The ability to explain accounting clearly is the power that will make accountants superheroes.
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Upcoming Events
Daily Briefing
January 16, 2020
Upcoming Events January 16, 2020
Daily Briefing
FASB is the villain!
By Peter Margaritis      5 min read
The ability to explain accounting clearly is the power that will make accountants superheroes.
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Audit fees keep rising, thanks to new accounting standards
By Michael Cohn      3 min read
Average audit fees increased 4.25 percent from 2017 to 2018, according to a new report.
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Putting the 'C' in CRM
By Ted Needleman      4 min read
Customer relationship management is an essential part of an accounting firm’s business, but it often gets overlooked in favor of the good accounting work the firm does for their client.
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Whistleblower protections for accountants and tax professionals bolstered by new law
By Jason Zuckerman and Matthew Stock, Matthew Stock      4 min read
The Taxpayer First Act protects a broad range of disclosures about potential violations of IRS rules or tax fraud.
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SPONSOR CONTENT
Easily E-File and Deliver 1099 Forms at efile4Biz.com
Don’t miss the January 31st deadline to file 1099-MISC forms (with Box 7 data) to the IRS.
Visit efile4biz.com today!
It's time to help clients eliminate 'minimum credit card' policies
By Gene Marks      4 min read
With a little bit of data analysis, accountants can help small businesses develop more profitable approaches.
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Illinois CPA Society honors 2020 'Mary T. Washington' program grads
By Sean McCabe      2 min read
Twenty-six diverse college students are the most recent class to graduate from the three-day internship preparation course.
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Moody’s predicts CECL will have limited impact on big banks
By Michael Cohn      1 min read
The new credit losses accounting standard is not expected to have a major impact on the loan loss reserves of most large publicly listed U.S. banks, according to Moody’s Investors Service.
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Tax season kick-off
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Trump tax fight with House put on hold for McGahn ruling
By Andrew Harris and Laura Davison      3 min read
House Democrats’ lawsuit seeking President Donald Trump’s federal tax returns was put on hold as a judge said he’s waiting for a higher court’s ruling in a separate case on whether Congress can make ex-White House counsel Don McGahn testify.
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Trump’s SALT cap fuels a wealth exodus from high-tax states
By Martin Z. Braun      3 min read
Some of the hardest evidence yet indicates that the 2017 Republican tax law is pushing money and people from high-tax U.S. states like New York and New Jersey and into low-tax states including Florida.
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RESOURCES
Technology and the audit →
WEB SEMINAR
Lease accounting compliance: Are you ready? Practical steps for transitioning to GASB 87 →
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