A Russian national was charged by the U.S. for allegedly being one of the masterminds behind a conspiracy to interfere in both the 2016 and 2018 elections, marking the first charges related to next month’s congressional midterm vote. The woman, identified as Elena Alekseevna Khusyaynova of St. Petersburg, Russia, allegedly served as the chief accountant… Read More
The Social Security Administration said Thursday that the cost of living adjustment, or COLA, for 2019 will be 2.8 percent, providing larger Social Security and Supplemental Security Income benefits for more than 67 million people tied to the rate of inflation. The 2.8 percent COLA will start with benefits payable to more than 62… Read More
Patisserie Holdings Plc finance chief Chris Marsh was arrested as U.K. fraud prosecutors opened a probe into an accounting scandal that threatens to shutter the cake baker’s 200-plus stores. The owner of the Patisserie Valerie chain said in a statement Friday that Marsh was arrested overnight and has been released on bail. The U.K.’s Serious… Read More
Accounting. Bookkeeping: The very words conjure up images of dusty ledgers and drudgery. Despite accounting’s boring reputation, however, it can’t be emphasized too much how essential it is that your business follow accounting’s best practices right from the start. In fact, financial mismanagement is an oft-cited reason for business failure: An influential study by CB Insights of 101 failed… Read More
Accounting. Bookkeeping: The very words conjure up images of dusty ledgers and drudgery. Despite accounting’s boring reputation, however, it can’t be emphasized too much how essential it is that your business follow accounting’s best practices right from the start. In fact, financial mismanagement is an oft-cited reason for business failure: An influential study by CB Insights of 101 failed… Read More
Tax departments need to tool up to be ready for the kinds of tax planning that will occur in the coming 12 months, especially with tax reform implications being considered at the highest levels within organizations. That’s the upshot of KPMG’s recent tax outlook study, in which three out of four tax leaders said they are… Read More
So you want to retire early? Good for you. But, even if you have enough total funds to comfortably support yourself, some retirement plan assets may be locked away or awkward to access. But if you need them to support your life style here’s how to unlock them without penalty. By now, almost everyone is… Read More
Mattress Firm, which has been grappling with declining sales amid an overexpansion and a scandal at its parent company, filed for Chapter 11 bankruptcy protection Friday. The Houston-based retailer has been ailing amid a surge of bed-in-a-box online retailers, too many physical stores and an accounting mess at its parent company, Steinhoff International. Mattress Firm plans to close… Read More
What are common mistakes businesses make when it comes to accounting? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world. Answer by Gary Hecht, Associate Professor at the University of Illinois at Urbana–Champaign, on Quora: One big mistake businesses make when it comes to accounting has to do… Read More
Choosing a business structure for your company is something you shouldn’t take lightly. Because the decision will impact you legally and financially, it’s important to enlist the expertise of an attorney and tax advisor to help you understand the pros and cons of each option. The Difference Between an LLC and S Corp As new entrepreneurs… Read More