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Article in Accounting & Finance

As demand for accounting services continues to grow, accountants are facing a period of rapid change. Emerging technologies, techniques and other accounting trends are entering ...
Article in Accounting & Finance

  • By: Gina Deveney
  • On: 9/29/2017 3:00 PM
  • In: Accounting & Finance
An invoice factoring service helps your business secure alternative financing by selling its outstanding invoices to a third party. This third-party business then has the ...
Article in Accounting & Finance

  • By: Gina Deveney
  • On: 9/22/2017 3:00 PM
  • In: Accounting & Finance
President Trump wants to simplify income taxes for all Americans. "It's extremely complex, it's not fair, and it's extremely hard to understand," says Trump. While the ...
Article in Accounting & Finance

  • By: Gina Deveney
  • On: 9/15/2017 3:00 PM
  • In: Accounting & Finance
When Donald Trump entered the White House, market forces took over thanks to the perception that Trump and a Republican-led Congress would lower corporate tax rates and institute ...
Article in Accounting & Finance

  • By: Gina Deveney
  • On: 9/8/2017 3:00 PM
  • In: Accounting & Finance
If you're hoping to retire as soon as possible, make sure you're investing wisely. The best retirement savings defer any taxes until the money is withdrawn, or offer tax-free ...
Article in Accounting & Finance

  • By: Gina Deveney
  • On: 8/25/2017 3:00 PM
  • In: Accounting & Finance
For many business owners, staying on top of your books can be a full-time job. Whether you do your own bookkeeping or outsource this task to someone else, it's important to stay ...
Article in Accounting & Finance

  • By: Gina Deveney
  • On: 8/18/2017 3:00 PM
  • In: Accounting & Finance
When Bitcoin split into two different cryptocurrencies by adding Bitcoin Cash on Aug. 1, 2017, it created a different method of income tax reporting for people who invest in this ...
Article in Accounting & Finance

Finding a niche for your small business can help your company expand and corner an area of the market that might be ripe for potential growth. If you decide to enter the field of ...
Article in Accounting & Finance

When President Donald Trump took office and his administration filled every cabinet position, the president promised a corporate tax cut as a way to reform the U.S. tax code. Your ...
Article in Accounting & Finance

A 2017 survey by Robert Half Management Resources notes that 52 percent of workers said their work-life balance improved over the past three years. The main reason for this ...
Article in Accounting & Finance

Research published in Accounting Horizons in June 2017 shows that a company's ability to meet analyst forecasts gets more attention than any other measure of its performance. When ...
Article in Accounting & Finance

The IRS warns people each year to beware of tax and financial scams that take advantage of unsuspecting citizens. Scammers scare people by calling them and telling them they owe ...
Article in Accounting & Finance

Republicans in control of Congress want to repeal the Affordable Care Act and replace it with their version, as of mid-2017. Senators are considering the replacement health care ...
Article in Accounting & Finance

With cases of fraud on the rise, auditors' jobs are becoming even more cumbersome. Cybersecurity and fraud detection are of the utmost importance to all businesses, and it's up to ...
Article in Accounting & Finance

It used to be in the accounting field that only certain firms could handle the consulting end of the industry. Specific types of accounting firm consulting only happened with ...
Article in Accounting & Finance

With many accountants nearing retirement age, new accounting grads should see a boom in the job market, but that doesn't mean your future in accounting is guaranteed. Complex ...
Article in Accounting & Finance

One of the primary benefits of working in accounting services is that practically every business that exists could utilize the talents of your firm. However, not every business ...
Article in Accounting & Finance

Sustainability is a hot-button issue for modern businesses — it impacts everything from raw material sourcing to employee retention. By finding ways to manage sustainability ...
Article in Accounting & Finance

Donald Trump promised over-the-road truckers he would do something about America's crumbling transportation network of roads and bridges. One solution he proposed involves raising ...
Article in Accounting & Finance

The Trump Administration revealed its highly-anticipated tax plan in late April of 2017. The one-page plan only scratches the surface of potential new legislation. However, it ...
Article in Accounting & Finance

Stock-based compensation is a wonderful way to reward employees for their hard work, meeting company goals and helping a company achieve financial prosperity. However, this method ...
Article in Accounting & Finance

With headlines frequently reporting high-profile cyber crime, many organizations are putting data security high on their list of priorities. Accounting firms are particularly ...
Article in Accounting & Finance

Two main facets of President Donald Trump's campaign got off to slower-than-expected starts once he took office. President Trump promised to repeal the Affordable Care Act and ...
Article in Accounting & Finance

Tax reform is a high-priority item for the Trump administration in 2017, and the Republican-controlled Congress hopes to approve a tax reform package that cuts taxes for ...
Article in Accounting & Finance

Alternative minimum tax made news in March 2017 when MSNBC commentator Rachel Maddow examined President Donald Trump's 2005 federal income tax return that someone allegedly leaked ...
Article in Accounting & Finance

The CPA exam ranks as one of the toughest tests in the world, as less than 40 percent of people who take the exam actually pass it on their first attempt. It is not from a lack of ...
Article in Accounting & Finance

For young accountants entering the financial world, the future is bright. While some organizations have trouble finding qualified staff, others find candidates with just the right ...
Article in Accounting & Finance

The entity choice for a business represents the first major decision a business owner faces when starting his entrepreneurial journey. Accounting firms know the difference between ...
Article in Accounting & Finance

While many people scramble during pre-April months to gather information and file tax returns, the first quarter of each year is an important time for accounting and business ...
Article in Accounting & Finance

As technology and consumer needs change and advance, it's inevitable that CPA firms will face challenges. In fact, it is likely that the accounting industry may even become ...
Article in Accounting & Finance

As tax time rolls around, it is likely your business is scurrying to gather receipts and balance financials for clients. Tax mistakes, though, can prompt extra work for your firm ...
Article in Accounting & Finance

Retirement savings are a key part of your financial strategy. They provide an income after you stop working, enabling you to live comfortably. To maximize your hard-earned money, ...
Article in Accounting & Finance

Estate planning is an important part of adulthood, but it is just as important to keep estate plans up to date. Encourage your clients to review their plans annually to make sure ...
Article in Accounting & Finance

As the calendar turns to a new year, accounting firms gear up for tax time. However, there's more to evaluate than clients' income taxes in the month of January. It's also the ...
Article in Accounting & Finance

Social Security remains one of your biggest assets as you work hard for 30 to 40 years and then retire comfortably in your mid-60s. Your retirement benefit covers both you and ...
Article in Accounting & Finance

The topic of immigration reform is one that tends to polarize Americans, but according to the Institute on Taxation and Economic Policy, one thing is certain: Legalizing ...
Article in Accounting & Finance

Despite rhetoric and plans by President-elect Donald Trump and Republican leaders in Congress, the Affordable Care Act will remain intact for the entirety of the 2016 tax year and ...
Article in Accounting & Finance

Tax season is always a busy time for accountants, as they hurry to prepare and file documents with the Internal Revenue Service on behalf of their clients. The 2017 tax season ...
Article in Accounting & Finance

There's no doubt about it: Accountants love numbers. However, accountants need to apply financial numbers to the people they serve. Working with clients goes beyond adding value, ...
Article in Accounting & Finance

While accountants are often in demand, especially during tax season, one growing area of need may find aspiring accountants in the cannabis industry, according to Accounting ...
Article in Accounting & Finance

Moving into 2017, industry experts anticipate many changes in accounting. The rapid adoption of accounting technologies and an aging workforce will bring new challenges and ...
Article in Accounting & Finance

Anyone who entered the accounting profession after 2000 knows how much accounting technology changed the industry. Software from big-name companies, such as Oracle, SAP, ...
Article in Accounting & Finance

Craig Smalley, a tax expert writing as a guest columnist for Accounting Today, claims that Congress erred when it chose to reinstate private debt collection agencies as a way for ...
Article in Accounting & Finance

Yes, even accounting firms need strong salespeople, and solo practitioners needs viable sales skills. Accountants can't just rely on word-of-mouth advertising. They need a ...
Article in Accounting & Finance

Over the next 10 years, millennial workers are expected to make up over half the American workforce as the baby boomer generation ages out and moves into retirement. Unfortunately ...
Article in Accounting & Finance

The hour-based pricing model has ruled the accounting industry for decades, but more and more firms are trending toward a newer, more efficient model: value pricing. While setting ...
Article in Accounting & Finance

Great clients serve as the foundation of a business, carrying it through lean periods and economic downturns. For accounting professionals who are bound by strict laws and ...
Article in Accounting & Finance

Retirement benefits make up of a significant portion of income for the country's senior population, and choosing the right time to collect determines the maximum value recipients ...
Article in Accounting & Finance

The CPA exam is one of the most important hurdles in an accountant's career. After the intense preparation and the exhausting test, the sudden drop-off in activity can exacerbate ...
Article in Accounting & Finance

Selling your practice can be a time-consuming process — one that is often drawn out by mistakes and misunderstandings. By understanding and avoiding common pitfalls that ...
Article in Accounting & Finance

A vast majority of the 42,000 accounting firms in the United States — around 41,600 — earn less than $3 million per year and have 20 or fewer employees. How can these ...
Article in Accounting & Finance

While almost any firm or professional in the finance sector can benefit from having an online presence, having just any old website isn't enough. Your site needs to have several ...
Article in Accounting & Finance

Earning a degree and then getting in with a firm is just the beginning of your journey as an accountant. When you move up the ladder to owning a firm, things get a bit more ...
Article in Accounting & Finance

Accountants are often labeled into two broad groups: specialists and generalists. As an accounting specialist, you bring to the table advanced education, experience and expertise ...
Article in Accounting & Finance

Donald Trump is a character who divides as much as he unites, and he is often accused of not having much substance behind him. However, on Aug. 8, 2016, the presidential hopeful ...
Article in Accounting & Finance

As a business, it's your responsibility to get your taxes right, but not every penny you make is subject to them. That's because the IRS recognizes the difference between turnover ...
Article in Accounting & Finance

Accountants must possess a variety of skills to effectively perform their jobs, including excellent problem-solving, critical-thinking and communication skills. It's difficult to ...
Article in Accounting & Finance

An exit strategy, which can spell out how a founder plans to separate from a company, affects everything from business development to liquidity. A solid strategy can smooth the ...
Article in Accounting & Finance

CPA and well-known accounting author Edward Mendlowitz laments the demise of public accounting. Trends in the industry show more and more people with accounting degrees leave to ...
Article in Accounting & Finance

Although 64 percent of adults who took part in a recent Deloitte survey said that companies should offer equal parental leave to both men and women, more than half said their ...
Article in Accounting & Finance

On-demand workers face unique challenges when tax time rolls around. Income earned from contracting work, freelance gigs and employment that does not automatically draw taxes must ...
Article in Accounting & Finance

Millennials comprise the largest portion of the work force, and this generation continually adds its presence to accounting firms. As such, firms of all sizes must be aware of the ...
Article in Accounting & Finance

Once school is out, teenagers head to summer break. For many of these young people, that means a summer job to earn cash for things such as a car, clothes or simply spending ...
Article in Accounting & Finance

Internal Revenue Service coattails often provide criminals with doors into the accounts and wallets of unsuspecting citizens. The latest tax scam accounting professionals should ...
Article in Accounting & Finance

Creating a team of remote workers saves money on travel and office space while giving team members the benefits of working from home. However, it can present some unique ...
Article in Accounting & Finance

Gender diversity in leadership positions, along with the gender pay gap, has made headlines in 2015 and 2016 as the Obama administration tries to solve the problem of women making ...
Article in Accounting & Finance

Accountants depend on standards to measure the financial health of companies, markets and industries. Ever since the Great Depression, the federal government implemented ...
Article in Accounting & Finance

Retaining millennials is a growing issue in the business community, particularly among companies that need long-term commitments. For accounting firms, which thrive on ...
Article in Accounting & Finance

American companies and accounting professionals enjoy a certain level of freedom when preparing financial statements; by using accounting measures that deviate from generally ...
Article in Accounting & Finance

Given the breadth of the field, accountants often find themselves in a variety of situations regarding their clients' taxes. While some issues are relatively easy to approach, ...
Article in Accounting & Finance

Accountants that stay on top of their clients' needs deliver more value and keep loyal customers. The easiest way to do this is to utilize the most current accounting technology ...
Article in Accounting & Finance

When doing taxes for the self-employed, it is important to find every tax deduction. Self-employed clients typically have a low profit margin and a variety of business expenses ...
Article in Accounting & Finance

There are more accounting majors than ever, but the number of graduates taking the CPA exam has remained flat. As a result, firms are struggling to fill open positions with ...
Article in Accounting & Finance

Most people procrastinate from time to time, but allowing procrastination to take your focus away from work is a sure way to stumble in your career. It can be difficult to stop ...
Article in Accounting & Finance

The earned income tax credit allows low-income Americans to recoup some of their income tax amount so long as they keep working. This credit, at a glance, appears to be a way to ...
Article in Accounting & Finance

As the end of December rolls around, millions of Americans think about office Christmas parties, spending time with family and last-minute holiday shopping. December is also a ...
Article in Accounting & Finance

When many people hear the word "accountant," they immediately picture a white-collar worker crunching numbers and preparing financial statements for a large CPA firm. ...
Article in Accounting & Finance

Over the course of the fiscal year, many accounting professionals are tasked with creating a charitable plan for one or more clients. A solid plan brings order to giving, making ...
Article in Accounting & Finance

The American Institute of CPAs tracks accounting trends and releases reports on some of the most important issues facing the industry. As of December 2015, one of the most ...
Article in Accounting & Finance

If you have unpaid tax debts, you risk losing your passport according to a bill that could become law. The new bill adds a section to the tax code that allows the feds to revoke ...
Article in Accounting & Finance

As accountants gear up for the 2015 tax return season, CPAs and others must also take time to understand new tax laws for 2016. Among other changes, tax deductions are getting an ...
Article in Accounting & Finance

Accounting firms face several dilemmas with regard to hiring patterns and human resources thanks to two major factors. Technology represents a game-changing aspect for firms, ...
Article in Accounting & Finance

Is your accounting business disaster-ready? Don't fall into the trap of thinking that emergencies only happen to other people. With a strong disaster recovery plan, your firm is ...
Article in Accounting & Finance

When searching for ways to increase productivity and improve efficiency, look no further than integrated solutions for your accounting firm. Integrated solutions standardize the ...
Article in Accounting & Finance

It's important to show your appreciation for clients, especially the ones who spend a lot of money with your company each year. However, you need to be careful about buying client ...
Article in Accounting & Finance

Changes within the accounting industry occur quickly due to advances in technology and a new company culture coming to firms. At a recent Accountants Club of America meeting in ...
Article in Accounting & Finance

Accountants, and especially independent tax advisers, remain very busy during the first 3 1/2 months of the year as large businesses, corporations, small-business owners and ...
Article in Accounting & Finance

Workers at accounting firms, no matter their age or how long they've worked for the firm, require performance feedback to improve. A supervisor provides relevant guidance on how ...
Article in Accounting & Finance

As a business owner, you want to help as many clients as possible so you can keep your business thriving. However, there are cases where you need to turn down clients to prevent ...
Article in Accounting & Finance

Achieving work-life balance may seem easier than ever thanks to connected devices that let you work from home. An accounting firm may offer more vacation time, a telecommute ...
Article in Accounting & Finance

Some of the most influential people in accounting are voicing their opinions about what they consider the most important issues facing the industry. Accounting Today conducted ...
Article in Accounting & Finance

Accounting firms have a possible crisis on their hands thanks to a perceived generation gap between younger, up-and-coming CPAs and old-school partners who believe in making their ...
Article in Accounting & Finance

A June 2015 report from the Treasury Inspector General of Tax Administration states the Internal Revenue Service’s computers failed to properly notify taxpayers of an ...
Article in Accounting & Finance

Ethics and accounting rules regarding the expenses of congressmen may change every couple of years when a new Congress convenes. Because of rapid changes, many of which are too ...
Article in Accounting & Finance

As of August 2015, a recent study has shown public accounting firms are hiring a record number of accounting graduates. This is good news for the record numbers of students who ...
Article in Accounting & Finance

The accounting sector of the finance industry faces a dilemma moving forward as baby boomers retire and the millennial generation replaces them. Young accountants have different ...
Article in Accounting & Finance

Some CEOs and COOs may appear to have rudimentary accounting knowledge, but deep down, some of them could probably take a refresher course, according to professor Charles J. ...
Article in Accounting & Finance

It's never fun to discuss the need for long-term care of an older adult with your clients. The truth is, however, approximately 70 percent of adults over age 80 require long-term ...
Article in Accounting & Finance

Accounting and financial professionals who deal with investing, whether on behalf of consumers or companies, must have strong investment research skills. Research doesn't stop ...
Article in Accounting & Finance

According to a survey conducted by the Freelancers Union, over 53 million individuals across the nation do some type of freelance work — and you don't have to be a creative ...
Article in Accounting & Finance

Stock markets such as the Nasdaq and S&P 500 have risen sharply between June 2014 and June 2015, climbing by up to 20 percent. Technology companies have grown remarkably as ...
Article in Accounting & Finance

Accountants love computer software that makes tedious processes more automatic; they give accounting professionals more time to actually advise clients and analyze metrics to make ...
Article in Accounting & Finance

The run up to the income tax filing deadline can be a stressful time for many Americans. However, you also need to think about taxes during the rest of the year. Keep your tax ...
Article in Accounting & Finance

The IRS is once again under pressure to improve the taxpayer service that it provides. According to tax preparers across the nation, understaffed tax clinics are struggling to ...
Article in Accounting & Finance

A report by the U.S. Department of Labor states as many as one-third of all audits performed by certified public accountants for employee benefit plans lack proper audit quality. ...
Article in Accounting & Finance

Accounting firms find it easy to grow with the steady business that comes from the first 3 1/2 months of the year due to income tax filing deadlines. The trick for many companies ...
Article in Accounting & Finance

The American Institute of Certified Public Accountants confirms the organization is ready to update the next-generation CPA exam. This occurs after the initial invitation for ...
Article in Accounting & Finance

Hiring millennials and finding ways to retain them are real challenges for HR professionals all over the world. Millennials tend to have different values and work styles than ...
Article in Accounting & Finance

Business cards are one of the most important networking tools used by accountants. The right card can help you make a great impression on potential clients and generate more ...
Article in Accounting & Finance

While young accountants are just setting out on their career path, they can provide a wealth of real-world knowledge to more experienced professionals in the accounting field or ...
Article in Accounting & Finance

Private-sector companies rely on incentives, low-interest loans and tax abatements to help finance projects that would otherwise be too cost prohibitive. Major projects, such as ...
Article in Accounting & Finance

Small businesses have been called the backbone of the American economy, whether a business sells clothes from a corner boutique or manufactures vinyl siding for home-building ...
Article in Accounting & Finance

From data security and compliance to attracting new clients and maintaining profits, the biggest challenges for accountants in 2015 illustrate a changing business environment that ...
Article in Accounting & Finance

Paperless documents and digital offices should reduce the amount of paperwork stored by accounting firms, yet somehow companies still manage to horde mountains of paperwork. ...
Article in Accounting & Finance

For accounting professionals, it's often necessary to send a number of emails, particularly when it comes to payroll or financial policies. When the content becomes too complex ...
Article in Accounting & Finance

Accountants find many ways to make clients happy in order to maintain long-term customers. The trick is to let clients know they need you even when it's not tax time. Giving ...
Article in Accounting & Finance

The IRS audited fewer people in 2014 than in previous years, but that doesn't mean your clients aren't at risk for being audited. Whether you work with individual taxpayers, ...
Article in Accounting & Finance

Accountants and accounting firms know exactly what happens from Jan. 1 to April 15. Then, 8 a.m. on April 16 happens, and accountants must think about how to maintain a ...
Article in Accounting & Finance

Accounting firms can benefit greatly from adding financial planning services to their list of offerings, according to a recent survey by The American Institute of Certified Public ...
Article in Accounting & Finance

Almost no one enjoys tax season, but it's especially stressful for small-business owners. Small businesses don't have the same resources as large corporations, making it more ...
Article in Accounting & Finance

For many accountants, tax season is the busiest time of the year. Unfortunately, it's also the most stressful. Clients are worried about owing state and federal taxes, or they're ...
Article in Accounting & Finance

Tax season is stressful for everyone, from the accountants preparing hundreds of tax returns to the taxpayers who end up owing the government. Fortunately, you can do several ...
Article in Accounting & Finance

Accountants are often portrayed as stressed, number-crunching individuals who spend hours on end rifling through spreadsheets sitting behind a desk. Realistically, many ...
Article in Accounting & Finance

Almost every accounting firm has clients who are stragglers. Despite your best efforts to get someone ready for income tax season to end on April 15, some clients fall through the ...
Article in Accounting & Finance

Tax season is a critical time for your accounting business. Not only is this the busiest time of year, but it is also the best time to gain new long-term clients. Although your ...
Article in Accounting & Finance

The paperless office has been a dream of managers, workers and business owners for decades, but most organizations are still a long way from experiencing a complete shift away ...
Article in Accounting & Finance

As the looming deadline draws closer each season, accountants and finance professionals often find themselves bearing the brunt of tax stress. Whether you have too much work on ...
Article in Accounting & Finance

One trend in the accounting sector involves how firms charge for their services. Experts in the field have encouraged firms to move away from the billable hour model and shift ...
Article in Accounting & Finance

Although it's important to remember that audits aren't always personal, there are red flags you should know to help ward off investigation. Deductions, such as mortgage interest, ...
Article in Accounting & Finance

Business professionals can say silly or even dim-witted things at times. Perhaps you had too little sleep the night before or you did not pay attention to what your boss said in ...
Article in Accounting & Finance

If veteran employees and managers fail to fully engage new hires and offer a helping hand along the way, it is easy for new hires to fall behind at work in the early stages. ...
Article in Accounting & Finance

Getting a master's degree in accounting can help further your career, but the cost of most degree programs prevents many people from taking advantage of the opportunity. However, ...
Article in Accounting & Finance

The economic recovery continues to hit all industries, and nonprofits are no exception. So far, nonprofit revenue appears to be higher in 2015 than it was in 2014, and nonprofit ...
Article in Accounting & Finance

Accounting clients do not necessarily buy into one accounting firm or another because of the services involved. Sometimes, accountants earn the respect of clients due to the ...
Article in Accounting & Finance

Due to concerns about tax return fraud, more taxpayers than usual are receiving their tax refunds in the mail instead of via direct deposit to a bank account. With identity theft ...
Article in Accounting & Finance

Being held accountable at work directly affects your success. Having accountability in the accounting field is just as important, or even more important, than taking full ...
Article in Accounting & Finance

To become a certified public accountant, you must first pass the CPA exam. The exam is developed by the American Institute of Certified Public Accountants and uses the same ...
Article in Accounting & Finance

With tax season in full swing, some of your clients are likely panicking about the increasingly complex forms required by the Internal Revenue Service. Accountants are receiving ...
Article in Accounting & Finance

Paying income taxes in the United States can be confusing. Tax laws change yearly, new penalties get added or taken away, and tax deduction amounts rise or dip. Married couples ...
Article in Accounting & Finance

According to a new report from the Government Accountability Office, identity theft-related tax fraud is a huge problem. This form of tax fraud cost the Internal Revenue Service ...
Article in Accounting & Finance

As an accountant, you probably don't want to pass along unpleasant news to clients, especially during tax season. Not everyone ends up with the refund they anticipate when all the ...
Article in Accounting & Finance

Accountants can face a lot of stress in their careers, particularly when they are studying for the CPA exam. If you are struggling to stay calm in a difficult situation, try using ...
Article in Accounting & Finance

The best way to build a rapport with new clients is to be empathetic and show interest in their families. Demonstrating that you have good listening skills and can relate to their ...
Article in Accounting & Finance

An accounting internship is great for field experience and can be the deciding factor for a particular job you're seeking. Not only can an accounting internship teach you valuable ...
Article in Accounting & Finance

Offices that use a Rolodex, have computer screens with bright green lettering with a black background and contain rotary phones on each desk may have some issues with upgrading to ...
Article in Accounting & Finance

Accounting innovation can be something as simple as upgrading one piece of office software to run more efficiently or as complicated as constructing an entirely new office to ...
Article in Accounting & Finance

Overcoming obstacles, especially when it comes to finding your perfect job, makes the end result even sweeter. Accountants, accounting firms and accounting schools can find ...
Article in Accounting & Finance

The chief accountant of the Securities and Exchange Commission of the United States enforces accounting policy, improves public auditors, and ensures financial reporting is done ...
Article in Accounting & Finance

Traditional methods of accounting are rapidly transforming to accommodate business needs in the digital era. To embrace new ways of learning in the accounting industry as a ...
Article in Accounting & Finance

Earning new business through client networking represents the life blood of any accounting firm. Client networking builds initial trust, finds mutual interests and starts lifelong ...
Article in Accounting & Finance

On May 2014, SAC Capital Advisors, a hedge fund management firm owned by Stephen A. Cohen, announced sweeping changes to its internal compliance procedures. Among the most notable ...
Article in Accounting & Finance

Accountants and firms have until 2017, minimally, until a new revenue recognition standard goes into effect for companies that utilize FASB or IASB accounting standards. Two years ...
Article in Accounting & Finance

Hedge fund accountants may appear to have glamorous, behind-the-scenes positions in glittering skyscrapers in New York. Though it's important to make sure hedge funds stay on ...
Article in Accounting & Finance

Tax season is inevitably a busy time for accountants and businesses as they rush to prepare and file documents to the Internal Revenue Service. Challenges may be on the horizon ...
Article in Accounting & Finance

Accountants are often thought of as number crunchers rather than the happiest people on Earth. However, this career made Forbes' “Happiest Jobs in America List” and ...
Article in Accounting & Finance

The stereotypes of introverts and extroverts often cannot be distinguished in business leadership roles. Business professionals must interact with people on a regular basis, so no ...
Article in Accounting & Finance

Small business owners often agree that bookkeeping and taxes can be the most unpleasant part of owning a company. Sales tax hassles, expense reports, employee payroll and ...
Article in Accounting & Finance

Many accountants think CPA regulation is a four-letter word. More laws to navigate means more staff time to interpret accounting practices, accounting standards and income tax ...
Article in Accounting & Finance

The face of accounting is changing, and the future of your CPA firm is closely connected to how you respond to those changes. Although accounting firms are expected to grow in ...
Article in Accounting & Finance

Accounting firms that stay on top of the changes in the industry often uncover innovative procedures and practices. Hiring is no exception when it comes to analyzing accounting ...
Article in Accounting & Finance

Internal auditors in contemporary businesses spend countless hours poring over accounts, spreadsheets and emails trying to get an overall picture of a firm's financial stability. ...
Article in Accounting & Finance

Although around 60 percent of accountants were female in 2014, very few female accountants rise to the rank of partner. Technology provides opportunities for the top female ...
Article in Accounting & Finance

The demands of an accounting business include serving client needs big and small. Client relationships depend on a healthy rapport and trust when processing financial documents. ...
Article in Accounting & Finance

Most companies dread getting audited, whether the source comes from the IRS or from a public mandate because your organization has special tax considerations. Either way, audit ...
Article in Accounting & Finance

Work naturally seems to slip away when focus is lost during the day. Paperwork piles up, bills and ledgers continue to clutter your desk, and demands from higher management seem ...
Article in Accounting & Finance

Accountants come in handy to ensure companies turn a profit and maintain their books properly. During the first four months of each year, the role of accountants becomes ...
Article in Accounting & Finance

In the "Running Man" episode of the second season of the television crime drama NUMB3RS, Prof. Edward Eppes, a fictional character played by David Krumholtz, uses a data ...
Article in Accounting & Finance

One of the top five small business tax mistakes, according to Rowe Sanders LLC, a legal firm based in Watkinsville, GA, is failure to deduct valid business expenses from tax ...
Article in Accounting & Finance

Get ready to start the new year on the right financial footing with several year-end tax moves that can save you money when you file your returns. Even though the income tax ...
Article in Accounting & Finance

Over 50 temporary tax provisions that expired at the end of 2013 were renewed and extended on Dec. 16, 2014. These provisions were extended through Dec. 31, 2014, but they are ...
Article in Accounting & Finance

Adding clients to your roster is something you might be thinking about, but beyond those you already have, you might not know where to start. You could ask your current clients ...
Article in Accounting & Finance

The Internal Revenue Service wants to remind individual taxpayers and corporations about the rules regarding charitable contributions as everyone gets ready for the end of the tax ...
Article in Accounting & Finance

The U.S. House of Representatives voted to keep more than 50 income tax breaks on the books for one more year after they had originally expired at the end of 2013. The $42-billion ...
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Tackling a host of accounting projects in the office can leave both employees and managers taxed. By learning how to properly manage multiple projects, you can plan and execute ...
Article in Accounting & Finance

The 2015 tax season is almost here, and accountants must get customers prepared for April 15 at least five months early. Decisions made in November and December can change ...
Article in Accounting & Finance

On November 25th, 2014, the International Ethics Standards Board for Accountants (IESBA) released a draft of some important changes to their accounting rules. Entitled ...
Article in Accounting & Finance

The American Institute of Chartered Public Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA) have released some management accounting principles ...
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Cell phones, email, laptop computers, electronic accounting software and spreadsheets are all examples of business technology that has not only created the ability for businesses ...
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As the economy of the United States improves, many sectors foresee job growth. Corporate profit is predicted to grow 5 percent in 2014, leading to an increased need for ...
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Accountants who provide tax preparation services have one serious potential pitfall to keep in mind. An unhappy client always has the option of accusing you of accounting ...
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Although qualifications and skills are essential for any job search, they are not the only requirements. Networking is also important for career development. In order to succeed ...
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Growing a successful accounting practice happens one client at a time. New firms typically find their first accounting clients among their family and friends and through standard ...
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The provisions of the Affordable Care Act have finally taken effect, leaving Americans vulnerable to tax penalties if they do not have some type of health insurance coverage. As ...
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The secret to CPA success lies in focusing on exceeding expectations of the clients that accounting professionals serve together with other stakeholders. Hard work, diligence and ...
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Individuals don't come out of four-year accounting degree programs as automatic certified public accountants. Earning a CPA designation takes 30 additional hours of coursework ...
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If you are seeking a promotion, you need more than great accounting skills. Many employers are now looking for mid-level and senior accountants with the soft skills necessary for ...
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The market for accounting professionals is challenging and competitive, but it is projected to grow. Four sectors, in particular, are expected to grow the fastest, and job ...
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Professional users of QuickBooks software were recently introduced to major upgrades at Intuit's first ever QuickBooks Connect conference attended by 1,000 accountants, small ...
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Staying focused on a task can be tough, particularly when you have thoughts and worries competing for your attention. Thankfully, there are effective techniques that you can use ...
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As an accountant, you may already be using several industry-specific apps and feel it's time to check out some of the newest offerings. Doing that can take time, but a company ...
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Professional referrals are the lifeblood of any service industry. For accounting professionals, they are particularly valuable because of the importance and sensitivity of ...
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For many accounting professionals, working from home seems like a professional dream, especially when compared to long commutes and inflexible office hours. The reality, of ...
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Many accounting graduates are finding it difficult to launch strong, successful careers, despite all the reports of how much demand there is for accounting majors. There are ...
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The American Institute of CPAs recently urged smaller, privately held companies to adopt its new accounting guidelines called "Financial Reporting Framework for Small and ...
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In May 2014, Google announced that it was building a fleet of 100 driverless vehicles with no gear shifts, gas pedals, brakes – or steering wheels. The tech giant believes ...
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Although the Affordable Care Act has brought fantastic benefits to many previously uninsured Americans, it could also make the job of filling out tax forms more of a headache. ...
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A 1958 study cited by the CPA Journal revealed that stress levels for many public accountants spike during busy seasons. The frenetic pace of busy seasons may be the least of ...
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Mergers are a common occurrence among CPA firms of all sizes, particularly in the United States. In many cases, a corporate merger is designed to provide a wider selection of ...
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Cloud computing, an exciting new technology, allows you to eliminate the need for warehouses full of paper or even hard servers and drives. Being able to store your data virtually ...
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For many accounting professionals, joining a professional organization can seem like an unnecessary use of time and money. Before you write off the idea of joining a ...
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With the substantial limits placed on medical expense tax deductions, many Americans find it impossible to deduct any of their medical expenses. To take the deduction, a taxpayer ...
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Becoming a certified public accountant takes a lot of effort, but getting your CPA license can also open up a lot of career opportunities. If your personality is suited to being a ...
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A financial assistant can perform a variety of jobs, often working under the direction of a financial professional. Assistants are there to handle the daily tasks that are ...
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The financial industry hasn't always been the fastest to embrace new technologies, but banks and investment firms are finally starting to adopt new technological trends. These ...
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Small business owners need every possible edge to save money and earn profits, which is where accounting technology, computing services and business software come into play. Time ...
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If you are naturally adept at math, earning an accounting degree may be a good option for you. Accounting programs at most colleges typically consist of core classes in finance, ...
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Getting hired at top accounting firms can be difficult given the competitive nature of the field. Many accountants, both experienced and entry level, bring similar assets to the ...
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Accounting is an exciting field for business professionals with upwards of 1.2 million jobs in the United States as of 2014, according to the Bureau of Labor Statistics. As the ...
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Increasing numbers of MBA accounting grads are choosing to work as financial planners. Financial planning careers generally offer more flexible schedules, fewer total hours at ...
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That organic meal for workers at Google's headquarters in Silicon Valley may be a thing of the past if the IRS decides to pursue a corporate tax on free meals for employees. Tech ...
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For the vast majority of firms, taxes are the primary source of accounting deficiencies; however, inventory has been rapidly catching up and is now second on the list, according ...
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The cataclysmic global financial crisis of 2007 and 2008 sparked seismic shifts in attitudes towards risk management around the world. To prevent a recurrence of such crises, ...
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Productive meetings are one of the most elusive aspects of working, especially if a professional is working with a larger company. Meetings can be run aground for any number of ...
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Higher quality clients have the potential to lift your accounting practice to a new level. Attracting upscale clients with the ability to pay top prices for a job well done and ...
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Cloud accounting is one of the newest innovations in accounting, and businesses are turning to it to meet the challenges of the industry in the next generation. Consider the many ...
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If you are looking for accounting jobs, the location where you conduct your search can make a big difference to your chance of success. The financial staffing company Accounting ...
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Recent studies have shown that the temp job industry is one of the fastest-growing industries in the United States. Many companies that would have once hired semi-skilled workers ...
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When you're considering how to allocate your paycheck, you have a few options. If your employer offers a 401(k) plan, one of those options is to maximize your 401(k) contribution. ...
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Most professionals dream at least occasionally of starting their own firm or practice. Starting a solo accounting firm, for example, is a dream for many current and future ...
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A financial coach, also called a financial adviser or planner, is a professional who meets with clients and helps them manage their retirement plans, budgets, investments and ...
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Recent data shows that accounting practices generate higher average profit than any other industry. Coupled with a strong growth in accounting jobs, this statistic points to a ...
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The future of accounting jobs in the United States looks bright, thanks to this industry's high profitability. Recent figures show that accounting-related industries generate more ...
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Obamacare tax forms are likely to cause headaches for consumers as the 2015 tax deadline approaches. These forms are quite complex and can be daunting to consumers.The purpose of ...
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Cleaning up corporate taxes is proving to be a difficult job for U.S. legislators. A number of bills have been proposed to close tax loopholes, but politicians cannot agree on the ...
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The Internal Revenue Service has finalized guidelines for its whistleblower awards, the monetary payments made to citizens who turn in tax cheats. The guidelines go into effect ...
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Road taxes across the United States are rising as a lack of federal funding forces states to raise taxes to pay for the maintenance of roads and bridges. Since the beginning of ...
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In a July, 2014, address to the public, President Barack Obama made the controversial assertion that companies that use the tax loophole known as corporate inversion are ...
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In 2013, the Internal Revenue Service revealed that the government-run entity was targeting conservative groups filing for tax exempt status. In the ensuing federal investigation, ...
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Argentinian athlete Lionel Messi, who was just placed at #4 on Forbes' list of the 100 highest paid athletes, is now facing tax evasion charges that could send him behind bars. ...
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Big Data has made headlines in recent months for its potential to transform hiring and talent management, but it also has applications in the accounting industry. By using widely ...
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Hiring across industries tends to slow down during the summer months, and according to Investopedia, this is when job applications tend to become inactive. If you are looking for ...
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Tax planning can be an incredibly stressful task, especially for the unemployed. However, there are a few simple steps job seekers can take to ensure that they are making the most ...
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The IRS has long been a tool used by presidents to target political enemies and leverage systematic power against American citizens. Steve Forbes points out that Kennedy, ...
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A controversial Internal Revenue Service program faces another legal battle as the American Institute of Certified Public Accountants filed a federal lawsuit in July 2014 against ...
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Improper lobbying on behalf of audit clients by a subsidiary of Ernst & Young, Washington Council, has cost the company a reported $4.1 million dollars. The Securities and ...
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An increasing number of U.S. companies are moving their headquarters overseas in a complex maneuver commonly known as a corporate or tax inversion. Tax inversions reduce a ...
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Corporations in the United States pay a 39 percent corporate tax rate. Because of this, many corporate finance teams choose to place a corporation's profits in offshore accounts ...
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Landing new clients is often the results of days or even months of hard work. Once you're ready to begin working with new clients there are five questions that can help streamline ...
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Indiana, Rhode Island, Maryland and Idaho are just a few of the states seeing sizable corporate tax cuts as of July 1, 2014. Marking the beginning of the fiscal year for many ...
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Landing new clients is often the results of days or even months of hard work. Once you're ready to begin working with new clients there are five questions that can help streamline ...
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Strong accountants serve a vital role in the workplace, as they strive to keep a company's financial health in check. Just like any other arena within a modern organization, ...
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Evolving technological advancements, shifting consumer trends and new legal regulations constantly impact how businesses operate. The accounting department is not immune to these ...
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Every business, regardless of its size, must keep accurate financial records to remain successful. In-house accountants keep track of ongoing expenses, monitor financial accounts ...
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As your business grows, you may find that your current requirements have outstripped the capabilities of your accounting system. Before you jump into the first alternative you ...
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Tax breaks, subsidies and other incentives are a popular tool of states, cities and counties to create new jobs, but recent studies show they may be less effective at achieving ...
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Certain changes to revenue accounting standards are set to come into effect in 2017 that will change the time frame and manner in which companies do their books. Different ...
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Every accounting business has horror stories about difficult accounting clients who seem like more trouble than they are worth. Late-night phone calls, repeatedly misplaced ...
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A master of accounting degree adds value to your resume. A 2014 international survey of over 500 businesses by the Graduate Management Admission Council showed that 45 percent ...
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European Union officials ramped up their investigation in big company tax relationships with many European nations that may violate antitrust laws. These tax relationships in ...
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Trusting employees is both a risk and a necessity. While it is not necessary to treat every employee as a potential threat, at the same time, you also need to exercise caution, ...
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Working in temp jobs provides the unemployed with an opportunity to gain valuable experience and training. Not only do these positions help temporary employees work towards a ...
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In June 2014, car rental company Hertz announced that it needed to restate its financial results for 2011, as well as re-examine financial results for 2012 and 2013. The company ...
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Do you ever worry that your growth potential is limited by clients who are constantly price-shopping? Creating long-term business contacts is certainly the key to being a ...
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Of all industries, the accounting profession fared better than most during the recession. The current unemployment rate for accounting professionals is just 3 percent, which is ...
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While excessive soda consumption contributes to myriad health challenges, these sugary drinks enjoy massive popularity across the globe. Most jurisdictions tax sodas like any ...
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With 2013 and 2014 bringing an abundance of new accounting software tools to the market, accounting professionals have more choices than ever for keeping digital financial ...
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A nationwide poll conducted in May of 2014 shows that voters are increasingly worried about the national debt. Over 1,000 registered voters were surveyed by telephone with an ...
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Although accounting has become increasingly digitized, client interaction is still an important part of the profession. In addition to sharing financial information and presenting ...
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Digital work environments are no longer the wave of the future. Paperless offices, long-distance collaboration and computing in the cloud are already the standard for many ...
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Tax fraud involves either underreporting income, claiming too many tax credits, hiding money from the government through laundering or overstating deductions. Most of the culprits ...
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Finding new clients is the essential first step to starting and growing your accounting business. Accountants who are just starting out are sometimes tempted to accept any client ...
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Xero, the creator of Xero accounting software and a newcomer to the United States, has taken the number one spot on Forbes Magazine's 2014 Top 10 Innovative Growth Companies list. ...
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As any accountant knows, the profession involves far more than basic number crunching; great accountants are informed and aware, making them true assets to a company. If you're ...
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Many clients do not take the time to balance the books properly. Other clients are happy to let an accountant balance their books but do not make time to study or understand the ...
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If many of your accounting clients are expecting you to provide financial planning services for them, it can become an occupational pain. Informing and speaking with your ...
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According to the Bureau of Labor Statistics, accounting jobs are expected to grow "as fast as average" between 2012 and 2022. Competition is also expected to be keen, ...
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For large corporations with offices located around the globe, cloud-based software systems offer obvious advantages. One benefit is having a central location for data storage that ...
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Crowdfunding utilizes the power of the Internet to help business owners raise money by appealing directly to large numbers of small investors. Historically, investors ...
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On the surface, it may seem as though a start-up company is not large or complex enough to warrant an on-staff accountant. However, start-ups stand to benefit from the services of ...
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Although tax season has only just finished, accountants are already looking ahead to 2015 to help clients plan appropriately and lay the groundwork for a successful year-end tax ...
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Tax season can be a headache whether you're single or married with kids. The age old debate of whether it's better to be single or responsible for a family when the IRS comes to ...
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For most people, a credit card is like a financial lifeline. Credit credits are small, easy to carry, accepted in most retail and dining establishments, and are often safer than ...
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Failure to file your taxes often results in a myriad of unpleasant consequences. Late taxes leave you open to financial penalties, and the IRS also audits taxpayers who fail to ...
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Making a tax mistake slows processing, reduces the amount of the tax refund, increases the amount owed and increases the chances of getting audited. Your clients need help with ...
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Vault has recently released its annual Vault Accounting 50 list of the top accounting firms to work for. Vault uses a weighted formula to rank accounting firms based on prestige, ...
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A recent Congressional Budget Office report found that low-income earners face harsh tax penalties. The report found 37 percent of low-income earners face a total marginal tax ...
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When you need to file a late or amended tax return, confusion sets in. However, there are tips and tricks to filing even a very late tax return.The thing to know when dealing with ...
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If you have several years of experience as an accountant with a wide range of responsibilities, now is a great time to explore your career options. Many employers are having ...
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Your health savings account offers you significant benefits on your taxes. Not everyone understands, for example that they are allowed to deduct the contributions they make to ...
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If you are having trouble doing your taxes, you are not alone. Every year, Americans turn to online tax services or in-person tax advisers to help them complete their taxes. If ...
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Fantasy sports involve a lot of statistics and knowledge of specific sports. You need to follow the performances of the individual athletes, choose the players for your fantasy ...
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Small businesses looking to take advantage of the various technologies on the market that can be used to accept payments are most likely aware of the Square app. This iPhone, ...
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A recent U.S. Securities and Exchange Commission ruling underscores the importance of following accepted best accounting practices not just as a company, but as an individual. An ...
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When your clients cannot submit all of the information required to file their taxes or they try to make an appointment at the last minute before the deadline for filing arrives, ...
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The current version of the MFA, or Marketplace Fairness Act, passed the Senate on May 6, 2013, but Congress has yet to evaluate the proposed legislation. A congressional committee ...
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Thomson Reuters has released a report on the 3.8 percent net investment income tax that went into effect for fiscal year 2013, and its conclusions are that the new tax is ...
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A revolution began with the advent of the first accounting software for professional bookkeepers in the 1970s. That revolution has been furthered with the efflorescence of ...
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The Energy Tax Credit allows you to claim a credit on your taxes if you purchase energy-efficient appliances or make improvements to your home that reduces energy use, such as ...
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Since 2010, the U.S. Financial Accounting Standards Board and International Accounting Standards Board have debated the merits and mishaps of lease accounting. As a result, these ...
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If you are a financial service provider, consider introducing a financial record keeping service to your clients. These programs are not designed to replace your services. Rather, ...
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How do you negotiate with clients? It's one of the hardest skills to learn, but an essential skill to master. Whether you are a freelancer, a consultant or a member of a firm, ...
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The basics of accounting – identifying revenue and calculating expenses – remain unchanged. Accounting principles generally are the same whether you are seated before ...
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With technology changing overnight, it can seem daunting for an experienced accountant to keep up to date with the latest accounting technology. If you started your career during ...
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A recent Supreme Court ruling has helped solidify the proper tax treatment of severance pay packages from the employer's end. On March 25, 2014, the U.S. Supreme Court ruled that ...
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Many companies cringe at the prospect of an on-site audit, which can make your job as an auditor more difficult. Chasing hard-to-follow paper trails and attempting to make sense ...
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As a business owner, you need to know how the Affordable Care Act affects you in terms of small business taxes. In many cases, Obamacare actually provides tax credits for small ...
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As April 15 approaches, accountants gear up for a push to the finish line, with thousands of tax forms to fill out, each of which must be perfect and on time. Clients pressure the ...
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Actuary jobs involve analyzing risk using mathematics and financial theories. Actuaries also provide the statistical probability and cost associated with certain events. These ...
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A tax extension provides individuals and businesses with extra time to file their IRS tax forms. Six-month extensions are available to all taxpayers regardless of the reason the ...
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A tax collector is someone who works with local, state, or federal governments by communicating with taxpayers who owe money. The tax collector ensures individuals and businesses ...