Latest Articles

April 16, 2014 

BillQuick 2014 has been updated and revolutionized with a new interface, excellent productivity features, new enhanced reports and greater overall business clarity.

April 16, 2014 

The Governmental Accounting Standards Board (GASB) has issued Concepts Statement No. 6, Measurement of Elements of Financial Statements, which will guide the GASB in establishing accounting and financial reporting standards for U.S. state and local governments regarding the measurement of assets and liabilities.

April 16, 2014 

Even with the 10-day delay to this year's income tax filing season, the IRS has issued more in tax refunds compared to this point last year and more U.S. taxpayers used their home computers to file their returns, according to a report published today by the Treasury Inspector General for Tax Administration (TIGTA), which oversees…

Isaac M. O'Bannon

April 16, 2014 

The U.S. Treasury Department has released its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies, which addresses international economic and foreign exchange developments over the course of the second half of 2013, along with relevant data through end-March 2014.

April 16, 2014 

Five years since the bottom of the Great Recession, stock prices are at record highs, business sentiment has improved and hiring appears to be accelerating. The annual survey of CEOs by PricewaterhouseCoopers (PwC) indicates that two-thirds of the chief executives polled plan to add employees this year. Meanwhile, the Minnesota economy is growing faster than…

April 16, 2014 

Late last year, Intuit unveiled its app depot designed to make it easier for small business owners to manage their business. Since its debut, it has seen huge growth in the number of developers creating apps, with new apps being added regularly. In addition, the number of QuickBooks subscribers outside the U.S. has nearly doubled…

Taija Sparkman

April 16, 2014 

Accounting offices across the country have started transitioning to offices that allow staff to work anywhere, anytime. This has led to many professionals “burning the midnight oil” to get more done at a time when everything else slows down.

Taija Sparkman

April 15, 2014 

Thursday, Apr. 24, 2014 — 2:00 pm EST Many firms that invested time and money into operational improvements before tax season have still faced difficulties maintaining profitability. Complicating factors like inefficient back-end processes, fee pressure, legislative delays and competition from consumer tax prep software have sent firms in search of new ways to sustain and...…

April 15, 2014 

According to recent surveys by the American Institute of CPAs, there has been a noteworthy increase in the number of traditional minority members and partners at U.S. public accounting firms. According to a new study by accounting association BKR International, however, that change has been slow.

Isaac M. O'Bannon

April 15, 2014 

It's the day after, and for some American taxpayers, there may be a lingering question... What can they do if they missed yesterday's April 15 deadline to file their income tax return and also didn't file an extension.

April 15, 2014 

By law, the IRS can assess penalties to taxpayers for failing to file a tax return and for failing to pay taxes. But the failure-to-file penalty is generally higher than the failure-to-pay penalty.

April 15, 2014 

But with income tax refund identity theft rapidly becoming a scourge, is the less than 300 cases for 2014 keeping up or even putting a dent in the epidemic? After all, in 2013 alone, there were 33,000 claims of identity theft just in Florida, one of the hardest hit states because of the abundance of…

Isaac M. O'Bannon