Bookkeeping
Some Amazing State Tax News
By Rizzolo Group at 15 September, 2010, 12:00 am
New York enrolled agents gain registration exempt status. The New York State Society of Enrolled Agents celebrated a legislative victory this week as Governor David Paterson (D) signed A8556A which included the state registration exemption for enrolled agents. As previously reported in E-alert, a newsletter published by the National Association of Enrolled Agents, on July 16, 2010 a New York court ruled against NYSSEA’s claim that enrolled agents should be included in the same exemption from state registration that attorneys and certified public accountants enjoyed.
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Understanding The Concept Of Income Statement, Revenue and Income
By alona007 at 13 September, 2010, 12:00 am
The information on how a business becomes successful is measured through its income statement. This part of the financial statement shows the increase or decrease of owner’s equity during a given period. It also indicates the specific factors responsible for the change.
Read More >>Choosing a Viable Franchise
By ukfranchises1 at 9 September, 2010, 12:00 am
Companies franchise because it’s a great way to build an organization, expand markets, and leverage growth beyond their capital limitations. Fast growth can be exciting but, too often, adding to the unit roster becomes a matter of quantity rather than quality. Successful franchisors know that being picky about who is allowed to buy a franchise is vitally important to the ultimate health of the company. It’s important to find qualified, competent franchisees who can and will promote the brand, add value to the organization, boost the unit success rate, and increase revenues and market penetration.
Read More >>Franchises – What Are They?
By ukfranchises1 at 3 September, 2010, 12:00 am
Several years before, if one wanted to start his own business, his natural course of action would be to do it on his own, depending largely on his business instincts, limited know-how, and observation of the market. The advent of franchising, however, brought a big change in business. Many have since become rich because of franchising. Franchising has indeed many advantages.
Read More >>Understanding The Implications Of Accounts Payable
By alona007 at 2 September, 2010, 12:00 am
Accounts payable is found in the credit side of a company’s balance sheet statement. It represents short – term liabilities. Differentiated from mortgage payables, accounts payable is a debt to be paid in no more than one year. So, every account payable item is liquidated in less than one year. Mortgage payable on the other hand is debt with maturity or payment term exceeding one year. Accounts payables are part of the company’s current liabilities.
Read More >>CPA Disbarred for Failure to Exercise Due Diligence and Compliance Problems
By Rizzolo Group at 27 August, 2010, 12:00 am
The Office of Professional Responsibility (OPR) has prevailed in an agency appeal involving issues which include the due diligence responsibilities of a CPA under the Rules of Practice before the IRS (Circular 230). The May 28th decision of the Appellate Authority has upheld the Administrative Law Judge’s (“ALJ”) disbarment of CPA Tim W. Kaskey finding, among other things, that Mr. Kaskey failed to exercise due diligence in preparing tax returns for a corporation and its husband and wife shareholders.
Read More >>Lytec and Practice Partner Medical Billing Software
By seoarticles111 at 24 August, 2010, 12:00 am
When purchasing software tools for medical offices, make sure to find one with an appointment scheduler and that it keeps track of patient’s records. With today’s technology, there is no reason not to make things simpler and more organized in the medical office. This is exactly what busy physicians need to keep their practice in order. Doctors and nurses want to spend the most time with their patients not their paperwork. The Practice Partner date entry method is one way for health professionals to facilitate tedious data entry.
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