This 10-question quiz isn’t as difficult as the CPA exam, but it isn’t easy.
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The magazines
Pioneer specialists
CPAs have been the leaders in offering clients tax preparation, planning, and advice since the early 20th century, when landmark legislation instituted taxes on corporate and individual incomes. This article traces the history and development of the CPA tax practitioner over the past century.
CFO round table: Managing uncertainty
Three CFOs from three very different industries offer insight into the fickle global marketplace—and how their roles are changing because of it.
The timeline: 1887–2012
Take a visual tour of the past 125 years of accounting through this illustrated timeline, which highlights significant events and notable people in the development of the AICPA, the accounting profession, regulation, and the economy.
125 technology quick tips
In honor of the AICPA’s 125th anniversary, the JofA presents 125 hints and pointers regarding technology topics such as Excel, Word, Outlook, PowerPoint, iPads, smartphones, Google, cool websites, and more.
Generation next
As the flood of baby boomers sweeps into retirement over the next two decades, a new wave of CPA leaders will rise. Where will these leaders take the accounting profession?
Technology and CPAs: Visions of the future
Which technologies will have the biggest impact on accounting, and how will they transform the profession? Which technology skills will CPAs need to be successful?
Journal of Accountancy News App
AICPA members can now enjoy an exclusive new benefit—the Journal of Accountancy News App for iPad. Featuring news from the JofA and CPA Letter Daily, and more than 15 AICPA news feeds, as well as the JofA’s monthly magazine content, videos, and more, the app is the definitive source for all the
Authors contributing to the June 2012 issue
Jordan D. Amin, CPA, is senior manager in the Tax Department at EisnerAmper LLP. His expertise includes the review of corporate, individual, and partnership tax returns. He is chair of the AICPA’s National CPA Financial Literacy Commission, an 18-member group that works to increase awareness of the importance of financial
Best practices for promotion of diversity in the accounting profession
At various summits over the past couple of years, leaders dedicated to the advancement of African Americans in accounting have proposed various strategies to promote diversity within the accounting profession. The most recent and extensive summit took place in December 2010, when four dozen accounting profession leaders and stakeholders met
Make your community more financially literate
Ninety-four percent of Americans say they have financial concerns of some sort, according to a 2012 Harris Interactive Survey conducted on behalf of the AICPA. These concerns range from the rising cost of gas to lack of emergency savings to retirement planning. Since launching in 2004, the award-winning 360 Degrees
In pursuit of inclusion: New initiative will focus on racial diversity
Even as Ken Bouyer looks with pride at the progress Ernst & Young LLP has made in recruiting minority candidates over the past 20 years, he realizes that his profession’s work to promote ethnic and racial diversity is far from over. Bouyer, E&Y’s Americas director of Inclusiveness Recruiting, said that
What’s your fraud IQ?
The inherent and evolving risks in the banking environment—especially concerning online transactions—command that account holders keep abreast of threats to their accounts, understand their rights and responsibilities as account holders, and take appropriate security measures to protect themselves from fraudulent bank account activity. Are you prepared to help your clients
Authors contributing to the May 2012 issue
Tax-Advantaged Investing for an Uncertain Economy page 28Seth Hammer, CPA, Ph.D., is a professor of accounting at Towson University in Towson, Md. He has written books and articles and spoken on tax strategies and investments, including CCH’s Investments and Taxes: A Practical Guide for Financial Advisors and Investment Tax Planning
From CGMA Magazine: Executives turn data into internal insight
Prolonged economic sluggishness—which has limited organic growth and stymied mergers and acquisitions the world over—has given many companies something they didn’t have when things were busier: time, and reason, to think differently about new ways to build value. One place they’re increasingly applying the magnifying glass: their own ranks. More
Auditing transition
With audit busy season ending, it’s time to start preparing for the transition to the clarified standards, which are effective for calendar year 2012 audits. A smooth transition requires information, education, and training. Take these steps to prepare for the clarified standards and minimize the transition’s effect on your firm
Line items
“Fresh Start” refreshed The IRS expanded its “Fresh Start” initiative in March to help struggling taxpayers. For the 2011 tax year, the IRS said, it will abate the failure-to-pay penalty (0.5% per month of tax due, up to a maximum of 25%) until Oct. 15, 2012, provided the tax, interest,
Partnerships can issue Schedules K-1 electronically
The IRS issued Rev. Proc. 2012-17, which contains rules partnerships must follow to supply Schedules K-1, Partner’s Share of Income, Deductions, Credits, etc., electronically. The guidance was effective Feb. 13. A person required to furnish Schedules K-1 to partners (furnisher) can do so in an electronic format, provided the recipient
Periodic payout reviews also advisable
What a great article and wonderful sage advice that appeared in the JofA (“When a client leaves or loses a job,” Feb. 2012, page 40). As a CFO and controller in industry, may I add that it would be wise for participants to periodically review their choices of payout to
Follow the conversation
Q: Our company’s employees communicate frequently through email, often with more than a dozen employees sending multiple messages back and forth related to a specific subject. The emails pile up in my inbox, making it difficult to follow the dialog exchange, and often I must sort through my inbox multiple
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FROM THIS MONTH'S ISSUE
Flip out with the latest Tech Q&A
The September Technology Q&A column shows how to create dynamic to-do lists with Excel's checkboxes and also how to set up multifactor authentication texts that don't rely on phones. Flip through both items and view a video walkthrough in our digital format.
From The Tax Adviser
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2025 tax software survey
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