Tax, accounting, auditing news - Journal of Accountancy

June 18, 2018

Disguised-sale partnership regs. withdrawn

The IRS announced that it was withdrawing temporary regulations on the treatment of partnership liabilities for disguised-sale purposes and proposing to reinstate the old rules.

June 15, 2018

AICPA advocates for IRS tax guidance priorities

The AICPA sent a letter to the IRS with recommendations for items of tax guidance that should be priorities for the Service to issue from July 1, 2018, to June 30, 2019.

June 14, 2018

Getting along with different personalities at work

Learn about each group’s preferences for collaboration, communication, and idea generation to improve relationships with your co-workers.

June 14, 2018

Why and how to create great content at work

Creating content can be a great way to make a name for yourself on the job. CPA and blogger Chris Wittich shares his best advice for getting started.

June 14, 2018

6 steps to accounting automation success

For firms embracing the automation age, artificial intelligence requires smart thinking and human wisdom, Boomer Consulting’s Arianna Campbell and Marc Staut explained at the AICPA ENGAGE 2018 conference.

June 14, 2018

Make attest engagements more profitable

Better planning and more efficient processes and procedures can help accountants, auditors and firms gain more profit from their attest engagements, consultant Alan W. Anderson, CPA, said at the AICPA ENGAGE 2018 conference.

June 13, 2018

What clients need to know about Social Security

Ted Sarenski, CPA/PFS, discusses 2018 changes to Social Security and much more, including claiming strategies, spousal benefits, and what might happen to the program in the future.

June 13, 2018

Tips for new managers

Leadership is a skill that can be learned, says Louis Griego, CPA. In his talk at ENGAGE, he gives advice new managers can use to hone their leadership skills.

June 13, 2018

Add value to audits with client-focused analytics

Audit data analytics provide an opportunity for auditors to provide more value to clients. But first, firms need to let clients tell them what kind of insights would be helpful.

June 12, 2018

Focus on clients, and revenue will follow

Figuring out what clients want can be a challenge for any CPA firm. But if you’re diligent in seeking feedback and take the time to listen, you’ll discover more opportunities to provide revenue-producing services.

June 12, 2018

Increase your EQ and shine in the workplace

Knowing how to identify and respond to your emotions, and those of your co-workers, can give you an edge in the workplace. Learn ways to improve your EQ.

June 12, 2018

How to recruit the best job candidates

Understanding candidates’ motivations and carefully crafting job descriptions can give employers an advantage in recruiting, says Sarah Dobek, the founder and president of Inovautus Consulting.

June 12, 2018

Tariff talk worries some business executives

Potential trade conflicts between the U.S. and economic partners give 38% of finance decision-makers reason for moderate or significant concern.

June 12, 2018

Planning ideas from Form 1040 (and beyond)

Learn about a few of the many valuable planning opportunities you can uncover when reviewing a client’s tax forms.

June 8, 2018

Draft 2019 Form W-4 and instructions posted

The IRS released a draft Form W-4, Employee’s Withholding Allowance Certificate, and its instructions, for individual taxpayers to use to determine their income tax withholding for 2019.

May 31, 2018

Inter-entity cost accounting rules amended for federal agencies

The Federal Accounting Standards Advisory Board issued amended accounting rules for recognition of inter-entity costs by federal agencies.

May 31, 2018

U.S. companies keen on hiring, but they see fewer candidates

A rising number of accounting executives say their businesses plan to hire in the coming year, a quarterly survey by the Association of International Certified Professional Accountants shows.

May 30, 2018

AICPA recommends IRS FAQs on virtual currency taxation

The comments were prompted by new questions that have emerged about how the tax rules apply to virtual currency transactions since the AICPA first submitted comments.

May 25, 2018

Standard mileage rates, depreciation amounts updated

The IRS issued guidance on the standard mileage rates and depreciation limits that were changed by the Tax Cuts and Jobs Act.

May 25, 2018

IRS warns tax practitioners of new phishing scam

The IRS alerted tax practitioners to beware of a phishing scheme in which cybercriminals send out emails posing as state accounting and professional associations.

FROM THIS MONTH'S ISSUE

Making the right choice when no one is watching

The true test of one’s character is the decision made when no one is looking over your shoulder. Learn how CPAs can uphold ethical standards and take actions that help limit liability risk.