Accounting
How Hiring Family Members Can Lower Your Taxes
For business owners, hiring family members as employees can lead to significant tax savings. And in many cases, those savings extend to the family members as well as the business owner. Sole proprietorships and corporations are both entitled to tax savings when they hire family members, but the amount of savings varies according to business type.
Financial Accounting Foundation Appoints Two New Members to GASB Advisory Council
The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the appointment of two new members to the Governmental Accounting Standards Advisory Council (GASAC).
Special Report Offers Overview of New FASB and IASB Revenue Recognition Model
Financial information and technology company Thomson Reuters has released a special report, An Overview of the Revised Accounting Model for Revenue Recognition, which provides useful insights for corporate management teams, shareholders, lenders, analysts, investors, regulators, and accounting firms that utilize revenue to monitor organizations' financial performance and general financial health.
New Learning Center Helps Firms Achieve Next Generation Success
Leaders from RootWorks, LLC have expanded the company’s continuing education programming for the accounting profession with the opening its new state-of-the-art learning center. The new facility is conveniently located in the PNC Center in Indianapolis, IN and will host an impressive roster of strategic planning workshops developed exclusively for today’s progressive accounting professional.
Kansas CPA Society to Host Governmental Accounting Conference
The Kansas Society of Certified Public Accountants plans to hold a statewide conference in Wichita next week that will focus on governments and nonprofits.
Connecticut Bookkeeper Charged with Embezzling $800K from Veterans Organization
A Connecticut bookkeeper has been accused of embezzling more than $830,000 from a nonprofit veterans' organization, police said.
Former Baker Tilly Branch in Milwaukee Renames Firm
The former investment advisory unit of the accounting firm Baker Tilly Virchow Krause has been renamed Bronfman E.L. Rothschild, the company said Monday.
IRS Says Interest Rates to Remain Unchanged for Q3
The Internal Revenue Service says that interest rates will remain the same for the third calendar quarter of this year, which begins July 1, 2014.