The good news is that, most of the time, your file can be recovered. You just have to know where to find it.
Automate meeting tasks with these tools
These software tools are worthy of consideration for anyone regularly running virtual meetings.
Simpson promoted to vice president–Firm Services
Lisa Simpson was promoted to vice president—Firm Services. In her new role, Simpson will continue to oversee the Association’s relationships with CPA firms.
Coffey promoted to CEO–Public Accounting
Sue Coffey was promoted to CEO–Public Accounting for the Association of International Certified Professional Accountants.
Line items
Schoolteacher expense deduction items include PPE … IRS proposes fee for estate closing letters … FBARs to include virtual currency
Court holds refund claims were not duly filed
Taxpayers’ failure to sign amended returns or power-of-attorney form prompts dismissal.
Understanding the professional liability claims process
We pull back the curtain on the claim process and highlight what to expect if you face this unfortunate situation.
Hood and BLI join Association
Tom Hood, former executive director and CEO of the Maryland Association of CPAs, joined the Association as executive vice president–Business Growth and Engagement.
Taxpayers adequately apprised the IRS of their change in address
The appellate court holds that the IRS knew or should have known of the change.
Government financial planning in a time of uncertainty
Flexibility and the right KPIs can help organizations navigate challenging times.
Ask the expert: Client retention
Greg Lockhart is the president of Lockhart Industries, a Dallas-based leader in custom branding, graphic design, and fine imprinting for America’s top financial firms.
American Rescue Plan Act enacts many tax provisions
Here’s a look at changes affecting 2020 and 2021 that were included in Congress’s stimulus legislation.
The board’s role in not-for-profits’ post-pandemic success
Not-for-profits have experienced huge challenges during the coronavirus pandemic. Careful oversight of policies related to people, cash flow, and fraud can smooth the path to long-term sustainability for the mission.
8 ways to calculate depreciation in Excel
The first section explains straight-line, sum-of-years’ digits, declining-balance, and double-declining-balance depreciation. The second section covers the remaining depreciation methods.
Making audits more effective through data visualization
The right displays can make a big difference in spotting trends and communicating with clients.
Lorin Venable, CPA, CGMA
Lorin Venable, CPA, CGMA, of Arlington, Va., is assistant inspector general for Audit in the Financial Management and Reporting Directorate of the Department of Defense Office of Inspector General.
Burns hired as Association chief auditor
Jennifer Burns joined the Association of International Certified Professional Accountants as chief auditor.
Deduction denied for home donated as salvage
The Fourth Circuit affirms that, without recording a transfer of ownership, the owners’ interest in the property was not severed.
Quality audits amid chaos
These tips can help practitioners as they audit financial statements of clients affected by the coronavirus pandemic.
Damon Ward, CPA, CGMA
The pandemic has made it imperative for leaders to reduce anxiety levels while delivering inspiration to their teams, according to Damon Ward, CPA, CGMA.
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.