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Accounting and Tax Guide

Four skills you need to succeed in a career at sea

Choosing a career at sea is not something that you should dive into without doing your research first. It is a different way of life and therefore different skills are needed. You may have studied hard at school or university; alternatively you may have a very impressive CV. These things will all stand you in good stead; however, a career at sea is not your run-of-the-mill job and there are certain niche skills that you will need. Problem solving ... [Continue Reading]

How To Get An Awesome Job In Engineering

Credit Do you feel your current employment solution keeps bringing you down? Are you spending more than seven hours each day out of the house for little more than the minimum wage? Then retraining to become an engineer could be exactly what you’ve been looking for. There are plenty of well-paid jobs available in this industry, and most of them are easy to come by if you have the right qualifications, and you show willing. With that in mind,... [Continue Reading]

How Entrepreneurs Could Impress on Dragon's Den

If you’ve ever watched Dragon’s Den, starring the likes of Kelly Hoppen, Deborah Meaden, and other smart multimillionaires; you’ll know that it’s an extremely nerve wracking experience...definitely not for the faint hearted. However, if you’ve got a product that you believe in, it could be worth getting yourself on screen for a chance of investment and the best marketing help out there. Here’s how entrepreneurs could... [Continue Reading]

Common Tax Issues That Small Business Owners Face

Around tax time, Uncle Sam often hits small businesses the hardest. One of the biggest reasons why small businesses are hit so hard is because many of the tax laws and structures are difficult to navigate, which leaves bootstrap companies in the lurch. When it comes to small business accounting, it is important to not only know how to navigate the waters of tax law – you also want to be aware of some of the common problems that small businesses... [Continue Reading]

Finding the Best Car Insurance Deal for a Student

The past few years has not been very fair on students and their families. Student maintenance loans have been decreased while student fees have increased. The cost of living has risen across the board and jobs are scarce. Not only that, but EU legislation has seen to it that the cost of car insurance has risen for women in particular and for young people in general. It seems as though it’s never been more financially difficult to be a student. ... [Continue Reading]

5 Helpful Accounting Tips for Startups

When you have a start-up business, you want to make sure that you do all that you can in order to make sure that your company offers a great product, provides impeccable customer service and perhaps, most importantly, earns a profit. Especially since according to many reports, nearly half of all new businesses close their doors within the first five years of opening them. Well, when it comes to keeping your finances in order, one of the main things... [Continue Reading]

5 Helpful Accounting Tips for Startups

When you have a start-up business, you want to make sure that you do all that you can in order to make sure that your company offers a great product, provides impeccable customer service and perhaps, most importantly, earns a profit. Especially since according to many reports, nearly half of all new businesses close their doors within the first five years of opening them. Well, when it comes to keeping your finances in order, one of the main things... [Continue Reading]

Is Debt Settlement a Viable Debt Relief Strategy?

Many Americans are struggling with large amounts of credit card debt. According to NerdWallet the average American household has over $7,000 outstanding on their cards and that amount increases to over $15,000 if you only look at indebted households. Not being able to pay your bills for one month can send you into a bad downward debt spiral that may seem impossible to escape. If you have more debt than you can pay back, debt settlement may be an option... [Continue Reading]

Important Tax Tips

Tax time can be a stressful experience for anyone. A careful attention to detail as well as proper planning helps relieve some of hassle that accompanies this thorny issue. Following the right steps ensures fewer potential difficulties throughout the entire process.  Arrange All Necessary Materials Before Preparation Arrange everything needed to correctly prepare taxes beforehand. Common forms include W2s and the 1099 form. Other additional... [Continue Reading]

5 Ways to Streamline Payroll Management for Your Business

If you’re someone who happens to run your own business, then you already know that it comes with a lot of demands. You have to make sure that you provide great products and/or services. You have to keep your website and social media accounts updated. You have to do all that you can to keep your customers satisfied. If you have a staff, you have to provide them with what they need in order to be productive. And, you also have to make sure that... [Continue Reading]

5 Small Business Accounting Tips to Prepare for a Financial Audit

You don’t need to have your masters in accounting to know when your small business is about to be hit with an audit. When it comes down to it, the IRS will surely let you know when they are about to storm your offices and invade your books. It can be an invasive experience, but it can really help if you are prepared. Preparing for a financial audit is a little bit like preparing your business for a potential financial tsunami. If you don’t... [Continue Reading]

Accounting & Tax News

FASB Accounting Simplification Projects See Early Support
The board received 17 supporting comment letters for simplifying inventory measurements, and another 26 supported the board's effort to remove extraordinary items from the Generally Accepted Accounting Principles. There were two opposing comment ...

Audit: Knox school PPU fund needs better accounting
Instead, auditors were tasked to conduct a "performance audit," something that looks at how the accounting process works and whether officials followed the rules. Addis said "there's areas to improve," but noted: "There's nothing that jumps out that ...

Bramwell's Lunch Beat: BofA Smacked with $7.65M SEC Fine Over Accounting ...
Bramwell's Lunch Beat: BofA Smacked with $7.65M SEC Fine Over Accounting ...

Accounting firm BKD to expand to Chicago through merger
Accounting and consulting firm BKD said Tuesday that Chicago-based Wolf & Co. will merge with BKD. Springfield, Mo.-based BKD, which operates a large office in Wichita, said the merger will be effective Nov. 1. Wolf & Co. has about 140 staff, including ...

Super-Regional Accounting Firm Carr, Riggs & Ingram (CRI) Acquires Wealth ...
Super-Regional Accounting Firm Carr, Riggs & Ingram (CRI) Acquires Wealth ...

Two Accounting Firms Win Awards for Happy Employees
But that's not what the "When Work Works" award is all about, nor is it the philosophy of the two accounting and professional services firms that won this year. Chicago-based BDO USA and New York-based CohnReznick were honored by the Families and ...

Awkward questions for Tesco should be answered by its accountants too
Just as a meat patty is manufactured, so too are a set of accounts. Neither falls from the sky, or gets slung together by a solitary bloke at twilight. They are instead a huge co-production of staff, auxiliaries and quality controllers, and they ...

The Future of the Accounting Firm: No Billable Hours
The accounting firm of the future looks something like this: no dress code, no walls over four feet high throughout the office with the exception of a few conference rooms, and no billable hours. Let me say that again: no billable hours! Relax, unwind ...

New University of Toledo accounting lab dedicated to '66 grad
The University of Toledo College of Business and Innovation revealed the Alan Barry Accounting Lab last week, in recognition of generous donations made by Class of '66 graduate Alan H. Barry to his alma mater. “The University of Toledo is so fortunate ...

Chicago-area accounting firm to be acquired
Wolf & Co. LLP, the Chicago area's 15th largest accounting firm by local office size, will merge on Nov. 1 with Springfield, Missouri-based BKD LLP, the nation's 12th largest accounting firm by revenue. Oakbrook Terrace-based Wolf will become BKD's ...

This is the hottest job sector in Chicago
The moment DePaul University accounting majors strode across a stage on Father's Day to get their diplomas, 88 percent either had landed jobs (averaging $55,000 a year) or made plans for further study. At the University of Illinois at Urbana-Champaign, ...

Fair urged to modify accounting practices
Auditors say the State Fair of Louisiana could take several steps to improve its accounting practices. The Times reports (http://bit.ly/Uh9x5J ) accountant James McClelland recommended the minor changes in a letter accompanying 2012 and 2013 audits for ...

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