2020 - Page 8 of 11 - Journal of Accountancy

The magazines

May 15, 2020

IRS posts FAQs on paid COVID-19-related sick and family leave

Employer tax credits for small businesses are provided under the Families First Coronavirus Response Act.

April 24, 2020

Line items

Reconsideration of estate’s penalty abatement yields same result … In-game currency not taxable, IRS clarifies … IRS to step up high-income taxpayer visits

April 24, 2020

Pandemic places accounting, auditing rules in flux

As the coronavirus gripped the world, regulators, standard setters, and others moved to adjust rules and effective dates that are important to businesses, CPAs, and their clients. Meanwhile, CPA Exam candidates will have additional opportunities for testing during an emergency testing period.

April 24, 2020

How auditors can test inventory without a site visit

A few methods are available for providing sufficient appropriate evidence of inventory even if an auditor can’t make a site visit because of the coronavirus pandemic.

April 24, 2020

Sec. 6662(a) penalties require written supervisor approval

The Tax Court rules on when the burden of production regarding written supervisory approval moves to the taxpayer.

April 24, 2020

Failure to file FBAR is not due to reasonable cause

A taxpayer is subject to civil penalties for nonwillful failure, a court holds.

April 24, 2020

When hard times hit staff

Supporting valued staff experiencing losses and hardships can help organizations respond in compassionate ways, while still meeting the needs of the business.

April 24, 2020

Strategic disruption: An expert’s thoughts on moving forward

Rita McGrath, a professor of management at Columbia University’s Graduate School of Business who has written extensively on disruption, foresees changes in business strategy in the wake of the COVID-19 pandemic.

April 24, 2020

COVID-19 pandemic prompts many tax changes

Here are legislative and IRS responses to the coronavirus outbreak.

April 24, 2020

Supreme Court overturns consolidated group tax refund allocation rule

The Court holds the Bob Richards rule exceeds federal courts’ common-lawmaking authority.

March 1, 2020

How to identify and report health care fraud

Health care fraud is an important and complicated challenge for clients. CPAs can be instrumental in helping clients detect, report, and prevent health care fraud.

March 1, 2020

Cafeteria plan compliance

Serve up a well-prepared smorgasbord of employee benefits.

March 1, 2020

Year-end government spending bill contains many tax provisions

Certain health care taxes are repealed, IRAs are revamped, and disaster relief and other provisions are extended.

March 1, 2020

$8.7 million partnership income adjustment by IRS disallowed

Family mobile home business’s promissory notes were not includible in income, the Tax Court holds.

March 1, 2020

Keeping up with deadlines using a dynamic spreadsheet

Microsoft Excel can keep track of deadline information in several ways.

March 1, 2020

Power BI: An analytical view

Data visualization applications such as Microsoft’s Power BI and Tableau can unlock the value of data. This article explores how Power BI works.

March 1, 2020

Onslaught of the tax procrastinators

Consider these ways to protect billable time while cultivating new clients.

March 1, 2020

5 quick tips to improve your Google game

Searching the internet has become an everyday aspect of our lives. Here are five tips that could benefit even an advanced searcher.

March 1, 2020

How to win next-gen clients

Millennials’ finances are becoming more complex. Be the financial professional they turn to, and you could secure them as clients for life.

March 1, 2020

Financial planning: Remember to plan for risk

CPA financial planners must carefully document for clients all risks associated with recommended investments.

FROM THIS MONTH'S ISSUE

4 ways solo practitioners can stand out

Five years ago, a grieving Angel Zhen started his own CPA firm with no clients and no revenue. Today, he has 300 clients, $600,000 in revenue and 12 weeks of annual vacation. In this JofA article, he shares how he set up his firm and how you could do the same.