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Accounting

5 Reasons Why Your Start-Up Needs an Accountant

Deborah Sweeney | Posted 04.10.2014 | Business
Deborah Sweeney

A lot of the newer entrepreneurs I help out often see accountants as superfluous. They'll say that maybe when their company grows and proves successful they'll contract a firm, but when they are first starting out they feel too small to make it worth paying an accountant.

What I've Learned From My 90-Year-Old Accountant

Mallory McDuff, Ph.D. | Posted 04.07.2014 | Religion
Mallory McDuff, Ph.D.

In this tax season marked by anxiety, my encounter with him forces me to pause. When I close that sliding glass door, I stop in wonder at his self-sufficiency and gratitude for the pieces of his life that remain intact.

Accounting for Startups: Why Cash is King

Ryan Buckley | Posted 03.26.2014 | Small Business
Ryan Buckley

The thing you need to understand is exactly what "revenue" means. It's a word that gets tossed around a lot, but for accountants, it has a very specific definition.

Women in Business: Q&A with Theresa Brown, Partner at Armanino

Laura Dunn | Posted 03.11.2014 | Business
Laura Dunn

Theresa is the Partner in Charge of the Microsoft Dynamics GP Practice at Armanino, and has more than 25 years of experience in management consulting ...

Do State Tax Incentives Really Work?

David Seiden | Posted 01.25.2014 | Business
David Seiden

Many people believe that tax incentives are at best, short-sighted and, at worst, having a negative economic affect on a state and local community.

Accountants & Designers: Creating Value Together

Soren Petersen | Posted 01.23.2014 | Business
Soren Petersen

Financing is the lifeblood that runs though all business endeavors and creative projects are no exception. Neglecting this fact for even a short time ...

Investors' Claim Against Auditor May Proceed

Brad Reid | Posted 01.23.2014 | Business
Brad Reid

In every financial collapse since the Great Depression, auditors have been sued by investors who suffered financial losses. Lawsuits are frequently based upon allegations of negligence in the performance of financial audits.

Immigrants: Assets, Not Liabilities

Gene Marks | Posted 11.20.2013 | Small Business
Gene Marks

I hated being an auditor. But I loved working with Ashraf. More than twenty years ago I was a senior accountant working for an international accounti...

The Path to Innovation Goes Through the Cloud

Jamie Sutherland | Posted 11.03.2013 | Small Business
Jamie Sutherland

The cloud has dramatically impacted the market, shaking up traditional industries by spurring increased competition and igniting a fresh wave of innovation. Small companies and even start-up's can quickly go from idea to launch and seamlessly integrate new services based on customer feedback.

Billions of Defense Contract Dollars May Go Unaudited

Project On Government Oversight | Posted 07.24.2013 | Politics
Project On Government Oversight

DCAA had cut corners after a boom in post-9/11 defense contracting came without a corresponding increase in its staffing. But some say it is overcompensating after being slammed by Congress after its failings were exposed by GAO.

Are You Making the Most of Your Accountant?

Brian Hamilton | Posted 09.08.2013 | Small Business
Brian Hamilton

A smart entrepreneur doesn't just consult his accountant at tax time. He or she knows the underlying reasons why your business is succeeding or failing and should be consulted a minimum of two times per year for non-tax-related consulting and advice.

How Much Money Does Illinois Have? We Don't Know!

Anthony Knierim | Posted 08.26.2013 | Chicago
Anthony Knierim

How much of our money does Illinois have? Is it spending too much? We still don't know, yet. Here we are, nearly a year after Illinois' last fiscal ...

Accounting Firms Tally High Margins

Mary Ellen Biery | Posted 06.04.2013 | Small Business
Mary Ellen Biery

Privately held accounting, tax prep, bookkeeping and payroll services companies (NAICS code 5412) posted an average annual net profit margin of 21.2 percent, based on financial statements filed during the 12-month period ended February 2013.

Hate Filing Your Tax Return? Good

Joseph J. Thorndike | Posted 06.03.2013 | Business
Joseph J. Thorndike

People everywhere hate taxes. What makes the United States distinctive, I think, is our insistence on collecting so much of our tax revenue in a distinctly unpleasant way. No stealthy value-added taxes for us! We're going to do it the hard way.

Between a Rock and a Hard Place

Sheila Blanchette | Posted 05.08.2013 | Women
Sheila Blanchette

Tomorrow I have an interview for a part-time accounting job. I know, what am I thinking? I just left an accounting job in December. I published a book, sold the farm, hit the road with a friend, left my husband behind to join me later and moved to Florida.

5 Useful Tips to Keep Your Startup From Getting Bogged Down

Zach Cutler | Posted 02.22.2013 | Small Business
Zach Cutler

In a perfect world, everyone would work at maximum efficiency every day, with no red tape to cut through or communication snags stunting progress. Unfortunately, thanks to the human capacity for mistakes as well as the imperfect reality of most business environments, getting bogged down is almost inevitable.

Who's Footing the Bill?

Ben Mulling | Posted 10.28.2012 | Money
Ben Mulling

Having graduated from college with very minimal student loan debt, there are a few things that worked for me that I can personally recommend for a college student.

Rocky Start, How More New Businesses Get Started

The Huffington Post | Nate C. Hindman | Posted 06.25.2012 | Small Business

A lousy economy apparently has one upside: It inspires entrepreneurs, says a new report. Fifteen percent of entrepreneurs launched their own ventur...

How Phantom Accounting Is Destroying The Post Office

David Morris | Posted 07.25.2012 | Politics
David Morris

The post office deficit that is driving management to commit institutional suicide by ending six-day delivery, closing half of the nation's post offices and mail-processing centers, and laying off more than 200,000 workers, is make-believe.

A New Degree for Generation Startup: Master's in Management

Amy Hillman | Posted 07.09.2012 | College
Amy Hillman

The Master's in Management degree gives this generation -- whether they want to start a business or work for an existing company -- the ability to gain competitive skills relevant to their chosen profession.

Morgan Stanley Faces Loss Due To Accounting Charge

AP | CHRISTINA REXRODE | Posted 06.19.2012 | Business

NEW YORK — Morgan Stanley reported earnings that far exceeded investors' forecasts Thursday, sending its stock higher even as the rest of the ma...

BofA Sees Profits Plunge

Reuters | Posted 06.19.2012 | Business

* Q1 EPS 3 cents vs 17 cents a year earlier * Accounting charges hurt results * Shares up 1.8 pct in early trading ...

Spring Cleaning for a Speedier Economic Recovery

Joel Brokaw | Posted 06.13.2012 | Business
Joel Brokaw

With the U.S. economy beginning to rebound, it is high time for businesses both big and small to get proactive and clean house of wasteful and counterproductive practices.

Teaching Entrepreneurship in Inner-City Schools

Rahilla Zafar | Posted 06.05.2012 | Education
Rahilla Zafar

Professor Weigelt of Wharton Business School speaks of the moral obligation elite universities have in helping provide opportunities, role models and improving education in inner-city communities.

Disgraced Company Says Core Business Still Strong Despite Scandal

Reuters | Posted 04.13.2012 | Business

(Adds dropped quote marks at the end of paragraph 4) * Scandal not seen having much impact on core medical ops * Potenti...