News

Tax

Bramwell’s Lunch Beat: IRS Audits Are Sparse This Year

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

The Only Four Things You Need to Need to Know

Busy and confused? Just memorize these four points and you have the basics of managing an accounting practice.
A&A

FASB Tweaks Rules for Discontinued Operations Reporting

Under the new US GAAP guidance, a discontinued operation is a disposal of part of an organization that has a major effect on its operations and financial results. Examples include a disposal of a major geographic area, a major line of business, or a major equity method investment.

Editor's Picks: World Domination for Accountants; Write a Book; New Social Media Platforms

Plus, how improving your quality of life will boost productivity.
Tax

Further Details on Lerner's DOJ and Contempt Problems

About the process: just how much trouble is Lois Lerner facing?
A&A

Bramwell’s Lunch Beat: Audit Flaws Are a Global Problem

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

How to Make Your Employees Happy

Yes, it's important, and there's a lot more to it than dress-down Fridays.
Tax

House Panel Votes to Hold Lois Lerner in Contempt

The House Oversight and Government Reform Committee today voted in favor of holding ex-IRS official Lois Lerner in contempt of Congress because she had twice refused to answer the panel’s questions regarding the IRS’s targeting of conservative groups.
Practice Development

How to Move from Trusted Servant to Trusted Advisor

Accountants have been moving in a new direction in recent years—don't get left behind.
Tax

Bramwell’s Lunch Beat: Contempt Vote Coming Today Against Lois Lerner

Here are “Bramwell’s Lunch Beat” menu items for April 10.
Education & Careers

The 'CSI Niche': AICPA Boosts Forensic Accounting

AICPA launches forensic accounting mentorship program to meet growing need.
Tax

GAO: 89 Percent of Paid Preparers Made Mistakes on Returns

During undercover site visits to 19 randomly selected commercial tax-preparation businesses, only two preparers calculated the correct refund amount on a taxpayer’s return, according to a new study released by the US Government Accountability Office (GAO) on Tuesday.
A&A

Audits of Special Purpose Frameworks: Obtaining Substantive Evidence from Engagement Letters, Part 2

Additional reasons why the engagement letter is the linchpin of the audit.
A&A

Bramwell’s Lunch Beat: CVS Is Now $20 Million Poorer Over Accounting Misdeeds

Here are “Bramwell’s Lunch Beat” menu items for April 9.
Wealth management

How FATCA Compliance Just Got Easier

Those who have to deal with the Treasury Department's mind-bending international tax rules have just caught a break.
Tax

Koskinen Calls on Congress to Give IRS Oversight of Tax Return Preparers

During a Senate Finance Committee hearing on Tuesday morning, the head of the IRS urged lawmakers to pass legislation that would authorize the agency to regulate the nation’s estimated 600,000 to 700,000 paid tax return preparers.
Tax

Bramwell’s Lunch Beat: Some Tax Pros Prey on the Poor

Here are “Bramwell’s Lunch Beat” menu items for April 8.
Practice

Never Mind the Answers; What Are the Questions?

There's a theory going around that truly successful business people listen more than they talk.
Practice Management

How to Evaluate 529 Plans

There's a bewildering array of these powerful college savings plans; here are some tips on how to pick one.
Tax

Senate Schedules Hearing on ‘Unethical’ Tax Preparers

Two sets of panelists will discuss what to do with tax return preparers who lack proper certification during a Senate Finance Committee hearing that begins at 10 a.m. ET on April 8.

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