News

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.
Practice

How to Become a Temporary Accountant

The financial labor force has changed, and now adaptable accountants can make a solid career by working as long-term temps, lowering job risk without sacrificing career growth or pay. "Temporary" may be the new name of the game.
A&A

Bramwell's Lunch Beat: IFRS in the US? Maybe. Maybe Not

The menu for June 10 features specials on House GOP alleges IRS data dump was illegal, Senate lawmakers squabble over use of repatriated tax holiday, ex-BDO vice chairmen get jail time over tax scheme, and more.
Practice

How to Prospect While Volunteering at a Nonprofit

Accountants are always welcome members on the boards of nonprofits, and it's a chance to mix some business development with good works. But a soft-sell is essential.
Technology

Excel Puzzler: MAXIF Without Using an Array Function

Special AccountingWEB Article: A recent piece addressed the lack of MAXIF in Excel. A clever reader uncovered an alternative buried deep in Excel. Can you uncover it too? Test your Excel skills!
A&A

Companies Shelling Out More Money to Finance Executives

Salaries for finance leaders in private and public companies in 2014 have increased 3.3 percent and 3.4 percent, respectively, according to a new survey released by Grant Thornton and the Financial Executives Research Foundation.
Tax

IRS Draws the Line on Clothes, but Loopholes Remain

It's common knowledge that the IRS makes it difficult to deduct clothing used for work, but the Supreme Court has carved out some exceptions. Know how to take advantage of them.
A&A

Bramwell’s Lunch Beat: Meet Mike McGuire, Grant Thornton’s Next CEO

The menu for June 9 features specials on accountants and artwork, Israeli bank to pay US $289 million in tax-evasion deal, Illinois Tool and IRS to battle in US Tax Court, and more.
Practice

Intuit Injects Note of Caution on Cloud

Although the venerable accounting technology giant is onboard with the cloud, it advises firms to give a lot of thought and to take care of the details before making the move.
Tax

Expecting a Tax Refund? Not So Fast!

The IRS can hold back tax refunds of taxpayers for up to six months while it examines their tax returns from other years. It can then use the refund to offset the tax liability. And the program may expand further.

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