Entries by Cheryl

Underfunded IRS Swamped with Problems | CPA Trendlines

Not a good way to start Tax Season 2018. An angry and frustrated National Taxpayer Advocate Nina E. Olson has slammed Congress hard in the Taxpayer Advocate Service 2017 Annual Report to Congress. After a series of IRS budget cuts over the last several years, Olson says she sees the daily consequences of reduced funding […]

8 Ways to Delight Tax Season Clients | CPA Trendline

TUESDAY | FEBRUARY 6 BUSY SEASON MANAGEMENT Do you make them feel important? By Ed Mendlowitz Tax Season Opportunity Guide Clients are our customers. They pay our salary and enable us to make good livings. Do what you can to accommodate them and make them feel important – as important as they believe they are. […]

A Tough Tax Act to Follow – A Piecemeal Approach to Reform that Will Need Its Own Reform / CPA Journal

By  David Lifson, CPA January 2018   In order to meet legislative rules that would have required some bipartisan support, the Republicans have passed historic and comprehensive tax reform legislation that is already in need of comprehensive reform. This version of the Internal Revenue Code (IRC) will almost certainly not last long; it is designed to […]

A Tax Reform Law for Our New Normal

A Tax Reform Law for Our New Normal Publisher’s Column By  Joanne S. Barry, CAE January 2018 In The CPA Journal‘s December 1986 issue, authors Stanley Rier and Leonard Goodman summed up their analysis of how that year’s major tax reform bill would affect individuals this way: “It appears that under the banner of tax simplification, Congress […]

SEC Charges Former KPMG and PCAOB Officials with ‘Stealing’ Inspection Exam | Accounting Today

By Michael Cohn Published January 22 2018, 12:29pm EST The Securities and Exchange Commission charged six CPAs Monday who were former senior officials at KPMG and ex-staffers at the Public Company Accounting Oversight Board with participating in a scheme to misappropriate and misuse information on the PCAOB’s planned inspection of the Big Four firm. The […]