2024 - Page 4 of 7 - Journal of Accountancy

The magazines

July 1, 2024

Audit smarter by reassessing audit risk

The AICPA Center for Plain English Accounting has developed steps to reimagine risk assessment in a more focused and efficient way.

July 1, 2024

Tax Court reverses course on conservation easement extinguishment regs.

The regulations are procedurally invalid; the donor’s deed satisfied the statutory requirements, the court holds.

July 1, 2024

Risk management creates more soft landings

In part 2 of a two-part series exploring the basics of negligence and professional liability litigation, learn why CPAs should interpret risk management advice through the lens of how negligence is litigated.

July 1, 2024

4 features for enhancing PDFs

This column explores four of the most useful Adobe Acrobat tools.

July 1, 2024

Ask the expert: Why AI is worth all the hype

Dean Sonderegger, Senior Vice President and General Manager of Canada and Research & Learning, Wolters Kluwer Tax & Accounting North America, discusses how generative AI has the potential to drive efficiency in everyday tasks and make professionals more productive.

July 1, 2024

How CPAs can benefit from not-for-profit board service

Volunteering to serve as a board member for a not-for-profit can be a career-changer. Follow these strategies to make it work.

July 1, 2024

Melancon to retire as CEO of AICPA

The longest-serving leader in the AICPA’s history will depart Dec. 31 after 29 years at the helm.

July 1, 2024

Guiding not-for-profits through post-pandemic challenges

Experts examine how CPAs can help clients meet increasing demand in a difficult fundraising and staffing environment.

June 1, 2024

Falling hurts; so does litigation

In the first part of a two-part series exploring the basics of negligence and professional liability litigation, find out why CPAs should interpret risk management advice through the lens of how negligence is litigated.

June 1, 2024

Why sustainability information matters to CPAs

As demand for ESG data grows, so does the opportunity for accountants to help businesses meet reporting requirements.

June 1, 2024

Line items

Supreme Court to decide estate tax impact of life insurance in closely held businesses … Enforcement, voluntary programs yield over $1 billion from ERC claims … Werfel says digital initiatives can transform ‘iconically unpopular’ IRS … Federal court holds Corporate Transparency Act unconstitutional … Decision holding Corporate Transparency Act unconstitutional appealed

June 1, 2024

Municipal bonds: Planning for the TCJA sunset

Clients who invest in municipal bonds may require new strategies because of tax changes that lie ahead in 2026.

June 1, 2024

Building an HR guide with ChatGPT

This item demonstrates using artificial intelligence technology to build a custom GPT that can
access the firm’s handbook and provide answers to employee questions.

June 1, 2024

Criminally forfeited IRA distribution was constructively received and taxable

The Tax Court denies an incarcerated taxpayer’s arguments to the contrary.

June 1, 2024

How to find errors in Excel formulas

This article looks at how to use Excel’s auditing tools to audit formulas and ensure the accuracy of data.

June 1, 2024

How auditors can apply a forensic-like approach to fraud

Professionals with forensic and fraud expertise share techniques auditors can use when completing AU-C Section 240 requirements.

June 1, 2024

IRS data reveals insights into collections, compliance, and criminals

A comprehensive exploration of the latest IRS data provides insights into compliance, revenue collection, and criminal activities.

May 23, 2024

New AICPA chair: ‘We need to promote the cool work we do’

Family influence, personal drive, and a commitment to excellence distinguish AICPA Chair Carla McCall’s professional accomplishments and her vision to empower future generations of accountants.

May 1, 2024

Tech roundtable: Power to the people tech

Our panel posits that artificial intelligence isn’t the only
technology trend making waves in accounting firms and
finance departments.

May 1, 2024

Time for a tax practice tune-up

Building on busy season’s lessons learned, CPAs can turn to optimizing performance going forward.

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.