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The American Institute of CPAs has thrown down the proverbial gauntlet to the Financial Accounting Foundation, passing a resolution giving its board the option to create a separate body to develop accounting standards for private companies.
November 1 -
Accounting firms that have been able to report increased revenues during the economic downturn often have niche services, strategic promotion of these services, and a hard push behind their best people and expertise to thank for that growth.
November 1 -
Most accountants involved in tax preparation are already involved in financial planning, even though they might not realize it.
November 1 -
Many of you, I'm sure, have been reading that the U.S. Postal Service is on the precipice of default, struggling to avoid austerity measures in the face of its deficit, which, according to reports, will reach $9.2 billion this year.
November 1 -
The increased exposure to risk from the deteriorating economy is one of the factors that accountants need to consider when deciding what professional liability policy and which limits to purchase.
November 1 -
In an era of constantly changing tax laws where provisions expire annually and congressional tinkering is constant, the worker classification system - whether a worker should be treated as an employee or an independent contractor - has remained relatively unchanged for years. Yet that system has generated so much uncertainty that calls for reform have been continuous over the same period of time.
November 1 -
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Years ago I used to work for a guy named Mike. He was the chief financial officer at the company where we both worked, and I was his controller. Mike, if you're reading this, you know who you are. You were the ultimate CFO.
November 1 -
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Ptolemy presented his model of the Earth-centered universe in the Second Century AD. It was another 1,200 years before Copernicus's theory of the Earth rotating around the Sun gained traction, with some refinements added along the way. Opposition came from opposing theological viewpoints, as well as the natural reluctance to adapt new ideas. That same reluctance to adapt to changing realities persists in our "high-tech" world.
November 1