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October 2019 Issue

Home /Magazine/October 2019 Issue
Regulation on the Rise as Bitcoin Gains Popularity Featured

Figuring Out Cryptoassets

By  Yigal Rechtman, CPA, CFE, CITP, CISM

November 2019 0

I read with interest the article in the June 2019 CPA Journal by Andre Sterley (“Cryptoassets: Accounting for an Emerging Asset Class,” http://bit.ly/2l7CYf9). It's an excellent article about…

Featured

Tax & Accounting Update

By  Thomson Reuters Checkpoint

November 2019 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…

Featured

Forté Capital’s Selected Statistics

By  CPAJ Staff

November 2019 0

Non-farm Payroll The U.S. labor market has remained tight. There are more jobs available than applicants; in particular, skilled labor positions remain unfilled in some…

4 Things Every CPA Should Know about New York’s New Cybersecurity Requirements Featured

What to Do in the Event of a Cyberattack

By  Steven Wertheim

November 2019 0

A call comes in from the helpdesk: A user reports that she has a red screen on her desktop asking for a cryptocurrency payment and…

Featured

Reducing Federal Income Tax with Qualified Charitable Distributions

How to Preserve a Tax Write-Off

By  Peg Horan, PhD, CPA and Alexis Ferro

November 2019 0

The Tax Cuts and Jobs Act of 2017 (TCJA) overhauled federal taxation for individuals and businesses. There were numerous changes made to the tax law,…

Featured

IRS Tax Reform Resources

By  Susan B. Anders, PhD, CPA/CGMA

November 2019 0

Tax professionals will be pleased to discover that the IRS is slowly but surely adding Tax Cuts and Jobs Act of 2017 (TCJA) resources to…

Featured

Qualifying Expenses for the Expanded Research and Development Credit

A Closer Look at the TCJA Impact

By  Richard Ray, PhD, CPA and Nicholas C. Lynch, PhD

November 2019 0

In Brief Research and development (R&D) produce innovations that drive growth and prosperity. Recent legislation, including the Tax Cuts and Jobs Act and the Protecting…

Featured

Compensation Levels for Today’s Tax Professionals

By  Tom McMullen

November 2019 0

All in all, it is a good time to be in the tax profession. While schools across the country are graduating record numbers of finance…

Featured

The New Qualified Business Income Deduction

Concerns and Strategies for Real Estate Professionals

By  Paige D. Bressler, PhD, CPA and Michael Killey, PhD, CPA

November 2019 0

One of the most significant consequences of the Tax Cuts and Jobs Act of 2017 (TCJA) for taxpayers is the new Internal Revenue Code (IRC)…

Featured

The Continuing Fight over the SALT Deduction Cap

By  Corey L. Rosenthal, JD and Lance E. Rothenberg, JD, LLM

November 2019 0

Several northeastern states are finally in agreement with regard to the imposition of state and local taxes (SALT). To this end, Connecticut, New Jersey, and…

Featured

Tax Treatment of Home-Sharing Activities

By  Mary Ann Hofmann, PhD

November 2019 0

In Brief The proliferation of home-sharing platforms has allowed many property owners to make some extra money by renting out their homes, or portions thereof,…

Featured

One CPA’s Journey from Auditor to Consultant and Fintech Entrepreneur

By  Derek Abdekalimi, CPA

November 2019 0

Five years ago, I was working on an audit near Sacramento, Calif., having lunch with my manager and another auditor from the CPA firm where…

Featured

How Closing a Tax Loophole Helps Resolve an Accounting Loophole

By  Zhan Furner, PhD, CPA and Denise Dickins, PhD, CPA, CIA

November 2019 0

The Tax Cuts and Jobs Act of 2017 (TCJA) was enacted on December 22, 2017. Among other things, the TCJA amended Internal Revenue Code (IRC)…

Featured

The Confidentiality of a Client’s Tax Return Information

Provisions Tax Preparers Must Remember

By  Caroline Rule, JD

November 2019 0

Internal Revenue Code (IRC) section 7216 and its lengthy regulations govern when a tax return preparer may disclose or use a taxpayer's tax return information…

Featured

The Elastic Statute of Limitations on Claims for Refund

Why Old Claims May Still Be Open

By  Fabio Ambrosio, JD, LLM, CPA/PFS/ABV, CGMA, CFP, EA, CVA, MAFF, CFE

November 2019 0

In Brief Tax professionals have traditionally cited the statute of limitations on claims for refund to be the later of two years from the date…

Featured

Reflections on the Career of Donald T. Nicolaisen

Speak Softly with Great Impact

By  Bob Herz

November 2019 0

In June the profession lost one of its most important figures, Don Nicolaisen. For many of us who knew, respected, and admired Don, it was…

Featured

Understanding the Research and Development Credit

Recent Guidance from the IRS

By  Karen M. Cooley, MPA, CPA and Darlene Pulliam, PhD, CPA

October 2019 0

In Brief The federal research and development tax credit can be a boon to businesses, but as with any portion of the tax code, the…

Featured

The Essence of Effective Analytical Procedures

By  Howard B. Levy, CPA

October 2019 0

Analytical procedures have been part of the audit process for decades, but many auditors fail to understand their objectives or how these procedures should be…

Featured

A Successful Career Transition to Forensic Accounting

By  Eric A. Kreuter, PhD, CPA, CFE, CGMA, CMA, MAFF

October 2019 0

Finding one's career in a rut is sadly not uncommon in many professions, and accounting is no exception. Many CPAs' first impulse is to expand…

Featured

Changing Domicile for Tax Benefits and Asset Protection

The TCJA and Recent Court Decision Change the Calculus

By  Martin Shenkman, JD, CPA/PFS, AEP, Lance E. Rothenberg, JD, LLM and Joy Matak, JD, LLM

October 2019 0

WCPAs talk to individuals about moving out of high-tax states such as New York, the focus of the conversation has typically centered on how to…

Featured

Defining ‘Reasonable Compensation’ under the Tax Code

A Subjective Concept and Perennial Debate

By  Linda Campbell, PhD, CPA, CGMA, Pamela C. Smith, PhD and Kasey Martin, PhD, CPA, CIA

October 2019 0

In Brief Corporate tax deductions for executive compensation are a contentious topic, governed as they have been by the tax code's nebulous use of the…

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Our Latest Content

  • Adding Age (A) to DEI Is a Good IDEA February 2023
  • CPAJ News Briefs: FASB, AICPA February 2023
  • Enhancing Employee Resilience February 2023
  • Cybersecurity Resources for Accounting Practices January 2023
  • A Practical Roadmap for Introducing Agility to Certified Public Accounting Firms January 2023












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