Monthly Archives: August 2010

Accrue Real Property Taxes by Electing Ratable Accrual Method or Recurring Items Exception

Electing the Ratable Accrual Method to Accrue Real Property Taxes Pursuant to Internal Revenue Code Section 461: General Rule for Taxable Year of Deduction by William Brighenti, Certified Public Accountant, Certified QuickBooks ProAdvisor, Accountants CPA Hartford, LLC of Berlin, Connecticut Many … Continue reading

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The Percentage-of-Completion Method of Accounting for Long-Term Construction Contracts

The Percentage-of-Completion Method of Accounting for Long-Term Construction Contracts According to ARB No. 45 and SOP 81-1 by William Brighenti, Certified Public Accountant, Certified QuickBooks ProAdvisor Since I first started in public accounting over thirty years ago, I have witnessed … Continue reading

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2010 Rosenberg Survey of CPA Firms Shows Revenues Flat & Profits Down

The Rosenberg Survey for 2010: National Map Survey of CPA Statistics is available for a mere $450…LOL!  Wait a minute:  I have to run out and buy myself a copy at that price.  What a steal!  It’s worth paying $450 … Continue reading

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How to Download Transactions Directly into QuickBooks

How to Download Bank Transactions Directly into QuickBooks Do you wish to save bookkeeping time and expense and minimize errors from erroneously posting entries into QuickBooks?  Then consider setting up online banking in QuickBooks. Read the article, How to Download … Continue reading

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Maximize Your Exclusion of Foreign Earned Income Using the Physical Presence Test

Maximize Your Exclusion of Foreign Earned Income Using the Physical Presence Test Are you eligible to exclude most, if not all, of your foreign earned income?   Please see chart below: Many individuals fail to employ the physical presence test in … Continue reading

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