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A Better Way to Gauge Profitability

EXECUTIVE SUMMARY Return-on-equity (ROE) is the correct profit metric to evaluate the performance of a business. However, the primary emphasis on financial ratio analysis must be on operating performance. The “advanced” version of the DuPont model remedies the original model’s failure to cleanly separate the effects of operating and financing...

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PRACTICE MANAGEMENT
Joseph Longo, CPA, says turning to his in-house coach helped him with his transition to partner at EY.

Coaching programs get new partners off to a great start

The transition to partner can be challenging. That’s why many firms give new partners coaching: to boost their confidence and refine their leadership skills at a crucial juncture in their career.

EDUCATION
Gregory P. Tapis used a sabbatical from teaching accounting at Augustana College to prepare for and take the CPA exam.

‘Why are you not a CPA?’

An accounting professor went on sabbatical and took the CPA exam, learning valuable lessons that he is using to help students in the classroom.

TAX

Overview of the ECI rules

This sidebar provides a brief explanation of the Internal Revenue Code’s effectively connected income (ECI) rules that may impose direct U.S. tax on certain income earned by any foreign corporation.

TAX
Congress extends expired tax provisions and makes some permanent

Congress extends expired tax provisions and makes some permanent

Some tax breaks are extended for two years, some for five, and a few are made permanent in Congress’s annual year-end extenders legislation. (Plus: An updated version of the JofA’s annual quick guide
PDF that includes changes related to the legislation.)

TECHNOLOGY

Expanding your app-titude

This month: Add some style to your branding with Word Swag … Need a reminder? Try FollowUpThen

SPONSORED REPORT

Be prepared for tax season early

Our expert tax report highlights the important issues that tax preparers and their clients need to address for the 2024 tax year. Stay informed and proactive with guidance on critical tax considerations before year-end.