News

Practice Management

Find Your Next Job the Modern Way

Accountants do everything electronically. So why are so many still searching for jobs the old-fashioned way? Hard-copy resumes have become the green ledger paper of the job search world.

Editor's Picks: 1031 Like-kind Exchanges Are Funny; Keeping Passwords Secure; Employee Survey Frequency

All you need is links. All you need is links. All you need is links, links. Links is all you need. (Links is all you need.)
Wealth management

TIGTA Investigates 'Missing' Alimony Payments

There's a $2.3 billion difference between what payers of alimony say they've shelled out and what recipients say they've received. TIGTA is very unhappy about this.
A&A

Bramwell’s Lunch Beat: GOP Senators Sink Tax Extenders Bill

The menu for May 16 features specials on PCAOB issues staff guidance on economic analysis standard setting, Beswick to leave SEC, CAQ and George Washington University start financial disclosure project, and more.
Tax

A Guide to the Tax Rules of Mortgage Refinancing

On the roller coaster that's the U.S. mortgage market, we may be seeing an opportunity to refinance once again. But beware the IRS—the tax rules are tricky and strict.
Practice

How Accountants Can Get a Good Night's Sleep

Yeah, we know all the excuses: it's busy season, the clients are demanding, this is what you signed up for. But you still need to sleep at night. Here are some tips on making sure you sleep when you go to bed.
A&A

Bramwell’s Lunch Beat: Inversion Bill Is on the Way

The menu for May 15 features specials on Citibank cleans house over Banamex loan fraud, why hedge fund managers don’t use corporate tax loophole, two questions loom over Senate tax break bill, and more.

When Does the IRS Consider Education Deductible?

If you're thinking of taking a course to improve your skills, the tuition may be tax deductible. But there are gray areas, and IRS guidance is far from clear. Would-be students have to pass a multipronged test.
Tax

IRS Not Continuing Legal Fight Over Regulating Preparers

The agency decided not to file a petition with the US Supreme Court by the May 12 deadline to continue a court battle on whether it has the legal authority to mandate testing and continuing education of paid tax return preparers.
A&A

Alert Highlights Big Changes for Audits of Broker-Dealers

A member alert issued by the Center for Audit Quality and the AICPA outlines regulatory changes for audits and attestation engagements of brokers and dealers and futures commission merchants that are effective June 1.
Practice Management

How to Throw a Party—Accounting Style

Most people don't put "accountant" and "party animal" together. But according accounting association BKR International, accounting firms lead the way in creative, year-round morale-boosting events.
A&A

Reconciliation of Accounts Still Mostly Done by Hand: Report

Fifty-nine percent of US companies and 66 percent of Canadian businesses are still reconciling their general ledger accounts manually, according to a new report from Robert Half and the Financial Executives Research Foundation.
A&A

Bramwell’s Lunch Beat: New EU Audit Rules Could Be a ‘Challenge’ for US Banks

The menu for May 14 features specials on tax proposal could beef up highway fund, no veto threat on Senate tax extenders bill – yet, GOP wants medical devices tax eliminated, and more.
A&A

Auditing Special Purpose Frameworks: Flowchart Prep Tips

Electronically prepared flowcharts are rapidly becoming the most effective means of documentation. Today, the creation process has become quick and easy.
Practice

Building High-Functioning Teams

Create a team that operates efficiently, meets goals and has team members enjoying coming to work each day. Building a great team will attract great team members that are looking out for each other and the client, improving project realization and retention at the same time.
Tax

Senate Advances Tax Break Legislation

By a vote of 96 to 3, the Democrat-controlled Senate took its first step in reviving a plethora of expired tax breaks by advancing a bill on Tuesday that would extend the provisions for two years, adding nearly $85 billion to the deficit.
A&A

FRF for SMEs Series—Statement of Financial Position, Part 2

This presentation will discuss the accounting policies and disclosure requirements for certain assets and liabilities in a statement of financial position.
Tax

Report: IRS Made Up to $15.6 Billion in Faulty EITC Payments in 2013

The Treasury Inspector General for Tax Administration found that 22 to 26 percent of all EITC payments were issued improperly by the IRS last year, costing taxpayers between $13.3 billion to $15.6 billion.
Practice Development

How to Start a Cloud Accounting Practice

Don't be intimidated by the jargon. You too can move to the cloud, creating a true modern accounting practice. Be more creative in the accounting services you offer.
A&A

Bramwell’s Lunch Beat: Tax Break Ball Back in Senate’s Court

The menu for May 13 features specials on Credit Suisse deal with US could reach $2 billion, financial restatements pack less of a punch, Audit Analytics examines SEC case lengths and settlements, and more.

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