November 2006 - Journal of Accountancy

  EXECUTIVE SUMMARY To find out what promising young accounting professionals want from employers, the AICPA Private Companies Practice Section (PCPS) conducted a new “Top Talent Study.” CPA firm partners asked their most highly valued nonpartner employees about their hopes for growth opportunities, job benefits and firm culture, and how

  immy Williamson, a senior partner of MDA Professional Group, PC, a 100-member firm in Alabama, was inaugurated as AICPA board chair at the Institute’s fall Council meeting in Las Vegas. As a long-time AICPA and Alabama Society of CPAs volunteer over a 30-year career with his firm, Williamson believes

  EXECUTIVE SUMMARY A reputation for objectivity and fair-mindedness makes CPAs excellent candidates to become arbitrators. They also have developed the skills to lead the process, identify the issues, encourage the disputing parties to come to settlements and make decisions. CPAs’ knowledge, skills and consulting experience prepare them to make

EXECUTIVE SUMMARY The tax treatment of damages and legal fees and costs varies according to the type of underlying claim. Congressional action providing an above-the-line deduction for legal fees for discrimination claims and a recent Supreme Court decision in Commissioner v. Banks have contributed to making the treatment of damage

  » Key to Instructions To help readers follow the instructions in this article, we used two different typefaces: Boldface type is used to identify the names of icons, agendas and URLs. Sans serif type shows the names of files and the names of commands and instructions that users should

  EXECUTIVE SUMMARY CPAs can help companies hire consultants to deal with a wide variety of employee benefits challenges including managing the rising cost of health insurance, maintaining competitive benefits offerings and dealing with the complexity of pension and other retirement plans. Before hiring a benefits consultant, companies should check

  EXECUTIVE SUMMARY A company’s staff positions involve many human resources (HR) functions that CPA firms can provide relatively easily. Many firms already assist in traditional areas such as payroll and benefits administration. The profession’s roots in recordkeeping, tabulation and financial reporting give CPAs insight into organizations’ operational needs such