January 2023

Breaking News

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...

TAX

CPAs rev up for a new tax season

While 2022 returns are relatively unaffected by recent
tax law changes, a few new issues will require preparers’ attention.

TAX

Filing season quick guide — tax year 2022

Download and print our annual quick guide, a tax season reference, highlighting dollar thresholds, tax tables, standard amounts, credits, and deductions.

FINANCIAL REPORTING

IMAGE BY HECTOR ROQUETA RIVERO/GETTY IMAGES

Initial direct cost and deferred rent under FASB ASC 842

Topic 842 requires that initial direct costs be added to the right-of-use asset and included in its subsequent amortization.

PROFESSIONAL DEVELOPMENT

Build your skills for a career in ESG

In the emerging ESG field, almost everyone is still adapting and learning. Several professionals explain how they made the transition into this key, fast-growing practice area.

TAX

The rise of the cash balance pension plan

Become familiar with this hybrid type of pension plan and its advantages for the right businesses.

ADVERTISING SUPPLEMENT

Opening doors to expand tax and accounting careers

At Intuit, Joe Lillie leads an organization of 10k+ seasonal and full-time tax and accounting professionals who interact live with consumers through virtual engagements, helping them to maximize their tax deductions and outcomes while using our TurboTax product.