Accounting

Sales Tax February 16, 2023 

Initially focusing on bookkeeping and payroll services, VARC Solutions has expanded to offer fully outsourced business management, payment processing, invoice management, consulting, implementation, and training.

Isaac M. O'Bannon

Payroll February 16, 2023 

58% of respondents anticipate adding new permanent roles during the first half of the year, up from 46% six months ago. Another 39% expect to hire for vacated positions.

Isaac M. O'Bannon

Small Business February 15, 2023 

"Retailers are being cautious as they wait to see how the economy responds to efforts to bring inflation under control.”

Accounting February 15, 2023 

The U.S. Census Bureau reported that overall retail sales in January were up 3% from December and up 6.4% year over year. In December, sales were down 1.1% month over month but up 5.9% year over year.

Isaac M. O'Bannon

Taxes February 15, 2023 

The CAP program began in 2005 as a way to resolve tax issues through open, cooperative and transparent interactions between the IRS and taxpayers before the filing of a return.

Isaac M. O'Bannon

Taxes February 15, 2023 

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

Isaac M. O'Bannon

Accounting Technology Lab Podcast February 14, 2023 

Technologists Randy and Brian evaluate Valadis, a tool that extracts data from all financial systems to automatically generate full sets of standardized working papers. This data can then be imported into working paper systems.

Brian Tankersley, Randy Johnston

Taxes February 14, 2023 

According to the new survey, three-quarters of tax departments report experiencing difficulties in recruiting and retaining talented tax professionals.

Isaac M. O'Bannon

Accounting February 13, 2023 

I believe one or more products from each category will be helpful to you. While CES produces its Innovation Awards that you can review, the items below will be more beneficial to the practice of accounting or your clients.

Randy Johnston

Accounting February 13, 2023 

In late 2022, a new AI tool, called ChatGPT, exploded into the marketplace. Since then, it’s been mentioned in hundreds of online articles, in chatrooms, and in the media.

Becky Livingston

Accounting February 13, 2023 

Professionals on the Move is a round-up of recent staff promotions and hires, from around the accounting profession.

Mary Girsch-Bock

Taxes February 13, 2023 

To leverage a 1031 exchange, an investor has to ensure the income from a real estate investment property sale is reinvested (or “exchanged”) in like-kind property.