Latest Articles

October 31, 2016 

America’s 28 million small businesses are especially at risk. According to a report published earlier this year, almost half of cyber-attacks worldwide are against businesses with less than 250 workers. Every time a small business owner connects to ...

October 31, 2016 

Workers of all income levels are taking on side work. Nearly 1 in 5 workers making more than $75k (18 percent) and 12 percent of those making more than $100k currently have a gig outside of their full time job. This is compared to a third of workers ...

October 31, 2016 

When asked why they called in sick when they were feeling well, 28 percent said they just didn’t feel like going in to work and 27 percent took the day off to attend a doctor’s appointment. Another 24 percent said they needed to just relax and 18 ...

October 31, 2016 

The Governmental Accounting Standards Board (GASB) has issued an Exposure Draft of a proposed Implementation Guide that contains questions and answers intended to clarify, explain, or elaborate on the requirements of GASB Statement No. 74, Financial ...

October 30, 2016 

Generally, individuals are required to submit personal tax returns to the IRS by April 15h, or October 15th if an extension is requested. As part of its overall enforcement strategy, the IRS attempts to identify and notify taxpayers who do not file a ...

October 28, 2016 

Intuit and PayPal expand their partnership to streamline payments in efforts to help small businesses get paid faster.

October 28, 2016 

Anyone who prepares or helps prepare any federal tax return, or claim for refund, for compensation must have a valid PTIN from the IRS. The PTIN must be used as the identifying number on returns prepared.

Accounting October 27, 2016 

The new overtime regulations will have a significant impact on some businesses. In the meantime, businesses can use the next several months to analyze their labor and productivity, and get a better understanding of what they will need to change to ...

Isaac M. O'Bannon

October 27, 2016 

Continuing to grow the business valuation practice is an ongoing concern for many practitioners. The one-and-done nature of many types of valuations means that repeat business with the same client isn’t as common as it is for some other professional ...

October 27, 2016 

As part of the agreement, the 2017 Wiley Advantage Audit series will only be available digitally and distributed solely through the AuditFile platform. Wiley Advantage Audit is an easy to use, risk-based audit planning aid and audit program series ...

October 27, 2016 

Oil and gas entity audits are provided by many CPA firms across the U.S. These services are often required because the entity is either a public company with stock traded on a national exchange or has debt requiring audited financial statements.

October 27, 2016 

Taxpayers can make this election on an original return or an amended return. Prior to the new ruling, taxpayers effectively had until the due date of the return for the year of the disaster, without any extensions, to make the election.