by Julian Block on 07/28/14
The tax code allows you to claim tax deductions for household damage caused by thefts, vandalism, fires, floods, hurricanes, and more. But the law imposes several restrictions.
by Richard Koreto on 07/28/14
The menu for July 28 features still more on the inversion argument, an analysis of why Canadian banks are unhappy with FATCA, Congress-White House disagreement on child care credits, banking regulations, and more.
by Ken Berry on 07/28/14
There doesn't seem to be any end to the fight over the federal estate tax. Now legislation proposed in Congress is resurrecting calls to dismiss this tax that has long plagued wealthy individuals.
Our tax section is sponsored by:
by Amy Vetter on Jul 25, 2014
Whenever I speak to accountants about creating a cloud practice, the most common question is, “How do I charge my clients?” The answer has usually been "hourly billing," but that model is changing.
by Jason Bramwell on Jul 25, 2014
The menu for July 25 features specials on House approves bill to expand and simplify tax breaks for education, IRS releases draft forms on Obamacare employer mandate, Paul Ryan’s plan to expand the EITC, and more.
by Terry Sheridan on Jul 25, 2014
Developing a strategic alliance with a financial advisor may be just the ticket to grow your accounting practice, particularly if many of your clients are affluent. But do it right.
by Jason Bramwell on Jul 24, 2014
While reputational risk is the No. 1 nonfinancial concern among corporate directors, cybersecurity/IT risk is gaining steam. According to the results of a new survey from EisnerAmper, cybersecurity/IT risk ranked second at 62 percent, up almost 10 percent from last year’s poll.
by Jason Bramwell on Jul 24, 2014
Many senior US tax professionals believe that a streamlined audit process will be the top benefit resulting from the IRS Transfer Pricing Audit Roadmap, a toolkit organized around a notional 24-month audit timeline, according to the results of a new KPMG survey.
by Jason Bramwell on Jul 24, 2014
The updated web page groups the standard-setting board's technical agenda into project “families” and informs visitors at a glance on where any given FASB project stands, the steps it took to get there, and what is coming up.
by Jason Bramwell on Jul 24, 2014
The menu for July 24 features specials on SEC approves final rules on money-market funds, GAO says it’s too soon to draw conclusions on Obamacare tax credit fraud, IRS no longer probing missing emails, Senate to vote on phasing out gas tax, and more.
by Larry Perry CPA on Jul 24, 2014
Risk assessment procedures, tests of controls, systems walk-through procedures, analytical procedures and tests-of-balances procedures produce substantive evidence for an auditor.
by Amber Setter on Jul 23, 2014
According to "The Work of Leadership," adaptive work is required when “our deeply held beliefs are challenged, when the values that made us successful become less relevant, and when legitimate yet competing perspectives emerge.” All of these are true for CPE.
by AccountingWeb on Jul 23, 2014
The IRS isn't always perfect in its calculations of underpayment interest and refund interest. Two BDO USA professionals, Cathy Stopyra and Todd Simmens, provide advice so you don't walk away from overpayments that are rightfully owed to your company.
by Jason Bramwell on Jul 23, 2014
The menu for July 23 features specials on FASB looks at revamping income statement, two courts issue conflicting rulings on Obamacare subsidies, Senate advances bill to end tax breaks for outsourcing, and more.
by Kristen Rampe on Jul 23, 2014
We've all tried to make our work-lives more efficient, transfer knowledge to newer team members and leverage our practices. Sometimes delegation works, and sometimes, well—it doesn't.

Voice of the Editor

In case you missed it, late last month we launched AccountingWEB Forums. And as I've said before, your wild cheering isn't necessary.

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.