News

Workplace Fitness

2013 Day 57: The Desk Squat

Today's workplace fitness exercise focuses on the leg muscles.
800
Practice

How to Attract New Partners from Inside and Outside Your Firm

Firms looking to add new partners need to abandon "archaic approaches" to doing so, be it with existing staff or when looking at outside candidates. This is the message from "How to Bring in New Partners," written by Marc Rosenberg of The Rosenberg Associates consulting firm.
1146
Practice

The One Key to a Dignified Retirement? Starting Early

The role of a financial planner and particularly a financial planner in a CPA firm, is to educate our clients that retirement planning is not about market timing. It's not about investment returns. It's all about having a consistent plan and then sticking to that plan.
876
Practice

Strategies for Utilizing Permanent Life Insurance in Qualified Plans

One of the advantages offered by qualified retirement plans is the ability to acquire life insurance on plan participants using existing plan assets and future contributions to pay the premiums. This allows the plan to obtain life insurance coverage on plan participants with tax-deductible dollars.
1542
Practice

Eight Major Risks to Your Clients' Retirement

Everyone wants a safe, stable and certain flow of income to sustain their ideal retirement. But if you were to ask five different relatives and friends what retirement means to them, you would likely receive five different answers.
800
Technology

Mike Sabbatis Joins XCM Solutions' Board to Aid in Execution of Aggressive Growth Strategy

XCM Solutions, LLC, a leading provider of Cloud-based workflow management software for the accounting profession, announced the appointment of Mike Sabbatis to the XCM Solutions Board of Directors.
1589
Practice

Are You a Secret Expert?

Do you serve a particular niche especially well? Have you served clients with complex issues that took a great deal of research? Do you have more knowledge than most in a particular area of tax or accounting? If so, congratulations – you're an expert. But are you keeping your hard-earned expert status a secret?
1063
Tax

Ex-Chicago Bear Zorich Up Tax Creek without an Excuse

No excuses for former Chicago Bear Christopher Zorich. He simply told the judge in March that he didn't file his taxes for 2006 to 2009 "in a timely fashion." He pled guilty on four misdemeanor counts of not filing federal income tax on more than $1 million.
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Workplace Fitness

2013 Day 56: Oblique Twister

Today's workplace fitness exercise targets the major core muscle groups, but primarily the obliques.
822
A&A

PCAOB to Consider a Proposal for the Reorganization of Auditing Standards

The Public Company Accounting Oversight Board (PCAOB) has scheduled an open meeting for 9:30 a.m. on Tuesday, March 26, to consider issuing for public comment a proposal for the reorganization of PCAOB auditing standards.
795
A&A

New CAQ Guide Explains How Public Companies Manage Financial Reporting Risks

On March 21, 2013, the Center for Audit Quality (CAQ) released the "Guide to Internal Control Over Financial Reporting (ICFR)," a new publication for investors and the general public.
839
A&A

FASB Adds Three Implementation Guides to XBRL Series

The FASB recently added three Implementation Guides to the XBRL series, including two for the insurance industry. The guides are designed to help users of the US GAAP Financial Reporting Taxonomy understand how certain disclosures are structured within the Taxonomy.
899
Tax

Xero Survey Reveals Biggest Tax-Time Mistakes Small Business Owners Make

Tax season has a way of highlighting small business owners' financial management lapses. According to a recent survey, the two most frequently cited are (1) failing to keep financial records up to date and (2) not preparing a budget for the year ahead.
2092
Technology

Microsoft Excel: Inserting Rows and Columns with Ease

Spreadsheet users frequently insert rows and columns into spreadsheets, but for most users, it's a multiple-step process. Excel expert David Ringstrom explains how you can create your own custom shortcut to insert rows or columns with a single keyboard shortcut or mouse click.
3527
Tax

Football Player Terrell Owens Faces IRS Lien

Ex-NFL wide receiver Terrell Owens joins a long line of top-earning sports figures who blew through their wealth quickly and ended up broke. According to "Sports Illustrated," this is part of a "financial pandemic" that plagues a lot of top-earning athletes, especially in the NFL.
4084
Practice

CPA Firms Need to Find New Ways to Build Revenue in Post-Recession World

The US accounting services industry, including CPA firms, is expected to remain in a slow-growth mode, with annual revenue expected to rise a pedestrian 1.3 percent this year, to $72.9 billion.
6747
Tax

IRS Star Trek Video: Going Where No Agency Has Gone Before

A high-ranking member of the tax-writing committee in Congress is demanding the IRS release copies of two video parodies produced with taxpayer money. The videos, which spoof "Star Trek" and "Gilligan's Island," were shot at the IRS' television studio in Maryland.
1517
A&A

Sales Numbers Up? Now's the Time to Reduce Risk of Credit Card Fraud

According to a March 13 report from the US Department of Commerce, retail sales increased 1.1 percent in February, to $421.4 billion, marking the biggest surge in the retail space since last September. Elevated sales numbers mean additional credit card transactions and, as a result, an increased risk for fraud.
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Workplace Fitness

2013 Day 55: Overhead Reach Stretch

Today's workplace fitness exercise is a stretch for your arms, shoulders, and back.
783
Technology

Kickin' and Screamin' into the Cloud

How many times have you heard someone say, "I'd rather chew nails than go to the dentist?" Believe it or not – with my tongue firmly planted in my cheek – there are still some accounting professionals who would rather chew nails than move some or all of their practice to the Cloud.
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Pages

Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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