September 30, 2014
Small Business Jobs Index Shows Mixed Results
For the second consecutive month, the Paychex | IHS Small Business Jobs Index is showing a mixed story for small businesses employment growth.
September 29, 2014
Accountants in India Now Eligible to Take U.S. CPA Exam
The American Institute of CPAs (AICPA), the National Association of State Boards of Accountancy (NASBA) and Prometric today announced that testing for the Uniform CPA Examination in the Middle East will be open to all qualified citizens and permanent resi
September 24, 2014
Sales Forecast for Retailers Looks Bright this Holiday Season
Will it be a boom or a bust for retailers this holiday season? A new survey shows that steadily improving economic fundamentals should moderately boost holiday sales in the stores and online this year. “Income, wage and job growth are positive indicators heading into the holiday season,” said Daniel Bachman, Deloitte’s senior U.S. economist, referencing...…
September 23, 2014
How Per Diem Rates Can Simplify Travel Expense Reporting
The IRS has just announced new federal per diem travel rates for Fiscal Year 2015 (FY 2015), which spans October 1, 2014 through September 30, 2015. Unlike many other previous years, when per diem rates were typically bumped up just a dollar or two or not
September 21, 2014
3 Must-Know Tips for Deducting Business Entertainment
There’s nothing new about taxpayers mixing business with pleasure. For instance, a business executive might paint the town red after he or she signs a six-figure contract with a client or customer. Is the cost of entertaining the client or customer ...
September 18, 2014
Mid-Market CFOs Taking More Strategic Role in Companies
Chief Financial Officers (CFOs) at large organizations have undergone a profound transformation over the past decade, assuming more strategic responsibilities in addition to their traditional finance and accounting tasks. Now it appears that mid-market co
September 18, 2014
How to Enjoy the Tax Benefits of Business Convention Vacations
Suppose one of your clients receives a postcard or email heralding a business convention at a lush tropical paradise this winter. It’s hard to pass up and your client may jump at the opportunity. After the early presentations and round-table discussions,
September 18, 2014
Study: Wage Garnishments a Headache for Millions of Americans and Employers
More than 7 percent of U.S. workers are currently having their wages garnished, most of them for either child support payments or tax debts, according to a new study from payroll and human resources provider ADP.
September 17, 2014
Back to School is a Good Time to Look at Education Tax Credits and Deductions
With students now back to school or college, tnow is a good time to see if they will qualify for either of two college tax credits or any of several other education-related tax benefits when they file their 2014 federal income tax returns.
September 16, 2014
Order Up: Clarifying Tax Deductions for Business Meals
Where the IRS is concerned, there’s no such thing as a free lunch. However, your clients may be able to deduct costs of certain meals, including lunches, if they meet the tax law requirements. Generally, write-offs for such meals are limited to 50% of the
September 12, 2014
Will You Succeed as a 21st Century Accountant?
We seem to have reached a point in the accounting profession where accounting firms that want to grow and continue to be successful have embraced the need for technology. In doing so, they are turning over many of the mundane footing and ticking and balancing and reconciling and data entry activities to the software that…
September 12, 2014
Intuit Connects Small Businesses and Lenders with QuickBooks Financing
The small business owner continues to be at the heart of the QuickBooks ecosystem. With every product, service and feature released, Intuit seems to be determined to make the next step even easier than the previous. So, it was no surprise when Intuit launched QuickBooks Financing to help with what remains a big challenge for...…