Virginia news

Technology

Converting to QuickBooks: The How-To Guide

Here is a guide for converting a client's accounting system to QuickBooks. The guide is designed to help you help your clients, by removing much of the uncertainty of conversion and shortening the process.
Practice Development

Break free: Five marketing challenges holding back your CPA firm

How does a CPA firm market during these challenging times? How does it preserve value? And how can it emerge from this crisis stronger (and wiser) than before?

Salisbury University takes first place in Goodman Accounting Challenge

A team from Salisbury University in Salisbury, MD was the winner in the eighth annual Goodman Accounting Challenge held at Goodman & Company's Richmond, VA office.
Community News

Virginia CPAs recognized as "Super CPAs"

Thousands of extraordinary CPAs work in Virginia, but this year’s “Super CPA” contest in Virginia Business magazine identifies nearly 300 “best of the best.”

Accounting Library launches software selection Web site

Earlier this fall, Solutions announced the launch of The Accounting Library On-Line Edition, a Web-based program that helps end-users select accounting systems.
A&A

New hiring credit: Probable law or packed with pitfalls?

Next up on the Obama administration’s agenda could be an incentive to hire, with the goal of jobs creation.
Community News

Virginia CPA firm provides $50,000 to establish scholarship

The $50,000 named scholarship from Murray, Jonson, White & Associates will be established in conjunction with the firm's 50th anniversary in 2009.
AccountingWEB Life

Passing the CPA Exam: More than just a test

There is an implicit level of respect you receive in earning the CPA designation - not just from the public at large, but also from your fellow CPAs.

PwC survey describes current state of the commercial real estate market

Despite a still-struggling U.S. economy, most equity investors have remained on the sidelines waiting to capitalize on forced sales and more motivated selling.
Community News

Virginia CPA receives "CFO of the Year" award

The Virginia Society of Certified Public Accountants partnered with Virginia Business magazine for the fourth year of the "CFO of the Year" award program, which recognizes outstanding achievement in financial stewardship for Virginia-based public and private companies and nonprofits.
A&A

IFRS ripples throughout the profession

International Financial Reporting Standards (IFRS) have made great inroads over the past five to seven years. If an SEC-proposed change to allow IFRS for 10-K filing purposes becomes policy, the accounting lives of CPAs will certainly change, but many others will be affected too.
Education & Careers

Top business and accounting graduate schools ranked

For everything, there is a ranking. Accounting and business schools are no exception.
Education & Careers

AICPA announces 2008 Elijah Watt Sells awards

The American Institute of Certified Public Accountants has announced winners of the 2008 Elijah Watt Sells Awards.

Under new management: Freddie Mac and Fannie Mae

A lot of people saw it coming... and wondered why the powers that be at Freddie Mac and Fannie Mae didn't. Between the two finance companies, they hold or guarantee about 50 percent of mortgage debt in the United States, worth around $5 trillion. On Sunday, September 7th, the government seized control of both companies in an effort to stabilize them, and more importantly, to protect homeowners whose mortgages are owned by them.

Morningstar ranks the best and worst 529 plans this year

Morningstar, the global investment research firm has published its annual list of the best and worst 529 plans – when it comes to earning long-term returns for college savers – and the overall opinion smacks of optimism. Some of the worst plans from years past have folded up and gone away, while others continually strive to improve. Here are the criteria that separate the best plans from the worst: Flexibility. As Morningstar points out, no savings plan is one-size-fits-all.

Sales tax holidays: Love them or hate them?

More than a dozen states and the District of Columbia have sales tax holidays that last at least a couple of days each year, some last much longer. Usually the holiday coincides with back-to-school time to give parents a break on outfitting their kids with necessities. What consumers can buy during the sales tax holidays varies by state, but generally includes clothing, shoes, classroom supplies, and computers, often with a dollar limit. Another popular item that pops up in sales tax holidays is energy efficient appliances for the home.
AccountingWEB Life

Freshman Finance 101: Money management skills for college students

Don't wait until your college freshman heads off to school to teach them how to manage money. The Virginia Society of Certified Public Accountants (VSCPA) says that parents can prepare their children for the rigors of managing a college budget by discussing monetary issues openly and teaching them the basics of personal finance. Here are some guidelines to help you get started.

DC accounting firm closes office for community service day

SC&H Group, LLC - one of the fastest-growing accounting and consulting firms in the nation - will host their 2nd Annual Day of Service on Friday, June 27, 2008.The SC&H Group offices in Sparks, MD and McLean, VA will be closing on this day so that all firm employees can work on various community improvement projects throughout the Baltimore and Washington, DC areas.

Debit cards are new option for Social Security recipients

People who receive Social Security can now get their monthly payments on a prepaid debit card, a new alternative to checks or direct deposit. The U.S. Treasury is offering the Direct Express Debit MasterCard card as a safe, convenient way to receive money, according to wickedlocal.com.

Glitches delay payments from IRS

Hundreds of thousands of taxpayers have been waiting longer than expected for their payments from the IRS.Delays affected those who had fees for e-filing or tax preparation deducted from their refund or who obtained a refund anticipation loan. Those taxpayers will be mailed a paper check, even if they opted for direct deposit, the News-Leader of Springfield, MO reported. Teresa and Steve Smith of Northville, IL, for example, expected a $2,100 stimulus payment to be directly deposited into their bank account by May 9.

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