Monthly Archives: January 2015

Substantiation 101

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Written by Guy Schmitz J.D., LL.M.   We all recognize the importance of substantiating expenses, but it still helps to remind ourselves of that importance (from time to time) so we can remind our clients.  Clients bemoan the complexity of the Code, and they are right.  A review, however, of any of the daily or […]

Written by Guy Schmitz J.D., LL.M. Commentators have wisely emphasized the extender provisions of the recently passed federal tax legislation because the extender provisions are the bread and butter of any tax practice.  There are, however, other provisions that merit attention, including a new savings provision designed to meet the financial needs of disabled persons […]

The concept of extraordinary items was dropped from U.S. GAAP by the FASB on January 9, 2015, as a result of the adoption of Accounting Standards Update (ASU) No. 2015-01, Income Statement—Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.   Accountants and other financial professionals had […]

The best way to start the New Year is by getting a head start on your CPE courses. We complied a list of continuing professional education courses that we offer to help get you up-to-date on new issues and refresh your memory on basic accounting skills. Audit Documentation Basics – A1M5 Category: Audit Skills Training […]

Your CPE courses aren’t just for keeping your continuing professional education requirements up-to-date, they also can help you grow as a leader and improve your management skills. Here are four self-study webcasts from Surgent that can help nurture your leadership skills and count towards your CPE credits. Coaching Staff to Stay on the Right Track […]

From urgent deadlines to a busy workload piling up, stress can come on all too easily these days. This doesn’t benefit you or your clients, so here are 6 tips from Forbes about how to beat stress. Speak up Don’t underestimate the power of voicing your opinion. Research conducted at the University of California in San […]