News

Tax

How to Deduct Home Entertainment Expenses

Do you entertain clients at home? You may be blurring the lines between business and pleasure, but the IRS isn't. Here's how to avoid deduction problems by learning the IRS rules.
A&A

Bramwell’s Lunch Beat: Would KPMG Bail On Phil Mickelson?

The menu for June 2 features specials on how taxes could curb consumption of sugary drinks, tax question looms over Illinois governor’s race, roads – not gas – should be taxed, Donald Sterling’s huge tax bill, and more.
Education & Careers

What an Experienced Accountant Can Tell a Newbie

There are seven things I would tell my younger self. We can't go back in time, but we can pass our wisdom on to the next generation of accountants. Reflect on what's important.
A&A

Deal with Rothstein Kass Makes KPMG US Hedge Fund Leader

KPMG officials said the acquisition, which will be finalized in the coming weeks, will boost the Big Four firm’s presence in the alternative investments industry and capital markets, including hedge funds.
Tax

IRS to Revise Regs for Tax-Exempt Groups on the QT

In response to public outcry, the nation's tax collection agency announced that it would revise proposed regs governing political activities of Section 501(c)(4) organizations.
A&A

Bramwell’s Lunch Beat: Bonus Depreciation Gets House Backing

The menu for May 30 features specials on Hong Kong’s concern over auditing ban proposal, California lawmakers pass film and TV tax credit bill, Moss Adams helps Washington mudslide victims, and more.
Practice

AAM Marketing Ideas: The Firm Scorecard

Competition today is tougher, expectations are higher, and costs are increasing. To sustain growth and profitability, firms need to put an easy-to-use scorecard in place. Uncover what needs to be done and measured at your firm.
Education & Careers

Individual Leadership: Networking and Connecting with Your Profession

In this final session of a four-part series on Individual Leadership, we will look at networking and discover a more empowering way to relate to it: connection.
A&A

FRF for SMEs Series—Statement of Operations, Part 1

This presentation will discuss the presentation of a statement of operations for the FRF for SMEs. This webcast will focus on accounting policies for revenue recognition and certain expenses.
Tax

Some Suspended or Disbarred Tax Pros Reinstated by the IRS

Recent court rulings that now prevent the IRS from regulating paid preparers have resulted in some suspended or disbarred tax practitioners being able to obtain or renew PTINs and prepare federal tax returns again for compensation.
Practice

Don't Get Caught in an EEOC Discrimination Nightmare

Whether accountants are firm owners, business executives, or just employees, a little knowledge of the EEOC can save money and avoid legal proceedings.
A&A

FASB, IASB to Hold Revenue Recognition Webcast on June 5

The one-hour broadcast will provide an overview of the new accounting rule, as well as information on such topics as recognizing revenue over time, contract costs, disclosures, transition, and effective date.
A&A

Bramwell’s Lunch Beat: CFOs Give Their Take on New Revenue Rule

The menu for May 29 features specials on California lawmakers reject bill tying CEO pay to state’s corporate tax rate, DC Council backs large tax cut, a profile of Xero CEO Rod Drury, and more.
Practice

The Hows and Whys of a Cool Logo

Accounting firm owners spend many hours, and many dollars, obsessing about their first impressions. It's about more than a well-pressed suit and firm handshake: You need an eye-catching logo. A leading brand expert shares his insights.
A&A

Improving Retiree Benefits Reporting Focus of New GASB Exposure Drafts

Proposals would significantly improve financial reporting of other postemployment benefits, such as retiree health insurance, as well as establish requirements for pensions and pension plans that are outside the scope of the rules the GASB published in 2012.

AccountingWEB Forums Is Now at Your Service

The Internet, for better or worse, brings people together. The Internet, for better or worse, also lets people converse about topics that are important to them. It’s done wonders for cats and conspiracy theorists, for example.
A&A

FASB, IASB Unveil Final Standard on Revenue Recognition

The two standard-setting boards announced the release of the converged standard on the recognition of revenue from contracts with customers on Wednesday morning – the culmination of a joint project that has been in the works since 2008.
A&A

Auditing Special Purpose Frameworks: Inquiries

Inquiries are recognized in the auditing standards along with other types of tests and are normally the most cost efficient of all auditing procedures. Responses provide information useful from start to finish.
A&A

Bramwell’s Lunch Beat: Maryland Tax Case Heads to US High Court

The menu for May 28 features specials on House Ways and Means Committee to consider six tax breaks on Thursday, why a carbon tax is needed, harnessing the US tax code to promote college affordability, and more.

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