News

A&A

Bramwell’s Lunch Beat: Wyden Wants to Plug ‘Inversion’ Loophole

The menu for May 9 features specials on US likely to join six-nation tax alliance, Pfizer shareholders could face tax hit in AstraZeneca deal, IRS to give Ways and Means all Lois Lerner e-mails, and more.
Tax

R&D Tax Credit Bill Moves Through House

In a vote of 274 to 131, the House passed a measure on Friday that permanently extends the popular business R&D tax credit – which will add $156 billion to the deficit – despite a veto threat earlier this week from the White House.
A&A

FAF Issues Report: Brave New World in Accounting

New people, new policies, new releases—and even new logos. The Financial Accounting Foundation's annual report shows just how busy everyone has been in Norwalk.
Education & Careers

Jeopardy-Style Game Show Helps Accounting Students

A novel way of studying for the Uniform CPA Exam combines a game show atmosphere with rigorous questions. "I'll take FASB 133 for $200, Alex."
A&A

PCAOB Seeks Input on Reorganization of Auditing Standards

Comments on the proposal – which would reorganize the existing interim and PCAOB-issued auditing standards into a topical structure with a single integrated numbering system – are due by July 8.
A&A

Bramwell’s Lunch Beat: SEC in ‘Tough Spot’ With Alibaba IPO

The menu for May 8 features specials on fewer tax audits = $3 billion less for US government, PCAOB hands out sanctions, FASB proposes new requirements on "pushdown accounting," and more.
A&A

Auditing Special Purpose Frameworks: Key Controls

Key controls in smaller audits— the elements that have a pervasive affect upon the accomplishment of management's control objectives.
Tax

House Votes to Hold Ex-IRS Official Lois Lerner in Contempt

Contempt citation was passed by a vote of 231 to 187, almost a year after the IRS first acknowledged and apologized for scrutinizing the tax-exempt status of some conservative groups.
Practice Management

How to Avoid Self-Directed IRA Nightmares

As your clients' accountant, you may find yourself in the position of dealing with the messy aftermath of bad IRA decisions. Here's how to avoid self-directed problems.
A&A

Bramwell’s Lunch Beat: White House Opposes House R&D Tax Bill

The menu for May 7 features specials on Missouri gets an income tax cut, Congress’ struggles over web tax, new House Dems IRS scandal report, most US millionaires think inequality is a problem, and more.
Practice

A Do-It-Yourself Peer Review for Tax Preparers

How do small tax prep firms handle peer review? If you're the sole professional, whom can you rely on to cast a second glance on your work? There are several solutions.
Tax

Did Ways and Means Violate Section 6103 of the Tax Code?

An article posted yesterday by the website Tax Analysts questions whether the House panel broke the law when it publicly disclosed confidential taxpayer information in a letter to US Attorney General Eric Holder last month.
Education & Careers

Individual Leadership: Powerful Goal Setting

During the third session of a four-part series on Individual Leadership, the focus will be on powerful goal setting as a critical success factor of being and becoming a leader.
A&A

CCH Small Firm Services Earns Top 25 Call Center Award from BenchmarkPortal

The CCH Small Firm Services' customer support call center has been ranked among the top 25 medium-sized centers in the United States and Canada, according to the latest Top 100 Call Center annual rankings by BenchmarkPortal.
Tax

How to Take a Tax Deduction on Your Good Name

Is the cost of defending your reputation tax deductible? Yes, if it's a business expense, but the IRS sets a high bar for what it considers "business."
A&A

Bramwell’s Lunch Beat: A ‘Sensible Fix’ to Corporate Tax Rules

The menu for May 6 features specials on non-GAAP disclosures on the decline, recent internal control report deficiencies, cities and states to lose big if highway fund isn’t replenished, and more.
Practice

How to Bring in New Clients

It's no longer enough just to keep your current clients; you have to bring in new ones. The key is differentiating your firm—you have to stand out from the crowd to succeed.
A&A

Starting Salary for 2014 Accounting Grads Is $52,900: Report

The average starting salary for students graduating this year with a business major – including accounting – has declined slightly over the last year, according to the latest salary survey from the National Association of Colleges and Employers.
Tax

IRS Simplifies Tax-Exempt Applications for Small Nonprofits

As investigations continue into the "Tea Party scandal" involving applications for tax-exempt status, the IRS is releasing a new, simpler Form 1023-EZ.
A&A

Bramwell’s Lunch Beat: Highway Fund’s Rocky Road Ahead

The menu for May 5 features specials on BofA shareholder meeting this week could be subdued, IRS challenging Caterpillar overseas parts deals, Swiss to US: treat our banks fairly in tax probe, and more.

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