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Accountants Goes Online with Kashoo’s MVP Program

Kashoo.com has made it possible for accountants to finally utilize the internet efficiently for professional accountants! With their new software, professionals can now use cloud to organize files, provide better customer service, securely manage the records, and gain trust from...

Why Your Business May Need an Auditor

The word audit is a terrifying thing for the layman, as it’s often associated with the IRS and your taxes. But in the business world, an auditor can be an important financial tool for companies both large and small. An auditor is an individual employed by or working for a company...

First Accountants’ Conference Opens In Accra

Financial crisis has been a common problem for businesses, employees and investors and this has pushed Minister Dr. Kwabena Duffuor of Finance and Economic Planning to create the first accountants’ conference.

Fund Accounting and Non-Profit Organizations

Fund accounting is a subset accounting used primarily by non-profit organizations to manage their finances. The difference between fund accounting and accounting used by for-profit businesses is that non-profits use fund accounting to keep track of how funds are spent as opposed...

CPA Provides Free Services

FrankGuttaCPA.com has realized the need of consumers for tax assistance without adding to their headaches. By giving the consumers a free consultation, IRS problems can be approached by the 25-year expertise of the firm.

Fixed Fees to be Considered in Firms

In this time being, lawyers and accountants have been billing people on a commission basis or in a per hour basis. The FOFA (Future of Financial Advice) reform has been fighting for a fixed fee implementation and influencing these professionals to do the same.

Why Cost Accounting Is Important to Your Business

What is cost accounting? Of the many subsets of accounting, cost accounting is a tool used primarily by managers to help determine the costs necessary to run the business.

Why Management Accounting is Important to Your Business

Do you need a management accountant? If you’re one of many managers in a big business, then a management accountant is most likely a very wise investment. Management accounting is a subset of accounting that involves providing accounting and financial information to managers...

Why Financial Accounting Is Important to Your Business

Financial accounting is a specific type of accounting that involves the preparation of financial statements for the purpose of supplying them to “decision makers.” The decision makers can include stockholders, banks, employees, and owners, among others. Within the field of accounting,...

Accountant Siphoned Off $12 Million in Five Years

Timothy Rodkin, a former financial controller at Elekta Canada, Inc., was sentenced to five years in prison for committing fraud over US$5,000 and breach of cognizance.

How A Tax Accountant Can Help You

Everyone has to pay taxes, and no one really wants to. Sadly, the only certainties in life are death and taxes, and you certainly don’t want to make doing your own taxes seem like a life or death situation. As such, many people and businesses can benefit from a tax accountant.

The Many Different Types of Accounting

Accounting is an incredibly diverse field. It’s not just crunching numbers and pouring over old receipts to make sure you get the most amount of money back on your taxes. Accounting incorporates a number of different fields under an umbrella of four different main types of accounting:...

Tax Calculator Revealed!

The American Institute of CPAs released a new calculator online that only costs you to input a few basic information then automatically gives the estimated yearly tax that you are paying for.

2012 Competition: Getting the IMA Cites Certification Edge

The U.S. Bureau of Labor Statistics’ 2012-2013 recently released Occupational Outlook Handbook has said that jobs for accountants and auditors are expected to rise up to 16% from 2010 – 2020.

When Do You Need a Forensic Accountant?

What is forensic accounting? A forensic accountant is a certified public accountant that investigates financial situations for instances of fraud or to help prevent fraud from occurring. They can evaluate the value of a business, examine or reconstruct financial records, and...

CPA License Requirements

A Certified Public Accountant, or CPA, is an accountant that is recognized by the state. In order to become a CPA, you must pass the Uniform Certified Public Accountant Examination (Uniform CPA Exam), which is set by the American Institute of Certified Public Accountants (AICPA)...

Choosing a Personal Accountant

Taxes are tricky. If you have one job, nothing to write off, and no dependent, doing your own taxes is a relatively simple and painless task. You can either do it on paper on use one of the many online tax services that require little more than registering and inputting all of...

Questionable Expenses at Ransom to be Verified by a $7,500 Forensic Accountant

On Wednesday, the supervisors of Ransom paid out a lumpy sum of $7,500 to hire a forensic accountant, who is expected to investigate 5 years of records.

New Faces for the Management Team of First Financial Service Corporation

First Financial Service Corporation has welcomed two new faces to be part of the executive management team on Wednesday.

Choosing an Accounting Service for Your Business

Whether you’re a new business or an established one, choosing the right accountant can be the difference between failure and success. In addition to the basics - doing taxes, preparing forms, and the like - a qualified accountant can help provide you with short or long term financial...

Choosing an Accountant for Your Small Business

When starting a small business, there are many things you need to make sure are in order before officially opening your doors to the public. While staffing, location, and product are, of course, important, nothing is more necessary than ensuring your financial situation - payroll,...

What is Accounting?

Accounting, also known as accountancy, is described by the American Institute of Certified Public Accountants (AICPA) as “the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of...

What Do Accountants Do?

An accountant is one who practices the business of accounting. Accounting is a major business around the world, with thousands upon thousands of accountants working in both the public and private sector

A Brief History of Accounting

Accounting has a long and storied history that extends as far back as the ancient Mesopotamians. The earliest accounting records date back to approximately 5,000 BC, and involved a crude and rudimentary system of keeping track of crops and herds. Bookkeeping also appeared this...

The Cost of an Accountant

Choosing an accountant requires plenty of research to ensure you end up with an educated and successful individual who will do everything he or she can to ensure your business or personal finances are in perfect order. But how much does an accountant cost? Turns out you have...

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