Most businesses these days are looking to cut spending. Accounting firms are in a unique position to not only help their small business clients trim the fat and manage their money, but to do the same for themselves.
On March 30, the US Supreme Court held closed-door deliberations on President Obama's health care overhaul law. It is likely they cast their preliminary votes on how they will eventually rule. As the Supreme Court is known for keeping its secrets, no leaks are expected before formal opinions are written and announced from the bench. This is not expected until late June.
On March 21 and 22, 2012, the PCAOB hosted a public meeting to obtain further input on ways to enhance auditor independence, objectivity, and professional skepticism, including through mandatory rotation, or term limits, for audit firms.
There are many things to consider when starting a new business, and money management probably tops the list. Get started on the right foot with these five money management tips provided by guest writer Bert Doerhoff.
Blame it on a tough economy. Your clients aren't making money, so they aren't paying you. Yet, you're still cranking out their tax returns and other work for them hoping things will improve and that you'll eventually collect the hard-earned money you deserve. This may seem like tough love, but your firm isn't a charity.
Xero, the producer of Xero online accounting software for small businesses, has revealed the results of a survey of 500 US accountants and compiled tips to help small business owners take control of their finances during tax season and beyond.
Regulatory downgrading of the role of credit raters is misguided. Development of ethical and professional standards would make information needed by investors more useful and reliable. The culpability of credit rating agencies in contributing to the financial crisis has been debated, but without conclusive agreement.
More than 90 percent of CFOs say they expect to maintain current levels of staff accounting positions for the second quarter of 2012. Here are the questions controllers should be asking themselves to make sure their staffing decisions are correct.
Gina Noy offers her clients stress-free tax preparation. It's not often you find "stress-free" and "tax" in the same sentence, especially during busy season, but for Noy, it's a philosophy that carries through her Manhattan-based CPA firm.
In a unanimous decision, the New Jersey Supreme Court on February 16 reversed an Appellate Court decision in a case brought by a third party that found KPMG LLP guilty of negligence for failing to uncover accounting fraud by a former client, Papel Entities.
Calcbench, an open source application that consumes corporate XBRL data and performs comparative analytics, was named the winner of the XBRL Challenge at the XBRL and Financial Analysis Technology Conference on February 29. The contest is for developers of applications that leverage XBRL-formatted data in the SEC EDGAR database.
Voice of the Editor
Hi. I’m Caleb and I’m new around here.
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.