July 06, 2011
Andrew Presti- Author's Bio
Blog Posts
0 Comments
Business owners baffled by financial statements
July 5th, 2011 Many small business owners are befuddled by complex financial statements. And it could be costing them. Each month, small business owners receive invoices from financial companies detailing their companies’ credit and debit card transactions. Few owners, however, have the time or inclination to make sense of the documents, which can be pages […]
Read more- July 05, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Why Your Business Needs a Policy for Remote Workers
July 1st, 2011 Working remotely is becoming more commonplace for businesses of all sizes, from the multi-international corporations to the two-man shops. While many small businesses are embracing this trend, few have official policies in place governing how and when employees work remotely. Remote workers can significantly reduce overhead costs and lure and retain top […]
Read more- July 04, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
FASB Seeing Discord as Final Goodwill Impairment Rules Readied
June 30th, 2011 The Financial Accounting Standards Board sees discord between major auditing firms and their company clients over proposed judgments to be made in testing for impairment of goodwill, an aspect of reporting that became significant for many companies after the 2008 financial crisis. FASB directed its staff June 29 to continue drafting final […]
Read more- July 01, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Temporary unemployment tax to expire today after 35 years
July 1st Virtually every private employer in the United States will get a tax cut today. It will not affect workers’ paychecks. But the expiration of a 35-year-old temporary unemployment tax – about $14 a year per worker – will mean real money for some big companies at a time when President Obama is pushing […]
Read more- June 30, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Five Ways Businesses Are Coping With Rising Health-Care Costs
With costs of medical plans escalating and new regulations looming due to health-care reform, businesses of all sizes are scrambling to manage the impact to their bottom lines, while still trying to provide attractive options. To do this, leaders need to be creative and careful to avoid damaging employee morale and motivation. Managers of some […]
Read more- June 29, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Debt Ceiling Deal Could Mean Social Security Cuts
June 28th, 2011 Lawmakers look at changing the inflation index as a way to trim the deficit As the negotiations on a debt reduction package drag on, both parties have demanded that the certain items—tax hikes, Medicare, and Social Security cuts—be taken off the table. The standoff has forced lawmakers to become increasingly creative as […]
Read more- June 28, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
GASB’s Robert Attmore discusses new pension rules
June 28, 2011 The Governmental Accounting Standards Board is poised to approve new regulations that will have a major impact on the way states calculate their pension liabilities. The changes are meant to make it easier to compare the health of pension funds from one state to the next. They also would have the side […]
Read more- June 27, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
PCAOB Members Question Auditor “Narratives”
June 22nd, 2011 Finance chiefs aren’t likely to favor the accounting oversight board’s proposal to require an Auditor’s Discussion and Analysis report. Public Company Accounting Oversight Board members Jay Hanson and Daniel Goelzer are warning constituents about the possible negative consequences of a PCAOB proposal that would require auditors to spin a “narrative” about their […]
Read more- June 24, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
IRS Increases Mileage Rate to 55.5 Cents per Mile
June 24th, 2011 The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes. The rate will increase to 55.5 cents a mile for […]
Read more- June 15, 2011
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
IRS Takes Up-Front Approach to Combat Identity Thieves
June 13th, 2011 The Internal Revenue Service is expanding its ability to flag identity theft used to file fraudulent tax returns or employment forms and is moving toward a forward-looking approach to the problem, an agency official said June 9 at an annual software developer conference. Following IRS Commissioner Douglas Shulman’s remarks at the National […]
Read more