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Cash-rich companies that had been some of the biggest buyers of corporate bonds have started selling their holdings after tax law changes, according to Bank of America Corp. strategists. Companies like Apple Inc. reduced their corporate bond portfolios by more than 10 percent to $306.4 billion in the three months ended March 31, the lowest […]
The American Institute of CPAs has written a letter to the Internal Revenue Service asking the IRS to provide maximum flexibility in its regulations for the new centralized partnership audit regime. The new partnership audit regime was included as part of the Bipartisan Budget Act of 2015. Section 1101 of the BBA repeals the current […]
The Association for Accounting Marketing presented 29 awards to accounting firm marketers in categories such as advertising, branding, business development initiatives, events, and marketing and PR campaigns. Experts in the field of marketing, advertising, communications and professional services sifted through more than 100 entries and picked the winners based on the accomplishment of specific goals […]
Many of the biggest beneficiaries of President Donald Trump’s tax overhaul haven’t even been born yet. The new law doubles the amount that can be passed to heirs without worrying about estate and gift taxes, to about $22 million for a married couple. But the thresholds are in place only until 2025, and the ultra-rich […]
About one-third of Americans are postponing a major life decision, such as getting married, having children, buying a house, or going to college, for financial reasons, according to a new survey by the American Institute of CPAs, but that proportion is down from three years ago. The survey of 1,014 people, conducted last month by […]
Andrew Harrer/Bloomberg The IRS has released a new Enrolled Agent logo that EAs may use in marketing materials. It replaces a logo that the IRS created in 2012. While use of the new logo is optional, the agency said, use of the prior logo must cease. One reason: The prior logo contains a likeness of […]
I just found out that there is link that brings you to my prior “Art of Accounting” columns. I checked it out and it goes back to my 156th column posted on Nov. 14, 2016. Here’s the link. The earlier columns can be found on this website by searching for my name, or you can […]
It turns out you can predict the future – and offer valuable services while doing so. Maryland Association of CPAs’ chief executive Tom Hood shares the secrets of the “Anticipatory Organization” in this episode.
The Financial Accounting Standards Board has lost one of its members, with Harold Monk stepping down for “personal reasons.” His resignation takes effect on May 31. Monk joined FASB on Jan 1, 2017, so he effectively will have served only a little over a year of his five-year term. Before joining FASB, he was a […]
The Association of Chartered Certified Accountants and CFA Institute, which offers the Chartered Financial Analyst designation, have agreed on a three-year memorandum in which both organizations will collaborate on various initiatives. ACCA chief executive Helen Brand ACCA chief executive Helen Brand and CFA Institute president and CEO Paul Smith signed the pact. The agreement was […]
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