Today's CPA Letter Daily
3 reasons why all entrepreneurs should hire a CPA
Jan 18, 2019
I’ll go ahead and say it – every entrepreneur should hire a CPA. And no, I’m not just saying this because I work for the AICPA. As host of The Small Biz Brunch podcast, I’ve had the pleasure of chatting with many successful business owners – and the majority say...
Evolving tech could mean evolving the CPA license
Jan 16, 2019
Throughout 2018, you heard a lot about the changing accounting profession. The biggest driver behind all this change? Technology—what it can do for us (or to us), how to use it and the opportunities and challenges it presents. We’re using emerging technologies to deliver our core services more effectively and...
Tax technology: Outpacing the pace of change
Jan 15, 2019
The world is changing, but you already know that. As CPAs, we understand the quickening pace of technological, legislative and demographic changes because we see them influencing each step of our professional lives. To be our best, we must out-maneuver and outsmart the changes that lie ahead before they ever...
Plan your testing schedule with 2019 CPA Exam score release dates
Jan 14, 2019
The 2019 score release dates are posted and a valuable resource for candidates planning their testing schedule for coming months. There are four score release dates for each testing window. For complete information regarding scoring, please visit the Exam Scoring and FAQ pages. The National Association of State Boards of...
Don't look away! Blockchain isn't so bad..
Jan 10, 2019
I have a confession to make. Even though I get into just about anything techie, every time I see the word “blockchain,” my eyes and brain tend to glaze over. I suspect many others have the same reaction. Yet, we really can’t ignore it. According to Microsoft, blockchain will change...
No more hitting the snooze button on revenue recognition
Jan 8, 2019
We realize you’re busy, but that doesn’t mean you can keep hitting the snooze button on the Financial Accounting Standards Board’s (FASB) accounting standards that will soon come into effect for everyone. The accounting standard that needs your attention right now is the new revenue recognition model, issued as FASB...
The government has shut down, but tax season doesn’t stop
Jan 7, 2019
On January, 15, the IRS released an updated Contingency Plan recalling 57.4% of its employees to work during the filing season shutdown. Per the new plan, excepted employees now include those whose activities are necessary for the payment of tax refunds. These activities include: Processing electronic returns through issuance of...
5 retirement planning tips for tax clients
Jan 4, 2019
Successful retirement planning is all about strategy. Analyzing sources of income, estimating expenses, choosing investments and managing assets are vital to safeguarding long-term financial comfort later in life. However, one aspect of retirement planning is sometimes overlooked — tax planning. As a CPA, you’re already helping your tax clients with...
How some taxpayers are getting grounded
Jan 2, 2019
Jane has a problem. She has tickets to fly to Europe next week, but her back taxes may be standing in her way. Jane owes more than $75,000 in taxes, fees and interest to the IRS. She was aware of this substantial debt but had no idea that she could...
How to avoid gift card fraud this holiday season
Dec 21, 2018
Everyone has a friend or relative that is difficult to purchase a gift for. I’m sure you’re thinking of one after reading that sentence! That’s why gift cards are so popular –the person gets to pick out something they know they’ll like. It’s really a win-win situation. However, in recent...
Anthony Pugliese and Lawson Carmichael, chairs of the AICPA’s Future of Learning Task Force, explore the state of education for CPAs, argue the case for change and encourage key leaders to provide input on this topic critical to the future of the profession.More on AICPA TV