2016 News Archive
 

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Articles

How to Evolve Your Accounting Firm In 2016

It’s the start of another year and resolutions abound. While laying off the cookies and hitting the gym top nearly everyone’s list, what about making a resolution to transform your firm’s identity by providing advisory and...

The Top 5 Accounting Mistakes by Small Business Owners

Small business owners face numerous everyday challenges, and they usually conquer them with their entrepreneurial strength. Unfortunately, keeping the books on their growing business is not a skill someone can simply persevere through and get it...

IRS Takes Months to Accommodate Disabled Employees

The Internal Revenue Service took an average of 70 days to accommodate requests by disabled employees for adaptive technology, according to a new report, even though it’s only supposed to take 15 days unless there are extenuating...

IASB issues leases standard; FASB to follow

The International Accounting Standards Board (IASB) issued a much-anticipated new accounting standard Tuesday that will require all leases to be reported on a company’s balance sheet as assets and liabilities. For the IASB, the issuance of...

State Taxes in 2016: It is All About the Base

For officials seeking reelection, changing the definition of nexus to include non-voting taxpayers is more palatable than raising existing taxes on voters. With the total debt of state governments in the United States debt projected to hit $1.17...

FASB Scraps Controversial Bank Debt Rule

Critics said the rule added confusion to banks' earnings statements and distorted their financial performance. The Financial Accounting Standards Board has scrapped a rule on the valuation of bank debt that critics said distorted the financial...

10 Habits That Threaten Business Data Security

They’re just old habits. You likely do them without even thinking. But these 10 habits could be making your company vulnerable to hacks and other cyberattacks. Check out the slides below to learn more about these 10 risky behaviors. 1....

The Research Tax Credit Is Back And Better Than Ever

The new “extenders law” enacted late in 2015 retains several key tax provisions and makes them permanent with certain modifications. This is the second part of a series of articles on these tax breaks. It’s become a ritual...

FASB Issues New Guidance on the Recognition and Measurement of Financial Instrument

FASB Issues New Guidance on the Recognition and Measurement of Financial Instrument Norwalk, CT, January 5, 2016 —The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update ( ASU ) intended to improve the...

Art of Accounting: Staying in Control

A new year has just begun. Start it by getting and staying in control. Here are some ways to do this. 10 Ways to Stay in Control Keep desk clean. Open postal mail and take care of, assign, file or toss it. Neat piles become tomorrow’s mess....