2022 - Page 7 of 8 - Journal of Accountancy

The magazines

February 1, 2022

Tax treatment of COVID-19 homeowner relief payments clarified

Payments are excluded from gross income; a safe harbor is provided for itemized deductions.

February 1, 2022

Line items

Inflation adjustments for 2022 … IRS makes 2022 inflation adjustments for retirement accounts

February 1, 2022

FASB’s position on leases standard is ‘insensitive’

A reader responds to a JofA article on FASB declining to extend nonpublic lease accounting effective date.

February 1, 2022

Infrastructure Act’s tax provisions

Early end of ERC, cryptoasset reporting are among act’s changes.

February 1, 2022

Embracing technology in the audit

Firms and practitioners are using digital tools to provide more value to clients.

February 1, 2022

Attributes of top-performing firms revealed

MAP survey finds big differences in per partner revenue, profit, and compensation.

February 1, 2022

Full disclosure: When tax transactions must be reported

A variety of ‘reportable transactions’ require transparency with the IRS.

February 1, 2022

Second Circuit: SALT cap is not unconstitutional

The $10,000 maximum deduction for state and local taxes is upheld by the Second Circuit.

February 1, 2022

Transposing data in Excel

You can easily convert horizontal data to
vertical and vertical data to horizontal by using the
Transpose feature in Excel.

February 1, 2022

Ozlem Davis, CPA/CFF

Through outsourced CFO and controllership services, CPAs can provide entrepreneurs and small businesses with the support they need to succeed, according to Ozlem Davis, CPA/CFF.

February 1, 2022

Unresponsive clients pose a professional liability risk

In addition to creating unnecessary stress for CPAs, clients who fail to respond timely increase a CPA firm’s professional liability risk.

February 1, 2022

How to spill formulas in Excel

With spilling, you can create a formula in one cell, and that formula will then spill over into other adjacent cells when a set of values is calculated.

January 1, 2022

Like-kind exchanges of real property

New limits are considered for Sec. 1031 transactions.

January 1, 2022

Spotlight on tax season

While pandemic relief measures for individual taxpayers are no surprise, they require still-novel calculations and considerations, with a few new wrinkles in some familiar items.

January 1, 2022