Bramwell’s Lunch Beat: Why CPAs Are Still Loved by Health Care CFOs

Here are “Bramwell’s Lunch Beat” menu items for February 14.

Auditing Special Purpose Frameworks - Part 8: Stock-based Comp, Business Combinations, and More

Continuing to lay a foundation for developing audit strategies and audit plans, this article presents more comparisons of significant requirements in US GAAP and the AICPA’s "Financial Reporting Framework for Small- and Medium-Sized Entities" (FRF for SMEs).

How to Resolve Duplicate Data within Excel Pivot Tables

An attendee from my recent pivot table webinar posed a question that I hadn’t encountered before.

Legislation to Exempt US Olympic Medalists from Tax Comes Out Right on Cue

Shortly before the Winter Olympics in Sochi got underway, Representative Blake Farenthold (R-TX) reintroduced legislation, the Tax Exemptions for American Medalists (TEAM) Act, that would provide tax exemptions to American athletes who win medals in the Olympics.

Olympic Medal Dreams: All That Glitters Is Taxable

Winning a medal in the Winter Olympics is not extremely lucrative for US athletes, with $25,000 awarded for gold, $15,000 for silver, and $10,000 for bronze. And that prize money is taxable by Uncle Sam. Even those with the lowest incomes will pay at least 10 percent to the IRS, and maybe more in state taxes.

Bramwell’s Lunch Beat: Some Voice Concern About FAF Contribution

Here are “Bramwell’s Lunch Beat” menu items for February 13.

Appeals Court: IRS Lacks Authority to Regulate Preparers

A federal appeals court panel of three judges on February 11 upheld a lower court’s ruling early last year that the IRS does not have the legal right to regulate the estimated 600,000 to 700,000 paid tax return preparers in the United States.
Practice Management

Tax Professionals: How Do You Respond When Someone Asks About Your Fee?

There’s a discussion going on in the Tax Business Owners of America LinkedIn forum about fees. It’s quite lively and has a lot of voices joining in.

Small Business Is Halfway to Hiring

When you talk to your small business clients, are about half of them hiring? The other half aren’t?

Bramwell’s Lunch Beat: Banks Leery of Proposed Changes to Lease Accounting

Here are “Bramwell’s Lunch Beat” menu items for February 12.

Obamacare Shocker: Mandate Delayed Again for Some Employers

On February 10, the US Treasury Department issued new final regulations pertaining to the employer mandate under the Patient Protection and Affordable Care Act of 2010. But the government dropped a bombshell in the new regulations: It postponed the start date of the employer mandate for certain employers to 2016 – the second extension approved in less than a year.
Education & Careers

The Five Essential Components of Client Service

Do you and your team have what it takes to provide outstanding client service? Client service is an increasingly important part of your professional success as you move up in your career.

Ohio Board of Tax Appeals Says No Relief for Two Former NFL Players

Two former pro football players, Hunter Hillenmeyer and Jeff Saturday, recently lost their individual cases before the Ohio Board of Tax Appeals last month. The board ruled that the games-played method of taxation the city of Cleveland uses does not violate the state’s constitution and is not unreasonable.

How Is Your Accounting Firm Protecting Its Intellectual Property?

Have you ever stopped to think that you have valuable property right on your hard drive?

Bramwell’s Lunch Beat: Here Comes the Big Four’s Appeal

Here are “Bramwell’s Lunch Beat” menu items for February 11.

CIMA and AICPA Plan Global Framework for Management Accountants

The two organizations unveiled a draft comprehensive framework on February 10 designed to help CFOs, CEOs, and boards of directors around the world benchmark and improve their management accounting processes.

We Need More Super CPAs Like Greg Padgett

Ours is an unusual business, in that very few CPAs are actively involved in their communities and giving back compared to other professions. Many of my nonprofit clients over the years would ask, “Where are the CPAs?” I have a pat answer; they are “busy.”
Education & Careers

NJSCPA Unveils New Compensation Study

The New Jersey Society of CPAs (NJSCPA) just released its "2013/14 NJSCPA Compensation & Benefits Study of Public Accounting Firms in New Jersey." Not limited to just salary, the report also covers such topics as incentive plans, health insurance, and training/development.

Bramwell’s Lunch Beat: China Has ‘State Secrets’ It Is Not Willing to Share

Here are “Bramwell’s Lunch Beat” menu items for February 10.