2023 - Journal of Accountancy

The magazines

December 1, 2023

Line items

ERC abuse brings renewed push for regulation of paid tax preparers … ‘Tsunami’ of ERC claims required IRS action to halt fraud, experts say … IRS to set up new work unit to focus on complex passthrough entities … FinCEN posts guide to help small businesses with BOI reporting

December 1, 2023

The home mortgage interest deduction under the TCJA

How does the Tax Cuts and Jobs Act’s temporarily lower home acquisition indebtedness limit affect homeownership decisions?

December 1, 2023

Auditor independence threats and malpractice claims

When questions of independence arise in malpractice claims related to audit services, plaintiff ’s counsel often second-guesses the firm’s independence, painting a picture that the auditor’s professional skepticism was tainted.

December 1, 2023

Four hardware tips to improve your work experience

This Q&A shows hardware peripherals that create a different user experience.

December 1, 2023

5 steps for evaluating whether to become a partner

Three CPAs, two of whom recently made partner and another on the partner track, describe their process for making a career-defining decision.

December 1, 2023

Digital asset upgrade does not result in income realization

The protocol upgrade was not an accession to wealth, the Office of Chief Counsel advises.

December 1, 2023

Record tasks in Excel with Automate

The Automate tab allows you to create and run Office Scripts, which allow users to
automate tasks in Excel.

December 1, 2023

IRS and Security Summit urge tax pros to protect clients and themselves

Perennial campaign focuses on security of taxpayer data, including in practitioners’ records and systems.

December 1, 2023

Tips for building a firm to the right size for you

Lessons learned from a practice seeking to grow better but not always bigger.

December 1, 2023

QM standards: How to perform a root cause analysis

An expert discusses the requirements to perform a root cause analysis as part of monitoring and remediation when implementing the new risk-based quality management standards.

December 1, 2023

Citing rampant ‘scams,’ IRS imposes ERC moratorium

Earlier guidance clarifies that most supply chain disruptions do not result in eligibility for the employee retention credit.

December 1, 2023

Trends for Growth in 2024

Jason Marx, CEO, Wolters Kluwer Tax & Accounting, offers advice for firms looking to grow their business.

November 1, 2023

Use ChatGPT to write macros for Outlook

This article discusses the process and covers what to be wary about when using ChatGPT to build a macro for Outlook.

November 1, 2023

Considering IT risk during audit risk assessment procedures

SAS No. 145 assists auditors in identifying and addressing risks that the use of information technology can introduce.

November 1, 2023

Line items

Moratorium imposed on new ERC claim processing to curb abuse … Guidance issued on applicability and calculation of new corporate AMT … Long-awaited guidance provided for amortization of R&E expenditures … IRS vows new enforcement efforts aided by AI … Businesses must e-file Form 8300 for $10,000+ cash payments in 2024

November 1, 2023

US Supreme Court will hear repatriation tax challenge

Taxpayers are appealing a Ninth Circuit holding that the tax does not violate the US Constitution’s Apportionment Clause or the Fifth Amendment’s Due Process Clause.

November 1, 2023

QM is approaching faster than you think — get ready

Tips to catch up on implementing new quality management standards that firms offering audit and accounting services need to put into practice.

November 1, 2023

How mental shortcuts expose you to wire fraud risk

Despite warnings and trainings, wire fraud claims continue to increase in frequency and severity. Here are some tips to help short-circuit your natural responses to this threat.

November 1, 2023

Technology in audit: More than a numbers game

Costs and change fatigue are legitimate concerns, but can firms afford not to upgrade?

November 1, 2023

Fishing charter activity not engaged in for profit

The taxpayer did not show that his fishing was more than a retirement hobby, the Tax Court holds.

FROM THIS MONTH'S ISSUE

Flip out with the latest Tech Q&A

The September Technology Q&A column shows how to create dynamic to-do lists with Excel's checkboxes and also how to set up multifactor authentication texts that don't rely on phones. Flip through both items and view a video walkthrough in our digital format.