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Art of Accounting: Practice continuation agreement tool kit free download | Accounting Today

By Edward Mendlowitz Published January 01 2018, 3:38pm EST All of the accountants I know and interact with are nice caring people and I like them. However there is one area where I believe they are being shortsighted and neglectful—when they have not made arrangements for the continuation and sale of their practice should they […]

The Equifax Data Breach What CPAs and Firms Need to Know Now | The CPA Journal

By  Sidney Kess, JD, LLM, CPA and Walter Primoff, CPA/PFS, CGMA December 2017 In the wake of the Equifax computer breach—in which key personal information of 145 million Americans was stolen—it may be correct to assume that anyone with a credit history is affected. In the words of noted cybersecurity expert Brian Krebs, “Assume you’re compromised, and take […]

Alternative Dispute Resolution for Accounting and Related Services Disputes | CPA Journal

By Vincent J. Love and Thomas R. Mansero December 2017 Co-authored by ACA member Vincent J. Love, Alternative Dispute Resolution for Accounting and Related Services Disputes, appeared in the December 2017 issue of the CPA Journal. It addresses the pros and cons of using ADR and gives examples of how mediation and arbitration clauses can be […]

As businesses rush to exploit GOP tax cuts, government revenue may shrink more than expected

By DON LEE DEC 10, 2017 | 7:00 AM | WASHINGTON Senate Majority Leader Mitch McConnell (R-Ky.) listens to reporters’ questions about the GOP tax bill passed by the Senate. (Mark Wilson / Getty Images)  As soon as the last major tax overhaul was enacted in the fall of 1986, accountant Edward Mendlowitz remembers working around the clock to convert […]

Melancon: Accountants Must Commit To Change | Accounting Today

By Daniel Hood Published December 06 2017, 2:04pm EST The accounting profession will change beyond recognition over the next 10 years, according to American Institute of CPAs president and CEO Barry Melancon—except he really thinks it will come much more quickly than that. “I really mean five years, but people get scared when I say that,” […]

Mendlowitz Elected To Hall Of Fame

The National Association of Estate Planners & Councils (NAEPC) has named Edward Mendlowitz, a partner with WithumSmith+Brown (Withum) PC, as an entrant into the Estate Planning Hall of Fame Class of 2017 and recipient of the Accredited Estate Planner (Distinguished) Designation. The business valuation and accredited personal financial specialist, based in Withum’s East Brunswick office, was recently recognized […]

Essentials of Personal Financial Planning | The CPA Journal

By  Edward Mendlowitz, CPA/PFS, ABV December 2017 Many CPAs and most tax specialists perform personal financial planning (PFP) services; the AICPA estimates that more than 100,000 of its members perform some form of PFP for clients. The AICPA tried to unify and formalize PFP services with a credential—the Personal Finance Specialist (PFS)—but it doesn’t seem to […]

Art of Accounting: Easing tax season workload compression | Edward Mendlowitz, Accounting Today

By Edward Mendlowitz Published November 13 2017, 11:45am EST Last week I conducted a breakfast meeting of the Withum Partners’ Network and I was asked a question that was not answered, so I’ll answer it in this column. Before I start, this meeting used a format I had never employed before. It was a “show […]

Accounting firms wouldn’t get low tax rate under reform bill | Accounting Today

By Michael Cohn Published November 03 2017, 3:58pm EDT The tax reform bill introduced by House Republicans doesn’t give the low 25 percent income tax rate for pass-through businesses to accounting firms and other professional service firms, and the rules for getting around it are complicated. “The anti-abuse provisions for the reduction in the pass-through […]