Accounting

  • Most Topular Stories

  • Amazon to expand its lending arm across the UK

    The Cheap Accountants
    admin
    2 Jul 2015 | 1:56 am
    Ecommerce giant Amazon is one of the world’s leading online retailers and is soon to attract even more attention as it prepares to delve into the UK moneylending market. This week the company announced that it will be opening up opportunities for small businesses across the country to take advantage of its popular short-term working loan provision. What is Amazon Lending? The Amazon Lending arm is not a brand new concept, in fact, it is a scheme that has been rolled out across Japan and the US since 2012. The scheme follows in the footsteps of PayPal’s Working Capital and US service,…
  • Effects of tax avoidance | is tax planning good or bad?

    Investment & Small Business Accountants
    chinweike
    1 Jul 2015 | 1:01 pm
    INTRODUCTION The effects of tax avoidance has always been in the news. HSBC happens to be the most recent company accused of engaging in an unacceptable tax planning scheme that has made the company pay little tax in the UK where most of its operations are run from. No one will be happy if what […]The post Effects of tax avoidance | is tax planning good or bad? appeared first on Investment & Small Business Accountants.
  • Employment grew by 223,000 jobs in June

    CPA Letter Daily
    2 Jul 2015 | 6:17 am
    U.S.  -More- Independence Day Savings Get 15% off your next AICPA Store purchase with promo code HAPPY4TH. This limited time offer is only valid on orders placed before July 7, 2015. Shop now and save!
  • Video Podcast: Top Tips for Creating Tax Alpha

    Financial Planning Digest
    2 Jul 2015 | 9:41 am
    Each week in the month of July, we will bring you a special video podcast on the top financial planning strategies to conside -More- 
  • Tech Trends 2015: A public sector perspective

    Deloitte Global headlines
    12 Jun 2015 | 4:38 am
    Deloitte's latest public sector technology trends report examines eight current technology trends shaping the future of government today. The implications range from new approaches to application programming interfaces to the dramatic impact that connectivity and analytics are having on digital interactions with citizens. Within government, the effects span the evolving role of the public sector CIO to changing IT skill sets and delivery models, and beyond.
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    CPA Letter Daily

  • Employment grew by 223,000 jobs in June

    2 Jul 2015 | 6:17 am
    U.S.  -More- Independence Day Savings Get 15% off your next AICPA Store purchase with promo code HAPPY4TH. This limited time offer is only valid on orders placed before July 7, 2015. Shop now and save!
  • Companies can build engagement by discussing health insurance

    2 Jul 2015 | 6:17 am
    Research suggests that company-sponsored health insurance is a valuable perk that companies can use to strengthen engagement  -More- Get the latest DIVERSITY and INCLUSION news with the Inclusion Solutions newsletter! The AICPA's Inclusion Solutions monthly newsletter includes best practices in diversity and inclusion, and promotes workforce engagement. Help position the profession as a leader in inclusion. Make sure everyone is PRESENT and ACCOUNTED FOR. Get a free subscription today!
  • Help your small-business clients create a system for record keeping

    2 Jul 2015 | 6:17 am
    Good record-keeping preparation and planning can give clients a better handle on their overall financial position, make tax p -More- 
  • What should audit committee disclosures include?

    2 Jul 2015 | 6:17 am
    The way audit committees oversee independent auditors is evolving, according to Securities and Exchange Commission Chair Mary -More- 
  • 6 tips for becoming a thought leader on LinkedIn

    2 Jul 2015 | 6:17 am
    The rising prominence of social media makes becoming an influencer much easier than it once was.  -More- 
 
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    Deloitte Global headlines

  • Tech Trends 2015: A public sector perspective

    12 Jun 2015 | 4:38 am
    Deloitte's latest public sector technology trends report examines eight current technology trends shaping the future of government today. The implications range from new approaches to application programming interfaces to the dramatic impact that connectivity and analytics are having on digital interactions with citizens. Within government, the effects span the evolving role of the public sector CIO to changing IT skill sets and delivery models, and beyond.
  • Fostering successful international deployments

    12 Jun 2015 | 4:38 am
    While the challenges of international assignments can be daunting, they have the potential to create winners all around.
  • 2015 Q1 Global CFO Signals™

    12 Jun 2015 | 4:37 am
    While levels of uncertainty are on the rise, many CFOs have the opportunity and the wherewithal to focus on corporate growth. And judging by the results of the 17 countries reporting in the 2015 Q1 edition of Global CFO Signals, they intend to take full advantage.
  • PPP award success

    12 Jun 2015 | 4:36 am
    Financial Adviser of the Year
  • Making an impact that matters

    12 Jun 2015 | 4:34 am
    Deloitte is led by a purpose: to make an impact that matters. This purpose defines who we are. It endures—transcending the everyday and binding us together. It gives us our reasons to exist. These stories of purpose are some of the ways Deloitte makes an impact that matters around the world. Click on any of the images below to learn more.
 
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    Accounting News and Notes

  • Are You Waiting by the Phone for Your CPA to Call?

    John Dillard
    23 Jun 2015 | 8:16 am
    Are You Waiting by the Phone for Your CPA to Call? It’s Time to Upgrade to a CPA Who is Smoking Hot Fast   When REAL Results Matter… And Your Time is Important Upgrade Your CPA Services to a Virtual CFO
  • When Your Money is IMPORANT…Hire a CPA

    John Dillard
    22 Jun 2015 | 11:08 am
    When Your Money is IMPORANT…Hire a CPA Be Sure You Work With a Tax Professional Who is a LICENSED CPA. Be Sure You Work With Someone Who Works as HARD as You Do To Help You Keep Your Tax Bill as Low as Legally Possible Your Future Depends on It! Make it a GOOD One!
  • If You Want to See an Alien Go Look in the Mirror

    John Dillard
    22 Jun 2015 | 5:45 am
    If You Want to See an Alien Go Look in the Mirror Avoiding Feel Good Theology…You Don’t Want to Miss the Road to Heaven   I believed for years I could dunk a basketball and it did not work….even when I was MUCH younger. Similarly there are many even on TV who are widely known and followed who often teach more about “the feel” of religion rather than “the real.” I am sure Christ never wished for the cross but it was His Journey and He accepted it. He hated the idea of it GREATLY so much that he sweated blood at its eminence. For Christ knew what many “feel good…
  • The 3 Levels of Christian Friendship

    John Dillard
    19 Jun 2015 | 8:32 am
    The Thee Levels of Christian Friendship –Mentors. People I hang out with others who are better than me and from them I can gain wisdom and understanding with them becoming my confidant to whom I seek to hang out with AND LEARN as much as possible. –Peers who become true life time friends who are on the same track as I am. Certainly ALL Believers and People to Whom I can Be accountable to and with. –Mentees’/People I Witness To (Yes I know that is a new word ;0)) These are people who I hope one day might become friends and part of my peer group but they may not for we…
  • We are here and READY to Serve with MORE Than Enough Wisdom and Understanding of YOUR REAL Business Needs to Make an IMMEDIATE Difference.

    John Dillard
    19 Jun 2015 | 7:52 am
    We are here and READY to Serve with MORE Than Enough Wisdom and Understanding of YOUR REAL Business Needs to Make an IMMEDIATE Difference. Awards & Achievements Just Some of our MANY Happy Clients Local Press…Taking God With Us to Work ;))
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    NJCPA Exam Cram Blog

  • Date Pushed Back

    Conor Higgins
    1 Jul 2015 | 10:10 am
    It's been awhile since my last post since I visited some friends up in Boston the past couple of days. Before I left for the weekend, I decided to push the date of the exam back 5 days to July...
  • T-Minus 2

    Jeremy Kaye
    29 Jun 2015 | 10:34 am
    It's almost test day! I will be sitting for FAR on Wednesday, July 1 at noon. I have still been studying just as hard as I was at the beginning of my studies. For the past few days, I have...
  • 10 Days Away from the first Exam!

    Alexa DellCioppia
    26 Jun 2015 | 12:31 pm
    Hi All, My first exam is scheduled for July 6 which means that we are approximately 10 days away from exam day! I finished the review course for FAR and have been doing self-study type work for the past week....
  • Falling behind this week

    Joseph Hark
    26 Jun 2015 | 10:30 am
    This week I was supposed to complete 2 chapters on the Becker software and am about to finish the first chapter, meaning that I have alot to catch up on this weekend. I had planned on spending my two days...
  • Ready...Set...Test

    Jeremy Kaye
    25 Jun 2015 | 7:17 am
    My NTS has finally arrived. By some miracle I was able to schedule an exam for next Wednesday (July 1). I was also able to schedule the other 3 exams as well for later this summer. Now that I have...
 
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    AccountingCoach

  • What are accounting ratios?

    AccountingCoach.com
    25 Jun 2015 | 5:33 am
    Accounting ratios (also known as financial ratios) are considered to be part of financial statement analysis. Accounting ratios usually relate one financial statement amount to another. For example, the inventory turnover ratio divides a company’s cost of goods sold for a recent year by the cost of its inventory on hand during that year. For a company with current assets of $300,000 and current liabilities of $150,000 its current ratio is $300,000 to $150,000, or 2 to 1, or 2:1. This ratio of 2:1 can then be compared to other companies in its industry regardless of size or it can be…
  • What are sundry expenses?

    AccountingCoach.com
    24 Jun 2015 | 12:22 pm
    In accounting and bookkeeping, sundry expenses are expenses that are small in amount and do not occur often. Since these items are not significant, a company might use one general ledger account with the title Sundry Expenses for recording the debit amounts. If some items recorded in Sundry Expenses begin to occur frequently and/or become significant, the related amounts should be transferred to a new separate general ledger account. Sundry expenses could also refer to a line on a company’s income statement. Often it includes the combined total of several (or many) expense accounts that…
  • What are departmental overhead rates?

    AccountingCoach.com
    23 Jun 2015 | 7:40 am
    Departmental overhead rates are used by many manufacturers instead of using a single, plant-wide overhead rate. The reason for departmental overhead rates is that a manufacturer is likely to produce many diverse products which use different processes (each of which has different costs). To illustrate, let’s assume that a manufacturer has three operations with each occurring in a separate department: Dept #1 uses a large, sophisticated machine having a cost of $900,000 Dept #2 uses a small $40,000 machine to refine the products coming out of Dept #1 Dept #3 is an additional, optional…
  • What is a predetermined overhead rate?

    AccountingCoach.com
    22 Jun 2015 | 8:02 am
    A predetermined overhead rate is often an annual rate for assigning or allocating indirect manufacturing costs to the goods it produces. Manufacturing overhead is allocated to products for various reasons including compliance with U.S. accounting principles and income tax regulations. A predetermined annual overhead rate is likely computed shortly before the start of the accounting year in which it will be used. The computation of the rate is 1) the budgeted amount of manufacturing overhead for the upcoming year divided by 2) the budgeted or normal number of machine hours (or some other…
  • What are production costs?

    AccountingCoach.com
    10 Jun 2015 | 8:27 am
    In managerial accounting and cost accounting, production costs are the direct materials, direct labor, and manufacturing overhead used to manufacture products. The production costs are also referred to as manufacturing costs, product costs, a manufacturer’s inventoriable costs, or the costs occurring in the factory. Production costs are often classified as direct or indirect product costs. For example, direct materials and direct labor are direct product costs because they can be easily and economically traced to the products being manufactured. On the other hand, manufacturing overhead…
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    CPA Success

  • SCOTUS gay marriage ruling: What it means for CPAs and their clients

    28 Jun 2015 | 6:00 am
    Unless you’ve been living under a rock, you know by now that the Supreme Court has ruled it’s unconstitutional for states to ban same-sex marriage. In effect, the ruling legalizes gay marriage in all 50 states. What you might not know is that the ruling has lots of implications for CPAs. A slew of services — from tax preparation to health care to financial planning to employee benefits — are being re-examined in the wake of the ruling. Thankfully, it didn’t take long for the financial advice to start flowing. Here is just a sampling of the guidance that has…
  • MACPA Members Identify Top Challenges at Annual Meeting / Town Hall

    21 Jun 2015 | 3:07 pm
    MACPA members identified their top issues at last week's final town hall. over three hundred CPAs with an average of 20.7 years of experience came to hear the latest updates about the CPA Profession and MACPA and welcome the Association's newly-elected leadership. Thanks to our major sponsors, Sage, Wolters Kluwer, Avalara, CPA.COM, Citrix Sharefile, BB&T, AON, and Microsoft whose support makes these meetings possible. Slides 4 thru 8 in the slideshare deck below cover the polls from the meeting. The town hall follows our "future ready" framework and covers four major categories, 1)…
  • Wolters Kluwer and the future of accounting

    19 Jun 2015 | 8:47 am
    As we gear up for the MACPA’s annual CPA Summit on June 23, we thought this would be a perfect time to have a conversation about the future with some of the Summit’s most forward-thinking sponsorship partners. We asked each of them to give us their thoughts on the trends that are impacting the profession, the changing role of CPAs, and how their relationships with CPAs might be changing as a result. We'll be featuring their answers here over the next few days. Joining the conversation today is Shari Dodgen, director of Strategic Relationships and Professional Marketing, Tax and…
  • TriBridge Partners and the future of accounting

    17 Jun 2015 | 5:00 am
    As we gear up for the MACPA’s annual CPA Summit on June 23, we thought this would be a perfect time to have a conversation about the future with some of the Summit’s most forward-thinking sponsorship partners. We asked each of them to give us their thoughts on the trends that are impacting the profession, the changing role of CPAs, and how their relationships with CPAs might be changing as a result. We'll be featuring their answers here over the next few days. Joining the conversation today is Paul Younkins, founding principal and senior consultant at TriBridge Partners. 1. We all…
  • Citrix ShareFile and the future of accounting

    16 Jun 2015 | 7:25 am
    As we gear up for the MACPA’s annual CPA Summit on June 23, we thought this would be a perfect time to have a conversation about the future with some of the Summit’s most forward-thinking sponsorship partners. We asked each of them to give us their thoughts on the trends that are impacting the profession, the changing role of CPAs, and how their relationships with CPAs might be changing as a result. We'll be featuring their answers here over the next few days. Joining the conversation today is Adrian Phillips, senior product marketing manager with Citrix ShareFile. 1. We all know…
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    CPA Trendlines

  • Sailing Through the Seven C’s to Partnership

    CPA Trendlines
    2 Jul 2015 | 1:02 am
    Competence comes first. But it's only a prerequisite. BONUS WORKSHEETS: 11 Questions to Plan Your Path to Partnership By Martin Bissett Passport to Partnership Staffers aspiring to be partners must learn the key characteristics of successful partners. They also must learn how to develop their own personal plans to achieve partnership. Firms and staffers alike need […] The post Sailing Through the Seven C’s to Partnership appeared first on CPA Trendlines.
  • The First App-First CPA Firm

    CPA Trendlines
    1 Jul 2015 | 11:10 am
    L.A. CPA Derek Davis left the Big Four to launch a smartphone app, even before renting an office for his new firm The post The First App-First CPA Firm appeared first on CPA Trendlines.
  • Single-Owner Firms Trail Bigger Competitors in Tax Prep

    CPA Trendlines
    1 Jul 2015 | 2:54 am
    Analysis shows smaller firms having the most trouble. CPA Trendlines Research This year's busy season was a tough one for America’s tax preparers. CPA Trendlines’ surveys reveal a panoply of gripes from sea to shining sea: Affordable Care Act problems. New regulations problems. Computer problems. Client problems. Even health problems and weather problems seemed worse. […] The post Single-Owner Firms Trail Bigger Competitors in Tax Prep appeared first on CPA Trendlines.
  • Use Others to Promote Your Protégée

    Beth Bellor
    1 Jul 2015 | 2:00 am
    9 ways to help her be more visible and get better assignments. By Ida O. Abbott Sponsoring Women: What Men Need to Know Promoting your protégée to others is an important part of sponsorship. MORE ON SPONSORING WOMEN FOR LEADERSHIP: 8 Ways Sponsors Can Highlight Opportunities | 17 Ways Sponsors Can Help Protégées What Sponsors […] The post Use Others to Promote Your Protégée appeared first on CPA Trendlines.
  • Why Even The Best and Biggest CPA Firms Are Losing Their Best and Brightest Talent

    CPA Trendlines
    30 Jun 2015 | 10:06 pm
    L.A. CPA Derek Davis left the Big Four to launch a smartphone app, even before renting an office for his new firm The post Why Even The Best and Biggest CPA Firms Are Losing Their Best and Brightest Talent appeared first on CPA Trendlines.
 
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    Big4.com Blog

  • Planning for a smooth C-Suite maternity leave

    30 Jun 2015 | 4:37 am
    By Rob Starr, Big4.com Content Manager Getting and staying ahead of the curve has always been an excellent recipe for success for any top performing executives. For those women who have reached the apex of their careers, understanding what needs to be done before, during and after they have a child is an extra ingredient that has the potential to jog their career trajectory without the right preparation. Suz Graf O'Donnell understands this unique pressure better than most. As a mid-career ...Keep on reading: Planning for a smooth C-Suite maternity leave
  • Capgemini announces collaboration to bring scattered silos together

    25 Jun 2015 | 3:42 pm
    By Rob Starr, Big4.com Content Manager ...Keep on reading: Capgemini announces collaboration to bring scattered silos together
  • Are You and Your Clients Ready for the API Economy?

    19 Jun 2015 | 1:46 pm
    Alan Radding, Big4.com guest blogger Your own book is the best way to build a consulting practice; ask me about ghostwriting your book Notice what has happened to the lowly application programming interface (API)? Once considered just one of many components of a SOA effort, the API has been elevated to a strategic tool, the foundation for the API economy. Are your clients prepared to compete in the API economy and are you prepared to help them get there? APIs widely used for Cloud developme...Keep on reading: Are You and Your Clients Ready for the API Economy?
  • The no-fluff guide to REALLY making your LinkedIn profile pay its way

    19 Jun 2015 | 12:28 am
    Is your LinkedIn profile doing you justice? Is it getting you the new business and opportunities you deserve? This article, by Heather Townsend, looks at how to get your LinkedIn profile to earn its keep. Given the amount of contrasting advice on the internet about what needs to go in your LinkedIn summary, it is any wonder that so many people get it so wrong. Despite what many people think, your LinkedIn summary (and profile in general) is NOT your online CV nor is it an optional box you...Keep on reading: The no-fluff guide to REALLY making your LinkedIn profile pay its way
  • Accenture launches seven advanced analytics applications for the financial services industry

    18 Jun 2015 | 4:19 pm
    By Rob Starr, Content Manager, Big4.com Accenture (NYSE: ACN) has come out with seven advanced analytics applications designed for the financial services industry. They include offerings for the  banking and insurance companies and are designed to  simplify analytics decision-making . Edwin Van der Ouderaa, managing director, Financial Services -- EALA, Accenture Digital, provided an overview of the new products that are configured through The Accenture Analytics Applications Platform. &...Keep on reading: Accenture launches seven advanced analytics applications for the financial…
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    Success Starts Here

  • Why I Chose McGladrey

    Bailey Ribich
    19 Jun 2015 | 7:01 am
    Mollie Heins, HR Generalist Minneapolis, MNI first heard of McGladrey while in college. I was living in Fargo, ND at the time, attending NDSU where I earned my bachelor’s degree in business management with a focus in Human Resources. A friend from college had accepted an accounting internship at McGladrey. I was so proud of her we had to go out and celebrate over dinner at the Olive Garden, our favorite restaurant. As I helped her pack for her big move to Minneapolis, I knew I wanted to do the same… and made the move in 2011.A few years, and a few job experiences later, I was looking…
  • Getting To Know All About You - Taking A Deep Dive With One Of Florida's Best And Brightest

    Bailey Ribich
    19 May 2015 | 7:44 am
    By Jill Redavid-Talent AcquisitionInterview with David Luker, Risk Advisory Services Manager, Melbourne, FLMeet David Luker, CPA.  He is a Construction Risk Advisory Services Manager in our Melbourne office.  David is a graduate of Auburn University (Bachelor’s and Master’s degrees in Accounting), and has already achieved a great amount of success in his young career, including becoming a 2014 40 Under 40 honoree.  Read below to learn more about David personally and professionally...How did your career with McGladrey begin?I was actually doing audit and tax for an alliance…
  • 3 Quick Questions: Perspective From Each LOB in Baltimore

    Bailey Ribich
    11 May 2015 | 10:18 am
    by Julie Reahl, Talent Acquisition Sourcing Specialist, Baltimore, MDTAX: Alex Akhaminov, Tax Manager1.Why did you choose McGladrey? I chose McGladrey because it was a bigger office with a large tax practice. Also, I knew I would be working with good clients and good people. I knew a few people who already worked here, so I got to ask them what McGladrey was all about.2.What makes you stay at McGladrey?I work with a great group of people!3.What is unique about Baltimore’s Tax group?We are a group of normal people. We are not “nerds,” and we can talk about stuff other than…
  • Laughing While You Work

    Bailey Ribich
    6 May 2015 | 11:54 am
    Meghan HoustonTalent Acquisition SpecialistMcLean, VAWhat makes your firm different? I hear this question every day when I am speaking with candidates about different job opportunities with McGladrey. Whether the individual is interested in Audit, Tax, or Consulting (our three Lines of Business) my answer is always the same: it’s the people.In fact, when I had five offers on the table nearly three years ago, I chose McGladrey for this specific reason. I knew I wanted to do recruiting, and I knew what I did not want. I did not want a chaotic environment with toxic energy. Anyone that has…
  • I'm Not Just Doing My Job...

    Bailey Ribich
    28 Apr 2015 | 12:25 pm
    Ashley LawlerTalent Acquisition ManagerStamford, CTI'm a Recruiter. Have been for some time. Been at McGladrey for 3 years now, and I have a hard time wrapping my head around that because it's kind of flown by. I began here as a Sourcer, having taken time off to raise a family, and little did I know when I accepted the offer that I would soon know the difference between Internal and External Audit, c-corps vs s-corps, and exactly how many credits someone needs to sit for the CPA exam. To say I've learned a lot from the candidates with whom I speak would be quite an understatement - I still…
 
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    Jr Deputy Accountant

  • 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.
  • Yay for Gay!

    Jr Deputy Accountant
    26 Jun 2015 | 3:11 pm
    Good job, Supreme Court.
  • Economy Not Fixed Enough For You? A Little Plague Will Fix That

    Jr Deputy Accountant
    25 Jun 2015 | 5:52 pm
    Is the economy not fixed enough for your taste? Still feeling a little down about low or negative interest rates, global political chaos, lack of opportunity, falling purchasing power and overall economic malaise? Fear not, there's an easy solution to that: plague.Forgive me, but the link comes from my favorite guilty pleasure, the Daily Mail:It was the devastating pandemic that wiped out half of medieval Britain’s population.But the Black Death also had a surprising, and far more cheery, side-effect on our culture. It inadvertently gave rise to the birth of the English pub as we know it…
  • Forgive Me For Making Sense But the Confederate Flag Isn't Why Racism is a Problem in America

    Jr Deputy Accountant
    22 Jun 2015 | 4:54 pm
    So, some nutjob gunned down 9 churchgoers in South Carolina the other day as I'm sure most of you heard. That's tragic. What's more tragic is that the focus is now on pulling down Confederate flags instead of addressing the fact that 9 people fucking died. Truth is, the fucker would have snapped with or without a flag, so why the hell is everyone so fixated on the damn flag?Here's the thing -- you know what a flag is? A piece of fabric, strung together in some kind of recognizable pattern. Like the very dollar bills you have in your wallet now worth some arbitrary amount simply because we all…
  • The Fed Affirms Its Commitment to Being a Punk Ass Little Bitch

    Jr Deputy Accountant
    17 Jun 2015 | 11:36 pm
    You have to give the easy money whores some credit (haha credit, get it?!), at least they are committed to their punk ass bitchness. From the FOMC statement released yesterday: To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate. In determining how long to maintain this target range, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation. This assessment will…
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    One Accounting

  • Staff Clothes

    Chris Thomas
    24 Jun 2015 | 1:34 am
    f you provide clothes for your staff to wear at work you need to be aware of the tax and VAT implications which may vary according to the items provided. Where the items provided constitute a uniform or protective clothing which is needed to perform the job, the cost is tax deductible for the business and the VAT can be reclaimed. There is no taxable benefit in kind for the employee. If the clothes are not considered to be a “uniform” and can’t qualify as protective clothing, the tax treatment depends on whether the employees are permitted to keep the items. Where ownership…
  • Make the Best of Allowances

    Chris Thomas
    16 Jun 2015 | 1:54 am
    As the sole owner/director of your company you face a dilemma over how to extract income from that company. If you pay yourself a salary of more than £8,060 per year you will have to pay class 1 NIC at the rate of 12% on the excess pay above that threshold up to £42,385 pa. However,income tax is not due until your salary tops £10,600 (the value of your personal allowance for 2015/16). One solution is to take a salary of up to £8,060 and any further income as dividends of up to £30,892 pa (£34,325 gross including the 10% tax credit). This combination would mean a zero tax and NIC bill,…
  • Non-resident Capital Gains Tax

    Chris Thomas
    4 Jun 2015 | 6:31 am
    If you are involved with sales of UK residential property where the buyer or seller is tax-resident outside of the UK, you need to be aware of a new tax that came into effect on 6 April 2015: non-resident CGT (NR CGT). The NR CGT charge is applied at different rates according to whether the seller is a non-resident closely-held company, fund, individual, personal representative or trustee. It applies to gains made in the period from 6 April 2015 to the disposal date of the property, so a small amount of tax likely to be payable on property sales made in 2015/16. However, when such a sale is…
  • How to apply for your marriage allowance

    Chris Thomas
    27 May 2015 | 2:52 am
    If you are married or in a civil partnership, and born on or after 6 April 1935 you can now apply for the new marriage allowance. This is not an extra amount of tax free allowance, but a transfer of £1,060 of unused personal allowance from one spouse or civil partner to the other. It will save the couple tax of £212 for 2015/16. The marriage allowance can only be claimed where one person has unused personal allowance and the other partner/spouse is taxed at no more than 20%. The transferred allowance is treated as belonging to the recipient for the whole of the tax year for which it is…
  • Auto-enrolment Exemptions

    Chris Thomas
    18 May 2015 | 6:01 am
    Have you received a letter from The Pension Regulator (TPR) telling you to “ACT NOW” to prepare for auto-enrolment? The letter gives you just a few weeks to nominate a contact to receive communications about auto-enrolment, with the threat of fines or prosecution if you don’t take action. The “staging date” for your business will be stated in the letter. This is the date by which you must have a pension scheme ready for your employees to join, if you do indeed need one. A large number of small companies will be exempt from auto-enrolment, if they don’t…
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    JonathanMilligan.com

  • Your 90 Day Game Plan to Crushing Your Goals this Quarter

    Jonathan Milligan
    29 Jun 2015 | 8:32 am
    A Life-Changing, Business-Altering Goal Setting Plan Are you happy with your current level of productivity? If not, I want to deliver over to you a life-changing, business-altering plan you can begin using today. The one single factor that has contributed the most to my productivity is the 90-day goal setting process. If you are not accomplishing everything you’d hope to, it comes down to two reasons: lack of clarity and daily broken focus. Clarity for me comes through setting out in a very clear direction for the next 90 days. It’s hard for us to get clear on two and five year…
  • 5 Principles for Working Less and Living More

    Jonathan Milligan
    22 Jun 2015 | 8:16 am
    How to Avoid the Entrepreneur's Trap Is there a danger in loving your work too much? It wasn’t unusual for Thomas Edison to work 20 continuous hours during a 24 hour period. Many times, his 4 hours of rest came in the form of a nap on a couch where he worked. There’s even one recorded time period in which Edison worked for 72 straight hours without rest. Therein lies the tension. When work feels like play, why choose to do something else with your time? When you don’t have anything more compelling to do, you’ll always choose your work.Click To Tweet While I’m a…
  • Why You Need Both Discipline and Freedom to Do Great Work

    Jonathan Milligan
    15 Jun 2015 | 5:00 am
    Those who keep their options open, commit to nothing If I told you discipline and freedom go together nicely, would you believe me? If not, get ready for a mindset shift today. The truth is if you want to do great work, you are going to need both discipline and freedom. In the bestselling book Business Secrets from the Bible, Rabbi Daniel Lapin talks about the two meanings of the word “engraved” when referring to the 10 Commandments. Permanent or restrictive – The first meaning is “engraved or marked in a stone.” It is permanent and no eraser can remove it.
  • The Hidden Danger That Just Might Destroy Your Dreams

    Jonathan Milligan
    8 Jun 2015 | 7:11 am
    Why Subtle Laziness Leads to Sudden Scarcity What if I told you there was a hidden danger that has the potential to destroy your dreams? It’s a subtle danger. It’s not the type of danger you anticipate when watching movies (which my son calls the “jump scare”). This danger is subtle like a slow, moving tide. It’s subtle like when you close your eyes on the lazy river at the water park only to open them to be surprised at how far you’ve travelled. You wake up one day and realize just how far off course you really are. What is this hidden danger? It’s…
  • The Top 7 Ways I Use Evernote Everyday

    Jonathan Milligan
    20 May 2015 | 6:37 am
    How to Finally Start Using Evernote to Stress Less and Do More Have you downloaded Evernote, but have no idea what to do with it? My hope is for you to change that today. Have you ever stopped to think how much time you waste every week “looking” for things? In a few simple steps you can make Evernote your “external brain” which will allow you to stress less and get more done. While I have much to share about how I use Evernote, I want to start by explaining the top seven ways I use it everyday. If you are new to using Evernote, it might not be best to start out with all seven at…
 
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    Intuit News Central

  • New Tax Track at QB Connect 2015

    Amy Engler
    1 Jul 2015 | 6:15 am
    Are you getting ready for QuickBooks Connect? If not, you should be! This year’s QuickBooks Connect conference offers specifically designed sessions for tax and accounting professionals to help ensure your practice is future ready right now. At QuickBooks Connect, held November 2-4 at the San Jose Convention Center, you will have access to thought leaders who will provide you with the tools and insights you need to prepare you for the changes impacting the tax industry, deliver better outcomes for your clients, and find new ways to grow and build your practice and your network. Here are…
  • How to Become a “Firm of the Future”

    Jim McGinnis
    1 Jul 2015 | 6:00 am
    In this competitive, demanding, technology-driven world, firms will have to change the way they are doing business. Plain and simple, they need to be a Firm of the Future that goes beyond the norm barriers, seizes opportunities and rises to the top. Is your practice a Firm of the Future? Are you ready to face what’s ahead? Let’s find out through these 3 steps: Step 1: Get on the Cloud In the cloud, you can meet client expectations, stay relevant through improved efficiency, achieve greater collaboration, realize more time savings and lower your costs. Despite the public’s preconceived…
  • Insightful Accountant’s “QB Talk” for July: Working with Payroll in QuickBooks®

    Bryan Cytron
    1 Jul 2015 | 6:00 am
    Insightful Accountant is running a series of web seminars – “QB Talk” – from  April-August 2015, with each one taking place the second Wednesday of each month at 1 pm ET and again at 6 pm ET. Building off the insight and vision from the QuickBooks ecosystem, the series is designed to help accountants and QuickBooks ProAdvisors build a better practice and be a better advisor to their clients through tips, tricks and updates on all-things QuickBooks. This month’s web seminar on Wednesday, July 8, is “Working with Payroll in QuickBooks.” Each webinar…
  • QuickBooks® Accounting July 2015 Newsletter

    Scott Cytron
    1 Jul 2015 | 6:00 am
    In Focus: Firm of the Future How to Become a “Firm of the Future” Are you ready to face what’s ahead? Learn how to change the way you’re doing business by becoming a Firm of the Future, Intuit’s initiative that helps you expand your practice in new and innovative ways. Jim McGinnis, Vice President, Intuit Accountant and Advisor Group, offers 3 steps for success. More From Jim Visit FirmoftheFuture.com for resources and to find out more about a special contest; first prize is a trip to Hawaii. Using Social Media to Build Your Practice LinkedIn, Facebook or…
  • Supreme Court Rules Marriage Equality in All States, Further Simplifying Tax Preparation for Same-Sex Couples

    Stephanie Friswell
    30 Jun 2015 | 6:15 am
    Good news for same-sex married couples! On Friday, June 26, the Supreme Court ruled for marriage equality in all 50 states, finding that state bans on same-sex marriage are unconstitutional. Now, millions of Americans living in the remaining 13 states that currently prohibit same-sex marriage will be able to marry and file their taxes as a married couple. This will simplify the tax preparation process and enable them to take advantage of tax benefits reserved for married couples. Currently, most states already recognize same-sex marriages, and legally married same-sex couples are allowed to…
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    AICPA Insights

  • 6 Tips for Becoming a Thought Leader on LinkedIn

    Guest Blogger
    1 Jul 2015 | 4:00 am
    With the rising prominence of social media, becoming an influencer isn’t as hard as it once was. Social media levels the playing field, giving everyone an outlet to speak their minds. In the past, LinkedIn had a restricted number of users permitted to publish articles to LinkedIn Pulse. These elite few were named Influencers. Recently, however, LinkedIn has opened this experience to anyone with an account, calling it Long-Form Post Publishing. Taking advantage of long-form posting can establish you as a thought leader or influencer in your field. It gives you the opportunity to share your…
  • 3 Tips to Help Millennials and Baby Boomers See Eye to Eye

    Guest Blogger
    29 Jun 2015 | 6:38 am
    In less than a decade, Millennials (born 1981-1996) are expected to make up 75 percent of the U.S. workforce. Simultaneously, nearly 65 percent of CPA Baby Boomers (born 1946-1964) say that they do not expect to retire at age 65, but will work beyond that age, according to a 2012 AICPA poll. As a result, these groups will likely work side by side for the foreseeable future. Because of this, it is critical for Baby Boomers and Millennial CPAs to find common ground in order for their organizations to succeed. One key to developing a strong relationship is focusing less on differences and more…
  • Ice Cream Provides 5 Reasons to Incorporate Sustainable Practices

    Guest Blogger
    25 Jun 2015 | 4:00 am
    No dessert is more time and energy intensive than ice cream hand cranked in an old fashioned, salt-lined churner. When you’re making it at home using this method, a gallon of ice cream is an all-day event made with love and a small gang of helpers. Now, imagine producing more than 12 million gallons. Those making ice cream on such a large scale have a number of additional variables to consider and may choose to incorporate sustainable practices into their business model. Many companies are embracing the triple bottom line. Rather than solely focusing on financial information, organizations…
  • The Modern CPA Profession: Connected and Comparable

    Tommye E. Barie, CPA
    23 Jun 2015 | 4:00 am
    In my eight months as chair of the AICPA Board of Directors, I’ve done a lot of travel and gained perspective on the size of our country and our planet. But beyond that, I’ve learned how business is becoming much more interconnected and how CPAs fit into a broader business ecosystem made up of other professions, clients and stakeholders. A recent trip to the other side of the world showed me just how connected our profession really is and made me optimistic about its prospects for the future. After traveling to the World Congress of Accountants in November and countless domestic trips…
  • Survey Results Provide Insights into Clients’ Retirement Funding Fears

    Guest Blogger
    22 Jun 2015 | 4:00 am
    Rich or not-so-rich, running out of money in retirement is a major concern for 57% of clients, according to results of the inaugural quarterly AICPA Personal Financial Planning Trends Survey. Initiated by the AICPA’s PFP Division, the new survey seeks regular insights from CPA financial planners, provides valuable feedback on client emotions related to finances and the future, and helps trusted advisors understand where their expertise can best address client concerns. High levels of concern over adequate retirement funding, as indicated by the first quarter 2015 survey, suggest demand is…
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    OSYB Number Crunch! Bookkeeping Tips from Outsouce Your Books.

  • What’s a C Corporation, and Is It the Best Option for Your Business?

    OSYB Staff
    29 Jun 2015 | 10:00 pm
    C corporations have complex legal requirements that may not be suitable for every business. If corporate formalities aren’t followed, shareholders can forfeit their limited liability protection and be personally liable for the C Corporation’s debts and obligations. Read more here and see video about C-Corp’s. 
  • Pros and Cons of Using Automated Documents for Your Business

    OSYB Staff
    29 Jun 2015 | 10:00 pm
    If your business has legal needs sites like QuickBooks Documents may be your ideal solution, providing step-by-step guidance in customizing attorney-drafted documents and legal forms. This will ultimately save you significant capital that can be devoted to more pressing entrepreneurial needs, such as growing your consumer base and expanding your workforce.
  • The Balance Sheet: Statement of Financial Position Explain

    Ed Becker
    29 Jun 2015 | 2:25 pm
    In part one of this series, we talked about what the financial statements are and what purpose they have in businesses. We also discussed the trial balance being an important part of the process of preparing the financial statements, but not actually being a statement. Here we will discuss in depth the Statement of Financial Position or the Balance Sheet. The Balance Sheet is more accurately described as the Statement of Financial Position, the new title just has not completely converted. What the information on the balance sheet shows is the financial position and stability of a company on a…
  • When Can You Write Off Meals on Your Taxes?

    OSYB Staff
    28 Jun 2015 | 10:01 pm
    Being able to write off the cost of food and drink while traveling or meeting with clients is a huge perk for business owners. The IRS rules related to meal deductions are complicated. Meals purchased while traveling or to entertain clients are generally 50 percent deductible, while food purchased for the benefit of employees can be fully deductible.
  • How to Fund Your New Business Without Using Savings

    OSYB Staff
    28 Jun 2015 | 10:01 pm
    If you hope to take your side business full-time in the future, set aside any extra hours, holiday pay, raises and work bonuses into a separate savings account earmarked for your new business. It may take some time to grow the business, but you won’t have to use any savings or loans to fund it. 
 
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    Presti & Naegele

  • June 2015 tax compliance calendar

    Andrew Presti
    17 Jun 2015 | 12:48 pm
    June 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 federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of June 2015. June 2 Retirement plans. Deadline for sponsors and administrators of retirement plans not covered by Title I of ERISA to file their Form 5500, Annual Return/Report of Employee Benefit Plan, or 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan, returns and…
  • FAQ: What is the saver’s credit?

    Andrew Presti
    17 Jun 2015 | 12:47 pm
    FAQ: What is the saver’s credit? Under Code Sec. 25B, a low-income taxpayer can claim a tax credit for a portion of the amounts contributed to an individual retirement account, 401(k) plan, or other retirement plan. A credit is allowed for up to $2,000 of contributions to qualified retirement savings plans. The maximum credit is $1,000 for individuals and $2,000 for married couples. A taxpayer’s credit amount is based on his or her filing status, adjusted gross income, tax liability and amount contributed to qualifying retirement programs. However, the percentage of contributions…
  • Liability for the “nanny” tax

    Andrew Presti
    17 Jun 2015 | 12:46 pm
    Liability for the “nanny” tax Employers of course have to pay employment taxes on the wages they pay to their employees. A nanny who takes care of a child is considered a household employee, and the parent or other responsible person is her household employer. Housekeepers, maids, babysitters, and others who work in or around the residence are employees. Repairmen and other business people who provide services as independent contractors are not employees. An individual who is under age 18 or who is a student is not an employee. Payments and Withholding As a household employer, the…
  • Lawmakers add tax measures to trade package, approve other tax bills

    Andrew Presti
    17 Jun 2015 | 12:45 pm
    Lawmakers add tax measures to trade package, approve other tax bills Tax provisions are often included as revenue raisers in non-tax bills and this year is no exception. A massive trade package making its way through Congress contains a number of tax measures, impacting both individuals and businesses. At the same time, some stand-alone tax bills are moving forward in the House and Senate. Child tax credit Under current law, a U.S. citizen or resident living abroad may be eligible to elect to exclude from U.S. taxable income certain foreign earned income and foreign housing costs. If enacted,…
  • June 2015 Newsletter

    Scott
    17 Jun 2015 | 7:18 am
    Andy Presti discusses how to file an amended return if a you discover and error. Also, Steve Grgas discusses how the IRS resolves and identity theft case. The post June 2015 Newsletter appeared first on Presti & Naegele.
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    It's Taxing - Bond Beebe

  • Maryland Tax Amnesty Program Update

    1 Jul 2015 | 10:22 am
    The Maryland General Assembly has released more details about the Maryland Tax Amnesty Program. This program waives all civil penalties and one half of the interest for delinquent taxpayers who apply and are approved. We shared some information about the Tax Amnesty Program in April. To read more about the program and how it may affect you, visit taxes.maryland.com. 
  • IRS Announces “Get Transcript” Application Breach

    28 May 2015 | 12:47 pm
    The IRS announced on Tuesday that identity thieves were able to access tax transcript information of more than 100,000 tax accounts through their “Get Transcript” application. Prior knowledge of personal information allowed the criminals to pass a multi-step authentication process to access the tax transcripts. The IRS believes approximately 200,000 attempts to access transcript information were made in total from “questionable e-mail domains” starting in February and ending in mid-May, with more than 100,000 gaining access. The IRS has temporarily disabled the “Get Transcript”…
  • Supreme Court Rules on Wynne vs. Comptroller

    18 May 2015 | 10:39 am
    On Monday, May 18th, the Supreme Court ruled that Maryland’s income tax law for income earned outside of the state is unconstitutional. The court voted 5-4 to affirm a 2013 Maryland Court of Appeals decision. The case specifically addressed Maryland’s denial of credits against the MD county income tax, otherwise known as the ‘piggy-back’ local tax. Going forward, residents who earn out-of-state income from certain businesses/sources will be able to claim a credit against the county taxes paid, too. This decision may cost Maryland an estimated $42 million a year in revenue. This ruling…
  • Reverse Rollover: A Bridge over the Backdoor Roth Trapdoor

    29 Apr 2015 | 8:32 am
    Much has been written about the benefits of Roth versus Traditional IRAs, and over the past several years a popular “backdoor Roth” conversion has made headlines as well. As a refresher, this method allows high-income taxpayers, who are excluded from making direct contributions to Roth IRAs, the ability to make non-deductible contributions to a Traditional IRA, and then immediately convert that amount to a Roth. The net effect, ideally, is minimal tax on any earnings between the date of contribution and the conversion, and years of tax-free growth in a Roth account moving forward.
  • Precise Record Keeping Required on all Charitable Contributions

    24 Apr 2015 | 11:40 am
    There have recently been a series of cases decided by the Tax Courts disallowing charitable contributions due to a lack of proper documentation about them. The rules here (under Code Section 170(f)(8)) are precise and strict: Contributions of $250 or more must be supported by a written acknowledgement from the recipient organization dated prior to your return filing that states the amount of cash contributed and/or a description of any property other than cash, A statement of whether or not the recipient provided any goods or services in consideration of the donation and if so an estimate of…
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    Investment & Small Business Accountants

  • Effects of tax avoidance | is tax planning good or bad?

    chinweike
    1 Jul 2015 | 1:01 pm
    INTRODUCTION The effects of tax avoidance has always been in the news. HSBC happens to be the most recent company accused of engaging in an unacceptable tax planning scheme that has made the company pay little tax in the UK where most of its operations are run from. No one will be happy if what […]The post Effects of tax avoidance | is tax planning good or bad? appeared first on Investment & Small Business Accountants.
  • Difficulties of Measuring Performance in Service Industries

    chinweike
    4 Jun 2015 | 4:49 pm
    The difficulties of measuring performance in service industries are those features that distinguish manufacturing from service industry. Though performance management is on its own problematic in complex modern organizations but the current trend of organizations wanting to be seen as lean and virtual has compounded the problem. Companies that would be classed as pure manufacturing […]The post Difficulties of Measuring Performance in Service Industries appeared first on Investment & Small Business Accountants.
  • Limitations of Qualitative Aspects of Performance Management

    chinweike
    1 Jun 2015 | 8:32 pm
    Performance management nearly lost its vibe when it was all about number crunching. All thanks to the introduction of qualitative elements of performance appraisal. Having some qualitative elements in performance management models have gained global acceptance due to the fact that basing performance measurement and management purely on financial and quantitative terms have created rooms […]The post Limitations of Qualitative Aspects of Performance Management appeared first on Investment & Small Business Accountants.
  • Career in finance | 4 ways to tell if you have what it takes to be a financier

    chinweike
    22 May 2015 | 7:12 am
    Career in finance is a very rewarding but challenging career choice to make. But just like any job, there are certain characteristics and soft skill sets that make you more likely to succeed in a career in finance. The points discussed in this article apply to all facets of career in finance. Whether you’re planning […]The post Career in finance | 4 ways to tell if you have what it takes to be a financier appeared first on Investment & Small Business Accountants.
  • Basics of Business Insurance for Small and Large Businesses

    chinweike
    17 May 2015 | 5:02 am
    Business insurance is a discipline that has been around for long and has therefore undergone some serious reforms, challenges and criticisms. This is why we need to refresh our knowledge with articles on the basics of business insurance once in a while. One of the fundamentals of integrated risk management is to transfer the risk […]The post Basics of Business Insurance for Small and Large Businesses appeared first on Investment & Small Business Accountants.
 
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    ApniTally

  • How to reactivate Tally.ERP 9 license or shift it to another machine

    Shailendra Yadav
    13 Jun 2015 | 6:43 am
    You have purchased a Tally single user or multi user and now successfully using it. But due to one or more reason your tally turns educational ! What would you do? What are the steps you should take to again activate the license. This article would tell you what ideally you should do.How to reactivate or shift your Tally License Tally licensing has evolved during all these years with every new version. Now in Tally.ERP 9 licensing has become... Read More
  • How to Identify your most valuable customers using Tally ERP 9

    Shailendra Yadav
    12 Jan 2015 | 10:24 am
    This article is about features of Tally ERP 9 which help any business to identify it's most valuable customers and how they can be retained once identified.  For any business customer is the King. A business strive to give best of it's services or products to it's customers. Businesses invest crores of rupees to understand what a customer wants and how his satisfaction can be achieved. Big business houses and brands keeps analysts,... Read More
  • Three things to Avoid in New Year / New Financial Year in Tally ERP 9

    Shailendra Yadav
    27 Dec 2014 | 5:17 am
    Friends I wish all Tally users a Happy and Prosperous New Year. Although for Accountants in India New year starts from April 1 when we have to begin new books. But there are people who start their book from Jan 1st. This is the case for companies whose parent companies are out of India.I have seen many Japanese companies who start their financial year form Jan 1st as their parent companies start their financial year on same date in... Read More
  • What is your New Year Resolutions for Tally in 2015

    Shailendra Yadav
    24 Dec 2014 | 12:02 pm
    Friends New year is again round the corner. We are all determined to celebrate this new year too with great fan and fervor.  Like last year we would pass new resolutions for the coming year. No matter how early we break our new resolutions but this is for sure that we would make new one this year too.We are all too firm this year to not to break our new year resolutions. Rest all depends of God's will and our circumstances. Like we all do,... Read More
  • 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
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    Energized Accounting

  • How to Adjust to a More Demanding Job

    Bill Kennedy
    1 Jul 2015 | 10:01 am
    How to Adjust to a More Demanding Job – Step it up! Go for it! How to Adjust to a More Demanding Job If you’re used to a job that comes easily to you and where you can take the occasional long lunch and get all your work done in 35 hours a week, it can be tough to adjust to a new, … Read » accountantvip The post How to Adjust to a More Demanding Job appeared first on Energized Accounting.
  • How To Squeeze a Dollar Out of 13 Percents…

    Bill Kennedy
    30 Jun 2015 | 11:39 am
    How To Squeeze a Dollar Out of 13 Percents (HST) @WALLCPA explains @QuickBooksCA How To Squeeze a Dollar Out of 13 Percents… There is often confusion around HST. Many small business owners don’t know when they should register for it, what method they should use or when to file. In this blog post I will attempt to provide some clarity on this topic. Let’s start with some basics. GST/HST or Harmonized Sales Tax is the harmonization of Provincial Sales Tax (PST) and Goods and Services Tax (GST). In Ontario the harmonized rate is 13%. This is the tax that is applied to most goods and…
  • 5 Tips for Customizing Forms and Reports in…

    Bill Kennedy
    30 Jun 2015 | 8:35 am
    5 Tips for Customizing Forms & Reports in @QuickBooksCA Online by @nerdenterprises 5 Tips for Customizing Forms and Reports in… Seth David, “Dean of Beans”June 17, 2015Forms, Quickbooks Online, ReportsLeave a Comment Go into settings and turn on custom fields.Define those custom fields.Use the custom fields on an invoice.Customize a report to include those custom fields.Show the summary on the invoice form. Go into settings and turn on custom fields. The first tip for customizing forms and reports in QuickBooks Online is to go into the company settings area and turn on…
  • Do your clients think about you 220 times per day?

    Bill Kennedy
    29 Jun 2015 | 6:01 am
    Do your #accounting clients think about you 220 times per day? #LighterSide Do your clients think about you 220 times per day? I came across a news story this week about a school in Utah that has added a ‘texting lane’ to the corridors of their building to ensure that pupils do not bash in to each other whilst engrossed in their mobile phone. I also understand that a town in Belgium has had a similar idea […] The post Do your clients think about you 220 times per day? appeared first on UK Small Business Centre | QuickBooks . accountantvip The post Do your clients think about you…
  • QuickBooks update: June 26 2015

    Bill Kennedy
    29 Jun 2015 | 4:41 am
    @QuickBooks Online update: June 2015 – Copying journal entries and invoice styles, yeah! QuickBooks update: June 26 2015 This QuickBooks update lets you try a new version of registers, import invoice styles, copy journal entries, and more! The article QuickBooks update: June 26 2015 appeared originally on QuickBooks Blog . accountantvip The post QuickBooks update: June 26 2015 appeared first on Energized Accounting.
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    Financial Memos

  • Net Profit Margin Ratio including Analysis and a Calculator

    Andrew Carter
    23 Jun 2015 | 5:41 am
    Net Profit Margin is one of the most widely used ratios by investors and analysts. It is used in order to understand the ability that a company has to translate the revenue generated into profits that can be distributed to the investors after all expenses incurred during the year.         Net Profit Margin Formula The formula for the net profit margin is: Net Profit Margin = (Net Profit/Revenue) x 100 As an example, if Company Z has $200,000 net profit and $2,000,000, then the net profit margin will be 10%. A more detailed analysis of the above example is as follows:…
  • Return on Assets Ratio (ROA) – Including an online calculator

    Andrew Carter
    22 Jun 2015 | 5:40 am
    The Return on Assets Ratio (ROA) shows how well a company uses its’ assets in order to generate profits. ROA is one of the  profitability ratios that are used to understand and assess whether the resources that a company has at its’ disposal are used in an efficient way.         Return on Assets Ratio Formula Return on Assets is calculated by dividing the net profit for the year to the total assets that a company has. The Return on Assets Ratio (ROA) is expressed as a percentage. The net profit is a figure found in the profit and loss account (income statement) while…
  • Debtor Days Ratio- Formula, Analysis and Calculator

    Andrew Carter
    21 Jun 2015 | 5:23 am
    Debtor Days Ratio shows how quickly a company turn the credit sales made into cash. It’s therefore reasonable that the smaller the debtor days ratio, the quicker a company is able to collect cash from its’ clients.         Debtor Days Formula There is more than one formula that you can use to calculate the debtor days. To be more specific, the first version of the debtor days calculates the debtor days ratio by dividing the trade debtor (not the whole debtor balance, just the trade debtors) with the credit sales and multiplying the result with 365 (number of days in a…
  • Inventory Turnover Ratio Formula including Analysis with Examples

    financialmemos
    28 May 2015 | 3:14 am
    Inventory turnover ratio is an important financial ratio that shows how many times stock is sold during a  a financial year. Of course, inventory turnover ratio can be also calculated on different intervals, for example on a monthly basis or a quarterly basis.       Inventory Turnover Ratio Formula The formula that is used to calculate the Inventory Turnover Ratio is quite simple. The formula is: Inventory Turnover Ratio: Cost of Sales/Average Inventory for the Year Where Average Inventory for the year is: (Opening Inventory + Closing Inventory)/2 If the stock levels do not…
  • Return On Equity Ratio (ROE) Formula, Analysis and Calculator

    financialmemos
    3 Nov 2014 | 1:59 pm
    Return on Equity (ROE) is a financial ratio that shows the profit generated by a company in a year compared to the shareholder funds available. It therefore shows how much profit (attributable to the shareholders) in dollars (or any other currency) can be distributed to the shareholders for every dollar of common stock.         Return on Equity Formula The formula to calculate the return on equity ratio is very simple. You will need two numbers, the net income available for distribution to the shareholders which can be found on the income statement and the shareholders…
 
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    The Accountancy Partnership

  • Tips for constructing a cracking business plan

    kbilby
    2 Jul 2015 | 2:05 am
    Composing a business plan can seem like an extremely daunting and sometimes impossible task but this troublesome document is crucial in building solid foundations on which you can grow your empire. Once you have nailed your business plan content and refined the format, you should find that everything else has a much stronger chance of falling into place. A common misbelief is that a business plan is something that is created shortly after a viable idea for a start-up venture is conceived and filed away in a dusty ring binder forever after. However, you should see this document as a constant…
  • Why it pays to be patient with the work experience kid

    kbilby
    30 Jun 2015 | 1:40 am
    Summer is here and the mere thought of midweek mojitos and BBQs on the lawn are what gets us through those extra-long days stuck inside a stuffy office with the sun beating down outside the window. But summer isn’t all about fun and games, you know. It’s also the prime time for students and young adults to be seeking out work experience placements and temporary part-time jobs, while they break away from their educational commitments. The summer period can tend to get a little heated in the workplace and not just because the air conditioning is broken for the fourth year running or because…
  • Five Ways to Avoid Small Business Failure

    kbilby
    29 Jun 2015 | 5:58 am
    For many small businesses, the first year (or two) after set up is the hardest. By the end of year three, it’s usually sink or swim; you’ve put all your initial enthusiasm and capital into it, and if it’s not at least supporting itself in the water by this stage, chances are that like many small businesses, this is the time it will go under. So how can you ensure it doesn’t? Do your Research  It may be your dream to open up a little cafe or cake shop in that delightfully olde-worlde street in the historic part of town, but it may already have its quota of this kind of business –…
  • Do beards and body modifications really effect business?

    kbilby
    25 Jun 2015 | 6:30 am
    Hello and welcome to the 21st Century where individual styles and unconventional appearances are more than welcome. The days of greyscale office attire, clean-shaven faces and un-inked skin are rapidly fading into the forgotten land of restrictive social boundaries and oppression. Step aside for the tattooed entrepreneur, the bejewelled businesspeople and the bearded businessmen because the times they are a-changing, my friend. Or are they… Despite beards, tattoos, piercings and other such body modifications being all the rage right now and showing no signs of slowing down, there are still…
  • How to be more creative with your cash

    kbilby
    24 Jun 2015 | 5:18 am
    Small business often means small budget so when it comes to balancing your books, things can sometimes get a little tight. Even though you’ve got less money to play with as the owner of a micro enterprise, you’re still working towards the same goals as big international firms with colossal budgets: to grow your brand and win more business. So while you’re working on earning your first million, here’s a few tips on how you can be more creative with your cash to get the most out of your capital. Outsource Just last week we discussed the top 5 benefits of outsourcing over on the Pandle…
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    The Cheap Accountants

  • Amazon to expand its lending arm across the UK

    admin
    2 Jul 2015 | 1:56 am
    Ecommerce giant Amazon is one of the world’s leading online retailers and is soon to attract even more attention as it prepares to delve into the UK moneylending market. This week the company announced that it will be opening up opportunities for small businesses across the country to take advantage of its popular short-term working loan provision. What is Amazon Lending? The Amazon Lending arm is not a brand new concept, in fact, it is a scheme that has been rolled out across Japan and the US since 2012. The scheme follows in the footsteps of PayPal’s Working Capital and US service,…
  • Business bodies urge government to focus on improving UK productivity

    admin
    29 Jun 2015 | 1:14 am
    The Federation for Small Businesses (FSB) is urging the UK government to refocus their attention in order to boost productivity and continue the positive development of the country’s SME industry. The business organisation has highlighted a number of areas that need addressing in order to reduce deficit, stimulate growth and offer a stronger support network for growing micro-enterprises. Confidence levels are high in the world of small business for the UK with record revenues, strong investment interest and a substantial decrease in unemployment. While the productivity of the UK as a whole…
  • FSB teams up with Young Enterprise to boost business education

    admin
    26 Jun 2015 | 1:28 am
    Leading business organisation, the Federation for Small Businesses (FSB) is collaborating with the UK’s biggest enterprise and financial education charity, Young Enterprise to improve business-based learning across the country. In a time when the problematic skills gap is glaringly prominent, this could be exactly what the industry and the UK economy needs to take business to the next level. Young Enterprise works with the mantra that the potential of the UK’s young people is unlimited and works towards giving them the opportunity to realise their capabilities through a range of practical…
  • Microsoft CEO wipes out four members of senior staff in a bid to boost productivity

    admin
    23 Jun 2015 | 2:18 am
    Microsoft CEO Satya Nadella has released a statement explaining the method behind the madness of simultaneously eliminating four senior bodies from the company’s workforce. At the beginning of every fiscal year, the American, multi-national technology company undergoes a structural shift and this year’s unprecedented strategy will see a drastic rethinking of its leadership model. While 2006 saw a reworking of product, inspired by Windows Vista criticisms and 2007 and 2008 witnessed the separation of sections, 2015 is focused on the restructuring of its senior workforce.Former Nokia chief…
  • UK foreign investment meets new £1trillion record high

    admin
    22 Jun 2015 | 5:07 am
    Last week prime minster David Cameron revealed that foreign direct investment (FDI) into the UK has smashed an unprecedented record and broken the £1trillion barrier for the very first time. This follows the highest number of investment projects since records began in the 1980s and ranks Britain’s performance the highest in Europe and third in the world, close behind the US and China. The new statistics published by UK Trade & Investment (UKTI) demonstrated that Britain secured the highest number and value of investment projects in 2014 via FDI. This number is estimated to have gone up…
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    Jetpack Workflow » Blog

  • How to Predictably Win New Clients Every Month

    Jetpack Workflow
    1 Jul 2015 | 8:47 am
    Excited to grow your firm or practice but always feel like you’re falling short of your metrics? In this post, I want to go over how to set up a client acquisition pipeline so that you can better forecast your growth. Step 1: Defining the metrics A very common question I ask firms is “How... Read more » The post How to Predictably Win New Clients Every Month appeared first on Jetpack Workflow.
  • How to build operational efficiency and practice workflow: The Jeff Borcshowa Interview

    Jetpack Workflow
    23 Jun 2015 | 5:43 am
    This week we’re excited to release our latest interview with Jeff Borschowa, thought leader and innovator behind DreamPractice. In this interview, we cover: A quick way to pick up and track competitive intelligence among your competitors How to build out operational efficiency and practice workflow without burning out or becoming overwhelmed The system for both... Read more » The post How to build operational efficiency and practice workflow: The Jeff Borcshowa Interview appeared first on Jetpack Workflow.
  • Social Media Spotlight: Facebook for Accountants

    Jetpack Workflow
    19 Jun 2015 | 6:20 am
    Thinking about a social media strategy for yourself or your firm? Are you wondering how (or if) Facebook should be part of your marketing strategy? In this post, I want to cover the basic principles of Facebook marketing, and pose questions on whether it’s a good fit for your firm or not. How to determine... Read more » The post Social Media Spotlight: Facebook for Accountants appeared first on Jetpack Workflow.
  • Is it time to ditch your service offering for a “professional product” ? How to create a scalable service workflow

    Jetpack Workflow
    11 Jun 2015 | 6:01 am
    You know you provide a great service to your clients, but do you know what your final “product” looks like? Why thinking in terms of “Product” helps grow your firm faster  One of the biggest time (and growth) traps in any professional service business is getting stuck providing custom service work for each and every... Read more » The post Is it time to ditch your service offering for a “professional product” ? How to create a scalable service workflow appeared first on Jetpack Workflow.
  • How to Become a Radical CPA: The Jody Padar Interview

    Jetpack Workflow
    19 May 2015 | 5:50 am
    This week we’re excited to have our first returning guest… Jody Padar! In this interview, we cover: What defines a radical CPA and the “new firm” How to incorporate customer experience into your workflow Why pricing is so fundamental to a radical CPA How to engage with new prospects and clients And much more! Click... Read more » The post How to Become a Radical CPA: The Jody Padar Interview appeared first on Jetpack Workflow.
 
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    truthbehindnumbers.com

  • The Highest Profile Financial Fraud Scandals In The U.S.

    Veriti 2014
    30 Jun 2015 | 2:36 am
    You’re likely familiar with some of the top financial fraud scandals in the U.S., as headlines on the highest profile cases were splashed across the papers and online news channels. As a reminder to stay constantly vigilant about these schemes and protect against falling victim to one, […] The post The Highest Profile Financial Fraud Scandals In The U.S. appeared first on .
  • Eye Opening Financial Fraud Statistics From The United States

    Veriti 2014
    23 Jun 2015 | 2:27 am
    A recent report released by the Association of Certified Fraud Examiners (ACFE) featured some remarkable financial fraud statistics that came as a shock to many forensics professionals. The frequency of these crimes was eye opening, as was the amount of money lost by individuals and businesses of […] The post Eye Opening Financial Fraud Statistics From The United States appeared first on .
  • 4 Most Common Financial Crimes To Protect Against

    Veriti 2014
    16 Jun 2015 | 2:14 am
    For as long as currency has been around, there have been criminal-minded individuals that are motivated to steal it. In recent years, technology has risen to the forefront as a tool for committing financial crimes. It’s relatively simple to master, convenient and easily accessible for anyone with […] The post 4 Most Common Financial Crimes To Protect Against appeared first on .
  • Fraud Prevention: How To Avoid Escrow Fraud

    Veriti 2014
    9 Jun 2015 | 2:12 am
    With more and more consumer transactions taking place through online marketplaces, the frequency of escrow fraud has skyrocketed. The primary problem is that many people don’t know what this financial crime is; let alone how they can protect themselves. Here are some answers to the most common […] The post Fraud Prevention: How To Avoid Escrow Fraud appeared first on .
  • When Should I Have My Small Business Valuation Conducted?

    Veriti 2014
    3 Jun 2015 | 6:31 am
    You have an accurate estimate of what your house, car and other big ticket items are worth, but, if you’re like many other business owners, you may not have an idea of the value of your company.  At times, a small business valuation is required for insurance, […] The post When Should I Have My Small Business Valuation Conducted? appeared first on .
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