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All Blog Posts (230)

Accrue Real Property Taxes by Electing Ratable Accrual Method or Recurring Items Exception

Many taxpayers erroneous think that if they are on the accrual method for tax accounting that they may simply accrue real property taxes on their tax returns. No necessarily so. Taxpayers need to adopt or elect the recurring items exception or the ratable accrual method for real property taxes. Find out more by reading Electing the Ratable Accrual Method to Accrue Real Property Taxes Pursuant to Int

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Added by William Brighenti on August 30, 2010 at 9:02am — No Comments

The Percentage-of-Completion Method of Accounting for Long-Term Construction Contracts

The Percentage-of-Completion Method of Accounting for Long-Term Construction Contracts
According to ARB No. 45 and SOP 81-1 by William Brighenti, Certified Public Accountant, Certified QuickBooks ProAdvisor

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Added by William Brighenti on August 27, 2010 at 4:31pm — No Comments

“Time Travel” aka Troubleshooting a Dot Matrix Printer in 2010

Took a ride with one of our consultants earlier this week to see a client who was having trouble printing checks from Sage MAS 90 to their dot matrix printer. Apparently, there had been a power outage a few days earlier, and ever since, their checks were printing out of alignment. It was an old Okidata ML 591..man I used to love those printers. You program them by holding d… Continue

Added by David Faye on August 27, 2010 at 10:00am — No Comments

The Secret of Successful Software Implementations

It's a dirty little secret of successful software implementations. No one really talks about it. It's taken for granted and underappreciated, usually. Like the Aunt that always shows up at parties and holidays with gifts for the kids, but everyone makes fun of h

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Added by David Faye on August 11, 2010 at 11:00am — No Comments

Do You Know How to Maximize the Exclusion of Foreign Earned Income?

Many Americans working abroad fail to properly apply the physical presence test in order to maximize the exclusion of foreign earned income. Do not pay thousands of dollars of income taxes needlessly; read the article, Maximize Your Exclusion of Foreign Earned Income Under the Physical Presence Test, and save on income taxes.

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Added by William Brighenti on August 10, 2010 at 2:46pm — No Comments

The Right Mindset

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Added by David Faye on August 2, 2010 at 9:31am — No Comments

Are your future partners really ready for the quantum leap?

'Many of today's partners set a bad example to their staff. Indeed, their behavior is sometimes directly responsible for the exodus of new CAs into industry.'

Here's the problem; when we get to the stage on our career when we feel ready to step up to Partnership, we're often ready in many areas - professional training, technical abilities, managing client relationships and so on - b

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Added by Steve McIntyre-Smith on July 28, 2010 at 2:12pm — No Comments

GE invites Senior Finance professionals to an Invite-only Event on 8/13 in Atlanta.

GE Energy is one of the world's leading suppliers of power generation and energy delivery technologies in all areas of the energy industry including coal, oil, natural gas and nuclear energy as well a

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Added by AJT on July 28, 2010 at 8:30am — No Comments

Customizing Software is NOT so bad

Many consultants talk about customizing software as if it’s akin to selling your soul to the Devil. They site a litany of reasons why it’s a bad idea – the software never works right again, you c

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Added by David Faye on July 26, 2010 at 10:31am — No Comments

Accounting Jobs Los Angeles

Check out this great new job opportunity on Accounting Jobs Los Angeles.
http://www.accountingjobslosangeles.com/a/jbb/job-details/356625

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Added by AJT on July 26, 2010 at 8:18am — No Comments

AccountingWEB Announces the 2010 AccountingWEB LIVE! Conference

Westerville, OH (July, 2010) - AccountingWEB, the leading online media company for accountants, is pleased to announce the 2010 AccountingWEB LIVE! Conference on September 14th, 2010. The 2010 AccountingWEB LIVE! Conference will be held concurrently with the Maryland Association of CPAs 2010 Technology Conference. The two events, combined, will offer 16 hours of CPE credit.
The 2010 AccountingWEB LIVE! Conference will offer dynamic, thought-provoking sessions from the AccountingWEB stable… Continue

Added by AJT on July 16, 2010 at 9:46am — No Comments

6th Annual “We’re About Success!” Program Brings over 100 African-American Accountants From Many accounting Firms Together in Effort to Improve Retention and Advancement

Howard U. Center for Accounting Education helps firms develop, retain African American associates

(Chantilly, VA) Sent by leading firms across the country, 100 promising young African-American accountants gathered near Washington, D.C. this summer in a program that helps the firms improve retention and advancement of their first-year minority associates.

The “We’re About Success!” program of Howard University School of Business’s Center for Accounting Education (CAE) drew… Continue

Added by AJT on July 16, 2010 at 9:34am — No Comments

Keep an Eye on Things

I recently returned from yet another meeting with another CEO whose company was the victim of embezzlement from a trusted employee. While this is the sort of activity has always been going on, it seems like over the last year or so, it’s been on a serious upswing. Blame it on the economy or the times or whatever you want, but it’s clear that we have more to fear today from “internal” threats than ever before. Make sure you don’t go to sleep in this area. Virtually

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Added by David Faye on July 13, 2010 at 8:02am — No Comments

Using QuickBooks Online for Property Management Accounting

Using QuickBooks Online for Property Management Accounting

Using QuickBooks Online for your property management accounting may be a solution for your property management needs. Often the individuals collecting the rents, undertaking the bookkeeping, purchasing materials or hiring subcontractors, and providing the investment funding are in different loca

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Added by William Brighenti on June 23, 2010 at 7:27pm — No Comments

Can a Limited Liability Company be a Tax-Exempt Organization?

Before forming a limited liability company to apply for tax-exempt status of your organization, think again: read the article, "Can a Limited Liability Company be a Tax-Exempt Organization?".

William Brighenti, CPA

Accountants CPA Hartford, LLC

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Added by William Brighenti on June 13, 2010 at 4:30pm — No Comments

Do you know the 10 Commandments of CPAs?

Do you know the 10 Commandments of CPAs? If you don't, you may be very, very bad. Know thy Commandments: The 10 Commandments of CPAs.

The Barefoot Accountant

Accountants CPA Hartford, LLC

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Added by William Brighenti on June 6, 2010 at 8:50pm — No Comments

The Health Care Tax Credit

President Obama recently signed into law the Patient Protection and Affordable Care Act, giving small employers and tax-exempt organizations generous tax credits for providing health insurance to their employees. Do you know how to calculate the health care tax credit? If not, read the following article:

Health Care Tax Credit: How to Calculate the Health Care Tax Credit

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Added by William Brighenti on June 6, 2010 at 8:46pm — No Comments

Are you aware of the possible $7,621 in tax benefits available under the HIRE Act?

Thinking of hiring new employees? The HIRE Act enacted on March 18, 2010 allows employers to be exempt from their share of social security taxes on wages paid from then until the end of the years as well as to take a tax credit of as much as $1,000 for each qualified employee retained for a year.

To find out the details of the HIRE Act and the claiming of these two tax benefits, please see the article, "The HIRE ACT: Obt

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Added by William Brighenti on June 1, 2010 at 8:24am — No Comments

Why does the Internal Revenue Code read as clear as mud? It must be deliberate. I'm not complaining,…

Why does the Internal Revenue Code read as clear as mud? It must be deliberate. I'm not complaining, because it's good for my business as a Certified Public Accountant. Let's face it, if the average person could understand the tax code, why would they pay us $150/hour to do their taxes and resolve their tax issues?