September 2023 - Journal of Accountancy

Nontraditional career paths, international expansions, and automation are among the approaches three firms are using successfully.

A thorough financial analysis and risk assessment of debt security assets and bank equity values shows the threat of bank failures was in plain sight.

Practitioner participation in college capstone class teaches relevant workforce skills and increases desire to pursue licensure.

Taxpayers can recognize losses, but only in the circumstances discussed.

Lindsey Modlich, J.D., LL.M., Director of Tax Controversy, Source Advisors, discusses the effects of the Little Sandy Coal Company, Inc. v. Commissioner decison in which the court held that the taxpayer failed the “substantially all” and process-of-experimentation tests of Sec. 41, denying them the federal income tax credit for increasing research activities.

Cathy Rowe, Vice President and Segment Leader, US Professional Market, Wolters Kluwer Tax & Accounting North America, discusses why innovation is critical to the modern accounting firm’s success.