Technology

tax reform1  5540d16fc2aaa

January 10, 2017 

Nation Needs Tax Reform and IRS Reform, Says Taxpayer Advocate

In assessing the compliance burdens of the current tax code, the Taxpayer Advocate Service (TAS) analyzed IRS data and determined that individuals and businesses spend about six billion hours a year complying with the code’s filing requirements ...

 New Accounting Credential for Entity and Intangible Valuations

January 10, 2017 

New Accounting Credential for Entity and Intangible Valuations

The AICPA, the American Society of Appraisers (ASA) and RICS (Royal Institution of Chartered Surveyors) are offering a new credential that will enhance the quality, consistency and transparency of fair value measurement results in financial reporting.

Content-Audit1

January 9, 2017 

Report Helps Auditors Avoid Common Practice Pitfalls

This report comes on the heels of the release of the latest AICPA peer review findings, which were identified during peer reviews of firms that perform audit and attest engagements. The focus of peer reviews is to assess and improve audit quality and ...

electronic payments 1  55c4ba9a115cc

January 9, 2017 

Major Changes Coming for Payment Methods in 2017

Traditional ACH payments are conducted over a wire transfer and take anywhere between one and two working days to clear – a manual, costly and time consuming process unpractical for smaller payments. In 2016 NACHA launched the first phase of Same Day ...

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January 8, 2017 

Risk Management Top Concern for Audit Committees

Overall, audit committees are largely satisfied that their agendas are properly focused on legal and regulatory compliance issues, maintaining internal controls over financial reporting, and key assumptions underlying critical accounting estimates.

 In Firm: 2017 IT Predictions and 2016 Results

December 29, 2016 

In Firm: 2017 IT Predictions and 2016 Results

With another year end (and tax season) rapidly approaching, it’s time to once again dust off the magic crystal ball and cobble together our 2017 CPA Firm Technology and Production predictions. This listing will hopefully provide you with fresh insight ...

Roman Kepczyk

vacationdays 1  5661de2243a6c

December 26, 2016 

Trend to Watch in 2017: Paid Leave is Picking Up Steam

Benefits are a huge lure in attracting and retaining top talent, especially in light of the changing composition of the U.S. workforce. Today, we have a growing number of women in the workforce and dual-earner families, which means married couples ...