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 A
Conceptual Approach to the Individual NOL Deduction
Because
of poor economic conditions over the past few years,
many taxpayers are facing the prospects of net operating
losses (NOL), making it more important than ever for CPAs
to understand the relevant provisions in the tax code and
opportunities for tax planning. A conceptual approach to
computing NOLs can illuminate alternatives to an approach
oriented
on the IRC. Full
Story |
Law’s Anniversary Is Quiet
Reminder to Get It Right
July 26, 2010, marked the one-year
anniversary of the enactment of New York’s historical
accountancy reform law. The law has ushered in a sea change
in the profession in New York State by requiring all New
York–licensed CPAs to register with the New York
State Education Department (SED). According
to SED figures, there are approximately 7,000 more registered
CPAs in New York State now than there were on April 1,
2009. Full
Story
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 A
CFO’s Map to Economic Recovery
The
past few years have brought economic challenges that
have been unlike anything in recent memory. This situation
has left even the most financially savvy business owners
at a loss, causing many to look to others for sound,
dependable financial counsel. In many cases, businesses
have looked to their CFO for solid advice. This almost
universal
need for more financial advice and guidance could result
in greater stature for CFOs, because a job well done in
a time of crisis is seldom forgotten. Full
Story |