2018 - Page 15 of 18 - Journal of Accountancy

The magazines

March 1, 2018

Final rules govern election out of centralized partnership audits

Eligibility for, and the mechanics of, the election are among the areas covered.

March 1, 2018

FASAB drafts federal standard to protect classified information

The proposal seeks to balance the public interest with security needs.

March 1, 2018

Online security: The password-recovery questions you should be answering

The challenge for organizations is to not make the security questions so difficult that users are unable to remember their answers later.

February 1, 2018

Bring more value to your clients with charitable planning

CPAs can forge stronger relationships with clients by offering them a service they expect and appreciate: charitable planning.

February 1, 2018

Tax Court trusts Congress’s use of subjunctive mood

Use of ‘as if’ in statute does not make a criminal restitution amount a tax, the court holds, and thus denies the IRS’s assessment of interest and additions to tax based on the restitution.

February 1, 2018

Congress enacts tax reform

Congress enacted tax reform legislation in December that will affect all taxpayers. Changes include new tax rates, modified credits and deductions, and a host of other amendments.

February 1, 2018

ERM for a changing world

Make effective use of the updated enterprise risk management framework from the Committee of Sponsoring Organizations of the Treadway Commission.

February 1, 2018

ASB issues new statement of position

Attestation guidance addresses third-party due-diligence services for asset-backed securities.

February 1, 2018

Microsoft Word: Developing checklists in Word

You can convert your Word forms, surveys, and checklists to interactive media simply by inserting some clickable check boxes.

February 1, 2018

Helping clients avoid employment tax criminal penalties

A CPA needs to detect a client’s nonpayment early and devise a plan for paying the back taxes.

February 1, 2018

Defined benefit plans in the big picture

Comprehensive financial planning can uncover when the advantages of a defined benefit plan for a small business might outweigh those of a defined contribution plan.

February 1, 2018

Line items

LB&I produces examiner’s overview of check-the-box rules … Guidelines issued for advising private foundations on grants … LB&I rolls out a second batch of compliance campaignS

February 1, 2018

Help small businesses choose the right employee retirement plans

Consider these vital factors when helping owners of small businesses select a retirement plan. A handy comparison chart shows what the most popular plans entail.

February 1, 2018

PCAOB issues staff guidance on new auditor’s report

Much of the new reporting model is in effect.

February 1, 2018

2 volunteers recognized for work in forensic accounting and business valuation

The AICPA’s FVS Section recognized two members as Volunteers of the Year.

February 1, 2018

Educators awarded for innovative accounting curricula

Seven educators received 2017 Effective Learning Strategies (ELS) Awards, which are given annually to professors in recognition of their innovative teaching practices and curricula in three levels of accounting coursework.

February 1, 2018

How to counteract unconscious biases

Once biases are ingrained, it is often tough to admit we have them, and even more difficult to unlearn them.

February 1, 2018

Frequent gambler was not a professional

A taxpayer was unable to convince the Tax Court that his gambling activity had a profit motive.

February 1, 2018

FASB combines guidance on 2 subjects into 1 topic

Income statements and comprehensive income are now covered in FASB ASC Topic 220.

February 1, 2018

How to choose the right software for retirement planning

Weigh these factors when choosing financial planning software to help clients with retirement planning.

FROM THIS MONTH'S ISSUE

Making the right choice when no one is watching

The true test of one’s character is the decision made when no one is looking over your shoulder. Learn how CPAs can uphold ethical standards and take actions that help limit liability risk.