Latest Articles

November 21, 2018 

Phrases such as "Cloud Computing" and "Moving to the Cloud" have been a consistent part of the conversation around IT strategy in the accounting profession for a number of years. It means different things to different firms based on several factors ...

November 21, 2018 

In short, accounting competence in the C-suite is, the professors write, a “two-edged sword” that can either enhance or subvert financial reporting.

November 21, 2018 

“The AICPA is concerned about the planned changes to the transcript process and potential delays it would cause in a tax preparer’s ability to obtain transcripts and timely assist taxpayers."

November 21, 2018 

Contractors often need to post contract bonds when they want to bid on public projects. In fact, most federal projects require obtaining bid, performance and payment bonds. In addition, private project owners are increasingly also including this ...

November 20, 2018 

To grow your firm’s accounting profits by 20% or more, you need full control over your engagements. Accounting Power CAS is the first system designed to put CPAs back in control. The result? 20% more accounting profits, guaranteed.

November 20, 2018 

According to the Bureau of Labor Statistics, more than 70% of employees have access to paid days off from work for sick or vacation time. Although these are common paid time off programs, sick and vacation days aren’t the only time off work you can offer.

Rachel Blakely-Gray

November 20, 2018 

The AICPA’s Financial Reporting Executive Committee (FinREC) has issued an early working draft of Inventory Valuation guidance, which is part of a broader forthcoming release of its Business Combinations Accounting and Valuation Guide.

November 20, 2018 

The AICPA requires CPAs in an audit (attest engagement) to provide reasonable assurance in the audit opinion that completed financial statements are free of material misstatements which might be due to error or fraud.

November 20, 2018 

This chart shows an estimated timeline for when a taxpayer is likely to receive their refund. If yours is delayed, use the "Where's My Refund?"tool on the IRS website - Or download the IRS2Go app to check your refund status.

November 19, 2018 

Effective Jan. 1, 2018, exchanges of personal or intangible property such as machinery, equipment, vehicles, artwork, collectibles, patents, and other intellectual property generally do not qualify for nonrecognition of gain or loss as like-kind ...

November 19, 2018 

Charities are expected to receive fewer donations this year as a result of the new tax laws that, among other things, eliminated or sharply reduced the tax benefits of charitable giving for many Americans.

November 19, 2018 

Last December’s tax-reform bill upends conventional tax-planning strategies and dramatically changes the landscape for this year’s tax filings. The good news is that there is still time to ease the pain of the upcoming filing season – even this late ...