Latest Articles

May 22, 2016 

Most expatriate U.S. citizens need to file by June 15, 2016. Taxpayers who need to file an FBAR (Foreign Bank and Financial Account Report) must file by June 30. More than 1 million taxpayers filed an FBAR in 2015. Taxpayers with foreign assets, even ...

May 20, 2016 

Intacct (Internet Accounting) has the broadest and deepest feature set of all the programs reviewed. In addition to the core accounting applications, Intacct offers cash management, order management, inventory management, purchasing, project accounting, multi-entity and global consolidations, time and expense management and more. From the 2016 Reviews of Virtual CFO Accounting Systems. All of these...…

John Higgins

May 20, 2016 

Xero is a relatively new comer to the U.S. market, but is a market leader in New Zealand, Australia and the UK cloud accounting markets. Xero accounting is 100% web based software that is targeted towards small and mid-size businesses and competes directly with QuickBooks Online. Xero is marketed directly to businesses, however, Xero has...…

John Higgins

May 20, 2016 

QuickBooks for the desktop has been the undisputed market leader in small business accounting software for the past two decades. Intuit is working to replicate and exceed that success with QuickBooks Online (QBO.) QBO is a comprehensive accounting system that can be extended to meet the specific needs of industry niches through the expansive catalog...…

John Higgins

May 20, 2016 

Accounting CS from Thomson Reuters is part of a complete suite of accounting practice applications. The CS suite of applications is one of the market leaders in accounting firm software. The full suite includes: client accounting, payroll, tax preparation, client portal, engagement management, document management, workpaper, workflow management and more. From the 2016 Reviews of...…

John Higgins

May 20, 2016 

Accounting Power from AccountantsWorld, Inc. was previously marketed as Accounting Relief for many years. They were one of the first to market in terms of providing accountants with a 100% cloud based client accounting solution. Of the five solutions we have reviewed, Accounting Power and Accounting CS from Thomson Reuters are the only two that...…

May 20, 2016 

We have reviewed five of the top selling cloud-based accounting solutions that offer a fully integrated small business accounting system, as well as the tools for an accounting practice to manage and monitor multiple clients.

John Higgins

May 20, 2016 

CPAs, EAs and other tax professionals can register online for the 2016 IRS Nationwide Tax Forums for an opportunity to earn up to 19 continuing professional education credits at any of the five forums held throughout the country beginning this July.

May 20, 2016 

A crisis is a litmus test for effectiveness of a company's reputation. And the skills, commitment and judgement of management and the board of directors will determine how well the enterprise weathers the storm.

May 20, 2016 

Non-GAAP measures and other key performance indicators (KPI’s) have made headlines recently as more and more companies are including non-GAAP measures in their SEC filings and public communications.

May 20, 2016 

We surveyed members of the 40 Under 40 class of 2015 to find out about the apps they swear by. Here are some of the responses we received. Kacee Johnson, founder of Blue Ocean Principles, relies on Time Buddy. “It’s a time zone converter and world clock that assists in scheduling meetings for people in...…

Gail Perry

May 19, 2016 

With more accounting firms consolidating, the management of multiple offices is becoming a continual challenge for firm leadership.