Latest Articles

September 2, 2014 

The American Institute of CPAs has issued an Invitation to Comment, requesting feedback from key stakeholders to shape the next version of the Uniform CPA Examination. The comment period opened today and runs through December 2.

Isaac M. O'Bannon

September 2, 2014 

here is no shortage of workers for businesses, but there is a lack of the evolving, essential skills needed for both employee and organizational growth. With employee salaries making up nearly half of many company’s operating expenses,

September 2, 2014 

Accredited Tax Preparers (ATPs) and Accredited Business Accountant/Advisors (ABAs) are exempt from the requirement to take an Annual Federal Tax Refresher (AFTR) course and exam that is part of the new Internal Revenue Service (IRS) voluntary Annual Filing Season Program (AFSP).

Isaac M. O'Bannon

September 2, 2014 

"“The CAQ commends FASB for its efforts in developing a standard that provides guidance regarding a preparer’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern, and, where required, to provide footnote disclosures about going concern uncertainties each reporting period," said executive director Cindy Fornelli.

Isaac M. O'Bannon

September 1, 2014 

What often sets business taxpayers apart from individuals is the potential for deducting expenses relating to business driving. For virtually everyone else, the cost associated with operating a car or other vehicle is a nondeductible personal expense. However, if you use your own vehicle for business trips, you’re usually entitled to deductions on your federal…

Ken Berry, JD

September 1, 2014 

What should you be doing in your state and local tax practice this month? Here's your SALT checklist for September.

September 1, 2014 

Recent legislation in thirteen states to raise the minimum wage, various increases in some cities across the country, and news that an executive order may soon mandate an increase on federal contracts, means small business owners will face yet another challenge to build, sustain and grow their business in a difficult economic environment.

September 1, 2014 

Armanino LLP, the largest independent accounting and business consulting firm based in California, announced today the appointment of Chris Carlberg as its first General Counsel in the firm's history. Chris is responsible for overseeing all legal work for the firm as well as advising on business policy and overall governance.

Isaac M. O'Bannon

August 31, 2014 

According to a new study just issued by the firm, the total economic benefits of the nation's increased oil and gas exploration and development activity translates into almost $1.2 trillion in gross product each year, including multiplier effects, and over 9.3 million permanent jobs.

Firm Management August 31, 2014 

Trade shows remain a viable marketing option for accounting firms, yet many practitioners still don’t see the value. The fact is that if the appropriate level of planning is applied, trades shows can prove exceptionally successful in terms of lead generation and networking. Firms must first think through such items as budget, the right shows…

Kristy Short, Ed.D.

August 29, 2014 

State tax collections fell short of expectations by $281 million last year, providing potential difficulties in the future for the state budget and immediate fodder for this fall's tight governor's race.

August 28, 2014 

The Internal Revenue Service continues to warn taxpayers across the country of a series of scam phone calls from people pretending to be IRS officials in order to get sensitive personal information. On Thursday, the agency issued a new consumer alert to provide taxpayers with additional tips to protect themselves.

Isaac M. O'Bannon