HEADLINER Q&A
Seeking Clarity
Robert Pozen, chairman of the SEC’s new Advisory Committee on Improvements to Financial Reporting, answers the JofA’s questions about eliminating unnecessary complexity and making reports more useful.
For all CPAs

TAX SOFTWARE
Users Grade Tax Software
by Stanley Zarowin
In this, the fourth annual JofA tax software survey, more than 6,000 AICPA members assessed the products they used this year and reported what they plan to buy for next year.
For CPAs who prepare taxes

PRACTICE MANAGEMENT
Untying the Knot: Planning for a De-Merger
by Joel Sinkin and Terrence Putney
Most firms invest considerable time to make a merger work. When it doesn’t, it is very rarely a friendly situation. Defining a de-merger in advance can save a lot of trouble when things turn sour.

For CPAs firm owners and partners

ARTICLES

NONPROFITS
NPO Compensation in the Spotlight
by Gwen Spencer
What constitutes fair compensation? The quest for transparency is a continual focus of the government and the public. Consider these best practice suggestions for disclosure of compensation, expense reporting and related-party transactions in the tax-exempt sector.

For CPAs who work with not-for-profit organizations

FINANCIAL REPORTING / TAX
Accounting for Uncertainty
by Damon M. Fleming and Gerald E. Whittenburg
The detailed accounting for uncertainty in tax positions required by FASB Interpretation no. 48, Accounting for Uncertainty in Income Taxes, along with recent statutory changes to preparer reporting standards, change the working relationships of clients, tax preparers and auditors.
For CPAs who prepare income tax returns or advise companies on
accounting for taxes