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April 2016 Issue

Home /Magazine/April 2016 Issue
Feature Articles

A Unique Gift-in-Kind Promotional Opportunity for Not-For-Profits

Public Service Announcements

By  Steven Edelman, CPA and Denise Mortiz, CPA

April 2016 0

In Brief In 2014, according to Nielsen Media Research, broad-cast stations donated more than $2 billion of free air-time to air public service announcements. The…

April 2016 Issue

In this Issue: April 2016

By  CPAJ Staff

April 2016 0

This issue focuses on accounting, auditing, taxation, and management issues specific to the not-for-profit and government sectors. Although these entities present unique challenges to the…

Letters to the Editor

The Rising Cost of Bigger Audits

By  M.A. Libien, CPA

April 2016 0

I just read the article by Arthur Radin and Miriam Katowitz, “Have Audits Become Too Inefficient and Expensive?” Both of them are absolutely correct. Performing…

Letters to the Editor

The Rising Cost of Bigger Audits

By  Stanley Goldstein, CPA

April 2016 0

In their article, “Have Audits Become Too Inefficient and Expensive?” (The CPA Journal, February 2016, pp. 18-23), Arthur Radin and Miriam Katowitz have explored an…

Letters to the Editor

Overtime Pay for Staff Accountants

By  Yigal Rechtman, CPA, CFE, CITP, CISM

April 2016 0

Overtime Pay for Staff Accountants I read with interest the article regarding overtime pay for staff accountants (The CPA Journal, December 2015, pp. 52–56). My…

April 2016 Issue

Forté Capital’s Selected Statistics

By  CPAJ Staff

April 2016 0

News & Views

Tax & Accounting Update

By  Thomson Reuters Checkpoint

April 2016 0

Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…

April 2016 Issue

Association of Government Accountants

By  Susan B. Anders, PhD, CPA/CGMA

April 2016 0

The Association of Government Accountants (AGA) is a nonprofit professional organization for accountants employed in federal, state, local, and international government financial management. Its website…

Taxation

Changes to Social Security Have Tax Implications for Married Couples

Recent Legislation Eliminates Loopholes

By  Thomas Horan, CPA, PFS and Peg Horan, PhD, CPA

April 2016 0

As a bargaining tool used to expedite the passage of the Bipartisan Budget Act of 2015, Congress tightened Social Security loopholes for married couples, which…

Taxation

Travel Restrictions on Delinquent Taxpayers

By  James R. Grimaldi, CPA and Jessika Wang, JD

April 2016 0

On December 4, 2015, President Obama signed the Fixing America's Surface Transportation Act (FAST). Section 32101 of FAST adds section 7345 to the Internal Revenue…

Publisher's Column

Building Member Satisfaction

By  Joanne S. Barry, CAE

April 2016 0

Even if you're not a history buff, it's hard to walk to the NYSSCPA's Wall Street offices and not be wowed by a sense of…

Columns

Financial Planning Must Drive Estate Planning Decisions, and CPAs Must Lead the Way

By  Martin Shenkman, JD, CPA/PFS, AEP

April 2016 0

Estate planning continues to evolve in ways that enhance the importance of the CPA's role relative to other advisors and to what it has been…

Columns

Assisting Individuals with Charitable Legacies

By  Sidney Kess, JD, LLM, CPA and Edward Mendlowitz, CPA/PFS, ABV

April 2016 0

Many individuals desire to make charitable bequests but are not certain how to do so or how they work. This is an area where a…

Columns

Getting Divorced: A Tax Perspective

By  James R. Grimaldi, CPA, James A.J. Revels, CPA and Sidney Kess, JD, LLM, CPA

April 2016 0

Despite the best of intentions when couples say, “I do,” more than a few will find themselves eventually saying, “I don't.” Aside from the emotional…

Columns

The Trust Fund Recovery Penalty and Encumbered Funds

By  Henry Stow Lovejoy, JD

April 2016 0

The “trust fund recovery penalty” can impose sizeable liabilities on officers and other employees of financially struggling or failed companies that fail to pay withholding…

Columns

Pay Ratio Disclosure: A Final SEC Rule Laden with Controversy

By  Allan B. Afterman, PhD, CPA

April 2016 0

In August 2015, the SEC, by the narrowest of margins (3 votes for, 2 against), adopted the long-awaited and politically charged rule requiring large U.S.…

News & Views

Five Tips for School District Audits

Making the Grade

By  Stephen E. Holland, CPA

April 2016 0

Auditing governmental entities is an important industry niche for many accounting professionals, and school districts are the largest category of state and local entities in…

News & Views

Navigating the Not-For-Profit Tax Minefield

By  Jim Martin, CPA, MPA and Barbara Scofield, PhD, CPA

April 2016 0

Whether a large established charity, a small not-for-profit private foundation, a school club, or anything in between, there are many ways for not-for-profit organizations to…

News & Views

Changing and Enhancing Not-For-Profit Risk Management

By  Mike Burns

April 2016 0

Over the last several years, audit committees have fine-tuned their oversight relative to internal controls and financial reporting, but as this process has matured, many…

News & Views

Financial Sustainability of Not-For-Profits

By  David Rottkamp, CPA and Nina Bahazhevska, CPA

April 2016 0

The financial sustainability and related going-concern challenges for a not-for-profit (NFP) organization have become increasingly important in today's economic and financial climate. Although the demand…

News & Views

How to Evaluate Risk in the Modern Not-for-Profit Industry

By  Ronald Ries, CPA, CGMA

April 2016 0

People today live with more uncertainty than in the past. To some extent, this is because new technology and vehicles of communication, not to mention…

Feature Articles

Government-Contracted Contingent Fee Auditors

Do Conflicts of Interest Threaten the Tax System’s Integrity?

By  James F. Boyle, DBA, CPA and Charles A. Lenns, JD, CPA

April 2016 0

In Brief State and local governments' use of auditors paid on a contingent fee basis for taxpayer audits has drawn criticism because of the conflicts…

Feature Articles

40 Years of Losses, but Still Motivated to Profit

Applying the Results of a Recent Tax Court Decision

By  John K. Cook, JD, LLM and Sarah Webber, JD, LLM, CPA

April 2016 0

In Brief Many taxpayers have a hobby or sideline that they pursue in the hope of earning additional income. In calculating their profits from this…

Feature Articles

Is the Parsonage Allowance Constitutional?

The Courts Question Taxpayer Standing

By  William A. Bailey, JD, LLM, CPA

April 2016 0

In Brief In November 2013, the U.S. District Court for the Western District of Wisconsin ruled that the parsonage allowance of IRC section 107(2) was…

Columns

New York State and City Real Estate Transfer Taxes

By  Corey L. Rosenthal, JD, Annie Yang and Stanley Solomon, JD

April 2016 0

The conveyance of real property or an interest therein, whether commercial or residential, is subject to the New York State and City real estate transfer…

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Our Latest Content

  • Technostress and the Accounting Profession February 2023
  • Diversifying the Audit Profession February 2023
  • Adding Age (A) to DEI Is a Good IDEA February 2023
  • CPAJ News Briefs: FASB, AICPA February 2023
  • Enhancing Employee Resilience February 2023












About The CPA Journal

The CPA Journal is a publication of the New York State Society of CPAs, and is internationally recognized as an outstanding, technical-refereed publication for accounting practitioners, educators, and other financial professionals all over the globe. Edited by CPAs for CPAs, it aims to provide accounting and other financial professionals with the information and analysis they need to succeed in today’s business environment.

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