The CPA profession has been debating the concept of separate accounting standards for closely held businesses for over 40 years. In the December 1972 Journal of…
IRS Form 3520, Penalties, and Whether to Make a Protective Filing
Information Reporting on Foreign Trusts and Gifts
Whether a taxpayer is required to file IRS Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts, is…
Mergers and Acquisitions of Accounting Firms
When, How, and Why to Merge
It seems that every week, there is news of another merger within the accounting profession. Legally speaking, however, very few combinations of accounting firms are…
The CPA Journal is a submission-based, double blind, peer-reviewed monthly publication that features special themes throughout the year, including financial reporting, fraud, financial planning, technology, and…
The State of the Profession
Analyzing the Results of the 2017 Practice Management Survey
The results of the 19th Annual Rosenberg Practice Management Survey are in. For the third year in a row, the NYSSCPA has partnered with the…
The world is changing. The CPA profession is not, or at least it's changing far slower than the accounting profession as a whole. Sometimes it…
The Equifax Data Breach
What CPAs and Firms Need to Know Now
In the wake of the Equifax computer breach—in which key personal information of 145 million Americans was stolen—it may be correct to assume that anyone…
FASB News Nine Members Appointed to Advisory Council The Financial Accounting Foundation (FAF), FASB’s parent organization, has appointed nine members to the accounting board’s Financial…