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Inside Views

  • Art of Accounting: Opportunities for You

    March 2, 2015

    I have been fortunate to have opportunities that helped me grow and have a great fun-filled career.

  • Why Tax and Accounting Professionals Should Take a Walk in the Cloud

    February 27, 2015

    The introduction of cloud computing technology has rapidly shifted worldwide consumer behavior and expectations.

  • Determining the Loss of Asset Value from Functional Obsolescence

    February 26, 2015

    The determination of fair value of machinery and equipment assets for financial reporting purposes should include the consideration of three forms of depreciation: physical, economic and functional.

  • The Ironman Tax Season

    February 25, 2015

    As we sit through another tax season, we have the opportunity to enjoy it or suffer through it. We can believe that we will fail, or we can choose to succeed and believe that “anything is possible.”

  • 4 Myths about FASB's Current Expected Credit Loss Model

    February 24, 2015

    The post credit crisis regulatory focus on forward-looking techniques and loan behavior models has been burdensome for some banks.

  • Art of Accounting: Becoming a 'Media Star'

    February 23, 2015

    After I began writing regularly for financial and business publications like Boardroom Reports and my firm’s own newsletter, that opened many doors, but the opportunities needed to be actively pursued.

  • The Continuing Tax Theory Debate Concerning Fairness

    February 20, 2015

    When was the last time you saw an auditorium, full of experts, get truly excited about tax theory?

  • When a House Is a Tax Home

    February 19, 2015

    It takes a heap o’ living just to make a house a home, as the old poem teaches. In Joel Evans’ case, he did enough living in two houses in Louisiana to make the U.S. his tax home.

  • Leveraging the Pain of Tax Season

    February 18, 2015

    Ah, the emotions of tax season: the rising sense of intensity and excitement followed by the descent into exhaustion.

  • Art of Accounting: Relationship with Martin Edelston

    February 17, 2015

    Last week I wrote about publishing a firm newsletter and the opportunities it opened for me. However, I really became a published author when I met Martin Edelston, the founder of Boardroom Reports and Bottom Line/Personal.

  • New IRS Procedure for Repair Regulations Reduces Burden (for Some)

    February 17, 2015

    Last Friday, the IRS released Revenue Procedure 2015-20, which lessens the requirements for certain companies to file a Form 3115 while adopting the new repair regulations.

  • Strategizing a Successful Life Cycle for Your Firm

    February 13, 2015

    Every firm has markets in which they focus with products and services. These entities (a firm, its markets, products and services) all begin in an Emerging quadrant, and then as they become a more stabilized entity, they move into a Growth quadrant, and over a period of growth they then move to the Maturing quadrant, and finally they move to the Aging quadrant, where they pass away.

  • Top Tax and Accounting Mistakes

    February 12, 2015

    Although many corporate tax and accounting departments are preparing for the March deadline, mistakes related to tax and accounting cost U.S. businesses billions each year.

  • Corporate Tax Trends in 2015

    February 11, 2015

    In 2015, a number of trends will shape how businesses prepare and file their taxes, as well as receive refunds. Many of these trends are driven by one major force— automation.

  • Why the Industry Is Addressing the IRS Repair Regulations Backwards

    February 10, 2015

    The repair regulations for many practitioners will represent one of the most difficult parts of the tax season.

  • Art of Accounting: How I Became a Published Author

    February 9, 2015

    I reached a stage in my career when I thought it was important to write articles. I wrote quite a few and sent them to editors, only to have them rejected. The nice ones wrote back a rejection. The not so nice never bothered to respond at all.

  • It’s W2 Season – Are You Ready?

    February 6, 2015

    Picture this scene in households across the country: the daily fat stack of mail arrives. Among the magazine subscriptions and car insurance junk mail is an odd-sized, but strangely familiar envelope. The W2 has landed—the annual scorecard of the year that was.

  • ACA Liabilities Could Mount for Many Taxpayers and Preparers

    February 5, 2015

    The Affordable Care Act requires that in 2014 all Americans must have qualified health insurance or face a Shared Responsibility Payment.

  • Tax Help for Home Help

    February 4, 2015

    Families with domestic employees struggle with all the state and federal tax obligations and often make inadvertent mistakes that can become very expensive and frustrating.

  • Strategy is Not a Game...It’s War!

    February 3, 2015

    In our work with both small and large firms it always occurs to our team that most executives, and even CEOs and managing partners, do not understand or want to admit the significance of beating your competition, but that is what strategy is all about.

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