July 19, 2013
Captive insurance companies, once the exotic plaything of large corporations, are now open and advantageous to much smaller companies. But most accountants dont know enough about captive insurance companies to advise their business clients on the advantages of starting their own, according to Brian McCormick and Jerry Messick of Elevate Captives LLC.
July 18, 2013
There is no question that the most profitable firms (defined as high per partner income) in our profession have figured out that leverage and a well managed pyramid is one of the key ingredients. Why is it then that so many firms, and I would suggest the majority, are struggling with just the opposite an upside-down or inverted pyramid where there are lots of partners and managers but few staff.
July 17, 2013
The unthinkable happened to me. My office was burglarized and a computer stolen containing all of my clients personal information! This is my cautionary tale for my colleagueswe have become targets in the IRS identity theft epidemic.
New AICPA Guidance Introduces Backsolve and Hybrid Approaches for Valuing Complex Equity Capital StructuresJuly 16, 2013
With the formal release of the 2013 AICPA Guide, Valuation of Privately-Held Company Equity Securities Issued as Compensation, there are two valuation concepts that are new to the updated guide, but are already in fairly wide use.
July 15, 2013
I read an article recently on AmEx OpenForum that I found profoundly disturbing. It seems that if you aren't happy in your job, you are not alone. In fact, you are in the majority!
July 12, 2013
Theres more to estate planning than simply trying to minimize taxes under the provisions of a will and various trusts, as criticism over the will of the late James Gandolfini attests. A number of estate experts have weighed in the provisions of the will, which was filed last week in Manhattan Surrogates Court.
July 11, 2013
Being entrepreneurial doesnt end at starting a business; it means constantly striving to perfect your business model and quickly and continually adapting to change.
July 9, 2013
The watchdog group Citizens for Ethics and Responsibility in Washington had a big surprise during a conference call with reporters Tuesday to announce the latest complaint CREW had filed with the Internal Revenue Service: the subject of the complaint joined the call and defended himself.
July 9, 2013
I believe that opportunity provides an open door to a limitless future. I also believe that every young personno matter their race, gender, orientation or disabilityshould be afforded the exposure to these opportunities.
July 8, 2013
The National Association of Professional Employer Organizations has grown in membership, revenue and clout since its inception in 1984.
July 3, 2013
The National Taxpayer Advocate submits two annual reports to the Ways and Means Committee and the Senate Finance Committee each year.
July 2, 2013
Take immediate action to get your firm on the right track.
July 1, 2013
Beginning Jan. 1, 2014, many large employers will be subject to the "play or pay" mandate, under which they must either play by offering their full-time employees and their dependents affordable health insurance coverage that provides minimum value or pay a penalty, referred to as the "play or pay penalty" or "shared responsibility penalty."
June 28, 2013
The next time a client complains about the complexity of our tax system, tell them about the proposed financial transactions tax, or FTT. The European Union is moving close to agreeing on an FTT that at the beginning will apply to 11 member states, including France and Italy.
June 27, 2013
CPA firms are wrestling their way through partner retirements and the accompanying succession issues in numbers that the profession has never seen before.
June 26, 2013
Actor Stacy Keach, who narrates the CNBC TV series American Greed, praised the efforts of the fraud examiners whose efforts put behind bars many of the perpetrators whose crimes are chronicled on his show.
June 25, 2013
Investors have a bit more to ponder as the administration rolls out its tax program, designed to both address the federal budget deficit and promote economic development.
June 24, 2013
Electronic signatures became effective in the United States on October 1, 2000 when Congress passed the Electronic Signatures in Global and National Commerce Act.
June 21, 2013
Staffing is among the top management issues facing CPA firms, according to a recent survey by Sageworks, a financial information company. Thats not surprising, considering many firms are experiencing a staffing crisis as they lose significant percentages of top staff.
June 19, 2013
The Internal Revenue Services string of video parodies unfortunately may be nearing an end, now that outraged lawmakers in Congress have put a series of IRS commissioners, acting commissioners, deputy commissioners and ex-commissioners on the hot seat.
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December 5, 2013
U.S. Wealth Management chairman and CEO John Napolitano talks about the unappreciated qualities that make up a great financial planner.
December 4, 2013
Ed Mendlowitz, a partner at WithumSmith+Brown, discusses how small CPA firms can benefit from conferences like Accounting Today's recent Growth & Profitability Summit.
December 9, 2013
Our editors picks for the 10 biggest stories of the year in tax
November 26, 2013
For these ten entertainers, almost doesn't count.
November 22, 2013
Accounting Today recognizes accountings best workplaces.
November 15, 2013
10 concepts that could be the Next Big Thing for your firm and the profession.
November 8, 2013
Our annual list of innovative accounting resellers.