Accounting Helper Blog

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (7/26/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Auditors under attack as the recession exposes failings
The number of accountants and actuaries under investigation has doubled in the last year, it emerged yesterday as PricewaterhouseCoopers became the second “big four” company to be targeted. (More)

Recession Forces State CPA Societies to Scramble for New Strategies
Looking for Career Help? Start Local by Rick Telberg As if Matt Yuskewich wasn’t already busy enough running his own nine-person accounting firm, now he’s stepping up to become chairman of his state CPA society at a time when state associations across the country are scrambling to deal with the global financial crisis. Yuskewish’s first days on the [...] (More)

Now it’s getting ugly: H&R Block talks tough with McGladrey
How independent are McGladrey & Pullen auditors, really? Can HRB threaten to “transition” the attest work? HRB warns”M&P’s leaders” their move to break away after 10 years “is fraught with significant business and financial risk and is not in the best interest of M&P partners, employees or clients.” And who, exactly, would HRB replace McGladrey with? Here’s [...] (More)

Study Shows CPA Firms Have Yet to Leverage, Book Benefits of CRM
Unlike other professional services firms, more than 86 percent of CPA firms have yet to integrate a Customer Relationship Management (CRM) program into their organization. Moreover, less than 3 percent were using CRM solutions that were recently categorized as leaders in the CRM market by Gartner in April 2009. In fact, the third most popular [...] (More)

Accounting Videos

Accounting Lecture 1 - Basic Concepts

Introductory Accounting Lecture. First in a series.

Accounting Articles

Importance of Bookkeeping and Accounting
Though it has been said many times that it is very important to keep a complete set of books for a business either for business tax reporting or business management purposes, many businessmen and businesswomen have deliberately ignored it until they are forced to do so. Why is it so important to maintain complete books for our businesses? The following are some of the benefits and reasons. (More)

Real Estate Accounting - The Effective Way to Escape the Recession
Real estate accounting is a great help in recession. It helps in saving costs so that the company won’t feel a pinch and it also helps in maintaining good accounting standards. (More)

Learn Accounting Quickly - Debits and Credits
Learning accounting is easier then you might think. It can be done quickly and easily…Alright,” Said Steve’s new friend. “Let’s answer ‘what are debits and credits’ question.” Debit comes from a Latin word which means “that which is owing”. Credit also comes from Latin meaning “to trust or believe”. In the past, around the 15th century or so, you would keep a record showing who you owed money to and who owed you money. (More)

How is accounting used in business?
It might seem obvious, but in managing a business, it’s important to understand how the business makes a profit. A company needs a good business model and a good profit model. A business sells produc… (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (7/19/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

The basic tax advice 97% of accountants fail to give
97% of accountants are failing to give even the most basic of tax planning advice to their unincorporated clients â?? and as a result are letting their clients down and missing out on the opportunity… (More)

If new tax law comes, I won’t give money, Swraj Paul tells Labour
Indian-born steel tycoon Lord Swraj Paul, a high-profile supporter of Labour, says he will stop bankrolling Britain’s ruling party if he is forced to give up his non-domicile tax status under a proposed legislation. He is supported by other high-profile Indian-origin businessmen like Sir Ghulam Noon. (More)

Major blow to Labour as key NRI donors revolt over tax proposal
Indian-born steel tycoon Lord Swraj Paul, a high-profile supporter of Labour, says he will stop bankrolling Britain’s ruling party if he is forced to give up his non-domicile tax status under a proposed legislation. (More)

Is Your Company Headed for a Flameout?
The five steps to failure and three warning signs CPAs cannot ignore. How are CPAs handling the new economic realities? Join the survey; get the answers. by Rick Telberg At Large If there were only three financial metrics you needed to look at, what would they be? Revenues? Profits? Growth? Market share? ROI? Maybe, but none are as predictive [...] (More)

Accounting Articles

Business Credit Techniques - Record Keeping
Business records are key to gaining business credit. Your business records demonstrate what substantiates your business’s achiever. Accurate record keeping will assist you in constructing plans and implementing techniques for market placement. Organized records help you to react to your daily business challenges and chances. (More)

Easy Steps You Can Take Before Changing Your Accounting System
Knowing that your current accounting software system is the first step in finding an appropriate solution. This can often be the hardest step, as change in any industry is often met with resistance by all those involved and associated with you. There is an easy approach you can take to evaluate your business and embark on the change process. You can prepare yourself quickly and easily by completing a few steps before contacting vendors. (More)

Guidelines on How to Start a Bookkeeping Business
I’m sure you’ve heard about bookkeeping businesses and may be curious on how to start one. It can be challenging to get started, but if you’re determined to do it, it’s not a difficult process. Here are a few guidelines to get you started. (More)

Accounting Outsourcing - Takes Your Friendship to a New Superlative
To garner gain is the expression of any acting. Before turn any new enterprise, all big and littlest administration plans active their various departments. In any playacting orderliness, we deed branc… (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (7/13/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Tax Notes Announces Tax Accounting Developments New Column to Track Procedural,
FALLS CHURCH, VA Repeal of the last-in, first-out method of accounting is the piata of revenue raisers, holding out the prospect of billions in increased revenues. Curiously, there is a fleeting, fish… (More)

Help Wanted: AICPA seeks to hire “social media specialist”
Getting serious about new community-building strategies. The AICPA is looking for a social media specialist, according to a new job listing on CareerBuilder. Based on the ad, you can expect the AICPA to be building it’s social media presence geometrically from here.  See what an degree in English is good for? More details, here. Social Media Specialist Please [...] (More)

Guilty plea in tax scheme
A Deerfield man who was a tax partner at Chicago-based accounting firm BDO Seidman pleaded guilty Thursday to criminal charges in connection with tax shelters that generated billions of dollars in phony tax losses. (More)

Accounting Articles

In This Economy… Getting Your Taxes Right Is Even More Important
Let’s face it… Getting your taxes right was always important. No matter if you are single, married, have children, don’t have children, work for a large company or are self employed, getting your ta… (More)

Accounting Outsourcing - Takes Your Friendship to a New Superlative
This area is the mettle and psyche of any methodicalness. The line involves lots of longanimity and substance. Accounting is a immense chore and involves numerous things similar maintaining part sheets, making realize and expiration statements. It also includes things equal maintaining writing sheets, safekeeping a pass of the record books, having a thoroughgoing hitch on the cant leveling statements and galore more things. (More)

Finding the Best Bookkeeping Services
Most companies fail due to the fact that they do a poor job with keeping their financial records. When you think about it, this really makes a lot of sense. It is very important to know exactly where your business is financially, and failing to do so could be the downfall of any company. (More)

Conquering the Current Account
Current accounts are one of those things that get used in day-to-day life without even thinking about it. Money is drawn from cash machines, debit cards are used to pay for goods and direct debit… (More)

This newsletter is provided by AccountingHelper.org.

Dear AccountingHelper.org Readers,

Welcome to the Accounting Newsletter (7/6/2009). In this edition we have included news, articles and videos. You can find more resources on our website: AccountingHelper.org.

Accounting News

Accounting firms retrench as skittish clients cut back
Accounting firms are feeling the pain as their clients look to trim costs during the recession. The profession had been growing during much of the past decade, as new regulatory mandates created more… (More)

Accounting and Bookkeeping Loses 5,700 Jobs in June
June employment sinks to seasonally-adjusted 929,800, down from 935,500 in May. In a month when the overall U.S. unemployment rate rose to 9.5%, little changed from May’s 9.4% jobless rate, the number of Americans employed in accounting and bookkeeping services declined slightly, down 5,700 jobs from May to a seasonally-adjusted 929,800 in June. That’s actually up 500 [...] (More)

Recession hits revenues at small firms hardest
But bigger firms more likely to cut staffing. New data from the PCPS CPA Firm Top Issues survey shows firms generally faring well through the recession. About 10% to 25% of firms, depending on size, report “no impact” from the recession. QUESTION: What has been the greatest impact your firm has encountered during this economic crisis? Still, [...] (More)

Accounting Firm M&A Deals Surge in New York Metro Area
Through the first six months of the year, RF Resources has tracked 21 merger or acquisition deals in the New York metro area, compared with 26 in all of last year. “We expect that the number of deals in 2009 will exceed 2008,” CEO Robert Fligel reports in his exclusive and authoritative “deal sheet” bulletin to [...] (More)

Accounting Articles

Bookkeeping Courses Reviewed
There are three type of online bookkeeping courses available. Those prepared and presented by institutions, those done by software companies, and those done by websites specific to bookkeeping. This article takes a look at 5 specific choices. This not an article about bookkeeping software, this is not an article about using that software. This is an article about YOU taking an introductory course on HOW BOOKKEEPING WORKS. This way, no matter if you do the books yourself, hire an employee or hire an outside service, you will will know what they are talking about. Very important in running a business. (More)

Freelance Bookkeeper - Is He Worth the Cost?
Businesses who employ freelance bookkeepers think that they are saving from staff or employee costs. At least with a freelance bookkeeper, they are not obliged to provide employee benefits. The freelance bookkeeper will not also be entitled to any incentive or yearly employee program. (More)

A Good Accountant is a Great Asset
Working in the present economic environment is very difficult for most companies which is why a good accountant is always a very valuable asset to have and in the present economic climate it is even m… (More)

This newsletter is provided by AccountingHelper.org.