Latest Articles

Business valuation magnifying glass 1  5491aeb1ebd92

December 17, 2014 

3 Tips for More Accurate Business Valuation

It’s a classic conundrum – to build versus to buy. Make dinner at home versus take-out. DIY that holiday wreath or roam a tree farm to choose the perfect one for the door. While there are certainly people constructing their own coffee table ...

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December 17, 2014 

Financial Group Wants More Limits on Corporate Inversions

Earnings stripping allows companies to avoid U.S. corporate tax by shifting domestic earning to low- and no-tax jurisdictions. In the process, the U.S. part of the company is saddled with debt which is owed to the foreign entity. The interest payments o

top cool gadget pics1 1  5491a81c727bd

December 17, 2014 

Gadgets for All! Holiday Tech Gifts for 2014

There was no Cyber-Monday this year, and in truth no Black Friday. Instead, retailers hosted a minor level of price cuts in the weeks leading up to Thanksgiving, a means of testing the waters. That text wax only moderately successful, which is good ...

Dave McClure

tax deductions and credits 2014 fw  3  54919d7e96087

December 17, 2014 

Congress Renews Most Expired Tax Breaks

At long last, Congress granted a reprieve for most of the expired tax provisions that had remained in limbo this year, but the late-breaking tax relief is only temporary.

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December 17, 2014 

Accounting Tools for the Digital Age

From tracking outgoing inventory to determining a company's deductions for charitable donations, accountants "have an app for that." Which tech tools are most useful to the modern-day accountant?

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December 17, 2014 

Another Epic Fail For the IRS and ObamaCare?

It would be nice to believe that with years to prepare, the Internal Revenue Service is prepared to manage the complexities of verifying insurance qualifiers for Obamacare, collecting the $95 from those who owe a penalty, and easing the way for the ...

Dave McClure

Reducing your Business Expenses 1  54904846a71ac

December 16, 2014 

How Much Admin Expense Should Accounting Firms Incur?

There are 3 metrics used for measuring admin expense: (a) Admin personnel as a percent of total headcount, (b) Overhead expenses as a percentage of revenue and (c) Overhead expenses per person. Let’s examine each.

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December 15, 2014 

AICPA Issues Advisory to Employee Benefit Plan Sponsors

The AiCPA has prepared a new advisory to provide plan sponsors, administrators and trustees with an understanding of the importance of hiring a quality auditor to perform employee benefit plan financial statement audits

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December 15, 2014 

National Accounting Society Warns Taxpayers of Scams

The National Society of Accountants (NSA) is warning that many taxpayers have been victims of an aggressive and sophisticated phone scam where callers claim to be employees of the Internal Revenue Service (IRS), but are not.

Small Business Credit Building 1  548f1994581fe

December 15, 2014 

10 Credit Predictions for 2015

A crystal ball is a valuable thing. After all, if any of us truly had one, we could make a killing in the stock market. But while 20-20 vision is ultimately reserved for hindsight and no one can actually predict the future, we can indeed make some educate