Entries by Cheryl

The Painful Truth about the Alternative Minimum Tax

AUGUST 23, 2016 BY DIANA SPATOULAS Most people have never heard of the alternative minimum tax, and those that have probably would love to forget about it and wish that it would just go away.For 2015, the Tax Policy Center projects the AMT will impact 4.1 million taxpayers and generate $28.2 billion—so it is safe […]

Boomer Consulting Maps Profession’s Future to 2020 and Beyond

KANSAS CITY, MO. (AUGUST 16, 2016) BY DANIEL HOOD The next five years will bring tremendous change to the accounting profession, according to the experts at Boomer Consulting — and the next 15 will leave it almost unrecognizable. As part of a wide-ranging panel discussion at the 2016 Boomer Technology Circles Summit, held here this […]

Accounting Today: AICPA announces free, four-part web series on promoting diversity and inclusion in the workplace

BY SEAN MCCABE AUGUST 17, 2016 The AICPA announced on Wednesday that they will be offering a free, four-part webcast series on creating a more inclusive workplace in the accounting profession. Dubbed “The Workplace Inclusion” series, the webcast is a continuation of an earlier series on unconscious bias. The series is open to both AICPA members and the public. The first […]

IRS Warns Tax Pros about New Phishing Scheme

WASHINGTON, D.C. (AUGUST 11, 2016) BY MICHAEL COHN The Internal Revenue Service is sounding the alarm about a new scheme in which scammers send emails purporting to come from tax software companies, instead fooling tax preparers into clicking on a link that will load malware on their computers. The email urges recipients to click on […]

5 Phrases Established Leaders Should Never Say Again – Journal of Accountancy

Try these alternative approaches to better communicate with your best young talent. By Jennifer Wilson August 1, 2016 Today’s up-and-coming leaders have many career options, and their phones, emails, and LinkedIn accounts are being “hit up” every day by recruiters and others who are interested in potentially employing them. That’s why established leaders committed to […]

Accounting Today: Treasury Proposes to End Strategy for Estate and Gift Taxes

WASHINGTON, D.C. (AUGUST 3, 2016) BY MICHAEL COHN The Treasury Department and the Internal Revenue Service have issued proposed regulations that would eliminate a tax-planning strategy for minimizing estate and gift taxes. The proposed regulations concern the valuation of interests in corporations and partnerships for estate, gift, and generation-skipping transfer tax purposes. They involve the […]

117 No-Brainer Ways to Attract New Clients

FREE: 117 No-Brainer Ways to Attract New Clients After seeing this, 9 in 10 accountants put at least one of these strategies to work in their practice. FREE INSTANT DOWNLOAD: 117 No-Brainer Ways to Attract New Clients (PDF, 28 pages) by Rick Telberg I call these “no-brainers” because, although they require some thought and effort, […]

Accounting Today: Is This the ‘End of Accounting’? Maybe So

The standard GAAP accounting measures are less and less useful to investors, according to a new book with the provocative title, “The End of Accounting.” by Michael Cohn The book, by New York University accounting and finance professor Baruch Lev and SUNY Buffalo accounting professor Feng Gu, is entertainingly written and makes some powerful arguments, backed […]