The misalignment of expectations between clients and CPA firms regarding client accounting services can lead to professional liability risk.
Volunteer board member of not-for-profit may assert reasonable cause for unpaid payroll taxes
A district court holds that reasonable cause remains an issue.
New compilation and review report requirements issued
Provisions take effect June 15, 2019.
Preventing elder fraud
By learning about the various types of elder financial abuse and getting to know clients’ families, CPAs can protect vulnerable clients from fraud.
GASB issues implementation guidance
Pensions, post-employment benefits, and more are addressed.
Insights on key trends in an evolving profession
Financial planning, recruiting talent, audit innovation, and process automation were among the many issues addressed at the AICPA ENGAGE 2018 conference. Learn what the experts had to say.
FASB simplifies accounting for share-based payments
The change aligns accounting of transactions for employees and nonemployees.
IRS to clarify rules on payments in lieu of state and local taxes
The Service warns that a substance-over-form recharacterization may ensue.
SEPs: Simple but not always optimal
Simplified employee pension (SEP) plans can be attractive in the short term but over the long term can be expensive, inefficient, and inflexible.
New skills essential for thriving amid digital disruption
Technology is transforming work and home life.
Taking the risk out of risk assessment
Compliance with risk assessment standards is a prerequisite for a high-quality audit. Following these tips can help practitioners avoid common mistakes.
Client communications protected by Sec. 7525
Knowing when this key protection does not apply is just as important for tax practitioners as knowing when it does.
Having fun with thumb drives (and USB hubs)
Novelty USB hubs and thumb drives are not usually your best option for business purposes for a few reasons.
Microsoft Excel: Create a picture-based dashboard report
There are many ways to create a dashboard in Excel, but my preferred method may surprise you.
SEC unveils goals for next 4 years
Draft strategic plan focuses on commission’s need to react to new investing technologies.
US companies are finding fewer candidates
Staffing problems are a challenge in a hot economy.
Bridget Kaigler, CPA, CGMA
Meeting with people directly — rather than relying on a phone call or email — is one of the simple methods Bridget Kaigler, CPA, CGMA, suggests professionals use to build their reputation as leaders.
PEO is statutory employer
The Tax Court allows a refund of overpaid Social Security taxes to professional employer organization Paychex.
Microsoft Office: Rounding time in Excel
How to round time calculations to the nearest 10th of an hour, or six-minute increments.
FASB proposes targeted changes to collaborative arrangements standard
Questions arose with the new revenue recognition standard.
Features
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.
