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Accounting and Tax Guide

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]

5 Signs Your Business Needs a CPA

Unless you hold a degree in accounting, it is very unlikely that you have the same skillset and knowledge as a certified public accountant (CPA). And while you may be able to get by for a while running the finances and keeping the books for your small business, especially with practically foolproof modern tools like QuickBooks on your side, the truth is that you have other tasks to occupy your time when it comes to keeping your business afloat, and you... [Continue Reading]

Accounting & Tax News

IASB Gives Non-US Banks a Loan-Accounting Overhaul
European banks and other banks outside the U.S. will have to record losses on bad loans more quickly and set aside more reserves for loan losses under an overhaul of finance-accounting rules that global rule makers finalized Thursday. Under the new ...

Non-GAAP accounting -- avoid investing
David Trainer, president of New Constructs Inc. - a Nashville-based research firm - tells Chuck Jaffe that when companies use "non-GAAP accounting" - reporting "pro forma" numbers that don't comply with generally accepted accounting principles ...

Salient Federal Solutions VP Cindy Walker to Speak at Insurance Accounting ...
Salient Federal Solutions VP Cindy Walker to Speak at Insurance Accounting ...

Report: Finance and accounting employee confidence drops
Atlanta-based Randstad US said despite lower confidence levels among many of the index measurements, the finance and accounting sector remains one of the most promising and in-demand professions in the labor market. The Bureau of Labor Statistics ...

Beauregard 'Beau' Parent Jr., longtime Tulane accounting professor, dies at 73
Beauregard "Beau" Parent Jr., a member of Tulane University's accounting faculty for almost 40 years, died Sunday while on vacation in Albuquerque, N.M., of an aortic aneurysm. He was 73. Mr. Parent was a lifelong New Orleanian who joined Tulane's ...

Tax Accounting to Be Simplified for Money-Market Funds
However, the SEC said it has worked with other government agencies to reduce the accounting impact. The change is “now possible because of key tax guidance that the Department of Treasury and the Internal Revenue Service have advised us they will ...

Confidence Among Finance and Accounting Workers Declines in Second ...
Confidence Among Finance and Accounting Workers Declines in Second ...

Accounting Today, Accountingfly Announce Online Career Event
Accounting Today and accounting recruitment and job site Accountingfly have announced Advance 2014: The Accounting Career Summit, a week-long event featuring a series of high-profile webinars on recruitment, retention and the accounting job market, ...

Freshbooks gets $30M for its cloud accounting services
Cloud accounting is a vibrant field with lots of competitors, the most notable of which is the well funded Xero, which at last check had $150 million in funding and was aiming to rival Intuit's Quickbooks. So Freshbooks has its work cut out for it ...

July Accounting and Auditing Highlights
In discussions FASB said that its revised project on insurance will not address reinsurance accounting as part of insurance contracts because practitioners expressed confidence in the application of current rules in today's legal, regulatory, and ...

why revisit your cost-accounting strategy
To account for costs across the continuum of care, hospitals and health systems should carefully review what tools they are using for cost accounting and how they are using them to ensure that complete information on costs is captured and can be shared ...

FreshBooks Raises $30-Million: Fuels Mission to Redefine Accounting for Small ...
FreshBooks Raises $30-Million: Fuels Mission to Redefine Accounting for Small ...

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