Journal of Accountancy

Issue Number

Latest documents

• Medical marijuana dispensary is denied increases to its COGS: The taxpayer, as a reseller, could not include indirect inventory costs in its cost of goods sold.
• New tax transcript practice.
• Trust and estate income tax returns under the TCJA: Preparers of these so-called fiduciary returns should review changes - including new opportunities for tax savings - enacted by the law known as the Tax Cuts and Jobs Act.
• Mentoring tax staff.
• Effective financial projections for a startup: Get a business started with meaningful financial projections.
• Estate and gift exclusion clawback addressed in proposed regs: A special rule allows the TCJA's higher exclusion amount to continue to apply in some instances after the provision's scheduled sunset.
• Mastering accounting for business combinations: Mergers and acquisitions present challenges that finance can overcome by staying involved with the deal and preparing in advance of the closing.
• Maximizing the higher education tax credits: Including a scholarship in gross income can sometimes save on taxes.
• WHERE TO TURN.
• Dealing with subpoena requests for digital data.

Featured documents

• GASB pension changes: are you ready? New rules affect state and local government preparers and auditors - and pension plans.
• Relief for small business tax accounting methods: An increase in the gross receipts ceiling is a welcome development for many enterprises.
• Sec. 199A Prop. regs. shed light on QBI deduction: Here's what practitioners need to know about this important deduction.
• Powerful internship programs for smaller firms.
• Simplifying adoption of NFP financial reporting standard: These tips can help smaller tax-exempt organizations with limited staff implement FASB's new rules.
• Tax engagement letters: use of this important practice tool can minimize professional liability risk, reduce confusion, improve collections, and ensure clients have a good understanding of the practitioner's role.
• Combating contract and procurement fraud.
• The bilingual CPA: are you fluent in IFRS and U.S. GAAP?
• Taking stock of artificial intelligence.
• Models of success? The ability to develop new service offerings may determine the fate of accounting firms in the future.