States Could Improve Business Tax Compliance By Sharing Data

June 13, 2016 

States Could Improve Business Tax Compliance By Sharing Data

Business tax non-compliance is a problem that plagues states across the U.S., but could be improved if states were able to more easily share data, according to new research by the Governing Institute. The survey of tax and revenue officials across 29 ...

 Almost 2/3 of Millennials Don’t Have A Credit Card

June 13, 2016 

Almost 2/3 of Millennials Don’t Have A Credit Card

Overall, the poor and less educated are the least likely to own credit cards. 72% of people who make less than $30,000 per year do not own a credit card, compared to only 18% of those who are card-less and make over $75,000.

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June 13, 2016 

Asset Managers Increase Focus On Risk Management Coordination

Asset managers continue to struggle with implementing a coordinated risk management approach across their organization, despite risk governance becoming a CEO and board-level priority for asset managers, according to EY's Risk management gaining ...

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June 13, 2016 

Nominations Being Accepted for 2016 40 Under 40 Awards

Help CPA Practice Advisor recognize the most influential young members of the accounting profession. If you know someone deserving of this recognition, please let us know. There is no cost to the program at all.

 Salaries Increase for Financial Execs as Talent War Looms

June 13, 2016 

Salaries Increase for Financial Execs as Talent War Looms

While employers across the board project average pay increases of 3.1 percent, the Grant Thornton/FERF survey results include a note of caution: With a battle for talent likely looming, it might be more than pay that wins the war for financial executives.

 What To Do If Your Firm Gets Hacked

June 13, 2016 

What To Do If Your Firm Gets Hacked

If your systems have been compromised, there are a number of steps to take immediately. These actions should be outlined in your firm’s incident response plan. If you don’t have one, you should work with your legal counsel and other specialists to ...

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June 13, 2016 

How Investors Can Salvage Tax Losses With the Wash Sale Rule

Beware of the "wash sale" rule. This rule says you can't deduct the loss from the sale of securities if you buy "substantially identical" securities within 30 days before or after the loss sale. The disallowed loss is added to your basis in the new stock.

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June 10, 2016 

SMB Accounting – What’s Up With This Market?

Most of you who know me understand that I’ve had the privilege of having a long career in technology. The opportunities to help vendors build hardware products, as well as networking, productivity, accounting and document management software have been som

Randy Johnston

 Cybersecurity Becomes Lucrative Market for Big 4 Firms

June 10, 2016 

Cybersecurity Becomes Lucrative Market for Big 4 Firms

Risk & regulatory work across the U.S. consulting market grew strongly by 7.8 percent to over $14 billion, but cybersecurity work is what’s really hot for many firms, including the Big Four - as headline-grabbing news stories have struck fear into the ...

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June 10, 2016 

Change Is Imminent (In Accounting)

In order to remain above the competition and provide the most up-to-date accounting skills, it’s wise to stay informed on what’s affecting the world of accounting and what kind of an impact it has on the overall health of the accounting industry.