Spring 2020 Edition

Features

Financial Planning Challenge: Longer Lives, Less Money

By Edward R. Jenkins Jr., CPA, CGMA
Examines the quandary of a potential boom in life expectancy but only enough savings to fund retirement based on obsolete projections.

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The Next Management Breakthrough: EPM, Non-GAAP Measures, and KPIs in a Digital World

By J.L. “John” Alarcon, CPA, DBA, CGMA
Cory Ng, CPA, DBA, CGMA
Brings clarity to the use of non-GAAP measures and key performance indicators to assess business performance.

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Leading Your Finance Team into the Future

By James J. Caruso, CPA, CGMA
Explores how to manage a finance team in an era when changes to the usual functions have become the norm, including increased roles in data mining and analytics and transformation leadership.

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CPA Conversations Podcast

An interview with the author. Listen In >

Columns

Accounting & Assurance

ASU 2016-15, 2016-18, and the Statement of Cash Flows

By Sheila A. Border, CPA

Reviews FASB’s ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments, ASU 2016-18, Restricted Cash, and the effect they will have on Dec. 31, 2019, financial statements.

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Federal Tax

The Taxpayer First Act and Innocent Spouse Claims
in the Tax Court

By Jed M. Silversmith, JD

Reviews the federal Taxpayer First Act, offering practice tips for CPAs asserting innocent spouse claims on the behalf of clients.

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State & Local Tax

The Rise of the State and Local Tax Specialist

By Matthew D. Melinson, CPA, Vito A. Cosmo Jr., CPA, CGMA, and Patrick K. Skeehan, JD

Examines the growing state and local tax subsection of the CPA profession, including the origins of its boom and the qualities that make up a strong “SALT” professional.

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Liability Lessons

How CPAs Should Respond to Subpoenas

By Mark Aubrey

Offers a refresher on how CPAs should react when they are hit with a subpoena, answering questions such as why he or she would receive a subpoena and whether a subpoena should be reported to the CPAs’ professional liability agent.

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Personal Financial Planning

The True Cost of Income-Driven Student Loan Repayment Plans

By Keith Donnelly, CPA (inactive), JD

Explores the pros and cons of income-driven student loan repayment plans, reminding those who may be interested that though a plan may offer a low initial monthly payment, it may include negatives such as a long repayment period and a large overall amount paid.

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Careers & Lifestyles

Lessons Shared: A CPA’s Letter to Her Younger Self

By Elizabeth A. Wilson, CPA

Authors a “letter to herself” to discuss important issues for rising professionals in the workplace, including being reliable to one’s employer and being kind to colleagues and others you come in contact with.

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