Summary of FASB Board decisions – January 2011

Accounting for financial instruments: classification and measurement. In response to the overwhelming feedback received on the proposed Accounting Standards Update, the Board continued its discussion about whether to measure certain financial assets at amortized cost. Additional information is available in the summary of feedback received on the classification and measurement model in the proposed Accounting […]

Relief provided for Tax Return Preparers with pending PTIN Applications

The IRS has provided relief for tax return preparers who have pending PTIN applications but have not yet received a PTIN. The relief provided applies only during the 2011 filing season and does not apply to individuals who engage in conduct that constitutes a willful violation of the applicable duties and restrictions or disreputable conduct […]

U.S. GAAP Financial Reporting Taxonomy Now Available

The Financial Accounting Foundation (FAF) today announced the availability of the 2011 U.S. GAAP Financial Reporting Taxonomy pending final acceptance by the U.S. Securities and Exchange Commission (SEC). The FAF is responsible for the ongoing development and maintenance of the taxonomy applicable to public issuers registered with the SEC. The 2011 U.S. GAAP Financial Reporting […]

IRS has set a tax-filing date of Feb. 14 for itemizers

Taxpayers who claim itemized deductions will be able to file their federal tax returns starting Feb. 14, the IRS said Thursday. While the tax-filing season began on Jan. 4, the IRS announced last year that taxpayers who itemize — which includes just about everyone who has a mortgage — would have to wait until at […]

Charitable Giving Guidelines

Even though it’s now 2011, completing and filing taxes for 2010 is just beginning. While we all know that charitable donations are an ideal way to reduce your tax liability, it’s a good idea to review some of the finer points of the IRS rules. While it’s a good feeling to give back to others, […]

Technology: Top Strategic Technologies for 2011

Information technology continues to evolve and change at a breakneck pace, making strategic planning and purchasing decisions difficult for businesses large and small. Here’s a review of some of the major trends and online strategies that industry leaders see for the near future. All hold the promise of major competitive advantages for companies that are […]

IRA Distribution Rules Change for 2010

Keeping up with the federal rules and regulations for Individual Retirement Accounts is kind of like keeping up with the constantly changing tax law. While the finer points are best left to financial planners to impart to their clients and customers, anyone who has an IRA and is near retirement age should educate themselves. In […]

Stock Market: Experts Forecast Sunnier Skies

2010 might be described as a year of frustration and doubt for U.S. investors. It was a year of constant ups and downs, with the Standard & Poor’s 500 crossing its opening benchmark of 1115 in January 2010 more than 160 times. Worries about the economy, the job market and budget deficits abounded – and […]

Tips Help Business Owners Achieve Success

Did you meet your business goals in 2010? As we begin a new year, now is the ideal time to reflect on what happened in 2010 in order to clearly plan for the changes you want to make in 2011. Following your assessment, focus on the areas of your business that will impact your bottom […]

2010 Tax Update

There were a number of tax law changes as the following tax legislation was passed: Hiring Incentives to Restore Employment Act (HIRE Act) on March 18, 2010 Education/Jobs/Medicaid Assistance Act of 2010 on August 11, 2010 Small Business Jobs Act on September 27, 2010 Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 […]

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Summary of FASB Board decisions – January 2011

Summary of FASB Board decisions – January 2011

Relief provided for Tax Return Preparers with pending PTIN Applications

U.S. GAAP Financial Reporting Taxonomy Now Available

IRS has set a tax-filing date of Feb. 14 for itemizers

Charitable Giving Guidelines

Technology: Top Strategic Technologies for 2011

IRA Distribution Rules Change for 2010

Stock Market: Experts Forecast Sunnier Skies

Tips Help Business Owners Achieve Success

2010 Tax Update

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