Debating Non-GAAP Metrics Kudos to Thomas Selling and Gregory Sommers for “Why Accountants Should Care about Non-GAAP Financial Metrics” (June 2016). I am a fan…
Forté Capital’s Selected Statistics
Conference Board Leading Indicators
The Conference Board index of leading indicators climbed 0.4% in July, slightly above expectations. The increase was led by industrial production. Nonfarm payrolls added 255,000…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Giving some serious thought to women's financial planning issues can be beneficial to both CPAs and their female clients. When advising married couples, it is…
Serving Two Masters
A Challenge for the Profession and Planners
At the American Accounting Association's recent 100th annual meeting and conference, I addressed a topic familiar to CPA Journal readers: Can CPAs serve two masters,…
It's been seven years since state law-makers and regulators overhauled the rules that regulate the CPA profession in New York, expanding the scope of practice…
In the financial services arena, it is not uncommon for high-net-worth (HNW) individuals and families to negotiate pennies when dollars are flying out the window.…
While many baby boomer grandparents are enjoying their long-awaited retirement years of travel, rest, and relaxation, many others are again raising a family. Growing numbers…
Paying for Children’s Education Can Be Taxing
Investigating the Kiddie Tax, Taxable Scholarships, Alternative Minimum Tax, and Form 1098-T Reporting
Determining education tax credits and the taxability of scholarships is an issue often encountered in tax planning and preparation. CPAs may be unaware that taxable…
Participant-directed 401(k) plan investment has expanded from an investment menu to include a self-directed brokerage account option. Service providers market these accounts to provide participants…
Many CPAs perform financial planning services, as do numerous other types of professionals. This article provides an overview of different kinds of financial advisors and…
Filing a claim for refund of overpaid tax involves much more than just submitting an amended return to the IRS with an explanatory statement that…
The winners of the 2015 Max Block Distinguished Article Awards were honored during The CPA Journal Editorial Board meeting on August 9, 2016. This award…
Life insurance can be a significant estate asset for many individuals. However, unanticipated problems can arise when trying to collect that asset. In 2011, a…
Depreciable Asset Lives
The Forgotten Estimate in GAAP
In the early days of what is now modern, authoritative GAAP, paras. 46–52 of Accounting Terminology Bulletin 1, Review and Résumé, issued by the AICPA…
In Brief America is currently undergoing the largest wealth transfer in its history, as Baby Boomers begin to enter retirement and make provisions for their…
In Brief While most individuals probably think their insurance covers them for every conceivable occurrence, many policies have numerous gaps in coverage. Excess liability coverage…
In Brief CPAs have a tremendous responsibility to provide individuals with timely and accurate information, especially in the realm of life insurance and estate planning.…
In Brief Buying or selling a home is one of the most significant financial transactions many individuals engage in. The authors examine the various ways…
Tax and Financial Retirement Strategies
2016 Max Block Award Honorable Mention in the Area of In Focus/Feature
In Brief With the Baby Boom generation facing retirement, America may soon witness the largest wealth transfer from one generation to another in its history.…
This year, our annual focus on financial planning is organized around the advice individuals need at different stages in their lives. Many people rely upon…