Accounting

Due to recent advances in technology, you can now talk face to face with someone halfway across the country without even budging from your desk. Yet it’s still important at times for business people to “press the flesh” or meet in person with an associate to conduct meetings or consummate a deal. At least, a business traveler may be entitled to generous tax deductions for his or her expenses.

Intuit event will bring small business users, accountants and developers together to learn how to achieve greater productivity and profitability using QuickBooks Online. The conference is scheduled for Oct. 22-23 in the California San Francisco Bay area.

Intuit's director of product management, Samir Khosla, speaks with CPA Practice Advisor about the explosion of growth for QuickBooks Online at the 2014 New York Accounting and Business Technology Show.

Employment at private companies in the U.S. increased by 220,000 jobs from March to April according to the April ADP National Employment Report. The report is produced by ADP, a provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. It is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

In a letter to House Ways and Means Committee Chairman Dave Camp, the American Institute of CPAs (AICPA) has voiced strong opposition to draft legislation that would limit the use of the cash method of accounting for pass-through entities and personal service corporations.

Whether it’s use of automobiles, homes, clothing or any number of other goods and specialized services, some cash-conscious consumers are willing to share to save.

The Trustees of the IFRS Foundation are seeking applications for membership of the IFRS Advisory Council, after the terms of a number of its members expire at the end of 2014. The primary objective of the Advisory Council is to provide a forum where the IASB and the Trustees consults individuals and representatives of organizations that are affected by its work and are committed to the development of high quality International Financial Reporting Standards (IFRSs).

The Tax & Accounting business of Thomson Reuters has released the first integrated Federal Depreciation Handbook and Calculator for CPA firms and corporate tax professionals.