Benefits
The Tax Benefits of Adopting a Child
Taxpayers who adopt a child do more than open their hearts – they also open their opportunities to take advantage of tax credits.
Isaac M. O'Bannon
Managing Editor
isaac.obannon@cpapracticeadvisor.com
Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies.
Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Email: isaac.obannon - @ - cpapracticeadvisor.com
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Accounting
The 30 Most Affordable Online Accounting Degree Programs
Accounting Degree Review, a website about accounting degrees and related topics, has released its 2014-2015 ranking of the 30 most affordable online accounting bachelor's degrees. Western Governors University's online program led the way with an ...
IRS
Report: IRS Needs to Improve Safeguards, Management Oversight and Internal Controls
Management oversight and internal controls at the Internal Revenue Service’s (IRS) Office of Safeguards should be improved to ensure the effective protection of Federal Tax Information (FTI).
Accounting
Intuit Releases QuickBooks Online Accountant
On Tuesday morning, Intuit Inc. unveiled the new QuickBooks Online Accountant, a global solution specially designed to save accountants time, grow their practice, and transform how they communicate with and deliver value to their clients.
Accounting
Tommye Barie Elected to Serve as Chair of AICPA
Tommye Barie, CPA, is the new chair of the board of directors of the American Institute of CPAs, the world’s largest member organization representing the accounting profession.
Small Business
New Sage One Mobile App Helps Small Business Owners Stay Better Connected
Sage North America has released the new Sage One mobile app that will help solopreneurs and small business owners handle accounting, project and invoicing nee
AICPA
AICPA Urges EEOC to Stop Investigating Accounting Partnership Retirement Practices
In a letter to the Equal Employment Opportunity Commission (EEOC), the American Institute of CPAs (AICPA) has asked commissioners to reject staff appeals to investigate and litigate against accounting firms regarding partner retirement provisions ...
Income Tax
2014 Tax Planning Report Highlights Opportunities and Challenges for Tax Professionals
Accounting
AICPA Announces 2014 Leadership Academy Class
The American Institute of CPAs has announced the 2014 Leadership Academy graduating class. These 37 future leaders of the accounting profession participated in an intensive four day program in Durham, N.C., which concluded earlier this month.
Accounting
Special Report Focuses on New Financial Statement Preparation, Compilation and Review Standards
The report provides an overview of the AICPA’s Accounting and Review Services Committee’s new standard, which clarifies and revises the Statements on Standards for Accounting and Review Services (SSARS).
Firm Management
AICPA Offers New Tools to Help Accounting Firms Enhance Diversity
The American Institute of CPAs today announced the launch of two new tools to help CPA firms and organizations expand and enhance their diversity and inclusion efforts. AICPA President and CEO Barry Melancon, CPA, CGMA, made the announcement at the AICPA’
Income Tax
AICPA Asks IRS for Clarification on S Corp Distributions
The American Institute of CPAs (AICPA) sent a letter to the Internal Revenue Service (IRS) explaining that an ambiguity exists under current rules for determining adjustments to the accumulated adjustment account (AAA) of an S corporation when both ...