Source: IRS, www.irs.gov .
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Striking a Balance
SIGN OF THE TIMES
State of the Economy
ON THE RECORD —Federal Reserve Chairman Ben S. Bernanke, April 27 testimony to the Joint Economic Committee of Congress. “As the utilization rates of labor and capital approach their maximum sustainable levels, continued growth in output—if it is to be sustainable and noninflationary—should be at a rate consistent with the
Search Multiple Worksheets
I usually work with a spreadsheet that contains as many as 24 worksheets. When I do a search using the Find command, I have to repeat the command for each worksheet. Is there a way to command Find to search all the worksheets in one swoop? Yes, not only can
Get the Word Out
EXECUTIVE SUMMARY CPAs can use Web sites to store many years of data, permitting clients quick and easy access 24/7. The sites, also called reporting portals, can handle data that are formatted in many different ways. Data that are otherwise hard to display can be formatted without any special technology
Good News for Employers
Source: IRS, www.irs.gov .
The Last Word: Glenn Milus
Glenn Milus, CPA CEO, MindLab Inc. Century City, Calif. A FRIEND AND I STARTED MINDLAB ia financial management company, about four years ago, though for the first two years I also kept my day job at Honeywell Inc. Our clients include five football players who’ve been drafted into the NFL,
The Small Firm Advantage
EXECUTIVE SUMMARY Despite their modest size, local practices have many real advantages that give them a competitive edge in recruiting, retention, client service and other vital business areas. PCPS is undertaking many new efforts to support its small firm members, and is rededicating itself to initiatives and publications that highlight
Are Your Qualified Retirement Plans Up to Date?
Various changes in tax law have had a positive impact on how much Americans can save in qualified retirement plans. By reviewing the different types of plan designs before the end of 2006, CPAs and their clients may be better able to capitalize on some of these changes. Here are
Money Laundering
The IRS, 33 states and Puerto Rico agreed to share Bank Secrecy Act (BSA) information and coordinate their resources to ensure that currency exchangers, check cashiers, money transmitters and issuers of traveler’s checks and stored-value cards—known as money services businesses (MSBs)—register with the government and report cash transactions and suspicious
Data Point $105,000
The amount private organizations spend on corporate governance procedures per year—an increase of 26% over the pre-Sarbanes-Oxley tab. Source: “The Impact of Sarbanes-Oxley on Private & Nonprofit Companies,” Foley & Lardner LLP.
Going It Alone
Source: Barometer Surveys, PricewaterhouseCoopers, New York, www.barometersurveys.com , 2006.
The Impact of the Deficit Reduction Act of 2005
July 2006 > Going Forward With Reverse Mortgages RETIREMENT PLANNING/WEALTH MANAGEMENT Going Forward With Reverse Mortgages The benefits and pitfalls of borrowing against your home. by Howard Godfrey and Edward Malmgren EXECUTIVE SUMMARY Increased life expectancy has caused the elderly to need more funds after retiring,
What an Upper!
Source: IRS, www.irs.gov .
Spending Goes Up When You Can Charge That Soda
CONSUMER ALERT No longer just for big spenders, credit cards more and more are being used for small purchases such as sodas, pretzels and candy bars. Two years ago cashless transactions were introduced at fast-food restaurants; now such “microtransactions” are hitting the Coke machines. But consumers beware: A survey by
Guide to Forensic Accounting Investigation
By Thomas W. Golden, Steven L. Skalak and Mona M. Clayton 576 pages; hardcover John Wiley & Sons, 2006 I n A Guide to Forensic Accounting Investigation, forensic accountants and auditors Thomas W. Golden, Steven L. Skalak and Mona M. Clayton explore what assurances auditors should provide in a post-Sarbanes-Oxley
A Strategic Player
EXECUTIVE SUMMARY Many companies are raising the expectations for their chief audit executives (CAEs) to include operating at more strategic levels of risk management and corporate governance. Successful CAEs must partner effectively with the audit committee and other members of the senior management team to achieve their objectives. To be
Christopher Cox Quote
AS QUOTED “The verdict makes clear that high-level corporate executives who deceive the investing public for personal gain will be held fully accountable.” —SEC Chairman Christopher Cox, on the Enron verdict
AMT = A Mean Tax
Source: IRS, www.irs.gov .
Refining the Definition of a Capital Asset
TAX CASE ection 1221 of the tax code broadly defines a capital asset. Over time the courts have attempted to narrow that definition and eliminate confusion. Recently a Third Circuit Court of Appeals ruling brought further clarification. In June 1991 George and Angeline Lattera purchased a Pennsylvania lottery ticket for
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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
