Tennessee’s LBMC is well on its way to solving this conundrum
 
 
Accounting Today
 
 
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Jul 27, 2016
 
 
 
Top Stories
 
Practice Profile: The Millennial Riddle
by DANIEL HOOD
 
Tennessee’s LBMC is well on its way to solving this conundrum
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Generational Viewpoints
 
This edition of Generational Viewpoints features two individuals from HoganTaylor on how public accounting firms need to change to attract and retain young talent
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Molding the Future of the Profession
by SEAN MCCABE
 
Mentoring young staff should be a crucial part of the recruiting and retention tool kit of more accounting firms
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Recruiting and Retaining Talent
 
Employees see wealth management as a valuable addition to a tax or accounting practice if it’s offered the right way. Watch this video to learn what employees are looking for.
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IRS Spent $10.71 Million on Guns and Ammo
by MICHAEL COHN
 
The Internal Revenue Service spent $10.71 million on guns, ammunition and other military-style equipment from fiscal year 2006 to FY 2014, according to a new report.
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IMA Reaches 50,000 Mark for CMA Credential Holders
by MICHAEL COHN
 
The Institute of Management Accountants said Monday that it has reached a milestone of 50,000 holders of its Certified Management Accountant credential.
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The Spirit of Accounting
by PAUL B.W. MILLER AND PAUL R. BAHNSON
 
The AICPA merger ballot outcome: Everybody loses
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IIA announces Global Board of Directors for 2016-2017
by SEAN MCCABE
 
The Institute of Internal Auditors (IIA) announced on Monday the election of Angela Witzany as chairman of the organization’s 2016-2017 Global Board of Directors. The election of Witzany, as well as the rest of the Global Board, was held at the IIA’s annual business meeting following the organization’s 75th International Conference in New York City.
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FASB Proposes to Beef Up Disclosures on Business Income Taxes
by MICHAEL COHN
 
The Financial Accounting Standards Board has proposed a new accounting standards update that would require public and private companies to change the way they report income taxes on their financial statements.
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AffordableSchools.net ranks the 25 most affordable online master's of accounting degrees for 2016
by SEAN MCCABE
 
AffordableSchools.net, an online resource focusing on affordable higher education institutes and academic programs, recently announced their ranking of the 25 Most Affordable Online Masters of Accounting Degrees. American Public University System (Charles Town, W. Va.) was placed first, with the University of Massachusetts-Lowell (Lowell, Mass...
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How Technology is Transforming Audit
 
How Technology is Transforming Audit
by FELICE PERSICO
 
Innovation means the future for auditing is about more than just the numbers.
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New York State Warns Tax Preparers to Beware of Cybercriminals
by MICHAEL COHN
 
The New York State Department of Taxation and Finance is warning tax preparers about the potential security risks they face from cybercriminals who are trying to access the data of their tax clients.
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Morgan Stanley Appoints PwC Veteran Nally to Bank's Board
by HUGH SON
 
Morgan Stanley added Dennis M. Nally, a four-decade veteran of PricewaterhouseCoopers, to its board after long-serving director Laura D. Tyson stepped down in May.
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In Defense of Shell Companies
 
In Defense of Shell Companies
by STEVEN NACLERIO AND GEORGE L. METCALFE, JR.
 
With the unauthorized publication of the “Panama Papers,” many clients and even some professionals question why companies with no active trade or business even exist.
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SEC Deputy Chief Accountant Croteau Departing
by MICHAEL COHN
 
Brian Croteau, deputy chief accountant at the Securities and Exchange Commission’s Office of the Chief Accountant, plans to step down.
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Metal In the Cloud: Tech Companies Need to Watch Out for New Leasing Standard
by MICHAEL COHN
 
The new lease accounting standard will have an impact beyond the usual suspects of airlines and retailers, with even cloud computing providers taking a hit, thanks to their leases of computer servers.
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Slideshows
 
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Summer Tax Tips for Your Clients and Their Children
 
Summer is well underway, and now is a great time to help your clients and their dependents with the tax tips in this slideshow written by Michael Sonnenblick of Thomson Reuters Checkpoint.
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Tax Savings from a Home Office
 
Tips on how to make working at home pay, from the Illinois CPA Society
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White Papers
 
Three Steps to Growing Your Bottom Line - Without Hiring More Staff
 
In the past, advances in technology have primarily helped accountants perform client engagements faster and easier.
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10 Questions You Must Ask Before You Sign
 
It doesn