Small Business | AccountingWEB

Small Business

Practice

'Cash Mob' Sensation Reviving Local Businesses

In a retail market dominated by generic superstores, pop-up corner pharmacies, and faceless online shopping, it has become increasingly difficult for "main street" businesses - the very businesses that provide the individual stamp and distinctive character of their communities - to survive.
Practice

Five Money Management Rules for Young Small Businesses

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.
Tax

New Xero Survey Reveals Most Common Small Business Financial Mistakes

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.
A&A

Accounting Jobs Are Safe in Current Economy

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.
Practice Management

Making Taxes Less Taxing

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.
A&A

IRS Ends Tax Rule Unpopular with Small Businesses

The IRS has eliminated an unpopular rule relating to how credit card and debit card payments are accounted for on tax returns, prompting relief from small business owners.
Practice

CPAs Give Business Advice to Veterans through Partnership with SCORE

CPAs now have an opportunity to volunteer and provide up to five hours of free financial advice to veterans about how to start or grow their business. The program was launched through the AICPA's participation the Veteran Fast Launch Initiative sponsored by the Service Corps of Retired Executives (SCORE).
Practice Development

Paychex Introduces Website to Spur Small Business Development

In the more than forty years Rochester, New York–based Paychex, Inc. has been in business, its mission has been to provide excellent payroll, human resources, and benefits outsourcing solutions to the backbone of the American economy – small and medium-sized businesses.
Tax

IRS issues final rules relating to election to deduct business startup expenses

The IRS has issued final regulations relating to elections to deduct start-up expenditures, organizational expenditures of corporations, and organizational expenses of partnerships.
Tax

Tax Strategy: Set up a CRUT for a business sale

If a client is planning to sell a business, the sale could result in a huge capital gain. But there’s a way to reduce the tax bill, provide for a comfortable retirement and help out a favorite charity – all in one shot.
AccountingWEB Life

Lots of free goodies available during National Small Business Week

To help acknowledge National Small Busines Week, several companies and federal agencies have produce booklets, materials, and other tools that are helpful to small businesses.
Tax

AICPA wants IRS to allow e-file for S corporation election

The AICPA has recommended that the IRS allow electronic filing of the form electing S corporation status so that taxpayers will have immediate and verifiable conformation of the status.
Technology

Intuit offers $10,000 to innovative entrepreneurs

Do you have Intuit’s next great idea? If so, the company wants to hear from you. Intuit Inc., which created Quicken and QuickBooks, is unveiling a website where innovators can collaborate to solve some of the company’s biggest product challenges. And in the process, someone’s bright idea may be worth up to $10,000.
Technology

New QuickBooks certification will validate small business accounting skills

Certiport, a provider of performance-based certification exams and practice test solutions, has announced the availability of a new Intuit QuickBooks Certified User (QBCU) certification program, designed by Real World Training, which is endorsed by Intuit.
Tax

Democrats try to take the lead for repealing onerous 1099 rule

Rep. Nydia M. Velazquez (D-NY), the ranking member of the House Committee on Small Business, has called for repeal of the onerous new tax reporting rule, which was enacted last year as part of health care reform.
Tax

Here a loophole, there a loophole

Most of the richest Americans that populate the annual Forbes 400 list gained their wealth by owning founders' stock. Allowing favorable tax treatment on this stock might be costing taxpayers by $100 billion a year, or $1 trillion over ten years.
A&A

Employment, pay improves for small businesses in October

Small business employment growth and compensation picked up in October with a strong uptick in hours worked.
A&A

AICPA supports separate standards board for private companies

In a statement issued in advance of a meeting of the Blue Ribbon Panel on private company standards setting, panel member Barry Melancon said he expected the panel to recommend a new model of financial reporting that will generate different standards for private companies.
Tax

Small accounting firms could see large benefits from new tax legislation

A small-business jobs bill awaiting approval from President Obama that aims to boost billions of dollars of lending and investment to entrepreneurs and provides $12 billion in tax cuts to small businesses is getting mostly positive reviews from two small accounting firms.
A&A

Blue Ribbon Panel leans toward separate GAAP for private companies

At its most recent meeting the Financial Accounting Foundation's (FAF) Blue Ribbon Panel chairman asked the panel to define the problem that private companies faced with U.S. GAAP and to narrow the field for proposed alternative models.

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