Auditing
Your PIN Personal Identification Number, Is It Safe?
According to a new report by the Treasury Department’s Inspector General for Tax Administration (TIGTA), an estimated 1.2 million income tax returns were filed in 2007 by individuals whose wages were earned using another person’s identification num [read more...]
Using Your Accounting Software to Improve Sales
Every business is looking at how to improve their bottom line, whether is by reducing costs or increasing sales improvements can normally be made just by looking at what your current performance is.
One of the first places to look for information is in [read more...]
Audits, Are You Safe From One?
As of February the Internal Revenue Service has stepped up audits in an effort to increase its collections from taxpayers. Among the scheduled increase is a plan to audit 6,000 US companies in an effort to determine whether they have paid all of their required [read more...]
Turbo Tax DOES NOT Save You Money On Personal Tax Preparation!
Recently, I got a call from a new client requesting that I review their personal tax preparation. They had completed their personal tax return using Turbo Tax. They wanted me to make sure it was right.
This is not something I would normally do but thi [read more...]
Take Control of Your Busy Life- Home Based Business Ideas for Stay-at-Home Moms
Your kids demand all of your waking 24 hours a day. There are soccer practices, dance recitals, parent-teacher meetings-just another pile of things to add to the already overwhelming list of things for you to do.
There are rooms to clean, meals to cook [read more...]
IRS Identifies Key Audit Areas for Sole Proprietor LLC’s
Small business owners operating as single member LLC’s have consistently been the target of IRS audits. They file their business income and expenses on Schedule C of their personal income tax returns. The individual business owners, often called “ [read more...]
Auditing Careers Involve Ethical Decision Making
Thanks to recent guidelines laid out across the world, many firms have looked to fill internal audit jobs. Auditors seem to be in relatively high demand, but they are not necessarily motivated purely by money, as many embark on a career in auditing to help big [read more...]
The Financial Reporting Council - A Glimpse Into The World of Auditing
The Financial Reporting Council is the UK’s independent regulator, promoting confidence in corporate governance and reporting. They aim to promote high standards through establishing the Combined Code. They set standards governing corporate reporting, as [read more...]
Why Contractors and Freelancers in the UK need to know about IR35
Most contractor accountants should be very well informed about IR35, and they will be up to date with all the current legislation.
IR35 is legislation that is contained in Chapter 8 of ITEPA 2003 that says that if a worker who is supplying a service per [read more...]
Need Help With Your Bookkeeping
I am going to be honest. When compared to other accounting tasks, bookkeeping probably ranks as one of the most boring to do. Who really wants to sit and compile information that is already there of various transactions into one certain format, and then spend [read more...]