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October/November 2021

Home /Magazine/October/November 2021
Featured

ICYMI | COVID-Related Tax Resources

By  Susan B. Anders, PhD, CPA/CGMA

March 2022 0

In addition to the human health, remote work environment, and technology challenges presented by the coronavirus (COVID-19) environment, tax practitioners have had to absorb and…

Featured

ICYMI | The Five Hats of the CFO

By  Frank Manzi, CPA and Mark Martinelli, CPA

March 2022 0

The increasing complexity of business, whether it be from technology or globalization, has placed more responsibilities on an entity's CFO and financial organization. In addition,…

Featured

ICYMI | How ASU 2016-16 Changed the Treatment of Intra-Group Asset Transfers

By  B. Anthony Billings, PhD and Melvin Houston, JD

March 2022 0

In October 2016, FASB issued Accounting Standards Update (ASU) 2016-16, Intra-Entity Transfers of Assets Other Than Inventory, amending Accounting Standards Codification (ASC) Topic 740. The new…

Featured

ICYMI | Accounting for Operating Leases

Initial Observations

By  Stephen H. Fuller, PhD, Pranav Ghai and Ariel Markelevich, PhD, CMA

March 2022 0

This article examines the initial impact of the adoption of ASU 2016-02 (ASC Topic 842, Leases), which requires lessees to record assets and liabilities for…

Featured

ICYMI | A New Approach to Finally Stop the Hackers

Increased Risks Require New Solutions

By  Michael Cherry, Edward J. Imwinkelried, JD, Elven Riley, Jules Epstein, JD and Jack King, JD

March 2022 0

Everyone knows that hacking is a huge problem that typically results in the theft of large amounts of confidential information. But they don't know a…

Featured

ICYMI | A Survey of Tax Analytics and Automation Technologies

By  Kathy Krawczyk, PhD, Y.S. Al Chen, PhD, CPA, CISA, CGMA, CMA, CFM and Jennie Dirienzo, CPA

February 2022 0

In Brief Tax departments are always looking for ways to streamline their processes and procedures, and provide greater value-added services to management. Tax analytics and…

Featured

ICYMI | Tax Software in the Ongoing Pandemic Environment

20th Anniversary/2021 Annual Survey of New York State Practitioners

By  Susan B. Anders, PhD, CPA/CGMA and Carol M. Fischer, PhD, CPA, CGMA

February 2022 0

In Brief CPAs continued to deal with a global pandemic during the 2021 tax season, requiring many tax practitioners to work from home, often while…

Featured

Debating the Guideline Method

By  Yigal Rechtman, CPA, CFE, CITP, CISM

January 2022 0

I read with interest the article “Using the Guideline Company Method in Valuing Closely Held Companies,” by Nicholas Mastracchio (CPAJ July/August 2020), and I applaud the…

October/November 2021

Tax & Accounting Update

By  Thomson Reuters Checkpoint

January 2022 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

Accounting for Operating Leases

Initial Observations

By  Stephen H. Fuller, PhD, Pranav Ghai and Ariel Markelevich, PhD, CMA

January 2022 0

This article examines the initial impact of the adoption of ASU 2016-02 (ASC Topic 842, Leases), which requires lessees to record assets and liabilities for…

Featured

A New Approach to Finally Stop the Hackers

Increased Risks Require New Solutions

By  Michael Cherry, Edward J. Imwinkelried, JD, Elven Riley, Jules Epstein, JD and Jack King, JD

January 2022 0

Everyone knows that hacking is a huge problem that typically results in the theft of large amounts of confidential information. But they don't know a…

Featured

How ASU 2016-16 Changed the Treatment of Intra-Group Asset Transfers

By  B. Anthony Billings, PhD and Melvin Houston, JD

January 2022 0

In October 2016, FASB issued Accounting Standards Update (ASU) 2016-16, Intra-Entity Transfers of Assets Other Than Inventory, amending Accounting Standards Codification (ASC) Topic 740. The new…

Featured

Book Review | Corporate Law and the Theory of the Firm

Reconstructing Corporations, Shareholders, Directors, Owners, and Investors (The Economics of Legal Relationships)

By  James A. DiGabriele, PhD/DPS, CPA/ABV/CFF

January 2022 0

By Wm. Dennis Huber In Corporate Law and the Theory of the Firm, author Wm. Dennis Huber, an attorney and CPA with graduate degrees in economics and…

Featured

COVID-Related Tax Resources

By  Susan B. Anders, PhD, CPA/CGMA

January 2022 0

In addition to the human health, remote work environment, and technology challenges presented by the coronavirus (COVID-19) environment, tax practitioners have had to absorb and…

Featured

Divorce and Tax Considerations

By  Ryan C. Sheppard, CPA, CFF

January 2022 0

Since January 1, 2019, the tax rules for divorce instruments fall under dramatically new rules included in the Tax Cuts and Jobs Act (TCJA) of…

Featured

An Introduction to Structured Installment Sales

Avoiding Capital Gains Taxes on Real Estate Transactions or Business Buyouts

By  Dan Finn, CPCU, MSSC, RICP

December 2021 0

When the right set of circumstances presents itself, there may be no simpler way to defer, reduce, or completely eliminate long-term capital gains taxes when…

Featured

Material Participation as Significant Participation Activity

Tax Court Ruling Highlights Importance of Grouping Election

By  Robert S. Barnett, JD, CPA

December 2021 0

A recent case serves as a convenient reminder for 2020 tax return elections. In Gurpreet S. Padda, et al. v. Comm'r (TCM 2020-154), a physician met…

Featured

The Five Hats of the CFO

By  Frank Manzi, CPA and Mark Martinelli, CPA

December 2021 0

The increasing complexity of business, whether it be from technology or globalization, has placed more responsibilities on an entity's CFO and financial organization. In addition,…

Featured

Did the Tax Cuts and Jobs Act Really Lower Corporate Taxes?

Preliminary Evidence from the S&P 500 and Apple Inc.

By  Gene J. Kovacs, PhD and Saeed J. Roohani, PhD

December 2021 0

In Brief The Tax Cuts and Jobs Act (TCJA) of 2017 modified several aspects of corporate income tax rules, including a key change to the…

Featured

Year-End Tax Planning for Individuals and Businesses

By  Sidney Kess, JD, LLM, CPA

December 2021 0

There is still time in the final quarter of 2021 for tax professionals to advise taxpayers to take actions that can favorably impact tax liability…

Featured

Transitioning to the Updated Required Minimum Distribution Tables in 2022

By  David M. Barral, CPA/PFS, CFP

December 2021 0

The rules for required minimum distributions (RMD) can be challenging to navigate. New regulations that update the life expectancy tables to be used add another…

Featured

An Overview of Current Developments in D.C., Florida, and Maryland

By  Corey L. Rosenthal, JD and Arvinder Kaur, CPA

December 2021 0

CPAs need to be aware of current developments in key states in order to properly advise companies doing business in multiple jurisdictions. This article will…

Featured

A Survey of Tax Analytics and Automation Technologies

By  Kathy Krawczyk, PhD, Y.S. Al Chen, PhD, CPA, CISA, CGMA, CMA, CFM and Jennie Dirienzo, CPA

December 2021 0

In Brief Tax departments are always looking for ways to streamline their processes and procedures, and provide greater value-added services to management. Tax analytics and…

Featured

How Businesses Can Claim COVID-19 Relief before Time Runs Out

By  Eric Hylton and Steven Miller, JD, MST

December 2021 0

The COVID-19 pandemic has wreaked havoc on the United States, not just in terms of lives lost, but also in terms of the country's ability…

Featured

“Cohan Rule” Estimates

A Useful Tool if Properly Used

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

December 2021 0

In Brief If a taxpayer lacks documentation to support items on a tax return, preparers may use estimates, following an approach long known as the…

Featured

Tax Software in the Ongoing Pandemic Environment

20th Anniversary/2021 Annual Survey of New York State Practitioners

By  Susan B. Anders, PhD, CPA/CGMA and Carol M. Fischer, PhD, CPA, CGMA

December 2021 0

In Brief CPAs continued to deal with a global pandemic during the 2021 tax season, requiring many tax practitioners to work from home, often while…

Columns

Forté Capital’s Selected Statistics

By  CPAJ Staff

January 2021 0

Non-Farm Payroll Recent employment data indicates an improving labor market, with 531,000 new jobs filled in October. In addition, the unemployment rate dropped to 4.6%,…

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  • CPAJ News Briefs: FASB, PCAOB, IASB March 2023
  • Reassessing the Erroneous Refund Penalty March 2023
  • Keynote Session March 2023
  • Ensuring Integrity March 2023
  • ICYMI | Enhancing Employee Resilience March 2023












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