February 3, 2015

How Business Structure Affects Taxes

As Congress begins to digest President Obamaís proposals for changes in how to tax the foreign earnings of U.S. multinational companies, a brief refresher on business structure might be useful.

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Posted by Michael Cohn at 03:20PM | Comments (3)

February 2, 2015

IIA Readies Internal Audit Survey

The Institute of Internal Auditors is sending out a survey in 23 languages to internal auditors around the world in an effort to gauge the opinions of audit professionals across the globe.

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Posted by Michael Cohn at 05:37PM | Comments (0)

January 30, 2015

U.S. Multinationals Repatriate $12 Billion+ Tax Free

A new study finds that U.S.-based multinational corporations move an average of $12 billion in taxable income back into the country each year without paying taxes, thanks to complex mergers and acquisitions.

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Posted by Michael Cohn at 04:56PM | Comments (1)

January 29, 2015

The Burden of Accounting and Taxes on Small Business

The small business mentoring organization SCORE has compiled some new statistics demonstrating how much time and money small businesses spend each year on accounting, taxes and payroll administration.

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Posted by Michael Cohn at 04:28PM | Comments (7)

January 27, 2015

10 Conversation Starters Clients Love to Answer

Itís often a challenge to get clients to open up when they come in for their annual appointment during busy season. Maureen Schwartz, executive director of the global public accounting firm association BKR International, offers these 10 conversation starters to ask your clients.

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Posted by Michael Cohn at 01:11PM | Comments (1)

January 26, 2015

Deflationary Spending: PwC Expects Super Bowl to Generate $206 Million for Phoenix

PricewaterhouseCoopers is forecasting Super Bowl XLIX will generate approximately $206 million in direct spending in the greater Phoenix area, and thatís not adjusting for deflation, so to speak.

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Posted by at 04:08PM | Comments (0)

January 23, 2015

IRS and Treasury Plan Rules for Charter School Employee Retirement Plans

The Internal Revenue Service and the Treasury Department have issued a notice saying they anticipate issuing proposed regulations that would permit a state or local retirement system that is a governmental plan to cover public charter school employees if certain requirements are satisfied.

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Posted by Michael Cohn at 05:30PM | Comments (1)

January 22, 2015

Prepare for New Revenue Recognition Standard, Even if It’s Delayed

The Financial Accounting Standards Board is still in the process of deciding whether the revenue recognition standard that it converged last year with the International Accounting Standards Board should be delayed to allow more companies to adjust to it before the new rules take effect in 2017. But that doesnít mean companies should wait in case thereís a postponement.

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Posted by Michael Cohn at 11:46AM | Comments (2)

January 20, 2015

Valuations Can Offer New Business for Accountants

Accountants who offer business valuation services can bring in new business for their practices, although perhaps not as frequently as they would get from more familiar bread-and-butter services.

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Posted by Michael Cohn at 05:50PM | Comments (3)

January 15, 2015

States Tax Poor More Heavily than Ultra-rich

A new report finds that every state tax system, with the exception of the District of Columbia, taxes its poorest residents at significantly higher tax rates than the wealthiest 1 percent of taxpayers.

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Posted by Michael Cohn at 04:44PM | Comments (5)


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