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A Dozen Ways to Add New Revenue with Tax Prep Follow-Ups | CPA Trendlines

WEDNESDAY | JANUARY 31, 2018 Plus 4 “how much?” questions to ponder. By Ed Mendlowitz How to Build a Stronger Tax Practice As you see each tax prep client you should keep a list of additional services you can offer them. Also, continue this list when you review each return. MORE ON MARKETING TAX SERVICES: How […]

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 […]

How a Tax Bill Becomes a Law, 1986 vs. 2017 | The CPA Journal

An Historical Perspective on the Passage of TRA ’86 By  Walter Primoff, CPA/PFS, CGMA January 2018 Editor’s Note: The Tax Cuts and Jobs Act, the most significant overhaul of the federal tax system since the Tax Reform Act of 1986 (TRA ’86), recently passed Congress and was signed into law by the President. This occasion presents […]

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 […]

Art of Accounting: Free Power Bites Book | Accounting Today

By Edward Mendlowitz Published January 08 2018, 1:09 pm EST Back in 2010, I wrote a book called “Power Bites,” containing some concise management, leadership and lifestyle advice I give to my clients. I was recently asked to update the book, but after rereading it, I still like it the way it is. Here are […]

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 […]

Tax Reform Bill Has Some Hidden Gotchas

By Michael Cohn Published December 20 2017, 4:56pm EST The tax reform legislation that Congress approved Wednesday has a number of complexities that could prove problematic for tax professionals and their clients. “In the international tax arena, the 100 percent exemption for foreign source portion of dividends received from a 10 percent owned foreign corporations […]

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 […]