As I continue to travel throughout the U.S. helping businesses better themselves, I notice there are three major aspects of business that are troubling to most.
1.Job Costing
2.Structure/Organization
3.Sales and Marketing
In these difficult times, we need to feel better about how our business operates day-to-day, where some of us are struggling to figure out a way [...]
The IRS recently issued final regulations that are significant for not-for-profit organizations with 403(b) retirement plans (also called “tax sheltered annuities”.)
Essentially, not-for-profits will have to comply with many of the same reporting and auditing requirements that apply to businesses that operate 401(k) plans.
Be prepared. The new regulations are generally effective for tax years beginning after [...]
To qualify for being able to file shortened accounts a small company should satisfy at least two of three conditions. The three exemption conditions prior to April 2008 were that annual turnover is less than 5.6 million pounds, balance sheet total is less than 2.8 million pounds and the average number of employees is less [...]
The following item was reported in a recent American Institute of Certified Public Accountants communication:
“The Exempt Organizations Division of the IRS had posted on the IRS web site a controversial document setting forth the Service’s view on what constitutes good governance practices for tax-exempt entities. Included in the document was the suggestion that audit [...]
When you own your own business it is important to enlist the help of an accountant in order to provide audit services. This is because it provides documentation that you are dealing with the financial aspect of your business in the correct way and can be used as evidence if any issues arise.
Some people [...]
This article examines the impact on taxpayers and appraisers as well as their advisors of the new Federal provisions of the Pension Protection Act. For appraisers performing valuations for federal tax purposes in accordance with the Pension Protection Act (PPA), signed into law in August 2006, stipulates new penalties and stiff sanctions if the [...]
This article examines the impact on taxpayers and appraisers as well as their advisors of the new Federal provisions of the Pension Protection Act. For appraisers performing valuations for federal tax purposes in accordance with the Pension Protection Act (PPA), signed into law in August 2006, stipulates new penalties and stiff sanctions if the [...]
This article examines the impact on taxpayers and appraisers as well as their advisors of the new Federal provisions of the Pension Protection Act. For appraisers performing valuations for federal tax purposes in accordance with the Pension Protection Act (PPA), signed into law in August 2006, stipulates new penalties and stiff sanctions if the [...]
Recently hailed as the number one career for the year 2007, Internal Auditors are very well sought after and compensated accordingly. Because of stricter laws and enforcements due to corporate accounting scandals, like that of Enron, companies are offering top dollar compensation to accounting and finance professionals to provide internal audits. As an [...]
