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Financial Tips for Seniors

Accountants are trusted advisors—especially for their senior citizen clients. These people may have been with you for many years, and now, in their retirement, they need you more than ever.
A&A

Editor's Picks: Stupid Recruiter Tricks; Why It's Great to Be an Accountant; Six Reasons Gamification Will Boost Your Business

"A chain is only as strong as its weakest link." But at AWEB, all our links are strong!
A&A

Bramwell’s Lunch Beat: Senators Outline Case Against Accrual Accounting Proposal

The menu for August 8 features specials on judge sides with IRS over lost emails, White House examines tax-code weapons to stop inversions, AICPA presents Mark K. Rich with Maximo Mukelabai Award, and more.
A&A

Bramwell’s Lunch Beat: Bank of America’s Historic Settlement

The menu for August 7 features specials on nearly 600 Americans living abroad gave up passports in Q2 due to FATCA, list of US companies that have inverted since 1983, Robert Redford sues New York over tax bill, and more.
Tax

IRS Gets Pat on the Back for Accurate ACA Eligibility Data

A new TIGTA report found that in nearly all instances, the nation's tax agency correctly provided income and family size information to health insurance exchanges to determine the eligibility of individuals for health insurance under the Affordable Care Act.
Tax

What's the Tax Deal on College Scholarships?

Tax rules remain somewhat murky to many parents of scholarship recipients. Despite some common misconceptions, not all scholarships are tax-free, while others may be only partially tax-free.
A&A

Bramwell’s Lunch Beat: Walgreen Makes an Inversion-Free Deal

The menu for August 6 features specials on Missouri voters nix sales tax hike for road projects, Obama administration used controversial tax tactic to help Delphi, US bank regulators disappointed by lack of accounting convergence, and more.
Tax

IRS Chief: Criticism of New Form 1023-EZ Is ‘Wrong’

In an interview last week with Tax Analysts, IRS Commissioner John Koskinen said critics of a new form intended to speed small charities through the application process for tax-exempt status are “wrong for several reasons.”
A&A

Bramwell’s Lunch Beat: The Bike Trip That Propelled Inversion Trend

The menu for August 5 features specials on Walgreens CFO leaves ahead of pending inversion decision, ex-IRS LB&I division official heads back to private sector, Missouri to vote today on sales tax hike to fund road projects, and more.
Tax

Tax Inversion: What's the Real Story?

As you might imagine, the practice of tax inversion, and how to best resolve it, has provoked debate from both sides of the aisle. Only CEOs seem to like it, but no one knows how to stop it.
A&A

Bramwell’s Lunch Beat: IL Gov. Candidate’s Use of an Overseas Tax Haven

The menu for August 4 features specials on why all tobacco taxes should be equal, shareholders get the shaft in tax inversion deals, activist investors also looking at tax-beneficial mergers, and more.
Tax

The Strange and Subtle Rules of Estimated Taxes

Everyone knows about paying estimated taxes, but that's just the beginning. The rules for calculating them are complex and the penalties can be severe—but there are safe harbors.
A&A

Bramwell's Lunch Beat: SEC Turns to Deloitte for Top Accounting Job

The menu for July 31 features bipartisan efforts on tax refund fraud, a possible new chief accountant for the SEC, the battle against bank overdraft fees, and more.
A&A

Bramwell's Lunch Beat: Did Lois Lerner Really Use That Word?

The menu for July 31 features yet another attempt on the estate tax, the revelation of Lois Lerner's salty language, Bank of America's mortgage fines, possible SEC reforms, and more.
A&A

Bramwell's Lunch Beat: Are Restatements Becoming a Thing of the Past?

The menu for July 30 features bills on the highway fund, a study on the reduction of restatements, an examination of banks and ethics, a proposal to eliminate the IRS Commissioner and more.
Tax

See How Tax Credits Can Save That Ancient House

There it stands, your client's 100-year-old, rickety, vermin-infested barn. Federal and state tax incentives can offset the costs of rehabbing an old building and make it valuable again.
A&A

Can Software Really Replace Accountants?

Changes are on the horizon that could empower accounting software users to the point when they don't need accountants any longer, and reduce the process to a turnkey program.
Tax

Disasters Come with Tax Breaks—Know the Rules

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.
A&A

Bramwell’s Lunch Beat: Canada Finds FATCA Costs Them

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.
A&A

Bramwell’s Lunch Beat: Obama on Inversions: ‘I Don’t Care If It’s Legal, It’s Wrong’

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.

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