Latest Articles

July 22, 2015 

Safeguarding one’s finances in case of a catastrophic event is an often overlooked aspect of disaster preparedness. To help people mitigate potential damages and lessen the financial blow of a disaster, The American Institute of CPAs (AICPA), American ...

Isaac M. O'Bannon

July 22, 2015 

The proliferation of unsanctioned file-sharing app usage at work points to unmet needs. When employees find themselves wasting too much time on common tasks such as locating and sharing files, they look for alternatives to the company-provided toolsets.

July 22, 2015 

The Institute established the scholarship in 2010 to encourage young CPAs to use their financial expertise in the practice of estate planning. The scholarship honors P. Thomas Austin, who chaired the Advanced Estate Planning Conference for three ...

July 22, 2015 

If you have ever had a client facing identity theft, you know that the first thing they want to find out is what specific information was compromised. But, until recently, the IRS has had a policy in place that prevented identity theft victims from ...

July 22, 2015 

Lewis also recommended specific changes to the tangible property regulations that address how businesses should report the acquisition and improvement of tangible property to reduce complexity. The $500 de minimis safe harbor threshold for taxpayers ...

July 22, 2015 

The newly proposed regulations from the U.S. Department of Labor includes expansion of overtime protections that may impact millions of American workers and their employers.

July 22, 2015 

Specifically, the API is designed to connect with software providers that offer donor management software, church management software, online donation platforms, or payroll software.

Isaac M. O'Bannon

July 22, 2015 

Says the bill encompasses recommendations proposed by the AICPA that would relieve burdens imposed on small businesses by the tax code.

July 22, 2015 

Thomson Reuters has released a special report on school district auditing to address the unique characteristics of planning and performing audits for public school districts and provides tips to help professionals perform effective and efficient school...

Isaac M. O'Bannon

July 22, 2015 

An increase in job openings and a rise in home equity values coupled with continued reductions in loan delinquencies means that the financial outlook for the average American is the most positive it has been since the third quarter of 2007.

July 22, 2015 

The Internal Revenue Service (IRS) is currently planning activities to address a recurring financial material weakness in its internal control over unpaid tax assessments.  However, planning for the Customer Account Data Engine 2 (CADE 2) Transition State 2 (TS2) has not included specific actions and activities necessary to guide new system development efforts and to...…

Isaac M. O'Bannon

July 22, 2015 

By utilizing technology for proactive engagement throughout the year, and especially early on the tax season, CPAs can improve client preparation and retention and minimize that last minute scramble in April.

Isaac M. O'Bannon