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Stress-Free Pay Day With Intuit Online Payroll

And now, for the millions of small businesses that use current versions of QuickBooks Pro, Premier and Enterprise Solutions, Intuit Online Payroll integrates with the accounting software, making it easier to keep finances up to date.

To further reduce anxiety around small business payroll, Intuit Online Payroll is providing a free video tutorial on how to easily setup and run payroll online at www.intuitonlinepayroll.com/video.

"Let's face it, payroll can be a daunting task especially if you're paying your first employee," said Cameron Schmidt of Intuit's Payroll Division. "What businesses want is a simple and easy experience that gives them the confidence that payroll is done right. As the leading provider of small business payroll solutions, we're proud to provide products and educational resources to help small businesses work efficiently and take the stress and worry out of payroll."

Stressful payroll? Intuit Online Payroll can help!

There are three primary ways that Intuit Online Payroll helps small businesses manage their payroll online with accuracy, confidence and ease. more

Motorola to reorganize home and networks unit

N: Quote, Profile, Research) will create three businesses within its home and networks mobility business to focus on the sectors' growth potential, the cell phone maker said.

The home and networks mobility business, led by Dan Moloney, will now comprise three businesses: broadband home solutions, broadband access solutions and cellular networks, the company said.

The unit, which had revenue of $2.4 billion in the first quarter, supplies equipment to telephone companies and cable television companies for voice, data and video services.

The unit previously had been organized as a mixture of businesses, making cable set-top boxes, modems, cable infrastructure and network gear to carry voice and data signals, the Wall Street Journal newspaper said.

"This organizational change will ensure that home and networks mobility remains agile, focused and ideally aligned to realize its growth potential," Motorola said in a statement obtained by Reuters. more

Starwood Hotels business slows

"Business slowed down abruptly in May," Chief Executive Officer Frits van Paasschen said.

America's consumer-led economic slump has hurt demand for Starwood's resorts in the Unites States, Mexico and Italy, and is now hurting U.S. corporate travel, he said.

. more

UPDATE 1-SAP says will reach upper end of 2008 outlook

"We can attribute our strong performance to good overall execution and the continued strength in all three core areas of our business," Chief Executive Henning Kagermann said in a statement.

SAP said on April 30 it saw full-year 2008 software and software-related service revenue increasing in a range of 24-27 percent at constant currencies. It now expects to reach the upper end of that range.

The outlook excludes a revenue write-down from last year's acquisition of Business Objects -- its biggest ever -- of around 180 million euros.

SAP -- whose software helps customers automate, integrate and manage their businesses -- said its SAP business, excluding the contribution from Business Objects, will contribute 12-14 percentage points to this growth. Continued... more

Latest Starting A Cpa Business News

LIL' AL SIMPSON 2010 SEASON PREVIEW - Racing West

2010 promises to be a busy and exciting season for young Camarillo, CA racer Lil AL Simpson. 13 year old Lil AL will split his time in 2010 between driving a USAC Ford Focus Dirt Midget for Kruseman Motorsports and an INEX Legends Car for ProRacing ...

The Problem with Brandon Shelvin - The INDsider

On Monday, when City-Parish Councilman Brandon Shelvin failed to appear in court, 15th Judicial District Court Judge Glenn Everett issued a warrant for his arrest. Court documents confirm that on Jan. 21, Shelvin was personally served by the ...

Flying high — on your dime - The Chronicle Herald

And with sky-high airfares of up to $10,500 each, they don’t appear to be planning to fly economy — or shopping for the lowest price. Details of the planned excursions are ... The ticket prices seem very high, even for business class.

Universal Accounting® Conference Helps Accountants & Bookkeepers ... - PRLog (free press release)

“I attended the 2009 Universal Accounting Conference with the intention of helping my daughter improve her business – but left realizing that I now had enough useful information to apply to my own consulting business,” said Ingrid Cherry from ...

Oakdale Wealth Management on the Investor's Quandary: Reading ... - Biloxi Sun Herald

BOSTON, March 2 -- /PRNewswire/ -- Oakdale Wealth Management is releasing its monthly investment update. Wall Street, businesses, and investors alike all await the next governmental knee-jerk reaction to America's economic woes. Over the past two ...

Why consumers need protection against banks - Marketwatch

NEW YORK (MarketWatch) -- Consumer protection is at or close to the heart of the financial services reform bill being hammered out in Congress. But will a new agency address the problems consumers face when they deal with banks? Senators Christopher ...

Latest News - dBusinessNews.com

APPS FOR EVERYONE ON PALM PRE PLUS AND PALM PIXI PLUS Apps on Palm Smartphones Shine on Verizon Wireless ... Lorraine Ball and Matt Nettleton to teach course on marketing, sales Indianapolis, IN – Local small business experts Lorraine Ball and Matt ...

Candidates separate from the pack; Hopefuls attend town hall debate - The Sun News

About 40 Horry and Georgetown county residents gathered at a day-care center in Litchfield Monday night to hear the three Democratic candidates for the 1st District congressional seat face each other for the first time to answer questions at a town ...

Gloucester's new driving force - Gloucester Daily Times

John and Wendy Nasser are not a couple you'd expect to start a taxicab company. He is a high-end technology careerist with an international background; she is a certified public accountant with a Boston accountancy firm. But the owners of the new ...

Business Briefs - Lompoc Record

Alice Alvarado, employed at the hospital, and My Hulsizer, employed at the Comprehensive Care Center, have been named employees of the quarter at Lompoc Valley Medical Center. Hulsizer is a licensed vocational nurse on the day shift and has worked at ...

Resolved Question: How or where do I establish new business credit?

I am meeting up with a CPA tomorrow to start incorporating my business, this means new EIN and DnB numbers. Where do I start building my business credit? Staples? What companies allow you to start building credit? more

Resolved Question: Am I still employable?

Enrolled Agent with very few clients, BS in Acctg, 53 with 30 plus years of accounting however since 4/01 worked for 1 major client who in 10/07 I terminated due to them hiring inside accountant. Worked for 1 Tax Season in 2008 and since then have not had any luck. My Dilemma: 1. Go back and take CPA even though this doesn't really excite me...all those studying hours again! Course Robert Half consultant told me come back when you have your MBA and CPA...my other issue are my grades in college were below 3.0 so how could I even qualify for Grad School? 2. Try to find temp work since full time is not available since recently was told I do not have quantifiable previous employment history from a Business Careers Consultant. 3. Grow my own practice...course so far I had no made much effort...Why you ask ....worried I will make mistakes ...I know this seems ridiculous since this has been my profession for over 30 years and nobody is perfect.....I am somewhat of a perfectionist! 4. Or get into a New Field...perhaps Financial Advisor...perhaps work at Fred Meyer's! I realized its ONLY UP TO me on which option I should choose however with the Economy today I guess I need to do something soon and just wondering will anyone even consider me since I have been self-employed since 2001? I have a few dollars in savings so not desparate however am now starting to use them....also just recently divorced! Thank you for your sincere criticism! more

Resolved Question: LLC or S-Corp and who can set this up for me?

I am planning on starting a one person business where I would perform on-call physical therapy services either in clinics or in patient's homes. I am trying to decide if it would be best to set up as an LLC or an S-corp. I believe the tax benefits are better as an S-Corp but I want to double check. Would I use a CPA, a business lawyer, or someone else to set this up for me? more

Resolved Question: Question about business careers.?.?

Im a freshman in high school. I know what i want to do and that is business. I didn't know where to start but my grades are good I have honors math and honors history. In math i do really well having an A across the board and in History too. All the rest i get As and Bs. I took Entrepreneurship as my elective this year and i already have my schedule for next year and i took CPA accounting. I doubled up on Geometry and Algebra 2 Honors next year and going to take Calculus my Senior year. I am going to do my internship Junior year and my Cooperative Business Education my Senior year. After i graduate i hit a wall and don't know what to do from then on. Can anyone give me help and your personal experiences? Thanks our help is appreciated!! more

Resolved Question: Questions about a career in business?

Im a freshman in high school. I know what i want to do and that is business. I dint know where to start but my grades are good I have honors math and honors history. In math i do really well having an A across the board and in History too. Al the rest i get As and Bs. I took Entrepreneurship as my elective this yea and i already have my schedule for next year and i took CPA accounting. I doubled up on Geometry and Algebra 2 Honors next year and going to take Calculus my Senior year. I am going to do my internship junior year and my Cooperative business education my Senior year. After i graduate i hit a wall and don't know what to do from then on. Can anyone give me help and your personal experiences? Thanks our help is appreciated!! more

Resolved Question: Small business taxes on multi-member LLC?

Lets say you are one partner out of a five member family business formed in an LLC. No one really put any money into it, you just started working as subcontractors for bigger businesses (construction business). So, all of your books are in order, and you take it all into to a CPA. Your CPA tells you that your books aren't in proper order and small things that were paid for by one member such as state filing fees (only $125) and business cards ($15-$30) must be accounted for as capital for that member. Your idea was to show no initial investment and just claim those costs as a business expense on your personal taxes. Why is the CPA correct? How does that benefit you? And as a first time small business bookkeeper, how to show capital investment for an individual partner on Microsoft Accounting? more

Resolved Question: Would you go to Grad school for Accounting or just pass the CPA license and move to a Non-150 state?

I am currently a sophomore going for a Bachelors degree in Accounting. I want to be a CPA and serve individuals and small businesses in the future. I am highly interested in Taxation. I currently worth with a non-profit organization filing tax returns for low-income indviduals. I currently reside in a state where I am able to take the CPA exam but need 1 more year of accounting grad school to get a CPA license. I have done much research and I have noticed that salary does not have much significance in regards to Grad school vs just a bachelors degree when you are a CPA. I am planning on passing the CPA exam as soon as i graduate with a bachelors, move to a non-150 hour state such California, Colorado, etc and just meet the public accounting experience. I feel like I want to just get the License and start getting real world experience. Someday I want to open my own business but I plan to start ASAP. On my spare time, I keep up with IRS laws and read business books. What do you think? more

Resolved Question: collegeeeee questionnnnn...??? ?

SORRY KINDA LONG PLEASE READ!!!!! so i want to b an accountant for taxes & all that stuff.ik im looking @ about 5 years of college including cpa..i want to know what else i need to take for business administration..would i include in the five years..or will i have 2 go to college for an extra 4 years??thnx oh i also want to have more than one major..what can b my second one..im bilingual..but im in the process of learning more languages..can i work on a second major during my first or will i have to do another 4 years..im only a sophomore in high school but i want to really start deciding where to go towards after i graduate. thnx again more

Resolved Question: Can I be a successful CPA with an MBA and Accounting concentration?

I currently have an undergraduate degree in Business Management, but decided only after I was close to graduation that I wanted to become a CPA. I did take some courses in accounting at the undergraduate level. I have already enrolled in an MBA program with a concentration in Accounting. I just started so I can easily change schools (all 9 of my grad units will transfer to most schools). I have had a couple of people tell me to go with the MBA in Accounting and study/sit for the CPA since I'll have the units (<150/24/24). Others have told me to take an MS in Accounting then sit for the CPA because I'll be specialized in it. I know the MBA is more sought after to climb up a corporate ladder, but I want to be a CPA then a Controller or Manager of Accounting one day. Which is the best for me? What gives me the better competitive edge? more

Resolved Question: Accounting problem!!! Please help, includes jounalization, trial balance?

I've been working on this for over an hour. I'm completely confused. Can someone please help? at least maybe start me off in the right direction? Thanks so much in advance. Jane Kent is a CPA. During the first month of operations of her business, the following events and transactions occurred. May1Kent invested $25,000 cash. 2Hired an secretary-receptionist at a salary of $2,000 per month. 3Purchased $2,500 of supplies on account from Read Supply Company. 7Paid office rent of $900 cash for the month 11Completed a tax assignment and billed client $2,100 for services provided. 12Received $3,500 advance on a management consulting engagement. 17Received cash for $1,200 for services completed for H. Arnold Co. 31Paid secretary-receptionist $2,000 salary for the month. 31Paid 40% of balance due Read Supply Company. Jane uses the following chart of accounts: No. 101 Cash No. 112 Accounts Receivable No. 126 Supplies No. 201 Accounts Payable No. 205 Unearned Revenue No. 301 Jane Kent, Capital No. 400 Service Revenue No. 726 Salaries Expense No. 729 Rent Expenses Instructions: a) Journalize the transaction. b) Post to the ledger accounts c) Prepare a trial balance on May 31, 2010 more

Voting Question: Can a small business get a refund?

I think my dad (69 yrs old) is confused. His CPA for a business that he just started last year advised him last week on what my dad seems to think is a business tax return?? How could this be. I think they are both mistaken. Thanks!He has an LLC. more

Resolved Question: How can I avoid business school and be a successful business owner?

What if I don't want to go back to business school, to get an MBA, CPA, or any other acronym? How can I become a strong entrepreneur? How can I achieve this through books? How can I achieve this through application? Can someone give me the best/basic BOOKS, SYSTEMS, or TO-DO'S to help me get started on the right foot. more

Resolved Question: Becoming a CIA or CPA - no accounting degree - job prospects?

I have a bachelor's degree in political science/pre-law and a master's degree in public services management with public policy concentration. The graduate program is like an MBA program for the public sector. I most recently completed a post-MBA certificate program in auditing because I am interested in it as a career. However, I've taken various accounting and business classes at the local community college since I finished my graduate degree program. I am taking a tax course now. I need 4 more semester hours in business to sit for the CPA exam in Illinois. I started the process to sit for the Certified Internal Auditor exam, and I'd like to get the Cert. Government Auditing Professional designation, too. The CPA designation will be more universal, though. I really want to get out of my current career in social services and get into doing some auditing work. I liked social services but am getting tired of making no money and getting yelled at by people who make more and get welfare. Is not having an accounting degree hurting my chances? I have no audit experience. Would having a credential be best? I can't spend any more money on school...and don't want to. Does anyone think I could get an entry level job now in auditing (maybe with a small CPA firm that does municipal audits, nonprofit audits, etc.). Just wondering about your thoughts... more

Resolved Question: should i apply for internship with the Big 4 if I am not sure if i want to take the CPA exam?

originally i came to my college because of the economics major (am an econ major w/ accounting emphasis). i found that the only relevant firms that come to recruit at my campus are all accounting firms. i'd like to take the opportunity to use the campus recruitment to maybe get some experience in the accounting field. problem is, the Big 4 companies keep mentioning the CPA exams in the internship descriptions (e.g. "meet the minimum requirements to sit the CPA exam before starting full time," "explain how you're planning to pass the exam" etc.). i want to intern with the big 4 since i believe i'll be able to explore different things that may interest me. but it just makes me feel obligated to plan on taking the CPA exam already, even though i still don't know for sure if i absolutely wanna go into accounting. so, should i still apply for internship with the big 4? or will they laugh at me or something if i tell them that i'm not sure yet about the CPA exam? i just can't make that kind of decision yet. i'm also thinking about going for a master's degree (most likely in econ or business)... or should i focus on applying for internship with other accounting firms that don't seem to "pressure" me as much? thanks more

Resolved Question: What taxes do I need to file for my small business?

I am helping a friend with a small business he recently started Nov. 2009. He has no overhead, no employees, & he has charged each customer sales tax. He would like to purchase Quick-Books for this business as well. Right now his main concern is just to be straight on paying all necessary taxes. So my question(s) is: What do we need to do to pay his taxes? Do we pay the state comptroller as well as quarterly business taxes? What is the difference? This is a VERY small business which is very cut & dry. Can we get all necessary forms needed to file online or do we NEED to go to a CPA / H&R block? Please advise... Thanks in advance! Business Location - TexasHe does have a tax ID# & is in business w/ another man. However, neither of them draw pay from the funds. All the "profit" is just sitting in a bank until they are straight w/ the gov / IRS. more

Resolved Question: Quikbooks question ? Easy question, please help..?

New quikbooks & new business owner recently set up chart of accounts, vendors, bank accounts etc with the assistance of a CPA. I just found a bunch of receipts from a lot of things I have recently purchased for my business start up stuff, office supplies etc. I am wondering how I can record these things into my quikbooks account without effecting my bank account balance; as these things were paid for in cash prior to my business bank account being setup. I thought I remember something to do with a journal entry, but I am not sure and I want to be sure I get every possible deduction recorded. Help will be greatly appreciated. Thank You more

Resolved Question: Schedule C / 4562. Need assistance please.?

In 2009 I started a small photography business and have been open for business. Throughout the year my expenses involved equipment purchases as well as fees to set up a website, forms, props, computer, software and some educational expenses, all totaling about 15k. My income for the year was much less than my expenses. What forms do I need to fill out to deduct all of my equipment purchases? At first I thought I just had to do the Schedule C, but then as I started to go through the Sch C, I find out about the Form 4562. I don't see a spot on Sch C for Equipment purchases, where does this go? Thanks for your assistance. I'd like to try to do this myself this year vs. taking it to a CPA which is going to cost me 300-500. more

Voting Question: Schedule C - Pre Business Loss - Supporting Documentation?

Hi, Our tax advisor is out of country. We are seeking your help and advise. IRS is examining our 2007 personal return. They asked us to send supporting documentation for Schedule C expenses we claimed: 1) Other Expenses 2) Vehicle Expenses To give you background, we were in Cleveland, Ohio and exploring for business opportunities in 2007. Initially, from Jan through May, we traveled to Pittsburgh, Cincinnati, Columbus during weekends through some leads. Also we were looking for business through online websites and newspapers. In May, we had found a gas station for sale in about 20 miles from our place. We talked to the seller. Based on what he said, the business seemed promising so we wanted to purchase. He asked us to put a 10k deposit and so he can start training as we had no idea on gas station business. Also he indicated that it may take about 4 - 6 months to transfer ownership as its a name brand gas franchise. We believed his words and put a $10K deposit with a bill of sale agreement and started training and paperwork with the franchise to transfer ownership. We had gone to the franchise corporate office for interview and exams as well. The seller promised that we can get our deposit back if we back out or transfer process doesn't go through. From May through September we had training almost everyday. It seemed like business wasn't doing very well due to competition on the other corner. Before proceeding further (its already too late :-), we decided to go to a CPA and get his previous tax returns verified. We went to a local CPA, showed his tax papers, paid $75 towards consultation fee, she suggested not to buy the gas station as it had liabilities. Next day, we went to the seller and told him that we wanted to backout. He agreed to give our money back after few days. So went to him a few times. He said he can give in multiple payments, so he gave a check for $2,500. We deposited the check in a local bank but it was bounced. We tried sending emails, calling, and went in person. But he said he cannot give our money. We wanted to give him some time and try again. But he never gave our money back. When we were doing taxes for 2007, we explained all this to our tax advisor, he suggested to claim all this a pre business expenditure (loss) on a schedule C as follows: Other expenses: $10K (deposit lost) + $75 (CPA consultation fee) Vehicle expenses: all miles travelled However we do have check images to support other expenses. Also we do have vehicle service records avaialble to support the vehicle miles log (Dec 2006, Apr 2007, Dec 2007). IRS asked us to send completed business questionnaire plus vehicle information as well. We've all the information but not sure how to put all this together. Kindly suggest the approach. Sincerely, Ram & Yash more

Voting Question: DBA business, filing taxes?

I recently started my own business under a DBA with my SS# in the state of Texas. I obtained a Sales Tax I.D, and an EIN#. Even though most of the business income is non-taxable. (Graphic Design), the sales tax was obtained for the purposes of re-selling print which to this point none has been made. Now, filling taxes is coming up, and I'm going to contact a CPA, however I will like to know how my taxes will be managed. Will I have to declare the business income in my PERSONAL tax filling? or separate. Thank You in advance for your help more

Resolved Question: how do i get an internship for accounting/business?

I am a freshman, just finished my first semester. I am a business major but have no declared a concentration. Ive taken macroecon and a business computer course. I want to find an internship for maybe accounting or marketing but i dont know where to start. My friends mom works for Ernst & young and i asked her to help me out. I know how to use Excel, word, powerpoint. Im thinking about going to a CPA's small business and seeing what i can do there. Additionally ill be volunteering for the IRS in the spring for tax returns, i think thatll make my resume look better. What do you think? more

Resolved Question: Can I write off stuff as a sole-proprietor?

I'm 24, male, and I live in California the last year (I moved here in January). About the same time in january I got a crappy job, and then starting making money as an online advertiser from home (buying ad-space on google and whatnot). Now, almost 1 year later I have made probably 30k revenue (although for the first 6 months I wasn't making real money at all, I had that crappy job then I quit when I started making several thousand a month). The problem is I haven't kept up with my finances and now I need to go through and find how much I owe in taxes. I do NOT have a business entity set up (yet). I don't have an llc, s-corp, etc.. I'm just a sole individual. During this period I also had 2 incidents where I went to the ER twice which cost about $7 or 8k (I don't have insurance), a business trip to vegas Which cost 1-2k and some other things. My question is, being male, 24, single, no business entity, living in california... 1. Can I write off my large medical bills as an expense so that I don't have to count it towards the profit/income that I need to pay taxes on? 2. Can I write off all the other things that have to do with business.. such as the vegas business trip, a portion of my rent, a portion of my cellphone bill, a portion of my food, etc? Someone told me unless I have a business entity (not a sole proprietor) I can't write anything off.. it's all counting as income, whether its a medical bill or biz expense or whatever. Another person told me though that I can in fact do that. Anyone have any tips? I plan to get a CPA so I don't need to ask on yahoo answers (lol), but a 100% positive answer by someone would really help ease my tension in case I end up having to pay taxes on all those medical bills. Thanks more

Resolved Question: Best accounting software for start-up LLC ?

A gentleman and myself are starting up another company, in the form of an LLC, and wanted your opinion on what you feel to be the best accounting software to be used with a small startup business. I've heard of titles such as Peachtree Complete Accounting, Quickbooks Premiere Pro, etc. Have you used any of these popular titles, and if so, why do you like it so much for your small business? (Pros & Cons) I'm the co-founder & CEO of an S corporation of which we hire a CPA to do all of our accounting work. We believe with this much smaller business startup model, we shouldn't be needing to spend the funds on hiring another CPA to do the work for this company, as we should be able to do it ourselves, but with the assistance of software recommendations made by you! more

Voting Question: Accounting Minor and CPA?

Hi! Can anybody give me a suggestion on which accounting class to take next? I have taken principles of accounting I & II and have a business degree. I am considering taking some accounting classes to study for the CPA. What class would be recommended to start off with? I have been considering Federal Income Tax Accounting or Cost Accounting. I would like to start out with an accounting class that is not too difficult then I can work my up to the more complex ones. -Crystal Guzman more

Voting Question: If I can't afford a CPA, then who or what should do my taxes?

For those of us in the lower marginal brackets, who should we let do our taxes? Up to this point, the overriding response (which I greatly appreciate, naysayers included) has been that CD-ROMS are still as innacurrate as the person deciding where the input goes, tax preparers in most states still not need licensing, therefore they are totally unreliable and unverifiable, and even large firms like H&R Block are still abound with errors. If all the aforementioned is correct, then who do I go to if I cannot afford a CPA? Apparently, any alternative to a CPA is no good. While this may be true, the majority of people will never use a CPA unless they absolutely have to, and can afford to do so. So, what if I want to do taxes and I have an accounting degree and one year tax experience, plus 5+ years of online preparation for myself and my family, plus drive and ability? Should I schlep around H&R Block when they are comfortable selling software to the unknowing and uneducated taxpayer? Should I try to work for some tax office whose manager has a GED and a gold tooth? What if these are my only alternatives to starting my own tax business? What if I have a family to feed? What if no CPA firm is currently hiring college graduates? What if I have IRS training, familiarity with a reputable software, produced by company who has a customer-service hotline, and I turn down taxpayers who require a very complex return. What if I could access a large, large base of potential clients with a couple of newspaper advertisements? Could I pull it off? Would I be probably end up being sued? What if I was the most ethical person you ever met? What if I was vehimately opposed to corrupt or questionable tax schemes? And, I made a consicous effort to not prepare returns that were too complex. (Remember, I am an accountant, I have had several tax and business classes, I have been exposed and tested on many tax issues, albeit some more difficult than others.) But, can it work if I work my ass off, I research whenever I get confused, I take proactive steps to limit any errors (such as I'm doing now), and I make sure to remain as professional to my clients as one would expect? Then what? Could it work? Remember, I'm planning on targeting a very large potential customer pool, in several cities. What are my odds? If so many others are doing it (GED and Gold Tooth), why cant I? Please, all opinions are sincerely appreciated. Even if you think I'm still a total idiot, I still really appreciate your opinion, so long as you rationalize. Anyways, thanks again for all your great answers. Please keep em coming. more

Resolved Question: Running Payroll one time for c-corp?

I have c-corp incorporated in jan2009 (TEXAS state) and started generating revenue since may 2009. I did not run any payroll so far and I am the only employee. as its end of the year now what are my options? can I run one time payroll for all the money. Is it possible to convert to s-corp now? are there any benefits? one CPA told me I would be paying hefty taxes as i did not run payroll being on a c-corp. he adviced me to run one-time payroll of all the balance in the business account(as much as possible) before end of the year please advise..Yes I got bad advise. very bad one. I should have called a CPA first. How do i run payroll? Will ADP or Paychex or any other payroll companies do it? more

Resolved Question: Wanting to get married at 18, it's only been 6 months. Help!?

First of all, I guess I'll explain some things. I am 18 years old (I'll be 19 in January), I go to a local community college (transferring to a university an hour and a half away in 2 years to study pharmacy). I work as a pharmacy technician and I make pretty good money. Currently I live with my parents. My boyfriend is 22, goes to a university here for business and will be done with his degree in a year. He'll be a CPA. We work together. We've been together for 6 months now, but I've known him for almost 3 years. For some crazy reason, I feel like I want to get married. I'm not sure if it's because I'm in college now or what. I am truly in love with him...he makes me want to be better person, he makes me feel great about myself, he's understanding, and he says he's never loved anyone the way he loves me. We started saying I love you after 3 months, if that matters at all. I've never felt this way before EVER. I'm talking about the way I feel about my boyfriend and my urge to get married. I've been feeling about this for 3 weeks. He says these things to me that make me think he might feel the same way, like "I'll never leave you," "You're the best thing that's ever happened to me," and "I can't imagine my life without you." I am so in love with him. I can imagine myself spending the rest of my life together with him. Currently we don't live together and I would definitely want to move in with before anything like that would happen. Also, I'm not exactly saying that I want to get engaged tomorrow and marry him next week. I guess I sorta mean, if we got engaged, it would probably be a year or two before we actually got married. Because I would want to live with him for a while before that happened. But do you think 6 months is too soon to get engaged? I'm scared to bring this up. Well, actually, I would never come out and say "Hey, let's get married!" I'm not that crazy. But I kinda want to say something to lead him in that direction, like the things he says to me. Maybe something along the lines of "I don't ever want to be without you." And see what he says. My questions are: Why do I feel this way? I've dated people for much longer than 6 months and it's been serious and I've never thought about wanting to marry them. Is this normal? I'm only 18! Is it too soon to have these feelings? Has anyone else had these feelings at a young age and had it work out? And could it be hormones?! Thank you for your time. more

Resolved Question: Should I take the GMAT and go to Grad school now, or get work experience first?

I am graduating this spring with a bachelor's degree in accounting. I am starting to consider my options for graduate school. I noticed that the "avg age" of many MBA students entering grad school is 28 at top tier business schools. Should I still try to go straight to grad school, or get work experience first? I may only be going for one year to get the Masters in accounting in order to become a CPA more

Resolved Question: CPA exam requirement?

Hi.. I like to prepare CPA exam.. I live in Colorado.. My friend said I need some requirement before taking the exam.. 1. I have to graduate from college. 2. I need about 27 hours accounting or business courses credits.. 3. I should take one of audit courses.. Are they true?? 1. I heard I can take the first exam 2 months before graduating from college. 2. Before taking 27 credits, can't I start taking the Exam?? 3. I can't find any website say I have to take an audit course from my college..I know one of four CPA exams is Audit..so, I better take one of audit course..but Taking audit is requirement?? Thanks.. more

Resolved Question: Accounting and CPA Question?

I am going to start pursuing a bachelors in accounting. I was doing research and then came across info about becoming a CPA. What steps do I need to take to become a CPA in the state of Florida or in general? (Just so you know my husband is in the Air Force. Im not sure when he is getting out. But I just want to have my degree and License lined up when he decides to leave later on down the road. I know he doesnt want to stay in forever and make a career out of it. But we're looking at about 10 years in the service or a little less, about 8.) Extra Info. These are the courses that I must take at the college for me to get my bachelors in accounting: Accounting Major Courses First Courses (to be taken within the first 18 credits) Note: Placement tests are required for math and writing courses. LIBS 150 Information Literacy and Research Methods (1) WRTG 101/101X Introduction to Writing (3) MATH 103 College Mathematics (3) or MATH 107 College Algebra or a higher-level math course BMGT 110 Introduction to Business and Management 3 (strongly recommended elective for students with no prior business experience) ACCT 220 Principles of Accounting I (3) Introductory Courses (to be taken within the first 30 credits) ACCT 221 Principles of Accounting II (3) ECON 201 Principles of Macroeconomics (3) (related requirement for the major; also fulfills the first general education requirement in behavioral and social sciences.) NSCI 100 Introduction to Physical Science (3) and NSCI 101 Physical Science Laboratory (1) or other course(s) to fulfill the general education requirement in biological and physical sciences with related laboratory WRTG 291 Expository and Research Writing (3) or other course to fulfill the general education requirement in communications/writing IFSM 201 Introduction to Computer-Based Systems (3) or CMST 303 Advanced Application Software Foundation Courses (to be taken within the first 60 credits) PHIL 140 Contemporary Moral Issues (3) or other ARTH, ARTT, HIST, HUMN, MUSC, PHIL, THET, dance, literature, or foreign language course to fulfill the first general education requirement in arts and humanities STAT 230 Business Statistics (3) or STAT 200 Introduction to Statistics ECON 203 Principles of Microeconomics (3) (related requirement for accounting major) PSYC 100 Introduction to Psychology (3) or SOCY 100 Introduction to Sociology or other course to fulfill the second general education requirement in behavioral and social sciences (discipline must differ from first) BIOL 101 Concepts of Biology (3) or ASTR 100 Introduction to Astronomy or other course to fulfill the general education requirement in biological and physical sciences ACCT 310 Intermediate Accounting I (3) HIST 142 Western Civilization II (3) or HIST 157 History of the United States Since 1865 or other ARTH or HIST course to fulfill the general education requirement in arts and humanities for the historical perspective (discipline must differ from other humanities course) ACCT 321 Cost Accounting (3) SPCH 100 Foundations of Speech Communication (3) or SPCH 101 Introduction to Public Speaking or other course to fulfill the general education requirement in communications/writing or speech ACCT 326 Accounting Information Systems (3) or IFSM 300 Information Systems in Organizations (fulfills the interdisciplinary issues/computing requirement; students should note prerequisites) Additional Required Courses (to be taken after introductory and foundation courses) BMGT 364 Management and Organization Theory (3) ACCT 311 Intermediate Accounting II (3) ACCT 323 Federal Income Tax I (3) BMGT 496 Business Ethics (3) ACCT 422 Auditing Theory and Practice (3) WRTG 394/394X Advanced Business Writing (3) or other course to fulfill the upper-level advanced writing requirement ACCT 424 Advanced Accounting 3 or other course to fulfill the major requirement for upper-level coursework (See Requirements for the Major) ACCT 425 International Accounting (3) or other course to fulfill the major requirement for upper-level coursework (See Requirements for the Major) FINC 330 Business Finance (3) ACCT 436 Internal Auditing (3) or other supplemental major course (See Requirements for the Major) BMGT 380 Business Law I (3) ACCT 427 Advanced Auditing (3) or other supplemental major course (See Requirements for the Major) MRKT 310 Marketing Principles (3) Capstone Course for Major (to be taken in last 15 credits) ACCT 495 Contemporary Issues in Accounting Practice (3) Additional Elective Courses (to be taken in last 60 credits along with required major courses) 19 Total credits for BS in accounting 120 more

Resolved Question: About CPA exam requirement..?

Resolved Question: Chances of being audited by the IRS?

I run a very small business from home that is prob going to make no more than 8,000 my first year. I just started it early this year and will be having a CPA handle everything for me (even if I can do it myself I'd rather have it done right for sure) but I'm a little freaked out about getting audited bcause a friend told me people filing Schedule C forms tend to get audited alot. I have good records of payments but my bank account is messy and I don't want to have to deal with an audit. If I'm single, not claiming EIC (im not old enough), and have only about $300 of business expenses... What're my chances of being audited? I'm stressing out thinking about it now.Oh and I live in an apartment with a roommate and dont have any dependents or anything to claim on my personal 1040 return either. more

Resolved Question: BBA in accounting and business administration w/ MBA in Finance or Bus Admin OR BS in Business Admin?

I'm enrolling back in college and making a fresh start. I have narrowed my focus to be in the financial world. I'm curious about a few things. I have a friend who is attending the University of Arkansas and she's going to be a Certified Public Accountant; she said to be a CPA in Arkansas, you need a bachelors in Accounting and Business Administration or a Masters in Accounting; though the two bachelors would take less time. I am thinking about doing that for now, but not sure what I want to do with them. I was thinking of possibly getting an MBA in Business Administration or in Accounting or Finance. On the other hand, I was thinking of attending Rogers State University and getting a BS in Business Administration and the options would be in Accounting, Entrepreneurship, Forensic Accounting, Human Resources Management, Management, Manufacturing Management, and Marketing. Is there a more clear choice to go with on these? I'm confused. What types of jobs can be opened with these plans? I'm not committed to just any particular job, I was just wanting something in the financial industry because I think it's exciting. Any idea of salary types these degrees bring? P.S. Would a clear degree in Finance be a better choice than either? I've heard that Finance only is a bit more narrower than the above. Any help is appreciated. I didn't mention it, but I would also be attending U of A for the above degree and RSU below for the other. Would either school be better than the other as far as going for the degree and jobs? more

Resolved Question: can you start a bookkeeping business with an associate degree in accounting .?

hello guys , i will be graduating from a community college this semester with an associate degree in accounting.i am 20 years old. can i start my own book keeping business.i am not asking about CPA business. i know for cpa i need license. more

Voting Question: Profession targeted degrees vs. other degrees? Let me hear your opinion?

Hi all, Here's the thing. When it comes to education and what to study, I am in a bit of a pickle. I am 23 years old, and I still haven't found out what I want to study yet. I only have some light ideas about what I maybe would like to do. I have this strange way of looking at it, some might call it very "black and white", which I agree with. Cause basically, in my mind you can go and study a somewhat more profession-targeted degree which makes you end up with a specific profession, such as accountant, lawyer, attorney, doctor for instance. These sort of educations require, in my world, that you go and do a degree in accountancy, law or medicine, and you will then end up with a profession which you can go out and use, straight after university, and actually work. In other words, you study to actually become an accountant, or studying to become a lawyer, or a doctor etc. On the other hand, you have the more "liberal" sorts of degrees. I am tempted to call them "floater" degrees, because in my world they don't really necessary prepare you for a certain profession. For instance, business administration, art, social studies, finance, marketing, economics etc. When you finish a degree within these areas, you don't really come out with a direct profession. You graduate with a specific knowledge within a certain area, which you may or may not like to work within - and then what? You will not be able to call yourself a lawyer, CPA, doctor etc, so I am a bit confused with exactly what I, as an individual, need to choose since I do not have a specific long term ambition of what I want to become. The problem here also is, I do not wish to become either an accountant, lawyer or a doctor, since none of these professions really cover my field of interest. I am a creative mind, I am very interested in film, media, photography, art, fashion and design in general, and I also have a somewhat entrepreneurial drive. However, I am also very interested in money and business, and I like to work within a field that has a certain amount of seriousness to it, otherwise I am not able to take it serious myself, and I quickly lose interest. And, I also want to do something that allows me to live and work within a big international metropolis (such as New York, LA, London etc.), I love to be out in the big world, and I love to be in a place with a certain pulse to it. (I am from Denmark, and we don't really get that much of that kind of stuff around here, which is why I have been traveling for the last two years). So, as you might have discovered already, I am quite confused, and also quite stressed since I really want to get started soon, but don't want to make the wrong decision either. How do you guys look at profession-targeted degrees vs. other "floater" degrees? All inputs are interesting. Thanks, Daniel from Denmark more

Resolved Question: Many School Related Questions?

Hey guys, I am entering my senior year in high school and I have my eyes set on going to the University of Washington next year. I don't know if any of you guys have heard of the running start program in the state of Washington but it basically allows high school students to attend classes at local community colleges and gain college and high school credits at the same time. I will have my associates degree from college a few months before I graduate from high school. Afterwards I will go into UW as a mid-year junior. I looked at the degree programs at the University of Washington and I've decided that I will pursue an undergraduate business degree in both finance and accounting. Before I enter the workforce I might also earn a masters degree in accounting and get CPA certified as well. From the looks of things, I should complete those three degrees and get cpa certified by the time I am 21 years old or 22 at the oldest. This leads me to a few questions: 1) After I earn those degrees, will my young age hinder my ability to be competitive with older applicants who are searching for the same jobs as me? I was speaking with my father a while ago and he said that I might have a harder time being competitive due to the lack of maturity and world experience I may have compared to older job seekers. 2) Once I get my degrees from UW, I plan to work a few years and come back and earn an MBA; hopefully from a top 10 or even a top 5 program such as Stanford, MIT, Michigan, etc. Do these high end programs place a large emphasis on where I earned my previous degrees? UW has a good undergraduate business program. It is ranked 21st overall in the nation by U.S. News and its accounting program ranks 14th in the nation. However the entire business school is only ranked 33rd overall by BusinessWeek. If I finish at UW with a decent GPA (3.5 or higher) would I stand a good chance at being able to earn an MBA from one of the top programs later on? Or would MBA programs prefer that I have my undergraduate studies completed at a stronger program? 3) Any opinions on fraternities? Although I have heard mixed opinions about them I am definitely leaning towards joining a fraternity while I am a student there. From what I understand, most people that have been in fraternities don't regret it. It looks good on a resume, you get to meet more people than most other students would be able to, you get to do community services and activities, and I've heard the parties are awesome. My only major concern is the hazing. All of your answers would be greatly appreciated. I've tried finding the answers to my first two questions and I just don't know where to begin looking for them. However I understand a bit about fraternities and I just want to get more opinions on them. Thankyou! Sincerely, Hard Working Student more

Voting Question: When do I establish a business bank account?

I am starting a home based business from my home in NJ and recently incorporated my company in the state of Deleware. Building business credit witout using PG is one of my primary goals for operating my business that does not have a lot of start up capital. When do I establish a business bank account? My CPA told me right away and also apply from a credit card with PG. What are your thoughts? I think there is alot of fruit in this blog to help business owners get on the rigth track. Thank you. more

Voting Question: Career Change: Accounting Job?

Hi, I have a BA in Economics with a 3.4 GPA from a top three liberal arts college in the US. Originally, I wanted to go into i-bank for two years, and then studied for a CFA. Due to the recession, I didn't make the cut for an entry level analyst job. Therefore, I decided to start my own investment business for the past two years, and had done extremely well. Due to the nature of my business, I think it is a great idea to be a CPA and understand all of the tax details in the US. At this moment, I am considering of getting 30 credit hours of accounting courses at a community college. For the professionals and seasoned vets here, what is my best course of action after getting my 30 credit hours of accounting courses? Thanks for taking the time to read and answer my question. I look forward to hearing from you soon.Doctor Deth, Why are you so judgmental? Why are you making too many assumptions? My liberal arts education is fine. I dont regret a moment of it. As for the CPA requirements, since I am an Econ major, I have filled up the 24 credit hours for business courses. Now, I just need to fill the 24 credit hours for core accounting courses. Despite your belief, I am able to find all of the courses being offered at a community college. more

Resolved Question: Is it worth becoming a CPA?

Here is my delima. I spent 9 years in the banking industry. I started as a telephone sales rep out of college. I worked as Private Banker for sever years, then moved on to become a commercial lender for a few years. I was laid off when the economy started going south, in April of 2008. I searched all around for a new banking gig for over a year. I finally decided it was time for a career change. I am now teaching business courses at a university in China. I would like to move back to the states soon, but there are no opportunities in my field. So, I am wondering if it would be worth the time and effort to go back and take the necessary courses to become a CPA. How long would it take? I have a degree in Psychology and an MBA. I'm now 35 years old. I am thinking it would take a while. Is it worth it? more

Resolved Question: Accounting careers and majors?

I live in New York. I'm a senior in high school and I'm not completely sure what I want to do yet. I was thinking about becoming an accountant but when I researched it, I found out that they only get around $40,000 per year. I don't really want to go to college for more than 6 years. I was hoping to find a career that was in the business field and pays at least $80,000 out of college. As for the accounting part, if I were to go to college as an accounting major and get my MBA and become a CPA, how much do you think my starting salary would be? What are some business careers that require no more than 6 years of college and pay at least $80,000 right out of college? more

Resolved Question: Accounting question! Please help!!?

So I just started college and Im an Accounting major. When I graduate shouldnt my degree be bachelors in Accounting. Well apparently not because when I checked my Student Account info it said that I am majoring in Accounting BUT im in a -BS IN BUSINESS ADMIN PROGRAM - why is it <that instead of bachelors in Accounting. Does it change when I take the CPA exam or is it just that the school does not provide it? I really do not want a degree in Business admin because I have been told that it is really useless. I want to get my degree in ACCOUNTING not just a concentration and I am really confused as to what to do. please help.. should I change schools. more

Resolved Question: Audited Financial Statements?

I am starting a business in which we are using a "Regulation A" exemption to offer securities directly to the public. However, several states require we have financial statements audited by an independent CPA... Here is my question: We are a start-up company with no operating history, accounts, investments or expenses.... What is there to audit? more

Resolved Question: What should I major in?

I am having trouble deciding what would be the best major. I know what it is that I want/would like to do but am not sure of the best path to get there. I am 3rd year senior and married. Currently I am a hospitality management major at Northern Michigan University. The program here is awful in my opinion. I am married and although we are not looking to start a family just yet, whatever degree I do get would have to be compatible with a stay at home mom in the future. I have dabbled with the idea of accounting to be a CPA or getting a degree in management or business. I am interested in catering. I am NOT willing to skip out on my degree like my husband would like me to so that I can start a business now, that is just not an option, especially since we have not settled down where we are going to start our family yet. I know that there are so many possibilities out there but I'm just not sure! Also, if you suggest a major, could you also suggest some schools that would be good to attend for that degree? We are not opposed and actually would prefer to leave NMU. (even though it is ABSOLUTELY gorgeous here!!!) thank you so much for your help I have been struggling with this for about 6-8 months now.Although I am a 3rd year senior, it is because I have all my liberals done and have alot of credits, not because I am almost done with my degree. more

Resolved Question: Certified Public Accountant Salary?

What is the average starting salary for a CPA working for a Big 4 Firm that graduated from Mccombs Business school from the University of Texas? What is the salary about after a few years of experience? Also, how hard is it to advance to a better position? more

Resolved Question: CPA or CPA candidates help! Advanced accounting? or Auditing (Financial)?

Hi. I have a bachelor's degree (not accounting or business-related major). Although I don't have accounting major degree I took lots of accounting and business-related classes at Junior College and University after transfer. I did look at my college transcripts and found out that I only have 3 units left to meet educational requirements (accounting 24 units, business-related 24 units). And I'm thinking about to take "Advanced accounting" or "Auditing (Financial)" class at an accredited education institute. I took "Principle of accounting 1 and 2", "Intermediate accounting", "Federal Income tax", "Cost Accounting". And I'm eligible to take both Advanced accounting and Auditing class. But I only want to take one of them due to money issue. And then from next year I want to start review courses either Becker or Wiley. Which class do you recommend me to take? Advanced accounting or Auditing? Thanks more

Resolved Question: What does it take to become an accountant?

I have a BBA in General Business and have just started a career as a loan officer with a finance company. I am clearly not a salesperson and would like to pursue a career in a more number "crunching" area. I always thought that accounting would be a good route to go, but I can honestly say I'm not too sure what exactly accountants do on a daily basis. If I were to pursue that type of career what would be my next step? Do I have to get an MBA first then CPA, or do I even need to do the CPA? OR any other suggestions on jobs related to this field that someone may have is greatly appreciated. I seem to have graduated with a degree and now struggling with finding my direction. Thanks! more

Resolved Question: Why outsource a PEO firm over a CPA and Accounting firm?

I just started my business with about 20 people and currently use Talent HR Solutions, a PEO firm, to handle all of my HR Administration which includes pay rolling, staffing, medical and worker's comp insurances. These guys have the lowest rates and are the best compared to their competitors in Honolulu, Hawaii. Has anyone had good or bad experiences with PEO firms? more

Resolved Question: How can I write a convincing finance resume where my experience looks mixed (but isn't)?

I left college for financial reasons many years ago and do not have a degree. I have overseen staffs of college grads, have been a coach and mentor to many, and am more well versed in business than the vast majority of graduates. I am currently working on my accounting degree, but will need to find work before I finish school. I have 7 years of international trade experience, including 5 in management that I do not include on my resume because it is old. I am 40 and looking for work in banking or finance. Current resume information: 1.Director of Operations / General Manager -- I managed a division of a co. for 1.5 years. Started as a temporary clerical position. I salvaged a major account by negotiating a compromise with an irate salesperson and the client. I began doing accounting and found systematic cheating by a large client. The financial materials I prepared to address this resulted in prompt payment of $200,000+. I then took over a failing division of the company and within 7 months the division was profitable. It was sold to someone with an MBA and extensive industry experience and within 6 months the company was bankrupt. The parent company was part of the dot com crash of 2000 and I was again looking for work. 2.Accounting (interim position for an insurance company). Spent a year there before, an urgent personal matter forced me to move on short notice (family related). The president of the insurance division gave me a glowing review and dozens of contacts where I would be moving including members of her family. 3.Wine Distributor, 14 months. Interim position taken immediately after arriving in my hometown. I worked independently for a company several hundred miles away, and reintroduced the company and its brands to this smaller local market with great success. 4.Finance / Credit Analysis / VP I was invivted to join a finance company (commercial leasing / lending). I became an officer of the company and built a significant clientele from scratch and generated the majority of the company's revenue. I was there 6 years before market conditions soured and all staff other than the president and a part-time CPA were cut. I am having trouble writing a resume that adequately conveys my accounting, business development, and management background. I am also having difficulty getting responses to my applications. Advice? more

Resolved Question: Accounting question!?

Please help me with this question: How should I advise my boss? For sure he will also ask his lawyer/CPA, but I would like to have an idea of what the best course would be so I look smarter than I actually am. He owns two companies: Company A and Company B. Company A is doing relatively well, and is at least turning a profit. Company B is in the pits...it's a small business that has over 100k in losses so far this year. That's pretty bad, since it costs about 200k a year to run the place (rent, payroll, etc) I keep the books for Company B (it's not my fault... it is just the wrong time to open a business like that in the middle of a recession.) My boss keeps the books for Company A. Company A is going to start paying expenses for Company B, such as rent, insurance, and payroll. What is the best way to keep this organized? He doesn't want to have to write checks to Company B, because he's a busy man that spends a lot of time out of the country. He also wants to show more expenses in Company A for tax reasons. Can someone tell me how to keep this organized? I use quickbooks. more

Resolved Question: Should I get my associates degree before I get my bachelors since I have a GED?

I go to a community college and get very good grades. I plan to transfer to a state university and I know I will be accepted to the BA of Business Program. My major is accounting and I plan to obtain my CPA. However, I did make a mistake and drop out of high school and I don't want that to effect my future resume too bad. I know that having my Associates will look good but only half of the classes will transfer to the BA. I am worried about starting over when I transfer to the university. From a professional opinion, what should I do? more

Resolved Question: What are the prospects of Bachelor of Business in accounting for doing CPA AUSTRALIA?

Hi............ I have recently completed year 12... now I am going to start my bachelors course of business in accounting ..that is B.Bus( Accounting ).........after that I plan to go for CPA australia exams....Can anyone tell that what are the chances of an aussie graduate with accounting qualifications becoming a CPA?? Well, is it still very tough or can a average student do it?? Thanks a lot more