Accounting

June 14, 2017 

A reduced tax rate for income of small businesses would place additional pressure on the need to distinguish between profits of the business and compensation of the owner-operators, Nellen noted. “We should continue to use traditional definitions of ...

June 14, 2017 

Finding and retaining staff are the top issues facing CPA firms this year, and talent pool challenges are expected to have the biggest impact on public accounting practice operations over the next five years, too, new research released at AICPA ENGAGE ...

June 13, 2017 

Sageworks has released a new ebook entitled Tech Roadmap: Selecting the Ideal Solutions to Thrive in Business Advising. The book brings together Sageworks and 11 of the accounting and business advising industry’s top thought leaders to provide ...

June 13, 2017 

An audit associate from Phoenix, Ariz., is the recipient of this year’s Young CPA Scholarship from the American Institute of CPAs’ Information Management and Technology Assurance (IMTA) Section. The scholarship covers the registration fee and travel expenses to AICPA ENGAGE, currently underway in Las Vegas. Corbin Smith, 26, is a CPA with Sarvas, Coleman, Edgell...…

June 13, 2017 

Colombia took the center stage during Sali Dani’s presentation on the morning of Monday, June 12. Dani, Vice President of Sourcing of Everest Group, presented the findings of the latest research of Everest Group regarding Colombia’s value proposition ...

June 13, 2017 

It used to be that a typical CPA firm did their clients’ taxes, and prepared their P&L and financial statements, and that was that. These days, there are few “typical” CPA firms left. As they seek to diversify, differentiate and grow by offering their ...

June 13, 2017 

Gravity Software LLC has released its new Purchase Order module. The module enables companies to establish an approval protocol before items are purchased. Growing businesses can process and manage vendor price points, help drive quantity discounts, save

June 13, 2017 

The new FASB and IASB revenue recognition standard taking effect this year will radically alter how sales commission expense accounting is done in the United States. So, you would expect most business leaders to be heads down trying to understand the ...

June 13, 2017 

Success in business valuation practices is driven by many factors, but three have shown to be key components for growing firms, according to market research firm IBISWorld. The first is developing specialized services that provide a competitive advantage.

June 13, 2017 

Nellen noted that the process of developing the necessary framework to operate the Regime is still in a very early stage. “The AICPA believes that it is unlikely that all the procedures and guidance necessary for taxpayers to make informed decisions ...

June 12, 2017 

Despite the grim outlook on cybersecurity, industry professionals noted that automating payments processing could offer greater defense. When thinking about the advantages of automating payments, 21 percent named fraud control and security as the top ...

June 12, 2017 

Doc.It Suite product development is heavily influenced by Doc.It’s user-base. “Our goal is to give Doc.It Suite users every opportunity to gain a productivity advantage as they handle some of the most common tasks,” said Kevin Murray, COO of Doc.It.