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Guide your client to more competitive bankcard processing rates
Bankcard processing has become very price competitive, yet many small business owners don’t know if their fees are in the competitive range. Here are some guidelines that will help you assist your clients to know where they stand.
IRS announces qualified disaster treatment for Chile
The Internal Revenue Service this week issued guidance designating the February earthquake in Chile as a qualified disaster for federal tax purposes.
Charles Rangel steps aside as House Ways and Means chairman
Bowing to pressure from Republicans and Democrats in the U.S. House of Representatives, Charles Rangel, chairman of the tax-writing House Ways and Means Committee, agreed to step down “temporarily.”

Accelerating cash flow during a credit crunch

03/12/2010 - 18:28 - 637 reads

For cash-strapped companies, increasing cash flow is essential for staving off creditors and threats of involuntary bankruptcy actions. Companies struggling to increase cash flow tend to look to some common places for increasing operating cash.

Citibank apologizes after exposing 600,000 Social Security numbers

03/11/2010 - 11:08 - 3399 reads - 1 comment

More than half a million Citibank customers received mail from the credit card company with their Social Security number printed on the outside of the envelope.

Basketball and income tax: An unlikely pair? Not necessarily

03/11/2010 - 10:35 - 731 reads - 1 comment

What does it take to get spectators in the seats at a New Jersey Nets basketball game? The latest promotion is to give away free state tax preparation by well-known tax professional Roni Deutch.

Hiring outlook good for accounting pros

03/11/2010 - 10:02 - 1486 reads

At a time of high unemployment and low hopes, jobs in the accounting and auditing fields are expected to grow.

Credit solutions for you and your clients

03/10/2010 - 21:14 - 531 reads

With the Credit Card Act of 2009 in effect as of February 22, 2010, we all face a credit crisis. What tools do we have as merchants and as advisors to our clients?

Interesting vs. interested – advice from a prospect

03/10/2010 - 15:50 - 799 reads

I think it’s great that you ride a Harley, raise chickens, enjoy food and wine, skydive, or volunteer at a homeless shelter. But are you just as interested as you are interesting?

Massachusetts tax attorney suspended for failing to meet tax filing obligations

03/10/2010 - 12:16 - 692 reads

Massachusetts Tax Attorney Kevin Kilduff has been barred from practicing before the Internal Revenue Service for 48 months for failing to file a federal tax return, and for filing another five returns late.

Thomson Reuters releases 2010 edition of Mexico Tax, Law, and Business Briefing

03/10/2010 - 12:03 - 674 reads

The tax and accounting business of Thomson Reuters recently updated its Mexico Tax, Law, and Business Briefing book, which is designed to help companies comply with Mexico's new tax and finance legislation changes, explore opportunities for minimizing the change impacts, and proactively manage audit risk.

Retaining African Americans in the accounting profession

03/09/2010 - 16:57 - 853 reads

The low number of African Americans in the accounting profession is discouraging, and that number might even be declining despite the best efforts of hiring firms.

Grant Thornton takes a stand regarding SEC, IFRS Roadmap

03/09/2010 - 14:06 - 951 reads

Grant Thornton has been a staunch supporter of the ongoing movement toward one set of high-quality, globally accepted accounting standards. At present, that language of financial reporting features several different dialects, depending on where a company operates.

Saving QuickBooks clients from themselves: Set up Draw as an Other Expense

03/09/2010 - 02:13 - 806 reads

Do you work with a Sole Proprietor or S-Corp? Has your client ever been confused by having to pay taxes on a large profit, when there is no money in the bank? Sometimes we have to help save clients from themselves.

Small business and QuickBooks: Did you reconcile?

03/09/2010 - 01:53 - 735 reads

Love it or hate it, most small business owners are using QuickBooks to track their company’s finances. If you follow these steps on a daily/weekly basis, then reconciling your account should only take a few minutes of your time and should be very easy.

Tools for virtual accountants: portals, applications, and file space

03/09/2010 - 01:41 - 1245 reads - 1 comment

Business professionals realize that the issues of time and distance no longer impact their ability to get work done. In order to make the most of your virtualized working model, consider the value of the following three elements you should have in your online toolkit.

QuickBooks at tax time: Cleaning up your client's QuickBooks data

03/09/2010 - 01:21 - 862 reads

Though QuickBooks is very easy to use, our clients often create numerous setup and data entry errors that we have to troubleshoot. This troubleshooting often coincides with tax time.

Selling services: It’s not about the money

03/09/2010 - 01:03 - 547 reads

I spoke in December at a networking meeting of sales professionals. What I was asked to speak about (and this by someone who fully understands my views on the topic), and what I disclosed during my brief presentation is the following: Sometimes it’s just not about money.

Banking payroll hours: The ATM approach for QuickBooks

03/08/2010 - 22:40 - 503 reads

Employers will occasionally allow employees to bank extra hours worked and will then pay the banked hours at a later date. For QuickBooks payroll users, there is a simple workaround that can address the issue of tracking banked hours.

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AmEx CEO Ken Chenault on How Regulation Impacts the Payments Industry

Recently, David S. Evans, Editor in Chief, interviewed Ken Chenault, Chairman and CEO of American Express. Chenault weighs in on how the economy and government regulation will impact the payments industry, and how American Express will navigate these tricky waters. READ MORE >>

IRS Extends Comment Deadline To June 1 On Uncertain Tax Positions Proposal

FEI's Washington DC Government Affairs office reports that the Internal Revenue Service is giving interested parties more time to submit comments on its recent proposal to require companies to disclose information about their uncertain tax positions.
READ MORE >>

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Welcome to AccountingWEB

Whether you are new to tax preparation or a seasoned accountant providing tax preparation services to clients, you've probably given thought to what tax software makes the most sense for you to use. As you prepare for the upcoming tax season, we think it might be useful for you to learn about some of the various programs on the market, and thus we are proud to present our Tax Software Review.

Regards to all,
Gail Perry, CPA
Managing Editor, AccountingWEB
editor@accountingweb.com

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Recent Blog Posts

Date	Title	Hits
03/15/10	Dodd Unveils Substitute Bill on Financial Regulatory Reform	53
03/15/10	SEC Updates C&DIs on Exec Comp, Corp Gov; Corp Fin Issues Staff Legal Bulletin on Suspension of Certain Reporting Obligations	61
03/15/10	Michigan and Disregarded Entities: Relief From Kmart Case Legislation????	91
03/14/10	Manufacturers: R&D (Research & Development) Tax Credit	80
03/13/10	FASB, IASB Release Exposure Draft on the Reporting Entity, Part of Conceptual Framework Project	138
03/13/10	Blue Ribbon Panel on Private Co. Accounting To Hold 1st Meeting April 12	155
03/13/10	What the Heck is ROMI?	81

Michigan and Disregarded Entities: Relief From Kmart Case Legislation?

Guide your client to more competitive bankcard processing rates

Manufacturers: R&D (Research & Development) Tax Credit

Why no one cares about privacy anymore

iPad Swapped if its Battery Fails, Apple Says

Did you miss the 2009 Tax Software Review?

Our crew of tax software reviewers experimented with fourteen programs this year, including installable desktop and SaaS online programs. We’ve tried to provide an overview of how the programs work, what features they include, what kind of tax preparer/practitioner they are geared toward, and how much they cost, so that you can make an informed decision. Click here

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Book of the Week

Fitness 9 to 5: Easy Exercises for the Working Week by Shirley Archer

The latest trend in fitness for the overworked and underexercised? The office cubicle, of course! Fitness 9 to 5 is the perfect antidote to long hours hunched over a desk and missed dates with the gym.

More Information | Purchase | Visit Book Archive