New Forms and Questions on Form 1065

An update on the new partnership examination rules, based upon amendments to the original statute and the issuance of draft forms for 2018. This article focuses on the ability of the entities with fewer than 100 partners who are eligible to elect... read more

Avoid Scams When Disasters Strike

After any disaster, like a tornado or wild fire, many people come forward to help victims. Unfortunately, however, these emergencies also bring out con artists who seek to exploit the situation using illegal scams. To help you avoid being conned... read more

IRS Extends Upcoming Deadlines, Provides Tax Relief For Victims Of Hurricane Florence

WASHINGTON — Hurricane Florence victims in parts of North Carolina and elsewhere have until Jan. 31, 2019, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. The... read more

Department of Revenue to Waive IRP/IFTA Requirements Due to Hurricane Florence

The Commissioner of the Georgia Department of Revenue, pursuant to the powers granted by law, is temporarily suspending the requirements associated with the Georgia International Registration Plan (IRP) and the International Fuel Tax Agreement... read more

Six Steps To Take Before Disaster Strikes To Reduce Financial Loss

As hurricane season begins, GSCPA wants to make sure our members are prepared. Georgians can prepare for the possibility of a hurricane making landfall by working with their family to create an emergency preparedness plan, or re-visiting one... read more

Gov. Deal Issues State of Emergency for Georgia as Hurricane Florence Approaches

“The state is mobilizing all available resources to ensure public safety ahead of Hurricane Florence,” said Deal. “In light of the storm’s forecasted southward track after making landfall, I encourage Georgians to be... read more

What’s Next-Now That the Flood Waters Have Gone Down?

When looking at the devastation and aftermath of Hurricane Florence, you may be wondering how you are ever going to recover. Take a Deep Breath and Pace Yourself This has happened before, and communities have recovered. It is easier said than... read more

Preliminary Thoughts on the Tax Implications of Hurricane Florence

Hurricane Florence has brought about unique circumstances never seen before by the residents of the Mid-Atlantic states. The catastrophic damage from Hurricane Florence is of the most catastrophic events to hit this area of the country. This will... read more

Millennials -- it’s time to negotiate

Millennials in the workforce are in for some unexpected and unknown rules of thumb that for the seasoned business person, come naturally. Negotiating a raise, more time off, or a promotion are just a few of the meetings new employees will need to... read more

IRS Tax Tip 2018-138: Three steps charities applying for tax-exempt status need to take

Three steps charities applying for tax-exempt status need to take Before applying for tax-exempt status, a charitable organization must determine whether it is a trust, corporation or association . After that, there are three additional steps to... read more

Treasury, IRS Issue Proposed Regulations On Charitable Contributions And State And Local Tax Credits

WASHINGTON — Today the U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a... read more

Taxpayers Should Be Prepared For Natural Disasters

With hurricane season underway, it’s a good idea for taxpayers to think about what they can do to be prepared should a hurricane or other natural disaster strike where they live. Here are a few helpful tips for taxpayers to keep in mind.... read more

Tax Security 101: Tax Professionals Must Maintain, Protect EFINs; Monitor EFINs, PTINs and CAF Numbers

WASHINGTON – The Internal Revenue Service and the Security Summit partners warned tax professionals that savvy cybercriminals target IRS-issued identification numbers to help impersonate practitioners as well as taxpayers. To help protect... read more

IRS Urges Taxpayers To Check Withholding Now To Avoid Tax Surprises Later

With the year more than halfway over, the Internal Revenue Service urges taxpayers who haven’t yet done a “Paycheck Checkup” to take a few minutes to see if they are having the right amount of tax withholding following major... read more

IRS Issues Proposed Regulations On New 20 Percent Deduction for Passthrough Businesses

WASHINGTON — The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.... read more

IRS Issues Guidance On Small Business Accounting Method Changes Under Tax Cuts and Jobs Act

WASHINGTON – The Internal Revenue Service issued guidance today on new tax law changes that allow small business taxpayers with average annual gross earnings of $25 million or less in the prior three-year period to use the cash method of... read more

IRS and Treasury issue proposed regulations implementing Section 965

IR-2018-158, Aug. 1, 2018 WASHINGTON−The Internal Revenue Service and the Department of the Treasury today issued proposed regulations on section 965 of the Internal Revenue Code. The proposed regulations affect United States shareholders, as... read more

Communicating Financial Information to Non-Financial People

“Make everything as simple as possible, but not simpler” – Albert Einstein Extremely insightful wisdom from arguably the greatest scientific mind in human history. The wisdom in Einstein’s words is applicable, not just to... read more

July 1st: What Is Legal And What Isn't?

When the Georgia Legislative body passes legislation and it is signed into law by the Governor, it doesn’t always mean that law is effective immediately. Some laws are in fact effective upon signing, some are effective on the first day of... read more

Supreme Court’s Wayfair Decision Sidelines Quill

The Supreme Court, in a 5-4 decision penned by Associate Justice Anthony Kennedy, came down on the side of the states in the landmark case South Dakota v. Wayfair, granting them greater power to require out-of-state retailers to collect sales tax... read more

Second Estimated Tax Payment Due June 15 form, publication can help people pay the right amount following law changes

WASHINGTON – With tax reform bringing major changes for the year ahead, the Internal Revenue Service today reminded self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the second estimated... read more

GA DOR Issues Proposed Guidance On Rural Hospital Credits

On June 15, 2018 the Georgia Department of Revenue released a notice saying: An Income Tax Division Rule is being proposed by the Department.  Interested parties seeking to comment on the proposed Rule should review the notice for further... read more

Need for IRS Guidance on New Pass-Through Deduction A Top Member Concern

When will the Internal Revenue Service (IRS) issue guidance on new Internal Revenue Code section 199A? That’s the number one question on CPAs’ minds related to the Tax Cuts and Jobs Act. read more

Georgia Tax Credits: New or Enhanced for 2018

With Georgia’s 2018 Legislative Session officially in the rear-view mirror, there are always new laws that could be potentially important to CPAs and/or their clients. In this article, we’ll look at the tax credits that were signed... read more

IRS: Recent Changes To Moving, Mileage And Travel Expenses

The Tax Cuts and Jobs Act includes changes to moving, mileage and travel expenses:

Move-related vehicle expense


The new law suspends the deduction for tax years beginning after Dec. 31, 2017, through Jan. 1, 2026. During the... read more

10 Things Every CPA Should Know About Their Georgia Licenses* (*but were afraid to ask)

Like every extremely compliant CPA in the State of Georgia, I eagerly awaited my license renewal notification in October 2013. Unlike the previous 25 years, this renewal came with a new requirement to submit a Notarized Affidavit of Citizenship... read more

Are You Prepared for a Natural Disaster? Are Your Clients?

If you feel like the past year has been a bit apocalyptic – hurricanes, wildfires, earthquakes and a tornado or two – you’re not alone. Natural disasters make Americans anxious. A 2016 YouGov survey revealed the greatest concern... read more

IRS Warns Tax Pros of New Scam Posing as Professional Associations

IRS YouTube Videos: Phishing/Malware -- English Why Tax Professionals Need a Security Plan -- English How to Maintain, Monitor and Protect Your EFIN -- English WASHINGTON – The IRS and its state and industry Security Summit partners today... read more

2018 MAP Survey

Be in the know in less time The newly redesigned and streamlined Is now open and ready for your participation It’s so easy to get so focused on hitting the next deadline or winning that next new client that we lose sight of what’s... read more

IRS Provides Disaster Readiness Guidance During National Hurricane Preparedness Week

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What Every Woman Should Know About Financial Security

Women tend to have a longer life expectancy than men, which means they spend more time in retirement and often do so with less savings, given their lower average lifetime earnings. The reason for this is demographics: women interrupt their... read more

Georgia Department of Revenue to follow IRS, Extend Tax Deadline to Midnight of April 18, 2018

Due to a system issue the Internal Revenue Service (IRS) encountered on Tuesday morning, the IRS decided to extend the tax filing deadline until midnight on Wednesday, April 18, 2018. The Georgia Department of Revenue (DOR) is also extending the... read more

The Three Best Ways to Spring Clean Your Finances

Spring cleaning doesn’t just have to be for your home. Spring is a great time to get your finances in order and eliminate bad spending habits, since you get a clearer picture of your income after your taxes are done. Our tips for staying on... read more

IRS Provides Additional Day To File And Pay For Taxpayers Through Wednesday, April 18; IRS Processing Systems Back Online

The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their taxes following system issues that surfaced early on the April 17 tax deadline. Individuals and businesses with a filing or... read more

IRS e-File and Direct Pay Technical Issues

The IRS announced they are having technical issues with their e-File and Direct Pay systems today. IRS personnel have told us that they are working to resolve the problem. The Washington Post reported that the Service is trying a hard reboot of... read more

The Five Abilities Crucial To Leadership

Last week, I had the great opportunity to take my kids to the Final Four in San Antonio, Texas. This is the second time in three years we have been able to attend, seeing Villanova beat North Carolina with a three-pointer at the buzzer in 2016.... read more

Georgia Legislative Update

March 8, 2018 Crossover day this session happened on day 28 of the Georgia legislative session on February 28, 2018. Many bills made the cut and will continue their lives in the legislative process, while many will not proceed unless brought... read more

House Bill 918 (Conformity Bill) Signed by Governor Deal

March 2, 2018 Atlanta, GA IRC Update Bill – HB 918 relating to revenue and taxation, so as to define the terms "Internal Revenue Code" and "Internal Revenue Code of 1986" and thereby incorporate certain provisions of the federal law... read more

IRS Tax Tip 2018-23: Tax Preparers: Take these Steps After a Data Loss

The IRS warns tax professionals that cybercriminals are at work now that the nation’s tax season is here. Thieves file fraudulent tax returns and use the stolen information to get tax refunds using their victims’ information. Tax... read more

Avoid the Rush: Taxpayers Must Validate Identity When Calling the IRS

WASHINGTON – The Internal Revenue Service today reminded taxpayers and tax professionals that they will be asked to verify their identities if they call the IRS. This is part of the agency’s efforts to keep taxpayer data secure from... read more

Scam Alert: IRS Urges Taxpayers to Watch Out for Erroneous Refunds; Beware of Fake Calls to Return Money to a Collection Agency

WASHINGTON – The Internal Revenue Service today warned taxpayers of a quickly growing scam involving erroneous tax refunds being deposited into their bank accounts. The IRS also offered a step-by-step explanation for how to return the funds... read more

Legislative Update – February 2018

Georgia The 2018 legislative session began on January 8, 2018, the second Monday in January. Thanks to the latest adjournment resolution, we now know the major dates left for the legislative session. Crossover day is on Wednesday, February 28th... read more

New Electronic Mandate Requirements for Filing Income Tax Returns

What you need to know: The Department will not allow any exceptions to this electronic filing requirement. Taxpayers who are impacted by this regulation are expected to follow the requirements that are outlined in the regulation. Software... read more

Art & Anson- Let's Talk Gov Shutdown as it Affects the IRS

Although the 2018 government shut down ended on January 22, the temporary resolution expires February 8, 2018. In this video, Art and Anson answer your questions of how a government shutdown affects the IRS and what to do in the event of a... read more

Updated 2018 Withholding Tables Now Available; Taxpayers Could See Paycheck Changes by February

WASHINGTON — The Internal Revenue Service today released Notice 1036 , which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month. This is the first in a series of steps... read more

2018 Tax Filing Season Begins Jan. 29, Tax Returns Due April 17; Help Available for Taxpayers

WASHINGTON ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February. The... read more

New mailing address for Forms 8809 — Faxes no longer accepted

All Forms 8809 , Application for Extension of Time to File Information Returns, filed on paper are now processed by the Internal Revenue Service Center in Ogden, Utah. These paper forms must be mailed. Faxes will not be accepted. The mailing... read more

IR-2018-2: Security Summit Partners Warn Tax Pros of Heightened Fraud Activity as Filing Season Approaches

WASHINGTON – The Internal Revenue Service, state tax agencies and the tax industry today warned tax professionals of early signs that cybercriminals already are at work as the nation’s tax season approaches. Fraudsters are using a new... read more

Procedural Change: Updates for Practitioner Priority Service (PPS) and Form 2848

More information is going to be needed in the upcoming filing season for business returns. That is for filing season 2018 for the 2017 returns. In a January news release the IRS advised that they will be asking for this information to combat... read more

What Practitioners Should be Aware of Regarding the TCJA (Tax Cut and Jobs Act-H.R. 1)

For use when engaging in long-term planning for clients. I have limited the article to items with differing beginning dates, ending dates, or effective dates. This article does not take into account how the federal changes affect the various... read more

President Trump Signs Tax Bill

Los Angeles Times - President Trump signed a sweeping tax-cut measure — his first major legislative achievement — before heading off for a Christmas vacation at his Mar-a-Lago property in Palm Beach, Fla. The president also... read more

e-Services Scam Alert

The IRS warns all e-Services users to beware a new phishing scam that tries to trick tax professionals into “signing” a new e-Services user agreement. The phishing scam seeks to steal passwords and data. All tax professionals... read more

Changes to Business Returns in 2018

More information is going to be needed in the upcoming filing season for business returns. That is for filing season 2018 for the 2017 returns. In a July news release the IRS advised that they will be asking for this information to combat... read more

All of Georgia Now Eligible for Disaster Tax Relief

WASHINGTON -- Hurricane Irma victims in the entire state of Georgia now have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. This includes an... read more

How to Read and Better Understand Your Financial Statements

It is important to identify who is using the financial statements as well as what their specific interest is. Some users of financial statements are not very experienced and have no desire to become enlightened on reading the financials. read more

Six Risk Management Mistakes CPA Firms Make

Managing CPA liability risk exposures is a complex process, and it's easy to underestimate the potential for risk along the way. The following six mistakes can be avoided by being aware and taking the right steps. read more

Internal Audit's Critical Role in Cybersecurity

In an ideal world, cybersecurity plans are well-designed, routinely tested, and executed flawlessly. Everyone knows their role and follows the policies and practices designed to protect the organization from shadowy evil-doers lurking in the... read more

IRS Office of Appeals Pilots Virtual Service

The Internal Revenue Service Office of Appeals will soon pilot a new web-based virtual conference option for taxpayers and their representatives. This virtual face-to-face option will provide an additional option for taxpayer conferences. The IRS... read more

IRS Launches Education Campaign Aimed at Tax Pros

The IRS today warned tax professionals to increase their computer security and to beware of their inbox — specifically the successful email scams dubbed spear phishing that identify themselves as a friend, customer or company. As part of the... read more

Don’t Let Clients Overlook the Need for a Will

I recently received an email from someone I'll call Mabel. As Mabel explained, she's single, age 26, and lives at home with her parents in Buffalo, NY. She has designated her father as beneficiary of all her savings and investment accounts.... read more

Security Blocking and Tackling

How valuable is your data or your client's data? Protecting confidential information or information that could do you or your organization damage is what security is all about. What are acceptable business risks? What actions should be taken to... read more

Let's Talk Sports: Hiring to Build an Unstoppable Team

Each year millions of people tune in to watch the NFL draft. It’s an event that bonds, excites, and builds momentum for the upcoming NFL season. As an all-around sports enthusiast, I grew up watching and anxiously awaiting the annual draft,... read more

3 Skills CPAs Can Sharpen Over the Summer

The summer season, which unofficially kicked off recently, is usually a quiet time of year for CPAs and accounting professionals. Following the adrenaline rush of tax season, filing tax extensions, and wrapping up any audit issues you may have... read more

New PCAOB Standard Enhances Relevance and Usefulness of the Auditor's Report

June 5, 2017 — The Public Company Accounting Oversight Board adopted a new auditing standard  June 1 to enhance the relevance and usefulness of the auditor's report by providing additional and important information to investors. The new standard... read more

Tips on Preparing for Hurricanes, Floods, and Other Natural Disasters

Atlantic hurricane season started June 1, and the Internal Revenue Service is offering advice to taxpayers who may be affected by these types of storms, as well as other natural disasters. read more

Fake Financial News is a Real Threat to Majority of Americans

April 28, 2017 — Fake news, deliberately false and misleading articles, has been all over the news lately. A new survey reveals that fake financial news has the potential to be a real serious problem, and it’s impacting Americans’... read more

7 Ways to Reduce Talent Turnover

Employees have become more engaged in their work and their companies in the past three years, making them more productive and less likely to switch jobs. But competition for skilled accounting and finance professionals continues to have CFOs... read more

Governing the Nonprofit Organization

Boards of Directors are groups of people, and they experience all of the struggles and have all of the needs that are typical of groups. They need structures and systems. They need skillful facilitation of meetings. They need clarity of... read more

Gov. Deal Signs FY 2018 Budget

May 1, 2017 — Gov. Nathan Deal today held budget signing ceremonies across the state for next year’s $25 billion state budget. The legislation, HB 44, will support Georgia citizens by funding initiatives in education, human services, public... read more

New Framework Outlines Cybersecurity Risk Management Reporting

At a time when organizations around the world are facing cybersecurity attacks, it is more important than ever for them to demonstrate to key stakeholders the extent and effectiveness of their cybersecurity risk management efforts. To help... read more

How to Build an Effective Talent Development Program

With the global business environment shifting daily, it’s critical for organizations to be prepared for change. Companies need to make sure their teams have the right skills to ensure the organization can thrive in this increasingly complex... read more

IRS Extends Disclosure Deadline for Syndicated Conservation Easement Participants

On April 27, 2017, the IRS issued Notice 2017-29 which extended the deadline for disclosing certain participation in syndicated conservation easements. read more

Top 5 Technology Mistakes

I can’t tell you how many times people tell me they’re unsure or have no idea which antivirus or antispyware they’re currently using—if any at all. Many users run out-of-date software or let their licenses expire because... read more

How Financial Statement Audits Deliver Key Business Insights

Financial statement audits are not just a compliance exercise, but also an opportunity to gain knowledge that can generate positive business results, according to a recent survey. read more

6 Disruptive Forces for Boards to Tackle

Organisations are up against several forces that boards should consider, including technological advances, geopolitical developments, and a changing workforce. Boards that tackle the challenges could gain competitive advantages for the companies... read more

The New Revenue Recognition Standard: What You Need to Know

Financial reporting executives quietly panicking over the impending new standard for revenue recognition, take heart! Regulators are giving more advice on how you can panic effectively. At the AICPA’s annual Current SEC and PCAOB... read more

Private Collection of Some Overdue Federal Taxes Starts in April

April 5, 2017 — Starting this month, the IRS will begin sending letters to a relatively small group of taxpayers whose overdue federal tax accounts are being assigned to one of four private-sector collection agencies. The new program, authorized... read more

Important Information on W-2/SSN Data Theft Scam

March 29, 2017 - A dangerous email scam currently is circulating nationwide and targeting employers, including tax exempt entities, universities and schools, government and private-sector businesses. The scammer poses as an internal executive... read more

IRS Warns of Last-Minute Email Scams

Remember: never open an attachment or link from an unknown or suspicious source. A recent email scam claims to be an update from a legitimate state CPA professional organization. This scam is an attempt to steal password information. read more

2017 CPA Exam Changes

On April 1, 2017, the AICPA launched the next version of the Uniform CPA Examination , an assessment that   places a greater emphasis on testing a candidate’s higher-order cognitive skills such as critical thinking and analytical ability.... read more

How Trump’s Estate Tax Plan Might Impact Families

President Trump and the Republican leaders in Congress have advocated a repeal of the federal estate tax. If that occurs, certain tax concerns facing wealthy families would be wiped away, perhaps forever. But a repeal, if one is indeed enacted,... read more

Winter Storm Extension: Many Businesses Have Extra Time to Request a Six-Month Extension

March 15, 2017 - The Internal Revenue Service today granted many businesses affected by this week’s severe winter storm additional time to request a six-month extension to file their 2016 federal income tax returns.  The IRS is providing... read more

How to Overcome Challenges Facing the Future of Audit

Call it “future shock” for audit. A new Thomson Reuters Checkpoint report minces no words in declaring that too many CPA firms are lagging in the very mainstay of the profession – audit services. And if CPAs are to retain their... read more

FASB Updates Accounting Rules for Employee Benefit Plans

The Financial Accounting Standards Board (FASB) issued an update to accounting standards on Feb. 28 that the board believes improves financial reporting about an employee benefit plan’s interest in a master trust. In a master trust, a... read more

Bills That Survived Crossover Day 2017

The three most important dates during the 2017 legislative session in Georgia are Jan. 9, the first day of session; March 3 Crossover Day; and March 30, sine die or the last day of session. Now that we are past Crossover day, which is the... read more

Is Your Email Secure?

How safe is your email? How do you know the contents are being delivered securely and without modification? Worse, how do you know your email is not being used as a gateway to attack your clients? While reflecting on the statistic that 91% of... read more

Conservation Easements and Listed Transactions: A Guide for CPAs

This article is our firm’s first step in helping CPAs help their clients fulfill their obligations with regard to investments in syndicated conservation easement transactions. What they HAVE TO DO and BY WHEN to avoid a significant penalty... read more

10 Strategies to Successfully Integrate a Deal

Pip Spibey, ACMA, CGMA, has spent much of the past year integrating an acquisition that UK-based Travelport made to develop new digital services and mobile capabilities for the travel industry. In June 2016, Travelport, a technology platform that... read more

IRS Reminds Farmers, Fishermen About March 1 Tax Deadline

The IRS reminds farmers and fishermen about the March 1 deadline to take advantage of special rules that can allow them to forgo making quarterly estimated tax payments. Taxpayers with income from farming or fishing have until March 1 to file... read more

5 Things You May Not Know About IRS Form 990

With over 300 pages of instructions and 300 possible questions to answer, the IRS Form 990 , Return of Organization Exempt From Income Tax is a complex and extensive form. It is filed annually by most exempt organizations, including charities.... read more

New, Free Client Communication Tools for Tax Practitioners

Communicating your value as a tax practitioner is critical – no client can be taken for granted. The good news is that marketing and communications don’t have to be difficult or expensive. The AICPA’s Tax Practitioner’s... read more

2017 Legislative Update

The Georgia state legislative session began on Monday, Jan. 9, 2017, the second Monday in January. Thanks to the latest adjournment resolution, we now know the major dates left for the legislative session. March 3 is “Crossover Day", the... read more

What Keeps CFOs up at Night?

What issues are CFOs losing sleep over? New research shows the biggest work challenges for financial executives are interpersonal conflicts and their own on-the-job performance, followed closely by the pressure to find and hire good employees.... read more

Single Audit – Get off to a Good Start with an Error Free SEFA

The Uniform Guidance (2 CFR Chapter 1, Chapter II, Part 200, et al. Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards) is the standard that both Auditors and Auditees must follow when a Single Audit... read more

DOR Extends Relief to Victims of Severe Storms

The Georgia Department of Revenue is providing tax relief to the victims of severe storms and tornadoes that took place beginning on January 2, 2016 in Dougherty County. This announcement coincides with the relief announcement issued by the... read more

Reducing Your Risk: Documentation and Engagement Letters

CPA liability exposures during tax season are always a concern, regardless of economic or professional conditions. CAMICO’s claims experience shows that many high-exposure tax claims have certain characteristics in common, primarily as... read more

What You Need to Know for the 2017 Tax Filing Season

The 2017 tax season kicks off at the end of January, and to be sure you’re fully prepared, here’s what you need to know. These highlights are from a more in-depth IRS article, which you can access on their website . The nation’s... read more

When it Makes Sense to Refer Clients to Other Practitioners

You do a lot for your clients, and you know it. You could do lots more if they are receptive, as List of 18 Reasonable Client Expectations explained. It’s not a one-way street. What Accountants Should Expect From Their Clients highlights... read more

Protect Your Clients: Security Summit Partners Warn Tax Pros of Cybercriminals

The Internal Revenue Service, state tax agencies and the tax industry are warning tax professionals of the continuing threat from cybercriminals and launched a series of security tips to encouraging stronger measures to protect taxpayer data. The... read more

New IRS Tool Assists Taxpayers with Basic Account Information

December 2, 2016 - The IRS has launched an online application that will assist taxpayers with straightforward balance inquiries in a safe, easy and convenient way. This new and secure tool, available on allows taxpayers to view their IRS... read more

Every Check Has a Balance—Even with Health Care IT

In this case, for every check there is an audit. Providers receive federal and state funds based on their ability to provide access to electronic health records (EHR). In order to qualify under the Centers for Medicare & Medicaid Services EHR... read more

The Importance of Insurance and What Should Be Included

CPAs face many risk exposures that can stem from a wide variety of business areas and may cause major problems. Whether it’s cyber coverage, employment practices liability, or professional liability, the risk exposures faced by firms and... read more

Three Ways to Start Preparing for Tax Season

Winter is here, and holidays and activities will soon crowd the coming months. From seasonal holidays to office parties and autumn vacations, both businesses and their clients have a full agenda. However, there's another important event coming up... read more

IRS Warns Tax Professionals of New e-Services Email Scam

Nov. 4, 2016 - The Internal Revenue Service today issued an urgent alert to tax professionals who use IRS e-services to beware of an email asking them to update their accounts and directing them to a fake website. The subject line for the... read more

Cybersecurity: Reality or Just a Scare Tactic?

Headlines abound about cybersecurity. But do these threats actually affect you and your firm or do you believe that these attacks "always happen to someone else?" By now, you should have your local drives encrypted to comply with your... read more

Goodbye A-133, Hello Uniform Guidance: What You Need to Know

The investment of time and resources necessary to perform high-quality single audits of federal funds can be substantial and daunting for many CPA firms. Add the implementation of new single audit rules to the mix, and the challenges increase... read more

DOR Extends Relief to Hurricane Matthew Victims

The Georgia Department of Revenue is providing tax relief to the victims of Hurricane Matthew that took place beginning on October 4, 2016, in certain Georgia counties. This announcement coincides with the relief announcements issued by the... read more

IRS Gives Tax Relief to Georgia Victims of Hurricane Matthew

Oct. 17, 2016 - Hurricane Matthew victims in much of North Carolina and parts of South Carolina, Georgia, and Florida have until March 15, 2017 , to file certain individual and business tax returns and make certain tax payments, the Internal... read more

GSCPA News Brief: Hurricane Matthew

GSCPA has been working closely with both the IRS and the Georgia Department of Revenue (GDOR) to communicate the importance of extending the Oct. 17 filing deadline due to damages from Hurricane Matthew. Through numerous conversations, GSCPA... read more

Update: IRS Delays e-Services Re-Registration Date

To ensure a smooth transition, the IRS has decided to delay the October 24 date for requiring e-services users to re-register and validate their identities through Secure Access authentication. In the next few weeks, the IRS plans to have... read more

Georgia Victims of Hurricane Matthew Still Waiting for Tax Relief

The Internal Revenue Service today advised taxpayers affected by Hurricane Matthew but not yet covered by a federal disaster declaration with individual assistance that they may qualify for relief from penalties if they are unable to meet... read more

IRS Gives Tax Relief to Victims of Hurricane Matthew

Oct. 11, 2016 - North Carolina storm victims will have until March 15, 2017, to file certain individual and business tax returns and make certain tax payments, with similar relief expected soon for Hurricane Matthew victims in other states , the... read more

IRS Tax Filing Deadline Inquiry for Georgia Victims of Hurricane Matthew

GSCPA has asked both the IRS and Georgia Department of Revenue if the Oct. 17 deadline will be extended due to damages from Hurricane Matthew. read more

Senior Client Issues: Passing Wealth to Future Generations

You can’t take it with you. It’s one of those lessons many seniors just don’t get. Your 70- to 90-year-old clients might be thinking of their own mortality, yet if they were born between 1925 and 1945, either they or their... read more

The Role of Alternative Lenders

Access to capital is a critical concern for small businesses, as a large portion are challenged to find adequate financing to sustain or grow their businesses. Prior to the credit crisis of 2008, many small business owners leveraged home equity... read more

U.S. House Passes Mobile Workforce Bill

The U.S. House of Representatives passed the Mobile Workforce State Income Tax Simplification Act of 2015 , H.R. 2315, by voice vote on September 21. The bill would establish a uniform national standard governing the withholding of state income... read more

IRS Urges Employers to Take Advantage of Expanded Work Opportunity Tax Credit

With a key certification deadline fast approaching, the Internal Revenue Service today urged employers to take advantage of a valuable tax credit designed to help those who hire long-term unemployment recipients, certain veterans, recipients of... read more

Tax Effects of Divorce or Separation

If your clients are divorcing or recently divorced, taxes may be the last thing on their minds. However, these events can have a big impact on their wallets. Alimony and a name or address change are just a few items they may need to consider. read more

Best Practices for Remote Access

In today’s “anytime, anyplace” world, many business professionals have the need to access their data and desktops remotely. In some cases, this requirement is only occasional, while in others, it is standard operating procedure.... read more

How to Handle Problem Clients

Problematic or less-than-desirable clients may be keeping your firm from developing the clients it wants. An excellent way to identify those clients is to re-evaluate your client relationships on a regular basis, at least annually. Re-evaluate... read more

IRS Warns of a New Wave of Attacks Focused on Tax Professionals

September 2, 2016 — The Internal Revenue Service (IRS) is warning tax professionals of a new wave of attacks that allow identity thieves to file fraudulent tax returns by remotely taking over practitioners’ computers. As part of the... read more

Microsoft Adds Six New Functions to Excel 2016

When obtained as part of an Office 365 subscription, Excel 2016 provides a very understated new feature in the form of continual updates . Through what is technically known as the Current Channel , Microsoft rolls out new features to Office 365... read more

How to Manage a Multigenerational Workforce

In any company where a wide range of experience exists, chances are you also have a multigenerational workforce. Your finance department likely has baby boomer controllers, Gen X tax managers, Gen Y financial analysts and Gen Z payroll... read more

FASB Issues New Guidance on Not-for-Profit Financial Reporting

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that simplifies and improves how a not-for-profit organization classifies its net assets, as well as the information it presents in financial... read more

25 Ways Fraud Happens

To prevent fraud, we must know how it happens. GSCPA member Charles B. Hall, a practicing CPA and certified fraud examiner, has created a list of common thefts. He suggests reviewing the list and considering the ways these potential thefts could... read more

Ways to Deal With Difficult Clients

In the world of accounting, it’s demanding enough to keep up with the rules and regulations and other intricacies of the profession without having to deal with difficult clients. Unfortunately, like in any business, you’ll come across... read more

Common Misconceptions of Succession Planning

Now that busy season is safely in the rearview mirror, it’s probably sage advice for owners and partners to take a holistic view of their practice and assess what needs to be done in terms of growth and, particularly, with regard to succession. read more

IRS Shuts Down E-file PIN Program After Cyberattack

June 23, 2016 — As a precautionary step to protect taxpayers, the Internal Revenue Service today announced that the electronic filing PIN tool is no longer available on or by toll-free phone following additional questionable activity. read more

3 Trends Happening Now That Will Impact the Future of Accounting

The accounting profession is on the precipice of change and how it manages that change will proportionately impact its future. Technology like marketing automation, lead generation, firm improvement and development software, and collaborative... read more

Ransomware and Cyber Risk Management

Ransomware and cyber extortion represent one of today's more malicious types of hacker attacks. It sneaks into computer systems, encrypts files, and demands a ransom before decrypting the files. read more

IRS Strengthens Authentication for Get Transcript Online Service

June 7, 2016 – With the assistance of top digital experts at U.S. Digital Service and other security authorities, the Internal Revenue Service today launched a more rigorous e-authentication process for taxpayers that will significantly increase... read more

How Out-of-Date Beneficiary Designations Affect Retirement Plans

Most employees want control over who receives their retirement plan account balance when they die. While it may be unpleasant to think about, a modest amount of forethought and planning can prevent conflicts over retirement plan assets. read more

IRS Warns of Latest Scam Variation Involving Bogus “Federal Student Tax”

May 27, 2016 – The Internal Revenue Service (IRS) today issued a warning to taxpayers about bogus phone calls from IRS impersonators demanding payment for a non-existent tax, the “Federal Student Tax.” read more

Time For a Career Path Discussion With Your Team?

Do you spend enough time talking to your staff about their career paths? Probably not, according to a recent survey from global staffing firm Robert Half, which read more

How the PCAOB Uncovers Altered Work Papers

The staff of the Public Company Accounting Oversight Board (PCAOB) recently released Audit Practice Alert No. 14 , Improper Alteration of Audit Documentation. read more

Successful Zoning Strategies

There is demand for new supply and new construction in most U.S. markets. Popular developments right now include adaptive re-use, mixed-use and redevelopment. read more

Office 2016: Next Steps

Though it's been several months since Microsoft made Office 2016 available to the public, many individuals and organizations have yet to adopt the new suite of desktop productivity applications. read more

Deal Signs FY 2017 Budget

May 2, 2016 -- Gov. Nathan Deal today held budget signing ceremonies throughout the state for next year's $23.7 billion state budget. read more

DOL’s Continued Expansion of Worker Coverage Remains a Top Wage and Hour Concern

The DOL has been steadfast in expanding worker coverage under the Fair Labor Standards Act (“FLSA”), and the financial services industry, like most, will be affected. read more

The Nonmonetary Perks Workers Want

You realize workers and job seekers appreciate perks, but do you know which ones they value most? A recent Robert Half survey reveals that managers are not quite in sync with their employees. read more

Risks and Rewards of Crowdfunding for Nonprofits

Crowdfunding has become an increasingly popular tool in a nonprofit’s fundraising arsenal, and with good reason. Crowdfunding is essentially a means of asking read more

New Tax Scam Targeting Tax Professionals

April 16, 2016 — In advance of the tax deadline, the Internal Revenue Service today warned tax professionals of a new emerging scam in which cybercriminals obtain remote control of preparers’ computer systems, complete and file client... read more

PCAOB Proposes to Strengthen Requirements for Auditor Supervision of Other Auditors

The Public Company Accounting Oversight Board (PCAOB) has issued a proposal to strengthen existing requirements and impose a more uniform approach to a lead auditor's supervision of other auditors. read more

Update on Next Version of CPA Examination

The continuous improvement of the Uniform CPA Examination (Exam) is necessary to ensure that the Exam continues to align with professional practice, reflects the read more

GASB Publishes New Implementation Guidance to Assist Stakeholders with Recent Pronouncements

The Governmental Accounting Standards Board (GASB) has issued implementation guidance containing questions and answers intended to clarify, explain or elaborate on recent GASB Statements. read more

How to Protect Your Clients From the Gift Tax

The federal gift tax breaks subject to inflation indexing barely budged this past year. But not to worry: For most clients, it’s still relatively easy to avoid any dire gift tax consequences, with plenty of room to spare. read more

Many Retirees Face April 1 Deadline to Take Required Retirement Plan Distributions

March 28, 2016 - The Internal Revenue Service today reminded taxpayers who turned 70½ during 2015 that in most cases they must start receiving required read more

Introvert or Extrovert: Making the Most Out of Who You Are as a Leader

During her nearly 40-year career as a clinical and organizational psychologist and executive coach, Joan Pastor, PhD, has had the chance to assess nearly every leadership read more

Social Security Alert: File and Suspend Deadline Looms

The Bipartisan Budget Act of 2015, H.R. 1314, signed by President Obama on Monday, November 2, 2015, ends the "File and Suspend" Social Security claiming strategy for future read more

What Every Tax Professional Needs to Know About E-Signatures

The concept and use of electronic signatures is nothing new. The United Nations began providing guidance to countries worldwide on how to define and enforce e-signatures as early as 1996. read more

New Peer Review EIN Requirement

As a part of its enhanced audit quality initiatives, the AICPA is seeking Employer Identification Numbers (EINs) for all firms enrolled in the AICPA Peer Review Program and GSCPA Peer Review Program. read more

CPAs: Beware of Phishing and Malware Schemes

CPAs should be on alert regarding unexpected emails they may receive from cybercriminals posing as a client or potential client. read more

Getting Busy With Passive Activity

You might wonder why we are addressing passive activity some thirty years after its implementation. Well folks, we have found that the level of understanding of passive activity is woefully lacking. read more

How CPAs Can Sell Their Brand to New Clients

"Everyone lives by selling something." You thought Robert Louis Stevenson's only claim to fame was writing Treasure Island . If you want your business to grow, looking for new clients is part of the job. read more

Legislative Update: Bills That Made Crossover

Feb. 29 marked Crossover Day of the 40 legislative day session of the Georgia General Assembly. Any bills or resolutions which did not pass one legislative chamber and "cross over" to the other by the 30th day are now dead for this year and will... read more

So, What's New in the EBP World?

Now that the Department of Labor’s (DOL) audit quality study is “old news,” what’s next? Nearly four in 10 audits failed to meet professional standards. read more

The Wait is Over: FASB Issues New Guidance on Lease Accounting

The Financial Accounting Standards Board (FASB) officially released its long-awaited lease accounting standard on Feb. 25, which now requires companies to report most leases read more

FASB Issues New Guidance on Lease Accounting

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) on Feb. 25, 2016 intended to improve financial reporting about leasing transactions. read more

Governor Deal Signs Conformity Bill (HB 742)

On Tuesday Feb. 23, Gov. Nathan Deal signed House Bill 742 into law. HB 742 is an annual Internal Revenue Code (IRC) update that incorporates certain provisions of federal law into Georgia law. read more

Most Millennials Dread Tax Season. Here’s Why

A new survey by NerdWallet and Harris Poll found that millennials are more wary of tax-filing season than any other age group. read more

New Fraud Prevention Measures to Delay Refunds

In accordance with the Internal Revenue Service (IRS) the Georgia Department of Revenue began accepting individual tax returns on Tuesday, January 19, 2016 and will extend the deadline to Monday, April 18, 2016. read more

Legislation Important to Georgia Small Businesses Awaits Governor’s Signature

Recently, Georgia's General Assembly showed overwhelming support for this year's Conformity Bill (HB 742). Currently, this important bill awaits Gov. Nathan Deal's signature. read more

Update: IRS Systems are Operating

Feb. 4, 2016 - 6 p.m. EST - The IRS announced it resumed processing individual and business tax returns at approximately 5 p.m. Thursday following resolution of its system outage. read more

IRS Statement on Experiencing Systems Outage

Feb. 3, 2016 — The IRS experienced a hardware failure this afternoon affecting a number of tax processing systems, which are currently unavailable. Several of our systems are not currently operating, including our modernized e-file system... read more

Growth Opportunities Outweigh Challenges for Accountants

Before the onslaught of tax season begins in earnest, accountants should think not only about how they’re going to survive their busiest time of year, but also about generating a perennial revenue stream beyond this tax season. read more

OMB Revisions to A-133 Audit Requirements

The federal government expends $600 million annually in the form of grants and cooperative agreements. As this amount has grown significantly in recent years, the Office of Management and Budget (OMB) has been working with the various federal... read more

Key Affordable Care Act Changes for Tax Year 2015

Tax year 2015 is shaping up to be another busy year for tax professionals across the country, and keeping up-to-date with the latest Affordable Care Act changes is instrumental in servicing your clients the best way possible. read more

6 Questions to Help Accountants Sell Advisory Services

If you are following the large accounting industry news outlets, it’s no surprise that the role of an accountant has been, is currently and will continue to shift from compliance work read more

Tax Preparers: Perform a Deep Security Scan of Your Computer Drives

The Internal Revenue Service urges all tax return preparers to get off to a clean start this January and perform a security deep scan of their computer drives and devices. read more

2016 Conformity Bill (HB 742) Update

If passed as currently written, the conformity bill in Georgia will have a large impact on some taxpayers whether they realize it or not. This bill is the piece of legislation that conforms Georgia statute to tax changes that have taken place at... read more

IRS Ready to Start 2016 Tax Season

The Internal Revenue Service (IRS) has announced that the nation’s 2016 individual income tax filing season opens January 19, with more than 150 million tax returns expected to be filed this year. read more

Key Issues for 2016 Legislative Session

The 2016 Georgia legislative session officially convened on January 11. Per Georgia's constitution, the General Assembly must begin meeting on the second Monday in January. read more

New Health Care Costs Study Has Major Implications for Hospital Leaders

A major new study showing that hospital prices vary enormously between different American cities will impact the strategy of all hospital executives and call into question one of the theories behind the Affordable Care Act. read more

Year-End PTIN System Downtime

Attention GSCPA Members: The PTIN system will be down for end of year updates from Thursday, 12/31 at 10 p.m. EST to Saturday, 01/02/2016  at 12 p.m. EST. read more

Professional Skepticism and Other 2015 Audit Focus Areas

The auditing process is mechanical in its function but requires a curious mind to prevent and detect misstatements that can hurt a business. read more

U.S. Department of Labor Alert

The Department of Labor’s Chief Accountant, Ian Dingwall recently emailed all businesses that have filed a Form 5500. This email highlighted the importance of having a quality audit done by a qualified and experienced auditor. read more

Changes Coming to W-2, 1099 and 1095 Forms

Annual tax reporting changes are inevitable; however, this year brings a major new series of filing responsibilities for employers and businesses due to the Affordable Care Act (ACA). read more

Six Advantages of Being Your Client’s Quarterback

By Bryce Sanders - Who calls the shots in your client's advisory relationship? Logically it's the client. What if that client is consumed by his business, retired and traveling the world, or rich yet uninterested in the details? read more

Social Security: The Decision of a Lifetime

By Chris Blackmon, CPA. Social Security is often referred to as the "decision of a lifetime" for individuals or couples nearing the age of 62 when Social Security benefits are first available. Individuals reach full retirement age (FRA) between... read more

U.S. Department of Labor is Driving Changes that Accountants Need to Know About

Between legislative changes and proposed rules and guidance issued by government agencies at the federal, state, and local levels, business owners have a lot of red tape to navigate and understand. That’s where accountants come in –... read more

Conservation Easements

By Don Deans, CPA, PFS. The gift that keeps on giving…or your worst nightmare? What is a conservation easement, and how does it affect your high-income clients? Keep reading, even if your clients don’t own any land! A conservation easement... read more

How Millennial-Friendly Is Your Firm?

The word “challenging” may be readily applicable to the millennial small business owner as their expectations regarding CPA services are so intertwined with technology. The oldest millennials are now in their mid-thirties. Many have already... read more

FDIC Proposes Examination Guidance for Third-Party Lending Arrangements

The Federal Deposit Insurance Corporation is seeking comment on proposed examination guidance for Third-Party Lending. [1] The proposed guidance, issued July 29, provides banks with safety, soundness and consumer compliance measures to be... read more

Proposed CPA License and Firm License Renewal Fee Increase

The Georgia State Board of Accountancy has proposed an amendment to its Rules, Chapter 20 that would increase both the CPA and Firm Renewal License fees. Per the proposed amendments, the individual fees due on December 31, 2015 would increase to... read more

IRS Unveils Data Security Initiative for Tax Preparers

The IRS on July 6 rolled out its first fact sheet as part of a new public awareness campaign on data security  that is aimed at tax professionals. The “Protect Your Clients; Protect Yourself” initiative is intended to raise awareness... read more

CPA Firms Face Considerable Succession Challenges

The CPA Consultants’ Alliance (CPACA), released the findings from their new succession survey in an article entitled "CPA Firms Face Considerable Succession Challenges." With input from 337 mostly owner and non-equity partner respondents across... read more

Understanding the Newest Implications of the Affordable Care Act

What does the Supreme Court's recent ruling on King v. Burwell mean to tax practitioners? As you'll hear Mike Tucker explain in this short video, it's really status quo. But that doesn't mean there aren't other big changes in 2015 related to the... read more

11 Things Ultra-Productive People Do Differently

When it comes to productivity, we all face the same challenge—there are only 24 hours in a day. Yet some people seem to have twice the time; they have an uncanny ability to get things done. read more

CPA Profession's Response to DOL Audit Quality Study

The Department of Labor (DOL) has released a report on a study showing an audit deficiency rate of nearly 40% in employee benefit plan audits. The study examined 400 audits conducted by 232 firms in 2011 with the study concluding in September of... read more

Techniques to Improve Learning

As accountants, one of the privileges we have is to be a continuous learner. We take classes and read articles to keep our skills current, all to put us in the best position to help our firm and/or our clients. While there is debate if 40 hours... read more

Succession Planning Myths vs. Reality

One of the most frequent questions practitioners ask with regard to succession planning is when should they begin? Ideally, succession planning should begin the first day your firm opens for business, but seldom is that ever the case. The truth... read more

HB 246 Signed Into Law

On May 5, Gov. Nathan Deal signed House Bill 246 into law. As introduced, the Bill makes certain that the accountancy statute is as up-to-date as possible to ensure a properly functioning Georgia State Board of Accountancy (GSBA). The following... read more

Georgia 2015 Legislative Session Overview

The Georgia 2015 legislative session ended on April 2. Here's an overview of this year's high-profile legislation, the bills that passed, and the bills that are still waiting for Gov. Nathan Deal's signature. read more

Deal Appoints O'Neal to Georgia Tax Tribunal

Gov. Nathan Deal today announced the appointment of the Honorable Larry O’Neal as administrative law judge for the Georgia Tax Tribunal. O’Neal fills the vacancy created by the Honorable Charles R. Beaudrot, Jr. The appointment will take effect... read more

Transportation Bill Passes Georgia General Assembly

Transportation Bill Passes Georgia General Assembly On Tuesday, March 31, 2015 (Day 39 of Georgia’s Legislative Session), the Georgia General Assembly passed House Bill 170 (HB 170) as it came out of conference committee late that night.... read more

CPA Firms Show Modest Growth, MAP Survey Finds

Mirroring the broader economy, results of the biennial National Management of an Accounting Practice (MAP) Survey show that in 2013 CPA firms experienced modest growth over the prior year... read more

House Bill 246 Passes Senate

House Bill 246 (HB 246) passed the Senate on April 2, 2015 and is now headed to the Governor’s desk for his signature. HB 246 is an important and positive step for the CPA profession in Georgia. The bill ensures that the Georgia State Board of... read more

Conformity Bill (HB 292) Signed by Governor Deal!

The Conformity Bill in Georgia could have a large impact on taxpayers in Georgia whether they realize it or not. This bill is the piece of legislation that conforms Georgia Statute to tax changes that have taken place at the federal level. It... read more

Love in the Time of Cubicles – In an era when the lines between our personal and professional lives have blurred — when we're Facebook friends with our boss and spend more time at work than anywhere else — it would be natural to think the... read more

Is Private Company GAAP a Threat?

cfo – Greg Jonas, director of the office of research and analysis at the Public Company Accounting Standards Board, seemed alarmed. Speaking at a Standard & Poor’s accounting conference a few... read more

Finance and Accounting Skills Gap Vexes CFOs – While CFOs generally say on the record that they have no problem finding young accounting and finance talent, research suggests that such assertions are less than candid. Indeed, a shortage of... read more

And So We Meet, Again: Why the Workday is So Filled With Meetings – The ouster of Bryan Stockton from his perch as CEO at Mattel this week came as the toymaker's best-known brands like Barbie stagnate and it loses business to Web-based games. Stockton himself... read more

10 Great Mobile Tools for Accountants

accountingtoday – As a regular feature, we highlight apps that our editors and our readers find useful in their day-to-day work -- what follows is a sampling of some of our favorites. read more

How to Become Your Clients' Retirement Strategy Gatekeeper

accountingweb – You're an accountant, not necessarily a financial planner, but you know your clients' finances inside-out, and they're likely to ask you if they're OK to retire. What do you say? read more

Accountants: The Primary Advisor for Business Owners – Business owners rely on accountants more than any other type of advisor. However, accountants often fail to capitalize on their relationships with these clients. For all the professionals from bankers to lawyers and wealth... read more

New Rules on Written Tax Advice and Other Revisions to Circular 230 and Their Effect on CPAs – On June 12, 2014, Treasury and the IRS issued final regulations amending Treasury Circular 230, ­Regulations Governing Practice Before the Internal Revenue Service (31 C.F.R. Part 10). These changes will have a significant... read more

DOR Extends Relief to Farmers and Fishermen

The Georgia Department of Revenue is providing estimated tax penalty relief to farmers and fisherman. Georgia law allows farmers and fishermen to not pay estimated tax payments during the year if they meet certain requirements, including filing... read more

Managing Passwords

According to a 2013 Verizon Data Breach Investigations report that analyzed more than 47,000 security incidents, 76 percent of reported breaches are from weak credentials. Weak passwords account for 48 percent of the breaches. It is clear from... read more

Are Audit Committees Overworked? – The risk environment is clearly straining many audit committee agendas, finds a KPMG survey.Corporate audit committees “can’t do it all,” but they are increasingly asked to do so, according to a KPMG survey of 1,500 audit committee... read more

Fraudulent Income Tax Filings Discovered by Georgia DOR

The Georgia Department of Revenue has discovered a number of attempts to file fraudulent income tax returns for the 2014 filing season. DOR has reason to believe the fraudulent filings originated from data compromised through third-party security... read more

CPA Firms Show Modest Growth, MAP Survey Finds

Mirroring the broader economy, results of the biennial National Management of an Accounting Practice (MAP) Survey show that in 2013 CPA firms experienced modest growth over the prior year. The survey, which is conducted by the AICPA’s... read more

Mobile Trends for 2015 to Enhance Your Business

Each year technology evolves, changing the way we use our smartphones and tablets. See what trends are on the horizon for 2015 and how to incorporate into your business. Read the full story. read more

IRS Hotline Quick Reference Guide for 2015

As tax season approaches, make sure you have accurate resources, including these updated phone numbers for the various IRS hotlines you may need to assist your clients. Read the full story. read more

New Survey Shows CFOs More Optimistic for 2015

A recent survey by Deloitte indicates that as CFOs look ahead into 2015, they are feeling more optimistic regarding the economy and the performance of their companies. Read the full story. read more

Business Entertainment Deductions Follow Set Rules

Many of your clients may have business entertainment expenses for deduction on their taxes. However, make sure the expenses following the rules spelled out in the tax law. read more

How to Be a Visionary Thinker

It's one thing to be a visionary and have a creative idea that you're really passionate about, and another to have an idea that's also practical and strategic, according to Inc. A true and viable entrepreneurial dream is something that we are... read more

Strange But Legit Tax Deductions

If you’re searching high and low for tax deductions, take comfort from others who’ve done well at tax time. Of course, no one wants to be challenged, which argues for keeping to the straight and narrow. Nevertheless, if you’re... read more

Three Overlooked Small-Business Tax Breaks

The language of tax rules is often considered dense, confusing, or downright off-putting. Indeed, the complexity of understanding and qualifying for tax incentives often leads small companies with limited resources to avoid them altogether. Read... read more

Seven Easy (and Cheap) Ways to Develop Employees

A leading CFO offers tips from his playbook, which has helped propel at least eight of his former staffers into their own CFO roles. Find out how you can maintain a focus on growing employees’ skills even with a lean staff, few resources... read more

The Power of Language: Five Wicked Words that Are Sabotaging Your Success

Would you believe that the words you use actually determine whether you succeed or not? Language shapes how you experience the world. Take a few minutes and just listen to the conversations around you. Count how often you hear the following... read more

The Value of Continued Education

As accounting skills become available worldwide, how can young professionals distinguish themselves? Beyond certifications and degrees (which have finite beginnings and endings), the answer lies within continuing professional development and... read more

The CPA's Role in Estate Planning: Is Prior 'Common Wisdom' Now Unwise?

As a CPA, you are in a key position to assist your clients with their estate planning needs. Be proactive and emphasize the valuable consulting you can provide to your clients in their estate planning, in addition to your tax planning knowledge.... read more