Detroit's Bankruptcy Trial
Bankruptcy would seem to solve many problems for Detroit, but it leaves many of its citizens in the lurch. Most hard hit would be retirees expecting to receive pensions from the city...IRS to Delay the 2014 Tax Filing Season
The IRS has announced that due to the government shutdown, the beginning of tax season will be delayed by as much as two weeks. This will affect both tax payers expecting an early tax...The 401k Retirement Savings Cap
The government has proposed a cap of 401k accounts of $3 million. They state that this tax money could help them better run their government programs and this is more than enough...Affordable Health Care & Section 179: Two Tax Credits Available to Small Businesses
Are you a small business owner or entrepreneur? Are you taking advantage of Section 179 deductions or plan to avail yourself of tax credits offered under the Affordable Health Care...Accounting Issues with the JOBS Act
The Jumpstart Our Businesses Act sounds great in theory. However, many accountants are concerned about the looser regulations in the bill. This may result in less scrutiny of financial...What Does the Affordable Care Act Mean for Employers?
The Obama Administration recently delayed the enforcement of the Patient Protection and Affordable Care Act until Jan 2015. Many employers are still struggling to understand the implications...What Will the 0.9% Addition Medicare Payroll Tax Mean for Businesses?
Beginning in January, employers are going to have to start taking out more in taxes from their employee's paychecks. The new Medicare payroll tax goes into effect at the beginning...Guide to Forecasting Your Business (and Personal!) Finances
Whether you're starting your own small business or if you're already managing a successful enterprise, there are ways to streamline your forecasting processes. At the end of...Should Your CPA or Tax Preparer Have to Follow IRS Rules and Regulations?
It appears some CPAs in high-up positions think the testing and registration fees are too expensive for some tax professionals, especially those small CPA firms. These higher-ups also...Importing Quicken to QuickBooks
Quicken is popular personal financial management software from Intuit; QuickBooks is a financial software solution from the same organization aimed at small businesses. As long...