- February 04, 2011
- Andrew Presti
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Home Based Business Deductions Worth a Close Look
Did you know that more than half of all U.S. businesses are home based? These business owners are sometimes referred to as homepreneurs. Mary Kay Cosmetics and even Ford Motor Company were once businesses based at home. This no longer conjures up the image of an unshaven man in pajamas sipping coffee in front of […]
Read more- February 04, 2011
- Andrew Presti
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Stock Market: Encouraging Performance Cheers Investors
The Dow Jones Industrial Average topped 12,000 – a threshold that had not been crossed since 2008 – as January drew to a close. The excitement proved tough to sustain, however, as the market retreated and then rebounded the following day. The 12,000- point milestone doesn’t increase GDP or boost exports, but it does provide […]
Read more- February 04, 2011
- Andrew Presti
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Boost Sales by Expanding Payment Choices for Clients
If your business is like most, your clients come from diverse backgrounds and income levels. Some are old, some young and more than a few of them are among the millions of baby boomers approaching retirement. What do these seemingly different types of customers – and potential customers – have in common? They all demand […]
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- Andrew Presti
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The Return of Estate Taxes – Should You Elect Out?
One great concern for many tax planners at the end of 2010 was how to adjust for the reversion of estate tax provisions to pre-Bush levels. Congress and the President solved that problem with the passage and enactment of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 – at least for […]
Read more- February 04, 2011
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SUMMARY OF FASB BOARD DECISIONS January 2011
February 1st, 2011 Revenue recognition. The FASB and the IASB continued their deliberations of the Exposure Draft, Revenue from Contracts with Customers, by discussing the accounting for warranties. The Boards decided that an entity should account for some warranties as a warranty obligation (that is, as a cost accrual) in accordance with IAS 37, Provisions, […]
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