News

Practice

Don’t Leave Money on the Table When You Suspect IRS Error

The IRS isn't always perfect in its calculations of underpayment interest and refund interest. Two BDO USA professionals, Cathy Stopyra and Todd Simmens, provide advice so you don't walk away from overpayments that are rightfully owed to your company.
A&A

Bramwell’s Lunch Beat: California Soda Tax Measures – Whose Is Better?

The menu for July 23 features specials on FASB looks at revamping income statement, two courts issue conflicting rulings on Obamacare subsidies, Senate advances bill to end tax breaks for outsourcing, and more.
Practice Management

The 16 Ways to Screw Up Delegation

We've all tried to make our work-lives more efficient, transfer knowledge to newer team members and leverage our practices. Sometimes delegation works, and sometimes, well—it doesn't.
Practice

Learn to Relax in High Pressure Situations and You Just Might Win More Business

You have a big presentation forthcoming that might enable you to land a huge client for your firm. Are you sufficiently relaxed to be at your best? Let me offer a story and some observations that drive home a crucial point.
A&A

Big Data Cited as Top Issue for Some CPAs

Accountants who specialize in forensic and valuation services point to electronic data analysis, or big data, as the most pressing issue they’ll face in the coming months, according to results of a new survey released on Tuesday by the AICPA.
A&A

Bramwell’s Lunch Beat: ACA Tax Subsidies Take Major Hit in Federal Appeals Court

The menu for July 22 features specials on Renaissance hedge fund escaped more than $6 billion in taxes, Lois Lerner’s emails may exist after all, Senate Finance Committee holds hearing on inversions, and more.
Practice

How to Go Solo Without Going Crazy

You should be investing your limited time and financial resources in areas that are likely to bear fruit and not in chasing after ideas that force you to spread yourself too thinly.
Tax

Poll: Smokers Fired Up Over Increases in Cigarette Taxes

A new Gallup survey found that 58 percent of smokers in the United States see increased state and federal taxes on cigarettes as an act of unjust discrimination, while 39 percent believe the tax hikes are justified.
A&A

CPAs Call for More Financial Literacy Education After U.S. Students Disappoint on OECD Test

Your teen may be tech-savvy enough to help you stream episodes of “Game of Thrones,” but chances are you can’t expect them to display the same level of sophistication when it comes to understanding even the most basic financial concepts, according to a recent financial literacy survey.
A&A

PCAOB Reaches Deal with Denmark’s Audit Regulator

The US audit regulator's agreement with the Danish Business Authority, which was announced on July 18 and takes effect immediately, provides a framework for joint inspections and allows for the exchange of confidential information under the provisions of the Dodd-Frank Act.
A&A

Bramwell’s Lunch Beat: Detroit CPA Firms Give Top Prospects the ‘Detroit Experience’

The menu for July 21 features specials on some liberal groups oppose moratorium on Internet access taxes, lawmakers urge SEC not to allow choice of accounting rules, Tea Party groups’ lawsuit vs. IRS moves ahead, and more.
Tax

Sales Tax Confusion: Either Way, You're Screwed

If you don't collect enough sales tax, you're in trouble with the state. Collect too much and the lawyers will be after you. Vendors may feel they're in a no-win situation.
Tax

IRS: Assess Changes Now That May Affect Your Premium Tax Credit

Certain “changes in circumstances,” such as in household income or family size, could alter how much eligible taxpayers receive in health insurance premium tax credits, the IRS cautioned on Friday.
Practice

Editor's Picks: Management Theories That Work; Mistakes by Small Firms; Making Flex Time Work

A link a day (on average) keeps the doctor away. We invite you to stay healthy.
Tax

How to Manage the 'Stealth Tax' Today

ATRA revived partial disallowances of write-offs for dependency exemptions and most itemized deductions. The provision affects higher-income individuals. What's the deal right now--including the 2014 exemptions?
A&A

Bramwell’s Lunch Beat: DOJ Says It Learned of Lost IRS Emails Through Media Reports

The menu for July 18 features specials on House extends charitable giving tax breaks, a potential divide between two House panels in IRS probe, AbbVie gets its wish of a lower tax rate, and more.
Practice

Stop! Delete Circular 230 Disclaimer from Client Emails

You know all that Circular 230 disclaimer copy you thought you had to put in all your emails? That small-print notice every single one of your clients ignored? The IRS wants you to stop.
A&A

FASB OKs New Rules on Consolidations

New accounting guidance intended to increase transparency and consistency of financial reporting about consolidations was agreed upon by members of the standard-setting board on Wednesday. The final standard will be released in the coming months.
Practice

Marketing 101: What Every Small Firm Should Know

Large firms have in-house marketing and PR teams to take care of business development. Small firms, however, need to be strategic in their marketing efforts. Here's how to match the big boys.
A&A

Bramwell’s Lunch Beat: IRS Budget Cuts Run Deep in US House

The menu for July 17 features specials on revenue recognition group holds first meeting on Friday, DOJ now investigating lost IRS emails, White House threatens veto on charitable giving tax breaks, SEC chair remarks on 4th anniversary of Dodd-Frank Act, and more.

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