How to lose $7 billion in taxpayer money without really trying
How did the IRS manage to pay out $7 billion in improper child tax credits in the tax years, 2004-2007? That's the question that the Treasury Inspecto...
Intuit announces winners of $20,000 grants
One plans to bring new services to a low-income Hispanic community. Another wants to revitalize a small town devastated by a tornado. A third plans to...
Why Marketing 101 lessons still prevail: A case study
by Barbara Bix
With apologies to Robert Fulghum, author of the bestseller, Everything I Needed To Know I Learned In Kindergarten, a recent experience ...
FASB Codification will be provided to faculty and students for free
On July 1, 2009, the Financial Accounting Standards Board (FASB) is instituting a major change in the way accounting standards are organized. On that ...
SBA starts emergency loan program
Short-term relief is in sight for small businesses that are struggling to survive. Starting this week, the Small Business Administration (SBA) started...
Sustaining your business: What are you waiting for?
AccountingWEB interviewed Mike LeMaster of Revenue Advisors. Here are his thoughts on sustaining businesses in the current economic upheaval.
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Personal calls on your employer's cell phone? New tax rules may soon apply
Editor's Note: In the days since this article was written, the IRS has reversed its position on taxation of personal use of a business cell phone and ...
Corporate finance leaders predict economic recovery in two years
Two recent surveys of corporate finance leaders in Southern California revealed that while most businesses are reporting declining revenues and employ...
Program matches accounting students with small businesses
When Eduardo Chavez-Guerrero's wife's business started to take off, he decided to help her run CP Universal LLC, which provides decoration for special...
Cross-selling for small businesses
by Barbara Bix and Olga Taylor
Let us tell you a fable that we've heard in a number of group settings. It talks about heaven and hell. If the analogy ...
FASB Accounting Standards codification will launch July 1
The Financial Accounting Standards Board (FASB) has voted to approve the FASB Accounting Standards Codification as the single source of authoritative ...
Businesses have until August 17 to take advantage of certain tax credits
Businesses planning to claim the newly-expanded work opportunity tax credit (WOTC) for eligible unemployed veterans and unskilled younger workers hire...
IASB publishes draft guidance on fair value measurement
The International Accounting Standards Board (IASB) has published for public comment an exposure draft of draft guidance on fair value measurement.
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Small business tax deduction strategies: Maximize Section 179 write-offs
Even though most business property must be depreciated over a period of time, you can still speed up write-offs if you're armed with tax knowledge. Th...
FASB issues new lease accounting paper
By Shawn D. Halladay
The FASB has issued a Discussion Paper on lessee accounting for leases. As expected, the requirement to classify leases as capit...
Economy: SBA expands eligibility for small business loans
More small businesses will be eligible for U.S. Small Business Administration-backed loans, meaning greater access to much-needed capital in this toug...
The power of anecdote and agenda: Researching your prospects' buying patterns
by Barbara Bix and Melissa Josephson Edwards
As marketing directors, we want to invest money in marketing projects that demonstrate a return on inves...
FASB to issue new FIN 48 guidance
FASB will issue a proposed staff position for FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes, for pass-through and tax exempt ...
Small businesses say retirement plans are still excellent benefits
Amid the growing concerns about the current economy, small business owners continue to recognize having a solid retirement plan as an important issue ...
