tax software developer vertex reports that 554 u.s. cities changed their sales tax rates in 2008. of those, 200 were newly imposed city tax rates and 307 were straight increases to existing city tax rates. other changes in sales, transit … continued
what cpas can expect in workouts and lending today?
if ever an economic period was destined for america’s history books, it’s this one, according to jerry mozian, a turnaround specialist.
“after a long run of living above our means, the concept of credit is being fundamentally revisited,” he says.
“when the dust settles, our nation will emerge a more value-oriented society – one that better understands leverage and restraint,” mozian says. “future generations can avoid the mistakes we’ve made by learning how we overcame them.”
for cpas, that means understanding a little bit more about liquidity, insolvency, bankruptcy and workouts.
according to mozian, before filing bankruptcy, cpas should: read more →
as we go into the final stretch, most tax professionals are reporting that this busy season has been as good as or better than last year’s. by rick telberg but any achievement is tempered by the continuing concerns of white-knuckled … continued
as many busy season clients – individual and corporate alike – get hammered by a crashing economy and uncertain business conditions, cpas are doing their best to help. by rick telberg “clients are overwhelmed by the current state of the … continued
bunting tackles the hottest topics in talk to students. how would you grade him? in a speech last week at loyola marymount university, bunting, new head of the international federation of accountants (ifac, in french), told accounting and auditing students … continued
8 powerful financial measures that are not in your p&l reports.
too many organizations are obsessed with their profit and loss reports. it hasn’t occurred to them that they might be looking at the wrong numbers. let’s look at some numbers that just might have a bigger impact on the profit and loss, then some of the numbers that are on the reports. read more →
practical steps to move you beyond the crisis. practice consultant tracy crevar warren says in the latest cpa insider the key components for your firm’s stimulus plan should include: strengthened client service more contact do a better job of being … continued
accounting and bookkeeping services down about 2.6%, month-to-month, seasonally adjusted. according to this morning’s report from the bureau of labor statistics, there were 920,800 people employed in the industry in february, down 2,400 jobs from 923,200 in january. without seasonal … continued
from mrs. cpa: a few weeks ago at work, we discovered that a schedule prepared during our year end close had an error in it. i was the manager who reviewed that schedule first. my boss reviewed it and it … continued
the recession may be the single biggest factor affecting tax professionals in this year’s busy season. but, in the end, it’s all about clients. ask a cpa, “what the biggest difference about your tax season this year?” and, collectively, they’ll … continued
here’s what sunk your 401(k).
the deepening recession is the biggest problem for cpas this year. by far, most practitioners say the “general economic situation” is their biggest challenge this year, followed distantly by getting up to date with tax code changes and late and … continued
how many firms could do it today? mcgladrey traces its root back to 1926 when ira mcgladrey established i.b. mcgladrey & co, in cedar rapids, iowa. three years later the country plunged into the great depression, but ira mcgladrey remained … continued