Accounting
Latest News
Review of CYMA Payroll- The Accounting Technology Lab Podcast – August 2024
Report Shows Hybrid Work is Good for Business
Retail Sales Grew in July
AICPA Asks IRS to Simplify Filing of Revised Form 8308, Exchanges of Partnership Interests
Accountant Wins Case To Deduct MBA Expenses
Is the cost of the education deductible? The odds are often stacked against it, especially if you’re pursuing an advanced degree. Nevertheless, an accountant in a new Tax Court case was able write off the costs of an MBA program.
Libertarian Presidential Candidate Gary Johnson Proposes Complete Overhaul of Taxes and IRS
It barely caused a ripple on the national scene, but Gary Johnson, former governor of New Mexico, captured the Libertarian party’s nomination for president back in May. Since the announcement, Johnson has mostly been a sideshow to the main event ...
New Guidelines for Reporting for Not-for-Profits
The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that simplifies and improves how a not-for-profit organization classifies its net assets, as well as the information it presents in financial statements ...
What the Future Holds for Accountancy
Everyday, across continents, time and money is being squandered on old accounting practices. Of the United States’ 29 million SMBs (Small and Medium sized Businesses), just five million use dedicated accountancy software. This leaves some 24 million ...
Does the S-Corp Premium Really Exist?
The underlying argument is whether an entity that does not pay taxes is inherently more valuable due solely to this tax status. Should additional value be awarded to an entity that made a tax-based election that many other companies could easily make?
Ransomware: Is Your Accounting Firm At Risk?
Ransomware is a type of malicious software that encrypts files, blocks access to computer systems then requires an anonymous payment, and has the ability to make a dramatic and devastating impact on your business. A recent report released by the FBI ...
The Ultimate “Best Practice” for Accounting Firms
The summer and fall months officially kick off conference season. Where you send out your best and brightest to learn and explore from their peers and “bring back great ideas”. And many conferences do their part to help facilitate the sharing of great ...
Growth? Innovation? Productivity? Too Much or Too Little?
Observing the new normal of slow business growth raises the question: what’s the next big thing? Likewise, it is reasonable to ask if we are doing the right thing. In other sections of this month’s publication there is coverage on both document ...