Mar 25, 2024
When most people hear the word “feedback” they commonly think of something a manager or supervisor provides. But feedback can encompass more than top-down managerial observation. Peer feedback allows colleagues, who are commonly a group of equals, to provide each other with input to enhance collaboration and improve a project, process, or skill.
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Mar 19, 2024
On Dec. 5, 2023, the U.S. Supreme Court heard oral arguments in Moore v. United States. At the heart of the case is Internal Revenue Code Section 965, a repatriation tax enacted in 2017 as part of the Tax Cuts and Jobs Act. Tax scholars have been writing extensively on the far-reaching federal tax implications of the potential decision to come.
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Mar 18, 2024
CPAs are not just financial experts; they are guardians of trust. In today's rapidly evolving financial landscape, it is crucial for CPAs to not only master their craft but also to embody the essential values that guide their personal conduct, shape the culture of their firms, and elevate the standards of the CPA profession.
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Mar 11, 2024
Single audits are required when a governmental or nonprofit entity expends more than $750,000 of federally allocated funds in their fiscal year. In recent years, the number of single audits has increased significantly. This blog looks at four areas of focus to conduct an effective single audit.
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Sep 19, 2023
Bank implosions may not be predictable, but there are usually warning signs that can help regulators and investors plan for stress situations. Held-to-maturity accounting only serves to delay the recognition of stressed realities because of the inability to discern the real economics and financial health of a company.
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Dec 11, 2023
Many practitioners believe that they can simply accept the validity and appropriateness of a tax client's Employee Retention Credit (ERC) claim prepared by another provider. You may want to reconsider that thought.
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Oct 16, 2023
The AICPA's new Statements on Standards for Tax Services (SSTS) will become effective Jan. 1, 2024. The prior version of the SSTS had seven standards; the revision going into effect boils those seven standards down to four. It is a significant component of the ethics guiding CPA practitioners of taxation.
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Mar 25, 2024
When most people hear the word “feedback” they commonly think of something a manager or supervisor provides. But feedback can encompass more than top-down managerial observation. Peer feedback allows colleagues, who are commonly a group of equals, to provide each other with input to enhance collaboration and improve a project, process, or skill.
Full story
Mar 18, 2024
CPAs are not just financial experts; they are guardians of trust. In today's rapidly evolving financial landscape, it is crucial for CPAs to not only master their craft but also to embody the essential values that guide their personal conduct, shape the culture of their firms, and elevate the standards of the CPA profession.
Full story
Mar 25, 2024
When most people hear the word “feedback” they commonly think of something a manager or supervisor provides. But feedback can encompass more than top-down managerial observation. Peer feedback allows colleagues, who are commonly a group of equals, to provide each other with input to enhance collaboration and improve a project, process, or skill.
Full story
Mar 12, 2024
Technology, for all its fantastic potential, cannot replace the basic need for humans to connect on an emotional level. Understanding this will lead you to understanding that business development and true networking – the things that build real trust – are all about relationships.
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Feb 27, 2024
Most get-on-the-AI-train articles don’t share with readers how to actually incorporate these tools, rarely going beyond broad and generic claims of how AI will improve efficiency, problem-solving, and decision-making. Well, in this blog, the author shares how he actually has been using ChatGPT in his public accounting practice.
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Dec 19, 2023
Most states with a sales tax impose it on some forms of digital products or software. But within the past decade, some states have enacted statutes that not only redefine software as tangible personal property, but also broaden their definition of taxable tangible personal property or taxable services. This has left service providers and business consumers wondering whether or not they should subject their individual services to tax.
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Mar 19, 2024
On Dec. 5, 2023, the U.S. Supreme Court heard oral arguments in Moore v. United States. At the heart of the case is Internal Revenue Code Section 965, a repatriation tax enacted in 2017 as part of the Tax Cuts and Jobs Act. Tax scholars have been writing extensively on the far-reaching federal tax implications of the potential decision to come.
Full story
Feb 26, 2024
For decades, Pennsylvania has deviated from federal income tax laws by specifically prohibiting grantor trust tax status for irrevocable trusts. Act 64 of 2023 simplifies the rules for irrevocable trusts to mirror those in other jurisdictions.
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