Practicing CPA, The
- American Institute of Certified Public Accountants
- Publication date:
- First document:
- Vol. 28 Nbr. 4, May 2004
- Last document:
- Vol. 32 Nbr. 10, December 2008
- COPYRIGHT TV Trade Media, Inc.<br/>COPYRIGHT GALE, Cengage Learning. All rights reserved.
- Networking Opportunities for Aicpa Emerging Partner Training Forum Participants
- Next Pcps Practice Management Forum Topic: Sas 112
- Small Business Blog Launched
- Saying 'I Do' to Blogging
CEOs of companies from American Ventures to Whole Foods count themselves as bloggers. Bloggers have swayed political elections, consumer opinion, and the daily news. In a recent study, a majority of journalists said that blogs are especially useful in helping them understand the context of a story or finding a new angle on one. Even the US presidential candidates stopped by a political bloggers' conference, fishing for votes. The technical aspect of blogging may be a nobrainer, but content drives the success of a blog. Can you feed your blog with content that your clients really want to read? Finding relevant content takes time. Even if you have plenty to say, you still have to draft, edit, and publish, all of which are time consuming. Blogging does seem like a natural fit for consultan...
- Two Rainmaking Traps to Avoid
Professional services providers often fall into traps when selling their services. One trap is all-or-nothing thinking. Another is build it and they will come. Rainmaking requires many, many small advances to win big every once in a while. In many such cases, professionals rush to create and distribute a brochure or build a Web site and then wait for the business to come in. It usually doesn't. Remember that there are many steps to getting a client to hire you. One event is unlikely to generate business, and if it does, recognize that this outcome is unusual and perhaps lucky, rather than the norm. You need persistence to get new clients.
- Giving Employees Gifts May Require Giving to the Tax Collector Too
Although it is customary to think of gifts as having no tax consequences for the recipient, the Internal Revenue Code does not treat all gifts the same. Gifts that employers give to their employees are generally treated as supplemental wages and thus are subject to both payroll and income taxes. This means that the value of the gift must be included in the employee's W-2 at year end and included in a payroll period for purposes of income tax withholding and payroll taxes. In the context of an employment relationship, the courts have generally found that the employer's intention in giving a gift is to reward past performance or provide an incentive for future performance. As such, the disinterested generosity standard set forth in Duberstein is not met. Thus, generally a gift an employer...
- Managing Employees Who Are Also Family Caregivers
More than 50 million Americans today are family caregivers - the primary caregivers for sick, disabled, or elderly family members. Employers and managers should become aware of employees' individual situations and how they may affect job performance. The more employers and managers know about employees, the better able they will be to manage them through any challenge. However, employers and managers must be cautious not to overstep boundaries. Flexibility can help to relieve workplace stress, boost morale, and increase productivity. Employee benefits may include employee assistance programs, personal leaves of absence, and the Family Medical Leave Act. However, not all employees are aware of the types of programs offered by their company. With today's weakening economy and shrinking ta...
- Pcps Succession Resource Center Content Complete
- Pcps Human Capital Center: New Sections Launched
- Hot Topics Are the Focus at Pcps Practice Management Forums
- Performance Review Anxiety
Most managers do not want to do performance reviews because reviews can cause conflict. The employee may not agree, and the manager may not be well trained in reducing conflict. The second deep-rooted impediment to performance reviews is less obvious. Most employees in a firm - especially new...
- The Aicpa 2008 Top Technology Initiatives
According to the 19th Annual American Institute of Certified Public Accountants' Annual Top Technology Initiatives survey, information security management will be the most important initiative affecting IT strategy, investment, and implementation in business organizations over the next 12 to 18...
- Professional Ethics Issues: Comfort Letter Requests
Recently, AICPA members have contacted the Institute to clarify their professional ethical obligations when asked for "comfort letters" by lenders and mortgage brokers. Attestation Interpretation 2, Responding to Requests for Reports on Matters Relating to Solvency, states that a...
- The Golden Rule: Disclose and Document
Clients typically rely on their CPA to stay on top of tax issues and inform them of any important changes. Two areas of particular concern are tax amnesty programs and the disclosure of reportable and listed transactions. To generate additional funds, state and local governments have established...
- A Tool for Initiating or Strengthening Internship Programs
A tool designed to help organizations establish productive internship programs is discussed. It is based on conversations with the tool's developer and press releases describing the product and its benefits. It also provides links to allow organizations to assess the feasibility and value of...
- Put Staff First, Clients Will Follow!
The staff shortage may be the best thing that has ever happened to the public accounting industry. It presents a tremendous opportunity for CPA firms to reinvent themselves and change the way they deliver services. One new strategy centers on one simple concept: Don't double the hours employees are ...
- A Good Time to Be a Creditor
Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, conditions will become a bit friendlier for companies whose customers are declaring bankruptcy. According to section 546(c)(1) of the Bankruptcy Act, the period during which a creditor company may make a reclamation demand (r...
- Pcps Publications Win Top Honors
- Mark Your Calendars for a New Round of Pcps Practice Management Forums
- Privacy: A Priority
In response to requirements - and demands - for privacy protection, the AICPA developed a Privacy Framework and Criteria to guide members in providing privacy compliance services. The AICPA has a particularly good privacy outline available for download free of charge on its Web site. ...