News | AccountingWEB



Tax Season is Over! What Should Your Firm Do Next?

Now is the time to secure success for the rest of the year and to plan ahead for next tax season. Here are several ways to make the most of post-tax season.

Investors Leery of Separate Accounting Standards for Private Companies

CFA Institute report says the argument for creating standards for nonpublic entities “doesn’t withstand scrutiny.”

New Report from the IFAC Tackles Risk Management

Paper from global accounting group focuses on how boards and management can effectively manage risk as an integral part of managing an organization.

Bramwell’s Lunch Beat: Labor Dept. Extends Comment Period for Fiduciary Rule

The menu features specials on Hertz’s pending restatements, health law tax is being passed along to states, and more.
Education & Careers

Survey: Companies Planning on Hiring More Tax Pros This Year

69% of the 356 US companies that were polled by TaxTalent said they would be expanding their tax staffs in 2015.

Q&A: Would IRS Challenge a Partial Tax Write-Off for a Live-in Girlfriend?

Also, can a family that pays a housekeeper and provides her board and lodging be able to claim her as a dependent?

Our Friday Wrap-Up: What You May Have Missed This Week

Auditing in the 21st century, guide to anxiety in the workplace, how to operate a business with no managers, and more.

Litigation Prompts Revamp of FHA Reverse Mortgage Policy

Regulator will no longer allow lenders to delay demanding payoffs of certain reverse mortgages by the surviving spouses of the deceased borrowers.

Editor’s Corner: Is Sage Innovating? And Other Tales

Quite a week for accountants, getting some brand-new offerings just for them from the vendor community, so we hope they’re all feeling the love.

Bramwell’s Lunch Beat: More Accounting Woes for Hertz

The menu features specials on father and son charged in insider trading case, House passes bill to make police death benefits tax-free, and more.

Sage Gears New Online Hub Toward Accounting Firms

In yet another accountant-centric move, Sage has launched Sage Impact, designed to house in one place all the cloud applications an accounting firm uses.

Clarified Auditing Standards: Materiality in Planning and Performing an Audit – Part 1

A look at the definitions of materiality, performance materiality, and tolerable misstatement under AU-C Section 320.

How to Successfully Navigate the Stages of Technology Company Funding

Companies need to demonstrate to investors, in a quantifiable way, how they will effectively capture market share.

AICPA Unveils 6-Point Plan to Improve Audit Quality

The action plan, released on May 14, focuses on private company financial statement audits, employee benefit plans, and US governmental entities.

Bramwell’s Lunch Beat: SEC Appoints Wesley Bricker as Deputy Chief Accountant

The menu features specials on Toshiba to restate profits after accounting errors, millennials and 401(k)s, and more.

Avalara Unveils SALT Program for Accountants

SALT-in-a-Box is a new Avalara program aimed at accountants and bookkeepers who want to help clients address state and local tax compliance issues.
Practice Management

Three Key Reasons Why There Is Still Value Pricing Hesitation

Longtime value pricing proponent Ron Baker discusses why there is still resistance to the practice among accountants.

NASBA: Private Company Standard-Setting Process is ‘Effective and Efficient’

But NASBA officials urged the FAF not to limit the Private Company Council’s role in that process.

Eight Lessons Accountants Can Learn from the TV Show ‘Mr. Selfridge’

The PBS Masterpiece Theatre program casts the company accountant, Arthur Crabb, as the hero. Here are his best traits.

Sage and Salesforce Ink Cloud Accounting, Payroll Deal

Sage Life, a new platform as a service, allows for accounting, payroll, finance data, and client connection in the cloud.


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