    Well November 4th came around with some unfortunate news. I failed REG. A friend of mine passed REG though which was a good sign that it is possible. The two of us haev been in a very similar boat. We...
  • Keeping the Path

    Mark Eckerle
    30 Oct 2014 | 5:56 am
    Good morning to all! As each day goes on I feel less and less confident about my REG results due out next week. I have a bad feeling I wil have to retake it in 1Q 2015. I just need...
 
  • add this feed to my.Alltop

    CPA Success

  • Franchot: Maryland needs CPAs to help ‘help families and small businesses’

    17 Dec 2014 | 9:00 pm
    There’s nothing partisan or political about Maryland’s economy. It’s all about people. The minute we forget that, says Peter Franchot, this state is in serious trouble. Maryland’s comptroller had some advice for both sides of the state’s political aisle during the MACPA’s annual Comptroller’s Luncheon, and he didn’t mince words. “It’s time to abandon the divisive rhetoric and begin talking openly and seriously about the fiscal challenges and opportunities before us,” said Franchot. “… No more cuts simply because…
  • Senate temporarily extends tax breaks; busy season won't be delayed

    17 Dec 2014 | 3:08 am
    UPDATE: The IRS says the start of tax season will not be delayed, but refunds could be delayed due to IRS budget cuts. The lame-duck Congress has finally passed a bill that will temporarily extend certain tax breaks all the way through … the end of the year. As in 2014. That’s right. The bill will expire on Dec. 31, 2014. Any further extensions will be the responsibility of the new Congress. Who says our elected officials can’t get anything productive done? Oh, and tax season? I hope you’re not in a hurry to get started. Here’s how Kelly Phillips Erb puts it in…
  • Essential apps for the mobile professional

    12 Dec 2014 | 2:24 am
    A Tweet from member James Carroll (@jamesuccpa) said it well: Mobile is not the wave of the future. Mobile is NOW! That kicked off the panel with yours truly moderating two mobile professionals and CEOs of tech consulting companies, Byron Patrick of Simplified Innovations and Donny Shimamoto of Intraprise TechKnowlogies, at the MACPA's Technology Conference at the BWI Hilton. We started with a poll of favorite social technologies: LinkedIn: 77 percent Facebook: 71 percent YouTube: 57 percent Twitter: 51 percent Instagram: 31 percent Slideshare: 14 percent SnapChat: 9 percent Honorable…
  • Are CPAs future-ready? Survey offers mixed reviews

    9 Dec 2014 | 4:00 am
    Want to know what your problem is? I’ll tell you. It’s the same as my problem. Change. One word. Six letters. A million headaches. Legislation, regulation, generations, talent development, technological advances — they’re making our lives really, really complicated. A nearly constant stream of groundbreaking changes is sweeping over every corner of the profession, and the pace at which they’re occurring is increasing. That spells trouble for CPAs. Let’s face it, with a few notable exceptions, this profession isn’t known for its forward-thinking…
  • Business strategy should drive IT — not the other way around

    8 Dec 2014 | 3:10 pm
    I don’t know a lot, but I know this much: Technological advances are changing our world and everything in it — including our jobs, our organizations, and our professions. Because of that, I also know this: A lot of organizations are making a potentially crippling mistake: They’re putting IT in charge of technology. On second thought, that's a really simplistic way of stating the problem. Here's a better way: Too often, IT departments are left to determine the technological strategies of their organizations on their own. That’s a huge mistake. Here's why. Technology…
  • add this feed to my.Alltop

    CPA Trendlines

  • Target the Low-Hanging Fruit

    Beth Bellor
    20 Dec 2014 | 2:00 am
    Five strategies you can implement right now. By Sandi Smith Leyva The Accountant’s Accelerator If business has slowed for you, it’s not just you. With people finishing their holiday preparations, getting ready for school vacations and trying to keep from falling to the latest batch of colds making the rounds, it’s all most of us […]
  • Successful Strategy Execution Requires Focus on People

    Beth Bellor
    19 Dec 2014 | 2:00 am
    By Robert J. Lees, August J. Aquila and Derek Klyhn Momentum is critical in driving change, so it is no surprise that the initiation of activities that drive and support the strategy is key. MORE ON LEADERSHIP: Managing Partners Must Remember Partners’ Needs | 5 Questions About Your Firm’s Direction | Like Herding Cats: Partners […]
  • Fear of Sex and Rumors Inhibits Sponsorship

    Beth Bellor
    18 Dec 2014 | 2:00 am
    Career penalties for romance are greater for junior women than senior men. By Ida O. Abbott Sponsoring Women: What Men Need to Know A close work relationship between a man and a woman can generate sexual tensions in one or both of them. When the man is older and powerful and the woman is young […]
  • Clients Leaving? Time to Reduce Retirement Benefits

    Beth Bellor
    18 Dec 2014 | 2:00 am
    A lot depends on what type of firm you have. By Marc Rosenberg Retirements & Buyouts The only reason why goodwill benefits are paid is for retention of the clients after the retiring partner exits the firm. A logical extension of this premise is that, if a retiree’s clients don’t stay, there is no basis […]
  • How to Cut Tax Prep Costs with Scanners

    Beth Bellor
    16 Dec 2014 | 2:00 am
    Beating the rush to front-end scanning. By Roman H. Kepczyk Quantum of Paperless Most tax clients will continue to deliver their organizers and supporting tax documents to firms on paper. So firms are learning quickly how to effectively scan and manage those tax documents at the lowest possible cost. Early paperless adopters scanned the tax return and […]
  • add this feed to my.Alltop

    Big4.com Blog

  • Accenture and HfS Research Study Highlights Digital Transformation Enabling Expansion

    19 Dec 2014 | 10:18 am
    By Rob Starr, Big4.com Content Manager. New joint research from Accenture and HfS Research shows expanding digital technologies are expected to support implementation of advanced shared services models across a broader range of business functions over the next several years. Paul Jeruchimowitz, managing director – Accenture Strategy, CFO & Enterprise Value answered some questions about the research for Big4.com How will the extensive use of digital technologies support the implementati...Keep on reading: Accenture and HfS Research Study Highlights Digital Transformation Enabling…
  • Deloitte 2014 Global Mobile Consumer survey highlights device obsession and mobile payment potential

    19 Dec 2014 | 8:54 am
    By Rob Starr, Big4.com Content Manager According to a new Deloitte survey on mobile consumer trends, nearly 90 percent of US consumers check their phone in the first hour of being awake and 23 percent look at their device up to 50 times a day. Craig Wigginton, vice chairman and U.S. Telecommunications leader, Deloitte LLP helped us to understand these and other findings and their significance.   Why are in-store mobile payment (mPayments) technologies currently underutilized ? What’s...Keep on reading: Deloitte 2014 Global Mobile Consumer survey highlights device obsession and mobile…
  • PwC Digital IQ Innovation Snapshot Takes A Closer Look At Earlier Findings

    16 Dec 2014 | 3:35 pm
    By Rob Starr, Big4.com Content Manager ...Keep on reading: PwC Digital IQ Innovation Snapshot Takes A Closer Look At Earlier Findings
  • VP of Permanent & Search Services For Toronto’s Lannick Group Adds Perspective to Our Career Discussions

    16 Dec 2014 | 4:22 am
    By Rob Starr, Big4.com Content Manager Not surprisingly for someone who's attained an executive position in a Canadian based professional staffing and recruitment firm specializing in Finance and Technology, Kevin Jeewan has a few international stops on his resume. “I’ve worked at both PwC and Ernst & Young in the West Indies in Trinidad and Tobago,” he told us when we spoke to him recently during a break in his busy schedule. “I worked as an Audit Senior for those firms.” ...Keep on reading: VP of Permanent & Search Services For Toronto’s Lannick Group Adds Perspective to…
  • Itzhak Perlman and James Taylor in 48 Hours

    15 Dec 2014 | 7:29 am
    By Andrew Sobel, Big4 Guest Blogger My wife and I had the unusual pleasure of seeing both the great violinist Itzhak Perlman and singer-songwriter James Taylor perform in the space of two days. Their artistry, virtuosity, and passion left me reeling. This is about the two concerts, but at a bigger level its about the powerful collision of excellence, passion, and joie de vivre--and why it's so important for all of us. Perlman, who is 69, is considered one of the greatest violinists...Keep on reading: Itzhak Perlman and James Taylor in 48 Hours
 
  • add this feed to my.Alltop

    Stacie's More Tax Tips

  • IR-2014-116: IRS, National Tax Groups Offer Help Selecting a Tax Preparer; Tips, New Web Page Unveiled

    Stacie Clifford Kitts
    18 Dec 2014 | 11:49 am
    IRS Newswire December 18, 2014 News Essentials What’s Hot News Releases IRS – The Basics IRS Guidance Media Contacts Facts & Figures Problem Alerts Around The Nation e-News Subscriptions Filed under: IRS PATROL
  • Expired Tax Law Rules Extended – President Expected to Sign

    Stacie Clifford Kitts
    17 Dec 2014 | 3:38 pm
    Late last evening, the Senate passed the bill that extends, through the end of 2014, several key tax provisions that had otherwise expired at the end of 2013. It is expected to be signed by the President next week. These tax provisions include the following: Business Tax Extenders The Act extended the following business related tax credits and deductions through 2014: • Bonus depreciation has been extended through 2014, allowing an additional first year deduction of 50 percent of the cost of the equipment. • The Section 179 rules have been extended allowing for the expense of $500,000 on…
  • IRS Final Repair/Capitalization/MACRS Regulations Update

    Stacie Clifford Kitts
    16 Dec 2014 | 3:27 pm
    CCH Tax Briefings – After several years of struggle, the IRS at long last completed its "repair regulations" project, including the closely related Modified Accelerated Cost Recovery System (INCURS) rules in 2014 dealing with dispositions and MACRS general asset, multiple asset, and item accounts. The IRS also completed guidance in 2014 related to accounting method changes that must be filed to comply with accounting methods described in any of the final regulations where a taxpayer’s current accounting method now differs. IMPACT The final regulations can affect…
  • IR-2014-115: Post-Appeals Mediation For Offers in Compromise Available Nationwide

    Stacie Clifford Kitts
    12 Dec 2014 | 11:34 am
    IRS Newswire December 12, 2014 News Essentials What’s Hot News Releases IRS – The Basics IRS Guidance Media Contacts Facts & Figures Problem Alerts Around The Nation e-News Subscriptions Filed under: IRS PATROL
  • IR-2014-114: New Standard Mileage Rates Now Available; Business Rate to Rise in 2015

    Stacie Clifford Kitts
    10 Dec 2014 | 10:53 am
    IRS Newswire December 10, 2014 News Essentials What’s Hot News Releases IRS – The Basics IRS Guidance Media Contacts Facts & Figures Problem Alerts Around The Nation e-News Subscriptions Filed under: IRS PATROL
  • add this feed to my.Alltop

    One Accounting

  • Autumn Statement: Pension and Tax Rate Changes

    Chris Thomas
    16 Dec 2014 | 2:56 am
    Income Tax Allowances The standard personal allowance will increase from £10,000 to £10,600 on 6 April 2015, but the personal allowances for those born before 6 April 1938 are frozen. From 6 April 2015 married couples and civil partners will be able to transfer £1,060 of their unused personal allowance to their spouse/ partner, if the recipient is taxed at no more than the basic rate for the year (20%). Tax Rates The income tax rates for 2015/16 on earnings and dividends are the same as apply in 2014/15. However, the savings rate is reduced from 10% to zero and the savings rate band is…
  • Autumn Statement’s Land and Building Transaction Tax: How the changes will affect you

    Chris Thomas
    9 Dec 2014 | 5:57 am
    Stamp Duty Land Tax Stamp Duty Land Tax (SDLT) is paid by purchasers of land and buildings. The tax is regarded as unfair, as it is imposed in a slab system on the whole value of the property according to the highest rate applicable for the property value. From 4 December 2014 the new rates and bands of SDLT apply (see below) and the tax is imposed in a progressive fashion such that each slice of the property value bears tax at the rate according to that band, like income tax. These changes only apply for residential properties, not for commercial properties. Until 3 December 2014 a house…
  • Let Property – Tax deductions for repairs and improvements

    Chris Thomas
    2 Dec 2014 | 6:09 am
    If you let out residential property you need to know whether you can receive a tax deduction for the cost of replacing or repairing furniture and fittings provided inside that property. The cost of equipment used to maintain the outside of a property, or used in the communal areas of a building containing multiple dwellings, is always deductible. When you fit something for the first time to a property, such as a fitted kitchen, that cost will form part of the capital cost of the building and will only be deductible when you sell the property. If you repair a fitting or replace the fitting…
  • Pensions Death Tax Explained

    Chris Thomas
    19 Nov 2014 | 7:22 am
    Currently if you die before you have started to draw your pension, the value of your pension fund will not usually be subject to inheritance tax (IHT) at 40%, as it is excluded from your estate. However, there can be a 55% tax charge where your pension fund is passed to someone else under your will, especially if you die aged over 75. From 6 April 2015 the 55% tax charge will be abolished. If you die before you reach age 75 you will be able to pass on your pension fund on death to any one you choose without a tax charge. The new owner of the pension fund will have no tax to pay when he or she…
  • WE ARE HIRING!

    Chris Thomas
    14 Nov 2014 | 8:06 am
            We are looking for someone who loves bookkeeping and credit control. We use modern software (Xero and Freeagent) so it would be beneficial if you have experience of these packages. However, we also have clients using other software, so it is important to us that you are adaptable. We want a terrier when it comes to credit control! The role will also include the preparation of vat returns and some management accounts preparation, so experience of vat is essential and experience of management accounts would be beneficial. You will be involved in some customer facing…
  • add this feed to my.Alltop

    JonathanMilligan.com

  • The Power of a Personal Vision for Your Life

    Jonathan Milligan
    14 Dec 2014 | 9:00 pm
    Growing up in the state of Indiana, you’re taught at a young age to have a love for basketball. From a very young age, I was dribbling a basketball around the house. There’s even an age old joke in Indiana that every kid born in the state is born with a basketball and pair of sneakers. While most kids want to grow up to be a policeman or fireman, I wanted to play basketball in the NBA. That personal vision for my life guided all of my decisions and actions. It even told me what I was not going to do. I remember turning down potential girlfriends in middle school because “I had to…
  • The MAIN Reason You’ll Fail to Meet Your Goals

    Jonathan Milligan
    1 Dec 2014 | 5:15 am
    What separates the successful from the unsuccessful? Can it be narrowed down to a single reason? If so, what would be that main reason? These are the questions that the National Retail Dry Goods Association wanted to answer with a study of thousands of salesmen. What they discovered was shocking. Almost 50% of salesmen gave up after the first sales attempt. Here is how the results of this study were broken down: 48% of all salesmen made one contact and stopped. 25% of all salesmen made two contacts and stopped. 15% of all salesmen made at least three contacts and then stopped 12% of all…
  • How to Develop Your Very Own Code of Persistence

    Jonathan Milligan
    24 Nov 2014 | 7:00 am
    One of the most beloved Disney classics of all time is the movie Snow White. What you may not know is the amazing story behind the scenes of this classic. Nothing like this had ever been done before. Snow White was the very first full featured animated movie ever. If that isn’t intriguing enough, the movie was released in 1937, decades before much of the automation we have today. This feat required an incredible amount of persistence from Walt Disney and his employees. In fact it required: The collaboration of over 600 employees who drew, inked and painted the drawings. Over 200 years…
  • What Milton Hershey Taught Me About Strategy

    Jonathan Milligan
    17 Nov 2014 | 8:00 am
    Milton Hershey. You can’t say that name without thinking about the chocolate candy bar. But there is a bigger story. While Milton spent hours upon hours perfecting milk chocolate, Henry Hershey (Milton’s dad) had a much different approach to business. Henry was always on the look out for the next big opportunity. While you certainly might admire Henry for being an opportunist, it didn’t work out so well. He always moved to the next big thing before what he was working on had an opportunity to succeed. While Milton was perfecting milk chocolate, Henry was dabbling in real…
  • Change Today’s Choices, Change Your Life

    Jonathan Milligan
    3 Nov 2014 | 5:45 am
    Why do smart, capable people struggle? Why do we settle for less than our best? Why do years go by and that thing we want to change about our life remains the same? It’s not lack of knowledge. Why have more information, solutions, tips, and advice we could ever hope to curate in a lifetime. It’s not from lack of goals. At the beginning of every year millions of people establish new goals. This year will be different, they say. Yet, we abandon them so quickly and settle back into a mediocre life. I’m just as guilty. I’ve allowed goals to turn into wishes. I’ve…
 
  • add this feed to my.Alltop

    Intuit News Central

  • Fame, Travel and a Dynamic Forum to Share Your Opinions

    Bryan Tritt
    19 Dec 2014 | 6:33 am
    Fame, travel and a dynamic forum to share your opinions … these are just a couple of reasons why you should apply for one of the coveted spots on Intuit’s first- ever Canadian Accountant Council; we only recruit once a year and recruitment is now open. Council will take place on February 19-20, 2015. We are now accepting applications. Wondering what Intuit Accountant Council is and why you should apply? There really are so many reasons, but the one members think is most important is that they “get heard.” The Accountant Council provides our customers with an opportunity to have a…
  • IRS Direct Pay: How It Benefits Your Clients

    Mike D'Avolio
    19 Dec 2014 | 5:00 am
    The IRS has been promoting a new web-based system for paying tax bills and estimates directly from your checking or savings account without incurring a fee. This service was used by over 150,000 taxpayers last year and includes the following features: You receive an instant confirmation The system is available 24 hours a day and 7 days a week You can schedule a payment up to 30 days in advance The system does not retain your personal bank account information for security purposes To access this service click on the “Pay Your Tax Bill” icon at the top of IRS.gov.  To find out more…
  • Year-Round Business Planning Ensures a Stronger Client Bond

    Joel Hodges
    18 Dec 2014 | 12:23 pm
    Building strong client relationships through regular communication is an important part of providing the best client service. It’s also important to the success of your tax accounting business. Businesses and individuals that hire a tax preparer are looking for services beyond just tax prep; most are looking for an advisor who can help them succeed and reach their goals. Jeffrey Whittaker is one of those advisors. A Texas-based CPA and QuickBooks ProAdvisor who owns his own firm, Jeffrey helps his clients plan for the future to achieve their financial goals and lower their tax liability.
  • Payroll is Serious Business

    Eileen Reppenhagen
    18 Dec 2014 | 6:20 am
    It’s the law, mandatory to keep records about employees. Employers can’t just write cheques or pay cash and barter is viewed as dubious but may be accepted with sufficient record keeping. Best practice Keep a permanent file for each employee, an annual file, both for each employee, with their timesheets and pay related information, and another for accrual calculations; and employer files for the monthly and annual payroll summary reporting. What payroll records would a CRA payroll TRUST auditor be looking for and have the right to review? Permanent  Contract of employment Rate of pay…
  • Extender Legislation Info for Tax Season 2014

    Mike D'Avolio
    17 Dec 2014 | 9:00 am
    On Dec. 16, 2014, Congress passed the Tax Increase Prevention Act of 2014 (TIPA) and President Obama is expected to sign the bill into law. This bill retroactively extends many tax provisions that were due to expire on 12/31/13 for one year or through 12/31/14. Here’s a list of high impact extender provisions that lapsed at the end of 2013: Individual provisions Deduction for state and local sales taxes Deduction for school teacher expenses Tuition and fees deduction Deduction for mortgage insurance premiums Parity for exclusion for employer-provided mass transit and parking benefits…
  • add this feed to my.Alltop

    AICPA Insights

  • Igniting a Passion for Learning

    Clar Rosso
    19 Dec 2014 | 4:00 am
    Last time, as part of a discussion on AICPA’s Future of Learning initiative, I focused on the Future of Learning Task Force recommendation to innovate and experiment, including ideas on selecting the right delivery method for a topic, ways to integrate technology into learning and, perhaps most importantly, ideas for small changes to delivery that can have a huge impact. Creating a Spark Today, let’s focus on the recommendation to “ignite a passion for learning.” In a professional environment where complying with CPE hours often places more value on how much time you spend in a…
  • Strengthening the Profession’s Core with Relevance, Rigor and Reach

    Tommye E. Barie, CPA
    16 Dec 2014 | 4:00 am
    I am excited to write to you as the new chair of the AICPA Board of Directors. I hope to meet many of you at the numerous conferences, state society meetings and firm visits that I have lined up between now and next October. The Chair’s Letter also is a great forum to discuss common experiences and important developments. Throughout the year, I will share my thoughts on key trends and emerging professional issues. I hope you’ll share your comments with me and our fellow CPAs so we can have a robust dialogue. Let me begin by telling you a little about myself. I grew up in the tiny town of…
  • Dynamic Firm Benchmarking: the New MAP Survey Platform in Action

    Guest Blogger
    15 Dec 2014 | 3:00 pm
    Have you ever performed an in-depth comparison of your firm’s standing against other firms of the same size? The 2014 PCPS/TSCPA National Management of an Accounting Practice Survey provides some new and valuable ways to assess where your firm stands and plot your future course. If you participated in the survey this year but haven’t really delved into the results, which became available in November, you definitely want to check them out. Thanks to a new online platform, it’s much easier to take a peek at how firms like yours operate. And even if you didn’t participate, the survey…
  • Benchmarking the Finance Function

    Guest Blogger
    15 Dec 2014 | 4:00 am
    On October 22, CIMA and AICPA released Global Management Accounting Principles which are available for download at CGMA.org.  When explaining the principles, the first thing I usually mention is that they are not a prescriptive set of rules. They are principles-based, comprehensive, best-practice guidance designed to help organizations (and specifically finance leaders, CEOs and boards) benchmark and improve their management accounting functions.  The Global Management Accounting Principles encompass four core principles focused on four outcomes: Influence - Communication provides…
  • AICPA Introduces New Disruptive Technology

    Guest Blogger
    11 Dec 2014 | 4:00 am
    With the issuance of the AICPA’s Audit Data Standards, the Institute has introduced what promises to be a significant disruptive technology – data on demand. ADS were designed to bridge the gap between disparate Enterprise Resource Planning systems and apps (tools and technologies) that analyze a company’s data. Until now business information consumers had to rely on IT personnel to either develop customized extraction routines or develop applications within the ERP system to do what users were asking for. But, as many business information consumers know, that process is often expensive…
 
  • add this feed to my.Alltop

    OSYB Number Crunch! Bookkeeping Tips from Outsouce Your Books.

  • 6 Twitter Updates That Are Making You Look Dumb

    OSYB Staff
    20 Dec 2014 | 9:00 pm
    Imagine a group of people having a great time sharing stories and interacting with each other. This involves listening, paying attention, and reacting. Now picture a stranger butting into the group to drop off a recorder that randomly plays one-liners and then leaves. Read more about not sounding dumb on Twitter. 
  • Best Money Tips: 60 Ways to Make Money Without a Job

    OSYB Staff
    20 Dec 2014 | 9:00 pm
    Today we found terrific articles on ways to make money without a job, tips to clean holiday party stains, and lazy ways to save money. Like how to make money without a job, lazy ways to make money, sticking to your Christmas budget and should you quit if you are unhappy at work?
  • 5 Scientific Reasons to Ditch the Luxury Brands

    OSYB Staff
    19 Dec 2014 | 9:00 pm
    Is it better to buy a Rolex than a Timex? What about buying a $50 bottle of wine instead of “two-buck Chuck”? They may be worse for your wallet, but buying these luxury items may actually mean you get more enjoyment from the product. Read about the brand name mind set here. 
  • Coverage: What does falling oil prices mean for Tesla?

    OSYB Staff
    19 Dec 2014 | 9:00 pm
    Oil prices are dropping, making many consumers happy, particularly since it’s right before the holiday travel and shopping season. But one maker of electric cars might not be so excited – Tesla — or maybe it doesn’t care. Tesla’s luxury cars will likely be immune to drops in the price of oil.
  • 2015 IRS Inflation Adjustments

    OSYB Staff
    18 Dec 2014 | 9:00 pm
    In late October, the IRS announced annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. Some of the changes for 2015 that may be of greatest interest to taxpayers. Read this list to see what might affect your individual tax return. 
  • add this feed to my.Alltop

    C/F/R - Cross, Fernandez & Riley, LLP

  • A Degree in Accounting: The Road with Many Options

    17 Dec 2014 | 6:04 am
    In recent years, students of all ages who graduate from college have had difficulty finding full-time employment that is commensurate with their educational achievements. However, last year there was an unprecedented demand for accounting graduates, and projections show that employment of accountants and auditors is expected to grow 16 percent over the next five years.
  • 2015 Cybersecurity Resolutions

    16 Dec 2014 | 11:08 am
    Security breaches were front and center this year, including those that happened at high-profile brands such as Home Depot, AT&T, JP Morgan, eBay and P.F. Chang’s.
  • Basic Instincts: Do Your Employees Have “The Nine?” for Fast Growth?

    11 Dec 2014 | 12:35 pm
    What kind of employees do you need to hire to grow a company? You can train and hire for skills, shaping the team personality, however, what you can’t train, shape or change are your employees’ primal basic work instincts: how they will first respond and react to all the dynamics in a fast growth company.
  • Network, Network, Network

    2 Dec 2014 | 1:22 pm
    Networking: it plays a crucial part in our careers and businesses.
  • Your Business Legacy

    25 Nov 2014 | 8:58 am
    How is it that some leaders can make a lasting impact?
  • add this feed to my.Alltop

    Presti & Naegele

  • IRS Announces New Mileage Rates

    Joseph Romano
    17 Dec 2014 | 9:37 am
    The IRS has announced that the optional mileage allowance for owned or leased autos will increase by 1.5¢ to 57.5¢ per mile for business travel beginning Jan. 1, 2015. This rate can also be used by employers to provide tax-free reimbursements to employees who supply their own autos for business use, under an accountable plan, and to value personal use of certain low-cost employer-provided vehicles. The rate for using a car to get medical care or in connection with a move that qualifies for the moving expense will decrease by 0.5¢ to 23¢ per mile.  The mileage rate for driving an auto for…
  • Congress Passes Tax Extenders

    Andrew Presti
    17 Dec 2014 | 9:35 am
    Extending personal and business tax incentives retroactively for 2014 With just two weeks left in the 2014 calendar year, Congress finally passed the much anticipated tax extenders bill extending, for 2014 only, a number of personal and business tax breaks that had expired at the end of 2013. The recently passed bill only extends the provisions through 2014, leaving 2015 to be decided upon by future sessions of Congress. The bill now goes to President Obama, who is expected to sign it into law this week. The tax extenders bill essentially re-authorized the previous tax extenders bill for one…
  • November 2014 Newsletter

    pntsuper
    25 Nov 2014 | 11:47 am
    Andy Presti uncovers problem signs and tips for cash-flow improvement in his article “Cash-flow 101″. The post November 2014 Newsletter appeared first on Presti & Naegele.
  • FAQ: What is the new de minimis safe harbor for tax expensing?

    Wayne Naegele
    24 Nov 2014 | 6:03 am
    Businesses generally want to write off costs more quickly, to reduce their taxable income and their tax burden. One mechanism for accomplishing this is to deduct the costs of depreciable property rather than capitalizing them. Under Code Sec. 179, taxpayers can expense a prescribed amount of their costs for tangible depreciable property, even if the ordinary accounting treatment would be to capitalize the costs. Code Sec. 179 applies primarily to personal property, but can apply to some real property. In recent years (through 2013), the expensing limit has been as high as $500,000 a year.
  • “Lame-duck” Congress returns with busy post-election tax agenda

    Joseph Romano
    24 Nov 2014 | 6:01 am
    Lawmakers are scheduled to return to work after the November elections for the so-called “lame-duck” Congress. Despite what is expected to be a short session, there is likely to be movement on important tax bills. Tax extenders Every two years, like clockwork, the same scenario seems to play-out in Congress. Many popular but temporary tax incentives expire and lawmakers debate whether to extend them, make them permanent or abolish them. This year is no exception. The new filing season is fast approaching and many tax breaks are, at this time, unavailable because they expired after…
 
  • add this feed to my.Alltop

    It's Taxing - Bond Beebe

  • One Year Tax Extenders Package Passed in the Senate

    18 Dec 2014 | 8:16 am
    Just in time for year-end tax planning, the Senate passed the tax extenders bill by vote of 76 to 16 on Tuesday, December 16. As discussed in our previous post, this bill includes many previously expired tax provisions that will be extended through December 31, 2014. The bill will be sent to the President for his signature and is expected to be signed into law quickly. 
  • One Year Tax Extenders Package Passed in House

    18 Dec 2014 | 8:11 am
    On Wednesday, the House overwhelmingly passed a bill that will extend, for one year, a package of tax provisions into 2014. Though the year is almost over, these breaks had all previously expired as of December 31, 2013, and under this bill they will be extended through December 31, 2014. There has been considerable debate over the content of this package, and whether to pass a one-year extension or two. Last week, President Obama threatened to veto a two-year extension, so there is hope that this one-year extension will work instead. If the
  • An Alternative to Capital Gains Taxes: Donating Stock to Charity

    17 Dec 2014 | 7:48 am
    This time of year many individual taxpayers are seeking ways to reduce their 2014 tax bill with April right around the corner. It is no secret tax rates have increased beginning January 1, 2013 leaving some with an uncomfortable reality last April. Plus, many previous beneficial tax provisions have expired on December 31, 2013 and without an extension by Congress*, tax preparers and clients alike are left searching for alternatives to reduce their tax liabilities. Rest easy, there is one tax planning strategy that can realize the appreciation, increase your itemized deductions and reduce your…
  • Tips for Year-End Charitable Contributions

    12 Dec 2014 | 6:47 am
    The IRS has issued a news release (IR 2014-110) to remind taxpayers of the important tax law rules and documentation requirements that they should follow when making donations to charity. Rules for donations of clothing and household items. To be deductible, clothing and household items donated to charity must be in good used condition or better. Clothing or household items (e.g., furniture, furnishings, electronics, appliances, and linens) for which a taxpayer claims a deduction of over $500 does not have to meet this standard if the taxpayer includes a qualified appraisal of the item with…
  • IRS Releases New Standard Mileage Rates for 2015

    11 Dec 2014 | 9:08 am
    The IRS has issued the 2015 standard mileage rates. The new rates go into effect beginning January 1, 2015 and are as follows: 57.5 cents per mile for business miles driven. 23 cents per mile driven for medical or moving purposes. 14 cents per mile driven for charitable purposes.
  • add this feed to my.Alltop

    Investment and Small Business Accountants

  • Is Big Data Driving Your Business Forward or Is It Too Heavy That It Slows Things Down?

    chinweike
    12 Dec 2014 | 5:31 pm
    The importance and significance of big data in this digitalized business world has been generally agreed upon by business leaders and strategists. We are now in a new phase of big data life cycle which is what I call the shaking off stage. The big data shaking off stage is the phase where the multitude […]
  • Dysfunctional Behaviours of Budgetary Control Systems

    chinweike
    28 Sep 2014 | 12:59 pm
    Dysfunctional behaviours in budgetary control system are those suboptimal decisions that managers make just to ensure that they meet targets and get their bonus. The essence of budgeting which includes motivation of managers will be defeated if proactive action is not taken at both the design stage and implementation stage of budgetary control system. The […]
  • Automate Accounting but Humanize it| Accountancy Will Lose Human Face if…

    chinweike
    21 Sep 2014 | 3:07 am
    The use of IT in accounting and finance is continuing to grow as business leaders constantly strive for excellence in business processes. And there is always a danger of over doing anything that we do in life. Virtually every accounting and business functions are now automated which is a good thing but are being misinterpreted […]
  • Cost Accounting in the New Era

    chinweike
    19 Sep 2014 | 12:16 pm
    Cost accounting in the new era has completely moved away from the simple act of identifying direct costs, indirect costs and overhead, then using the traditional cost allocation method to allocate the costs. I remember the good old days when cost accounting was all about collecting prime costs and overhead costs, apply some simple arithmetic […]
  • What is Strategic Management Accounting? Meaning and Characteristics

    chinweike
    13 Sep 2014 | 3:24 am
    Strategic management accounting and control is a relatively new paradigm in the field of management accounting. This new perspective of management accounting and control system was made popular as a result of the criticism levelled on the traditional management accounting by both academia and professionals in the late 1980s and early 1990s. The intense competition […]
  • add this feed to my.Alltop

    ApniTally

  • Bharat Goenka of Tally Solutions conferred Honorary fellowship of CSI 2014

    Shailendra Yadav
    18 Dec 2014 | 3:25 am
    Computer Society Of India (CSI) the largest and India's prominent professionally managed association of IT professionals of India recognised Mr. Bharat Goenka The Co-Founder and Managing Director of Tally Solutions with  Honorary Fellowship award for year 2014.  At CSI's 49th Annual Convention and International Conference 2014 held at Hyderabad on Dec 13th this award was presented to Mr. Goenka. Bharat Goenka of Tally Solutions... Read More
  • How to manage your business remotely with Tally ERP 9

    Shailendra Yadav
    15 Dec 2014 | 1:57 pm
    Since How long you are using Tally? Yes this is a simple question and try to decide since how long you are working on Tally? You would find that most of us are having years of Tally experience. But Have you tried to use Tally remotely? Let me explain. Have you tried to use your Tally from a remote location, or location other then your system where licence is configured? It may be your home, while you are travelling in train, or may be while you... Read More
  • 3 Ways to Manage your Business Expenses using Tally ERP 9

    Shailendra Yadav
    2 Dec 2014 | 1:07 pm
    Tally  ERP 9 is now undisputed leader in Accounts and Inventory Management among small and Medium business enterprises in India. This has been proved by latest VAR India Survey.  It has been judged as Best ERP software for SMB. This is another feather in Tally's cap. Tally's kitty of awards and recognition is increasing day by day.Tally has many tools with which you can manage your day today business expenses very effectively. These... Read More
  • Six Ways of Getting Free Help on Tally from Tally Solutions

    Shailendra Yadav
    26 Nov 2014 | 11:49 am
    Every Tally user sometime stuck somewhere doing his work on Tally and he needs help. Help can be from many quarters but it depends on how the user likes to take help. If you are using original Tally then you have official channels to get help and perhaps these are the best help you can take. There are always ways to pick your phone and call Tally about your problem or call you friend or teacher for help. But I am talking about free Help!! The... Read More
  • A social media troll on Tax structure In India

    Shailendra Yadav
    20 Nov 2014 | 12:12 am
    While surfing on social site facebook I came across a post by my friend. As it was related to accounts and taxation it caught my attention immediately. I decided to share it. But It looked me familiar.  I am sharing this with you.  It is said that If you are born then start paying the taxes and pay until you die. Taxes are eternal truth. A troll about taxation system in India is moving on Facebook for quit some time and Now One of my... Read More
 
  • add this feed to my.Alltop

    Goldin Peiser & Peiser, LLP

  • LEGISLATION NEWS: Senate Passes Tax Increase Prevention Act of 2014

    17 Dec 2014 | 5:54 pm
    On Tuesday, December 16, 2014 the Senate passed a bill to retroactively extend more than 50 expired tax provisions through 2014. The Tax Increase Prevention Act of 2014 was passed by a vote of 76-16 and President Obama is expected to sign it into law. What does this mean for you?
  • 2015 Cybersecurity Resolutions

    16 Dec 2014 | 11:24 am
    Security breaches were front and center this year, including those that happened at high-profile brands such as Home Depot, AT&T, JP Morgan, eBay and P.F. Chang’s.
  • IRS Announces New Standard Mileage Rates for 2015

    11 Dec 2014 | 11:28 am
    The Internal Revenue Service issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
  • Compensation and Employment Tax Issues

    11 Dec 2014 | 11:19 am
    Rick Lahr, CPA recently held a CPE/CLE class for attorneys and CPAs on compensation and employment tax issues for lawyers and CPAs in Dallas.
  • Basic Instincts: Do Your Employees Have “The Nine?” for Fast Growth?

    10 Dec 2014 | 3:39 pm
    What kind of employees do you need to hire to grow a company? You can train and hire for skills, shaping the team personality, however, what you can’t train, shape or change are your employees’ primal basic work instincts: how they will first respond and react to all the dynamics in a fast growth company.
  • add this feed to my.Alltop

    Energized Accounting

  • New Charities vs. Old

    Bill Kennedy
    18 Dec 2014 | 5:09 am
    In her December 18 editorial “In the charity world, cash is the new goat” Margaret Wente compares two charities, one which sends cash to Africa and another (unnamed) group that provides goats.  Here is my response: Ms. Wente’s support of the charity GiveDirectly is to be applauded.  Her demeaning of other charities is not.  All charities face the same challenges of minimizing administration costs, whether they are providing goats or deworming pills.  It may seem easier to send money than goats to Africa but in reality both types of charities are sending money.  They don’t…
  • Has the CRA Called Your Charity?

    Bill Kennedy
    28 Jul 2014 | 1:27 pm
    The Canada Revenue Agency (CRA) has received a lot of attention recently.  There are accusations of political interference.  The Federal Government has been accused of using CRA audits to stifle opposition in such areas as the environment and human rights.  But whatever your position on this issue, when the CRA calls, you have to put it aside.  A CRA audit is no place for a policy debate and the auditor who calls is just there to do a job.  You need to have your ducks in a row. What can the CRA do? If the CRA believes that your charity is not complying with the Income Tax Act, it can…
  • When There’s No Money Left in the Bank

    Bill Kennedy
    20 Jun 2014 | 12:49 pm
    This wonderful, pragmatic post by Joan Garry says it all.  What to do when you owe more than you have, when you go to the cupboard and it’s bare, when you can’t even make payroll. Accounting figures heavily in the list, of course.  Having a clear picture of the numbers.  Being honest with staff and the Board.  Doing projections and cash flow reports.  It’s all bread and butter to accountants. But there’s something that accountants often miss.  I don’t know how often I have sat in annual meetings and watched an accountant talk about the organization being…
  • 2014 Accounting Grads: A Challenge

    Bill Kennedy
    13 Jun 2014 | 5:55 am
    Yesterday was convocation at my son’s university.  Sitting watching all the Commerce grads, I remembered my own graduation, and the guy sitting next to me saying, “We’re done.  If I learn anything more in the rest of my life, it will be by accident!” Now, over 30 years later, I’m still learning.  Accounting is still an evolving profession, part art, part science.  We have not yet discovered how to capture a snapshot of a business on a piece of paper, in an understandable way, that allows different organizations to be compared by a reasonably informed…
  • Good News for Accounting Students

    Bill Kennedy
    5 Jun 2014 | 8:07 am
    Peter Paulson, from Ranstad USA, just forwarded me this infographic.  It confirms what I have seen elsewhere.  Simply put, more accountants are retiring than graduating, particularly in the audit field.  This is a bright spot in a world filled with economic bad news. What are you experiencing? The post Good News for Accounting Students appeared first on Energized Accounting.
  • add this feed to my.Alltop

    The Accountancy Partnership

  • Only half of UK’s small businesses survive more than five years

    kbilby
    19 Dec 2014 | 1:19 am
    According to research conducted by the RSA insurance group, less than 50 per cent of small companies are surviving for five years or longer. The data indicated that just 45 per cent of small companies that had started in 2006 lasted to their fifth year. The study revealed that if a company launched during the recession, it was even less likely to survive, with only 75 per cent of companies started in 2008 making it to the two year anniversary. The businesses that had started in 2006 were slightly more successful, with 80 per cent making it to their second year. Figures from the study reveal…
  • Taxman clamps down on construction industry

    kbilby
    18 Dec 2014 | 1:43 am
    Task forces for HM Revenue & Customs (HMRC) have increased revenues from the construction industry by seven per cent. HMRC is challenging those construction companies in the UK that pay their workers as though they are self employed, when they should in fact fall within the Pay As You Earn banner under HMRC employment status guidelines. More than £130 million has been recovered by HMRC task forces so far. In April 2015, new legislation will come into force, making it compulsory for construction companies to provide a report each quarter to confirm that employment status has been checked,…
  • HMRC tackles fuel laundering with new diesel dye

    kbilby
    15 Dec 2014 | 2:53 am
    The illegal trade of fuel laundering is set to be abolished next year, as a new diesel dye is to be introduced by HM Revenue & Customs (HMRC). The illegal use of red diesel costs the UK £80 million in unpaid duty. The dye is removed from red diesel by fuel launderers, so that it can’t be easily traced in roadside checks. Red diesel is only intended to be used for agricultural vehicles, like tractors. However, it is often used illegally for regular vehicles in place of standard diesel, as it is cheaper. The new dye is virtually impossible to remove from red diesel, and will…
  • Small businesses challenged for VAT by HMRC

    kbilby
    12 Dec 2014 | 3:55 am
    Compliance investigations conducted by HM Revenue & Customs have resulted in 10 per cent extra VAT being secured from small businesses. An extra £3.9bn has been collected this tax year, in comparison to a total of £2.2bn being collected during 2010-11. According to UHY Hacker Young, HMRC has increased challenges to small business VAT arrangements in an aim to increase tax receipts. The accountancy group claims that various companies and organisations have been targeted by HMRC, making it difficult to reclaim VAT and challenging VAT arrangements that are already in place. UHY Hacker…
  • Citizens Advice Bureau issues tax return reminder

    kbilby
    11 Dec 2014 | 7:43 am
    The Citizens Advice Bureau and tax advisors across the UK are urging taxpayers to complete their 2013-14 returns ahead of the deadline, in order to avoid being charged penalties. A reminder has also been issued not to submit a paper tax return, as the deadline of 31st October has now passed. Sending a paper return to HMRC will result in an automatic penalty being issued. If you have missed the deadline for a paper tax return, you can still complete and file the document online before 31st January 2015. Tax returns have to be submitted on time, or an instant penalty will be issued of £100.
 
  • add this feed to my.Alltop

    The Cheap Accountants

  • Could new VAT regulations threaten micro businesses?

    admin
    18 Dec 2014 | 3:17 am
    In the last few years more and more small businesses have turned to the online world to sell their products. However, the EU is set to cause problems for this microbusiness internet commerce with the introduction of its new EU VAT regulations that will come in to affect from January. Micro-businesses are protesting against the new VAT laws as they believe it could force them to reconsider trading in Europe. From the 1st January 2015 EU VAT will be charged in the country where the products are bought as opposed to the country where they are sold. However, this legislation applies to digital…
  • Managing your small business success

    admin
    15 Dec 2014 | 5:34 am
    As the owner of a small business you should be running things, not letting your business run you. Unfortunately, in some cases and more often than not, the excitement of new customers, business interests and expansion means taking time to breathe seems like the last priority on your list. It was your idea to set up a business and therefore you should b e spending all your time on making it a success, right? Wrong! Regardless of the industry that you are in, detailed planning and the right perspective for your business is vital for growing in a sustainable way. We have put together a list of…
  • UK small businesses lack fast broadband

    admin
    9 Dec 2014 | 7:42 am
    Ofcom is the UK’s communication regulator and has started work on improving broadband connections for the UK’s small and medium sized enterprises (SMEs) According to Ofcom almost half of the UK’s small and medium sized businesses lack access to super fast broadband Ofcom has stated that the availability of super fast broadband based on superfast services from Virgin Media and BT was lower for businesses than for residential premises. At the national level, only 56 per cent of SMEs have access to super fast broadband compared with 75 per cent of UK premises overall. Ofcom has reported…
  • Our top tips for growing your small business!

    admin
    8 Dec 2014 | 4:08 am
    Create! – Always look forward to what is the next step in your business. Being innovative and creative is the key to both progress and success. You must continually involve your client’s needs and desires to keep you above your competitors. Creativity is the most important aspect of being in business, it keeps not only your customers interested but also yourself. Refresh your products – This ties in with being creative, are your products/services still as attractive as they were in the beginning? What could you change to make them just as exciting to both old and new customers?
  • How can a small business improve its growth prospects?

    admin
    25 Nov 2014 | 3:48 am
    UK businesses are becoming increasingly micro in size as they struggle to expand. A business with less than 10 employees is classed under the micro size category. This category is the only one to have increased its share of the UK business stock since 2000. Data has revealed that there has been a large downward trend in business survival rates and over half of small businesses don’t make it beyond their first five years. With this in mind, is the government doing enough to nurture these young ventures? Government action According to a recent study many small business leaders describe…
  • add this feed to my.Alltop

    Jetpack Workflow » Blog

  • Mastering Workflow for Accountants and CPA’s: The Damien Greathead Interview

    Jetpack Workflow
    8 Dec 2014 | 5:06 am
    This week we’re excited to announce our interview with Damien Greathead, VP of Business Development at Receipt Bank and previous Director of Operations at the 2020 Group USA. In this interview, we cover: + The biggest mistakes Firms make when defining workflow + How to mind map and sketch out an ideal workflow + How Firms can gain a... Read more » The post Mastering Workflow for Accountants and CPA’s: The Damien Greathead Interview appeared first on Jetpack Workflow.
  • How to Bring in Clients Through ROI Driven Marketing: The Nate Hagerty Interview

    Jetpack Workflow
    1 Dec 2014 | 6:11 am
    This week we’re excited to announce our interview with Nate Hagerty, marketing expert and owner of Tax Pro Marketer ( http://taxpromarketer.com/ ) This interview is jammed pack with actionable insights and specific tactics on how you can (finally) build a marketing system that brings in (and nurtures) leads. In this interview, we cover: + Why (and how)... Read more » The post How to Bring in Clients Through ROI Driven Marketing: The Nate Hagerty Interview appeared first on Jetpack Workflow.
  • How to move into Value Based Billing, Going Paperless, and “Flat” CPA Firms? The Jason Blumer Interview

    Jetpack Workflow
    25 Nov 2014 | 4:32 am
    This week we’re excited to announce our interview with Jason Blumer, Chief Innovation Officer at Blumer and Associates and Founder of Thriveal CPA’s In this interview, we cover: + How and why Jason moved away from the traditional firm model + How he implemented a paperless process in his firm + How he picked his niche... Read more » The post How to move into Value Based Billing, Going Paperless, and “Flat” CPA Firms? The Jason Blumer Interview appeared first on Jetpack Workflow.
  • How to Add 6 & 7 Figure Profit Centers and Avoid Client “Comparison Shopping”: The Chris Ragain Interview

    Jetpack Workflow
    18 Nov 2014 | 5:25 am
    This week we’re excited to announce our interview with Chris Ragain, Managing Director of Ragain Financial and Founder of LedgerSync. This interview is jammed packed with insights on: How to niche down and build referral partners How defining a niche helped Chris transform his marketing dollars into real ROI How he’s been able to grow... Read more » The post How to Add 6 & 7 Figure Profit Centers and Avoid Client “Comparison Shopping”: The Chris Ragain Interview appeared first on Jetpack Workflow.
  • How to Launch and Scale Your Firm: The Ryan Watson Interview

    Jetpack Workflow
    11 Nov 2014 | 1:43 pm
    This week we’re excited to release our interview with Ryan Watson, Principle of Upsourced Accounting and Co-Founder of Sqrl. In this interview, we cover: + Why (and how) Ryan launched his firm, Upsourced Accounting + Early mistakes when landing his first clients + Major marketing mistakes he made early on + How they were able... Read more » The post How to Launch and Scale Your Firm: The Ryan Watson Interview appeared first on Jetpack Workflow.
  • add this feed to my.Alltop

    Forensic Perspectives

  • Cross-Examining a Financial Expert – Part I

    Mark S. Gottlieb
    25 Nov 2014 | 6:58 am
    We’ve seen it in the movies. A cross-examination where an attorney seeks to identify weaknesses in an opposing side’s conclusions by questioning a witness. Often an entire case can hinge on a cross-examination. As opposed to direct examination, where the exchange between lawyer and witness is warm and fuzzy, cross-examination is often hostile. In financial litigation, expert witnesses are often certified forensic accountants. If the opposing side is using a forensic accounting expert as a witness, it is important to retain one as well. In their role as a litigation support analyst, the…
  • Understanding Risk in Business Valuation

    Mark S. Gottlieb
    31 Oct 2014 | 7:31 am
    Much has been written about valuing a closely-held business. A frequent topic discussed is the income approach and the application of the valuation multiple to a normalized income stream. The valuation multiple (also called capitalization rate) is comprised of a many factors, including the company’s specific risk. Risk is an expression of the business valuation analyst’s judgment, as no database can exist to measure the company-specific risk drivers. The valuation expert must identify these drivers and judge their magnitude in order to estimate the additional rate of return the market…
  • Transfer Pricing and Related Valuation Issues

    Mark S. Gottlieb
    30 Oct 2014 | 10:49 am
    When one person sells something to another person, it is usually assumed that the seller tried to get a fair price. Typically, that price is set by the laws of supply and demand in a market economy. However, when the people involved in the transaction are related in some way, the game changes. For this reason, often transactions between related parties aren’t really reflective of the actual worth. This is why, in home appraisals for example, only arm’s length transactions are considered. This same principle applies in the business world. Unfortunately, when a price is not reflective…
  • Top 10 Things Attorneys Need at the Start of Matrimonial Action

    Mark S. Gottlieb
    30 Oct 2014 | 8:38 am
    After children, financial matters are often the most difficult thing to address during a divorce. Gathering important financial documents at the start of a divorce proceedings can help lower the stress and confusion for counsel and their clients. To help you through the process we have compiled the list below: #1 Certified Copies of Business & Personal Income Tax Returns Most tax preparers utilize computer software to prepare income tax returns; this produces three different versions of the tax return: the government (or filing) copy, the client copy, and the preparer’s copy. The filing…
  • Lifestyle Analysis

    Mark S. Gottlieb
    30 Oct 2014 | 7:21 am
    Go through financial documents in a divorce is a task that many wish to avoid, though it is a necessary evil.  This exercise is called a Lifestyle Analysis. Years ago it was common for one spouse to seek large monthly support, the other spouse to plea a fraction of that, and the court to “split the pie in half.”  Today the court is equipped to understand how the couple’s lifestyle relates to support determination.  In fact, this process not only identifies the ordinary living expenses, it also identifies unusual, occasional, seasonal, and non-recurring expenses. Today this analysis…
 
Log in