Featured Online Content for February 2011



Return Preparer OfficeThe IRS’ New Return Preparer Office

David R. Williams, the former director of Electronic Tax Administration at the IRS, heads the Service’s new Return Preparer Office. In his presentation to the AICPA National Tax Conference in October 2010, he described the office’s priorities, which include the preparer tax identification numbers (PTINs) registration system and continuing education and competency testing of preparers, and plans for the future.


Also on journalofaccountancy.com, read more about the IRS’ plan to register and regulate tax return preparers and the creation of the Return Preparer Office, which will manage the registration system and continuing education and competency testing of preparers.




2010 Tax Filing SeasonRESOURCES

Tax Filing Season Resources—Tax Year 2010

This is the one-stop shop for all you need to know for this year’s tax filing season. Find resources from the JofA and The Tax Adviser, plus tax return checklists and tax savings tips from the AICPA, categorized by tax topic.





Practice Opportunities in Health Care

Demographics and economics are driving tremendous shifts in the health care sector—a mammoth employer expected to grow even bigger in the coming years. Futurist David Pearce Snyder outlines the changes and discusses how CPAs can turn increasingly complex health care billing into a business opportunity.


Health Care ReformVIDEO

Preparing Clients for Health Care Reform

Small firm CPAs discuss their experiences with common client questions relating to health care reform and ways they are preparing for the anticipated changes.







How-To Guides Now Available


Not sure what “social media” is all about and how it can enhance your practice and professional life? CPAs are finding tremendous success using social media to communicate with and hear from key audiences, share ideas and network. If you’re recruiting, it’s an excellent way to attract qualified candidates. Some have tapped into blogging and are finding opportunities to provide thought leadership and garner an ever-increasing network of followers. Social media is a growing communications channel that offers CPAs numerous professional benefits.


To help members get started or build on what they are already doing, the AICPA released four social media user guides on the following topics: Facebook, LinkedIn, Twitter and blogging. In addition, there is a guide on making the business case for social media. The guides are available at aicpa.org.


For more social media tips, visit facebook.com/JournalofAccountancy and click the “Tips” tab.


—By Susan Josephson (sjosephson@aicpa.org), senior manager–Communications, Advertising & Brand Management at the AICPA.


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Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.


What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.