Accounting & Tax
Bank Of America Reports Mixed Results (BAC)
Apr 19th
4-19-12-Bank of America (NYSE:BAC) reported Q1 EPS of $0.31, beating estimates of $0.12.
Revenues in the quarter fell 10% year-over-year to $22.5 billion, missing estimates by $500 million.
Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
Morgan Stanley Tops Estimates
Apr 19th
4-19-12-Morgan Stanley (NYSE:MS) reported Q1 EPS of $0.71, ex-DVA, vs. estimates of $0.44.
The bank reported total net revenues of $8.9 billion, vs. estimates of $7.94 billion.
The company reported tier 1 common of 13.2% vs. 13.0% QoQ.
The company is set to hold its conference call at 10 AM EST.
Bank Of America Revenues Rise 11%, Shares Rally Premarket
Jan 19th
Bank of America (NYSE:BAC) reported Q4 EPS of $0.15, may not be comparable to estimates for $0.13. Bank of America’s revenue, net of interest expense on a FTE basis, rose 11% to $25.1 billion. Chief Executive Officer Brian Moynihan said, “We enter 2012 stronger and more efficient after two years of simplifying and streamlining our company. We built our capital ratios to record levels during 2011 on the strength of our core businesses and by shedding those that are not core to serving customers and clients. I am proud of our team and their ability to serve our customers well while transforming the company.” Shares of Bank of America are trading 6.6% higher premarket, to $7.25.
Burr Pilger buying San Jose tax and accounting operation
May 20th
San Francisco accounting firm Burr Pilger Mayer Inc. said Thursday it agreed to buy the San Jose accounting and tax operations of Cleveland-based CBIZ Inc.
Terms of the deal were not released. More >
Senate committee kills increase in general excise tax
Apr 8th
IRS Unveils New Regime for Regulation of Tax Return Preparers
Mar 4th
While the IRS has significantly eased the rules governing the use and disclosure of client return information by tax return preparers (see accompanying article), at the same time it has unveiled a new plan to toughen overall regulation of the tax return preparer community. More >
How to choose a better tax accountant-tips and tricks
Nov 29th
Why we need a tax accountant ?
All tax payers, individual or having a business, need a professional tax accountant to complete the whole complicated process of the payment of income tax. The time consuming and boring process of tax payment can easily be accomplished if you hire a tax accountant, More >
New Law Offers Tax Relief to Military Families
Sep 27th
A new federal law may have a big impact on the state income tax bills of clients who are married to members of the Armed Services. Under the new law, these clients may be able to avoid paying income taxes in the state they are currently living in. More >
The History of Income Tax
Jul 27th
They say death and taxes are the only two certain things in life. Alas, this wasn’t always the case. Well, at least for the income tax.
The History of Income Taxes
Our great nation came into existence in fits and starts. Following the revolt against the British, a federal government was elected and the fun began. More >
