Payments a woman received under a voluntary egg-donation contract could not be excluded from income as damages for physical injury or sickness under Sec. 104(a)(2).
10 situations when a CPA should call “timeout”
This article highlights situations when a tax accountant needs to recognize that it’s time to call in legal counsel.
How to make flexible working work
As work/life balance becomes a higher priority for professionals worldwide, more companies are offering staff the opportunity to work remotely.
The importance of tax quality control
Quality control (QC) is of utmost importance when delivering professional services, including tax planning and compliance services.
Not-for-profit
Not-for-profit news from “News Digest.”
Small businesses excused from filing Form 3115 to comply with repair regs.
IRS provides relief requested by AICPA and numerous others for accounting method changes.
Goodman earns award for PFP service
Michael Goodman, CPA/PFS, founder of Wealthstream Advisors Inc., received the 2014 Personal Financial Planning Distinguished Service Award.
IRS issues new and revised passenger automobile depreciation limits
New figures for 2014 reflect the retroactive extension of bonus depreciation.
Wendy Tietz, CPA, CGMA, Ph.D.
A conversation with Wendy Tietz, CPA, CGMA, Ph.D., Associate Professor of Accounting at Kent State University.
My favorite quotes
How to restore the stock quote query functionality in MSN MoneyCentral Stock Query.
Maher receives Lifetime Contribution Award for teaching, research, and practice
Michael Maher, professor at the University of California, Davis, Graduate School of Management, received the 2015 Lifetime Contribution Award from the AICPA and the Management Accounting Section of the American Accounting Association.
News highlights for April/May 2015
A proposal FASB expects to issue for public comment in mid-April is aimed at enhancing the usefulness of the financial statements of not-for-profit organizations.
Employee benefits
Employee benefits news from “News Digest.”
Send cash so I’ll know you are OK
Is there an electronic payment solution for reimbursing friends or giving money to my children so I don’t have to carry as much cash, and also so I can track my personal transactions?
Government
Government news from “News Digest.”
Carlton’s pondering
Why is it that as CPAs we mastered the 10-key calculator with number pads numbered from the bottom up, but our smartphones display number pads numbered from the top down?
Researchers recognized for work in management accounting
Scott B. Jackson, professor at the University of South Carolina; Timothy M. Keune, assistant professor at the University of Dayton, Ohio; and Leigh Salzsieder, assistant professor at the University of Missouri–Kansas City, received the Greatest Potential Impact on Management Accounting Practice Award for their research into bias that affects investment decisions, and its implications for global business.
Anti-splitter rules finalized
The IRS issued regulations under Sec. 909 regarding the foreign tax credit splitter rules.
Sec. 4980D excise tax relief is available for certain small employers
IRS gives limited transition relief for employer payment plans and 2% S corporation shareholder arrangements.
Revenue recognition revisited
A reexamination of new revenue recognition rules has led to tinkering with the standard that is considered the biggest achievement of the convergence efforts of FASB and the International Accounting Standards Board (IASB).
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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.
