QuickBooks rolls out a software upgrade every year, and it is always exciting to see the new feet of advancements it brings along. QuickBooks is pushing its online version to the existing users for quite some time as it offers a safer storage option to the users for their company
Tax increment financing (TIF) is a seemingly simple economic development tool that has become anything but—and it’s somewhat controversial in its use to promote improvements in certain city areas. Proponents contend that TIF provides necessary funding for cities to redevelop blighted properties and infrastructure, which can increase property value and even increase
Financial and occupational fraud has become a serious problem in the United States, clarifying the need for enhanced fraud risk management. Donald R. Cressey’s Other People’s Money: A Study in the Social Psychology of Embezzlement set the foundation for studying fraud. From his research, the fraud triangle was born. Each
Get 30 hours of training on how to get your bookkeeping in order. Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! August 20, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful.
In our continuing effort to improve the AICPA Peer Review Program, we rarely take a step back to look at how far we have come and the positive impact the peer review process has on our profession, those it serves and its overall impact on audit quality. The AICPA, its
Just joining in? Go back to parts one and two, where I answered unusual questions submitted by Waldo Lydecker, a freelancer who said he’ll pocket a seven-figure advance noticeably north of one million dollars for his next book and who was adamant that he’s entitled to my advice on how
If President Joe Biden’s revenue proposals (the “green book”) for fiscal year 2022 are passed by Congress, fund managers could be facing increased tax liability. One section in the green book identifies carried interest (or profits interest) as a primary source of income to the investment industry. If passed, carried
FreshBooks is a cloud-based accounting software that has made accounting solutions for small businesses relatively simple. With all its features and functionality FreshBooks has become an essential for every business. One such feature that you’ll see in this blog today is the FreshBooks Time Tracking Feature. You’ll discover the benefits
If a small business is victimized from inside by embezzlement, the business can generally deduct a theft loss on its tax return for the year of the loss. Under Section165 (a) of the Tax Code, a business may deduct losses sustained during the tax year and not compensated by insurance
Limited liability companies, or LLCs, are a lot like colanders, those perforated bowls used in cooking to strain off liquids. LLCs are pass-through entities that allow profits to “flow through” to the owners. Let’s recap how this works as we address the best ways for LLCs to set aside cash