2021 - Page 4 of 9 - Journal of Accountancy

The magazines

August 1, 2021

Export tax incentives: The effect of potentially rising tax rates

U.S. exporters are evaluating how to best use IC-DISC and FDII incentives if tax rules change.

August 1, 2021

Determining when overpayment interest begins for spouses changing their filing status

A key criterion is the overpayment date of a processable return.

August 1, 2021

How CPAs helped save businesses during COVID-19

Many small businesses were forced to reinvent themselves to survive the COVID-19 pandemic. Learn how CPAs who offer client advisory services helped business-owner clients explore new options for creating revenue.

August 1, 2021

Graylin Smith, CPA, CGMA

Guiding clients through opportunities and risks requires a careful process, according to Graylin Smith, CPA, CGMA.

August 1, 2021

Resolving intercompany debt in consolidations

Simplifying the corporate structure often runs into complications.

August 1, 2021

Appointments help position Association for long-term success

The Association appoints Jeannette Koger, Dan Noll, and Tricia Hitmar to key roles.

August 1, 2021

Award recognizes outstanding performance on CPA Exam

Eighty-nine CPA candidates received the 2020 Elijah Watt Sells Award for outstanding performance on the CPA Exam.

August 1, 2021

Lawsuit against microcaptive reporting may proceed

The Supreme Court holds that an adviser’s injunction request is not barred by the Anti-Injunction Act.

August 1, 2021

Dependent care assistance unused balances are excluded from income

Pandemic relief for 2021 also includes a temporary increase in the exclusion amount.

August 1, 2021

Articles on risk assessment and home office deduction win JofA awards

Two articles received the JofA’s Lawler Award for the best articles of 2020.

August 1, 2021

4 tips for optimizing Outlook

Here are four tips for making the most efficient use of Outlook. These are based on the online version of Outlook.

August 1, 2021

How to effectively support working parents during a crisis

Helping employees maintain health and efficiency during a crisis requires flexibility, empathy, and consistent communication. Employers can follow these tips to help employees during a crisis.

August 1, 2021

Ask the expert: What is an API?

Calvin Leong helps firms understand what APIs are available at Thomson Reuters and how to use them.

July 1, 2021

Line items

COVID-19 sick and family leave credits may be claimed for vaccination paid time off … IRS extends e-signature authorization for 6 months … Receipt of bitcoin cash as a result of a hard fork is gross income to taxpayer

July 1, 2021

Vacation and sick pay accruals resulting from the pandemic

Travel restrictions led to a buildup of compensated absences and a corresponding liability that has implications for financial reporting, auditing, and management.

July 1, 2021

Tax deductions prevent discharge of school debt

The debtor’s argument that a loan wasn’t shown to have been used solely to pay higher education expenses is unavailing.

July 1, 2021

2021 child tax credit, EITC, and premium tax credit limits updated

ARPA temporary measures are quantified in a revenue procedure.

July 1, 2021

When is food and drink ‘provided by a restaurant’?

The IRS explains which meals qualify for a temporary 100% expense deduction.

July 1, 2021

Gerald Townsend, CPA/PFS/ABV

Clients need more than one thing from a personal financial planner, according to Gerald Townsend, CPA/PFS/ABV.

July 1, 2021

Eliminate asterisks from data in Excel

One of the easiest ways to remove specific text, letters, or symbols from an Excel spreadsheet is to use the Find and Replace feature.

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.