2023 - Page 2 of 8 - Journal of Accountancy

The magazines

November 1, 2023

Falling used car prices warrant a second look at Sec. 25E incentives

New credit makes purchasing a used clean vehicle more attractive.

November 1, 2023

Change the orientation of text in Excel

You can choose from several text orientations in Excel.

October 1, 2023

How accounting leaders can embrace ESG for a strategic advantage

Working with an oversight committee, building a road map, benchmarking, and focusing on quality can help businesses guide their ESG strategy.

October 1, 2023

Line items

Guidance provided for electronic filing exemptions and waivers … Location of millions of tax records uncertain, TIGTA says in IRS critique … Update on states moving ahead with PTETs … IRS issues guidance on requirements for home energy audits … Proposed regulations update, revise consolidated return regulations

October 1, 2023

How to implement the risk-based quality management standards

An expert suggests ways to get started on identifying risks and designing responses under the new and very different standards.

October 1, 2023

Gambling losses not deductible as business expenses

Tax Court holds that the taxpayers’ gambling was not an activity engaged in for profit under Sec. 183.

October 1, 2023

No loss deduction from drastic drop in digital asset’s value

Although the asset’s value on an exchange was less than 1 cent, it was not worthless, the IRS Office of Chief Counsel advised.

October 1, 2023

Generative AI and risks to CPA firms

Generative artificial intelligence platforms such as ChatGPT provide many opportunities for CPA firms, but there are also risks that should be considered before jumping in.

October 1, 2023

The SECURE 2.0 Act and its impact on the retirement plan landscape

Ronald Ulrich, QKA, QPA, CPC, VP of Product Consulting and Compliance, ADP Retirement Services, discusses why it’s crucial for financial professionals, plan sponsors, and employees alike to understand the law’s impact on retirement plans.

October 1, 2023

Navigating change

Becky Munson, CPA, Partner, Cloud Accounting Services, Eisner Advisory Group, LLC, talks about her experience spearheading the process of combining two CAS practices due to a firm merger.

October 1, 2023

Using Data Validation to circle specific data in Excel

You can automate the task of inserting red circles around items using Data Validation tools.

October 1, 2023

MAP Survey shows firms on upward trajectory

Benchmarking study finds revenue and profit growth, also identifies areas where accounting practices could bolster their appeal for talent.

October 1, 2023

Leveraging advanced tech

Dean Sonderegger, Senior Vice President and General Manager Research & Learning, Wolters Kluwer Tax & Accounting North America, discusses how AI is transforming the accounting profession.

October 1, 2023

Incorporate text in one cell using Fill/Justify in Microsoft Excel

You can combine text that is separated into multiple cells in Excel.

October 1, 2023

Import data from a picture into Excel

Excel allows you to extract data from a picture.

October 1, 2023

Motion to quash writ of execution denied

Estate tax levy on antique cello survives executor’s claim that a trust owned the instrument.

October 1, 2023

The state of DEI: A Q&A with Crystal Cooke

Crystal Cooke, director of Diversity and Inclusion at AICPA & CIMA, assesses the state of DEI initiatives and attitudes in accounting.

September 1, 2023

Most NIL collectives likely ineligible for tax-exempt status, IRS advises

A Chief Counsel legal memo concludes that organizations supporting compensation to college student-athletes for their name, image, and likeness (NIL) generally have a substantial nonexempt purpose.

September 1, 2023

Passive loss limitations on rental real estate

Taxpayers can recognize losses, but only in the circumstances discussed.

September 1, 2023

Line items

Prop. regs. clarify tax treatment of certain health insurance payments … Update on states moving ahead with PTETs … Study: Deterrence a major factor in bringing in more money from IRS audits … Stock repurchase excise tax reporting and payment delayed by IRS … Research finds algorithms, unscrupulous preparers behind audit bias

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.