Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (
August 21, 2014
Businesses Paid $671 Billion in State and Local Taxes in 2013, Up 4.3%
Business taxes account for 44.9% of all state and local taxes.
August 20, 2014
Review Assesses Implementation of GASB Capital Asset Impairment Standard
An accounting standard for state and local governments that addresses the impairment of capital assets and insurance recoveries provides important information to users of financial statements and resolves some but not all of the issues underlying its purpose.
August 20, 2014
Proposal Would Simplify Accounting for Cloud Computing Fees Paid by Customers
As part of its simplification initiative, the Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update intended to simplify the accounting for a customer’s fees paid in a cloud computing arrangement.
August 20, 2014
This Way to CPA: Accounting Competition Challenges Undergrads
The American Institute of CPAs has opened the enrollment period for the 2014 Accounting Competition, with a total of $40,000 in awards at stake. The fifth annual competition challenges teams of undergraduates to play the role of management accountants and combine their accounting and financial expertise with strategic insight to help guide business decisions.
August 20, 2014
UltraTax CS Wins Award From Kansas Secretary of State
UltraTax CS, the professional tax compliance system from Thomson Reuters, recently received a NASS Medallion Award from Kansas Secretary of State Kris Kobach. The award was presented in honor of a new state-of-the-art innovation in electronic tax preparation for business customers. It was presented on August 18 during a press conference in Leawood, Kansas.
August 20, 2014
Freshbooks Debuts New Accountant Center for Cloud Accounting
FreshBooks has introduced its new Freshbooks Accountant Center, which is free for accountants with clients using Freshbooks.
August 20, 2014
Report: IRS Needs to Improve Medical Device Excise Tax Program
The Internal Revenue Service (IRS) needs to improve its strategy to ensure accurate reporting and payment of the Medical Device Excise Tax, according to a new report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA).
August 20, 2014
The Top 5 Small Business Issues of the 2014 Elections
As campaign season officially swings into high gear, here are the top five issues of importance to the country’s small business owners this election year.
August 19, 2014
New System Focused on Accounting and Taxes for Bitcoin
LibraTax is designed to help balance the Bitcoin books by optimizing capital gains/loss reporting on virtual currency transactions.
August 19, 2014
Gettry Marcus Named Finalist for Small Business HIA Achievement Award
Gettry Marcus CPA, P.C. is proud to have been named a finalist for an HIA Achievement Award in the category of Small Business.
August 19, 2014
AICPA Hits New Membership High of 400,000
The American Institute of CPAs announced on Wednesday that it recently hit the 400,000 member mark, a milestone the organization says underscores the continuing value and vitality of the organization and the accounting profession as well.
August 18, 2014
NetDocuments Names New CEO, Receives $25M Investment
Cloud-based document and email management provider NetDocuments has announced that Matt Duncan has taken the helm as the company's new chief executive officer.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
