January 2, 2013
Even though President Obama indicated only last Friday that the fiscal cliff deal likely to be produced by the January 1 deadline would be a basic package, lawmakers managed to come out with a surprisingly comprehensive set of tax provisions, some with long-lasting effects.
December 28, 2012
Being a CPA for a small business is harder now than ever. I hear plenty of stories from CPAs about how small business owners are suddenly turning to them for business advice, rather than just financial help.
December 27, 2012
The impact of a class-action settlement can be devastating for a company not just in terms of the potential financial settlement costs and related expenses, but also in terms of degradation to the financial statements.
December 19, 2012
Wednesday was a red-letter day for many accounting departments, as December 19 was the busiest day for submitting expense reports.
December 18, 2012
Effective end-of-year letters and other communication with tax prep clients are more than reminders that those clients should hire you to do 2012 returns.
December 14, 2012
What do you get when you take the best deals of the year, mix them with the spirit of the giving season and add in holiday wish lists a mile long?
December 12, 2012
With less than 30 days left in 2012, there is still time to do some year-end tax planning. This 2012 tax year is more difficult in that no one knows how the tax laws may change before the end of the year.
December 11, 2012
A recent Gallup survey found eight in 10 Americans consider it extremely or very important that Congress and President Obama agree on a plan to avoid the so-called fiscal cliff automatic budget cuts and the expiration of Bush-era tax increases set for Jan. 1.
December 10, 2012
Is complacency keeping your firm from being as successful as it could be?
December 6, 2012
Referrals and word of mouth remain the strongest marketing tool for tax preparers and other professionals, and as the 2013 tax season looms, here are some valuable tips for preparers to use referrals in their practice.
December 6, 2012
Most firms face the dilemma of keeping long-term managers who are major contributors to the firm, but for whatever reason are not ready to be equity partners, or who perhaps never will have what it takes to be equity partners.
December 5, 2012
The so-called fiscal cliff has politicians in Washington performing the political equivalent of a soap opera as they leave the country in suspense about whether they will manage to resolve a self-inflicted crisis in time to avoid a recession next year.
December 4, 2012
People who are interested in learning forensic accounting and economic crime investigation have found it has become much easier to do today.
November 30, 2012
A recent report from the federal accounting industry watchdog agency, the Public Company Accounting Oversight Board, found that the incidence of deficient audits performed by the Big Four accounting firms doubled in 2010, reaching a horrifying 33 percent.
November 29, 2012
What to do when your clients receive one of the IRSs four new under-reporting letters
November 28, 2012
Last week I moderated an Accounting Today Web Seminar on Tax Office Workflow. The response to the speakers, Chuck McCabe of The Income Tax School and Cathy Mueller of Peoples Income Tax, was enthusiastic, so much so that there wasnt time to address all of the audience questions. For the sake of the smaller, independent tax preparers, here are some of the questions, along with the responses from the speakers.
November 27, 2012
A recent federal appeals court decision has same-sex couples taking note. In Windsor v United States, the court allowed an estate tax marital deduction to the surviving spouse of a same-sex couple, striking down the Defense of Marriage Act definition of marriage as unconstitutional.
November 27, 2012
Accountants may be thought of as numbers people, but we can never forget that people arent numbers. As an industry its time for all of us to direct our focus to our young talented professionals.
November 26, 2012
We are obviously fans of creating a strong content marketing strategy for professional services firms.
November 21, 2012
It seems almost unimaginable for Hostess Brands to be going out of business, but the company seems determined to receive court approval of its bankruptcy plans, which will cost the jobs of more than 18,000 workers.
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May 21, 2013
A continued conversation with Marcums Nanette Lee Miller and Janis Cowhey McDonagh about the obstacles women in the accounting profession face when trying to make their way into leadership positions.
May 8, 2013
Institute of Management Accountants president and CEO Jeffrey Thomson discusses why accounting students should consider management accounting as a career, and the IMA's partnership with John Wiley & Sons.
May 5, 2013
The AICPA's annual list of IT priorities for accounting firms.
April 30, 2013
Our monthly collection of statistics from the world of tax.
April 29, 2013
Help your clients avoid these common pitfalls.
April 23, 2013
These five bad habits can make your confidential information -- and that of your clients -- easy to steal.
April 9, 2013
A selection of tax cartoons from Philly tax firm Drucker & Scaccetti's 'Finding Humor in Taxes' exhibit.