2019 - Page 13 of 17 - Journal of Accountancy

The magazines

March 1, 2019

Estate and gift exclusion clawback addressed in proposed regs.

A special rule allows the TCJA’s higher exclusion amount to continue to apply in some instances after the provision’s scheduled sunset.

March 1, 2019

Medical marijuana dispensary is denied increases to its COGS

The taxpayer, as a reseller, could not include indirect inventory costs in its cost of goods sold.

March 1, 2019

Dealing with subpoena requests for digital data

CPA firms should evaluate their record storage procedures and consider updating policies for electronically stored information.

March 1, 2019

Mentoring tax staff

A well-designed, well-executed, and well-managed mentoring program can be an advantageous investment for a tax firm.

March 1, 2019

Trust and estate income tax returns under the TCJA

The law known as the Tax Cuts and Jobs Act affects many aspects of these so-called fiduciary returns.

March 1, 2019

Line items

IRS clarifies nondeductibility, UBTI inclusion of qualified parking fringe benefit … Tesla reaches credit phaseout sales threshold … Standard mileage rates for 2019

March 1, 2019

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.

March 1, 2019

FASB proposes extending 2 GAAP alternatives to not-for-profits

Private company exceptions may see wider use.

March 1, 2019

ASB changes align GAAS with PCAOB standards

The AICPA’s Auditing Standards Board (ASB) voted to issue a new auditing standard, Omnibus Statement on Auditing Standards — 2019.

March 1, 2019

New tax transcript practice

IRS changes are intended to better protect taxpayer data.

March 1, 2019

Microsoft Excel: 10 Excel shortcuts

Handy Excel shortcuts from Technology Q&A author J. Carlton Collins, CPA.

March 1, 2019

Microsoft Windows: Save time with these 6 Windows shortcuts

Six handy Windows shortcuts, from Technology Q&A author J. Carlton Collins, CPA.

March 1, 2019

Minority Doctoral Fellowship aids in the journey toward becoming accounting professor

Twenty-five doctoral students received the AICPA’s annual Minority Doctoral Fellowship, providing the recipients with $12,000 to aid them on their journey toward becoming accounting professor role models to future CPAs.

March 1, 2019

Forensic services engagements standard proposed

The AICPA Forensic and Valuation Services Executive Committee developed and issued for comment a standard for engagements of forensic services.

March 1, 2019

Effective financial projections for a startup

Meaningful and easy-to-understand financial projections can bridge the communication gap between investors and entrepreneurs.

March 1, 2019

Mastering accounting for business combinations

Finance has a pivotal role to play in facilitating a successful acquisition or merger — and in performing the challenging accounting associated with a business combination.

March 1, 2019

Changes related to peer review proposed for UAA

A state-by-state effort could follow.

March 1, 2019

PEEC issues new and revised interpretations

Confidential client information and independence were addressed.

March 1, 2019

FASB works to ease lessor accounting challenges

Tweaks and updates addressed implementation challenges.

March 1, 2019

Scholarship helps accounting students transferring from two- to four-year schools

Twenty-four students received Two-Year Transfer Scholarships, which award $5,000 each toward the tuition of exemplary students transferring from a two-year college to a four-year college or university to finish their accounting degrees.

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.