Accounting
Are There Enough IPOs to Accelerate Growth in Middle Market?
A new report shows that even though IPOs have increased this year, too few are on track for the rest of 2014.
Isaac M. O'Bannon
Managing Editor
isaac.obannon@cpapracticeadvisor.com
Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies.
Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Email: isaac.obannon - @ - cpapracticeadvisor.com
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Accounting
FASB Simplifies Inventory Management Guidelines
As part of an initiative towards simplifying accounting standards, the Financial Accounting Standards Board (FASB) has issued two proposed updates that are meant to ease the measurement of inventory and eliminate the requirements for extraordinary items
Firm Management
Free CPE Webcast to Look at Data Management for Accounting Firms
Learn effective data management strategies for optimizing client performance.
Sales Tax
Texas Back-to-School Sales Tax Holiday Has Strange List of Exempt Items
Earlier this year, the Texas state legislature voted to create a sales tax holiday that will coincide with the back-to-school time frame. The state has had a back-to-school sales tax holiday each year since 1999.
Accounting
Intuit CEO Brad Smith Discusses Small Business Finances with President Obama
Brad Smith, the CEO of Intuit, which makes QuickBooks, TurboTax and many other personal and small business management systems, met with President Barack Obama on Friday to discuss how big business and government can work together to support small business. Smith joined other leading executives at a roundtable discussion during which the companies will champion new ways of helping finance small businesses to help them grow and succeed.
Accounting
National Society of Accountants Announces 2014 Scholarship Winners
A total of 33 students have earned scholarships from the National Society of Accountants (NSA) Scholarship Foundation. Together, they will receive $34,450 in scholarship awards.
Accounting
Mortgage Rates Rise Slightly on Jobs Report
Mortgage rates increased slightly following an improved jobs report from the Labor Department, according to mortgage news and comparison site, Bankrate.com. the benchmark 30-year fixed mortgage rate rising to 4.31 percent, and the average 30-year fixed mortgage has an average of 0.33 discount and origination points.
Accounting
FASB Seeks Changes to Simplify GAAP
As part of a new initiative to reduce complexity in accounting standards, the Financial Accounting Standards Board (FASB) has added two short-term projects to its agenda to simplify Generally Accepted Accounting Principles (GAAP).
Income Tax
Report Says IRS Should Revise Form 1040
A new report by the agency that oversees the Internal Revenue Service says it's time to revise the ubiquitous Form 1040, the form used by individual taxpayers to report their annual income.
Accounting
PCAOB Settles Suit Against Former Big 4 Accountant
Alleged violations involved ignoring or failing to properly address signs of improperly recognized revenue in significant unusual transactions.
Accounting
MOVE Project Ranks Best Public Accounting Firms for Women
After evaluating accounting firms across the country on a variety of aspects including firm culture and partnership opportunity, the MOVE Project has released its fifth annual rankings of the best firms for female professionals. The MOVE Project is sponsored by the Accounting & Financial Women’s Alliance.
Accounting
Small Business Economy Sees Modest Growth
Increases in small business lending, new business formations and a leading microcap index suggest that the small business economy is continuing to see modest growth, according to the latest SB Authority Index from Newtek Business Services.