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

Card-carrying ways to automate expense reports

Just about everything we do daily has been automated in some way. And that includes expense reports.

January 1, 2022

A refreshed focus on risk assessment

Audit firms may have to change some processes in response to a new standard and pandemic-fueled changes to the environment.

January 1, 2022

All LB&I taxpayers may videoconference with the IRS

Pandemic-inspired method for examinations and appeals meetings is extended.

January 1, 2022

Line items

SSA wage base increases for 2022 … IRS Chief Counsel outlines R&D credit refund requirements … 6-year limitation period applies to entire return

January 1, 2022

Nancy Bagranoff, CPA, DBA

Finding a way to establish a connection is the key to communicating and collaborating with young people, according to Nancy Bagranoff, CPA, DBA.

January 1, 2022

Résumé and job interview tips for CPAs

Looking for a new job? Proper preparation makes a big difference in how you present yourself to potential employers.

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.