Small business

The Financial Accounting Standards Board has proposed an accounting standards update to reduce the cost and complexity of financial reporting related to the consolidation of variable interest entities, based on recommendations from FASB’s sister organization, the Private Company Council.

Accountants and other financial advisers know better than most how busy small business owners are and how much they value any advice, resources or tools that can help them save time, particularly on administrative tasks.

An official from the American Institute of CPAs testified Wednesday before the Senate’s Small Business and Entrepreneurship Committee in favoring of lowering taxes for small businesses as much as corporations.

Sageworks has released an e-book that provides technology advice to accountants and other business advisors.

Thomson Reuters has introduced a new certificate program for accountants who want to help their clients launch small business startups.

Small firm accountants do it all, not just the wide variety of services.

Clients are focused on sales, delivering products and services, and growth, but many of them don’t understand how to consistently stay profitable. That’s where their accountant comes in.

Job growth at small businesses dipped in May for the third month in a row, but hourly earnings rose 2.87 percent ($0.72) to an average of $25.76 compared to a year ago, according to payroll giant Paychex.

Representatives of the small-firm organization made their annual trip trek to D.C. to present reforms that would help members and their clients.