lients may be asking about the new “catch-up” pension and IRA contributions allowed under the latest tax act. CPAs should be aware of these new provisions to educate themselves and instruct clients properly. OVERVIEW Many employers offer plans in which workers set aside some of their salary for retirement. A
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How To Implement GASB no. 34
EXECUTIVE SUMMARY GOVERNMENTS PREPARING TO IMPLEMENT GASB Statement no. 34 should study its requirements and those of related statements issued before and after it, especially Statement no. 33, Accounting and Financial Reporting for Nonexchange Transactions, and Statement no. 37, Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments:
Beam Your Palm Business Card
Q. I’ve just started using the Palm and I want to be able to beam my business card to other Palm users. Can you help? A. Sure. Begin by creating an Address Book entry with the information you want on the card and store it. Once that’s done, tap on
Put Me In, Coach
EXECUTIVE SUMMARY COACHING IS A HYBRID PROFESSIONAL and personal service that has potential as a popular CPA service niche. CPA coaches do everything from assisting practitioners and other entrepreneurs to improve staff productivity to helping businesses target, acquire and integrate technology or other niche acquisitions. A COACH HELPS THE CLIENT
France Supports Global Credential
The growing number of accountancy organizations that are pursuing the establishment of a global professional business designation now includes France, the second European nation to join the group. Le Conseil Superieur de l’Ordre des Experts-Comptables, the leading professional association for French accountants, joined the initiative in September. The group represents
Reader Feedback
Reader Feedback The August 2001 issue presented a way to shade alternate rows in Excel worksheets so they look like a columnar pad. A reader, Jason S. McKeever, a technology trainer at Eide Bailly LLP of Fargo, North Dakota, suggested a faster way: Select the worksheet you want to format
Tax Practice Before the IRS
hose who wish to represent taxpayers (other than themselves) before the IRS—that is, enrolled agents and actuaries, attorneys and CPAs—are subject to specific rules and procedures, embodied in Treasury Circular 230. This past January, the Treasury Department proposed changes to those rules. PRACTICE DEFINED Tax practice includes all matters connected
The Standards Challenge
EXECUTIVE SUMMARY CPAs WHO IMPLEMENT ACCOUNTING STANDARDS at corporations are responsible for promoting the company’s accounting health and ensuring that management understands the impact of new regulations. THE FIRST CHALLENGE FOR ANY ACCOUNTING policy director is managing the sheer volume of output the regulators produce. The body of literature is
Pro Bono
PRO BONO Members of the New York State Society of CPAs are donating their services to businesses and individuals affected by the World Trade Center disaster. Since early October, the society has staffed an information table at 110 Maiden Lane in New York’s financial district. There, CPAs help victims complete
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Exhibit 2: Tax Refunds and NOL Carrybacks
A Fish Story—or Not?
ehaviorists tell us that lying is innate to the human species and comes about for two genetically programmed reasons: to receive rewards and/or to avoid punishment. Whether we lie depends on our calculation of the reward/punishment equation. This is called “situational honesty.” Because most of us are conditioned to believe
Workpaper Reviews: What You Can Do
EXECUTIVE SUMMARY WHILE AUDITORS MAY HAVE CONCERNS about turning over workpapers to regulators, in most cases there is little choice but to cooperate. FEDERAL REGULATORS INSIST they have no interest in auditing auditors but merely want to do their jobs more efficiently. The primary purpose of a workpaper review is
The Right Insurance Partner
ince the AICPA relaxed the contingent fee rules, CPA firms have flocked to insurance as both an urgently needed client service and a new source of revenue. However, even the largest and wealthiest accounting firms don’t have all the technical and managerial expertise necessary to serve a diverse client base
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Exhibit 2: Statement of Activities
Golden Business Ideas
Nurturing Talent In planning for the future, is your company checking its talent “inventory” and assessing who will be tomorrow’s leaders and who is worthy of promotion? When fast-track employees are identified early, there’s time to steer them to advance training programs that prepare them for new, more responsible jobs.
How To Get Pictures To Stand Still In Word
The solution sounds complex because there are a lot of steps, but in fact, it’s very simple. If you’re running Word 97, right-click on the picture in your document and pick Format Picture . On the Position tab, check the Float over text box. If the Move with text box
New AICPA Independence Rules Address Ethics Issues
SPECIAL REPORT New AICPA Independence Rules Address Ethics Issues T o help CPAs respond effectively to new ethical challenges they face in serving their clients, the Institute’s professional ethics executive committee adopted new and revised interpretations of the Code of Professional Conduct’s independence rule (see Official Releases
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Exhibit 1: Outsourcing Diagnostic Tool Lang offers this checklist to clients as a self-evaluation tool to help them determine whether to outsource a particular function. The client identifies the activity it is considering outsourcing and then rates it from 0 to10, to represent the degree to which it is core
Shortcuts
Shortcuts The New York Times listed these helpful shortcuts: Highlight a whole sentence by double-clicking anywhere inside the sentence while pressing the Ctrl key. Highlight a whole paragraph by positioning your cursor to the left of the target paragraph in a narrow area in which it becomes invisible. You’ll know
Institute, State Societies Help Attack Victims
The AICPA and the 54 state societies are setting up an emergency financial resource—the CPAs in Support of America Fund, Inc.—to help CPAs, firms and others cope with the aftermath of the World Trade Center and Pentagon catastrophes. For information on this effort or on the AICPA Benevolent Fund, which
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How to find the right CAS clients
The key to success with CAS is selecting the best clients. Tools like ideal client profiles (ICPs), buyer personas, and even artificial intelligence can help identify the businesses that best fit each CAS practice.
From The Tax Adviser
March 31, 2026
Current developments in taxation of individuals: Part 1
March 31, 2026
Current Developments in Taxation of Individuals: Part 1
March 6, 2026
