News

Practice

CPAs Join Forces, Give Back During Day of Service

Last month, thousands of accountants across the country stepped away from their spreadsheets to plant gardens for seniors, clean beaches, serve meals to the hungry and homeless, and more.
A&A

Bramwell’s Lunch Beat: What’s the Deal with Earnings Stripping?

The menu for Oct. 3 features specials on Canada’s top two national accounting groups unite, Salix nixes inversion deal with Cosmo, IRS advisory panel has vacancies to fill, married reality TV show stars get jail time for fraud, and more.
Practice

10 Questions Young CPAs Should Ask Firm Partners

Many young professionals are eager to build strong relationships with partners and senior managers. The best route is through questions that show a personal interest—but in a professional manner.
A&A

Survey: Public and Private Company Audit Fees Went Up in 2013

Public companies' audit fees increased 4.5 percent last year, while audit fees for private companies were 3.7 percent higher in 2013, according to the results of a new survey released on Thursday by the Financial Executives Research Foundation.
Practice

Not So Fast: Cloud Hits Roadblocks

What's stopping small-business cloud adoption? Survey finds that cloud-friendly products may lag, while many still feel doubtful about cloud's reliability. The industry may be awaiting a certain critical mass to grow further.
A&A

Bramwell’s Lunch Beat: New Twist in PCAOB’s Auditor Naming Plan

The menu for Oct. 2 features specials on Britain’s financial watchdog launches Tesco accounting probe, GOP at odds over whether to pursue tax reform, IRS tax revenue increased 13% in 2013, and more.
A&A

5 Ways to Prepare for New Lease Accounting Rules

The changes to lease accounting rules are just the beginning. Do you know your exposure? Will your software be up to the job? The time for CPAs to find a solution is now.
A&A

9 in 10 US Internal Auditors Received Pay Raises in 2014: Report

2014 has marked the fifth consecutive year in which the percentage of US-based internal auditors who earned bigger paychecks increased, according to a new study from the Institute of Internal Auditors.
A&A

Small Business Owners Have a Good Feeling About 2015: Survey

A new survey from online accounting software provider Xero found that nearly 90 percent of small businesses are forecasting an increase in revenues next year, while 21 percent are expecting growth of more than 100 percent.
Tax

How to Get the Most from Medical Deductions

The law makes it hard for itemizers to deduct medical expenses, and the AGI limits are high. But there are some workarounds that can give taxpayers a break even when they think they're ineligible.
A&A

Bramwell’s Lunch Beat: IRS Tax Subsidy Rules Take Another Hit in Court

The menu for Oct. 1 features specials on drug makers are using another tactic to cut tax bills, FASB simplification project sees early support, IRS collection efforts again under scrutiny, and more.
A&A

Auditing Special Purpose Frameworks: Accounts Payable and More

Covered here are accounts payable, accrued expenses, long-term debt, and pension obligations; note that differences may arise in the future for capitalized lease obligations.
Tax

IRS to Issue EITC Due Diligence Letters Next Month

Starting in October, the IRS will send warning letters to tax return preparers who appear not to be complying with the Earned Income Tax Credit due diligence requirements.
Practice

The 3 Answers for an Anxiety-Free Cloud Move

CPA firms have increased their adoption of business-grade cloud technology but still have reservations that prevent more pronounced adoption rates. However, they don't need to worry.
A&A

Bramwell’s Lunch Beat: BofA Smacked with $7.65M SEC Fine Over Accounting Flub

The menu for Sept. 30 features specials on BKD LLP and Wolf & Co. merge, EU reveals details of Ireland/Apple tax probe, Indian citizens can now take the CPA Exam in the Middle East, and more.
Practice

Two Accounting Firms Win Awards for Happy Employees

We've probably all worked for soul-sucking managers who expect employees to work 24/7. But you won't find them at these two firms, which have managed to create award-winning work environments.
Tax

TIGTA Finds Flaw in IRS Collection Efforts for Unpaid Taxes

In a report released on Monday, the IRS watchdog found that the tax agency may not be completing the required research steps in collecting delinquent taxes before considering the cases “not collectible.”
Practice

Internal Complexity Top Challenge CFOs Are Facing: Report

According to a new Accenture study, dealing with legacy systems and environments, managing the complex needs of all stakeholders, new and complex business risks, and supporting increasingly complex operating models were the top four issues cited by CFOs.
Tax

How to Handle Start-Up Costs

The school year is off and running—have your start-up clients launched as well? It may make a big difference in tax status. Know the rules, phase-outs, and timing—and the limits for 2014.
A&A

Bramwell’s Lunch Beat: GOP Mum on Tax Cuts This Election Season

The menu for Sept. 29 features specials on EY’s fiscal-year revenue up 6 percent, EU criticizes Apple’s tax deals in Ireland, banks cash in on tax trade, Boehner says tax reform “doable” in next two years, and more.

Pages


Already a member? log in here.