Fraud
Just when you think you’ve heard the silliest of stupid criminal tricks, along comes another round of stories. Here’s a string of case histories that even Ripley would be hard pressed to believe.
Business & Industry / Employee Benefits
Companies continue to face double-digit increases in health insurance costs. With economies difficult to find, CPAs should help employers explore innovative solutions, leaving cuts in coverage as a last resort.
Business & Industry / Compliance
Companies must follow strict guidelines on the collection and use of data from their customers, clients and patients. CPAs with the right expertise can be valuable advisers on compliance to companies with deficient privacy policies. In creating and implementing a program, they can help their employers or clients keep regulators happy while outshining competitors who don’t focus on privacy. Here’s a four-step plan to create policies and procedures that fulfill requirements.
Business & Industry / Tax
The tax treatment of contingent liabilities transferred in a corporate sale or restructuring can be a problem for the parties involved. The treatment may differ depending on whether the transaction is taxable or tax-free. Recent IRS rulings and court decisions on these issues can help CPAs advise their clients or employers.
Practice Management
Finding trainers who understand the accounting profession and can connect with your staff is sometimes tricky. Before sending employees to “school,” the firm’s partners should clarify long-term-revenue, niche-development and expansion goals and then carefully vet the trainer to ensure his or her approach is on target.