Money Management

A&A

IRS explains 2011 changes to flexible spending arrangements

The Internal Revenue Service has issued guidance reflecting statutory changes regarding the use of certain tax-favored arrangements, such as flexible spending arrangements (FSAs), to pay for over-the-counter medicines and drugs.
AccountingWEB Life

Democrats seek to legislate retirement savings

In an effort to increase the number of Americans who are saving for retirement – roughly 50 percent of employees have no retirement savings at all – the Automatic IRA Act of 2010 has been introduced in both houses of Congress.
AccountingWEB Life

Short sales, foreclosures, and other potentially taxable events

As our nation awaits this economic crisis to end, if you are a tax professional, arm yourself with knowledge to assist homeowners who find themselves in a stressful situation.
Practice

Train clients to slash red tape, raise revenue, cut costs

Your clients look to you for expertise. With the economy sluggish right now, this might be an opportune time to offer training that could help them improve their financial outlook and prepare them for upcoming duties and requirements.
Practice Development

Even small businesses can benefit from marketing systems

Small companies that implement marketing systems to identify their best prospects can dramatically increase revenue and reduce the time and cost of their sales cycles. Best prospects are those companies that need what you are selling the most, are ready to buy immediately, and will pay top dollar.
AccountingWEB Life

QuickBooks Tip: Use credit memos, bill credits – not discounts

Customer Discounts (applied on the Receive Payments window) and Vendor Discounts (applied on the Pay Bills window) are effective and efficient ways to discount what your customers owe you and what you owe to your vendors.
A&A

Start-up Company Aims to Simplify Small Business Cash Flow Management

Two graduates from University of California-Berkley have launched what they hope will become Mint.com for small businesses.
AccountingWEB Life

Launch a solo 401(k) for small-business clients

Many small-business clients run their operation as a one-person show. Once the business has turned the corner, the owner can focus on setting aside more funds for retirement. And the more he or she can save each year, the merrier the client will be.
Practice Development

The Virtual CFO: Using payments/banking technology to increase value

Business owners need more help than ever to manage cash flow and budget expenses – and 68 percent say they are looking to their accounting and financial partners to provide this help, according to a SunTrust survey.
AccountingWEB Life

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.
AccountingWEB Life

Accelerating cash flow during a credit crunch

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.
AccountingWEB Life

Credit card rules change: Do you still know what's in your wallet?

A new set of provisions kicked in under the 2009 Credit Card Accountability, Responsibility, and Disclosure Act (CARD) on February 22. The rules are designed to give consumers a break.
A&A

The answer to your company’s recession is in a cubicle down the hall

We love our secrets: our secret sauce, secret societies, the secret of our success, trade secrets, and our secret weapons. Your greatest secret weapon is…your accounts receivable department.
Practice Development

7 Ways to keep marketing even when you're busy

Marketing when busy with client work is a challenge for both beginning and experienced professional service providers.
A&A

Liability insurance: Covering business interruptions when they happen

Disasters have plagued mankind for as long as we have records, and for just as long, smart people have sought ways to protect themselves against the liability of the unexpected.
AccountingWEB Life

Defined Benefit 401ks set to make their debut

Small business owners have plenty of options to choose from when it comes to a qualified retirement plan for the company.
AccountingWEB Life

New IRS Retirement Plan Navigator helps small businesses with retirement decisions

The IRS has created a new Web-based tool to help small business owners choose a pension plan that suits their needs
AccountingWEB Life

Social media strategies to build a QuickBooks practice

By Diana DiBello and Scott H. Cytron, ABCRemember the old story about getting that "first" job? The feedback went something like this: "Without experience, we can't hire you. However, you have no experience, so we can't hire you."
AccountingWEB Life

Web-based 401(k) management tools popular with small business employees

Offering employees in small businesses an opportunity to save for retirement in a company-sponsored plan is no longer enough, small business owners are discovering. Their employees want the same kind of access to information about their accounts and tools that can help them manage their accounts that employees in large companies have. Companies are finding that retirement plans that give employees the opportunity to play an active role in their savings and investments are attractive benefits to new hires, The Wall Street Journal reports.
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.

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