SURVEY SAVVY Source: www.mckinseyquarterly.com .
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The magazines
What’s Up With Uncle Sam?
Source: IRS, www.irs.gov .
Know What I Mean?
GOLDEN BUSINESS IDEA
Professional Issues
The AICPA Work/Life & Women’s Initiatives Executive Committee issued “Women’s Summit: Helping Women Professionals Succeed,” a collection of valuable data and best practices resulting from the first AICPA Women’s Summit, held October 2005 in Chicago ( www.aicpa.org/worklife ). The managing partners, human resources professionals and female CPAs in attendance shared
Teaching for the Love of It
nce they earn their college degrees and embark on careers, many CPAs are perfectly happy never to see the inside of a classroom again. But others can’t wait to return. What happens when they follow their hearts and minds back to campus? To find out, we interviewed eight professionals—seven CPAs
XBRL
XBRL International, an AICPA-founded, not-for-profit global consortium of more than 400 companies and agencies working to promote technology for better and easier financial reporting, established the XBRL Standards Board to strengthen the quality, consistency and stability of the group’s technical materials and increase the openness and formality of the process
“Delinquent Filers, Beware!”
Source: IRS, www.irs.gov .
The Last Word: Gretchen Reeves
Gretchen Reeves, CPA U.S. National Mountain Bike Marathon champion, 2004–2005 Principal, Reeves CPA LLC Boulder, Colo. I graduated from the University of Georgia in 1994 with a BA in accounting, and immediately moved to Colorado to become a professional mountain biker. I knew if I was going to do it
Where the Money Goes
SURVEY SAVVY Source: Survey of businesses with revenue of up to $25 million (small) and from $500 million (midsize), Commercial Consumption Expenditure Index, Visa USA.
Innocent Spouse Provisions and Community Property
TAX CASE ndividuals who file a joint tax return accept joint and several liability for any underpayments. IRC section 6015(a) provides an innocent spouse protection from an assessed deficiency due to an understatement of taxes because his or her spouse incorrectly reported items. A person who is no longer married
Jump on the Blog Wagon
Corporate blogs—Web pages that serve as publicly accessible journals with short, frequently updated chronological posts—are the new black. They offer direct communication with your clients at low implementation costs—but they’re not right for every firm. Use these key principles to ensure that your blog becomes an asset, not a liability.
Made in America
EXECUTIVE SUMMARY IRC section 199 provides a permanent and recurring deduction equal to 3% to 9% of the lesser of qualified production activities or taxable income, which cannot exceed 50% of W-2 wages paid. The deduction applies to activities related to installing, developing, improving or creating goods that are “manufactured,
Institute Briefs Congress on Its Financial Reporting Innovations
AICPA President and CEO Barry C. Melancon testified at a March hearing of the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises regarding two AICPA-launched initiatives—extensible business reporting language (XBRL) and enhanced business reporting (EBR)—that are key elements in a new financial reporting model much needed
Smart Stops on the Web
TECHNOLOGY SITES Open a New Window www.annoyances.org CPAs looking for Microsoft Windows troubleshooting advice can get articles, discussion forums and links to detailed guidance here. Users can find out the difference between various Windows versions, see a road map of their operating systems, learn how to customize their PCs and
Cherry-Picking Sarbanes-Oxley
EXECUTIVE SUMMARY Private companies and charities aren’t required to comply with the Sarbanes-Oxley Act. But they can adopt some of its requirements as best practices. Cherry-picking the provisions that will help them the most means they can get maximum benefit at minimum cost. Among the private entities that might want
FYI
The Public Company Accounting Oversight Board (PCAOB) named two CPAs deputy chief auditors. Laura Phillips will provide technical direction on the development of the board’s standards and ensure they and related information are available and appropriately communicated to public company auditors and other interested parties. Jennifer Rand will oversee and
International
The International Public Sector Accounting Standards Board of the International Federation of Accountants released a paper, “The Road to Accrual Accounting in the United States,” that offers practical insights for jurisdictions making or considering a conversion from the cash basis of accounting. It outlines the development of administrative arrangements for
Highlights
The Securities and Exchange Commission approved the Public Company Accounting Oversight Board’s (PCAOB) new rules concerning ethics, independence, tax services and contingent fees. The SEC said it expects the PCAOB will issue additional guidance to facilitate implementation of the rules, which generally require a PCAOB-registered firm and those associated with
Be a Great Manager
Executive training programs are booming. Many alternatives are available to CPAs who want to expand their management skills.
Rate Yourself in the Paperless Race
The pace of the changeover is mixed in some areas and quickening in others, but on average accountants are using more paperless methods to save time and money.
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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
