PRIVACY The Securities Industry Association releases a Harris Poll survey that shows most Americans understand and are satisfied with the “opt-out” privacy provisions brokerages, banks and insurance companies offer in accordance with the Gramm-Leach-Bliley Financial Services Modernization Act ( www.sia.com/press/html/pr_opt_out.html ).
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Exhibit 3: DCF Enterprise Value Matrix Growth rate Discount rate 3.0% 4.0% 5.0% 16.0% $9,234,926 $9,685,096 $10,217,117 17.0% $8,768,854 $9,158,042 $9,612,093 18.0% $8,353,778 $8,693,957 $9,086,471
Ranking the Products
Tax preparation software products continue to get high marks from the professionals who use them, with 83% reporting that they are sufficiently satisfied with the products they use that they do not plan to switch this year. That’s the conclusion of a survey conducted by the National Association of Tax
The XYZ Credential
SPECIAL TO THE JOURNAL OF ACCOUNTANCY Editorial written by Jim Emerson, president, The Emerson Company, which has been the leading analyst for the larger professional service firms for nearly 20 years. Emerson’s Opinions on Professional Services is a publication issued periodically by The Emerson Company and serves as a forum
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Exhibit 1: Measuring Cash Flow
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Exhibit 2: Where in the Marketplace World?
Future Cash Flow Measurements
EXECUTIVE SUMMARY FASB ISSUED CONCEPTS STATEMENT NO. 7 TO HELP CPAs who use present value and cash flow information as the basis for accounting measurements. Using Cash Flow Information and Present Value in Accounting Measurements includes general principles governing accountants’ use of present value, particularly when the amount of future
Valuing a Decedent’s Closely Held Stock.
Valuing a Decedent’s Closely Held Stock A contentious issue in estate taxation is the valuation of stock in a closely held corporation. The fair value of such stock at the valuation date may be difficult to determine since no market quotations are available. Treasury regulations section 20.2031-2(f) and revenue ruling
Remove Floppy or CD In An Emergency
Q. A colleague told me that I can remove a CD or floppy that’s stuck in its disk drive with a paperclip. Is that true? I’m hesitant to try it, for fear it will destroy my computer. A. Your colleague is correct. If you look just below the slot where
Sunk by Options
EXECUTIVE SUMMARY STOCK OPTIONS, OFTEN A QUICK path to riches, can become a costly burden if the stock market tumbles and the instruments are handled incorrectly—a combination of events that both executives and rank-and-file workers have recently experienced. MANY OPTION RECIPIENTS are blissfully ignorant of the investment and tax-related perils
The Right Way to Start a Practice
MONTHLY CHECKLIST SERIES The Right Way to Start a Practice Deciding to strike out on your own isn’t easy, but if you’ve already made up your mind to take the plunge, consider the following recommendations. Gleaned from practitioners’ experience, they could tip the scales in your favor. FIND THE RIGHT
Should You Invest in A Flat-Panel Monitor?
» Key to Instructions To help readers follow the instructions in this article, we used two different typefaces: Boldface type is used to identify the names of icons, agendas and URLs. Sans serif type shows the names of files and the names of commands and instructions that users should type into
“Technology Users, Manufacturers Back AICPA Assurance Products”
The PKI Forum, Inc. ( www.pkiforum.org ), a group of software vendors and computer users, endorsed the security and privacy standards WebTrust ( www.webtrust.org ), an AICPA Internet assurance service, uses to audit certification authorities (CAs). By issuing digital certificates, which verify the identity of participants in online transactions, CAs
Best Way To Put Pictures In Word
Q. I frequently cut and paste pictures into my Word documents. That works okay, but the files get really fat, and if I e-mail them, which I often do, they take forever to transmit. I don’t want to go through the extra step of compressing them. Any ideas? A. First
Make an Excel Formula Constant
Q. Sometimes an Excel convenience can become a handicap. For example, if you move a formula to a new location, Excel will automatically change the formula to reflect the new location. But that automatic action can be a pain if you want the formula to remain constant—not to adjust to
Sham Transactions
Sham Transactions What constitutes a “sham transaction” for tax purposes? U.S. case law has evolved to incorporate business purpose and economic substance as critical elements in determining what constitutes a sham. Under the subjective business purpose test, the court attempts to measure the taxpayer’s intent. Traditionally, it has done this
Replace A Lost Desktop Icon
A. I understand your concern: That little icon is one of the most useful tools in the Windows Taskbar. When you click on it, you’re taken right to the Desktop. To replace it, you must create what’s called an .scf file. However, you cannot create the file in Word. You
CPA2Biz Explains Itself
The Web site of CPA2Biz, the AICPA- and state-society-sponsored Internet portal that serves the accounting profession, now offers information on its products, services and background in the form of answers to frequently asked questions (FAQs). They can be viewed at www.cpa2biz.com/cs2000/faq.htm .
Banking
BANKING Members of the House and Senate submit bills that would make it easier for small businesses, including community banks, to incorporate under subchapter S of the Internal Revenue Code. Under it, shareholders—but not the company—pay tax on the entity’s income, unlike C corporations, which are taxed at both levels.
Golden Business Ideas
Put an End to Surprises This is a memo to the boss: Surprise! Isn’t that the last thing you want to hear—especially if it’s bad news? Yet, as you probably know, most bad news surprises aren’t surprises at all—except to you. They are problems that have been building, step by
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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
