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Advisers see a bright future for their practices but aren't very enthusiastic about where the stock market is headed. �-More-�
Most Popular Stories
Advisers optimistic about their businesses, cautious about marketCPA Letter Daily24 Jun 2016 | 5:46 am
How to better serve female clientsFinancial Planning Digest20 Jun 2016 | 10:07 amAdvisers can tailor their approach to recruiting and retaining female clients by making sure both spouses are included in inv�-More-�
New research: Accounting students are not generally psychopaths but some slip throughre: The Auditors17 Jun 2016 | 2:03 pm� New academic research says accounting students are less likely to be psychopaths who will commit fraud than other majors but surprising admissions by some suggest a reason to be wary. Accounting majors exhibit psychopathic tendencies less often than everyone else, on average, but psychopaths are pursuing accounting degrees. That's what Charles D. Bailey, a professor of accounting at the University of Memphis, was surprised to find when he surveyed students all over the country for new research. Some students admitted to attitudes and beliefs nearly off the scale for psychopathy.
Business Survivability in any Economy for Metro Atlanta EntrepreneursAccounting News and Notes25 Jun 2016 | 10:04 amTips for business survivability in any economy for Metro Atlanta and Gwinnett entrepreneurs. During the downturn that occurred during the Great Recession some years ago like everyone else we lost a large portion of our client base. However rather than measuring and spending quality time focusing on what was lost, we spent the majority of our time energy and effort focusing on what could be gained. This allowed us to survive the economy downturn having an extremely good year. For in a down economy those who survive are looking for better options what they previously have had. Every down…
Build and Maintain Your Referral SystemCPA Trendlines25 Jun 2016 | 2:00 amYou're still targeting, but with people you know. By Martin Bissett Business Development On a Budget The post Build and Maintain Your Referral System appeared first on CPA Trendlines.
CPA Letter Daily
Advisers optimistic about their businesses, cautious about market24 Jun 2016 | 5:46 amAdvisers see a bright future for their practices but aren't very enthusiastic about where the stock market is headed. �-More-�
Consolidation guidance would be amended under FASB proposal24 Jun 2016 | 5:46 amThe Financial Accounting Standards Board would amend consolidation guidance under a proposal issued Thursday with the intent �-More-�
Order today: The best of convenience, learning and value24 Jun 2016 | 5:46 amA subscription to the AICPA's CPExpress includes one year of unlimited online access to more than 600 CPE credit hours and mo�-More-�
Medicare and same-sex married couples24 Jun 2016 | 5:46 amCPA personal financial planners can help married same-sex couples navigate changes to Medicare access to ensure they are rece�-More-�
Group: Assets in 401(k)s, target-date funds set records24 Jun 2016 | 5:46 amDuring the first quarter, assets of target-date mutual funds and 401(k) plans increased to record highs, the Investment Compa�-More-�
Financial Planning Digest
How to better serve female clients20 Jun 2016 | 10:07 amAdvisers can tailor their approach to recruiting and retaining female clients by making sure both spouses are included in inv�-More-�
Bills related to finance, elder financial abuse pass House committee20 Jun 2016 | 10:07 amThe House Financial Services Committee approved eight bills last week that address various investment, economic and financial�-More-�
Multinational couples face estate, gift tax issues20 Jun 2016 | 10:07 amEstate and gift tax planning are especially crucial for multinational married couples, who may face challenges other couples �-More-�
Fed holds rates, scales back plan for increases20 Jun 2016 | 10:07 amThe Federal Reserve's policymaking committee has decided against raising its key interest rate and says increases will be imp�-More-�
Attend the AICPA Advanced Estate Planning Conference20 Jun 2016 | 10:07 amDue to changes in tax and estate legislation, your clients will be seeking advice and practical knowledge on how the new laws�-More-�
re: The Auditors
New research: Accounting students are not generally psychopaths but some slip through17 Jun 2016 | 2:03 pm� New academic research says accounting students are less likely to be psychopaths who will commit fraud than other majors but surprising admissions by some suggest a reason to be wary. Accounting majors exhibit psychopathic tendencies less often than everyone else, on average, but psychopaths are pursuing accounting degrees. That's what Charles D. Bailey, a professor of accounting at the University of Memphis, was surprised to find when he surveyed students all over the country for new research. Some students admitted to attitudes and beliefs nearly off the scale for psychopathy. Those are the students that regulators, and the profession, should be looking for when measuring the risk of fraud at...
Speaking Engagements/Conferences17 May 2016 | 8:40 amI'm on the road again visiting universities, attending select conferences and forums and speaking to groups of all kinds. If you would like me to visit your university and your accounting/audit program, please write soon to lock in fall and winter dates. Contact me at firstname.lastname@example.com to schedule a presentation at your university, conference, or firm. Coming Up July 1, 2016, On a panel at the Financial Times Camp Alphaville Festival of Finance, London England. I will be talking about spotting corporate fraud with Carson Block of Muddy Waters Research on a panel moderated by the FT's Dan McCrum. Previously May 16, 2016, Spoke for my fifth time at the 2016 Georgia Southern University Fraud and...
Appeals Court says SAIC must face CityTime fraud case5 Apr 2016 | 2:39 pmLeidos, parent company to SAIC, Inc., a provider of defense and intelligence consulting to federal, state and local government agencies, will have to face securities fraud claims regarding its work for New York City on its CityTime payroll system project. On March 29, the United States Court of Appeals for the Second Circuit put the shareholder claims back on the docket with what plaintiffs' attorneys Robbins Geller Rudman & Dowd say is a potentially precedent-setting opinion. In 2012 SAIC, after more than four decades of operation as one of Washington biggest consulting firms, split in two. The parent company rebranded itself as Leidos and retains the liability for the CityTime litigation. A spokeswoman...
Update: Writing About Equity Market Structure at MarketWatch16 Feb 2016 | 4:15 amImage credit, Eric Hunsader, Nanex LLC, via the WSJ. Update: I wrote on February 3 about the absence of the CFTC for discussions at the SEC on equity markets structure. The SEC Equity Market Structure Advisory Committee's members include industry insiders, academics, exchanges and trading firms. The CFTC is not represented on the committee nor has it attended as an observer or a presenter. One committee member, Gary Stone from Bloomberg Tradebook LLC, mentioned the conspicuous absence of coordination between the equity and futures markets. "We did not really talk about the coordination between the futures market and the ETF market," said Stone. "ETPs are not equities but equities-like and their...
Three Accounting-Related Stories At MarketWatch15 Feb 2016 | 10:58 amAt MarketWatch I am fortunate that I am not expected to write a story every day, although that's fine if something comes up like an SEC enforcement order or a spectacular corporate scandal. I am encouraged, instead, to come up with original analysis of important stories in financial regulation and legislation. We want to add something to the discussion based on my experience, on a timely basis, even if it takes a few days. Last week I had three stories published that were suddenly baked, like three cakes, at the same time. I was working on on one of them for a couple of weeks and it finally came together, including getting two editors to sign off. Another was a tip from my boss that was based, at...
Accounting News and Notes
Business Survivability in any Economy for Metro Atlanta Entrepreneurs25 Jun 2016 | 10:04 amTips for business survivability in any economy for Metro Atlanta and Gwinnett entrepreneurs. During the downturn that occurred during the Great Recession some years ago like everyone else we lost a large portion of our client base. However rather than measuring and spending quality time focusing on what was lost, we spent the majority of our time energy and effort focusing on what could be gained. This allowed us to survive the economy downturn having an extremely good year. For in a down economy those who survive are looking for better options what they previously have had. Every down economy presents great opportunities if you look for them. Keep on keeping on. Excellence matters.
Secret to Business Transformation Success for Atlanta & Gwinnett Entrepreneurs25 Jun 2016 | 9:43 amAre you looking for the only thing that can transform your company? The answers and the secrets to business success are actually quite closer than you ever imagined. Go into your bathroom at your home turn out all the lights and be very still. Then go and stand in front of the mirror and turn on the lights and you will find the solution right there in front of you. Excellence matters!
World's Simple & Best Business & Marketing Plan for Atlanta & Gwinnett Entrepreneurs25 Jun 2016 | 8:05 amWorld's Simple & Best Marketing & Business Plan for Atlanta & Gwinnett Entrepreneurs *If you are not taking care of clients….you are busy getting clients. Doing this one thing will help ensure your business success perhaps more than any other single item. Keep it simple." –John Dillard CPA
Business Networking for Atlanta/Gwinnett Entrepreneurs25 Jun 2016 | 5:17 amBusiness Networking for Atlanta/Gwinnett Entrepreneurs Looking for the Advantage of an Expansive Business Network without having to Establish One Yourself? "We have 35 years CPA experience with an well established network with resources at your disposal ready 24/7. Let us help you find the best people who are going to be able to source what you want to get your business started well. You have enough to do in mind your business. Let us help you get jump-started quickly." == John Dillard CPA
BEST Real Estate Agent in Gwinnett/Metro Atlanta; Peggy Pfohl24 Jun 2016 | 7:04 amAre You Looking for the BEST Real Estate Agent in Gwinnett/Metro Atlanta? I suggest you contact Realtor Peggy Pfohl with Keller Williams Realty Atlanta Partners at 404.307.1299 and visit her On-Line for your next move. It is your BEST bet for house hunting and selling success!!! Peggy Pfohl is an Award Winning Agent Including Top #1 Individual Agent KW Sugarloaf Office, Top 10 Agent in GCI Keller Williams SE Region, Top 5 Agent in GCI Keller Williams Georgia, 2015 Million Dollar Club Member, NAMAR Honor 2015 #1 Small Team Top Producer & 2015 NAMAR Small Team Top Producer Phoenix Platinum Member Experience Matters; Make Your New Home Purchase a GREAT One!!! � � �
CPA Trendlines
Build and Maintain Your Referral System25 Jun 2016 | 2:00 amYou're still targeting, but with people you know. By Martin Bissett Business Development On a Budget The post Build and Maintain Your Referral System appeared first on CPA Trendlines.
Payroll Workers Still on a Roller Coaster24 Jun 2016 | 8:19 amIndustry employment rises, with women seeing huge gains. The post Payroll Workers Still on a Roller Coaster appeared first on CPA Trendlines.
6 Ways to Pay Partners24 Jun 2016 | 2:00 amPaying for performance alone doesn't always work. By August Aquila Creating the Effective Partnership The post 6 Ways to Pay Partners appeared first on CPA Trendlines.
Why Transparency Matters24 Jun 2016 | 2:00 amIt's time to move from number cruncher to advisor. Here are 4 questions to ask. By Jody Padar The Radical CPA The post Why Transparency Matters appeared first on CPA Trendlines.
NOW AVAILABLE: The 3rd Annual Accounting Firm Operations & Technology Survey Results23 Jun 2016 | 7:42 am191 data-packed pages, 89 critical questions, expert analysis, for firms of all sizes. The post NOW AVAILABLE: The 3rd Annual Accounting Firm Operations & Technology Survey Results appeared first on CPA Trendlines.
Big4.com Blog
COSO Chair Talks About Update to its Enterprise Risk Management – Integrated Framework20 Jun 2016 | 5:23 amBy Rob Starr, Big4.com Content Manager Originally formed in 1985, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) is a voluntary private sector organization dedicated to fraud deterrence, effective internal control and enterprise risk management. Recently, they unveiled an update to its Enterprise Risk Management – Integrated Framework and are looking for public comments on the COSO website through Dec. 31, 2016. Robert B. Hirth Jr., COSO Chair, helped...Keep on reading: COSO Chair Talks About Update to its Enterprise Risk Management – Integrated Framework
COSO Looking For Public Comment On Enterprise Risk Management – Integrated Framework Update20 Jun 2016 | 5:11 amBy Rob Starr, Big4.com Content Manager Because risk management has grown more complex over the last decade, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) is looking for public comment on the latest update to Enterprise Risk Management – Integrated Framework. Enterprise Risk Management — Aligning Risk with Strategy and Performance, will look at organizational requirements to improve both new and existing risks. COSO, which oversees issues pertaini...Keep on reading: COSO Looking For Public Comment On Enterprise Risk Management – Integrated Framework Update
Incoming U.S. Chairman at PwC steers into deeper diversity water20 Jun 2016 | 4:50 amBy Rob Starr, Big4.com Content Manager When you talk with new incoming U.S. Chairman at PwC, Tim Ryan, about his plans when he takes the helm July 1st it's immediately clear his vision will steer the organization from the well chartered shallows of inclusive waters and out into the deeper perspective of open diversity oceans. His new team will not just be a mix of race, gender or sexual orientation, but also of global experience and background, professional roles, educational backgr...Keep on reading: Incoming U.S. Chairman at PwC steers into deeper diversity water
Accenture Helps Fill Empty Seats in Classrooms17 Jun 2016 | 9:15 amBy Rob Starr, Big4.com Content Manager. ...Keep on reading: Accenture Helps Fill Empty Seats in Classrooms
Big Data Projects Struggling To Be Profitable16 Jun 2016 | 10:22 amBy Rob Starr, Big4.com Content Manager Capgemini and Informatica have released new joint research and it finds that currently less than 1/3 of big data projects are profitable, with the majority of organizations still having significant work to do in order to make the most of their investment. Ownership of big data projects is also gradually shifting away from IT to different project owners from across the C-suite, from COO to CFOs. Additionally, big data project ownership was revealed to be a...Keep on reading: Big Data Projects Struggling To Be Profitable
Stacie's More Tax Tips
Katherman Kitts Mourns the Loss of Fallen San Jose Police Officer Michael Katherman23 Jun 2016 | 9:55 amAll of us here at Katherman Kitts want to express our sincere condolences for the tragic loss of 34 year old San Jose Police officer Michael Katherman. Michael Katherman was the beloved nephew of one of our founding partners, James Katherman. Jim attended the touching memorial service this week in San Jose and was in awe of the love and support shown to his family by the San Jose police department and the community of San Jose. The following article was published in the San Jose Mercury News: SAN JOSE — Amid more than a thousand officers from across the region, it became quickly clear Michael Katherman's impact on the San Jose Police Department went far beyond his 11 years on the force. His academy...
HCTT-2016-57: Deadline Reminder for Employers and Providers: Electronically File Information Returns with IRS by June 3022 Jun 2016 | 11:44 amIRS Tax Tips June 22, 2016 Useful Links: IRS.gov Help For Hurricane Victims Filed under: IRS PATROL
IR-2016-92: The Electronic Tax Administration Advisory Committee Issued Its 2016 Annual Report22 Jun 2016 | 8:08 amIRS Newswire June 22, 2016 News Essentials What's Hot News Releases IRS – The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions Filed under: IRS PATROL
IR-2016-91: Empowerment Zone Designations Continue Through the End of 201621 Jun 2016 | 11:13 amIRS Newswire June 21, 2016 News Essentials What's Hot News Releases IRS – The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions Filed under: IRS PATROL
IRS Special Edition Tax Tip 2016-10: Keep in Mind the Child and Dependent Care Credit this Summer21 Jun 2016 | 6:08 amIRS Tax Tips June 21, 2016 Useful Links: IRS.gov Help For Hurricane Victims Filed under: IRS PATROL
One Accounting
So Long, Farewell, Au Revoir, Auf Wiedersehen, Adieu24 Jun 2016 | 5:06 amSo the UK has voted to leave the EU. Despite the fact that 62% of Scots (and 74% of Edinburghers) voted to remain, the UK vote of 52% for Brexit has prevailed. The value of the pound and the stock market have slid this morning, the Prime Minister has announced his resignation, but for many business owners, life will continue as normal for the time being. We won't know when the UK will actually wave its goodbye to EU membership until it notifies the European Council of its intentions under Article 50 of the Lisbon treaty. There will many changes over the coming months and years, but for now let's look at how the Brexit could affect SME's in Scotland and the rest of the UK.

VAT – the Downside

 After...
Salary Sacrifice – still worthwhile?23 Jun 2016 | 2:06 amUnder a salary sacrifice arrangement the employee gives up part of his or her cash pay in return for a non-cash benefit. This can be very beneficial for both the employer and the employee. However, the Government are unhappy about salary sacrifice arrangements. While they have yet to ban them, they are considering what to do with them and some of the newer exemptions do not apply where the benefit in question is provided by means of a salary sacrifice arrangement. Making the most of an exemption Salary sacrifice arrangements are frequently used to take advantage of the tax exemptions, such as that for childcare vouchers. The employee gives up taxable and NIC-able salary in return for childcare vouchers,...
Pensions Annual Allowance – abatement for high earners17 Jun 2016 | 7:05 amIndividuals are able to make tax-relieved contributions to registered pension schemes to the higher of 100% of earnings and the standard amount (£3,600), as long as they have sufficient annual allowance available. For 2016/17 the annual allowance is set at £40,000; however, this is reduced for high income individuals whose income exceeds certain thresholds. Any unused amounts of the annual allowance can be carried forward for three years. Employer contributions to registered pension schemes also eat into the allowance. When does the reduction bite? There are two triggers for a reduction in the annual allowance, both of which must apply for the allowance to be reduced. The first is that the individual's...
Property Letting – new relief for replacement of domestic items8 Jun 2016 | 8:23 amUntil the end of the 2015/16 tax year, landlords letting furnished properties were able to claim an automatic deduction of 10% of net rents to cover the cost of replacing fixtures and fittings. The relief was only available in respect of furnished lettings and it was available regardless of whether any money was actually spent on replacing items. This relief came to an end on 5 April 2016 and from the start of the 2016/17 tax year, there is a new kid on the block. The new relief – replacement of domestic items relief – is wider than its predecessor in that its application is not restricted to furnished lettings. The relief is available in calculating the profits of a property business which includes a...
New allowances for trading and property income24 May 2016 | 7:18 amTrading income allowance A new allowance of £1,000 will be available for people who make money from selling goods or providing services. Under current rules, small amounts of trading income, for example from undertaking occasional jobs or selling goods on e-bay must be declared to HMRC and, to the extent that the income is not covered by the personal allowance, the income is taxable. However, once the new allowance is introduced from April 2017, income from trading which is covered by the new allowance will not need to be declared to HMRC and can be enjoyed tax-free. Where trading income exceeds £1,000, traders will have the option of working out their taxable profit in the usual way by deducting expenses...
Barnes Roffe LLP
Brexit – a personal note24 Jun 2016 | 3:27 amFollowing our surprise decision to exit the EU, I have been asked by numerous people to offer my opinion with regards to the longer term implications this will have on Owner Managed Businesses. I could remonstrate with regards to many possible outcomes in both the short and longer term, however I am afraid that my answer in all honesty is "I have not got a clue!" My crystal ball seems to be more than a […]The post Brexit – a personal note appeared first on Barnes Roffe LLP .
TT245 – Travel and Subsistence – Recent Legislative Changes15 Jun 2016 | 11:28 pmThe Finance Bill 2016 contained full details of the changes which came into effect from 6 April 2016. These primarily affect the ability of employed workers to reclaim travel and subsistence expenditure where an employment intermediary (i.e. an umbrella employer and agency or a personal service company) is involved, and will largely depend on the Supervision, Direction and Control (SDC) over the manner in which the services are provided. The rules apply where an individual […]The post TT245 – Travel and Subsistence – Recent Legislative Changes appeared first on Barnes Roffe LLP .
Pension reminder for 2016/1710 Jun 2016 | 5:51 amIt should be noted that the following changes to allowances have been introduced with effect from 6 April 2016:- Lifetime Allowance Tax efficient upper limit fell to £1m. If fund value and age determine that lifetime allowance protection is suitable, you can obtain fixed protection at the current level of £1.25m but all pension contributions must stop without any payments being made in 2016/17 Tax Year. If you are intending to apply for fixed protection […]The post Pension reminder for 2016/17 appeared first on Barnes Roffe LLP .
TT244 – The Cycle to Work Scheme9 Jun 2016 | 12:33 amWhat is the Cycle to work scheme? It is a tax exemption initiative introduced as far back as 1999 to promote healthier journeys to work and reduce environmental pollution. Employers can loan cycles and cycle safety equipment to employees as a tax-free benefit. Employers of all sizes are eligible to join the scheme and the employers can loan cycles and equipment to their employees. The key point to note is that the bicycle and equipment […]The post TT244 – The Cycle to Work Scheme appeared first on Barnes Roffe LLP .
Property Tax Issues – Forthcoming Changes?6 Jun 2016 | 5:35 amThis seminar will cover all aspects of onshore property investment in both residential and commercial property. Looking in turn at residential and commercial property issues, the seminar will seek to answer the following fundamental question and more:- � How should I own my property? Can I take advantage of pension finance? How will I be affected by recent legislative changes to interest relief, stamp duty land tax and energy efficiency standards? Is my current structure […]The post Property Tax Issues – Forthcoming Changes? appeared first on Barnes Roffe LLP .
Audit Conduct, LLC
Another perspective on independence & indemnity24 Jun 2016 | 11:55 amIf an auditor's client agrees to indemnify the firm in the event the firm must respond to an investigation on behalf of the client impair independence? The SEC has argued for many years that the client's agreement to indemnify the auditor removes the auditor's incentive to perform a quality audit. Some (myself included) have questioned […]
SEC issues No-Action Letter on Loan Provision23 Jun 2016 | 8:00 amOn June 20, 2016 the SEC Division of Investment Management issued a "no action" letter (NAL) to Fidelity Management & Research Co et al. (Fidelity) on an independence issue that has recently received some press. The NAL was in response to Fidelity's request that the SEC not take enforcement action against the company and certain […]
Comment period ending for AICPA Cloud Services Interpretation23 Jun 2016 | 7:18 amAn AICPA Exposure Draft proposing a new independence interpretation on hosting services was released in May 2016. Interested parties have until July 18, 2016 to comment. The proposal would deem situations where a member is engaged to have custody or control of an attest client's data or records used in its business operations to create […]
The Skinny on Business Relationships – Audit Conduct Summer Newsletter17 Jun 2016 | 9:53 amWhat types of activities with attest clients trigger business relationships that impair independence – either in fact or in appearance? This issue of Audit Conduct News addresses that question from both the AICPA's and the SEC's perspectives. Happy reading ! Audit Conduct News Summer 2016
Highlights – May 5 AICPA PEEC Meeting10 May 2016 | 3:20 amThe AICPA's Professional Ethics Executive Committee (PEEC) held an open meeting in Durham, NC on May 5th. Topics on the agenda included: cyber-security, how to define client, and cloud hosting services. Highlights are available here.
AICPA Insights
Keeping the Cash Method Promotes Simplicity and Economic Growth24 Jun 2016 | 9:13 amWe know what we are, but know not what we may be. �� -William Shakespeare Followers of my blogs know that I periodically write about tax reform, but it's been a while. So, I've decided to dust off this quiz – here we go: What will be the greatest driver of tax reform?

Bipartisan compromise?

Congressional leadership changes?

Current events?

Revenues?

Good tax policy?

 I know you're thinking: "Ed, are you forgetting that it's a presidential election year and you recently predicted that tax reform won't happen before 2018? Does it really matter?" Well, it does. (And there may be more than one correct answer to my quiz.) Our profession must remain vigilant on what is being discussed...
Advising Same-Sex Married Clients After Medicare's Rapid Changes23 Jun 2016 | 4:00 amBy now, most CPAs should be familiar with tax strategies for same-sex couples, but due to a Supreme Court ruling in 2015, one possibly overlooked area CPA financial planners should address is the Medicare benefits available to couples in a same-sex marriage. Before 2013, married couples of the opposite sex could qualify for Medicare benefits through their spouse, and before the U.S. Supreme Court's Obergefell vs. Hodges ruling in 2015, state law still controlled whether a same-sex couple was treated as married. In layman's terms, this resulted in inequality among same-sex couples, where some had full marriage rights because of the state in which they lived, while others were denied marriage rights...
360 Degrees of Financial Literacy Introduces Spanish-Language Resources22 Jun 2016 | 4:00 amThe AICPA constantly searches for ways to enhance the 360 Degrees of Financial Literacy program and provide a wider audience with knowledge that will start them on the path to financial success. For this reason, the AICPA's 360 Degrees of Financial Literacy program recently launched a new consumer Spanish-language resource center to address the need to educate the growing number of Spanish-language consumers in the United States. The resource center offers help in several areas, such as fraud, paying for an education, how to raise a saver, tips for online shopping and credit card information. In the next few months, we plan to provide more content for the resource center that touches on popular personal...
Alternative Investments and UBIT: Weighing the Options20 Jun 2016 | 4:00 amPart two of a two-part series on tax consequences of alternative investments. Part one can be found here. Not-for-profits need to weigh their options carefully if they are thinking of adding alternative investments such as partnerships, private equity funds, real estate investment trusts and hedge funds to their portfolios.� As part of a well-designed investment strategy, alternative investment vehicles have the potential to provide greater returns than traditional stocks, bonds or money market funds, with the added benefit that they can counter risk exposure in volatile markets. However, these investments can trigger tax liability under the unrelated business income tax (UBIT, pronounced "you-bit")...
CPA Exam Q3/Q4 2016 Score Release Timetables17 Jun 2016 | 7:49 amThe Q3/Q4 2016 score release timetable is now available. Score release timelines are updated biannually on AICPA Insights and on the CPA Exam website. For more information about score release and the scoring process, please visit the Psychometrics and Scoring page. The National Association of State Boards of Accountancy releases the scores to candidates and state boards of accountancy based upon the target score release dates listed in the tables below. �**The examination data files the AICPA receives after September 11 will be included in the final target score release date. � �**The examination data files the AICPA receives after December 11 will be included in the final target score release date....
OSYB Number Crunch! Bookkeeping Tips from Outsouce Your Books.
5 Tax Tips for Freelancers31 May 2016 | 12:59 pmBeing your own boss and working for yourself has many benefits and many challenges. For most people the benefits outweigh the challenges. Tax filing is one of the challenges. It takes being committed to keeping records and staying organized to ensure that you are not over or understating your income and expenses. This article will discuss a few of many tips that can help you with the process of being ready for tax filing.

Income

 Be diligent with your recordkeeping of all income. If you rely on clients to send you 1099s you could miss income easily. Some clients are not timely in sending 1099s, if at all. If you do not earn more than $600 from a single client, they are not required to send you a...
Non-Profit Tax Exempt Status: Applying, Approval & Maintaining23 May 2016 | 12:59 pmMost non-profit businesses apply for tax-exempt status with the IRS, this allows several benefits under IRC Section 501(c)(3). The reason for establishing 501 statuses are the benefits provided by the Federal exemption. These benefits include exemption from Federal income tax, tax-deductible contributions, possible state tax exemptions, reduced postage rates, exemptions from Federal unemployment tax and tax-exempt financing. These are very favorable benefits for many organizations. The following information will help guide you through the process of obtaining exempt status.

How to Apply

 First the business or community entity must be 'organized,' according to the IRS this means either a corporation,...
Will Your Business Survive a Fluctuating Economy?5 May 2016 | 9:04 amEven if our economy is no longer in recession, it is still fluctuating. Knowing which business sectors survive, or thrive in a fluctuating economy, enables you to ensure your business' success. Even if your business is not in one of the best sectors, this knowledge can help you set goals or try new ideas that will make it recession-proof. Here is a top 10 of business sectors that survived and even flourished during the recession.

Home health care

Veterinary services

Thrift stores

Tax accounting

Death care services

Candy

Tattoo parlors

Cosmetics

Movie theaters

Beer, wine & liquor

 There is also a list of the fastest growing sectors of business during the upswing of the economy.

Building...

Small Business Cyber Security in 201628 Apr 2016 | 9:03 am� Cyber security breaches are not just against large corporations; it just happens that those are the incidents that are reported in the media. In reality small businesses are prime targets for cyber-attacks from competitors, hackers, even an angry ex-employee or customer. Small businesses are easier targets because they have less security of their websites, networks and accounts. According to Symantec, they have seen a 300% increase in small business cyberattacks since 2012. Not only are smaller businesses less likely to have higher security, they are also a backdoor to larger corporations. If you have large companies as customers or vendors, you could be at risk as an entry point. The larger risk for...
Demand for Mobile Technology for Small Businesses in 201621 Apr 2016 | 9:02 am� We are already seeing a trend in replacing laptops and desktops with tablets or smartphones. It is not yet widespread, and it is most prevalent in foodservice and construction. It is hard to imagine that all laptops and desktops will become obsolete, especially in business. But the reality is that mobile devices are here to stay and consumers as well as businesses are using them more and more. Is your small business up to speed on your mobile technology? There are many aspects about 'going mobile' for small businesses. If you are a small business owner you probably utilize social media, at least for marketing. You may or may not have a mobile website for your company, but you definitely should....
Online Accounting Software Reviews
Apps: Take the Business with You29 May 2016 | 4:22 pmNowadays, business is about saving time and money. But when you are out of your office during work hours you are wasting precious time that could have been spent with managing your business. However, that's not the case if you have online accounting software that comes with a handy mobile application or a mobile website. Companies developing accounting solutions know that successful businesses cannot stop for a moment; therefore your account has to be accessible anytime from anywhere. This is where accounting applications come in: with them you can continue managing your business while you are still out of your office. Easy-to-create invoices? Check. Receipt capturing and processing? Check. Managing your...
Migrating Your QuickBooks Online16 May 2016 | 4:18 pmAs more and more online accounting companies move their data to the cloud, one of the oldest competitors of the market, Intuit Inc., the owner of QuickBooks, have decided to aggressively promote its online accounting solution, QuickBooks Online. We cannot read minds, but we have a feeling that sooner or later the desktop version of QuickBooks will no longer be supported, thus you have no choice but to move your own data to the clouds. Don't be sad, this is a good thing: cloud-based accounting solutions are better because not only do you get software with the same features, but unlike the desktop version, your data will not occupy valuable space on your hard drives, plus you can access your new solution...
Wave Accounting vs Zoho Books Comparison28 Apr 2016 | 9:49 amWhen you are running a business, what is the most important aspect aside from being successful? Saving as much money as possible. This is the reason why online accounting solutions were invented. Furthermore, many accounting software are getting cheaper by the year: for a symbolic monthly fee you are able to get fully functional software that is capable of anything you want. Wave Accounting, which doesn't cost a dime, and Zoho Books are such products; no matter which one you choose in the end, you will get a companion who will quickly and effectively do the job for you. OverviewMobileIntegrationsPricingCustomer SupportAbout Main Features Wave Accounting Zoho Books Logo Rating Reviews ...
FreeAgent vs KashFlow Comparison28 Apr 2016 | 9:46 amThere are many different online accounting solutions, most of them based in the U.S., Canada or in the United Kingdom. FreeAgent and KashFlow are originating from the UK, but the similarities don't stop there: both software focus on the UK market, but they also allow non-UK citizens to subscribe to their services. Despite being quite similar to each other regarding certain features that are necessary to keep running a successful business, they have many differences too, like their pricing plans, the duration of the free trial, the list of applications that can be integrated and the mobile versions. OverviewMobileIntegrationsPricingCustomer SupportAbout Main...
FreshBooks vs QuickBooks Online Comparison28 Apr 2016 | 9:46 amChoosing a good online accounting solution is always tough—maybe even more frustrating than managing your own business. It is especially true if you have finally managed to pick two competitors and the only difference between them is just the name. However, you are not picking an accounting solution for the name, but for a vast amount of features for an affordable price, right? In that case FreshBooks and QuickBooks Online are here to satisfy your expectations. They have everything you need: essential features, clever extras, mobile applications, free trials, and different pricing plans with affordable prices. OverviewMobileIntegrationsPricingCustomer SupportAbout Main Features FreshBooks QuickBooks...
The Common Cents
Bookkeeping Basics – What To Do & Why You Need To Do It24 Jun 2016 | 12:41 pmStarting a business is the fun part, running a business is where all the work come is. One of the never ending tasks that on the MUST DO list is bookkeeping. But what is it really? What does it entail. They tell you that you have to do it but they never really get around […] Bookkeeping Basics – What To Do & Why You Need To Do It of The Common Cents
5 Steps To Creating Your Own Chart Of Accounts20 May 2016 | 11:16 amMost people don't give the chart of accounts a second thought. That's most people. But you're not most people. You've given it some thought. You know it's there but it's possible that you're not exactly sure what it is, why you need it, what you're supposed to do with it…or how to create your own. […] 5 Steps To Creating Your Own Chart Of Accounts of The Common Cents
That's Xero with an X [Review]15 Apr 2016 | 6:00 amZero isn't just a number anymore… it's Xero with X-Factor. Post Three of Four Finding a great cloud based accounting solution used to be damn near impossible. Or at least that is what I thought until I took the time to explore the goodness that is Xero. As you may have discerned for yourself by […] That's Xero with an X [Review] of The Common Cents
Lessons Learned In The Pivot – My Quarter In Review1 Apr 2016 | 9:10 amNot sure where to start so I'll just start with some brutal honesty. It was broken. My business that I has spent years working on and building was broken. Sure, I am a CPA and I have an accounting "firm" but at the end of the day, because of the virtual nature of how […] Lessons Learned In The Pivot – My Quarter In Review of The Common Cents
How Can I Help: The 2016 Reader Survey18 Mar 2016 | 2:00 amHelp me create content that is most helpful to you and serves your needs as a small business owner. Whether you're new at this or you've been at it for years, let me know how I can help. I want to make sure that I am doing the best job I can here […] How Can I Help: The 2016 Reader Survey of The Common Cents
Presti & Naegele
June 2016 Newsletter9 Jun 2016 | 9:43 amSalvatore Russo discusses, "Taxpayer protections, IRS oversight bills advance in Congress". Joe Romano answers "FAQ: Who is eligible for the small business stock exclusion?". The post June 2016 Newsletter appeared first on Presti & Naegele.
FAQ: Who is eligible for the small business stock exclusion?8 Jun 2016 | 10:59 amFAQ: Who is eligible for the small business stock exclusion? Included among the many important individual and business incentives extended and enhanced by the massive tax bill passed in late December is a 100-percent exclusion of gain from the sale of qualified small business stock. Under the Tax Relief, Unemployment Reauthorization and Job Creation Act of 2010 (2010 Tax Relief Act) individuals and other noncorporate taxpayers should not overlook the benefit of investing in qualified small business stock considering the ability for qualifying taxpayers to exclude 100-percent of gain from the sale or exchange of the stock. There are certain limitations, however, regarding who qualifies for the tax break,...
June 2016 tax compliance calendar8 Jun 2016 | 10:50 amJune 2016 tax compliance calendar June 2 Employers. Semi-weekly depositors must deposit employment taxes for May 25–27. June 3 Employers. Semi-weekly depositors must deposit employment taxes for May 28–31. June 8 Employers. Semi-weekly depositors must deposit employment taxes for Jun 1–3. June 10 Employers. Semi-weekly depositors must deposit employment taxes for Jun 4–7. Employees who work for tips. Employees who received $20 or more in tips during May must report them to their employer using Form 4070. June 15 Individuals. U.S. citizens or resident aliens living and working (or on military duty) outside the United States and Puerto Rico must file Form 1040 and pay any tax, interest, and...
FAQ: Is the cost of a weight loss program for obesity tax deductible?8 Jun 2016 | 10:50 amFAQ: Is the cost of a weight loss program for obesity tax deductible? Yes …but only if it is a medical necessity. The IRS has ruled that uncompensated amounts paid to participate in a weight-loss program as treatment for a specific disease or diseases (including obesity) diagnosed by a physician are deductible expenses for medical care. The deduction is subject to the limitations of Code Sec. 213 and its regulations. Generally, Code Sec. 213(a) provides a deduction for uncompensated expenses for medical care of an individual, the individual's spouse or a dependent, subject to certain limitations. The term medical care is broad and encompasses the diagnosis, cure, mitigation, treatment, or prevention of...
How do I…calculate the EITC for members of the U.S. military?8 Jun 2016 | 10:50 amHow do I…calculate the EITC for members of the U.S. military? To claim the EITC, a taxpayer must satisfy two tests with respect to earned income. First, the taxpayer must have some earned income. Additionally, the taxpayer's earned income must fall within certain ranges as the credit is subject to income phaseout. As the taxpayer's adjusted gross income (or, if greater, earned income) rises beyond the phaseout threshold, the credit is reduced according to a percentage phaseout, until it is eliminated at the completed phaseout amount. For 2016, a taxpayer is able to claim the EITC if:

The taxpayer had three or more qualifying children and earned less than $47,955 ($53,505 if married filing jointly)

The...

Krishi Kalyan Cess : How to implement in Tally.ERP 912 Jun 2016 | 1:53 pmRecently govt. of India has introduced a new cess on service tax i.e. Krishi Kalyan Cess. This cess has to be charged on services given from June 1st, 2016 onwards. The percentage would be 0.5% on service �tax. It would end up the service tax to be 15% which would include service tax 14%, Swachh Bharat Cess 0.5% and Krishi Kalyan Cess 0.5%.What is Krishi Kalyan Cess ?The Krishi Kalyan Cess KKC is a new cess introduced by union finance... Read More
Tally crosses One Million customer mark Globally.14 May 2016 | 2:58 amTallyMilliionOn May 4th 2016 when every partner went on line in their offices or at their home a sweet surprise was waiting for them. ApniTally was also one of them. The surprise was a mile stone which Tally achieved on 3rd of May. Mile stone of crossing One million customer mark globally. �Company announced its One millions customer win by Hash Tag #TallyMillion on it's FB page and all across world Tally partner on social media... Read More
How to reactivate Tally.ERP 9 license or shift it to another machine13 Jun 2015 | 6:43 amYou have purchased a Tally single user or multi user and now successfully using it. But due to one or more reason your tally turns educational ! What would you do? What are the steps you should take to again activate the license. This article would tell you what ideally you should do.How to reactivate or shift your Tally License Tally licensing has evolved during all these years with every new version. Now in Tally.ERP 9 licensing has become... Read More
How to Identify your most valuable customers using Tally ERP 912 Jan 2015 | 10:24 amThis article is about features of Tally ERP 9 which help any business to identify it's most valuable customers and how they can be retained once identified.� For any business customer is the King. A business strive to give best of it's services or products to it's customers. Businesses invest crores of rupees to understand what a customer wants and how his satisfaction can be achieved. Big business houses and brands keeps analysts,... Read More
Three things to Avoid in New Year / New Financial Year in Tally ERP 927 Dec 2014 | 5:17 amFriends I wish all Tally users a Happy and Prosperous New Year. Although for Accountants in India New year starts from April 1 when we have to begin new books. But there are people who start their book from Jan 1st. This is the case for companies whose parent companies are out of India.I have seen many Japanese companies who start their financial year form Jan 1st as their parent companies start their financial year on same date in... Read More
The Accountancy Partnership
ICAEW claims EU Referendum has caused Chancellor take eye off economic ball23 Jun 2016 | 5:06 amRoss Campbell, ICAEW Public Sector Director, claimed that Chancellor George Osborne has "taken his eye off the economic ball" in the run up to the EU Referendum that is taking place today. Commenting on the Public Sector Finances for May 2016, which were published yesterday by the ONS, Campbell said: "The impending EU referendum vote has contributed to an uncertainty that has resulted in a sluggish UK economy". He added that "it was imperative that the Chancellor put public sector finances at the top of his priority list for May 2016. "An increase of £0.2 billion in public sector net borrowing in the current financial year-to-date, when compared with the same period in 2015, illustrates that he...
6 Easy Steps to Making Your Bootstrapped Business Thrive23 Jun 2016 | 2:54 amIn 2015 new start ups increased by 4.6%. With so many new businesses, there' even more entrepreneurs who need to bootstrap in order to survive. Running a bootstrapped business can present a number of obstacles money-wise, but can also a huge advantage for those who need to learn fast. If you're starting a business without any funding from outside sources, you have to be able to save money and grow your business. Here are some top tips on how you can keep your business thriving while you're working on a budget. Outsource One of the main ways startups can save money is by outsourcing tasks. Opting to outsource rather than build an in house team can save a lot of money, not to mention time and energy. To...
Majority of self-employed workers will base vote on personal views21 Jun 2016 | 9:19 am72% of self-employed workers will be voting according to personal preference, rather than what they think will be best for their business, according to a survey by Intuit Quickbooks. The poll of 1,000 self-employed workers across the UK reported that only 20% of those surveyed said they would be voting based on business preferences. Of those surveyed 41.9% are ready to back the 'remain' camp, with 41.3% voting for 'leave'. 82% of self-employed workers will choose to remain self-employed in the case of the UK leaving the EU with 57% of self-employed people believing that in times of economic uncertainty it's more reliable to be self-employed than a full-time employee. Rich Preece, Europe vice...
"Workers will be constantly distracted" and five other misconceptions about flexible working21 Jun 2016 | 2:00 amAlthough most employers are embracing the idea of flexible working for their employees (it is 2016 after all), there are still a few who aren't quite convinced. If it would help you out to be able to work flexibly, it might be in your best interests to try and convince them otherwise. With so much data on how flexible working has increased productivity, it shouldn't be hard to put together a flexible working sales pitch to win over your boss. However, it always helps to know what you're up against. Here are five common misconceptions about flexible working, and how you can tackle them as an employee. "Flexible working = lounging around at home" As soon as the words 'flexible working' leave...
Details You'll Need to Form a Limited Company20 Jun 2016 | 12:53 amWhether you're forming your Limited Company yourself or outsourcing to an accountant, this is the information you'll need to have handy when it comes to filling out the forms. Registered Office Address If your business doesn't have an office address, most accountants will give you the opportunity for you to use theirs. The address must be in England, Wales, Scotland or Northern Ireland and cannot be a PO Box address. Director Details The Limited Company director keeps the company records and reports changes to Companies House and HMRC, as well as filing accounts with Companies House and completing a Company Tax Return with HMRC. The minimum amount of directors is one. Another company can be a director...
The Cheap Accountants
Barclays Bank Announcing New Funding To Finance Scottish SMEs16 Jun 2016 | 1:39 amBarclays have announced a new £500m that will boost funding for Scottish SMEs. Plans to Expand Barclays already provides finance for many of Scotland's top 250 businesses, but wants to widen its remit and expand in the SME finance market. The Bank has recently provided support for fast growing companies, including its Innovation Finance and venture debt fund for innovative companies, and has already provided £500m to help Scottish SMEs grow. It now feels it's 'expertly placed' to help Scotland's businesses because of its specialist staff, which includes Agriculture & Real Estate specialists. Jamie Grant, Head of Business and Corporate Banking for Barclays Scotland, said: "We have a strong...
Nearly a Third of SMEs Lose Deals Due To Funding Issues, says Survey10 Jun 2016 | 2:05 am� Nearly a Third of SMEs Lose Deals Due To Funding Issues, says Survey A survey by commercial finance company Amicus shows that 31% of SME owners say have missed business deals or investment opportunities because they failed to get finance from a mainstream lender. Pushing Borrowers into the Arms of Alternative Lenders Research by Amicus shows that small businesses are still struggling to get loans from banks. The survey revealed that 1 in 6 small businesses (16%) had seen their applications for bank loans refused in the last year, which marks a noticeable increase from last year's figure of 11%. Luckily for SME owners, there are more sources of alternative funding than ever before: property finance, peer...
UK SMEs Divided on EU Referendum6 Jun 2016 | 3:14 amPolls by Sage Europe and research consultancy TNS have shown that small businesses in the UK are still divided on whether a Brexit is the right move. � TNS Survey Shows Evenly Split Decision The TNS survey results were very close:t 37% of small and medium-sized enterprises (SMEs) were in favour of a Brexit, while 38% favoured remaining in the EU. One in four SMEs admitted they hadn't decided how to vote, with many saying they still didn't feel well informed about how a Brexit might affect their business. In view of this, it's not surprising that the reasons given for favouring staying within the EU were often more personal than business-based, including cheap holidays – while reasons for leaving...
Widening Skills Gap Will Hit SMEs Hardest, Warns New Research2 Jun 2016 | 7:01 amSMEs who haven't acted to solve the skills gap already must do so now – or else risk jeopardizing their future growth. This is the warning from Aldermore, the specialist lending and savings bank, after considering the research they have jointly undertaken with YouGove and CEBR. Over Two Thirds of Businesses Suffering From Skills Gap The research revealed that only 29% of businesses feel they are not suffering from a skills gap in their business – with medium-sized businesses nearly twice as likely to have a skills gap issue as smaller ones. 39% of all businesses said that they will need to hire more staff to grow financially over the next five years. However, not all findings were negative. The...
Royal Mail Launches Small Business Mailshot Tool31 May 2016 | 4:09 amThe Royal Mail has announced the launch of a new service for small businesses this week: Mailshot Maker. Online Mailshot Tool Mailshot Maker is a new online tool designed to allow small businesses to create their own professional, cost-effective mailshots. There is no contract involved and businesses do not have to agree to a minimum usage deal, making it ideal for smaller businesses. The tool includes a free image library of over 100 pictures and graphics, which will continue to be updated and expanded, and a range of design templates and creative themes to suit different types of business and branding, including a 'blank canvas' option for companies wanting a little more creative freedom. Users can...
Blog – Jetpack Workflow
Double Your Bookkeeping Revenue by Cutting 30% of Your Clients & How to Hire the Perfect Partners [Case Study]23 Jun 2016 | 6:36 amDouble Your Bookkeeping Revenue by Cutting 30% of Your Clients & How to Hire the Perfect Partners [Case Study] Ingrid Edstrom's first question when making a new hire: "Are you offended by Fbombs?" Not what you normally hear in an interview as a bookkeeper. But questions like this actually saved Ingrid's business in 2013 &... Read more � The post Double Your Bookkeeping Revenue by Cutting 30% of Your Clients & How to Hire the Perfect Partners [Case Study] appeared first on Jetpack Workflow.
How One Quickbooks Pro Advisor Revamped The Billable Hour14 Jun 2016 | 9:41 amDebbie Kilsheimer, Owner of Behind the Scenes Financial Services, will tell you right away that accounting work is all about optimizing your time with your clients. By focusing on delivering the quality over the quantity of your time, you can show your clients how they too can win in their business. This is how Debbie,... Read more � The post How One Quickbooks Pro Advisor Revamped The Billable Hour appeared first on Jetpack Workflow.
3 Crucial Steps to Building an Effective Accounting Team8 Jun 2016 | 2:27 pmA happy team yields a happy client and that's good for business. Just ask Two Roads President Chad Ridner who has built this bookkeeping and tax advisory shop into the Firm of the Future. We also dive into the 3 Crucial steps to building an effective accounting team built to last. On this episode of... Read more � The post 3 Crucial Steps to Building an Effective Accounting Team appeared first on Jetpack Workflow.
How To Generate Your First 100 Accounting Clients & Building Recurring Revenue30 May 2016 | 3:33 amIn this interview, we talked with Josh Bauerle, who came on to talk about how he got his first 100 accounting clients and kickstarted the success of his firm. In this interview, we talk about how to get your first 100 accounting clients as well as: + How Josh found his first opportunity to start... Read more � The post How To Generate Your First 100 Accounting Clients & Building Recurring Revenue appeared first on Jetpack Workflow.
How (and Why) You Should Intentionally Work with Fewer Clients23 May 2016 | 6:22 amWe all desire to serve our clients in better ways. In implementing high impact strategies, we can add great depth to the client relationship while growing the business. This week's guest is Steve Pipe, Founder of ImproveYourPractice, and we dive into how to deliver proactive value to your clients, charge premium fees, and right-size your... Read more � The post How (and Why) You Should Intentionally Work with Fewer Clients appeared first on Jetpack Workflow.
Blog – Mark S. Gottlieb
Discretionary Expenses in Business Valuations15 Jun 2016 | 1:35 pm(Reading time: Under 2 minutes) In an episode of the critically acclaimed sitcom, Arrested Development, aspiring magician and underachieving employee of the Bluth family business, G.O.B Bluth, tells his brother, Michael, "I figured out a way to make money while I'm working." Michael, the work-oriented and responsible Bluth brother, replies, "But that is what we call working." G.O.B. rarely performs work that adds to the value of the business, but, as a member of the Bluth family and officer of the Bluth Company, he is on the company payroll. His salary is an example of a discretionary expense that can affect the understanding of the company's value. Business owners typically have a fair amount...
A Business Valuation Analysis Can Help Increase the Value of Your Business15 Apr 2016 | 10:31 amIt is often assumed that a business valuation is only necessary in instances of conflict or litigation, but business valuations can be very useful in identifying ways to increase the value of an existing business. When business owners get valuations, they are often surprised by the lower-than-anticipated results as it is easy to overvalue personal assets and lose sight of the fact that market value is based almost exclusively on objective data regarding future profitability. It is essential that business owners have an accurate knowledge of their businesses value in order to be in a position to increase its worth. A business valuation expert would be able to provide an exact valuation and help the business...
Dealing with Fraud: A Simple Four Step System13 Apr 2016 | 1:16 pmModern day examples of fraud don't always take the form of mustachioed Ponzi-types with elaborate systems of deception. Today, elusive acts of fraud in the workplace are running rampant, especially throughout small businesses. � The ability to commit and get away with fraud has become even more accessible with the increased use of social technologies in the workplace. Tech savvy fraudsters can use anything from Facebook messaging to Snapchat to communicate plans for manipulating company funds in a way that is difficult to detect. If you or your client is suspicious of fraudulent activity in the workplace, it is essential to take the steps necessary to resolve the issue as quickly as possible. The...
Valuing Covenants Not to Compete26 Feb 2016 | 2:41 pmThe guest on Thursday's episode of The Daily Show, Airbnb CEO Brian Chesky, explained that value in the American economy is becoming less associated with ownership and more associated with experience. Airbnb has revolutionized travel and hospitality by allowing users to pay to stay in the homes of other users, rather than in hotels. Trevor Noah, the host of The Daily Show, joked that Airbnb and other similar organizations are making ownership obsolete: people no longer need to purchase cars, homes, or, now, pay for hotels. In a serious tone, Chesky explained that this decline in ownership came with an increase in the value of experience. He said that a person's value is now shown through their...
Mark S. Gottlieb, CPA, Launches New Website10 Sep 2015 | 7:18 amMark S. Gottlieb, CPA, a premier business valuation, forensic accounting, and litigation support firm, recently launched a new custom website. The post Mark S. Gottlieb, CPA, Launches New Website appeared first on Mark S. Gottlieb.
What's the Difference Between Forensic Accounting and Auditing?21 Jun 2016 | 10:22 amDo you suspect discrepancies or errors on your company or organization's financial records? If so, you may be on the hunt for assistance from a fraud accountant. But wait – is this the type of help you require? A lot of people who deliberate between paying for […] The post What's the Difference Between Forensic Accounting and Auditing? appeared first on .
How To Find An Expert Witness For Financial Fraud Cases8 Mar 2016 | 9:05 amPursuing a financial fraud case in court typically involves review of a considerable number of documents and transactions. The details are often so complex that an expert witness with a high level of financial expertise can be used to put complicated topics into terms a judge or […] The post How To Find An Expert Witness For Financial Fraud Cases appeared first on .
Common Real Estate Fraud Schemes To Watch Out For1 Mar 2016 | 9:00 amAs with any sizeable financial transaction, real estate dealings can involve fraud. Those who engage in these schemes can be very skilled, which means it's difficult to identify the signs of fraud. If you're thinking about buying or selling your home, or being otherwise involved with investments […] The post Common Real Estate Fraud Schemes To Watch Out For appeared first on .
Forensic Accounting Trends For 201623 Feb 2016 | 9:00 amLooking back at 2015 and heading into 2016, it's can be helpful to review the forensic accounting trends that have shaped the industry. There have been many developments over the last few months that can help us prepare for the New Year, but one central theme has become […] The post Forensic Accounting Trends For 2016 appeared first on .
Three Signs You Might Be a Victim Of Elder Financial Abuse16 Feb 2016 | 9:08 amWhether you're reaching your golden years yourself or are caring for an elderly loved one, there are those that may attempt to prey on your perceived financial vulnerability. Being a victim of elder financial abuse has become more egregious as more banking transactions take place online. And, many […] The post Three Signs You Might Be a Victim Of Elder Financial Abuse appeared first on .
Cloud Accounting for Startups and SMBs: Blog Series [8/10]22 Jun 2016 | 11:08 pmQuickBooks Online vs QuickBooks Hosting: What's the Difference? Earlier in the series, we compared abilities of the cloud against the desktop version of accounting and tax applications. Cloud cuts down the immediate cost of physical infrastructure while keeping solutions equipped...
4 Best Practices to Ensure Success in Next Tax Season16 Jun 2016 | 9:32 pmWell gone is the 15 April of this year and tax would seem like a done and dusted process to most professionals. The Harsh fact is taxes are inevitably recurring. The tax season will come back and you can easily...
Cloud Accounting for Startups and SMBs: Blog Series [7/10]14 Jun 2016 | 10:51 pmHow to Handle Multiple Clients and Data at Once in Your CPA Firm? In the blog series, we have mostly discussed the accounting solutions that serve the small businesses and startups. For the change, this article will consider the perspective...
Cloud Accounting for Startups and SMBs: Blog Series [6/10]10 Jun 2016 | 2:55 am5 Best Practices to Manage Multiple-Users on the Cloud Halfway into the series, we have discussed the major issues that startups and SMBs have to face and how accounting on cloud resolves those challenges on many fronts. In the process,...
How to Deliver Great Customer Service to Accounting Client?7 Jun 2016 | 6:46 amCustomer service experience is a paramount reason that contributes to the long-term business success. When the case of service-based business, such as – accounting firms, is considered, the importance of quality customer service grow even more. An outstanding service experience...
DFND Analytics
Internal Auditors – Are You a Leader or a Manager?25 Jun 2016 | 9:56 amWhat is the difference between management and leadership? It is a question that has been asked of internal auditors more than once and also answered in different ways. The biggest difference between managers and leaders is the way they motivate the people who work or follow them, and this sets the tone for most other aspects of what they do. Many people, by the way, are both. They have management jobs, but they realize that you cannot buy hearts, especially to follow them down a difficult path, and so act as leaders too. Internal auditor managers have subordinates By definition, managers have subordinates – unless their title is honorary and given as a mark of seniority, in which case the title is a...
Lax Nonprofit Oversight Leads to Fraud Charges for Ex-NFL Star25 Jun 2016 | 9:42 amAs a Boston University sophomore, Reggie Rucker broke a New England major college record with three punts returned for touchdowns in a single season. He went on to play for the Cleveland Browns in the NFL, where he was considered by many to be one of the best receivers in that team's history. Rucker played from 1975 to 1981, and in his retirement, he became a popular sportscaster and public speaker. He dated Academy Award-winning actress Halle Berry and he also liked to have a good time. "I was treating myself," Rucker told the Cleveland Plain Dealer. "I wanted to play golf and have some fun. I wanted the best hotel suites, champagne, limousines, shows and restaurants." He said gambling losses were only a...
5 Tips to Stop Cash Flow Issues from Wrecking Your Businesss17 Jun 2016 | 2:00 pmMost small business owners do not understand the difference between cash flow and profit. A business can be profitable, but it can still run out of cash. If that happens, then bankruptcy is a real possibility. Cash flow problems can stem from many sources within a small business. Here are a few tips from pros to stay on top of cash flow issues: 1) Have a good accounting system and analyze the timing of your cash inflows and outflows; pay attention to credit terms and inventory, according to Byron L. Riley. 2) Compare cost trends, says Doug Boswell. There is a capacity for a business to accumulate costs. They gradually grow month-by-month and your cash flow gradually diminishes to a trickle and finally...
Free Quickbooks Insider Fraud Detection From DFND Analytics15 Jun 2016 | 10:26 amStop insider fraud! Worried your employees are honest? Grow up. They aren't. More than 75% of employees have stolen from their employer once. Among the most harmful threats are those that come from internal frauds and embezzlement.

An estimated 5 to 7% of annual company revenues are lost to fraud each year.

The median loss is $150,000. Losses caused by managers are typically $1,000,000.

The average fraud is discovered from a tip by a vendor or an employee, not by an audit.

33% of business failures are caused by internal fraud.

 Common solutions such as employee theft insurance or relying on auditors to find fraud are either expensive or ineffective. What can you do? The best solution is to be proactive...
Insiders are More Dangerous Than Hackers15 Jun 2016 | 10:18 amMuch has been published recently on the subject of hacking and cybersecurity, but did you know that for most organizations there is far greater threat – insiders. External actors are responsible for the greatest number of successful hacks, but insiders, the very people you depend on to handle your company's most sensitive data, arguably pose the greatest threat. Given that fact, how well do you know your enemy? Are there tell-tale characteristics that can shed light on which insiders pose the biggest threat? Know your enemy When it comes to understanding the threat of insiders, you have to "think like a thief to catch a thief," to use a time-honored colloquialism. If you don't understand your enemy,...
CPA Self Study
X Axis Units in Excel Charts16 Jun 2016 | 8:17 amX Axis Units- Excel Charts I thought I would share this problem I ran into charting so that you don't start banging your head against the wall as I considered doing. I have used this same data in a many different versions of Excel and never had a problem until Excel 2016. I charted some data and I went merrily on my way until at some point I noticed big problems with my X axis. Do you see the problem? Take a look at the X axis. At first glance, it looks okay and then… hmm.. issues here. Excel 2016, by default, apparently uses days so it is showing the first day of the month. Unfortunately, most businesses are more interested in the last day of the month. To fix this, right-click on the X axis and select...
GETPIVOTDATA Function31 May 2016 | 9:51 amI am in the process of updating my Pivot Table course and decided that I take another look at the GetPivotData function. GET PIVOT DATA is an Excel function that pulls data from your pivot table. I personally don't use it because if you hide a field you referenced in GETPIVOTDATA, the function stops working. Sometimes, just rearranging the fields in the table can impact the function as well. However, I did want you to be aware of it. If you try to multiply a total in a pivot table, you will immediately see that Excel automatically references the GETPIVOTDATA function. This is a problem because if you copy the formula, you will get the same answer for the entire column or row. In the example...
AGGREGATE Function20 May 2016 | 7:23 amThe AGGREGATE Function The AGGREGATE function is a very powerful function for summarizing an array of data. It combines 19 different ways to summarize data into one function! While it is a powerful function, my favorite reason for using AGGREGATE is its ability to SUM data with errors. The syntax for the AGGREGATE function is =AGGREGATE(function #, options, array). The function #'s are listed below: � � � � � � � � � � � � � � � � � As you can see, your options permit you to ignore nested subtotals, hidden rows as well as error values. One of my biggest pet peeves is trying to sum data that has error values. The AGGREGATE function makes this easy. Assume you have data in cell A1:A6, and that you...
-Professional Ethics- CPA Case Study4 May 2016 | 7:43 amProfessional Ethics – A Case Study for CPAs in Business CPAs in business have unique threats to ethical compliance. Many times, these threats come from their employer. This makes for a challenging environment when confronting a superior over an ethical quandary as it could result in the dismissal of the CPA from his/her employment or result in the CPA resigning from his/her employment. Maintaining professional ethics can be difficult. While the loss of a client is important to the CPA in public practice, the loss of the sole source of income of the CPA in business is much more frightening and impactful. This makes compliance with professional ethical standards challenging in difficult situations. In some...
– Privacy of Tax Return Data18 Apr 2016 | 8:45 amTax Return Data – Privacy Issues I read an interesting article the other day on the privacy of your tax return. Everyone, of course, needs to be aware that your tax-return information can reside in many places, whether you are doing just your own taxes or those of others. The IRS share information with state tax agencies, law enforcement and others, which is sometimes required by law, other times not. However, it says that it tries to limit sharing to the relevant needed information. As you know, all tax preparers, including CPAs who prepare and sign returns for clients, have strong privacy and ethics rules. Many state boards and the AICPA specify a minimum number of years' tax return information must be...
QuickBooks Support | Quickbooks Customer Service Phone Number - Quickbooksfixes » QuickBooks Online Updates, Tips, & News
HOW TO SHIFT OLD TO NEW VERSION OF QUICKBOOKS17 Jun 2016 | 7:08 amQuickbooks 2016 is the 24th edition of QuickBooks and after gaining years of experience and through research QuickBooks has always tried to keep itself updated with new features and use of technology so that its user always have an edge over the others. It aims at making accounting procedure simpler and quicker and for that it has updated itself from time to time. Change is the only thing constant and changing with time is essential if a person doesnot wants to be left behind and want to match it s step with the changing times. This is true not just in general life but in business too. With changing times, the consumer need, market too undergoes a change and to be a successful enterprise it is necessary to...
HOW TO RECORD ACCRUED EXPENSE IN QUICKBOOKS16 Jun 2016 | 11:39 amEvery business has some liabilities owed to them for the goods and services rendered by them or in form of taxes to be collected and for that purpose they have to treat these expenses as accrued expenses. Accrued expense in general terms means those expenses which have been recorded in the books of account but no actual exchange of money has been transacted for it. It is a form of liability and is also recorded in the balance sheet of a company as they are expected to be realised in near future. It is important to adjust for accrued expenses in the financial statement of a company because if it's not recorded than the reported profit for the period will appear unnecessarily inflated. A normal journal...
WHY I SWITCHED FROM QUICKBOOKS DEKSTOP TO QUICKBOOKS ONLINE15 Jun 2016 | 8:19 amA company started out in 2008 with just 6 employees and small line of business, I was in search of an accounting software that will be easy to operate, that care of all my accounting needs, enable me to comply with all the norms and calculations of invoice, payments and other liabilities on time and without any hassle. Being a small scale business, I wasn't too keen to spend much on accounting operations and therefore on reliable recommendation choose QuickBooks Desktop version , which gave me speed, easy of doing bookkeeping and wasn't too heavy on my pocket. Butting cutting back to today, my scale of business has expanded, so has my number of employees and the business is not limited to a geographical...
HOW TO CHANGE EMAIL TEMPLATE IN QUICKBOOKS14 Jun 2016 | 6:21 amAn email is not just a way of communicating with the business client but also speaks volume about your business. How clearly you are able to convey your message in an email helps to retain the client and create healthy business relation. Therefore QuickBooks have taken great care in designing its email templates for different purposes so that you can save time with its auto fill option that adds details from the records itself. This feature is especially beneficial when you are sending bulk mails and don't have the leisure of time to fill in each detail manually for individual client. There are 3 email options in QuickBooks which are Web mail i.e. sending mails through web based mail services like...
UNDERSTAND THE BENEFITS OF QUICKBOOKS 201613 Jun 2016 | 9:59 amQuickBooks 2016 has just arrived and it's making a roar with all the new features and useful updates. It is the 24th version of QuickBooks accounting software and has been developed after years of experience and understanding of the need of the user. QuickBooks 2016 is available for Windows, Pro, Premier, Accountant and Enterprise. Some of its useful new features that has been incorporated into it are listed below Bill tracker- it enables the user to see pending bills, item receipts, purchase order etc. Bulk clear send forms- Creating space in the company's file could be done with a single click with the new feature of bulk clear send forms that enables the user to clear multiple send forms tagged as...
QuickBooks BLog Archives, Tips, & News, Updates – Intuit Quickbooks Customer Service Phone Number
Error H101, H202, H303, or H505: when opening your company file15 Jun 2016 | 4:47 amWhen you open a corporation move into multi-user mode, you see AN error:

You're attempting to figure with a corporation file settled on another laptop, and this copy of QuickBooks cannot reach the server on it laptop (H202).

It seems that the QuickBooks package on laptop [server name] is ready up to permit shared connections to the corporate file, however the QuickBooks package on your laptop is unable to speak with it (H202).

You're attempting to figure with a corporation file settled on another laptop, which laptop wants further installation and setup. (H101, H303, and H505).

 Note: compass doesn't support firewall or anti-virus programs. you'll got to consult the program supplier for help with putting...
TOp 10 Most Common Printer Issues Solved15 Jun 2016 | 3:49 amPrinters will gift a infuriating vary of issues to shoppers. They run through ink too quick, their output quality could also be blemished, they'll print at a snail's pace, paper could often jam. Sometimes, they're going to simply refuse to print in the slightest degree, and simply sit there whereas you fume. as luck would have it, several of those things area unit resolvable. Here we tend to describe ten common printer issues, and provides tips about resolution them—or at the terribly least, allow you to grasp once to have a say the towel and decision school support. 1. My printer will not print. If there are not any error messages inform you to the matter, check to make sure that the printer remains...
Is QuickBooks within the Cloud Reliable resolution to Explore Business?14 Jun 2016 | 6:18 amAs we all know QUICKBOOKS is that the most well liked accounting and business resolution within the world and it's utilized by globally unfold business house owners. Nowadays, QuickBooks within the cloud' feels like a subject to common discussion. Article is aimed to allow you to give info that you just will build a right call concerning it. QUICKBOOKS within the iCloud comes in 2 forms:

QuickBooks on-line

QuickBooks Desktop

 QuickBooks on-line First of we should always apprehend what's QuickBooks Online? it's a Book keeping software system which may be accessed with any applications programme from anyplace. Therefore, this on-line application shares the as QuickBooks Desktop however its programme is...
We Switched: Moving from QuickBooks Desktop to QuickBooks Online, Why11 Jun 2016 | 2:57 amAn interview with Palo Alto Software's CFO Trevor Betenson, on why he switched the corporate from QuickBooks Desktop Enterprise Edition to QuickBooks on-line, and why he feels QuickBooks on-line is prepared for many businesses. About the interviewer: Kathy Gregory is that the Program Manager for the Accountant's Channel at Palo Alto code. About the interviewee: Trevor Betenson is that the Chief treasurer at Palo Alto code We often hear from accountants (this is that the leading question) that QuickBooks on-line is generally for little, easy firms and it can't handle a additional advanced structure. With this in mind, are you able to describe Palo Alto code from a CFO's perspective, or associate...
Why Use to Intuit QuickBooks is must for Businesses?11 Jun 2016 | 2:19 amName that software package that suits and meet would like of tiny businesses? What quite software package ought to be thought of for running business? Well, software package that helps them to urge additional business and turns their tiny businesses into larger one ought to positively be thought of by the business homeowners. of these results will be gained by the Inuit's QuickBooks and even, it's one in all the foremost helpful enhancements created to the business application. American Indian has hooked up AN electronic commerce link to QuickBooks that enables it to buy big selection of valuable business merchandise and services. In fact, American Indian has declared that from next year forward, its...
Blog – Boox
Happy Father's Day to all the great dads out there!17 Jun 2016 | 3:00 amIn honour of father's day this Sunday (19th June), we take a look at showbiz fathers who have passed on their star quality to their offspring. Some have even gone on to become even more famous than their celebrity dads! The post Happy Father's Day to all the great dads out there! appeared first on Boox.
Repaying Student Loans via Your Tax Return15 Jun 2016 | 8:46 amAh, those were the days. Lectures and cramming for exams in the library all day and still having the energy for a pub crawl before crawling to bed in the wee hours before waking up with a banging head (and a random traffic cone beside you – how did that get there?), only to do… The post Repaying Student Loans via Your Tax Return appeared first on Boox.
Bizarre British Laws2 Jun 2016 | 3:19 amAs dedicated contractor accountants, here at Boox it is our job to guide our clients through what can be a complex minefield of HMRC and contractor legislation, regulations and compliance. Staying abreast of ongoing legal changes and developments is a serious business, and we are committed to keeping you right. But for a bit of… The post Bizarre British Laws appeared first on Boox.
A Guide to Crowdfunding and Taxes27 May 2016 | 4:12 amCrowdfunding has become something of an online phenomenon of our age. It works on the principle of securing financial backing from large numbers of small investors, rather than relying on injections of capital from larger investors or a bank loan. The practice has been growing in momentum in recent years, with a number of dedicated… The post A Guide to Crowdfunding and Taxes appeared first on Boox.
A Quick Start to Building Your Own Business17 May 2016 | 2:25 amStarting a business is becoming a more attractive prospect, not just to the working population, but to students and graduates too. We live in such a technologically advanced world we can run a small business from our homes, making it incredibly cost effective, plus no more worrying about renting expensive office space. So if you're… The post A Quick Start to Building Your Own Business appeared first on Boox.


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Recent Punahou graduate Michael Suiter, an all-state outfielder, said he will sign a letter of intent to play at Kansas.
Suiter originally signed with Santa Clara, but when coach Mark O'Brien resigned last month, players were given the option to be released from their letters. That opened offers from other Division I schools.
"I got a nice offer from Kansas," said Suiter, who is playing in the Alaska Baseball League. "There are a lot of Hawaii boys going up there with me. It's a good opportunity."
He will join recent high school graduates, pitcher Robert Kahana of Campbell and infielder Justin Protacio of Mid-Pacific. Already at Kansas to play his second season is Punahou graduate Kaiana Eldredge.
Suiter is playing for the Mat-su Miners this summer.
"I'm definitely trying to learn as much as I can," he said. "It's a good experience."
Kahana and Eldredge are playing in the Hawaii Collegiate Baseball League, while Protacio is playing for the Island Movers.
He led Buffanblu to five ILH championships and two state titles. His 192 coaching wins at Punahou are...
Head coaches Jim Harbaugh and Nick Rolovich and their staffs with the help of the Gridiron Performance...
Select photos from the third day of the inaugural Aloha Summer Classic taken by SL photographer CJ Caraang.
Select photos taken from the second day of the inaugural Summer Aloha Classic taken by SL photographer...
Select photos taken from the first day of the Summer Aloha Classic taken by SL photographer CJ Caraang.


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Comments about 'Utah/BYU basketball: Utes deny role of 'David' against 'Goliath''
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"David" (PAC 12) versus "Goliath" (WCC) eh?
- 8:34 p.m. Dec. 9, 2011
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I think David might have had a few more weapons at his disposal than do the Utes...
- 9:04 p.m. Dec. 9, 2011
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Bluecat82 | 9:04 p.m. Dec. 9, 2011
Minneapolis, MN
"I think David might have had a few more weapons at his disposal than do the Utes..."
That is true.
While I don't believe the Utes have much hope for being David, calling BYU a basketball goliath is a bit of an overstatement---except in the relationship to the U's current program.
- 10:45 p.m. Dec. 9, 2011
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Most people will think I'm nuts -- but I'm predicting an upset tomorrow. The
Utes men's team will beat BYU.
A couple of reasons, the Utes will be pumped to beat their hated rival. On the other hand, the team from Provo will completely overlook the Utes. The blue team probably didn't even practice for the game and will be in for a big surprise.
Coach K knows how important the rivalry game is. The Utes will come out playing harder then they ever have and beat the team from Provo. It will be epic.
Utes 49 BYU 45
- 12:09 a.m. Dec. 10, 2011
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More like "Bug vs. Windshield". Utah will be back some day, BYU needs to enjoy their advantage while they can. 1-25 was only 15 years ago.
- 9:07 a.m. Dec. 10, 2011
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As long as Dave Rose is the coach at BYU, Utah will never have the advantage again. Get used to it.
- 10:08 a.m. Dec. 10, 2011
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I'd like to see a good game, and think it's possible for the Utes to step it up.
Perhaps a BYU game is what they need...
Anybody seen Jabari Parker film? Signing a guy like that might make it D v G. Don't think he'll come to Provo, but I would love it. Sounds like his folks are letting him decide, though his Dad appears to want him close to Chicago. I'm thinking what Jimmer did may give him pause to think it's possible to get recognition in Happy Valley. I can dream, can't I?
- 10:56 a.m. Dec. 10, 2011
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David had God on his side. utah? I don't think so.
- 12:24 p.m. Dec. 10, 2011
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Put away childish behaviorApril 29,2013Put away
childish behavior
When we become of age, we need to act as responsible adults. Unfortunately, it doesnt always work as many people in society think that getting ahead of others will be the greatest satisfaction. Although, when you stop and realize this, the strain of that so-called goal is childish.
RutlandMORE IN LettersI just recently saw a response to my letter from a few weeks ago. Full StoryIt amazes me that a joint committee between Rutland Town and West Rutland, called the Smart... Full StoryWhen those who oppose the resettlement of Syrian refugees understand the reality of barrel bombs,... Full Story
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Code and Coffee is a monthly opportunity for you to put your skills to work. Bring your laptop, your recent projects and your programming problems.
Have a project idea and some skills, but haven't attended a GDI event yet? Want to focus on helping others with their projects? You're welcome too!
As a group, we'll hold each other accountable for completing our projects, and provide on-going support and feedback.
This event is free, but we ask that you make a small purchase. The shop is being kind enough to open outside their normal hours for us, and we like supporting local businesses. :)
Feel free to come by for the whole thing or drop in when you have time.
Share what you're interested in working on in the comments, so you can connect with people.
Need a ride to the event or willing to drive others? Please share in the comments!
Check out our available books and add a comment if there's anything you want to borrow from the library.
Note: This venue location is handicap accessible. :)
Here's a link to my slides from my "I am a front-end web dev talk" https://speakerdeck.com/juliepagano/i-am-a-front-end-web-dev-and-so-can-you
0 · June 14, 2013
free CS2 suite that we were discussing: http://www.adobe.com/downloads/cs2_downloads/index.html
0 · June 13, 2013
I'm hoping to make this one if I get this application completed.
0 · June 13, 2013
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From JPCL, January 2014
SSPC 2014 featuring GreenCOAT will be held Feb. 10–13 at Disney's Coronado Springs Resort in Lake Buena Vista, FL. This article is a list of updates to the SSPC 2014 Advance Program that were received after it was published in the December 2013 JPCL....
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