SPOTLIGHT o a few hardy CPAs, the 15th of April is only the second-most-important day of the month. The real highlight is the 17th—the day of the Boston Marathon. This year’s contenders will include 65-year-old CPA Harold Lanham of Harrodsburg, Ky., who began running just three years ago in an
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Useful Information
Laptop protection : Although LoJack won’t protect your laptop from being stolen, it can help retrieve it. When you install LoJack software it is programmed to hide in the laptop’s memory. When someone turns on the computer without also entering a code, LoJack silently goes into the detective mode. Then,
Is Disputed Partnership Income Taxable?
TAX CASE he claim of right doctrine requires taxpayers who receive disputed income to treat it as taxable income if there are no restrictions on how they can use this money. When there are restrictions—as when the disputed money is in an escrow account—they pay taxes on the disputed amount
Risk-e Mail
Source: Survey of 1,000 employees, Fortiva Inc., Norwalk, Conn., www.fortiva.com , 2005.
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2003 survey Percent who responded “yes, mostly or sometimes ” Size of firm Use on-screen review for tax preparation. Store a copy of clients’ tax returns in
Write On
The Sarbanes-Oxley Act has brought both opportunities and challenges. CPAs engaged to write documentation enter a new world of narratives, control assessments, testing and remediation plans—but writing documents with clarity is an art form. To improve your skills, avoid painful rewrites and produce great documentation, here are some simple tips:
Running Out of Gas
GOLDEN BUSINESS IDEA othing disturbs a good fishing trip like running out of gas a long way from shore. If you took the proper precautions before leaving the dock, though, you probably have a starter rope for the engine, sufficient gas and a couple of oars. Perhaps you even minimized
A Higher Standard
Source: IRS, www.irs.gov .
A Drop-down List To The Rescue
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
Allocating Tax Deficiencies
TAX CASE n specific instances, IRC section 6015 provides relief from joint and several liability imposed on joint tax returns. When a taxpayer qualifies for this relief, it is necessary to allocate the tax deficiency between the taxpayers who filed the joint return. The Tax Court recently examined the methodology
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Sample Agenda SUNDAY, JULY 10 4:00-6:00 p.m. Registration 5:00-6:00 p.m. Lawn party and cookout (students and parents invited) 6:00-6:50 p.m. Welcome, student orientation, and time to get acquainted 7:00-8:00 p.m. Panel: Career opportunities in accounting 8:00-9:00 p.m. Accounting case project 9:15 p.m. Dorm meetings MONDAY, JULY 11 7:30-8:30 a.m.
An Unhealthy Outlook
Source: Phone survey of 1,020 U.S. adults, USAA, San Antonio, Texas, www.usaaedfoundation.org , 2005.
Build a Better Career Path
Your future depends on how well you cultivate your staff. EXECUTIVE SUMMARY Small practices have to do more to attract and retain the talent they need to handle client services, work toward succession, increase firm value and effectively compete with larger firms. How employees are treated is as important to
No Boon for Boomers
SURVEY SAVVY In the animal kingdom, humans are the only species that feels the need to support their progeny into adulthood. Exactly half of baby boomers (50%) have been the primary support for their children, be they under or over 18, in the past year. Another 17% gave some financial
A Hearty Stock
Source: The 2005 Top 250: Long-Term Incentive Grant Practices for Executives, Frederic W. Cook & Company Inc., www.fwcook.com , 2005.
The Shadow Knows
SPOTLIGHT hen you want to learn what a job is all about, there’s nothing like spending a day shadowing someone who actually does it. So when Lillian Ceynowa at the AICPA’s Center for Public Company Audit Firms invited Troy Leonard to come to work with her, he jumped at the
Quicker to Walk?
Source: Survey of 1,271 executives, TheLadders, New York, www.theladders.com , 2005.
Smart Stops on the Web
PRACTICE MANAGEMENT SITES Your Company’s Conscience www.e-businessethics.com CPAs charged with keeping their firms and employers on the straight and narrow will find PowerPoint presentations here on corporate reform, Sarbanes-Oxley and the nature and scope of business ethics. Users can find a link to the 2005 National Business Ethics Survey
Unwelcome Interruptions
Source: Survey of 205 managers and senior executives, NFI Research, Madbury, N.H., www.nfiresearch.com , 2005.
Accounting Academy
From high school to the corner office. EXECUTIVE SUMMARY The board of directors of the Tennessee Society of CPAs (TSCPA) runs a summer accounting program targeting qualified high school juniors and seniors. The most important success factors were support from the Georgia CPA Society, the financial and personnel support of
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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
