Accounting

July 14, 2014 

While summer has traditionally brought with it anticipation of warm weather, beach vacations, and Bar-B-Ques, a new survey shows that it also brings one more thing: financial anxiety. Fifty-nine percent of Americans said their financial tension during the summer matches or exceeds their stress during the year-end holiday season, according to a new telephone survey...…

Taija Sparkman

July 14, 2014 

Sixty-four percent of respondents have some type of emergency savings – even if it’s less than three months’ expenses, found the latest results of Bankrate's Financial Security Index. The monthly survey also found measures how secure Americans feel about their personal finances compared with 12 months ago and is conducted via telephone interviews conducted by…

Taija Sparkman

July 11, 2014 

Brad Smith, the CEO of Intuit, which makes QuickBooks, TurboTax and many other personal and small business management systems, met with President Barack Obama on Friday to discuss how big business and government can work together to support small business. Smith joined other leading executives at a roundtable discussion during which the companies will champion…

Isaac M. O'Bannon

July 11, 2014 

In the not-so-distant past, the Keogh plan was the hottest retirement planning commodity around. But like fax machines and VHS recorders, Keoghs are now regarded by many as relics. Nevertheless, this type of plan still might fit the bill for certain sole practitioners.

Ken Berry, JD

July 11, 2014 

A total of 33 students have earned scholarships from the National Society of Accountants (NSA) Scholarship Foundation. Together, they will receive $34,450 in scholarship awards.

Isaac M. O'Bannon

July 10, 2014 

Initial jobless claims fell to near a seven-year low last week in a sign of continued improvement in the labor market.

July 10, 2014 

Mortgage rates increased slightly following an improved jobs report from the Labor Department, according to mortgage news and comparison site, Bankrate.com. the benchmark 30-year fixed mortgage rate rising to 4.31 percent, and the average 30-year fixed mortgage has an average of 0.33 discount and origination points.

Isaac M. O'Bannon

July 10, 2014 

Once upon a time, an entrepreneur with just a handful of employees wouldn’t even think about starting up a 401(k) plan for the business. The administrative costs, as well as the complexity, could turn into a nightmare. But costs have come down in recent years and now the 401(k) is a viable vehicle for an…

Ken Berry, JD

July 10, 2014 

A new leadership offering is giving professionals the chance to learn the personal stories—the defining moments and motivating factors—behind the success of some of the top CEOs, entrepreneurs, and thought leaders in the accounting software field.

July 10, 2014 

Many executives are either hesitant to make the transition to the cloud or they have it buried under a twenty-page to-do list. Ironically, moving to a cloud-based phone system has the potential to shorten that list immensely. Switching to the cloud provides a secure and effective means of scaling for seasonal spikes. Cloud-based communication systems…

July 10, 2014 

As part of a new initiative to reduce complexity in accounting standards, the Financial Accounting Standards Board (FASB) has added two short-term projects to its agenda to simplify Generally Accepted Accounting Principles (GAAP).

Isaac M. O'Bannon

July 10, 2014 

Alleged violations involved ignoring or failing to properly address signs of improperly recognized revenue in significant unusual transactions.

Isaac M. O'Bannon