Does Your Accounting Firm *Really* Provide Client Service?

CPAs working in public practice tell me all the time..... "We are different!" They go on to relate how they do this different and how they do that different. They truly believe they are different.

Film Credits: Your Tax Dollars at Work Making Movies

Federal film credits are not new, but they are becoming big business in more ways than one. Approximately forty states receive federal film credits they can use to entice moviemakers to make motion pictures within their borders.

Auditing Special Purpose Frameworks - Part 5

The fifth installment in this series looks at how investments, fair value accounting, and derivatives differ within US GAAP and the American Institute of CPAs "Financial Reporting Framework for Small- and Medium-Sized Entities."
Education & Careers

Becker Education Now Accepting Applications for CPA Scholarships

February 5, 2014, is the deadline for CPA candidates who are planning on submitting an application for the Becker Professional Education second annual Newton D. Becker Scholarship Program.

Bramwell’s Lunch Beat: If 123456 Is Your Password, You May Want to Change It

Here are “Bramwell’s Lunch Beat” menu items for January 22.

Print Version of FASB Codification Updated

The Financial Accounting Foundation announced on January 21 that is has updated the four-volume print edition of the Financial Accounting Standards Board "Accounting Standards Codification" – recognized as the authoritative source of US GAAP for public and private companies and not-for-profit organizations.

Workers’ Comp and S Corp Owners?

Consider an S corporation with a shareholder who owns 2 percent or more of the company. We know if the company pays for their health insurance, that needs to be added to their wages, right? But what about when the owners are covered by their workers’ compensation insurance policies?

The Tax Picture of Downton Abbey If It Were in the US

Think you’ve got tax problems? Compared to the residents of Downton Abbey, you ain’t seen nuthin'. Just in time for this year’s US tax season, we’re treated to a fictional tax problem in the United Kingdom that may make yours pale in comparison.

Bramwell’s Lunch Beat: Honesty Is the Best Policy

Here are “Bramwell’s Lunch Beat” menu items for January 21.

FASB Makes Tweaks to Goodwill, Interest Rate Swap Standards

The Financial Accounting Standards Board (FASB) on January 16 issued updates for two accounting standards – one on goodwill and the other on interest rate swaps – both of which FASB Chairman Russell Golden said address issues that “private company stakeholders have told us are priorities.”

IRS Opens Free File Ahead of Tax Season

Tax-filing season doesn’t begin until January 31, but starting today, the estimated 100 million individuals and families with adjusted gross incomes of $58,000 or less for 2013 can prepare, complete, and file their federal tax returns electronically at no cost.

Bramwell’s Lunch Beat: CPAs Prevail Over Computers – For Now

Here are “Bramwell’s Lunch Beat” menu items for January 17.

Reciprocal Giving: EY Program Assists Startup Companies, Motivates Employees

Fifteen corporate volunteers recently spent seven weeks in Latin America helping local businesses as part of the EY Americas Corporate Responsibility Fellows program. The initiative helps global entrepreneurs expand employment, generate wealth, and inspire others to innovate in their communities.

Tax-Evading Toymaker Gets Slap on the Wrist

Billionaire H. Ty Warner, the sixty-nine-year-old founder of the Beanie Baby franchise, could have been sent to federal prison for five years for tax evasion. Instead, a US district court judge in Chicago treated the toy magnate with kid gloves.

Bramwell’s Lunch Beat: Municipality's Boot Stipend Under Review by IRS

Here are “Bramwell’s Lunch Beat” menu items for January 16.

Auditing Special Purpose Frameworks - Part 4

To continue laying the foundation of principles for commonly used financial reporting frameworks, this article presents how key issues differ within US GAAP and the American Institute of CPAs "Financial Reporting Framework for Small- and Medium-Sized Entities."

National Taxpayer Advocate Wants Taxpayer Bill of Rights

It’s not exactly the rallying cry of “no taxation without representation,” but National Taxpayer Advocate Nina E. Olson has called on the IRS to adopt a comprehensive new Taxpayer Bill of Rights.

AICPA Calculator Adds Up Twenty Tax Burdens

The American Institute of CPAs has unveiled a new version of its Total Tax Insights calculator just before the start of income tax-filing season. The calculator, which can help taxpayers gauge the impact of twenty different taxes, reflects data applicable in 2013.

Bramwell’s Lunch Beat: What’s With All of the Mergers in Cincinnati Lately?

Here are “Bramwell’s Lunch Beat” menu items for January 15.

NTEU Chief Colleen Kelley on Spending Bill: ‘True Investment’ in the IRS Needed

The head of the union representing IRS employees said on January 14 that the $1.1 trillion omnibus spending bill House and Senate negotiators unveiled Monday night for the balance of fiscal year 2014 does not do enough to help the underfunded IRS.