Jul 04

Advocacy update: Testifying on the ERISA audit process

Advocacy update: Testifying on the ERISA audit process An AICPA committee leader testified last week at the public hearing by the Department of Labor’s ERISA Advisory Council, “Beyond Plan Audit Compliance: Improving the Financial Statement Audit Process.” The AICPA responded to the council’s request for recommendations on “actions the Secretary of Labor may take with […]

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Jul 03

Do you have what it takes to start your own firm?

Do you have what it takes to start your own firm? Editor’s note: This article is the first in a series about starting or buying a firm. Many CPAs dream of starting their own public accounting firm, their name displayed proudly outside a welcoming office. They envision being their own boss, choosing their clients, and […]

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Jul 03

Succeeding at sponsorship

Succeeding at sponsorship Kassi Rushing, director of people growth and engagement at HORNE LLP, speaks fondly of her firm’s launch of a sponsorship program aimed at ensuring a strong and diverse pool of talent in its leadership pipeline. “It’s one of the best decisions we’ve ever made,” she said. A formal sponsorship program can help […]

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Jul 03

Why patience is important with AI

Why patience is important with AI At a time when technology is fueling change at ever–increasing speeds, you might be surprised to hear someone calling for patience. Yet, that call was indeed heard during the latest JofA accounting technology roundtable. CPAs need to consider long–term goals when assessing the implementation and initial performance of technologies […]

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Jul 03

How to quickly replace ‘misspelled’ words in Excel

How to quickly replace ‘misspelled’ words in Excel Q. I receive a weekly sales report from our European affiliate that has between 1,260 and 2,100 city names spelled using a native spelling that does not match what we use here in our offices (42 city names “misspelled” 30 to 50 times each). To correct these […]

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Jul 03

A quick tip for breaking links in Excel

A quick tip for breaking links in Excel (Editor’s note: This tip comes from JofA reader Rick Stone, CPA, controller at The Walt Disney Family Museum in San Francisco. Thank you, Rick, for bringing this tip to our attention.) Let’s say you have a workbook that contains numerous data links and formulas, but when you […]

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Jul 03

Ask the expert: Cybersecurity

Ask the expert: Cybersecurity Accounting professionals know that data security is a more urgent concern than ever. CPAs possess clients’ most sensitive personal and financial details, so it’s no surprise they’ve become prime hacking targets. Dustin Hall, a cybersecurity expert and director of CPACharge, recommends the following security tips to CPAs. Q. Cybersecurity is an […]

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Jul 03

Syncing settings and data on multiple Windows 10 PCs

Syncing settings and data on multiple Windows 10 PCs Q. I have three Windows 10 computers, one at the office, one at home, and a traveling laptop. Is it possible to sync all these computers together so I don’t have to constantly edit settings or transfer data files back and forth? A. Windows 10 allows […]

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Jul 02

Final rules permit truncated TINs on W-2s

Final rules permit truncated TINs on W-2s In its continuing effort to reduce identity theft, the IRS issued final regulations that permit employers to use truncated taxpayer identification numbers (TTINs) on Forms W-2, Wage and Tax Statement, issued to employees (T.D. 9861). The regulations finalize proposed rules issued in September 2017 with no substantive changes […]

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Jul 02

W-2 wages and Sec. 199A

W-2 wages and Sec. 199A Under new Sec. 199A, taxpayers other than C corporations can deduct up to 20% of their qualified business income (QBI) from taxable income. The deduction benefits many taxpayers, but its calculation is complex. This column provides visual and mathematical aid for the calculation and suggests strategies that may help maximize […]

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