Updated Form 8300 and Reporting for Cash Payments Over $10,000

The IRS has recently revised its Form 8300, which businesses must file within 15 business days of receiving over $10,000 in cash from a buyer in a single transaction or related transaction.... read more >

Lease Accounting Updates and How They Will Affect Lessees

If you are leasing or plan to lease your fleets, warehouses or equipment, then you need to monitor the progress of the revised lease accounting standard since it could have significant implications for your company. An update.... read more >

Part Five: Equity Markets Will Be Volatile

The fifth installment in Nancy Skeans' series on the volatility of equity markets. Evaluate your strategy annually or earlier if cash flow needs change.... read more >

Further Support for S Corporation ESOPs

ERISA

By Jason Lumpkin

Prior to 1997, S corporations could not sponsor an Employee Stock Ownership Plan (“ESOP”) because a tax-exempt trust could not be an S corporation shareholder. Subsequent rules and regulations have eliminated this restriction. Jason Lumpkin provides insight.... read more >

Census Bureau Issues Income, Poverty and Health Insurance Coverage Report

Tax

By Ron Kramer

The U.S. Census Bureau recently released its report, Income, Poverty and Health Insurance Coverage in the United States for 2010. The survey provides some interesting statistics on income, poverty and health insurance in the United States. Links to full report are included.... read more >

The Wait is over. IRS provides guidance on employer-provided cell phones

Tax

By Martin DiGiovine

The IRS has provided long-awaited guidance on the tax treatment of employer-provided cell phones. Martin DiGiovine provides an update.... read more >

The AICPA Suggests Public Companies Be Allowed to Elect IFRS

IFRS

By Todd Lucas

In response to the SEC’s Work Plan for the Consideration of Incorporating International Financial Reporting Standards into the Financial Reporting System for U.S. Issuers, the AICPA has recommended that public companies be allowed to adopt IFRS.... read more >

Assessing Your Supply Chain Risk

Do you know which element of your supply chain has the greatest risk of failure? Richard McKenna shares insights for analyzing supply chain risks.... read more >

Ten Most Common College Resume Blunders

As you prepare your resume for your post-college career search, read about the ten most common resume blunders and how to avoid them.... read more >