June 15, 2014
Study Says High Corruption in Pennsylvania Increases Taxes
Pennsylvanians pay inflated taxes because the state's public corruption rate is among the highest in the nation, says a new study based on data from the Justice Department.
June 13, 2014
7 Ways that Leasing Technology Can be Better than Purchasing It
When it comes to acquiring new technology, it’s difficult to stomach a hefty capital expense hit. This is especially true if you fear the technology you’re purchasing for your business may become obsolete in just a matter of years.
June 12, 2014
Tips for Businesses to Avoid Committing Fraud
The School of Graduate and Professional Studies at New England College has but together an infographic that offers an easy go-to guide for businesses on what’s legal and what’s illegal when it comes to managing their business through the year and when preparing for their taxes.
June 12, 2014
May Retail Sales Remain Steady
In its latest report, the National Retail Federation has calculated that May retail sales remained mostly unchanged when seasonally adjusted month-to-month, yet they showed an increase of 3.0 percent unadjusted year-over-year. The data excludes automobiles, gas stations and restaurants.
June 12, 2014
How to Determine Reasonable S-Corp Shareholder Compensation
Income from an S corporation, which flows through to its shareholders and is taxed at the individual level, is normally not subject to self-employment tax. Most S corporations, however, have shareholders performing substantial services for the corporation as officers and otherwise.
June 11, 2014
Employment Report Shows Florida and Texas Leading in Job Growth
Private sector employment in the U.S. increased in all nine Census Bureau Divisions during May, according to the monthly ADP Regional Employment Report, which is produced by ADP, a provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics, Inc. The ADP Regional Employment Report measures monthly changes in regional non-farm private employment…
June 10, 2014
FTC Wins Case Against Online Payday Loan Companies that Deceived Borrowers
A group of payday loan companies being sued by the Federal Trade Commission is liable for deceiving borrowers, a judge has ruled.
June 10, 2014
Center for Audit Quality Supports PCAOB Efforts
Improved audit quality is a goal being pursued by the Public Company Accounting Oversight Board (PCAOB), and a non-partisan audit advocacy group is supporting its recent efforts.
June 10, 2014
IRS Commissioner to Keynote National Society of Accountants Meeting
The National Society of Accountants has announced that Internal Revenue Service Commissioner John Koskinen will deliver the keynote address at the organization's 69th Annual Meeting, which will be August 20-23, 2014 at the Hyatt Regency Inner Harbor in Baltimore, Maryland.
June 10, 2014
New Tax Research System Features Multi-Jurisdictional Content, Enhanced Search
Thomson Reuters has launched its next generation online tax research system, Checkpoint Catalyst, which features multi-jurisdictional content, embedded tools and an enhanced search engine. Catalyst is built on the Checkpoint platform, and is designed to help tax professionals more quickly find research results.
June 10, 2014
Small Business Optimism Improves to Highest Level Since 2007
Small businesses are feeling slightly more confident in the economy, but one of the nation's largest organizations representing them says that there is "no sign of a surge."
June 9, 2014
Joining the Accounting Profession
I'm a constant believer in fate. Things happen for a reason; there is a path we move along in life that is waiting for us to discover. I'm also a believer in taking control of your life and helping yourself move along that path, looking out for yourself, and making sure obstacles don't deter you…