Below please find daily updates pertaining to the latest in financial, business, and tax news:

9 in 10 US Internal Auditors Received Pay Raises in 2014: Report

Wed Oct 01 13:31:13 PDT 2014

2014 has marked the fifth consecutive year in which the percentage of US-based internal auditors who earned bigger paychecks increased, according to a new study from the Institute of Internal Auditors....

Small Business Owners Have a Good Feeling About 2015: Survey

Wed Oct 01 11:28:19 PDT 2014

A new survey from online accounting software provider Xero found that nearly 90 percent of small businesses are forecasting an increase in revenues next year, while 21 percent are expecting growth of more than 100 percent....

How to Get the Most from Medical Deductions

Wed Oct 01 09:50:42 PDT 2014

The law makes it hard for itemizers to deduct medical expenses, and the AGI limits are high. But there are some workarounds that can give taxpayers a break even when they think they're ineligible....

Bramwell?s Lunch Beat: IRS Tax Subsidy Rules Take Another Hit in Court

Wed Oct 01 09:30:35 PDT 2014

The menu for Oct. 1 features specials on drug makers are using another tactic to cut tax bills, FASB simplification project sees early support, IRS collection efforts again under scrutiny, and more....

Auditing Special Purpose Frameworks: Accounts Payable and More

Wed Oct 01 04:35:09 PDT 2014

Covered here are accounts payable, accrued expenses, long-term debt, and pension obligations; note that differences may arise in the future for capitalized lease obligations....

IRS to Issue EITC Due Diligence Letters Next Month

Tue Sep 30 10:50:17 PDT 2014

Starting in October, the IRS will send warning letters to tax return preparers who appear not to be complying with the Earned Income Tax Credit due diligence requirements. ...

The 3 Answers for an Anxiety-Free Cloud Move

Tue Sep 30 09:49:53 PDT 2014

CPA firms have increased their adoption of business-grade cloud technology but still have reservations that prevent more pronounced adoption rates. However, they don't need to worry....

Bramwell?s Lunch Beat: BofA Smacked with $7.65M SEC Fine Over Accounting Flub

Tue Sep 30 09:31:35 PDT 2014

The menu for Sept. 30 features specials on BKD LLP and Wolf & Co. merge, EU reveals details of Ireland/Apple tax probe, Indian citizens can now take the CPA Exam in the Middle East, and more....

Two Accounting Firms Win Awards for Happy Employees

Tue Sep 30 04:16:12 PDT 2014

We've probably all worked for soul-sucking managers who expect employees to work 24/7. But you won't find them at these two firms, which have managed to create award-winning work environments. ...

TIGTA Finds Flaw in IRS Collection Efforts for Unpaid Taxes

Mon Sep 29 14:44:39 PDT 2014

In a report released on Monday, the IRS watchdog found that the tax agency may not be completing the required research steps in collecting delinquent taxes before considering the cases ?not collectible.?...

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