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What Exactly is ‘Advisory’ in CAS?

(Accounting Today) - I was at AICPA Engage 2022 conference in early June when Dan Hood, the editor-in-chief of Accounting Today, stopped by to have a quick chat. Of course, me being the author of the first and only book on client accounting services, the conversation quickly turned onto CAS 2.0, and specifically about the “advisory”...



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Lesson From The Tax Court: How To Tell When Land Is Held As A Capital Asset 
(TaxProf Blog) - When a taxpayer buys land and later sells it, the character of the resulting gain or loss will depend on whether taxpayer held the land as an investment or instead held it like inventory, to be sold to customers...


Taxpayers with Balances Due Have Been Put on Notice By the IRS 
(CPA Practice Advisor) - The IRS has begun mailing out CP14 notices to millions of taxpayers who have a balance of $5 or more in unpaid taxes, kindly reminding them that the federal government would like its money.


The Best Wireless Earbuds: Free Yourself from the Tyranny of Cords 
(PC World) - We put popular Bluetooth wireless earbuds through their paces to find the best in the bunch.


Fed’s Bullard Says U.S. Economy Should Continue to Grow  
(MarketWatch) - “On GDP growth, I think that the indicators are that there will be continued expansion in the quarters ahead,” Bullard told students at the Barcelona School of Economics.There are risks, but as things stand “right now, there will continued expansion through 2022,” the policy maker said.


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