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Aug 14, 2018
199A workload; TACs on the decline; dysfunctions; and other highlights from our favorite tax bloggers.
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Aug 14, 2018
This handful of provisions from the Tax Cuts and Jobs Act are worth immediate attention.
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Aug 14, 2018
Digital transformation has been a near constant topic of conversation among accounting and CPA communities in 2018.
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Aug 14, 2018
Despite gentle nudges, love taps and tactics to shorten the cycle time, the process is slow and the lag time is painful.
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Aug 14, 2018
Experts warn the proposals on qualified business income of pass-throughs are complicated, though.
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Aug 14, 2018
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.
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Aug 14, 2018
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.
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Aug 14, 2018
The IRS announces postponed deadlines and more for residents and business in Shasta County.
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Aug 14, 2018
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.
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Aug 14, 2018
Jeffrey Deyoe, an undergrad accounting student at the University of Colorado, Boulder, was recognized for achieving success in the face of hardships.
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Aug 14, 2018
The tax prep giant will cover books, course materials and tuition.
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Aug 14, 2018
Changes in the Tax Cuts and Jobs Act has made this strategy even more attractive to real estate investors.
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Aug 13, 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.
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Aug 13, 2018
For my lunch with Jody Padar, I put together a list of the most important issues in running a CPA practice.
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Aug 13, 2018
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.
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Aug 13, 2018
The Massachusetts Society of CPAs recognized seven female professionals, as both experienced and emerging leaders.
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Aug 13, 2018
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.
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Aug 13, 2018
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.
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Aug 13, 2018
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.
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Aug 13, 2018
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.
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Aug 13, 2018
The AICPA's Chuck Landes looks both back and ahead to track where this core service has been -- and where it's going.
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Aug 13, 2018
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.
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Aug 13, 2018
Insights allows finance managers to monitor and review team spend without manual intervention.
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Aug 13, 2018
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.
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Aug 13, 2018
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.
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Aug 13, 2018
New methods of allocation value in the firm may help overcome hurdles in expanding a partnership.
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Aug 10, 2018
Combining with the global financial investigations firm will help fulfill the growing demand for forensic accounting services.
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Aug 10, 2018
High-growth firms consistently have long-term "game changer events" planned in the future, with action plans that have strategic executive accountability.
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Aug 10, 2018
The National Association of State Boards of Accountancy released two publications detailing 2017 Uniform CPA Exam data and trends.
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Aug 10, 2018
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.
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Aug 10, 2018
High-growth firms consistently have long-term "game changer events" planned in the future, with action plans that have strategic executive accountability.
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Aug 10, 2018
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.
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Aug 10, 2018
EisnerAmper, RSM and Whitley Penn relocate; KPMG celebrates construction of new learning center; and more news from CPA offices across the country.
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Aug 10, 2018
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.
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Aug 10, 2018
Financial-services firm Ernst & Young LLP is spending an extra $1 billion on new technology, including artificial intelligence and shifting platforms to the cloud.
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Aug 10, 2018
Private-prison companies keep winning, and they have U.S. taxpayers to thank.
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Aug 10, 2018
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.
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Aug 10, 2018
Miklos Vasarhelyi, a professor of accounting at Rutgers University, was recognized for his achievements in teaching audit technology.
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Aug 09, 2018
Nominees down under; 22 years of inaccurate returns; shell games; and other highlights of recent tax cases.
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Aug 09, 2018
Before a business can be acquired, the seller must position and prepare their business for a high valuation from a potential buyer.
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Aug 09, 2018
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.
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Aug 09, 2018
Accountants have the opportunity to enter a burgeoning market where they can access a new realm of clients in dire need of help.
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Aug 09, 2018
Following sweeping tax reform, the company has collated information on Topic 740 and the Tax Cuts and Jobs Act.
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Aug 09, 2018
The new features add to the company's e-invoicing solution.
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Aug 09, 2018
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.
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Aug 09, 2018
Are you telling your clients and potential new clients what you do, or are you explaining to them why you do it?
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Aug 09, 2018
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.
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Aug 09, 2018
The 24-year-old says young accountants should be gearing up to provide 'direct accounting value' in the future.
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Aug 09, 2018
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.
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Aug 09, 2018
Partnering with The American College of Financial Services, the CFP Board Center will offer scholarships to attract more African Americans to financial planning.
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Aug 08, 2018
Rick Gates, the star witness in Paul Manafort's fraud trial, concluded his testimony Wednesday with high drama.
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Aug 08, 2018
The firm hosted a ceremony honoring the construction crew and designers as the final beam was placed atop the structure.
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Aug 08, 2018
The ICPAS has rebranded the long-running event as ICPAS Summit18, the latest in a series of changes in the accounting trade show world.
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Aug 08, 2018
Microsoft Excel continues to be an attractive certification for young students interested in STEM subjects.
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Aug 08, 2018
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.
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Aug 08, 2018
The death of an appeals court judge is throwing open a high-profile tax case once again.
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Aug 08, 2018
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.
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Aug 08, 2018
Microsoft Excel continues to be an attractive certification for young students interested in STEM subjects.
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Aug 08, 2018
The B2B payment platform plug-in is available on the Xero Marketplace.
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Aug 08, 2018
The death of an appeals court judge is throwing open a high-profile tax case once again.
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Aug 08, 2018
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.
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Aug 08, 2018
Four professors were honored for their research paper examining FASB standards and shareholder value.
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Aug 08, 2018
Four professors were honored for their research paper examining FASB standards and shareholder value.
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Aug 08, 2018
The Internal Revenue Service provided some long-awaited answers for business owners hoping to dodge the limits on a juicy new tax break.
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Aug 07, 2018
Helping injured vets; donation changes; states conforming to the TCJA; and other highlights from our favorite tax bloggers.
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Aug 07, 2018
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.
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Aug 07, 2018
One crucial requirement is an indisputable audit trail that satisfies the evidence requirements of even the most scrutinizing auditor.
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Aug 07, 2018
One crucial requirement is an indisputable audit trail that satisfies the evidence requirements of even the most scrutinizing auditor.
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Aug 07, 2018
Henry Friedman, assistant professor of accounting at the University, was recognized for his work in management accounting.
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Aug 07, 2018
Facing the loss of a valuable deduction, high-tax states file a lawsuit.
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Aug 07, 2018
With technology and cloud accounting, does it matter where your office is located? The answer is: Absolutely.
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Aug 07, 2018
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.
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Aug 07, 2018
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.
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Aug 07, 2018
The Tax Cuts and Jobs Act expanded eligibility for the method.
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Aug 07, 2018
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?
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Aug 07, 2018
Most clients are unaware of the proposed new 1040 - and practitioners are unimpressed.
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Aug 07, 2018
The research and learning company will supply CFA Exam materials to support the growing financial presence in Africa.
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Aug 07, 2018
It's tough to stand out as a professional services firm these days, especially in a field like accounting.
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Aug 07, 2018
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.
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Aug 06, 2018
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.
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Aug 06, 2018
The Internal Revenue doesn't have a coordinated strategy in place to deal with unregulated tax preparers, according to a government report.
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Aug 06, 2018
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.
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Aug 06, 2018
Ariege Misherghi takes over the role as Rich Preece moves onto U.S. country manager for Intuit's small business self-employed group.
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Aug 06, 2018
New guidance on a single method for government issuers could eliminate differences in practice.
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Aug 06, 2018
The ACI held more or less steady this month, with respondents divided over the potential impact of tax reform, new tariffs and more.
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Aug 06, 2018
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.
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Aug 06, 2018
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.
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Aug 06, 2018
PJ Patel, co-CEO and senior managing director of Valuation Research Corporation, discusses valuation issues involving deferred revenue from mergers.
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Aug 06, 2018
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.
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Aug 06, 2018
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.
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Aug 03, 2018
The American Institute of CPAs said it supports new legislation that would regulate tax return preparers.
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Aug 03, 2018
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.
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Aug 03, 2018
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.
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Aug 03, 2018
The rollback of Dodd-Frank requirements may have an impact on the credit loss standard.
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Aug 03, 2018
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.
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Aug 03, 2018
ADP has acquired Celergo, a provider of payroll management services in 150 countries.
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Aug 03, 2018
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.
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Aug 03, 2018
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.
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Aug 03, 2018
BlueVine attracts investment from Microsoft, and DocuWare shows promising growth.
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Aug 03, 2018
A pair of Long Island accounting firms have merged to form KVLSM LLP.
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