Accounting
New Tool Helps Auditors Avoid Judgment Tendencies, Traps, and Biases
The Center for Audit Quality (CAQ) has released the Professional Judgment Resource, a guide designed to provide auditors with an example of a decision-making process to facilitate important auditing and accounting judgments in a professionally skeptical manner.
Accounting Firm Case Study Looks at Challenge of Over-Auditing
A new accounting firm case study examines the challenge of "over-auditing," and the effects it can have on efficiency.
Traveling Abroad for Business? Keep These Deduction Tips in Mind
As with domestic travel (i.e., travel within the 50 U.S. states and the District of Columbia), you can deduct all of your travel expenses if the trip is entirely for business purposes. Otherwise, you’re entitled to travel deductions only if the primary purpose of the trip is business-related. Again, the days spent on business versus pleasure are critical, although the IRS is lenient in treating certain days as “business days.”
Most Millennials Wish They Were Better Prepared Financially, 1/4 Under Extreme Financial Stress
TD Bank survey finds most millennials wish they were better prepared for life events.
Business Expenses: Map Out Deductions for Travel in the U.S.
It is well-known in tax circles that taxpayers can deduct the cost of traveling “away from home” on business. For this purpose, your tax home is usually your principal place of business. As an example, if you live and work in New York and fly to L.A. for a two-day whirlwind of business negotiations, the round-trip airfare is clearly deductible.
New Home Sales Drop in Las Vegas
Business continues to slump for Las Vegas homebuilders. Local developers sold 499 new homes last month, down 23 percent from July 2013, according to a report out today from Las Vegas-based Home Builders Research.
Google Maps Goes Inside Retail Stores to Give Product Views to Online Shoppers
Google Maps Business View allows people to step inside and tour a building without leaving their home. The virtual tour, an extension of Google Maps Street View, gives business owners the ability to showcase their space online with 360-degree panoramas and close-up photos.
Georgia Small Business Forum Focuses on Startup Financing, Growth
Alexis Tubman wants to bring a nonexistent business to Augusta, but like many entrepreneurs, she needs funding and needs to know how to get it.