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Proposed XBRL exemption returns. Make it go away.

Posted By: Bill Sheridan on September 14, 2014 in Legislative / Regulatory
You have to admire the determination of our elected officials. When they wrap their arms around a really bad idea, they simply will not let go. And they won’t let a little thing like common sense get in the way, either. Case in point: H.R. 5405. Also known as the “Promoting Job Creation and Reducing Small Business Burdens Act,” this proposed bill would, in part, exempt small public companies — defined as those with less than $250 million in annual revenue — from having...
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Cash may still be king (for tax purposes, that is)

Posted By: Tom Hood on September 12, 2014 in Uncategorized
Did you know that the cash basis method for tax almost went away? File this under the "What have we done for you lately" category. One of the top reasons we (state CPA societies and the AICPA) exist is to represent our members before the U.S. and state legislatures. Last night, we received notice from the AICPA's Capitol Hill team that one of our major efforts over the past year paid off. The issue was a congressional mandate that would ban the use of the cash-basis method for tax purposes for...
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Our time is finite. Make it count.

Posted By: Bill Sheridan on September 11, 2014 in Leadership / Management
My next-door neighbor is dying. He’s in the end stages of a terminal liver disease, and his wife called me in tears tonight. She wanted me to come over and help her move him from the living room to his bed. I was happy to do so, but it took the help of another neighbor to get the job done. Afterward, we looked at his wife, a scared and devastated woman about half the size of her husband, and a frightening thought hit us: What happens when we leave? How can she possibly take care of her husband...
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We are all in sales now. Here is some help.

Posted By: Tom Hood on September 10, 2014 in Leadership / Management&Training & CPE
The U.S. Bureau of Labor Statistics estimates that one out of nine people are in official "sales" jobs, but something is happening with the other eight of us in today's workforce. We are all in non-sales sales jobs, according to Dan Pink.  That's right — non-sales sales jobs. In fact, the research says the other eight of us spend an average of 41 percent of our time "convincing people to give up something [in exchange] for something you have to offer.” That is an average of...
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Accounting Today names best firms to work for -- and 8 are from Maryland!

Posted By: Tom Hood on September 08, 2014 in Accounting & Auditing&Organizational Development
Accounting Today has released its list of the Best CPA Firms to Work For, and we want to congratulate the Maryland firms who made the list. This annual program is part of the Best Companies Group annual employee surveys to recognize employers (in this case, CPA firms nationally) that are considered the "best places to work." Accounting Today will recognize these at their upcoming Growth & Profitability Summit and in a special issue in their magazine in December. * Berlin, Ramos &...

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