2019 - Page 12 of 17 - Journal of Accountancy

The magazines

May 1, 2019

Avoid tax traps with a timely appraisal

New basis-consistency requirements make defensible valuations even more important.

May 1, 2019

Bonus depreciation safe-harbor rules for vehicles issued

Rev. Proc. 2019-13 allows a deduction in succeeding years of excess unrecovered basis remaining after the Sec. 280F first-year limitation.

May 1, 2019

Firms selected to co-sponsor scholarship and internship program focused on diversity

Each firm will co-sponsor one student for an internship during the 2020 tax season (January–April). The AICPA will then award up to $20,000 per student to assist with tuition in his or her final academic year.

May 1, 2019

New audit disclosures

Complying with the new PCAOB auditor’s reporting standard requires careful consideration of the most challenging matters in a public company audit.

May 1, 2019

A dozen Excel time-savers

I’ve compiled a list of a dozen Excel tricks that will help any CPA become more efficient and effective.

May 1, 2019

The meaning of qualified W-2 wages under Sec. 199A

Determine the best method for computing “total W-2 wages” for purposes of the Sec. 199A qualified business income deduction.

May 1, 2019

Scholarships aid 20 incoming freshmen pursuing careers in accounting

Twenty students received the second annual AICPA Foundation High School Scholarship for incoming college freshmen planning to pursue careers in the accounting profession.

May 1, 2019

FASB alters accounting for episodic TV series

The change is a response to the popularity of online streaming services.

May 1, 2019

Optimizing residential real estate deductions

The new Sec. 199A safe harbor and tangible property regulations offer ways for landlords to reduce taxable income from rentals.

May 1, 2019

Discovering a better answer

Meet Bill Reeb, CPA/CITP, CGMA, the AICPA’s 2019–2020 chair.

May 1, 2019

FASB proposes guidance for measuring share-based payments to customers

The change is intended to reduce confusion after a 2018 update.

May 1, 2019

Software offers ‘Fresh’ approach to small business invoicing

FreshBooks is a basic bookkeeping software package that specializes in providing invoices for very small businesses and freelancers. Launched in 2004, FreshBooks today offers cloud-based bookkeeping tools to manage invoices, payments, and expenses, and also to provide minimal time management.

May 1, 2019

GASB issues proposed lease accounting implementation guide

GASB issued a proposed implementation guide that is designed to help state and local governments understand the board’s new standard on lease accounting.

May 1, 2019

Developing your own specialized niche practice

CPA firms can establish a competitive advantage for themselves by concentrating on one type of client and developing deep expertise in a certain area.

May 1, 2019

Providing services to cannabis clients

CPAs should understand the unique risks associated with clients in the cannabis industry and formulate strategies to mitigate those risks.

May 1, 2019

IAASB aims to enhance engagement quality reviews

Changes would affect eligibility criteria and reviewer performance.

March 1, 2019

Lewis recognized for Tax Division contributions

Troy K. Lewis received the Tax Division Distinguished Service Award for outstanding contributions to the division.

March 1, 2019

PCAOB strengthens rules for auditing estimates, supervising specialists

A new standard emphasizes professional skepticism.

March 1, 2019

IRS clarifies new qualified equity grants

Income recognition from exercise or settlement of employer stock options and RSUs may be deferred for up to five years.

March 1, 2019

Young CPAs receive Standing Ovation in FVS

Twenty-six young CPAs were recognized through the Forensic and Valuation Services (FVS) Standing Ovation program for significant contributions in their accounting specialty areas and in their communities.

FROM THIS MONTH'S ISSUE

How a CPA beat burnout after strokes, depression

Get ready for tax season with the JofA’s annual filing season quick guide, an easy-to-use compilation of dollar thresholds, tax tables, standard amounts, credits, and deductions. Download and print for quick reference this tax season.