Take care when providing clients with referrals to other professionals.
Payroll outsourcing services described
Some assume liability for taxes and/or responsibility for returns.
Excel 365 has X-cellent upgrade over VLOOKUP
Kelly L. Williams, CPA, Ph.D., explains how to use XLOOKUP, a new function for Excel 365 users that essentially replaces VLOOKUP and HLOOKUP.
Why risk assessment merits increased auditor focus
In an effort to boost audit quality, the AICPA Peer Review Program is monitoring for instances where firms misunderstand the risk assessment standards. Data suggests that auditors need to devote more attention to assessing the risk of material misstatement and designing appropriate procedures.
Unclaimed property: What is it, and what are the risks?
CPAs must follow proper policies and procedures to avoid state audits and steep penalties caused by noncompliance with unclaimed property regulations.
Deducting losses in the CARES Act’s window
For a limited time, taxpayers have flexibility for using net operating losses.
John Colucci, CPA, J.D.
When selling or buying CPA firms, leaders must make sure they find a good cultural fit, according to John Colucci, CPA, J.D.
Tech tips for remote work
Maximize comfort and productivity with an optimized internet connection and a decluttered digital desktop.
Make sure staff get the right CPE
Firms can maximize the benefits of continuing education by creating a process that directs staff to take courses that best meet their own needs and the needs of the firm.
Pandemic accounting: How to make the right judgments
Guidance exists on numerous specific financial reporting issues related to lease concessions, various forms of government assistance, and loan restructurings. Here’s how you can find it.
Taxpayers are allowed charitable contribution deductions for land
The donations had donative intent, were reasonably valued, and were supported with documentation that substantially complied with the regulations, the Tax Court finds.
Student overcomes adversity to earn Medal of Inspiration
Joyce Chung, a student at the University of North Carolina at Charlotte, received the Medal of Inspiration Award, which is given to a Beta Alpha Psi student member who has experienced extreme hardship and demonstrated an unusually high level of success despite that adversity.
N.J. business incentive grants are taxable
The Third Circuit reverses the Tax Court, which had held the relocation payments to be nonshareholder capital contributions.
Check your exposure on the dark web
A look at applications, gadgets, and other technology that can improve a CPA’s job and life.
Awards recognize outstanding CPAs in government
The Outstanding CPA in Government Impact Awards recognize significant contributions from CPAs to the efficiency, effectiveness, or innovative service delivery of their local, state, or federal employer organizations.
Limiting the impact of negative QBI
Here are the rules for the treatment of negative QBI and some planning ideas for mitigating its effect on the QBI deduction.
Preparers beware: PTIN fees are back
After a lengthy hiatus and despite ongoing litigation, final regulations are in place.
Academics honored for achievements in education and accounting literature
The AICPA recognized four academics for their teaching and research during the annual American Accounting Association (AAA) meeting.
4 ways to unleash the power of OneNote
The key to success with OneNote is having a good understanding of its architecture and enabling some of the less obvious features that supercharge the tool.
Recruiting top finance talent in the public sector
Prospective employees often seek more than just a hefty starting salary. Here’s how to fire up your hire power.
Features
SPONSORED REPORT
How to find the right CAS clients
The key to success with CAS is selecting the best clients. Tools like ideal client profiles (ICPs), buyer personas, and even artificial intelligence can help identify the businesses that best fit each CAS practice.
