Latest Articles

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November 20, 2017 

GMS Partners with Ohio Association of Community Action Agencies

Grants Management Systems (GMS), developer of accounting and revolving loan software for nonprofits, is partnering with the Ohio Association of Community Action Agencies (OACAA) to offer a one-day accounting software user training on January 23, 2018 from 8:00 am to 5:00 pm at the Sheraton on Capitol Square in Columbus, OH. GMS will kick off...…

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November 20, 2017 

Helping your Small Business Clients Avoid an Audit

As a business advisor, it is your job to not only be your small business clients’ biggest fan, but more importantly, their biggest critic. Do not hesitate to provide clients with pointed suggestions and voice concerns when you feel that they are ...

 November 2017 Small Business Channel

November 20, 2017 

November 2017 Small Business Channel

Veteran Business Owners Thriving, Extremely Upbeat on Economy By Isaac M. O’Bannon, Managing Editor Optimism among veteran small business owners is outpacing the nation’s small businesses as a whole, according to this year’s Allstate/USA Today Small Business Barometer. The annual index study released new data ahead of Veterans Day showing that veteran entrepreneurs’ optimism is...…

 November 2017 Firm Management Channel

November 20, 2017 

November 2017 Firm Management Channel

Accounting Firm Cybersecurity: Training Your Staff and Protecting Your Business By Christina Wiseman, Thomson Reuters From the Thomson Reuters blog. It probably won’t surprise you to hear that tax identity theft is on the rise. In response to this increase in tax-related ID theft, last year the IRS rolled out new security requirements that recommended...…

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November 20, 2017 

Business Continuity and the Cloud for Accounting Firms

When hurricane Harvey approached Houston, Wesley Middleton of MiddletonRaines+Zapata didn’t have to worry about his firm’s business continuity plan. At the recent CCH Connections: User Conference 2017, Middleton talked to Jody Padar (the Radical CPA) ...

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November 20, 2017 

GASB Clarifies Guidance on Majority Equity Interests

The Governmental Accounting Standards Board (GASB) has proposed guidance that would clarify the accounting and financial reporting for a state or local government’s majority equity interest in an organization that remains legally separate after ...

 Small Business Revenues and Confidence Surge

November 20, 2017 

Small Business Revenues and Confidence Surge

The positive outlook on the economy bodes well for growth, as 92 percent of small business owners indicated that a positive economic environment is a critical factor to their ability to grow. Other growth factors include customer demand (93 percent), ...

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November 20, 2017 

November 2017 Payroll Channel

The IRS has announced the 2018 cost-of-living adjustments (COLAs) with respect to retirement plan limits. Many limits, which are adjusted by reference to Code Sec. 415(d), are changed for 2018 since the increase in the cost-of-living index met the ...