Accounting
Detroit pension fund pays out nearly $1B in bonuses
One of Detroit's two pension funds handed out nearly $1 billion in bonus cash payments over two decades to retirees and active employees' retirement accounts instead of reinvesting the extra earnings for the future, according to a Free Press review of city records.
CPA Firm KatzAbosch Launches External Newsletter
KatzAbosch, a Maryland-based CPA, tax and consulting firm, recently announced the successful launch of its external newsletter.
The Benefits and Challenges of Cloud Accounting
Accounting firms across the country are looking to the cloud to transform their client accounting services. They are looking to move from simply transactional bookkeeping services to higher value advisory services more in line with the CFO function.
Study shows employee stock ownership plans boost productivity
Broad-based employee stock ownership plans, if properly designed, are the best way to ramp up productivity, new research finds.
AICPA to Congress: Provide IRS with Sufficient Funds to Perform Its Duties
The American Institute of CPAs is urging Congress to provide the Internal Revenue Service with “sufficient” funds to perform its duties.
Upcoming Xero Launch Integrates Full Payroll with Accounting Apps
Xero announces the upcoming launch of their complete US payroll feature at inaugural U.S. Xerocon.
Minimum Wage Increase on Nov. Ballot in New Jersey
Ines Sinko has spent the summer helping tourists pick out gifts and beach apparel at Boardwalk's Best Inc. in North Wildwood, New Jersey.
Is it a Good Time for Small Businesses to Take Risks?
For small business owners who survived the recession, now is a good time to take stock of where their business stands and whether and how they want to grow.