Accounting

 Study: Encourage Entrepreneurs to Boost Economy

June 2, 2014 

Study: Encourage Entrepreneurs to Boost Economy

Encouraging entrepreneurs to start small businesses or expand existing ones will boost local and regional economies in Indiana, according to officials with Purdue University's Center for Regional Development.

 Florida Governor Starts Small Business Tour

June 2, 2014 

Florida Governor Starts Small Business Tour

Fresh off signing a $77 billion budget into law, Gov. Rick Scott made a pit stop in Panama City Monday as part of his Let's Keep Small Business Working Tour and campaign for re-election.

 States Seek Ways to Regulate Bitcoin

May 28, 2014 

States Seek Ways to Regulate Bitcoin

State regulators in Massachusetts and others around the country are taking a close look at virtual currencies as bitcoin continues to grow in popularity.

gasb

May 28, 2014 

GASB Moves to Improve State and Local Government Health Insurance and Benefits Reporting

The Governmental Accounting Standards Board (GASB) has voted unanimously to approve two Exposure Drafts proposing significant improvements to financial reporting by state and local governments of other postemployment benefits (OPEB), such as retiree health insurance. The GASB also approved a third Exposure Draft that would establish requirements for pensions and pension plans that are outside…

Isaac M. O'Bannon

 IASB and FASB Jointly Set New Revenue Recognition Standard

May 28, 2014 

IASB and FASB Jointly Set New Revenue Recognition Standard

The standard will improve the financial reporting of revenue and improve comparability of the top line in financial statements globally. Revenue is a vital metric for users of financial statements and is used to assess a company’s financial performance and prospects. However, the previous requirements of both IFRS and U.S. GAAP were different and often…

Isaac M. O'Bannon

 IRS Nixes “Pump-and-Dump” Obamacare Strategy

May 27, 2014 

IRS Nixes “Pump-and-Dump” Obamacare Strategy

Employers can’t get around the Obamacare “shared responsibility” provision simply by giving employees tax-free cash to pay for health insurance from a state-run exchange. In effect, this would pump up a worker’s pay and dump them in the marketplace. According to a new question and answer (Q&A) posted on the IRS website, as initially reported…

Ken Berry, JD

 Bay Area Workers Pushing for $15 Minimum Wage

May 26, 2014 

Bay Area Workers Pushing for $15 Minimum Wage

At $10.74 an hour, San Francisco already has the nation's highest big city minimum wage. But it could soon have company, as labor and community activists in cities from Richmond to Sunnyvale push wage increases that could turn the Bay Area into a high-wage hub.