Accounting

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May 1, 2014 

National Employment Report Shows 220K Jobs Added in April

Employment at private companies in the U.S. increased by 220,000 jobs from March to April according to the April ADP National Employment Report. The report is produced by ADP, a provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. It is derived from ADP’s actual payroll data, measures the change in total…

Isaac M. O'Bannon

 AICPA Opposes Legislation That Would Limit Cash Accounting Methods

May 1, 2014 

AICPA Opposes Legislation That Would Limit Cash Accounting Methods

In a letter to House Ways and Means Committee Chairman Dave Camp, the American Institute of CPAs (AICPA) has voiced strong opposition to draft legislation that would limit the use of the cash method of accounting for pass-through entities and personal service corporations.

 IFRS Foundation Seeks Advisory Council Members

April 30, 2014 

IFRS Foundation Seeks Advisory Council Members

The Trustees of the IFRS Foundation are seeking applications for membership of the IFRS Advisory Council, after the terms of a number of its members expire at the end of 2014. The primary objective of the Advisory Council is to provide a forum where the IASB and the Trustees consults individuals and representatives of organizations…

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April 29, 2014 

Audit Solution Granted U.S. Patent

The ProSystem fx Knowledge Coach audit solution has been granted a U.S. patent for its knowledge-based system, rule-based content, contextual guidance and functionality, Wolters Kluwer CCH has announced.

 Small Business Jobs Index Shows Improvement in Employment

April 29, 2014 

Small Business Jobs Index Shows Improvement in Employment

The latest Small Business Jobs Index grew 0.50 percent in the 12 months leading up to April, increasing to 101.26, a new peak level, reflecting improving employment conditions. Washington had the greatest gains among the states measured, with help from Seattle, which showed the highest increase in growth rate among metro areas.

 Strategic Mid-Year Business Tax Tips

April 27, 2014 

Strategic Mid-Year Business Tax Tips

Traditionally, tax planning is targeted to individual taxpayers, but small business owners can also benefit from such tax-saving techniques. Instead of waiting until the very end of the year to pitch ideas to clients, present them with the following ten strategies at midyear.

 Survey: Business Optimism Hits Highest Level Since 2004

April 25, 2014 

Survey: Business Optimism Hits Highest Level Since 2004

Optimism in the economy among U.S. business leaders reached its highest level since 2004, according to the latest data from the Grant Thornton International Business Report (IBR), a survey of more than 3,300 business leaders in 45 countries. In first quarter 2014, optimism among U.S. business leaders rose 30 percentage points to a net balance…