June 13, 2016
Sporting Goods, Tools and Shirts Top List of Father’s Day Gifts
There are about 70 million fathers in the United States. Don't forget yours this Fathers Day, June 19.
June 13, 2016
Subway, In-N-Out and Pizza Hut – Americans Name Favorite Restauarants
Subway is the 2016 Sandwich Shop Brand of the Year, securing the title for the sixth consecutive year, according to The Harris Poll. In-N-Out Burger, Pizza Hut, IHOP, Chick-fil-A, Dunkin’ Donuts, Pizza Hut, Moe's Southwest Grill, and Olive Garden...
June 10, 2016
Change Is Imminent (In Accounting)
In order to remain above the competition and provide the most up-to-date accounting skills, it’s wise to stay informed on what’s affecting the world of accounting and what kind of an impact it has on the overall health of the accounting industry.
June 9, 2016
Scammers Move From Phish to Whales
Whaling is a form of phishing attack where senior executives and others with access to valuable and sensitive data are sent very personal and well researched emails. The attacker may send the target an email that appears to be from someone they ...
June 9, 2016
Balancing Spiritual and Business: What Accounting Firms Need to Know about Churches
Do you donate to charitable organizations? If so, you are supporting a thriving industry in the United States. According to the National Center for Charitable Statistics, individuals in 2015 donated more than $258 billion to nonprofit organizations.
June 9, 2016
Home Values Increasing More than Expected
Markets with the tightest inventory have some of the fastest rising home values. Over the past two years, Portland has seen an almost 40 percent decrease in the number of homes for sale, with home values up 15 percent over the past 12 months.
June 8, 2016
No Change for IRS Interest Rates in 3rd Quarter 2016
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
June 8, 2016
Xero Partners with Wells Fargo, “Igniting World’s Largest Economy”
– Guest Opinion – The combination of limited access to capital, complex and time consuming financial processes, and the lack of confidence in business data has stifled growth and job creation in small businesses — the biggest sector of our global economy. But the financial web, which incorporates a network of organizations sharing financial data,...…
June 8, 2016
Finance and Compliance Costs Increasing for U.S. and Canadian Businesses; Employment Costs Spike
The research also found employment-related costs spiked sharply for the largest companies ($5 billion or more in revenue) to 5 percent of revenue, compared to 1.1 percent in 2015. According to the study, this may be a reflection of the tight market ...
June 3, 2016
73% of Accountants Say Their Business Clients Will Add Jobs in 2016
Nearly three-fourths (73 percent) of accountants say their business clients are planning to increase or maintain their number of employees over the next 12 months and only five percent noted that businesses plan to reduce their number of employees in ...
June 1, 2016
Transparency is a Must if Using a Compensation Committee for Partner Compensation
If you ask 10 different people to define one of today’s buzzwords – transparency – you will get 10 different answers. This post addresses “transparency” as it relates to a CPA firm compensation committee.
June 1, 2016
SEC Filers Lowered Errors by 64% Using XBRL Validation Rules
The XBRL US Data Quality Committee (DQC) today announced that overall, by using its first set of validation rules, filers reduced the number of errors in their filings for the data covered by those rules by 64 percent in the first quarter of 2016 as ...