Latest Articles

July 13, 2020 

As opposed to other recent presidential candidates who volunteered to disclose their returns, Trump has steadfastly refused to do so, claiming that the returns are under IRS audit and off-limits.

July 13, 2020 

As an outsourced CFO you can provide the professional competence necessary to ensure “the way we do it here” produces reliable financial statements for management and lenders, facilitates regulatory compliance and provides ...

Bill Slaughter

July 13, 2020  Sponsored

Helping clients understand their numbers is a continuous focus for accounting professionals, and while there are several dashboard tools readily available, most of these require additional downloads, setup, and a learning curve.

July 13, 2020 

The Legal Business Services practice will both incorporate and build on Deloitte’s existing legal department offerings that include legal management consulting and legal managed services designed to help streamline, automate, and ...

July 13, 2020 

SAS No. 143 is one piece of a larger project to enhance audit quality (see the AICPA’s Enhancing Audit Quality Initiative). It enables auditors to address today’s new accounting standards and to enhance the auditor’s focus ...

July 13, 2020 

The proposed regulations provide that the excess deductions retain the character they had at the trust or estate level when they are passed through to the beneficiary.

July 13, 2020 

A fervent advocate for diversity and inclusion, Amy Pitter, president and CEO of MSCPA, said business leaders have a responsibility to tackle racism in the workplace. “The Society denounces all forms of racism and remains committed to a mission that ...

July 13, 2020 

Having the best options for your clients when tax time comes around is part of being a professional CPA. All clients want to decrease tax burden and increase deductions to maximize after-tax income for the year. There are many options available to help in that pursuit, but some are more well-known than others. Charitable donations...…

July 10, 2020 

CAAS stands for Client Accounting and Advisory Services. It may be too late for the profession to choose to use this far better name. One of the regrets that I have from the last 35+ years of trying to help CPA firms ...

Randy Johnston

July 9, 2020 

July has always been my favorite month. When July begins, there’s still an endless sea of summer ahead, the days are long, the fireflies twinkle in the evening, and the air is warm.

Gail Perry

July 9, 2020 

AICPA News is a roundup of recent announcements from the association.

Isaac M. O'Bannon

July 9, 2020 

These final regulations provide guidance on both the computation of the deductions available and the determination of FDII.