High Quality Work…Great Customer Service.
FreshBooks, which makes simple accounting software for small businesses, has introduced general ledger, trial balance and chart of accounts to its core accounting engine. The new offerings are meant to provide better tools for accountants who serve small-business clients that use FreshBooks to run their business. These new features beef up the basic features of […]
What’s holding your accounting firm back? Chances are it’s not your marketing, your business model or your methods holding your CPA firm captive — it’s your mindset. The single greatest factor determining your firm’s success and satisfaction is your mindset. Recently, 1st Global conducted a webcast with esteemed financial advisory coach and consultant Stephanie Bogan […]
The Financial Accounting Standards Board is proposing to modify the effective date of its Current Expected Credit Losses standard for non-public companies, giving many private banks and credit unions an extra year to get ready for the new rules, even though the effective date is technically only changing by one second past midnight. At a […]
Accounting firms should not only view current challenges in the profession as something to future-proof against, but opportunities to take advantage of, according to Scott Fleszar, vice president of product management at Thomson Reuters, speaking at the Accounting and Finance Show LA on Thursday. “To seize the expanding marketing opportunities today, and mitigate the risks, […]
The Internal Revenue Service now has the data to begin the analysis to calculate the potential penalties for tax year 2016 to be assessed against those organizations determined not to be in compliance with the ACA, according to the March 2018 report from the Treasury Inspector General for Tax Administration on the Affordable Care Act. […]
The Internal Revenue Service is showing signs that it’s planning to issue regulations on the deductibility of expenses for estates and trusts in the wake of the Tax Cuts and Jobs Act. Andrew Harrer/Bloomberg Earlier this month, the IRS and the Treasury Department issued a notice saying they intend to issue regulations around estates and […]
The House approved a repeal of the Affordable Care Act’s medical device tax, along with a bill that prohibits the IRS from rehiring any employee who was fired for misconduct. Implementation of the 2.3 percent excise tax has repeatedly been delayed by Congress ever since the passage of the ACA in 2010, in part thanks […]
One of the key changes introduced by the European Union’s General Data Protection Regulation relates to the issue of consent. To comply with GDPR rules, when dealing with data, a company must provide customers or clients with clear and easily understood requests for consent. These customers or clients must be able to easily give permission […]
Patrick T. Fallon/Bloomberg As firms across the accounting profession compete for talent, KPMG has upped the ante on the summer perks it offers its 30,000 U.S. employees. Among the rewards the Big Four firm is offering staff are $500 gift cards, a barbecue package from Omaha Steaks, summer office parties, and the opportunity to leave […]
In a case involving how expenses are allocated between corporate domestic and overseas operations, the Ninth Circuit Court of Appeals reversed on Tuesday the Tax Court’s decision, in a major win for the Internal Revenue Service against Intel’s subsidiary Altera. In the earlier decision, Altera Corp. v. Commissioner, 145 T.C. No. 3, the Tax Court […]
Powered by WordPress. AwesomeOne theme by Flythemes