August 22, 2011
Andrew Presti- Author's Bio
Blog Posts
0 Comments
IRS Issues Benefits Summary Rule; Insurers Must Offer Consumer Details
August 18,2011 The Internal Revenue Service, the Employee Benefits Security Administration, and the Centers for Medicare and Medicaid Services Aug. 17 released a proposed rule (Reg-140038-10) that would require insurers to make available to consumers a standardized summary of the benefits and coverage for each plan they offer. The goal of the proposed rule is […]
Read more- August 19, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
More IRS Cops, More Audits, Says Treasury Report
August 17,2011 The number of federal individual income tax returns examined by the Internal Revenue Service has continuously increased over the past five years, with 1 out of every 90 taxpayers examined in fiscal year 2010, according to a statistical report released today by the Treasury Inspector General for Tax Administration. That’s up 23 percent […]
Read more- August 18, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Election to Deduct Business Startup Expenses Gets Final Rules
August 16,2011 The IRS on Tuesday issued final regulations (TD 9542) governing elections by individual taxpayers, corporations and partnerships to deduct startup expenses or organizational expenditures. The regulations adopt with a slight change temporary regulations the Service issued in 2008 (TD 9411). The rules provide guidance on the application of section 902 of the […]
Read more- August 17, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Tax Tips on Combining Business and Pleasure
August 15,2011 With productivity the top priority at many finance departments — and with smart phones getting ever smarter at tracking down sunbathing executives — it’s getting harder for CFOs to spend some days exclusively at the beach. Now that the dog days of August are nearly upon us, however, it might be a good […]
Read more- August 16, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Private-Company GAAP Heats Up
August 03,2011 Accountants and finance executives are lobbying hard for the Financial Accounting Foundation (FAF) to appoint a separate board, independent of the Financial Accounting Standards Board, to tailor accounting standards for private companies. At least 15 state CPA societies, including those in Alabama, Illinois, New Jersey, and New York, have sent letters to the […]
Read more- August 03, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
LIFO Accounting Method Targeted: Small Businesses Fight Repeal
A proposal to eliminate the Last In, First Out (LIFO) accounting system has generated alarm and protests from several major industry associations, including the National Federation of Independent Business. The proposal to ban this inventory accounting system was introduced by President Obama during the recent debate about reducing the nation’s debt. The administration believes a […]
Read more- August 03, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
echnology: Social Engineering Scams Threaten Computer Security
Business owners have learned to delete suspicious attachments that might contain viruses or malware. We’ve learned about phishing and other email-generated scams. With our focus on the technology involved in these attempts to defraud or steal from us, we might not recognize other confidence tricks that could jeopardize our computer networks – scams that use […]
Read more- August 03, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
New Study Shows Increase in Senior Financial Fraud: How Can You Protect Your Parents’ Assets?
Senior fraud is a serious problem. You have probably seen many examples in the news – and it can happen to you or your aging parents. A June 2011 study by MetLife (The MetLife Study of Elder Financial Abuse: Crimes of Occasion, Desperation, and Predation Against America’s Elders) found that financial fraud and abuse perpetrated […]
Read more- August 03, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Stock Market: Stellar Earnings Cheer Investors Despite Mixed Signals
Stock market gyrations in July reflected investor sentiment as experts and individual investors alike followed the ups and downs of the U.S. debt-ceiling debate and financial woes afflicting European nations. Mixed signals abounded, including positive news on second quarter earnings from major U.S. companies and the comeback of the IPO market, set against lackluster economic […]
Read more- August 03, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Google+ Highlights Importance of Social Media Marketing for Business
If you’re a business owner, chances are you have a presence on LinkedIn, Twitter or Facebook. Social networking has become an integral part of corporate marketing departments. Skilled social marketing pros specialize in this important niche, doing what personal users do just for fun by spending inordinate amounts of time on Facebook. But social media […]
Read more