Business

As a tax client, understanding accounting standards is crucial to ensuring accurate financial reporting and compliance with tax laws. Accounting standards provide guidelines on how financial transactions should be recorded, summarized, and presented in financial statements. In this blog post, we will delve into the importance of accounting standards for tax clients and why staying informed about these regulations is essential for your financial health.

One of the primary reasons why accounting standards are important for tax clients is that they ...

Forensic accounting, often referred to as the merger of accounting, auditing, and investigative skills, plays a pivotal role in the modern financial world. This specialized field of accounting is dedicated to tracing discrepancies, uncovering fraud, and providing litigation support. As financial transactions become more intricate and globalized, the demand for forensic accountants has surged, making them the detectives of the financial world.

Origins and Evolution

The term “forensic” is derived from the Latin word “forensis,” which pertains to public discussion or debate. ...

Washington (CNN Business) Alan Greenspan says the party’s over on Wall Street.

The former Federal Reserve chairman who famously warned more than two decades ago about “irrational exuberance” in the stock market doesn’t see equity prices going any higher than they are now.

“It would be very surprising to see it sort of stabilize here, and then take off,” Greenspan said in an interview with CNN anchor Julia Chatterley.

He added that markets could still go up further — but warned investors that ...

With over 30 years of small to large businesses experience,  Thomas J. Tessier is experienced in financial accounting, financial planning, tax preparation, tax audits, and general business consulting.

Tom also spends countless hours reading professional journals to stay current with the latest changes and trends in the business community and the government.