What is Value-Added Tax (VAT)? Should the U.S. Implement a VAT?

VAT

Whether you are a Republican or a Democrat, one of the biggest concerns in today’s U.S. economy is our $19.4 trillion deficit. Both parties have a variety of ideas and theories regarding a solution to reduce the United States deficit. One of the most common theories, however, is the consideration of a Value-Added Tax (VAT).…

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Work Opportunity Tax Credit

Work Opportunity Tax Credit

What is The Work Opportunity Tax Credit (WOTC) and how can this benefit you as an employer?  The WOTC is a Federal tax credit available to employers that hire and retain individuals from certain target groups that face difficulty finding employment.  The WOTC is one of several workforce programs that incentivize workplace diversity while providing…

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Get Interested

Interest Rates

This article was written to help understand what the changing interest rates mean. The Federal Reserve Board has the power to change interest rates and uses this power to affect consumer spending.  When interest rates are low, borrowers are more likely to take out a loan to make big purchases.  Borrowers get to keep more…

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The Steps to Become a CPA

The title of a certified public accountant, or CPA, is one that many view as having a great deal of competence, experience, and being a trusted business advisor. This is due to the fact that becoming a licensed CPA requires the individual to possess these characteristics. There are 3 essential steps to become a licensed…

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Florida State University’s Top Ranking Accounting Program

FSU Logo

In recent years, Florida State University’s accounting program has consistently ranked among the top in the country. With a dedicated staff of professors who are experts in their respective fields, students have a wealth of knowledge available to them in the classroom. However, in order to progress beyond concepts and ideas, real world experiences in…

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Tax Day Prep 2016

IRS

For all of the procrastinators out there, you’ve got 3 extra days to file your 2016 federal tax return. Typically, the tax return filing deadline is on April 15th each year. In 2016, however, the deadline is on April 18th to reflect the Washington D.C. Emancipation Day holiday’s observation on April 15th, as opposed to…

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The Use and Misuse of QuickBooks in Small Businesses

QuickBooks

Prepackaged Accounting Software for general consumption has come a long way in the last 20 years.  One of the top selling accounting software packages is Intuit’s QuickBooks.  QuickBooks was released in 1994 as a “double entry” accounting software.  It quickly became the most popular prepackaged accounting software for small to medium sized businesses and still…

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