AT Think

Budget plans should be treated as living documents that provide guidance and direction, and are updated and adjusted as actual results unfold. How do finance teams get there?

Mark your calendars! The effective date for the FASB and IASB’s new revenue recognition accounting standards (ASC 606 and IFRS 15) is approaching.

The two tax plans right now; bad bets; the future of audit; and other highlights from our favorite tax bloggers.

With the latest tax deadline behind them and the individual tax season ahead, accountants this time of year often realize that they are on a treadmill of never-ending deadlines with only brief periods of relief.

Last week I conducted a breakfast meeting of the Withum Partners’ Network and I was asked a question that was not answered, so I’ll answer it in this column.

Each generation joins the workforce gradually as members come of working age and ultimately fades out of the workforce as members reach retirement age, but there is a time in the middle when each generation becomes the largest group in the workforce. For millennials, that time is now.

The differing House and Senate plans leave the fate of the effort uncertain – and provide no clarity for practitioners.

Hurricanes Harvey, Irma and Maria, and the recent wildfires in California have affected millions of people and led to an outpouring of charitable gifts and donations, including contributions from businesses with employees in the path of the disasters.

Time to exhale, sit back and think ahead to what you want 2018 to look like at your accounting firm.

Unchanged step-up; arguing PAL; this side of Paradise; and other highlights from our favorite tax bloggers.