PCAOB November 3, 2026
PCAOB Proposes to Update Rules on Auditor Comfort Letters
The Public Company Accounting Oversight Board is proposing to update what it says are outdated provisions in the auditing standard related to auditor comfort letters.
February 14, 2018
IRC Sec 751 in a Nutshell
With a Section 751 Transfer, we are usually talking about a commercial building or an appreciable asset. For this article, we are going to stick with a commercial building, because it is easier to explain. Let’s say you have a partner that has a ...
February 14, 2018
The Important Change to IRC §1031 Exchanges With the New Tax Law
A Section 1031 Exchange is a like-kind exchange. Before the new tax law, if you had anything classified as property, you could exchange that property for property that was like-kind, and avoid the capital gains tax on the transactions.
February 14, 2018
SAP Introduces Business Integrity Screening Solution to Decrease Financial Transaction Risks
With the rise of the digital economy, businesses are susceptible to new points of entry for potential fraud and other risks each day. Current detection measures leave investigators with too many false positives and more work than existing processes ...
February 14, 2018
Bloomberg Tax Introduces Advantage, a Suite of Software Solutions that Changes the Way Corporations Manage Tax
The new Advantage platform with an integrated collection of products allows users to track projects, manage documents, and collaborate with internal and external teams to improve financial controls through task automation and risk management.
February 14, 2018
How a 100-Year-Old Unbreakable Cipher Will Transform Digital Security
Today’s security protocols perform cryptography in all kinds of electronic networks, from sound to SMS texting to Internet web pages: but none of them use Gilbert’s OTP! So why doesn’t cryptography use this perfect Unbreakable cipher?
February 14, 2018
Using Industry Data to Help Restaurant Owners
Like other business owners, restaurateurs have more work than can typically be done in a day, so they often “can’t see the forest for the trees.” They are setting schedules for cooks and wait-staff, ordering supplies, processing payments and worrying ...
February 14, 2018
A Cybersecurity Call to Action – 6 Pitfalls for CPAs to Avoid with Clients
Many companies have not performed a formal cyber risk assessment, which makes it difficult to develop an appropriate response to those risks. What kind of data is being protected? What cyber threats will the client face? Every dollar spent on ...
February 14, 2018
IRS Income Tax Refunds Might Take Longer Under New Budget
The proposed budget for fiscal year 2019 that was released by the White House on February 12 includes a $2.3 billion outlay for tax filing and compliance administration and another $110 million to update the IRS’ computer systems.
February 14, 2018
Why Businesses Fail to Sell
A business might not trade hands because the owner is not willing to sell at a price that is lower than his perceived value. On the flip side, a buyer might not be willing to purchase a business at its selling price because they have reasonable ...
February 13, 2018
Salaries on the Rise According to New Study
Show me the money! A new report suggests job seekers have a little more heft when it comes to their salaries. Continuing a recent trend, the most recent analysis in Randstad's U.S. Salary Guides show that salaries have risen an average of three percent...
February 13, 2018
The Gig Economy and Accountants
Bankers driving Lyft. Software engineers launching businesses on Amazon. Marketing professionals picking up consulting projects. Welcome to the gig economy. Where employees have a side hustle, or three, and others have left the paycheck-to-paycheck lifestyle of Corporate America for the project-to-project grind. According to Investopedia, the gig economy is defined as an economy where temporary,...…
February 13, 2018
Why and How: A Strategy for Innovation
Over the last two to three years we have watched pundits and consultants promote ideas around emerging technologies. Some of the claims are ludicrous, loony, and ill-informed. Others are trying to position, parlay and learn. You’ve seen this column ...