I read with great trepidation “ Teaching for the Love of It ” ( JofA , Jun.06, page 30). Much to my delight, I found the piece to be accurate and well-balanced on the issue of transitioning accounting practitioners into the classroom. The article correctly implied that never before has
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The Work/Life Balance Sheet So Far
EXECUTIVE SUMMARY Studies show work/life balance programs go a long way to help CPA firms of all sizes attract and retain high-quality professionals and are a key factor in employee satisfaction. Successful programs address elder-care as well as child-care needs. The growing demand for attending to parents is one
Tips for Supervising Employees
TOP TEN 1 | Hire carefully. Hire for attitude; train for skills. You are better off with an employee who has a good attitude and really wants the job than one with a bad attitude who may be more knowledgeable. 2 | Establish workplace standards. Communicate your expectations. Make it
Practice Management
Strategic planning and developing a marketing plan are critical topics to be covered in live, online forums the AICPA’s Private Company Practice Section (PCPS) is offering free to its members. The series, which began in June, includes events in August and September, with others to follow, and features presentations by
A CPA in Every Pot?
SIGN OF THE TIMES ooking for a new job that will be a real challenge? How about president of the United States? Don’t let a lack of political expertise stop you—the American public appears to prefer to see a businessman get the nation’s top job. In a February FOX News/Opinion
Money Matters More
Source: Survey of 133 managers, NFI Research, North Hampton, N.H., www.nfiresearch.com , 2005.
MD&A Report Card
ON THE RECORD What is the state of MD&A disclosure? The staff in the SEC’s Division of Corporation Finance reviewed over 6,000 public companies’ filings last year. They tell me that generally, MD&A has improved. In many instances companies are better explaining their financial statements, providing and clarifying context and
A Raise in Your Allowance
BUSINESS TRENDS L ike the corn in Oklahoma, gas prices are as high as an elephant’s eye this summer—and that’s a hardship for those who do a lot of driving for their employers. The IRS already has upped the deduction unreimbursed travelers can take to 44.5 cents a mile. Now
Companies Boost 401(k) Participation
SURVEY SAVVY E mployers can help workers grow their retirement savings through a few simple strategies: introducing automatic enrollment in the company’s 401(k) plan, simplifying plan choices and better communicating the benefits. A May study by Hewitt Associates ( www.hewitt.com ) found that, in companies that had instituted automatic enrollment,
The Power of Politeness
GOLDEN BUSINESS IDEA Business etiquette expert Barbara Pachter, author of When the Little Things Count…and They Always Count, says being polite helps build up “politeness credits.” Here are her suggestions for nine polite business practices: 1 | Use polite words. Simple words such as “please,” “thank you” and “you’re welcome”
Government Accounting
The Federal Accounting Standards Advisory Board issued a concepts statement exposure draft titled Definition and Recognition of Elements of Accrual-Basis Financial Statements ( www.fasab.gov/pdffiles/ ). It seeks respondents’ views on proposed definitions of certain elements— assets, liabilities, net position, revenue and expense —in such financial statements and on the essential
Bridge the Tax Gap
Source: IRS, www.irs.gov .
Mother’s Day
Source: Online survey of 40,000 professional females, WorldWit, Boulder, Colo. www.worldwit.org , 2005.
XBRL
Strategic planning and developing a marketing plan are critical topics to be covered in live, online forums the AICPA’s Private Company Practice Section (PCPS) is offering free to its members. The series, which began in June, includes events in August and September, with others to follow, and features presentations by
Institute Honors Pincus As Outstanding Educator
Karen V. Pincus received the AICPA 2006 Distinguished Achievement in Accounting Education Award. AICPA Chair Leslie Murphy presented the award at the spring council meeting in Salt Lake City. “The future of our profession is built on the quality and the number of the young people who join us. That,
Government Auditing
The U.S. Office of Management and Budget (OMB) issued the Circular A-133 2006 Compliance Supplement ( www.whitehouse.gov/OMB/circulars/a133_compliance/06/06toc.html ), which identifies important federal requirements to be considered as part of an audit in accordance with the Single Audit Act and OMB Circular A-133, Audits of States, Local Government, and Not-for-Profit Organizations.
The Staffing Challenge
BUSINESS TRENDS Recruiting quality people has become a much more difficult task due to a strong labor market. When asked what their biggest short-term staffing hurdle was, accounting and financial professionals said: Source: “2006 Ajilon Workplace Staffing and Workplace Trends Survey.”
Recovering Litigation Costs
TAX CASE f a taxpayer successfully challenges the IRS, can that taxpayer recover reasonable litigation costs? Recently, the Tax Court applied the substantial justification standard when it reviewed Images and Allemeier , two cases involving litigation costs. In Images , Denise Lopez owned and operated a dance studio. The IRS
Tips to Win Campus Friends
fter nearly three decades in higher education, I had an epiphany—ivory-tower academics and real-world CPAs can benefit from a clearer understanding of the possibilities and limitations of on-campus classroom visits. Accordingly, here are tips with a twofold purpose: to encourage accounting students to become CPAs and to suggest to
Funding Retiree Health Benefits
TAX CASE s an employer responsible for fully funding its retirees’ lifetime health benefits? The Sixth Circuit Court of Appeals recently affirmed a district court’s decision that, indeed, an employer does have such a responsibility. The plaintiffs were retirees or surviving spouses of retirees of J.I. Case Co., which was
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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
