Majority owners’ wages for the employee retention credit are among issues addressed.
Revenue recognition: 4 top concerns noted by peer reviewers
Practitioners can successfully navigate the new standard with special attention to these topics.
Journal-entry testing using Excel
In this example walk-through, learn how to use Microsoft’s spreadsheet application to perform several tasks, including sampling.
Managing noise, change, and emerging risks
Rethink your enterprise risk process and apply new tools to get better at managing emerging and disruptive risks.
Maxene Bardwell, CPA/CITP
Good leaders are open to ideas and understand that they don’t always have all the answers, according to Maxene Bardwell, CPA/CITP.
Imprisonment does not constitute reasonable cause
The reasonable-cause defense was denied even though the attorney of a jailed taxpayer had assured the taxpayer the returns were filed and taxes were paid.
5 advanced PowerPoint tips for awesome presentations
This month’s column lays out five tips designed to help even experienced users of Microsoft PowerPoint push their presentations to the next level.
How risk allocation provisions can mitigate risk
Use of these terms in an engagement letter can help manage the defense and cost of a claim.
How CPAs and employers can support mental health
The pandemic has exacerbated struggles with anxiety and depression that require colleagues and management to respond with empathy and care.
Choosing a billing method for financial planning
CPA financial planners discuss the pros and cons of different billing methods for financial planning services and why they chose the one they did.
Ask the expert: Surcharging
Dustin Hall is the director of CPACharge — an Austin, Texas-based company that specializes in payment processing solutions for accounting professionals.
Making critical audit matters more readable
Practitioners can take simple steps to make sure information newly included in auditors’ reports is understandable to investors.
IRS launches ‘Tax Pro Account’ feature
Online submissions of POAs and client account authorizations are processed automatically.
Cleaning and joining data using Excel’s Power Query
This month’s column shows how to clean and join data using Excel’s Power Query.
Line items
Form 1040 virtual currency query revised for 2021 … Certain pre-TCJA cryptoasset trades are not like-kind … IRS addresses ARPA pension aid rules
5 top-of-mind issues for auditors as focus on quality continues
Practitioners are focusing on new standards, processes, and requirements heading into the fourth quarter of an unusual year.
Basis reduction required in year of debt discharge
A taxpayer’s loss is disallowed based on the timing of a basis adjustment.
Refund of minister’s self-employment taxes denied
The taxpayers did not properly claim an exemption, the court holds.
Stephanie C. Palmertree, CPA, CGMA
Stephanie C. Palmertree, CPA, CGMA, explains how the Mississippi Office of the State Auditor overhauled its CPE system by training its own staff to teach.
Don’t get victimized by a cybercriminal
CPAs must create data security protocols and implement and follow them consistently to help reduce the risk of a cyber incident.
Features
FROM THIS MONTH'S ISSUE
Building a better CPA firm: Stepping up service offerings
A key step in business model modernization is determining how to implement services that satisfy clients and employees.