2020 - Page 4 of 11 - Journal of Accountancy

The magazines

September 1, 2020

Kelly Bosch, CPA

Capitalizing on available data while protecting privacy and security is a key objective for University of Oregon Foundation CFO Kelly Bosch, CPA.

September 1, 2020

Recent developments for municipal bond investors

Munis remain as popular as ever, but states’ fiscal woes from COVID-19 and other trends could alter the investing landscape.

September 1, 2020

Line items

Siloing’ NOLs against UBTI explained … ‘Incidental’ personal property allowed in like-kind exchanges

September 1, 2020

IRS setoff of tax overpayment upheld in bankruptcy

Government’s right withstands Chapter 7 debtors’ attempt to exempt tax overpayment.

September 1, 2020

More flexibility for agreed-upon procedures

Statement on Standards for Attestation
Engagements (SSAE) No. 19, Agreed-Upon
Procedures Engagements, provides practitioners more flexibility for performing agreed-upon procedures engagements.

September 1, 2020

$24 million in transfers were not gifts

A former business partner’s wire transfers are held includible in the taxpayer’s income.

September 1, 2020

The new charitable deduction for nonitemizers

A one-time deduction of up to $300 can be taken directly on individual returns.

September 1, 2020

One CPA financial planner’s approach to retirement

Mackey McNeill, CPA/PFS, founder of Mackey Advisors, based in Bellevue, Ky., developed a process for encouraging clients to discuss the nonfinancial aspects of retirement.

September 1, 2020

Avoiding the sales tax economic nexus train wreck

As states become ever more aggressive in pursuing companies to collect sales tax in the wake of the Wayfair ruling, businesses must be alert to possible exposure.

September 1, 2020

State conformity to CARES Act relief

Relative to CARES Act tax provisions, state conformity to date is varied.

September 1, 2020

Ask the expert: Talent strategies

Mike Schneider, East Region Managing Partner, Audit for KPMG LLP, offered insights into how the firm is dealing with the changes to its workplaces while continuing to serve clients.

September 1, 2020

Golf course easement served a valid conservation purpose

The Eleventh Circuit reverses the Tax Court’s denial of a deduction for a qualified conservation contribution.

September 1, 2020

Early warning signs of a large malpractice claim

Learn ways to identify and mitigate the risk of a large claim before it happens to your firm.

September 1, 2020

Advice from ENGAGE

The ENGAGE 2020 conference went all virtual this year because of the pandemic but still featured useful tips on accounting, auditing, technology, client services, and more.

September 1, 2020

2020 tax software survey

CPA tax preparers take stock of an indispensable tool of the trade.

September 1, 2020

Microsoft Excel: Quickly bring blank cells to your attention

An easy way to bring attention to blank cells is to have them appear as a different color than the other cells on the worksheet.

September 1, 2020

Talk about more than money when readying clients for retirement

Discussing the nonfinancial side of retirement with clients gives them a better idea of what to expect and gives CPA financial planners insight into how much they might spend.

September 1, 2020

2020 tax software survey: Shares of respondents and product and company information

Bonus: The percentages for all 13 products, including a breakdown of their usage among firms ranked by ranges of numbers of preparers, in the 2020 tax software survey.

September 1, 2020

Ask the expert: Cybersecurity

Accounting professionals know that data security is a more urgent concern than ever. Dustin Hall, a cybersecurity expert and director of CPACharge, recommends the following security tips to CPAs.

September 1, 2020