Business & Industry
All corporations can follow the lead of insurance companies and take legal action against third parties that cause damage to their property—particularly when the losses are uninsured or fall within their insurance deductible. This article explains how.
Consulting / Succession Planning
CPAs can help clients understand a number of buy-sell issues to better draft an agreement that provides for transfer of an ownership interest. This article describes important areas buy-sell contracts should address.
Business & Industry / Compensation and Benefits
Have your job responsibilities grown faster than your paycheck? To make a case for higher compensation or a promotion, CPAs need to research what others in similar positions are earning and prepare a solid argument for the boss for more pay.
Sarbanes-Oxley
Under Sarbanes-Oxley there are new requirements for including information on internal controls in a publicly traded company’s annual report. The rules say management must be able to identify in these reports any control issues that exist. Whether they are part of senior management that signs the internal control report, or act as advisers, CPAs—in roles other than auditor—still are critical to assessing the reporting implications of internal control deficiencies.
Fraud
CPA expert witnesses know the common-law elements of proving a fraud case: material false statement made with intent to deceive, victim’s reliance on the statement and damages. This article looks at the role these factors play in fraud lawsuits.
Technology
More than 2,000 AICPA tax department members rated this year’s tax-preparation software higher than last year’s, but gave sharply lower scores to vendors’ technical support. Meanwhile, consolidation in the market left CPAs with fewer brands from which to choose.
Consulting / Litigation Issues
Testifying in court is an exercise in dealing with the unexpected. Whether your expertise is in audits, asset valuations, financial statement analyses or malpractice, sharpening your skills can make an appearance at the bar less stressful for you—and more successful for your client.
Tax
Special tax rules apply to members of the clergy. This article discusses what CPAs need to know about the unique housing allowance, tax status and retirement plan options available for this special group of clients.