News

A&A

Bramwell’s Lunch Beat: Could BK Deal Put Buffett and Obama at Odds?

The menu for August 29 features specials on EY audit deficiency rate was 49% in 2013, hedge funds look for clues on Treasury’s inversion crackdown, SEC issues whistleblower award, and more.
Practice

How to Wear the 'Business Advisor' Hat

Never overlook the importance of promoting your role as a trusted business advisor for your own clients. With a well-earned reputation as a trusted advisor, you are more competitive in your niche.
Tax

How to Take Business Convention Deductions

You generally get a good deduction but be careful, especially when travel outside of North America is involved. The IRS has some strict rules and a "reasonableness test."
A&A

Bramwell’s Lunch Beat: FASB Puts Onus on Management for Going Concern Disclosures

The menu for August 28 features specials on MF Global lawsuit against PwC will go to trial, CAQ releases new judgment tool for auditors, KPMG faces criticism for Espírito Santo audit work, and more.
Education & Careers

Top Female Exec Suggests Rethinking Work-Life Success

The work-life balance myth may be hopelessly flawed, but its most insidious deception is its implication that work and family are separate lives. There are other approaches.
Education & Careers

Developing Successful Associates and Managers

Transfer your knowledge and experience to prepare your team for the challenges and opportunities of an accounting career.
Wealth management

How to Find the Cap Gain Tax Balance

Accountants often have to deal with the results of any investment advice clients obtained during the year, so it's a good idea for them to become adept at the deceptively tricky cap gains rules.
A&A

Bramwell’s Lunch Beat: Inventory Surfaces as Top Accounting Issue

The menu for August 27 features specials on seven US companies whose effective tax rates are shrinking, CFOs running the numbers on inversion, GOP Senate candidate calls for gas tax reduction, and more.
A&A

Auditing Special Purpose Frameworks: Auditing Inventories

Determining inventory quantities and values is an important management responsibility for the FRF for SMEs. There is, however, a difference from U.S. GAAP in some situations.
Tax

Study: Airlines Get $1 Billion in Fuel Tax Breaks Per Year

The report, released on Tuesday by UNITE HERE International Union, found that the US airline industry received tax breaks on more than 12 billion gallons of jet fuel in 2013 through obscure tax codes in 37 states.
Practice

The 7 Ways to Transition Your Practice

Accountants without a succession plan are hurting not only themselves but their clients as well. Here are seven ways to see your practice continues after you retire—some of them are better than others.
A&A

James Schnurr is the New Chief Accountant at the SEC

A former partner and vice chairman with Deloitte LLP, Schnurr, who recently retired from the firm, will head the SEC's Office of the Chief Accountant. He begins his new post in October.
A&A

Bramwell’s Lunch Beat: Burger King’s Whopper of a Deal

The menu for August 26 features specials on two top House Republicans profited from inversion deal, GOP charges IRS with conflict of interest, judge questions shareholder deal in HP/Autonomy accounting fraud case, and more.
A&A

SEC Cracks Down on the Golf Course

Summer is a time for kicking back and playing a few round of golf with friends, for example. But if you're on the green, you'd better be careful: The SEC may be looking over your shoulder.
A&A

Issues Persist With GASB Standard on Impairment of Capital Assets

A review team recently concluded that accounting guidance for governments on capital asset impairments and insurance recoveries does provide pertinent information to financial statement users but does not resolve all issues underlying its purpose.
Practice

Don't Be Afraid to Sell…and Quote a Price

To set up the right value pricing for your client, you need to know what questions to ask first so you can later sell your value. Here are some tips on how you can better understand your client.
A&A

Bramwell’s Lunch Beat: Is an Inversion Next on Burger King’s Menu?

The menu for August 25 features specials on the specter of Ronald Reagan’s tax cuts is haunting Republicans, a tax-avoidance strategy not as scrutinized as inversions, now’s the time to open a charitable-gift fund, and more.
Tax

Tax Forms: The 'Miscellaneous' Strategy

Yes, Schedule A is where itemizers claim deductions for miscellaneous expenses. But Schedule A is also a good place for some sophisticated tax planning—if you know the strict IRS rules.
Tax

Breaker 1-9: Highway Use Tax Returns Due September 2

The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more, which generally includes trucks, truck tractors, and buses. The Labor Day holiday pushed the due date for Form 2290 back two days.

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