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AccountantTerms
> Blue Book
This is the term commonly used to describe the Government Finance Officers Association publication Governmental Accounting, Auditing and Financial Reporting. Initially, the blue book was the authoritative source for GAAP for state and local governments.
> Compliance Audits
Compliance audits are internal or external audits performed to evaluate whether systems or processes are designed and operating effectively to ensure compliance with pertinent laws, rules, regulations, and internal policies and procedures
While most people regard accounting as boring and tedious work, it's arguably the most important part of running a business. Rochester accountants keep track of what money is coming in and what money is going out. But if your company gets stuck with a disgruntled or corrupt employee, you can find that the business could be owing money to the government and that it's in worse financial shape than it is on paper. With the help of an accounting professional in Rochester, you could straighten everything out quickly.
[2] Excludes excise taxes collected,[3] Includes tax-exempt organization,[4] Collections of tax (withheld and not withheld) [5] Includes estimated tax. [Money amounts are in thousands of dollars] in New York
Total Internal Revenue collections [2]
191,361,886
Corporation income tax [3]
25,987,829
Total [4,5]
160,727,102
Income tax not withheld and SECA tax [4,5]
35,178,431
Induvidual income emploment taxes withheld and FICA tax [4]
124,835,804
Source: Internal Revenue Gross Collections, by State, Fiscal Year 2001
Accountants are responsible for a wide variety of duties. They make sure that a company is run efficiently, that records are kept accurately and that taxes are paid on time. Generally, accountants will prepare, analyze and verify financial documents.
There are four types of Rochester accountants:
Public Accountants
Management Accountants
Government Accountants
Internal Accountants
Each accountant specializes in one particular field to provide specialized services for a company or for private clients. Their expertise is especially important at large public companies who are forced to disclose their financial status to investors or the Securities and Exchange Commission. But if the government discovers discrepancies in a company's financial records, the company and its executives could be in some big trouble: They could face hefty fines and jail time.
Our Rochester Accountants can guide you through many circumstances arising from starting your own business and also assist you with all of your tax questions.
Some typical issues Rochester Accountants may help you with include:
Auditing
General Accounting
Business Matters
Financial Planning
Mergers and Acquisitions
Contact our Rochester Accountants
If you live in the following cities and need an accountant, you should contact our Rochester Accountants as soon as possible:
Astoria
Auburn
Bay Shore
Brentwood
Bronx
Brooklyn
Buffalo
Corona
Elmhurst
Elmont
Endicott
Fairport
Far Rockaway
Flushing
Forest Hills
Freeport
Hamburg
Hempstead
Huntington
Huntington Station
Ithaca
Jackson Heights
Jamaica
Jamestown
Levittown
Lindenhurst
Lockport
Long Beach
Massapequa
Middletown
New York
Newburgh
North Tonawanda
Patchogue
Poughkeepsie
Rego Park
Ridgewood
Rochester
Rome
South Ozone Park
South Richmond Hill
Spring Valley
Staten Island
Tonawanda
Troy
Webster
West Babylon
Westbury
Whitestone
Woodside
Yonkers
Did You Know?
There are different types of accountants.
Accountants specialize in a variety of fields including, but not limited to, audit, budget analysis, financial, management and tax accounting.
Rochester Audio & Video
Accounting Standards
Audio, RM, 32 Kbps, 3:30, 1/16/2002
Bob Edwards talks with Chuck Landes, Director of Audit and Attest Standards at the American Institute of Certified Public Accountants. Source: National Public Radio
Rochester External Sites
NYS Public Accounting - License Requirements
... Public Accountant" or "Public Accountant" titles within New York State ... To be licensed as a Certified Public Accountant in New
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Latest News
Latest accountant news in Rochester and nationwide:
Jun 20, 2006 - St. Kitts-Nevis to Host 2007 Conference of Chartered Accountants St. Kitts-Nevis to Host 2007 Conference of Chartered Accountants
On Sunday 11th June a delegation... Read more >
Apr 27, 2006 - Office of the Chief Accountant Selects Two Professional Accounting Fellows
Washington, D.C., Mar. 30, 2006 — The Securities and Exchange Commission's Office of the Chief Accountant has selecte... Read more >
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general information related to accounting issues commonly encountered.
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Corporate Accounting 
US Possessions tax credit, regardless of
Did You Know?
NYS Public Accounting - License Requirements