Saturday, August 30, 2014

Vanguard Fund w/ Tax-Efficiency

Over at Bogleheads we came across the following discussion:

Vanguard Fund w/ Tax-Efficiency

Postby Patriot1997 » Fri Aug 29, 2014 3:20 pm
Hello-I currently have an account (solely in my name) that is made up of funds that I am holding for an older relative. This is not a trust or anything similar. It is simply a taxable account in my name with the moral understanding that these funds are to be utilized (if/when needed) to support my relative. The expectation is that these funds would not need to be touched or utilized for at least 5-7 years.

I am looking to move this account (valued at approx $100,000) to Vanguard. Could you recommend a Vanguard fund/strategy that would be conservative to moderate in risk and also tax-efficient? Depending on the year, I am usually in the 28% or 33% percent tax bracket. So I am seeking to avoid annual taxable earnings in my name to the extent possible. I have been looking at the LifeStrategy Funds but I am not sure those meet my goal of tax-efficiency. But I like the set it and forget appeal of LifeStrategy. Thank you.
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Re: Vanguard Fund w/ Tax-Efficiency

Postby livesoft » Fri Aug 29, 2014 3:26 pm
You will not avoid taxes, but you can minimize them. If you look at the LifeStrategy fund and see what it holds, you can hold those funds separately, but instead of the bond funds, choose a different bond fund, namely one that is tax-exempt. It's a pretty simple solution.

Or you can pick the tax-managed balanced fund and buy on the side the Total Int'l Stock Market Index fund.

Expect to pay about 0.3% x 0.6 x $100,000 in taxes on the dividends every year. That would be about $200 more in taxes every year.
It's all about short-term opportunistic rebalancing due to a short-term change in one's asset allocation, uh, I mean opportunistic rebalancing, uh I mean rebalancing, uh I mean market timing.
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Re: Vanguard Fund w/ Tax-Efficiency

Postby Lafder » Fri Aug 29, 2014 3:36 pm
Before I found Bogleheads, I used this fund because it's name of "Tax Managed Balanced Fund." It may be what you want. (I now use more of a 4 fund portfolio for myself)


With a smaller gift of $, closer to 10k that my kids were given by a relative for high school graduation (7 and 10 years out) I did go with the simplicity of Life Strategy Moderate Growth. But I also plan to match any losses if that were the case by the time it was for my kids. (My kids have no awareness where the $ is, they just know their relative gave them travel money that will be there when they graduate HS). It is in my name.

You will likely get better tax advantaged answers than I can give : ), I think the bigger issue for me for an older relative's $ would be protecting the capital, depending on how many other resources your relative has access to.

You will probably get all kinds of comments about the $ being in your name.

Hope that helps,
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Re: Vanguard Fund w/ Tax-Efficiency

Postby grabiner » Fri Aug 29, 2014 6:22 pm
Lafder wrote:Before I found Bogleheads, I used this fund because it's name of "Tax Managed Balanced Fund." It may be what you want. (I now use more of a 4 fund portfolio for myself)


Normally, I don't like the Tax-Managed Balanced Fund, because it locks you into its allocation; I would prefer holding separate stock index and municipal-bond funds. However, for the original poster, it may make sense, as he wants to maintain a moderate allocation, and will be spending the stocks and bonds simultaneously as they are needed. In addition, this is a fixed-size portfolio and will need to be rebalanced; the fund does this automatically, while if he holds separate stock and bond funds and has no inflows. there will be a tax cost for rebalancing by selling stock after the stock market rises.

An alternative, if preservation of capital is more important, would be to put the whole thing in Long-Term Tax-Exempt (or a long-term fund for your state if Vanguard has one). This would be easier to absorb into your portfolio if it turns out that the money is not needed by the relative.
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Re: Vanguard Fund w/ Tax-Efficiency

Postby retiredjg » Fri Aug 29, 2014 6:27 pm
I'll vote for Tax Managed Balanced Fund combined with a tax-exempt bond fund if needed to bring the stock to bond ratio down to what you want.
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Re: Vanguard Fund w/ Tax-Efficiency

Postby livesoft » Fri Aug 29, 2014 6:43 pm
retiredjg wrote:I'll vote for Tax Managed Balanced Fund combined with a tax-exempt bond fund if needed to bring the stock to bond ratio down to what you want.

Or a total market index fund to bring the stock to bond ratio up to what you want. :)

One would hope that one would not need 3 funds (total US, total int'l, tax-exempt bond) to get things where one wants them if one used the tax-managed balanced fund. :)
It's all about short-term opportunistic rebalancing due to a short-term change in one's asset allocation, uh, I mean opportunistic rebalancing, uh I mean rebalancing, uh I mean market timing.
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Re: Vanguard Fund w/ Tax-Efficiency

Postby retiredjg » Fri Aug 29, 2014 8:45 pm
livesoft wrote:
retiredjg wrote:I'll vote for Tax Managed Balanced Fund combined with a tax-exempt bond fund if needed to bring the stock to bond ratio down to what you want.

Or a total market index fund to bring the stock to bond ratio up to what you want. :)

Agreed. I just assumed the relative is older and that 50/50 would be the max aggressiveness wanted. But that may not be correct.
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Re: Vanguard Fund w/ Tax-Efficiency

Postby pkcrafter » Fri Aug 29, 2014 9:30 pm
Is this your money, or money the relative has asked you to manage? If it's the relative's money, how old is he/she and what is his/her risk tolerance? Will t his money actually be needed at a certain time?

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Re: Vanguard Fund w/ Tax-Efficiency

Postby Anon1234 » Fri Aug 29, 2014 11:55 pm
The relative is likely in a lower tax bracket. You might consider moving the funds back under the relative's name and be an authorized agent/rep to control the investments (I forget if agent is the right term). You can gift $14,000 this year. You could also do an interest free loan for the full amount and put it all in their name this year, then forgive $14,000 each year until the loan is fully forgiven. And you can put a forgiven upon death clause, or due in full upon death clause, whatever makes sense for your situation.

Possibly you are hiding this money from spend down in which case you can ignore my whole post.
Posted on 9:13 AM | Categories:

50 Best Accounting Blogs of 2014

In Salary.com’s overview of their hot jobs for 2014, Accounting roles (including Auditors) ranked number 6 of 8, with an expected growth rate of 17%.[1]. So it’s no surprise that there are several hundred blogs online covering accounting, taxes and topics in-between. As a handy resource, here are 50 of the best such blogs.
Methodology for selection:
  • Primarily American market-related blogs.
  • Is actually a blog, not a Web site masquerading as a blog.
  • Is an accounting or accounting-related blog.
  • Recency: must have had a post in the past six months, at time of writing.
  • A combination of personal selection and scientific ranking.
  • No popup ads and does not require being a member of some organization to read.
  • Target readers are either accountants or those who can benefit from relevant advice.

General Accounting, Financial Reporting, Tax-related

Profit and Non-Profit Businesses
  • The Belfint Nonprofit Ledger: Topics on taxes and reporting for non-profit organizations.
  • Reed Tinsley’s Blog: Tips and advice from a CPA for the healthcare industry, with emphasis on physician practices.
  • Dental CPAs Blog: Tips and advice from a team of CPAs for the dental practitioners.
  • Homeschool CPA: A CPA and former homeschooling mom gives tips and advice to nonprofit homeschool organizations.
  • Farm CPA Today: Accounting, businesss and related advice for farmers.
  • Ministry CPA: Accounting and business advice for ministers and others running Christian ministries.
  • The Ministry Blog: A multi-author blog on accounting, reporting and business advice for churches and ministries.

Forensic Accounting, Fraud Finding
  • The Fraud Files: Coverage of fraud-related topics by a forensic accountant, fraud investigator and author Tracy Coenen.
  • White Collar Fraud: A fraud perspective — including accounting irregularities — from a former CPA and convicted felon.
  • It’s Taxing – Bond Beebe: Tips and advice on forensic accounting procedures for small businesses, including the use of social media and issues around electronic data collection.

Professor/ Student/ Teaching/ Studying
  • Fraudbytes: A blog on fraud and corporate governance by Aaron Zimbelman (PhD student, accounting) and Mark Zimbelman (accounting professor).
  • 21st Century Taxation: A tax reform blog by a professor who teaches about tax accounting, tax policy and related topics.
  • Joe Hoyle – Teaching Financial Accounting: Covers the teaching and learning aspects of accounting topics, by veteran financial accounting professor Joe Hoyle.
  • MAAW’s Blog: Tidbits about accounting, management and related topics by a professor emeritus.
  • NJSCPA Exam Cram Blog: Tips on preparing for the CPA exam by multiple bloggers from the NJSCPA (New Jersey Society of Certified Public Accountants).

Accounting Association Blogs
  • Betsy’s Pretty Good Blog: A blog for accountants by the president of the MNCPA (Minnesota Society of Certified Public Accountants).
  • AICPA Insights: A blog for accountants from the AICPA (American Institute of CPAs).
  • CPA Success: Career success tips and advice for CPAs, from the MACPA (Maryland Association of CPAs).
  • CPA Now: Tips and advice for CPAs from the PICPA (Pennsylvania Institute of Certified Public Accountants).
  • ASCPA Blog: Tips and advice for CPAs from the ASCPA (Arizona Society of Certified Public Accountants).
  • I Was Just Thinkin’: Tips and advice for CPAs from the INCPAS (Indiana CPA Society).
  • TSCPA Federal Tax Policy Blog: A blog from the TSCPA (Texas Society of CPAs), with a focus on tax legislation and regulation.
  • The Sharblog: Another TSCPA-related blog, from the CEO, with thoughts on accounting, the IRS and other topics.
  • National Society of Accountants: NSA Blog: Perspectives on accounting, tax prep, IRS and more, from the other NSA (National Society of Accountants).
  • NYSSCPA Blog: Views on accounting and related topics from the NYSSCPA (New York State Society of Certified Public Accountants.
  • CPA Cafe | Where Ideas Brew: Writings on accounting, taxes, IRS and other topics from the VSCPA (Virginia Society of Certified Public Accountants).

Other
  • Going Concern: A broad accounting-related blog who is Managing Editor is the writer of the Jr. Deputy Accountant blog. Also covers student topics and the CPA exame.
  • Jr. Deputy Accountant: An accounting blog interpreting what the Fed says, written by a Washington, D.C., resident whose disclaimer says “I’m not a junior nor a deputy nor an accountant”. Warning: NSFW language.
  • re: The Auditors: A broad accounting blog with an emphasis on the Big 4 accounting firms, written by writer/ speaker / consultant Francine McKenna.
  • re: Balance: A blog with indepth articles on the state of large accounting firms.
  • CPA Technology Blog: Covers the technology side of the accounting profession.
  • Accounting And Finance Blog | Accounting Principals: A broad look at accounting careers, including how to use social media, monthly job reports, and more.
  • Accountant Jokes and Fun: Who says accountants are not fun? Here’s a whole blog full of accounting and tax jokes.
  • Success Starts Here: A blog about the careers side of public accounting.
  • iPad CPA: Not frequently updated but has a focus on iPad apps for the accounting profession.
  • Accountant By Day: Musings on accounting, personal finance and every day life by an auditor and tax accountant who formerly blogged as Accounting Elf while still an accounting student.
Posted on 9:01 AM | Categories:

Learn about Our Tax System with “Understanding Taxes”

Did you know there’s a free, online program to help teachers and students – or others who may be interested – learn the “hows” and “whys” of taxes? The IRS calls it “Understanding Taxes.” It was designed by the IRS and teachers to make learning about federal taxes as easy as A-B-C.
  • Accessible (web-based)
  • Brings learning to life
  • Comprehensive
Here are six more reasons to check out the Understanding Taxes program:

1. There are thirty-nine lessons available 24/7 on IRS.gov. The program helps you learn with lessons that are easy, relevant and fun.  

2. The site map is user friendly. You can quickly look through the program and skip to the part you want.

3. A series of tax tutorials guide you through the basics of tax preparation. Another feature is a chance to test your knowledge through tax trivia. There’s also a glossary of tax terms.

4. If you’re a teacher, you can customize the interactive program to fit your own style. You can use your own lesson plans and plan your own activities. It’s easy to add to your school’s curriculum.

5. You don’t need to register or login to use the program. You can take a break and return to where you left off whenever you choose. Just take note of the page and lesson number before you leave the page. 

6. The program is a great way to learn about the history and theory of taxes in the USA.

You can use the program anytime during the year. Just visit IRS.gov and type “Understanding Taxes” in the search box. The IRS usually updates the content each fall so that it reflects current tax law and tax forms.
Posted on 7:41 AM | Categories:

Friday, August 29, 2014

AccountingSuite Presents Foxhound Release at Midwest Accounting & Finance Showcase

AccountingSuite invites accountants and finance professionals to experience its new Foxhound release at the 2014 Midwest Accounting & Finance Showcase, held at the Donald E. Stephens Convention Center in Rosemont, Illinois on August 27 and 28.

AccountingSuite is all-in-one accounting, inventory, order management and project tracking software. Cloud-based and secure, AccountingSuite lets finance professionals access critical business information at their desktop, laptop or tablet.

From startups to growing companies, AccountingSuite scales from start to exit, said Co-founder Kurt Kunselman. In-house finance professionals and independent accountants alike can choose different modules without adding costs and complexity. AccountingSuite is flexible and reliable.
The AccountingSuite team will offer demos of their web application at the showcase. They will also be available to discuss new developments in accounting software, cloud banking, the unique needs of international and product-based companies, and common misconceptions about cloud-based software.

EXPERIENCE A NEW BREED OF CLOUD ACCOUNTING SOFTWARE
At booth #1727, AccountingSuite will showcase its latest version, Foxhound, released August 16 with these new features:

  • Advanced units of measure, which allows companies to purchase goods in one quantity and sell in another, while keeping accurate inventory counts.
  • Pay a bill directly without creating new or duplicate data entries.
  • Cloud banking, which allows authorized users to see current bank balances.
  • Share information with the sales team so they can sell smarter. Allow access to information on unit costs, margins, available inventory and quantities they can promise.

INTUITIVE ACCOUNTING SOFTWARE
Showcase attendees are invited to experience the ease of working in AccountingSuite:
  • Banking transactions appear daily, and can be tagged with category and vendor names. This cloud banking feature helps eliminate double entry of transactions.
  • Easy for end users to learn, so accountants' clients can add transactions, run operational tasks, and pull reports.
  • Mobile and secure, accessible from the office, at home and the coffee shop without uploading and downloading transactions.
  • Always updated, never an old version and no time consuming updates.

MORE POWERFUL THAN QUICKBOOKS ONLINE
AccountingSuite was built from the ground-up to work elegantly in the cloud. Compare AccountingSuite with Quickbooks Online:
  • Transactions are easy to find. Users can keep multiple tasks open and switch easily between tabs.
  • Includes sales orders, sales quotes, inventory functions and purchase orders, which are critical for companies that buy and sell physical goods.
  • Multiple warehouses, ability to manage drop-ship, project and time tracking are all built in to the software, without costly add-ons.
  • Handles multiple currencies and multiple units of measure like a champion. This helps sales and operation teams work together without the need for additional spreadsheets.
  • Salespeople can convert a sales order into a purchase order, and everything cascades perfectly into inventory counts.

To contact AccountingSuite at the show, call toll free (888) 328-8275, extension 2, or call (415) 462-5477.

The AccountingSuite vision is to give companies, employees and business partners easy, secure access to information that often makes the difference between gaining new customers and losing them to the competition.

AccountingSuite is based in San Francisco, California. AccountingSuite provides easy-to-use, no-nonsense, scalable business software for startups, entrepreneurs, and growing companies to manage their finances and day-to-day operations.

Posted on 9:55 AM | Categories:

Common Mistakes in QuickBooks Online (QBO) and How to Fix Them (click to view video)

Michelle Long for Long for Success writes: Unfortunately, many people make mistakes in
QuickBooks Online. Learn about some of the most common mistakes and how to fix them. We will cover list errors (chart of accounts, customers, vendors and the products/services list) and how to clean up lists. Plus we discuss other errors including common problems with downloaded transactions:
Posted on 9:48 AM | Categories:

Receipt Bank wins Xero Add-on of the Year, announces further expansion

nzentrepreneurs.com writes: The way we work has changed at an unprecedented rate in the last 50 years, and SaaS startups are scrambling to develop tools that help modern businesses be more productive.
Just 5 decades ago, an accountant would have had a desk filled with journals, pictures of The Beach Boys, and ledgers where accounting information would be double-entered. Xero transformed this industry when it created a cloud-based application that would allow anyone with an iPad and a Xero subscription to do their books, while listening to Iggy Azalea’s “Fancy” on the same device.
Another incredibly innovative company that’s disrupting the industry is Receipt Bank, which has developed software that automates your accounts payable and expense management.
The service works by allowing you to take pictures of your invoices, receipts, or bills with a smartphone app. These images are uploaded to a server where Receipt Bank extracts the key information, codes the transaction, and then sends this data, along with the attached image of the expense, straight to your accounting software, like Xero.
Alternatively, users can email their invoices to the company or even get their suppliers to email Receipt Bank directly.
The end result is that SME’s, accountants, and bookkeepers spend less time on manual data entry, thus saving hundreds of dollars on wages and making businesses more efficient.
Receipt Bank was recently able to demonstrate how much of an impact it’s making on the way companies conduct business when it won the title of “Add-on of the Year” at Xerocon 2014. This may be due in part to the fact that, while most Xero add-ons are only suitable for one or two industries, every business can use Receipt Bank.
Sophie Hossack, a partner manager at Receipt Bank, said, “Using software to automate the mundane jobs is fast becoming a more appropriate solution, providing consistency, fixed costs, and increasing capacity.”
“For example, here at Receipt Bank we have over 50 subscriptions for SaaS products like Meet.Me, Go To Meeting,MailChimp, Zendesk – the list goes on!
“Adopting these tools has dramatically improved our productivity and helped us to scale.”
There is no better example of how software can help a business scale than Receipt Bank itself. The company was originally created in London in 2010 by Michael Wood and Alexis Prenn, and now has offices in Auckland and Sydney in addition to London. Later this year, the company will also be opening offices in Canada and America.
The rapid expansion has been challenging for the team, as the kitchen table discussions that Receipt Bank was built upon are no longer possible due to differences in location and time zone.
“We’re a pretty passionate bunch here at Receipt Bank and we’ve definitely hired people who are excited to be part of the journey and who are wanting to make a difference,” Sophie said.
“With offices all over the world in varying time zones, communication is absolutely key,” she continued. “We depend on tools like Yammer, Twitter, Skype and Google Hangouts to keep in touch, share experiences and maintain our culture. Asking for help and receiving advice is hugely important. With good communication this mentoring happens every day, at every level.”
When asked what the most important thing about Receipt Bank’s culture was, Sophie quickly replied, “baked goods.”
“We’re big believers in cake,” she said. “Celebrating success and saying thank you over a cupcake or two is important.”
“When a company grows so quickly over a short period of time, smashing targets and breaking records seems to happen on a weekly basis!
“But it’s hugely important to keep looking forward, listening to feedback, and finding ways to improve one day at a time.”
In the near future, we can expect to see updates released for the iPhone app and user interface. The company has also started to roll out their new technology which will extract line by line details for original .PDF invoices.
“We believe every SME, bookkeeper, and accountant can benefit from using our software,” Sophie says, “so next stop North America!”
You heard it here first. Let them eat cake.
Posted on 9:44 AM | Categories:

Payroll Tax Compliance May Be A Problem For Many Tax-Exempt Organizations

Michele A.W. McKinnon, Milton Cerny, Justin F. Trent and Keonna D. Carter for 
McGuire Woods LLP writes: On August 13, 2014, the Treasury Inspector General for Tax Administration (TIGTA) released its report on payroll tax compliance among tax-exempt organizations. According to the report, more than 64,200 tax-exempt organizations owed almost $600 million in unpaid payroll taxes in 2012. TIGTA recommended that the Exempt Organizations unit of the IRS should (1) coordinate with the payroll tax unit to improve detection of noncompliant tax-exempt organizations and (2) periodically review existing IRS payroll tax data to identify noncompliant tax-exempt organizations. Although the IRS director of the Exempt Organizations unit rejected these recommendations, the report is a timely reminder to tax-exempt organizations to comply with payroll taxes.

TIGTA reviewed existing IRS data to determine that 64,200 tax-exempt organizations owed almost $875 million in unpaid federal taxes (including payroll taxes, unrelated business income tax, excise taxes, penalties and interest). This number is a small percentage of the almost 2 million recognized tax-exempt organizations, but future enforcement efforts are likely to impact all tax-exempt organizations. Most of the noncompliant organizations owed less than $10,000 each. However, 1,200 of those organizations owed more than $100,000 each and five organizations owed more than $10 million each. TIGTA reported that the $875 million figure is likely an understatement of the true federal tax debt owed by tax-exempt organizations.
Tax-exempt organizations should consider the following key points from the report:
  • Unpaid payroll taxes can expose organization leaders to civil and criminal penalties. While tax-exempt organizations are exempt from paying federal income tax under section 501(a) of the Internal Revenue Code (the Code), they remain subject to other federal and state taxes (including payroll taxes, unrelated business income tax and excise taxes). Payroll taxes include Old Age, Survivors, and Disability Insurance (OASDI or Social Security tax) and Medicare. Failure to withhold these taxes from the wages of compensated employees can expose a tax-exempt organization's leadership to personal liability for civil penalties. Willful noncompliance can lead to criminal charges.
  • Unpaid payroll taxes are on the IRS radar. The federal government has long been aware of noncompliance by tax-exempt organizations on this issue. In 2007, the Government Accountability Office found that tax-exempt organizations owed approximately $642 million in unpaid payroll taxes. As a result of the GAO's finding, the IRS Tax Exempt and Government Entities Division initiated several pilot projects to increase enforcement efforts, resulting in the assessment of taxes and penalties of more than $57 million. TIGTA's report indicates that the IRS already has the data and means to efficiently identify noncompliant tax-exempt organizations. However, the response of IRS management to the report indicates that there is some internal resistance to making better use of such data.
  • Unpaid payroll taxes may become an audit risk in the future. TIGTA found that unpaid payroll taxes could be an indicator that a tax-exempt organization is involved in various other impermissible activities. In addition to the big picture analysis of noncompliant tax-exempt organizations, TIGTA closely examined 25 tax-exempt organizations that "appeared to be among the worst examples of organizations with significant unpaid Federal tax debts." All of these organizations had unpaid federal tax debt, including payroll taxes, ranging from "$300,000 to more than $3 million per organization." TIGTA's auditors determined that almost all of the officers of these organizations were involved in "abusive activity," such as not filing personal tax returns or underreporting their wages. As a result of TIGTA's review, several of the organizations were examined by the Exempt Organizations unit for abusive activities such as "political campaign intervention, substantial legislative activities, excessive personal benefits, inappropriate loans, and other fraudulent issues." The Exempt Organizations unit also examined several of these organizations for excessive executive compensation, questionable governance practices or inconsistent tax filings. TIGTA recommended that the Exempt Organizations unit identify tax-exempt organizations with "significant" unpaid payroll taxes as a method for identifying organizations that are likely to have other tax-exempt issues.
  • IRS enforcement efforts face obstacles. TIGTA's report noted that enforcement actions against noncompliant tax-exempt organizations are hindered by the charitable nature of such organizations and by the current language of the Code. The usual IRS collection methods include levies and asset seizure, but the report noted that such methods could shut down a tax-exempt entity and eliminate the public benefits stemming from the entity's operations. Additionally, the IRS cannot revoke the tax-exempt status of an organization or require changes to an organization's governance solely for the failure to pay the payroll taxes.
TIGTA recommended that the Exempt Organizations unit treat unpaid payroll taxes as an indicator of other compliance issues with the tax-exempt rules. The IRS rejected this recommendation by taking the position that IRS data on payroll tax compliance is not relevant to the unit's function in identifying issues of private benefit. Although the rejection of this recommendation is an indication that unpaid payroll taxes will not be given special attention by the Exempt Organizations unit in the near future, the IRS could easily change its policy on this issue without notice to taxpayers. There is no requirement that the IRS publish a regulatory notice or other guidance indicating that it will begin to cross-reference payroll tax data with other data received from tax-exempt organizations. For this reason, tax-exempt organizations should ensure that they continue to comply with their payroll tax obligations.
To review the actual text of TIGTA's report, go to www.treasury.gov.
Posted on 9:41 AM | Categories:

salesforce.com, inc. CEO Marc Benioff Sells 60,000 Shares (CRM)

John Ramos for InterCooler.com writes: salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff unloaded 60,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $59.35, for a total value of $3,561,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
salesforce.com, inc. (NYSE:CRM) opened at 59.58 on Thursday. salesforce.com, inc. has a 1-year low of $42.11 and a 1-year high of $67.00. The stock has a 50-day moving average of $54.76 and a 200-day moving average of $56.02. The company’s market cap is $36.762 billion.
salesforce.com, inc. (NYSE:CRM) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.01. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 37.9% on a year-over-year basis. On average, analysts predict that salesforce.com, inc. will post $0.51 earnings per share for the current fiscal year.
A number of research firms have recently commented on CRM. Analysts at Zacks reiterated a “neutral” rating on shares of salesforce.com, inc. in a research note on Monday. They now have a $63.00 price target on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of salesforce.com, inc. in a research note on Monday. They now have a $71.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of salesforce.com, inc. from $65.00 to $70.00 in a research note on Friday, August 22nd. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $67.47.
salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. The Company provides a customer and collaboration relationship management (NYSE:CRM), applications through the Internet or cloud.
Posted on 9:34 AM | Categories:
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