Accounting, QuickBooks, and Taxes Written by the Barefoot Accountant

Much of the website of Accountants CPA Hartford is devoted to articles discussing, analyzing, and illustrating the various accounting, auditing, or tax statements, bulletins, codes, guides, interpretations, opinions, pronouncements, and methodologies promulgated by the Financial Accounting Standards Board (FASB), Internal Revenue Service (IRS), Governmental Accounting Standards Board (GASB), American Institute of Certified Public Accountants (AICPA), Securities and Exchange Commission (SEC), and Financial Accounting Standards Advisory Board (FASAB). Like Delphic oracles of antiquity, these supreme bodies of accounting and taxation have a reputation for issuing statements veiled in ambiguity and incomprehensibility to the uninitiated, keeping tax attorneys and certified public accountants-the high priestesses of the accounting and tax mysteries-gainfully employed. Although there are a number of guides and interpretations available to professional accountants on the market today, many of them fail to provide detailed and simplified examples of the implementation of the accounting and tax pronouncements. Furthermore, most—if not all—are not readily accessible to the general public and are prohibitive in cost. Since accounting is the language of business, in the light of our country’s present economic difficulties, too much is at stake not to understand its syntax, grammar, vocabulary, and methodology. It is the mission of Accountants CPA Hartford to assist the “uninitiated” small business owners and individuals in understanding this very important language. Within this website are links to articles explaining and illustrating in as simplest terms possible the application of some of these accounting and tax rules.