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Accounting Today
Aug 14, 2018

In the blogs: One big bite
199A workload; TACs on the decline; dysfunctions; and other highlights from our favorite tax bloggers.

Accounting Today
Aug 14, 2018

5 top tax reform opportunities for individuals
This handful of provisions from the Tax Cuts and Jobs Act are worth immediate attention.

Accounting Today
Aug 14, 2018

What digital transformation looks like for today's CPA firms
Digital transformation has been a near constant topic of conversation among accounting and CPA communities in 2018.

Accounting Today
Aug 14, 2018

Filling your client acquisition funnel is a marathon
Despite gentle nudges, love taps and tactics to shorten the cycle time, the process is slow and the lag time is painful.

Accounting Today
Aug 14, 2018

IRS regs on Sec. 199A look ‘taxpayer-favorable'
Experts warn the proposals on qualified business income of pass-throughs are complicated, though.

Accounting Today
Aug 14, 2018

Ernst & Young expands legal services abroad
Ernst & Young is acquiring Riverview Law, a London-based provider of legal services, expanding the Big Four accounting firm's global presence in the legal profession.

Accounting Today
Aug 14, 2018

SOX compliance costs rising thanks to rev rec standard
Compliance hours and costs for the Sarbanes-Oxley Act have risen in the past year for many companies, in part due to the new revenue recognition standard, according to a new survey.

Accounting Today
Aug 14, 2018

California wildfire victims qualify for tax relief
The IRS announces postponed deadlines and more for residents and business in Shasta County.

Accounting Today
Aug 14, 2018

A top Swiss bank settles tax evasion dispute a decade after secrecy began to crumble
About a decade after Swiss bank secrecy laws started to crumble under the impact of a U.S. investigation, one of the last large lenders still entangled in the matter agreed to settle the dispute.

Accounting Today
Aug 14, 2018

AICPA presents 2018 'Medal of Inspiration'
Jeffrey Deyoe, an undergrad accounting student at the University of Colorado, Boulder, was recognized for achieving success in the face of hardships.

Accounting Today
Aug 14, 2018

H&R Block offers tax course scholarships to military spouses
The tax prep giant will cover books, course materials and tuition.

Accounting Today
Aug 14, 2018

The cost seg/1031 exchange combo is even more important under tax reform
Changes in the Tax Cuts and Jobs Act has made this strategy even more attractive to real estate investors.

Accounting Today
Aug 13, 2018

Top five TCJA tax planning opportunities for individuals in 2018
As we enter into the tax planning stage of the year, the focus shifts to helping clients understand the impact of the Tax Cuts and Jobs Act and optimize their tax positions.

Accounting Today
Aug 13, 2018

Art of Accounting: Critical issues in running a firm
For my lunch with Jody Padar, I put together a list of the most important issues in running a CPA practice.

Accounting Today
Aug 13, 2018

FASB proposes tweaks for leasing standard
The Financial Accounting Standards Board is proposing to make a number of narrow improvements in the lease accounting standard as public companies get ready for it take effect at the end of the year.

Accounting Today
Aug 13, 2018

MSCPA announces 2018 'Women to Watch'
The Massachusetts Society of CPAs recognized seven female professionals, as both experienced and emerging leaders.

Accounting Today
Aug 13, 2018

Art of Accounting: Lunch with Jody Padar
I put together a list of critical issues involved with running a CPA practice, trying to drill them down to the most essential that we could discuss.

Accounting Today
Aug 13, 2018

Institute of Internal Auditors revamps specialty certifications
The Institute of Internal Auditors has decided to focus on its main certification of Certified Internal Auditor while phasing out three of its less popular specialty certifications.

Accounting Today
Aug 13, 2018

AICPA wants IRS to clarify S corp issues from new tax law
The American Institute of CPAs requested immediate guidance Monday from the Internal Revenue Service and the Treasury Department on various provisions of the Tax Cuts and Jobs Act related to S corporations.

Accounting Today
Aug 13, 2018

Marcum merges in Yarlas, Kaplan, Santilli, Moran
Marcum LLP, a Top 100 Firm based in New York, has added Yarlas, Kaplan, Santilli, Moran, Ltd., an accounting firm in Providence, Rhode Island, expanding Marcum's New England presence, effective August 1.

Accounting Today
Aug 13, 2018

The once and future audit
The AICPA's Chuck Landes looks both back and ahead to track where this core service has been -- and where it's going.

Accounting Today
Aug 13, 2018

Wells Fargo tests investor patience with new tax credit scandal details
Wells Fargo & Co. investors who were learning to live with an unprecedented penalty the Federal Reserve imposed for bad behavior will have their patience tested again as details emerge on another scandal.

Accounting Today
Aug 13, 2018

AppZen adds AI-run expense reimbursement to audit platform
Insights allows finance managers to monitor and review team spend without manual intervention.

Accounting Today
Aug 13, 2018

Bankers, celebrities sue over film deals turned tax avoidance
Bankers, athletes and celebrities are suing Ingenious Media Holdings Plc, saying that they were misled about investments in the film industry that were later branded tax avoidance by the U.K. government.

Accounting Today
Aug 13, 2018

Bitcoin investing is creating tax predicaments for hedge funds
Dozens of hedge funds investing billions of dollars in cryptocurrencies don't know if they're calculating their taxes correctly, which may be a problem now that U.S. authorities have said they're going to be scrutinizing virtual currencies.

Accounting Today
Aug 13, 2018

The flawed economics of admitting new partners
New methods of allocation value in the firm may help overcome hurdles in expanding a partnership.

Accounting Today
Aug 10, 2018

Baker Tilly merges in RGL Forensics
Combining with the global financial investigations firm will help fulfill the growing demand for forensic accounting services.

Accounting Today
Aug 10, 2018

How game-changer events are used by high-growth firms
High-growth firms consistently have long-term "game changer events" planned in the future, with action plans that have strategic executive accountability.

Accounting Today
Aug 10, 2018

NASBA releases 2017 CPA Exam data
The National Association of State Boards of Accountancy released two publications detailing 2017 Uniform CPA Exam data and trends.

Accounting Today
Aug 10, 2018

How would your firm change if you served CEOs instead of clients?
From a CPA's perspective, the thing your clients value most is not a spreadsheet, financial statement or tax return. It's the clarity you give them that helps them make better financial decisions.

Accounting Today
Aug 10, 2018

How game changer events are used by high-growth firms
High-growth firms consistently have long-term "game changer events" planned in the future, with action plans that have strategic executive accountability.

Accounting Today
Aug 10, 2018

Isn't it time to focus on an enhanced client experience?
When choosing a mid-market CPA firm, many clients pay more attention to the ability to "connect" with the client service partner and staff than to the quality of the work performed.

Accounting Today
Aug 10, 2018

Firms on the move: Crowe pledges 75K volunteer hours
EisnerAmper, RSM and Whitley Penn relocate; KPMG celebrates construction of new learning center; and more news from CPA offices across the country.

Accounting Today
Aug 10, 2018

PCAOB drafts 5-year strategic plan
The Public Company Accounting Oversight Board has released a draft version of its five-year strategic plan and is asking for public comment on its areas of focus, with a slate of fresh new board members this year and an overhaul of some of its top staff.

Accounting Today
Aug 10, 2018

Ernst & Young to spend extra $1B on cloud, new technology
Financial-services firm Ernst & Young LLP is spending an extra $1 billion on new technology, including artificial intelligence and shifting platforms to the cloud.

Accounting Today
Aug 10, 2018

It's a great time to be a prison landlord, thanks to the IRS
Private-prison companies keep winning, and they have U.S. taxpayers to thank.

Accounting Today
Aug 10, 2018

People on the move: KPMG appoints chief diversity officer
RSM hires head of talent acquisition; Grant Thornton expands enterprise technology and solutions practice; and other recent hires, promotions and personnel news from firms across the country.

Accounting Today
Aug 10, 2018

AICPA names 2018 Distinguished Achievement in Accounting Education Award winner
Miklos Vasarhelyi, a professor of accounting at Rutgers University, was recognized for his achievements in teaching audit technology.

Accounting Today
Aug 09, 2018

Tax Fraud Blotter: Misadventure capital
Nominees down under; 22 years of inaccurate returns; shell games; and other highlights of recent tax cases.

Accounting Today
Aug 09, 2018

Accounting for health care M&A: What to know before a merger
Before a business can be acquired, the seller must position and prepare their business for a high valuation from a potential buyer.

Accounting Today
Aug 09, 2018

Cuomo attacks Trump plan for $100B capital gains tax cut
New York state will stop basing its capital gains tax on federal government regulations if President Donald Trump follows through on his proposed unilateral change in how the levy is determined, Governor Andrew Cuomo said.

Accounting Today
Aug 09, 2018

The CPA's guide to getting started in cannabis accounting
Accountants have the opportunity to enter a burgeoning market where they can access a new realm of clients in dire need of help.

Accounting Today
Aug 09, 2018

Thomson Reuters issues special report on new income tax law
Following sweeping tax reform, the company has collated information on Topic 740 and the Tax Cuts and Jobs Act.

Accounting Today
Aug 09, 2018

Tungsten Network introduces digital PO delivery, acknowledgement services
The new features add to the company's e-invoicing solution.

Accounting Today
Aug 09, 2018

AICPA offers guidance on CECL standard
The American Institute of CPAs' Financial Reporting Executive Committee, also known as FinREC, has posted a pair of working drafts on how accountants can deal with two issues related to the Current Expected Credit Loss standard that will be taking effect at the end of next year.

Accounting Today
Aug 09, 2018

The virtual reality of tomorrow's CPA firm, today
Are you telling your clients and potential new clients what you do, or are you explaining to them why you do it?

Accounting Today
Aug 09, 2018

NYC area tax-law refugees fuel a luxury-home boom in Florida
When the owner of a financial-services firm in Connecticut saw the U.S. tax overhaul pass in December, capping state and local deductions, he packed his bags. Now he lives in South Florida, soaking up the sun and some serious annual savings.

Accounting Today
Aug 09, 2018

Accountants to Watch: Darryl Ucheya
The 24-year-old says young accountants should be gearing up to provide 'direct accounting value' in the future.

Accounting Today
Aug 09, 2018

Meet the guy tasked with hearing your tax and trade complaints
Senate Majority Leader Mitch McConnell's new top economic policy aide has a complicated checklist: oversee implementation of the new tax law and mitigate the damage of impending trade disputes.

Accounting Today
Aug 09, 2018

CFP Board, American College announce new diversity scholarship
Partnering with The American College of Financial Services, the CFP Board Center will offer scholarships to attract more African Americans to financial planning.

Accounting Today
Aug 08, 2018

Manafort emails cite control of Cyprus accounts
Rick Gates, the star witness in Paul Manafort's fraud trial, concluded his testimony Wednesday with high drama.

Accounting Today
Aug 08, 2018

KPMG marks milestone in construction of learning center
The firm hosted a ceremony honoring the construction crew and designers as the final beam was placed atop the structure.

Accounting Today
Aug 08, 2018

Illinois CPA Society revamps, renames Midwest Accounting Show
The ICPAS has rebranded the long-running event as ICPAS Summit18, the latest in a series of changes in the accounting trade show world.

Accounting Today
Aug 08, 2018

15-year-old named global Excel champ
Microsoft Excel continues to be an attractive certification for young students interested in STEM subjects.

Accounting Today
Aug 08, 2018

SCOTUS online sales tax ruling: A threat to small businesses?
The U.S. Supreme Court's recent decision on states' authority to collect sales tax from online retailers will have far-reaching implications for domestic businesses, unless states and policy makers act to reduce the compliance burden and prevent an unfair advantage.

Accounting Today
Aug 08, 2018

Ninth Circuit withdraws reversal of Tax Court ruling
The death of an appeals court judge is throwing open a high-profile tax case once again.

Accounting Today
Aug 08, 2018

Illinois CPA Society renames Midwest Accounting show
The Illinois CPA Society has rebranded the long-running Midwest Accounting and Finance Showcase as ICPAS SUMMIT18, the latest in a series of changes in the accounting trade show world.

Accounting Today
Aug 08, 2018

Global Excel champ is only 15 years old
Microsoft Excel continues to be an attractive certification for young students interested in STEM subjects.

Accounting Today
Aug 08, 2018

PayStand integrates with Xero
The B2B payment platform plug-in is available on the Xero Marketplace.

Accounting Today
Aug 08, 2018

Ninth Circuit withdraws decision reversing Tax Court in case involving Intel subsidiary
The death of an appeals court judge is throwing open a high-profile tax case once again.

Accounting Today
Aug 08, 2018

IIRC offers research database on integrated reporting
The International Integrated Reporting Council unveiled an Academic Database on Wednesday, featuring more than 200 academic studies on the ramifications of integrated reporting, as well as discussing some of the best practices emerging in the field.

Accounting Today
Aug 08, 2018

AICPA names winners of 2018 Contributions to Accounting Literature award
Four professors were honored for their research paper examining FASB standards and shareholder value.

Accounting Today
Aug 08, 2018

AICPA names winners of 2018 'Contributions to Accounting Literature' award
Four professors were honored for their research paper examining FASB standards and shareholder value.

Accounting Today
Aug 08, 2018

IRS targets loopholes for $415B business owner tax break
The Internal Revenue Service provided some long-awaited answers for business owners hoping to dodge the limits on a juicy new tax break.

Accounting Today
Aug 07, 2018

In the blogs: Blood from stones
Helping injured vets; donation changes; states conforming to the TCJA; and other highlights from our favorite tax bloggers.

Accounting Today
Aug 07, 2018

Manafort's former tax accountant fired by firm after testimony
Paul Manafort's former accountant was fired from a Virginia firm after she told the court she was aware that Manafort's tax returns contained false information.

Accounting Today
Aug 07, 2018

How to demonstrate data security compliance for even the most skeptical auditor
One crucial requirement is an indisputable audit trail that satisfies the evidence requirements of even the most scrutinizing auditor.

Accounting Today
Aug 07, 2018

How to demonstrate data security compliance for even the most scrutinizing auditor
One crucial requirement is an indisputable audit trail that satisfies the evidence requirements of even the most scrutinizing auditor.

Accounting Today
Aug 07, 2018

UCLA professor receives CGMA 'Early Career Researcher' award
Henry Friedman, assistant professor of accounting at the University, was recognized for his work in management accounting.

Accounting Today
Aug 07, 2018

States take feds to court with ‘creative arguments' over the SALT cap
Facing the loss of a valuable deduction, high-tax states file a lawsuit.

Accounting Today
Aug 07, 2018

Does the location of my accounting practice matter?
With technology and cloud accounting, does it matter where your office is located? The answer is: Absolutely.

Accounting Today
Aug 07, 2018

Ernst & Young teams with Duke Energy on tax services
EY will provide the public utility company with managed tax services, and 46 members of Duke's tax team will receive job offers to join EY's tax practice.

Accounting Today
Aug 07, 2018

IRS blocks refund for companies overpaying offshore profits tax
There's bad news for companies that may have accidentally overpaid this year's "repatriation" taxes on foreign profits: they won't be getting a refund.

Accounting Today
Aug 07, 2018

More small businesses can now use cash accounting: IRS
The Tax Cuts and Jobs Act expanded eligibility for the method.

Accounting Today
Aug 07, 2018

Banks after tax cuts: Loan growth slows and 3,200 jobs disappear
Banks were among the top beneficiaries when Republicans slashed corporate taxes in December to stoke the U.S. economy. So how are the nation's largest financial institutions treating employees, customers and investors?

Accounting Today
Aug 07, 2018

‘What is a postcard, anyway?'
Most clients are unaware of the proposed new 1040 - and practitioners are unimpressed.

Accounting Today
Aug 07, 2018

Wiley announces partnership with CFA Society Nigeria
The research and learning company will supply CFA Exam materials to support the growing financial presence in Africa.

Accounting Today
Aug 07, 2018

How to market yourself as an expert to clients
It's tough to stand out as a professional services firm these days, especially in a field like accounting.

Accounting Today
Aug 07, 2018

Gates testifies he stole from Manafort and helped him break tax laws
Paul Manafort's former right-hand man, Rick Gates, broke his silence Monday and offered dramatic inside testimony about how wealthy Ukrainian businessmen used offshore accounts and shell companies to pay his boss millions of dollars for political consulting work.

Accounting Today
Aug 06, 2018

Problems found with security at private tax debt collection agencies
The private debt collection agencies that have contracted with the Internal Revenue Service to help collect overdue tax receivables have some security vulnerabilities, according to a new government report.

Accounting Today
Aug 06, 2018

IRS faulted for efforts to deter tax preparer misconduct
The Internal Revenue doesn't have a coordinated strategy in place to deal with unregulated tax preparers, according to a government report.

Accounting Today
Aug 06, 2018

Tech will lead the way with new lease accounting guidance
Accounting professionals, as the stewards of financial information, have a unique opportunity to take the lead in adopting the new lease guidance and implementing lease accounting software.

Accounting Today
Aug 06, 2018

Intuit names new head of accountant segment
Ariege Misherghi takes over the role as Rich Preece moves onto U.S. country manager for Intuit's small business self-employed group.

Accounting Today
Aug 06, 2018

GASB proposes changes for conduit debt obligations
New guidance on a single method for government issuers could eliminate differences in practice.

Accounting Today
Aug 06, 2018

Accountants Confidence Index — August 2018
The ACI held more or less steady this month, with respondents divided over the potential impact of tax reform, new tariffs and more.

Accounting Today
Aug 06, 2018

Art of Accounting: Interns' trip to Manhattan
Last week I had the pleasure of taking four interns from my office on a "field trip" to Manhattan. I also included a senior accountant who started here as an intern.

Accounting Today
Aug 06, 2018

FASB needs companies for segment reporting study
The Financial Accounting Standards Board is looking for public companies that are willing to participate in research on potential improvements to the segment aggregation guidance and the reportable segments process.

Accounting Today
Aug 06, 2018

Valuations in M&A
PJ Patel, co-CEO and senior managing director of Valuation Research Corporation, discusses valuation issues involving deferred revenue from mergers.

Accounting Today
Aug 06, 2018

When do adjusted earnings get adjusted too far?
Corporate executives and their accountants have long contended that the use of adjusted earnings, which ignore costs like acquisition expenses, interest payments or just about anything they find inconvenient, gives investors a better picture of companies' performance. Under no circumstances is it manipulation, they say. But a new study suggests it just might be.

Accounting Today
Aug 06, 2018

Manafort accountant recalls backdated documents
Special Counsel Robert Mueller's prosecutors walked the jury in the trial of Paul Manafort through records to back their claim that the former Trump campaign chairman deceived his own financial advisers to hide his foreign accounts and income from U.S. tax authorities.

Accounting Today
Aug 03, 2018

AICPA supports latest tax preparer regulation effort
The American Institute of CPAs said it supports new legislation that would regulate tax return preparers.

Accounting Today
Aug 03, 2018

IFAC and IAESB plan overhaul of education standard-setting board
The International Federation of Accountants is changing the oversight and priorities of its International Accounting Education Standards Board, which sets standards for education and professional development of accountants.

Accounting Today
Aug 03, 2018

Treasury and IRS propose regulations for increasing depreciation deduction to 100%
The Treasury Department and the Internal Revenue Service proposed regulations Friday to increase and expand the first-year depreciation deduction for qualified property from 50 to 100 percent, carrying out a provision of the Tax Cuts and Jobs Act.

Accounting Today
Aug 03, 2018

New stress testing reform may have some CECL benefits
The rollback of Dodd-Frank requirements may have an impact on the credit loss standard.

Accounting Today
Aug 03, 2018

Exxon Mobil accounting probe by SEC ends with no action
The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.'s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue.

Accounting Today
Aug 03, 2018

ADP buys international payroll provider Celergo
ADP has acquired Celergo, a provider of payroll management services in 150 countries.

Accounting Today
Aug 03, 2018

Firms giving back: Crowe volunteers over 75K hours for anniversary
New York firm The Bonadio Group also held its first-ever 'Purpose Day,' encouraging staff members to take a day off to volunteer in local communities.

Accounting Today
Aug 03, 2018

Top QuickBooks Apps
This report will combine research and editorial expertise to identify the leading apps for the accounting software - and to show how accountants are making the best of them.

Accounting Today
Aug 03, 2018

Product News: Tipalti partners with Vindeo, Teampay, Sovos
BlueVine attracts investment from Microsoft, and DocuWare shows promising growth.

Accounting Today
Aug 03, 2018

Katz Viola Lebenhart & Mauro merges with Lipner Sofferman
A pair of Long Island accounting firms have merged to form KVLSM LLP.

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