Business & Industry / E-Commerce
New federal and state privacy laws and regulations will mean more work and more challenges for CPAs. Their far-reaching provisions will bring changes in unexpected areas, such as marketing financial services. E-commerce businesses, CPA firms and even the corner hardware store could be affected.
Tax
Companies can deduct as much as 100% of certain meal and entertainment expenditures, which normally are limited by a 50% tax deduction ceiling. But careful recordkeeping is needed to track which expenses are eligible for this benefit.
The New Century
What was the accounting profession like when business travel was primitive or when casual dress was career suicide? Some snapshots from the profession’s past offer a perspective on the present and the future.
Technology
Smart businesses are establishing Web sites for many different reasons: to buy, sell, communicate, troll for new customers and support current customers. Here’s practical guidance for getting started on the Internet.
Case Studies / Practice Development
Two U.S. CPA firms are leveraging the intellectual skills and technical training of workers in India so they can operate 24 hours a day and provide clients with speedy and affordable service.
Technology / Technology Workshop
Accountants frequently are asked to solve “what-if” financial problems in which multiple scenarios yield different results. Computer spreadsheet applications contain powerful tools that easily handle such calculations. This article provides a step-by-step tutorial on how to use these functions.
Not-for-Profits
Under prior guidance, not-for-profit organizations have had difficulty determining what to report as assets, liabilities, contribution revenues and donation expenses. By issuing Statement no. 136, FASB has provided accounting standards for certain transactions where NPOs had thought guidance was lacking.