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17 Apr 2024, 2:09 pm
Most bank accounts fall into one of the following four categories: Jointly owned accounts Payable-on-death or transfer-on-death accounts Accounts held in a trust Accounts with no beneficiary Here’s how to handle each type of account. [read post]
10 Apr 2008, 12:40 pm
The account switching facilitation package is to be aimed at personal customer account holders and will initially be the responsibility of individual financial institutions. [read post]
27 Apr 2021, 9:41 am
Offshore bank accounts are viewed by many as an exotic tool for privacy and tax avoidance—and only for the very wealthy. [read post]
20 Jun 2011, 1:13 pm
Bank accounts, safe deposit boxes, stock accounts, everything you sign your name for needs to be assigned to the trust. [read post]
12 Jul 2018, 7:10 am
Deposits to the account are capped of $15,000 per year for the person making a contribution to the account. [read post]
15 Sep 2023, 8:45 am
Accounting, or rendering an account, is a term of art in the law of fiduciaries. [read post]
27 May 2022, 9:45 am
An ABLE Account (Achieving a Better Life Experience Account) is a tax-advantaged savings account available to individuals diagnosed with disabilities. [read post]
27 Aug 2007, 5:06 pm
On the topic of accountants blogging, I'm honored to have been quoted in the most recent issue of Accounting Today (and WebCPA) in an article by Liz Gold called, "Blogging for Dollars. [read post]
20 Aug 2018, 5:48 am
So, in the example, if a married couple opened a bank account at a Georgia branch of a national bank the money in the account would be Georgia property, and the account would not become an entireties account by virtue of the couples move to Florida.. [read post]
18 Sep 2023, 4:00 am
Why specialize when you’re a forensic accountant? [read post]
16 Sep 2009, 2:42 pm
A wise woman once told me, “[Account] collection is the lifeline of a small firm. [read post]
14 Aug 2012, 7:25 am
“… (L)awyer trust accounts enjoy no special status with regard to garnishment law. [read post]
10 Jul 2009, 4:49 am
To qualify in the count, a blog must be authored by a licensed and currently in practice accounting practitioner (CPA, CA, etc) or public accounting firm (group authored is okay).If you have a blog and are not on this list, please drop me a note! [read post]
16 Oct 2015, 2:43 pm
When someone dies, it’s not unusual to leave behind a bank account in that person’s name alone, rather than in an account held jointly or with a named beneficiary. [read post]
12 Aug 2008, 11:24 am
There have been news reports lately that bring to the fore the inconsistency between the accounting standards issued by the Institute of Chartered Accountants of India (ICAI) and the requirements in Schedule VI of the Companies Act, 1956 in relation to exchange losses incurred by companies on foreign currency-denominated transactions (see here and here).A Business Standard editorial goes beyond the technicalities of law and accounting and takes matters into the realm of… [read post]
14 Apr 2022, 7:08 am
Specifically, there are four broad account types to look out for: Business Checking Account — A business checking account is the “general use” account that you’ll use to manage payroll, account for large expenses, and generally keep your business running.Business Savings Account — Some businesses choose to store their profits in a high-interest savings account to help gain additional interest on their… [read post]
31 Mar 2021, 3:19 pm
With a Google account, you have options to control your data and the tools to manage your account – and you can also tell Google how to manage this account as part of your estate plan. [read post]
26 Apr 2013, 3:31 pm
In such a case, no accounting need be given. [read post]
13 Dec 2018, 8:41 pm
How Can Forensic Accounting Help Me? [read post]
1 Mar 2018, 6:33 am
Stringer and the New York City Pension Funds (the “NYC Funds”) launched the “Boardroom Accountability Project 2.0” in September 2017. [read post]
