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 records, blockchain technology has the potential to disrupt less expected arenas like food supply chains.
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 who would only receive 16 cents on the dollar. Learn more about what bankruptcy means for Detroit.
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 return as well as tax preparers who will have a shorter window to work.
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 practices, which could cost investors.
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 of the year as part of President Obama’s sweeping healthcare changes. What does this mean for businesses and employees?
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 news for those receiving social security benefits. Before you jump for joy, learn why this 3.6 percent raise is not as great as it sounds.
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 Day for many—Tuesday, November 8, 2011. Who were behind these protests, what’s the message and did it work? Jean Scheid takes a look.
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 think maybe fingerprinting really isn’t all the necessary for CPA firms. Is this for real? You bet.
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 of year may never really be relieved, but if you can make it less stressful by jumping on the Cloud wagon—maybe.
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 in todays’ down economy but you must also account for those losses on the books.