Latest Articles

September 12, 2014 

Historically, a business' gross revenues follow seasonal patterns and even a small change in gross revenue should result in a small change in the associated accounts. In an attempt to discover why one established contractor was selected for audit, I reviewed their sales tax filings and created the below table.

September 12, 2014 

Each year, the 40 Under 40 program seeks to honor a diverse array of professionals who are helping to shape the profession they work in. How does one shape a profession? For these unique professionals, that question is answered in a variety of ways. For some, this is achieved through ardent support for and evangelizing...…

Isaac M. O'Bannon

September 12, 2014 

Bloomberg BNA has made significant enhancements to its Premier International Tax Library, a comprehensive resource for international tax research that helps practitioners make more informed business decisions and provide value-added tax guidance.

Isaac M. O'Bannon

September 12, 2014 

Fall is usually a calm, relaxed time of the year – the business of the summer activities are coming to a halt and the madness of the year-end hasn’t quite started up yet. This makes it the perfect time to examine your firm’s payroll solutions and services. Companies, including your existing clients and potential clients,...…

Taija Sparkman

September 12, 2014 

The U.S. job market has steadily improved by pretty much every gauge except the one Americans probably care about most: Pay.

September 12, 2014 

Fast-food workers and their union allies plan to take the fight for a $15 minimum wage to Bellevue on Wednesday, the first attempt to expand the movement regionally since the Seattle City Council passed a $15 minimum-wage plan in June. While the prospects for a $15 minimum wage in Bellevue aren’t known, the city is...…

September 12, 2014 

Seven in ten Americans support legislation requiring sales-tax collection at the time of purchase, according to a poll of 1,016 U.S. consumers conducted for the International Council of Shopping Centers.

Isaac M. O'Bannon

September 11, 2014 

A bipartisan majority of the U.S. House of Representatives – 233 members – have signed a letter urging the House leadership to preserve the cash method of accounting for tax purposes, writing that proposals requiring a transition to the accrual method ...

Isaac M. O'Bannon

September 11, 2014 

Cloud document storage provider FileThis has released its new FileThis Document Portal for Professional Services system, which is designed to help streamline the gathering, organizing and sharing of financial documents from clients for time-crunched accountants, CPAs, bookkeepers, and other busy tax and finance professionals.

Isaac M. O'Bannon

September 11, 2014 

First, a federal appeals court invalidated most of the regulations imposing continuing education and other regulatory requirements imposed by the IRS on tax return preparers (Loving, et al v. IRS, Civil Action 12-385 (JEB), U.S. Dist. Ct. DC, 1/18/13). .

Ken Berry, JD

September 10, 2014 

Intuit has unveiled new speakers to inspire QuickBooks Connect attendees this October, with the addition of businesswoman Martha Stewart to an already packed agenda this fall in San Jose, Calif.

Isaac M. O'Bannon

September 10, 2014 

The accounting profession tops the list of the most underrated jobs, according to a new report by jobs search portal CareerCast.com. And while advertising account executives, public relations managers and senior corporate executives may have fast-paced, highly coveted careers, they rank among the most overrated jobs. Other highly sought-after jobs that made CareerCast’s overrated jobs…

Isaac M. O'Bannon