[ad_1] If you are planning to have the U.S. Government as a client, you will need to have your accounting systems set up so you can handle their accounting requirements. Regardless of whether you are engaging in a plain vanilla contract or an SBIR grant, you will be required to negotiate fringe benefit rates, overhead

Accounting for Government Contracts – Fringe, Overhead and G&ARead More »

[ad_1] After developing five accounting firms from 1984 to 1994, I spent the next fifteen years assisting over 2,000 accountants develop and improve their accounting firms as a Practice Development Consultant. This experience showed that many accountants had implemented many marketing programs that fail. The primary reason most accounting marketing programs fail is because the

Why CPA Accountant Marketing Programs FailRead More »

[ad_1] In the accounting industry, direct mail marketing can be very cost effective. CPAs and Accountants are fortunate to be in an industry where they are able to purchase a database, which provides precise information on potential clients. This makes marketing with direct mail a very cost effective approach to develop new clients. The first

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[ad_1] Introduction: The Financial Accounting Standards Board (FASB) on August, 17, 2010 released their "exposure draft" requiring companies to record nearly all leases on their balance sheets as a "right to use" asset, and a corresponding "future lease payment – liability" . What does this mean to your business in layman terms? This proposal in

FASB Proposed Lease Accounting Changes – Impacts on Commercial Real EstateRead More »

[ad_1] Accounting is an information system which identifies, records, analyzes interprets and communicates the economic data of a financial entity. Accounting consists of three basic activities – it identifies, records, and communicates the economic events of an organization to interested users. Let’s take a closer look at these three activities. Identifying Economic Events: Many events

The Concept of AccountingRead More »

[ad_1] A tax accountant has been trained as an accountant and is able to inspect, prepare, and maintain financial records for a business or individual. However a tax accountants main focus is on preparing and maintaining tax information. Tax accountants also advise businesses about the tax advantages and disadvantages of certain business decisions. Accountants must

How To Find A Good Tax AccountantRead More »

[ad_1] There are three major functional areas in accounting, which need to be considered in modern day accounting for any business. The three are financial, cost and management accounting. The first area, namely financial accounting, is primarily useful for ascertaining the results of the business on a periodical basis; for example, one year. This will

Accounting – Three Major AreasRead More »