John Brian Fast, CPA

Accounting, Auditing, Taxes, & Technology

IRS takes money from innocent citizens

  The Internal Revenue Service (IRS) has been seizing bank accounts belonging to small businesses and individuals who regularly made deposits of less than $10,000, but broke no laws. What is even worse, the government is refusing to return all… Continue Reading →

Broadbent of Tesco bends accounting rules

    The Chairman, Richard Broadbent, of Britain’s largest grocery chain, Tesco, has announced his resignation. The company also announced a bigger than expected financial loss.  It also stated that accounting mistakes had gone back further than it had originally… Continue Reading →

Accountants remain in high demand

  An increase in hiring of accounting and finance professionals can be expected in the next 12 months, according to a recently released jobs outlook from the staffing firm Brilliant.

Will Apple Pay be successful?

  Apple Pay uses the iPhone 6′s Touch ID and NFC tech to pay in shops, but the US launch has revealed that the system is not perfect yet.

US among low tax countries

  Investopedia reported on five countries with low taxes. Yes, the US was one of them.

The history of US accounting and auditing standards

  Demands on the accounting profession to establish uniform accounting standards began to surface after the stock market crash of 1929. Some felt that insufficient and misleading financial statement information led to inflated stock prices and that this contributed to… Continue Reading →

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