Below please find daily updates pertaining to the latest in financial, business, and tax news:

Auditing Special Purpose Frameworks: Accounts Payable and More

Wed Oct 01 04:35:09 PDT 2014

Covered here are accounts payable, accrued expenses, long-term debt, and pension obligations; note that differences may arise in the future for capitalized lease obligations....

IRS to Issue EITC Due Diligence Letters Next Month

Tue Sep 30 10:50:17 PDT 2014

Starting in October, the IRS will send warning letters to tax return preparers who appear not to be complying with the Earned Income Tax Credit due diligence requirements. ...

The 3 Answers for an Anxiety-Free Cloud Move

Tue Sep 30 09:49:53 PDT 2014

CPA firms have increased their adoption of business-grade cloud technology but still have reservations that prevent more pronounced adoption rates. However, they don't need to worry....

Bramwell?s Lunch Beat: BofA Smacked with $7.65M SEC Fine Over Accounting Flub

Tue Sep 30 09:31:35 PDT 2014

The menu for Sept. 30 features specials on BKD LLP and Wolf & Co. merge, EU reveals details of Ireland/Apple tax probe, Indian citizens can now take the CPA Exam in the Middle East, and more....

Two Accounting Firms Win Awards for Happy Employees

Tue Sep 30 04:16:12 PDT 2014

We've probably all worked for soul-sucking managers who expect employees to work 24/7. But you won't find them at these two firms, which have managed to create award-winning work environments. ...

TIGTA Finds Flaw in IRS Collection Efforts for Unpaid Taxes

Mon Sep 29 14:44:39 PDT 2014

In a report released on Monday, the IRS watchdog found that the tax agency may not be completing the required research steps in collecting delinquent taxes before considering the cases ?not collectible.?...

Internal Complexity Top Challenge CFOs Are Facing: Report

Mon Sep 29 11:48:05 PDT 2014

According to a new Accenture study, dealing with legacy systems and environments, managing the complex needs of all stakeholders, new and complex business risks, and supporting increasingly complex operating models were the top four issues cited by CFOs....

How to Handle Start-Up Costs

Mon Sep 29 10:20:43 PDT 2014

The school year is off and running?have your start-up clients launched as well? It may make a big difference in tax status. Know the rules, phase-outs, and timing?and the limits for 2014....

Bramwell?s Lunch Beat: GOP Mum on Tax Cuts This Election Season

Mon Sep 29 09:29:45 PDT 2014

The menu for Sept. 29 features specials on EY?s fiscal-year revenue up 6 percent, EU criticizes Apple?s tax deals in Ireland, banks cash in on tax trade, Boehner says tax reform ?doable? in next two years, and more....

The 8 Questions to Picking a Niche

Mon Sep 29 04:19:59 PDT 2014

If you're choosing a one-size-fits all approach to growing your accounting firm, it could mean that you're missing out on a valuable, and potentially lucrative, opportunity to develop a niche....

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