News

A&A

Download GASB’s New Proposals for Retiree Benefit Plans

Three exposure drafts the GASB approved in May – two regarding other postemployment benefits and one on requirements for pension plans that fall outside of the board's pension rules – can now be accessed free of charge.
Tax

Working with the IRS: Post-April 15 Guidelines

Sure, tax preparers have a lot of work leading up to April 15. But there's plenty to do afterward, as the IRS starts reviewing the returns—and possibly finding mistakes.
A&A

Bramwell’s Lunch Beat: Medtronic Riding ‘Tax Inversion’ Wave

The menu for June 16 features specials on lawmakers exasperated by lost Lois Lerner emails, the true cost of tax havens, Scott London said past year “worse than I could have ever imagined,” and more.
A&A

FRF for SMEs—Accounting for Certain Expenses

This webcast will focus on accounting and disclosure policies for certain expenses, accounting changes and risks and uncertainties.
Practice

Whether It's Golf or Business, You Need a Coach

Part mentors and part consultants, coaches can help everyone from staff accountants to managing partners. They can help us succeed on a professional and personal level.

Editor's Picks: Game of Thrones, CPA Edition; Get More Sleep; Customer Loyalty Discipline

Boldly linking where no site has linked before...okay, we've linked to these sites before.
Practice

How to Become a Retail CPA

Retailers have a different outlook on the client servicing process. CPAs would do well to emulate them, rather than just focusing on getting the work out and charging the most possible.
A&A

Bramwell's Lunch Beat: Drop in Income Taxes Catches Many States by Surprise

The menu for June 13 features specials on House passing more business tax breaks, Eric Cantor defeat may stall offshore tax holiday proposal, protests over Walgreens’ possible reincorporation in Switzerland, and more.
Tax

IRS Prohibits End-Run around ACA Rules

The Service takes a stand against employers who figure they'll pay workers upfront for health insurance on the state or federal exchanges rather than provide coverage themselves.
A&A

FASB Tweaks Rule on Repo Agreements

New guidance issued by the standard-setting board on Thursday changes the accounting for repurchase-to-maturity transactions and repurchase financings, and adds two new disclosure requirements.
Technology

Why You Need a Solid State Drive for Your Computer

Are you using yesterday's computer? Replace your conventional disk drive with a solid state drive. You'll spend more time getting work done and less time waiting for your computer.
A&A

Bramwell’s Lunch Beat: ‘Repatriation Rainbow’ Won’t Yield Pot of Gold for Highway Fund

The menu for June 12 features specials on no evidence found that Phil Mickelson traded Clorox shares, EY and Grant Thornton get reprimanded by PCAOB, FBI returns database with taxpayer info, and more.
A&A

Auditing Special Purpose Frameworks: Planning Document, Part 2

Illustrative technical audit planning decisions documentation, Part 2 of a Planning Document, is presented below. A standardized format ensures uniformity of the planning activities.
Technology

High Impact Excel: Basics Edition

In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
A&A

Bramwell’s Lunch Beat: Veto Threat Looms Over Section 179 Vote

The menu for June 11 features specials on European Union investigates tax breaks for multinationals, Wall Street loses an ally in Eric Cantor, IRS issues ruling on hedge fund fees, and more.
Tax

Breaking News: IRS Adopts a New Taxpayer Bill of Rights

With a push from NTA Nina E. Olson, the IRS has published a Taxpayer Bill of Rights modeled on the Bill of Rights in the Constitution. An understandable document for all.
Tax

Are IRS Revenue Agents Being Fair?

A TIGTA report identifies a couple of cases where revenue officers made mistakes, but for the most part gives the Service a clean bill of health. Indeed, TIGTA made no recommendations at all.
A&A

FASB Launches New Initiative to Reduce GAAP Complexity

The new effort involves the FASB adding narrow-scope projects to its agenda that were identified by stakeholders as areas where US accounting rules could be simplified in a relatively short period of time.
A&A

FASB Simplifies Rule on Development Stage Entities

New guidance issued on Tuesday reduces the overall cost and complexity associated with financial reporting for development stage entities, without lessening the availability of relevant information.
A&A

PCAOB Backs New Auditing Standard on Related Parties

The new guidance adopted on Tuesday focuses on related-party transactions, significant unusual transactions, and a company’s financial relationships and transactions with its executive officers – key factors in many financial reporting frauds.

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