News

Practice

Hiring Forecast Has Good News for Accountants

Despite the economy's steady, albeit somewhat unhurried, recovery, businesses in accounting, finance, and IT are reporting a significant increase in unfilled staff positions, says forecast.
A&A

Bramwell’s Lunch Beat: Hedge Fund’s Tax Maneuvers Under Scrutiny by Lawmakers

The menu for July 14 features specials on UK to tighten rules on foreign takeovers, House likely to vote on highway fund bill this week, another judge wants answers on lost IRS emails, and more.
Tax

The Strange Case of the Blood Deduction

Few tax rules are as long standing and as stringently enforced as the blanket prohibition of deductions for the costs of commuting between home and work. Then came the woman who sold blood and presented novel interpretations of the tax code.

Editor's Picks: Milking the Staff; Taking Over a Small Practice; Wellness and Performance

Here are some of the latest items from our sister sites that you might enjoy, because after a week off, absence of links makes the heart grow fonder.
Education & Careers

Kentucky Students Attend CPA Summer Camp

The Kentucky CPA Society has been running a summer camp for teens interested in becoming accountants, immersing the students in everything from auditing to business etiquette.
A&A

Bramwell’s Lunch Beat: Rep. Steve Stockman Wants Lois Lerner Thrown in Jail

The menu for July 11 features specials on IRS to take oath on missing emails, short-term highway fund fix gets support on both sides of Congress, Ventas dismisses EY as auditor due to inappropriate relationship, and more.
Tax

House Passes Bonus Depreciation Bill

By a 258-to-160 vote, the Republican-controlled House of Representatives passed a bill on Friday morning that would permanently extend the bonus depreciation tax break for businesses. Thirty-four Democrats voted for the legislation; two GOP lawmakers voted against it.
Practice

AAM Marketing Ideas: The Step-by-Step Marketing Plan

Today, deals are done, prospects are sought out and existing clients are nurtured, based on relationships. People do business with people—especially with people they like and trust.
Tax

White House Opposes House GOP’s Bonus Depreciation Bill

The Republican-led House of Representatives is expected to pass a bill on Friday that would permanently extend the bonus depreciation tax break. But don’t expect President Obama to sign it.
Tax

Sweating the Small Stuff: New 'Yoga Tax' Approved

States are always on the prowl for new revenue, and the nation's capital has decided getting healthy is worth 5.75 percent. Indeed, almost half the states tax health clubs, and New York has been splitting hairs in taxing various establishments.
A&A

Bramwell’s Lunch Beat: TIGTA Wants IRS to Revise Form 1040

The menu for July 10 features specials on Credit Suisse wants sentencing for aiding tax evasion pushed back until November, Lois Lerner’s warning about IRS email chatter, lawmakers discuss highway fund plans today, PwC must face MF Global lawsuit, and more.
Practice

Building a Pipeline for CPA Firm Success

Everyone talks about new ideas, but how do you get from vague thoughts to actual results? You need to turbo-charge your "do to" list and let yourself daydream to improve your firm. Establish a consistent method for capturing ideas.
Tax

New IRS Rules Place Limits on Tax Refund Direct Deposits

Starting in January 2015, the IRS will limit the number of refunds that are electronically deposited into a single financial account or pre-paid debit card to three, as part of the agency's effort to crack down on fraud and identity theft.
A&A

Fitch: IFRS Adoption in the US Unlikely

As the FASB and the IASB continue to move away from full convergence of their standards, the prospects of international accounting rules being fully adopted in the US in the near future are growing less likely, according to a Fitch Ratings report.
Practice

Tech Review: Expense Receipts on the Go

Quick management of your expenses while on the road is as close as your cellphone. You don't have to track down a copier or scanner after a busy day, or spend a lot on expensive programs.
A&A

Bramwell’s Lunch Beat: Salix Jumps on Tax Inversion Bandwagon

The menu for July 9 features specials on Ways and Means pitches transportation measure, House likely to vote on bonus depreciation bill this week, IMA names new chairman of its Global Board of Directors, and more.
A&A

FRF for SMEs Series--Statement of Cash Flows, Subsequent Events, Related Party Issues, Accounting for Investments including Consolidations, Part 4A

This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
A&A

Auditing Special Purpose Frameworks: Modifying Audit Programs

Quality control practice aids purchased from major publishers are excellent tools to help with a CPA firm's quality control system. And practitioners can modify them as needed.
A&A

New Internal Audit Leadership Designation Unveiled by the IIA

Qualification in Internal Audit Leadership, a new program designed to identify and support the next generation of leaders in the internal audit profession, was introduced on Tuesday by the Institute of Internal Auditors.
Practice

Early Warning Signs You're Losing a Client

There are often competitors in the background telling your clients they can do better if they change accountants. You have to be on top of the relationships to keep them—here's how.

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