Tax
When more than two parties are involved in a divorce-related property transfer, the tax consequences can be unpredictable. To help the client steer clear of unpleasant tax surprises, a CPA should examine the code, regulations and court cases.
For the Practicing Auditor
For the Practicing Auditor
Personal Financial Planning
CPAs may find that individual money managers can help them provide tax, investment and other financial planning services to their clients. Selecting the right manager can be crucial to the success of this strategy.
Worth Repeating
At the AICPA’s annual meeting, new chairman Kathy G. Eddy vowed to include all CPAs as she helps lead implementation of the Vision Process.
Professional Issues
What concepts and principles will the ISB use in future standard setting? An ED proposes a structure for analyzing key issues.
Auditing
The AICPA accounting and review services committee ended more than 20 years of debate on plain-paper financial statements by issuing SSARS no. 8, Amendment to SSARS No. 1, Compilation and Review of Financial Statements. The changes let accountants use their professional judgment in deciding how best to meet client needs.
Technology Workshop
Electronic comments and explanations can be attached easily to complex spreadsheets to help in the audit and review of financial statements.
Practice Management
Many CPAs use convoluted language to describe their findings because they want to cover all bases, thus protecting themselves from liability if an engagement goes sour. This article spells out several alternatives to some common linguistic smokescreens.