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Tax

The IRS Doesn’t Take Pity on Home Sellers Who Suffered a Loss

The tax code bars deductions for losses on sales of things considered personal assets, such as principal residences.

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

CPAs and the MBA, five ways to be brilliant at networking, importance of first aid training at your firm, and more.
Practice Management

Editor's Corner: What's New in Vendor and Firm Plans?

This week's Corner explores some of the latest key vendor moves as well as some powerful opinions and reports around your firm's and clients' future.
A&A

Bramwell’s Lunch Beat: IFRS Filing Option Has ‘Little Support,’ SEC Official Says

The menu features specials on Toshiba’s accounting probed, Sander Levin not optimistic about tax reform, and more.
Practice

Succession Planning Myths vs. Reality

Transition Advisors Managing Director Bill Carlino explains five common myths and often harsh realities associated with firms and succession planning.
Tax

IRS Showing Improvement in Processing Political Groups’ Tax-Exempt Applications

IRS has completed processing for 149 of the 160 tax-exempt applications that had remained open at the end of 2012.
Practice

IMA: Business Hiring Plans Won’t be Impacted Much by Affordable Care Act

Only 17% of IMA members expect the healthcare law to negatively affect their hiring decisions in the coming year.
A&A

Bramwell’s Lunch Beat: SEC Has a Home-Court Advantage in Enforcement Cases

The menu features specials on IRS sets up cyber investigative team, report says most tax scofflaws at IRS not fired, and more.
Practice Development

One Firm's Tale of Growth Through New Tech

Shelly Lingor, director of business accounting solutions at The LBA Group, explains how new technology helped boost the firm's revenue and services.
Practice

Donor Advised Funds and How Nonprofits Can Effectively Work with Them

When run by a financial services firm or community trust, this vehicle offers many tax benefits to philanthropists.
Tax

IRS: Exempt Organizations Must File 990-Series Forms by May 15

Agency cautions tax-exempt groups not to include Social Security numbers or other personal information on forms.
A&A

Clarified Auditing Standards: Assessing Risks of Material Misstatement – Part 4

Internal control activities play a key part in the risk assessment procedures required under AU-C Section 315.
Technology

Rise in Data Breaches Has Consumers More Cautious about Shopping Habits

AICPA survey found that 25% of US adults have been victims of a cyberattack – up from 11% – in the past 12 months.
A&A

Bramwell’s Lunch Beat: Lawmakers Mull ‘Patent Box’ Tax Break on Research

The menu features specials on IRS scrutinized on education credits, SEC wants more advisor exam funding, and more.
Practice

New NASAA Rules Require Written Succession Plans

Advisory firms and their clients will now have to think strongly about documented succession plans, according to new guidance from the NASAA.
Practice

The 3 Key Benefits of Using Analytics as a CFO

Analytics provides finance chiefs with valuable information to improve opportunities for growth, innovation, and new revenue streams for their organization.
Practice Development

Intuit Considers Accountants in Revamped Ad Contest

Intuit's Small Business, Big Game effort is back, and this time accountants get to win free advertising from the QuickBooks maker as well.
Tax

AICPA Sends IRS Tax-Related Recommendations for Priority Guidance Plan

The US Treasury and the IRS use the plan each year to identify and prioritize tax issues that should be addressed.
A&A

Hedge Fund Auditor Charged by SEC Over Misleading Financial Statements

Two Alpha Titans executives also agree to fines and sanctions to settle charges for improper expense allocations.

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