Can Blockchain Transform the Food Industry?
Blockchain is taking the world by storm, though the talk mostly focuses on a small subsection of its use cases. More than bitcoin and healthcare …
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IRS to Delay the Start of Tax Season for Up to Two Weeks: What Affects Will This Have on the Economy?
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 …
Continue ReadingWhat Bankruptcy Means for Residents of Detroit
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 …
Continue ReadingPotential 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 …
Continue ReadingWhat 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 …
Continue ReadingWhat’s Going on With COLA Raises in 2012, Social Security Tax Wage Levels and Accounting Lobbyists in Washington?
There are set rules on when to increase COLA and based on the Consumer Price Index latest review (2008 to 2011), the 2012 COLA raise should mean good …
Continue ReadingDump Your Bank and Bank Transfer Day: Should Business Owners Consider Joining These Protests?
Recent days have brought two protests on why you should change your bank. The first was on Saturday, November 5, and the second one came on Election …
Continue ReadingHow Stringent Should the IRS Be With CPA Firms and Their Staff?
It appears some CPAs in high-up positions think the testing and registration fees are too expensive for some tax professionals, especially those small …
Continue ReadingShould You Rely on Cloud Computing for Your Accounting Needs?
As the year draws to an end, most business owners are already thinking about profits, losses and above all—tax returns. The anxiousness of this time …
Continue ReadingThinking of Selling Receivables at a Loss? Why You Need to Rethink This Idea
If you’re scrambling to pay your vendors or meet payroll expenses, is it a good idea to sell your receivables at a loss? This is becoming more popular …
Continue ReadingDoes Your Accounting Software Do Its Job or Is It More Like the U.S. Government Give-Away Software?
Most business owners just can’t make it these days without great accounting software right? Whether it’s Quickbooks, Quicken or some other accounting …
Continue ReadingGreenspan Says Print More Money: The Fed and Our Fiat System
Former Fed chairman Alan Greenspan’s recent statement that we can simply print more money can be interpreted in two ways. Is he bonkers, or he …
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