Government Accounting


The secretary of the Treasury, the director of the Office of Management and Budget and the comptroller general of the United States restructured the Federal Accounting Standards Advisory Board in January to increase the number of public members to six from three, decrease the number of federal government members to three from six and provide for terms of up to 10 years. ( www.fasab.gov/pdf/press_release_1-11-02.pdf )

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Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.

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What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.