The city of Fountain was awarded a certificate of achievement for excellence in financial reporting by the Government Finance Officers Association of the United States and Canada. Fountain received the award for its comprehensive annual financial report. The certificate is the highest form of recognition in the field of governmental accounting and financial reporting. The [...] [...]
If small business owners take some time this month to review their 2012 business and tax plans, it could mean a little more money in their pockets next year. Local accountants and small business specialists are offering a few end-of-year tax tips. Stockman Kast Ryan accountant Cheryl Solze says keep first things first. “No matter [...] [...]
by Monica Mendoza Published: August 26,2011
Tags: Accounting
They’ve been called boring bean counters. They get asked if their favorite fashion accessories are green visors and pocket protectors. They are the butt of jokes on countless websites and their work traits are now slogans on T-shirt and coffee mugs. They are accountants. “I’m damn proud of it,” said Tad Goodenbour, certified public accountant [...] [...]
A computer system considered the backbone of Colorado’s financial workings is outdated and could trigger a failure that would prevent critical governmental transactions, according to a report released Monday. A collapse of the Colorado Financial Reporting System, known as COFRS, would paralyze the state’s ability to perform several key functions, including processing checks to vendors [...] [...]
Economists and businesspeople alike claim that numbers tell all. You can hide a problem, you can rationalize around it, you can even pretend it isn’t there. By the end of the month or the quarter, the numbers will tell the truth, the whole, truth, and nothing but the truth — unless you cook the books. [...] [...]
By Teresa Carson Savvy business executives don’t like to leave money on the table, but few are taking advantage of big tax breaks available to companies located in Enterprise Zones. The EZ program provides tax incentives to encourage businesses to locate, expand and invest in areas of the state that are designated “economically distressed.” The [...] [...]
WASHINGTON (AP) – The board that sets U.S. accounting standards on Thursday gave companies more leeway when valuing assets and reporting losses, providing a potential boost to battered banks’ balance sheets.The independent Financial Accounting Standards Board voted to adopt new guidelines under the so-called mark-to-market accounting rules, which require companies to value assets at prices [...] [...]
The National Association for the Self-Employed is encouraging small business owners to get an early jump on their taxes with top tax tips for 2008. Among the tips are: Visit www.NASE.org or www.IRS.gov to determine whether you should have your taxes calculated professionally. Determine whether cash or accrual accounting is best for your business. Always [...] [...]
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