Today's CPA Letter Daily
Foresight is 2020 — Make it your best tax season yet.
Jan 27, 2020
Around this time last year, as we glanced in our rearview mirror, tax season was approaching quickly. As the days and weeks went by, it was clear that “objects are closer than they appear!” Along with the normal tax season preparations, many more challenges were afoot. A government shutdown was...
Our proposal to evolve CPA licensure
Jan 24, 2020
It’s that time of year when everyone reflects on the past and looks forward to a positive future with personal and professional planning, and new and fresh ideas. You may have some New Year’s resolutions you’d like to accomplish. I have two: From a personal perspective, I’ll look at my...
Americans start 2020s with financial satisfaction at a record high
Jan 23, 2020
Americans’ financial well-being roared into the 2020s. For the seventh time in the last two and a half years, the average American’s financial satisfaction hit an all-time high, according to the AICPA’s quarterly Personal Financial Satisfaction index (PFSi). With all these positive records, you may wonder what it means for...
A new technology solution for data-driven audits
Jan 13, 2020
If you’re an auditor, you should be excited about the many opportunities that the digital era creates for your profession. Sue Coffey, CPA, CGMA, Executive Vice President, Association of International Certified Professional Accountants — Public Practice, and Erik Asgeirsson, President and CEO, CPA.com, share how the profession is reimagining the...
Life transitions trigger an opportunity for deeper client service
Jan 9, 2020
It’s no secret that a phone call can change a life’s trajectory. Two decades ago, I received a call that not only had a deep impact on my family, but also sent me down a career path to help my clients navigate critical life transitions — unexpected and otherwise. Unexpected...
AICPA announces 2020 CPA Exam score release dates
Jan 6, 2020
CPA Exam (Exam) score release timetables for the first and second testing windows of 2020 are available. The National Association of State Boards of Accountancy (NASBA) will release scores to candidates and boards of accountancy based upon the target score release dates in the table below. It is important to...
IRS crypto guidance every tax practitioner should know
Dec 23, 2019
The IRS is getting serious about cryptocurrency. This fall, it released three documents that all tax practitioners need to pay attention to ahead of the 2019 filing season: a retroactive revenue ruling, FAQs for reporting cryptocurrency ownership and Form 1040 that asks taxpayers about their financial interest in virtual currency....
12 free tax resources to get your firm ready for 2020
Dec 20, 2019
The new year will be here before you know it. To get a head start on tax season, check out these free resources to get your firm in top shape for 2020. Stock your arsenal of forms, templates and charts: Year-end planning letter for individuals — It’s the season. Tell...
Reimagining the profession for a vibrant future
Dec 19, 2019
Barry Melancon, CPA, CGMA, President and CEO of the American Institute of CPAs (AICPA) and CEO of the Association of International Certified Professional Accountants (the Association), reflects on the successes of 2019 and the opportunities ahead. This year, you’ve talked with members about how we need to reimagine the profession....
Derivatives are back, but are the risks?
Dec 18, 2019
Mortgage-backed securities, credit-default swaps and derivatives were not much more than financial industry jargon until the recession of 2007. When the world economy nearly collapsed—due in part to mismanagement of and poor investment in complex financial instruments—those terms entered the mainstream. The 2019 survey of business executives reveals that 59%...
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