February 26, 2015

Cloud Accounting Survey

Barry MacQuarrie of Cloud Accounting Connects and SocialCPAs is surveying accountants about their use of cloud technology.

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Posted by Michael Cohn at 06:11PM | Comments (0)

February 23, 2015

Neil Patrick Harris Points out PwC Chairman's Resemblance to Matt Damon

Oscars host Neil Patrick Harris made a star out of Brian Cullinan, chairman of PricewaterhouseCoopers’ U.S. board, during the Academy Awards on Sunday night.

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Posted by Michael Cohn at 06:09PM | Comments (1)

February 19, 2015

Autonomous Employees Make CFOs More Productive

Approximately one-third (32 percent) of CFOs in a recent survey believe they would be more productive if their employees had greater autonomy at work.

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Posted by Michael Cohn at 03:20PM | Comments (1)

February 18, 2015

'Survival Kit' Available for IRS Repair Regs

A CPA has released what he is calling a “survival kit” for the Internal Revenue Service’s recently revised repair regulations for tangible property.

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Posted by Michael Cohn at 05:58PM | Comments (9)

February 17, 2015

Rhode Island CPAs Look to Transform the Financial Statement

The Rhode Island Society of CPAs is trying to re-imagine the traditional financial statement.

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Posted by Michael Cohn at 02:30PM | Comments (0)

February 13, 2015

AICPA Asks IRS for More Guidance on Deferral of Advance Payments for Stock Buys

The American Institute of CPAs sent a comment letter Friday to the Internal Revenue Service about two interpretive issues.

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Posted by Michael Cohn at 05:20PM | Comments (0)

February 11, 2015

FASB and IASB Rev Rec Transition Group Makes Progress

The Financial Accounting Standards Board and the International Accounting Standards Board have been holding a series of meetings of their Joint Transition Resource Group as they prepare for implementation of their converged standard on revenue recognition.

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Posted by Michael Cohn at 05:19PM | Comments (4)

February 10, 2015

IRS Faces Budget and ID Theft Challenges for Tax Season

The Internal Revenue Service is facing not only a budget crunch this tax season, but also rampant identity theft.

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Posted by Michael Cohn at 05:30PM | Comments (5)


Protecting Confidential Client Files

Accountants need to make sure they are keeping their clients' files safe, especially during tax season when the threat of identity theft only seems to be getting more prevalent every year.

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Posted by Michael Cohn at 06:49AM | Comments (2)

February 6, 2015

Financial Execs Object to Proposed Changes in Accounting for Income Taxes

Financial Executives International has sent a letter to the Financial Accounting Standards Board taking issue with FASB’s recent proposed changes in the accounting standards for income taxes.

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Posted by Michael Cohn at 05:37PM | Comments (1)


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