Practice Management & Professional Standards

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December 1, 2007

Advisers Beware: The Cost of Being Sued Is Going Up

This article explores the circumstances surrounding the awarding of interest on unpaid tax liabilities in malpractice cases. It analyzes the prior case law, discusses the decisions in two recent cases, and considers the future treatment of interest in accounting malpractice suits.

November 1, 2007

AICPA Tax Division Relies on Volunteers

The AICPA Tax Division’s primary goals are to help its members be the most trusted professional providers of tax services and to advocate sound tax policy and effective tax administration. The Tax Division consists of AICPA staff members and a myriad of volunteer members who serve on various committees, task

September 1, 2007

2007 Distinguished Service Award

At its annual Spring Tax Division meeting in Denver on June 4, the AICPA Tax Division’s Tax Executive Committee bestowed its Tax Section Distinguished Service Award for 2007 on Justin P. Ransome, a partner in the National Tax Office of Grant Thornton LLP in Washington, DC. Mr. Ransome chairs the

September 1, 2007

The Office of the Future

Co-Editors: Steven F. Holub, CPA; Jeffrey A. Porter, CPA For the sole practitioner or small CPA office, “the office of the future” will be paperless. The migration to a paperless office has been embraced by practices of all sizes. But, much like the initial transition to the in-house preparation of

July 1, 2007

WEB Browsing

Editors: Dennis Schmidt, Ph.D., CPA; Will Yancey, Ph.D., CPA Council on State Taxation (COST) (www.statetax.org) is the leading state and local tax (SALT) professional organization representing taxpayers. Established in 1969, COST is a nonprofit trade association consisting of nearly 600 multistate corporations. Its objective is to preserve and promote equitable

June 1, 2007

AICPA Tax Section Benefits and Resources

Co-Editors: Steven F. Holub, CPA; Jeffrey A. Porter, CPA The more than 23,000 current members of the AICPA Tax Section realize substantially enhanced benefits as a result of their membership. Tax Section members are representative of the overall AICPA membership: approximately 16,000 identify themselves as working in various-sized CPA firms

May 1, 2007

AICPA Position on Patents for Tax Strategies

The AICPA and its members have extensive experience in rendering advice to taxpayers on tax planning and compliance matters. From this unique vantage point, the AICPA has considered the broad effect of tax-strategy patents on taxpayers, professional tax advisers and the public interest. Background The patentability of tax strategies

May 1, 2007

Teaching Ethics to Accounting Majors

Editor: Annette Nellen, CPA, Esq. Accounting professionals have faced increased pressure from regulators and the public in the wake of corporate scandals over the last few years. The sight of chief executive and financial officers parading into courtrooms has raised public awareness and concern about ethical behavior in management and

May 1, 2007

Tax-Strategy Patents and the Tax Gap

Two tax policy topics have recently been getting increased attention: tax-strategy patents and the tax gap. The AICPA has been taking an active role in the debate on each topic. This column summarizes the issues and the AICPA’s involvement. Tax-Strategy Patents The patentability of tax strategies is a growing concern