If you’re just joining us, go back to the first three columns in this series. There, you’ll find an overview of the basics of Form 1040-X, Amended U.S. Individual Income Tax Return, formerly Form 1040X. I also offered advice on how to submit a 1040-X. The Internal Revenue Service sets deadlines for filing
Women in accounting and bookkeeping often don’t feel seen or heard due to bias in the workplace, but a new generation has emerged, and they’re eliminating antiquated views about the value of the work they do. The first step toward changing the perception of bookkeeping is shifting opinions outside of
The International Public Sector Accounting Standards Board issued a consultation paper on natural resources on Monday to consider various issues relating to recognition, measurement and presentation of natural resources by public sector entities. The move comes amid growing interest in the accounting profession in environmental, social and governance reporting. While
The word “inflation” has returned to people’s vocabulary. Your client probably feels the impact when they shop for groceries; everything seems to cost more. Meanwhile, the rate of return on their money market account or bank Certificates of Deposit doesn’t keep pace with the price increases they are seeing. Is
If you remember “The Spirit of Accounting,” perhaps you’re as surprised as I am to see it published again. If you don’t recall, this column appeared in almost every Accounting Today issue from 1996 to 2016, consistently challenging leaders and practitioners to improve our collective contributions to our society and
Maximizing investments is a goal for every investor and if you want to help your clients realize a better net after-tax, these tips can help. Realizing better net after-tax returns is possible with the right strategic approach. 1. Review and Update Asset Location and Allocation Clients want to save money
Educators aren’t fully meeting the needs of students or employers when it comes to teaching accountants and finance professionals, according to a new international analysis from the Association of Chartered Certified Accountants. The ACCA research draws on the views of more than 800 learners and learning and development experts. The
If you’re just joining us, part one in this series explains the basics of Form 1040-X, Amended U.S. Individual Income Tax Return, formerly Form 1040X. It also offers advice on how to submit a 1040-X. Change of filing status. Let’s suppose a married couple experienced marital problems and decided to file separate 1040s
Tax resolutions aren’t for every accountant, but it can be lucrative if you know the right way to deal with them. For any tax pro, soorner or later their clients need to resolve back tax debt. This inevitably leads to many hours of dealing with the IRS, going through the
What does it mean to be an ‘authentic’ accountant and how can this actually help your practice? In her opening keynote address at AccountingWEB Live Summit, Jina Etienne, CPA, CGMA dove right in to address the issue of accountants not truly embracing who they are as people, having to play
