2024 - Page 3 of 7 - Journal of Accountancy

The magazines

September 1, 2024

Taxation of influencers: Gifts with strings attached?

Individuals promoting retail brands to their online audience may need to report taxable compensation for any benefit received.

September 1, 2024

Using data to optimize marketing and sales strategies

CPAs who want to drive greater profitability and growth must understand customer acquisition costs and customer lifetime value.

September 1, 2024

Using ChatGPT to build a standard operating procedure

See how to use ChatGPT to create standard operating
procedures.

September 1, 2024

Tax Court lacks jurisdiction because notice of deficiency was invalid

The court held that the notice was not sent
to the taxpayer’s last known address.

September 1, 2024

Using ChatGPT-4o with Excel

Learn how to use the new ChatGPT-4o (Omni) to interact with Microsoft Excel.

August 1, 2024

Third Circuit rules taxpayer’s claim is not moot

The IRS’s setoffs of tax prepayments were invalid, the appellate court holds, remanding the case to the Tax Court.

August 1, 2024

Single-owner firms: The thrill of flying solo

CPAs piloting their own accounting practices share their challenges, successes, and lessons learned.

August 1, 2024

HSA inflation-adjusted maximum contribution amounts for 2025 announced … Foreign trust transactions and large gifts addressed in proposed regs. … Final regs. issued for new, previously owned clean vehicle credits … Practitioner service improvements part of IRS strategic operating plan … Automatic accounting method changes list updated by IRS

August 1, 2024

Small firms find success with advisory services

Young and midcareer CPAs are embracing fresh approaches and modern technology to build flourishing CAS practices.

August 1, 2024

D.C. Circuit reverses Tax Court on assessment of foreign entity ownership reporting penalties

The penalties under Sec. 6038(b) are administratively assessable by the IRS despite not being so designated, the appellate court holds.

August 1, 2024

6 ways to improve the peer review experience

A survey of seasoned peer reviewers identifies ways reviewers and the firms being reviewed can change for the better.

August 1, 2024

Get more out of Teams with these 5 features

Here are five features of Teams that can make chat communications more productive.

August 1, 2024

What not-for-profits need to know about UBIT

CPAs can help not-for-profits understand what revenue is subject to the unrelated business income tax (UBIT) and navigate the rules surrounding the tax.

August 1, 2024

IRS funding and a potential rise in malpractice claims

The Service’s beefed-up audit capabilities provided under the Inflation Reduction Act focus on large entities and high-income taxpayers, but others may also face more audit risk, also exposing CPA tax preparers to malpractice claims.

August 1, 2024

Identify and delete duplicates in Excel

This article looks at a few ways to identify duplicates in Excel.

July 1, 2024

Second Circuit lacks jurisdiction in small tax case

Sec. 7463(b) forecloses a review of the Tax Court’s dismissal, the appellate court holds.

July 1, 2024

How to create a watermark in Excel

This column shows a couple of ways to create a watermark in Excel.

July 1, 2024

What to know to avoid deficient not-for-profit audits

Most recent peer review insights suggest that insufficient or inadequate documentation was the most common problem in not-for-profit audits, but better planning could prevent deficiencies.

July 1, 2024

New crypto accounting rules may spur early adoption

The standard is so beneficial that cryptoasset holders may not want to wait until ASU 2023-08 officially takes effect.

July 1, 2024

Line items

Final regs. issued for clean energy credit transfers … Draft of Form 1099-DA for reporting digital asset transactions released … IRS has mixed results from ‘ghost employer’ enforcement efforts … IRS grants limited waiver for underpayment of estimated corporate AMT … Proposed regs. issued for 1% excise tax on corporate stock repurchases … Auto depreciation limitations increase

FROM THIS MONTH'S ISSUE

4 ways solo practitioners can stand out

Five years ago, a grieving Angel Zhen started his own CPA firm with no clients and no revenue. Today, he has 300 clients, $600,000 in revenue and 12 weeks of annual vacation. In this JofA article, he shares how he set up his firm and how you could do the same.