Accounting

January 27, 2014 

Those who paid regular employees or used a contractor for more than $600 in work have until Jan. 31, 2014, to provide the appropriate wage and income reporting form – a W-2 or 1099-MISC – to all recipients. For those who procrastinate, sorting through the various IRS reporting requirements at the last minute can make…

January 27, 2014 

The tax preparation company has been handing out real dollars bearing its marketing message for this year's tax season. There's a toll-free phone number to call Block, a Web address and even a footnoted disclaimer that not everyone gets a tax refund.

January 24, 2014 

It is popular among my learned accounting colleagues to portray the elders of the profession who have not signed on to the concept of a Social Media Strategy as some kinds of latter day Luddites.

Dave McClure

January 24, 2014 

The Internal Revenue Service has announced the release of Revenue Procedure 2014-16, which modifies the procedures for obtaining the automatic consent of the Commissioner for certain changes in methods of accounting for amounts paid to acquire, produce, or improve tangible property.

January 23, 2014 

Small businesses are hiring, and employment at smaller firms grew in Illinois and Indiana last month.

January 23, 2014 

Like most other restaurants in Maine, DiMillo's On the Water in Portland says it will no longer charge automatic gratuities for most large groups now that a change in the federal income tax code has closed a long-standing loophole.

January 22, 2014 

Of the more than 119 million households in the U.S., about 6 million, or five percent, of them include a millionaire, according to a new report. But where do they live?

Isaac M. O'Bannon

January 22, 2014 

U.S. private-sector franchise jobs increased by 30,250 during the month of December 2013, according to the ADP National Franchise Report. BThe report measures monthly changes in franchise employment derived from ADP’s actual transactional payroll data.

January 22, 2014 

In the aftermath of the data breach that potentially exposed the credit and debit card information for 80 million shoppers, Target sent out an official email stating that the company would offer one free year of credit monitoring through Experian.

January 22, 2014 

A new survey shows that even though regulators are increasingly looking at conduct risk by companies, there is still great disparity in how firms are defining conduct risk and similarly how regulators are referring to the concept.

January 22, 2014 

Online accounting software maker Xero has released a new collection of critical tips and advice from accountants that is designed to help small businesses improve operations in 2014.

January 22, 2014 

The Financial Accounting Standards Board (FASB) today issued two updates to U.S. generally accepted accounting principles (GAAP) that provide alternatives for private companies on the subsequent accounting for goodwill and for interest rate swaps—specifically a simplified hedge accounting approach for certain types of swaps.