June 22, 2015

Small Business Owners Breathing Easier

Owners of small businesses are finding their stress levels going down as the economy improves and their money troubles lessen.

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Posted by Michael Cohn at 05:10PM | Comments (0)

June 19, 2015

Summer Gadgets Preview

Pepcom’s Digital Experience tech event always showcases some eye-popping new products, and the latest on Thursday evening was no exception.

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Posted by Michael Cohn at 05:06PM | Comments (0)

June 18, 2015

Brothel Owner Protests Austrian Taxes

The owner of a brothel in Salzburg, Austria has found an innovative way to protest what he sees as punitive taxation and regulation of his industry: offering free sex and drinks to patrons all summer.

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Posted by Michael Cohn at 03:03PM | Comments (0)

June 17, 2015

Companies Selling Businesses Need to Beware of New FASB Rules

Companies that plan to sell or spin off part of their business should be aware of some recent changes in accounting standards for “discontinued operations” that are taking effect this year.

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Posted by Michael Cohn at 04:44PM | Comments (0)

June 16, 2015

Groups Challenge Walmart Foundation's Tax-Exempt Status

Thirteen community organizations have written a letter to IRS Commissioner John Koskinen asking the IRS to investigate whether the Walmart Foundation qualifies as exempt under Section 501(c)3 of the Tax Code.

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Posted by Michael Cohn at 04:28PM | Comments (4)

June 15, 2015

CFOs Taking More Working Vacations

Many CFOs have trouble separating themselves from the office during their summer vacations, according to a new survey.

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Posted by Michael Cohn at 03:27PM | Comments (0)

June 12, 2015

Investors Hope FASB and IASB Bridge Gulf on Credit Loss Standards

Investors and regulators are hoping to see the Financial Accounting Standards Board and the International Accounting Standards Board somehow reconcile their differing approaches to accounting for loan impairments and credit losses in their financial instruments project.

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Posted by Michael Cohn at 04:06PM | Comments (0)

June 11, 2015

Businesses Expand Abroad to Avoid Missing Opportunities

Business leaders are expanding their companies to foreign countries more out of a “fear of missing out,” rather than a positive desire for growth, according to a new survey by Grant Thornton.

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Posted by Michael Cohn at 01:12PM | Comments (0)

June 8, 2015

Accounting Scandal Flushes Away Profits at Toilet Maker

Lixil Group, the Japanese company that owns the American Standard brand of toilets, sinks and other bathroom fixtures, is seeing its profits go down the drain after the company reported accounting problems last week.

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Posted by Michael Cohn at 05:27PM | Comments (0)

June 5, 2015

Employers Added 280,000 Jobs in May, but Not in Accounting

The U.S. Bureau of Labor Statistics reported Friday that total nonfarm employment increased last month by 280,000, with job gains mostly occurring in professional and business services, leisure and hospitality, and health care. However, employment in accounting and bookkeeping services declined a bit.

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Posted by Michael Cohn at 06:09PM | Comments (0)


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