Accounting

 AICPA Accepting Applications for Accounting Scholars Workshop

January 27, 2014 

AICPA Accepting Applications for Accounting Scholars Workshop

Applications for the AICPA's Accounting Scholars Leadership Workshop are now being accepted. Now in their 20th year, the Workshops are an annual invitational program for minority accounting students who plan to pursue the CPA designation.

 Deadline for Forms W-2 and 1099 is on Friday, Jan. 31

January 27, 2014 

Deadline for Forms W-2 and 1099 is on Friday, Jan. 31

Those who paid regular employees or used a contractor for more than $600 in work have until Jan. 31, 2014, to provide the appropriate wage and income reporting form – a W-2 or 1099-MISC – to all recipients. For those who procrastinate, sorting through the various IRS reporting requirements at the last minute can make…

pay-federal-income-tax1

January 27, 2014 

H&R Block Stops Income Tax Ads on Dollar Bills After Complaints

The tax preparation company has been handing out real dollars bearing its marketing message for this year's tax season. There's a toll-free phone number to call Block, a Web address and even a footnoted disclaimer that not everyone gets a tax refund.

 Rethinking The Social Media Strategy

January 24, 2014 

Rethinking The Social Media Strategy

It is popular among my learned accounting colleagues to portray the elders of the profession who have not signed on to the concept of a Social Media Strategy as some kinds of latter day Luddites.

Dave McClure

 IRS Modifies Automatic Consent Rule for Method of Accounting

January 24, 2014 

IRS Modifies Automatic Consent Rule for Method of Accounting

The Internal Revenue Service has announced the release of Revenue Procedure 2014-16, which modifies the procedures for obtaining the automatic consent of the Commissioner for certain changes in methods of accounting for amounts paid to acquire, produce, or improve tangible property.

 Some Restaurants Dropping Automatic Tips For Large Groups

January 23, 2014 

Some Restaurants Dropping Automatic Tips For Large Groups

Like most other restaurants in Maine, DiMillo's On the Water in Portland says it will no longer charge automatic gratuities for most large groups now that a change in the federal income tax code has closed a long-standing loophole.

Change-in-Nonfarm-Private-Employment-December-2013

January 22, 2014 

Report: December Was Strongest Jobs Growth Month in 2013

U.S. private-sector franchise jobs increased by 30,250 during the month of December 2013, according to the ADP National Franchise Report. BThe report measures monthly changes in franchise employment derived from ADP’s actual transactional payroll data.

 Experts Warn of Scam Emails About Data Breach at Target

January 22, 2014 

Experts Warn of Scam Emails About Data Breach at Target

In the aftermath of the data breach that potentially exposed the credit and debit card information for 80 million shoppers, Target sent out an official email stating that the company would offer one free year of credit monitoring through Experian.