accounting
A Simple Tax Cut – Or Not!
Great news for wage earners – Congress has passed a bill that temporally extends the 2% reduction in the employee portion of FICA taxes. Of course, they did not make it that simple. For individuals that earn more than $18,350 … read more
Overview of Uniform Capitalization
The uniform capitalization rules (UNICAP) require a business to capitalize certain costs rather than deduct the costs as they are incurred. The UNICAP rules do not apply to all businesses. The businesses that are subject to the UNICAP rules include … read more
The Value of Soft Skills in Accounting
There was a recent survey conducted by Grant Thornton LLP of 500 senior finance executives at US companies across many different industries. The findings of this survey were interesting in that 55% of CFOs stated that the most significant challenge … read more
What Type of Entity Should I Make My New Business?
One of the most important decisions to make when starting or expanding a business is what type of entity to create. The choice can be long-lasting and difficult to change, so the entity type should fit the anticipated needs of … read more
I Started as an Intern
I was thinking back a few years ago when I started the 2006 Tax Season as an intern at Henry and Horne. I was really excited to have the opportunity to see what it was like to work in a … read more