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Lesson From The Tax Court: How Evil §481 Forces Income Recapture

(TaxProf Blog) - The unhappy taxpayers in Gary Pinkston and Janice Pinkston, learned a harsher lesson: they may have to recapture over $1.1 million of prior years’ excess depreciation as gross income in the year of audit.



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Leading Through the COVID-19 Crisis

What do we need to do to keep ourselves strong and calm through these turbulent times? In this expert webinar, MACPA CEO Tom Hood will cover the major issues and opportunities for CPAs, accounting, and finance professionals that can help lead your practice through the Covid-19 crisis. Register now.



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7 Steps to Help Your Clients Transition from Brick and Mortar to a Profitable Online Store 
(CPA Practice Advisor) - Restrictions due to COVID-19 and the rise of e-commerce has forced many small business owners to close their brick and mortar stores and sell online.


In Pursuit of Better Analytics  
(CFO) - Finance analytics is maturing at an accelerated pace, but the standards, tools, and talent still have a way to go.


IRS Updates Annual Dirty Dozen Tax Schemes for 2020 
(JofA) - The IRS on Thursday issued its “Dirty Dozen” tax scams for 2020, pointing out that it was placing special emphasis on aggressive and evolving schemes related to coronavirus tax relief, including economic impact payments.


Red Flags For Advisors In The New Age Of Consolidation 
(Financial Advisor) - Over the past 10 years, independent wealth management firms have intensified their focus on driving on size and scale, with a significant and detrimental impact on personalized service standards, both for advisors and their end clients.


Working from Home is Not a Choice 
(Accounting Today) - In many ways, the accounting profession is fortunate to have the option of working from home with the use of technology. But technology is only so helpful when you don’t have childcare. The kids don’t care about your client portal or your exemplary Zoom meeting skills.


5 keys to build a premier CAS practice

The next great opportunity for accounting firms: offering Client Accounting Services (CAS). When you master the basics, CAS can grow your accounting profits by 50% or more. Learn the 5 keys to building a profitable CAS practice in our free CAS guide.




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