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Accounting and financial news
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In Case You Hadn’t Heard…GBQ expands South!

by Rebekah Smith

The Reds, Skyline Chili, The Flying Pig Marathon, The Bengals, WKRP, and now, GBQ!!!   What do all of those things have in common?  As of last week, you can find them all in Cincinnati, Ohio! All of us here at GBQ are very excited to announce that last week we expanded to the Cincinnati market […]

Posted in Case In Point | Comments »

Technology Vices: tips for how you spend

by Mary Stucke

With Tax Deadline Day officially behind us for another year, we accountants are rejoicing the end of (and surviving!) another busy season.  The non-accountants of the world are rejoicing for another reason: The average American will receive a tax refund of $3,000 in 2012. Before you go out and buy the latest and greatest electronic […]

Posted in Audit & Tax Talk | Comments »

Stillman, Arend and Osburn to Speak at OSCPA Not-for-Profit Conference

by Sara Robertson

GBQ associates, Bob Stillman, Andy Arend and Jen Osburn will deliver presentations to attendees at the Ohio Society of CPAs day-long Not-for-Profit Conference on June 6, 2012 in Columbus, OH.

Posted in GBQ News & Culture | Comments »

Why Accountants Are NOT Becoming Irrelevant

by Mary Stucke

There was a recent  discussion on LinkedIn in which Ron Baker, founder of VeraSage Institute, stated that he believes that the accounting profession is becoming irrelevant. As an accountant, this statement and his theory intrigued me. It appears that most of Mr. Baker’s opinion revolves around the fact that accountants only deal with historical data […]

Posted in Audit & Tax Talk | Comments »

Revenue Recognition – The New Reality for Construction Companies

by Bob Biehl

In June 2010, the Financial Accounting Standards Board (FASB) released an exposure draft on a new revenue recognition standard that would change the way all businesses, not just contractors recognize revenue.  The goals of the new standard were: Develop a common revenue standard for industries, jurisdiction and capital markets Condense 100+ rules into 1 “high […]

Posted in Bob's Construction Accounting Chat | Comments »

News Flash from 1998: 100% ESOP-Owned S-Corporations are Income Tax-Free Entities!

by Brian Bornino

It’s tax time.  Time for everyone (including me) to be in a miserable mood because of the high taxes we all pay.  Well, almost everyone…. Despite many of us trying our best to spread the word, I cannot believe how few business owners and advisors are aware that it is possible to create a business […]

Posted in Valuation Observations | Comments »