Streamlined processing of installment agreements is more widely offered … Security Summit introduces ‘trusted customer’ features .. IRS scraps COD 36-month nonpayment testing period
FASB amends restricted-cash reporting rules
GAAP doesn’t currently address classification and presentation for restricted cash.
Take a hike: Ending client relationships
Treat a client termination as if it were a hike through uncharted lands.
FASB proposals address modification accounting, liabilities, and equity
Accounting for share-based payments and certain financial instruments may change.
Expanding your app-titude: Stop robocalls to your cellphone with Nomorobo
Nomorobo protects voice over internet protocol (VoIP) landlines and cellphones using “simultaneous ring.”
Write a LinkedIn profile that draws in recruiters
Invest time in your LinkedIn profile to create the right impression and attract opportunities.
FinREC issues revenue recognition working drafts for airline, gaming industries
‘Tier status’ affinity programs are among the issues.
Providing a future: A succession story
For the good of clients and employees, Virginia-based Wall, Einhorn & Chernitzer PC has made long-term success a priority. A gradual, five-year buy-in process is designed to make it affordable for new shareholders to move into their positions in the firm’s leadership.
Whether to amend a return
While taxpayers have no duty to correct an error or omission in a filed return, practitioners must inform them of the consequences.
Addressing a career concern
A rising star used these techniques to overcome concerns about her performance.
IRS warns tax professionals of another email phishing scam
The latest ploy mimics an IRS request for e-services validation.
District court reverses emotional distress damages award against the IRS
Sovereign immunity protects the Service from its violation of an automatic bankruptcy stay.
AICPA urges changes to employee benefit reporting proposal
2 comment letters express concerns about inconsistencies and confusion.
Sec. 457(f) plans get helpful guidance
Rules would clarify the types of arrangements that may be currently taxable even while payments are deferred.
Find a mentor, land a new job
What happens when your mentor offers you a job? Kenneth Ashe, CPA, CGMA, lived that experience.
Taxpayer claims the IRS lost her return; bankruptcy court discharges debt
The Service fails to prove that it never received the return.
Microsoft Excel: 3 ways to calculate internal rate of return in Excel
Excel offers three functions for calculating the internal rate of return, and I recommend you use all three.
Flexibility as a retention tool
CPA firms are using employee-friendly working arrangements to aid retention in a challenging labor market, according to the 2016 Management of an Accounting Practice (MAP) survey
Client accounting services driving revenue growth
The gains are especially big among large CPA firms.
Golden reappointed chairman of FASB; PCC gets new members
SEC names Bricker chief accountant.
Features
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AI risks CPAs should know
Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.
