IRS disagrees with Paychex holding … OIC fee is higher, but with more low-income assistance … KPMG director is named national taxpayer advocate
Financial planning strategies for depressed asset values
Consider these financial planning strategies in a period of low interest rates and high volatility.
Keep or toss? A guide to CPA firm record retention
Develop a record-retention policy that follows prudent practice without turning into hoarding.
Do-it-yourself accounting automations
Accounting automation is no longer limited to companies with developers capable of connecting applications with APIs.
Reaching the SUMIF
The SUMIF function provides a quick and simple way to create a sum based on a specific criterion, such as the type of audit.
Hedge accounting may be more beneficial after FASB’s changes
FASB’s changes to its hedge accounting standard may provide companies with new alternatives to account for their risk management activities. Here is some background on hedge accounting, what is changing, and how it has emerged as a more viable approach.
Look before you leap into a 529 plan
Circumspection is called for in funding students’ higher education.
Pandemic alters lease accounting landscape
The coronavirus pandemic has led to a likely delay in the effective date of FASB’s new lease standard as well as an environment in which lease concessions may lead to new accounting considerations.
Forensic accountants team up to fight elder abuse
Forensic accountants play a key role in an innovative approach to combating elder financial exploitation in a program that is spreading nationally.
A world without passwords?
Some new technologies are starting to chip away at replacing the password. Let’s look at a few.
A passion for quality and skill development
Tracey Golden, CPA, CGMA, is focused on evolving the CPA profession, lifelong learning, and quality in her year as chairman of the AICPA board.
Data security tips to help weather a pandemic
Finance professionals should keep their guard up against cybercriminals exploiting coronavirus concerns.
Preparing for business interruption claims
CPAs will be critical in helping businesses recover losses in the wake of COVID-19. These six tips from Robert Glasser, CPA/CFF, CGMA, an expert in business interruption accounting, explain how to prepare for making insurance claims for losses caused by the crisis.
IRS explains how nonfilers can receive economic impact payments
Individuals not required to file a return can use a tool on the IRS website or file a special 2019 return.
Deducting home office expenses
Help tax clients fulfill exacting requirements.
Auditing during COVID-19: 6 areas to focus on
Here is how practitioners can handle some of their biggest challenges when conducting audits in the current environment.
New conflict-of-interest guidelines for tax services
AICPA rules are expanded to cover situations that arise in all tax services, not just federal tax services.
COVID-19 tax guidance for businesses
The IRS provided guidance on how businesses can take advantage of CARES Act tax provisions.
IRS grants relief for COVID-19 disruptions on tax residency
Time rules are eased for the substantial presence test for foreign citizens in the US and the foreign earned income exclusion for US citizens abroad.
How the COVID-19 crisis is leading to lasting change
Take a look at 11 ways the pandemic is fundamentally altering our work and society.
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.
