accounting1

January 5, 2015 

How to Create a Specialty Niche at Your Firm

When Peter Freuler took over his father’s Kissimmee, Fla., CPA practice in 2005, it was highly dominated by 1040s, which included filing 700 individual returns and 125 business returns. At that time, his firm’s revenue was approximately $245,000. Today, his firm has more than doubled its revenue to reach $525,000 in 2013.

Hugh Duffy

 FASB Issues Alternative Accounting Standard on Intangible Assests

December 29, 2014 

FASB Issues Alternative Accounting Standard on Intangible Assests

The Financial Accounting Standards Board (FASB) today issued guidance intended to improve private company financial reporting regarding accounting for identifiable intangible assets in a business combination. FASB Accounting Standards Update No. 2014-18, Business Combinations (Topic 805): Accounting for Identifiable Intangible Assets in a Business Combination, is based on a consensus reached by the Private Company...…

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December 26, 2014 

The Tax Benefits of Buying a New Car Before the End of the Year

Under the new tax law signed by the president on December 19, taxpayers can claim an optional tax deduction on their personal 2014 returns for state sales tax paid this year. And the sales tax you pay on a vehicle – usually, a significant amount – may ...

 Last Chance for Tax Exempt IRA-to-Charity Transfers

December 26, 2014 

Last Chance for Tax Exempt IRA-to-Charity Transfers

The time for clients to take required minimum distributions from their IRAs is rapidly dwindling. They have until December 31, 2014 to arrange for an RMD for the 2014 tax year. Otherwise, they could be slapped with a stiff tax penalty.

UNLV AICPA Award 54986ffca9b9f

December 22, 2014 

UNLV Business Students Win AICPA Accounting Competition

The American Institute of Certified Public Accountants has announced that students from the University of Nevada, Las Vegas have earned first place in the 2014 AICPA Accounting Competition. Their top finish in the competition earned a $5,000 award for ...

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December 22, 2014 

CBIZ Offers New Affordable Care Act Compliance System

The employee benefits provider and insurance advisory consultancy CBIZ has released CBIZ ACA CheckPoint, a platform offering the advanced availability of ACA reporting and compliance tools and expertise. The system was developed in conjunction with SyncSt

 Top 5 Fraud Predictions for 2015

December 19, 2014 

Top 5 Fraud Predictions for 2015

Technology will give fraudsters an edge in 2015, but it will also provide new tools for organizations and investigators, according to three experts from the Association of Certified Fraud Examiners (ACFE) who were asked for their top fraud predictions ...