June 28, 2011
Andrew Presti
Blog Posts
0 CommentsJune 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 moreJune 27, 2011Andrew PrestiBlog Posts0 CommentsJune 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 moreJune 24, 2011Andrew PrestiBlog Posts0 CommentsJune 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 moreJune 15, 2011Andrew PrestiBlog Posts0 CommentsJune 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 moreJune 14, 2011Andrew PrestiBlog Posts0 CommentsJune 10th, 2011 The Internal Revenue Service June 9 renewed its stance that taxpayers cannot make or revoke an election for the alternative simplified research credit after they file their tax returns, bringing disappointment from practitioners interviewed by BNA. IRS’s decision, announced in final rules (T.D. 9528), offers little help to taxpayers struggling with the […]
Read moreJune 13, 2011Andrew PrestiBlog Posts0 CommentsJune 9th, 2011 President Barack Obama’s advisers have discussed seeking a temporary cut in the payroll taxes businesses pay on wages as they debate ways to spur hiring amid signs that the recovery is slowing, according to people familiar with the matter. The idea, which is in preliminary stages of discussion, is among several being […]
Read moreJune 12, 2011Andrew PrestiBlog Posts0 CommentsIt’s been two years since the economy hit a rough patch, and – although we are in recovery mode now – progress is slow, and many small business owners are still feeling the pinch. The effects of the recession have reverberated through business and industry worldwide, leaving no sector untouched. It is apparent that many […]
Read moreJune 12, 2011Andrew PrestiBlog Posts0 CommentsFinding new ways to raise capital is important to many small business owners, especially since traditional credit has slowed following the recent financial crises. New challenges require new solutions. To that end, innovative entrepreneurs have developed crowd-funding online sites as a new way for small businesses to raise capital. The growing popularity of crowd-funding along […]
Read moreJune 12, 2011Andrew PrestiBlog Posts0 CommentsExisting home sales are down in most regions of the United States, and the depressed housing market continues to slump even with improved job growth. Expiring tax credits are a factor in lower than expected sales, as are tighter lending requirements and fewer qualified buyers, a lingering effect of the financial crisis and economic recession. […]
Read moreJune 12, 2011Andrew PrestiBlog Posts0 CommentsBelieve it or not, by June 2011 the U.S. economy officially will have been in recovery mode for two years, according to economic experts. As with any anniversary, this second year mark has prompted investment experts to contemplate where we stand and to ponder where we are heading. Post-recession, the rallying cry was that the […]
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