Can you rely on your audit tool?
by Cathy Rowe on September 16, 2019 at 1:00 pm
Is your software & content reliable? Quality is foundational in everything we need to do as a CPA to be the trusted advisor for clients. That really begs the question, can you really rely on the tools that you use for your audits? This is an important question to ask. If fact, there are two […] The post Can you rely on your audit tool? appeared first on Tax & Accounting Blog.
FASB Proposes Debt Guidance
by CCH ARM Editorial on September 12, 2019 at 4:20 pm
The FASB proposes debt guidance for public comment. This proposal is intended to improve guidance used to determine whether debt should be classified as a current or noncurrent liability in a classified balance sheet. Stakeholders are encouraged to review and comment on the proposed ASU by October 28, 2019. In January 2017, the FASB proposed debt guidance, which contained […] The post FASB Proposes Debt Guidance appeared first on Tax & Accounting Blog.
Filing Taxes By Extended Deadline-What Have We Learned Since April 15?
by Wolters Kluwer Tax and Accounting on September 12, 2019 at 3:05 pm
More taxpayers than ever are filing on October 15th The Internal Revenue Service (IRS) predicts that more taxpayers than ever before have chosen to wait to file their 2018 individual tax returns until the October 15, 2019 extended deadline. This is thought to be due to the many changes brought about by the Tax Cuts […] The post Filing Taxes By Extended Deadline-What Have We Learned Since April 15? appeared first on Tax & Accounting Blog.
The ‘no touch’ tax return
by Wendy Cable on September 9, 2019 at 1:00 pm
The idea of a ‘no touch’ tax return is here, and the reality of it is right around the corner. Furthermore, while you ponder that thought, there are ways to incorporate software in order to accomplish that ‘no touch’ tax return goal. ‘No touch’ tax return This blog is based on the session, Moving Closer […] The post The ‘no touch’ tax return appeared first on Tax & Accounting Blog.
Is Your Audit Practice Evolving or Regressing?
by LaTonya Marzo Paschal on September 2, 2019 at 1:00 pm
The practice of audit presses forward Auditing can be traced all the way back to ancient China, Greece and Egypt. But it wasn’t until the Industrial Revolution that the accounting profession took flight. In a time of such explosive business growth, business people realized that there needed to be a systematic way to detect fraud […] The post Is Your Audit Practice Evolving or Regressing? appeared first on Tax & Accounting Blog.
Accounting is the story of a business told in the language of numbers. Some people have a natural understanding of numbers, but it is not something that comes naturally to everyone. Thus, even if you have learned the basics and can prepare your own budgets or monthly...
Ever complain to a friend or family member about your debt and received advice that landed you in more debt? The one person who will not lie to you about your finances is your accountant. Each is obligated by law to act professionally, with integrity. Hiring an...
An accountant can help you save money. Look at it this way - your accountant probably knows more about you than even your mother at this point! He or she can help you devise strategies to hide money from yourself, such as automatic payroll deductions into a brokerage...
Changing jobs? Your accountant would advise you on assuring that your new employer is withholding the right amount from your paycheck. It is definitely worth keeping an eye on, to avoid back taxes in the future.
Living paycheck to paycheck? An accountant can analyze your financial situation and provide you with options on how to reduce your debt. Your accountant can also teach you methods to improve your credit score, which is invaluable if you are thinking of purchasing...