Blog

7 days ago

KJ Law & CPA

Conquer negativity to recover from a layoff
After a layoff, stay focused on opportunities and don't wallow in self-doubt. Question the validity of negative thoughts, and ask yourself what strengths you've gained from professional setbacks.
Harvard Business Review online (tiered subscription model) (7/6)
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7 days ago

KJ Law & CPA

Tax practitioners are warned to safeguard client data
The Internal Revenue Service has launched an awareness campaign to alert tax professionals to step up efforts to protect clients' personal tax information as data thefts continue to rise. The IRS has warned it is increasingly difficult for the agency to recognize fraudulent tax returns as cybercriminals succeed in getting more accurate information.
Journal of Accountancy online (7/10)
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7 days ago

KJ Law & CPA

Using open-ended questions to address business challenges
Good leaders don't assume they know the answer to a problem. Instead, they ask others open-ended questions -- without providing their own opinions -- and listen to feedback to get to the right solution.
Inc. online (7/9)
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2 weeks ago

KJ Law & CPA

Virtual currency and its tax ramifications
As bitcoin and other cryptocurrencies become more popular, properly reporting and paying tax on them remain confusing.
The Tax Adviser (7/2018)
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2 weeks ago

KJ Law & CPA

Announced mergers surpass $2.5T this year
The value of mergers announced in the first half of the year exceeded $2.5 trillion, according to Thomson Reuters data. Several big deals were designed to help businesses remain competitive with major technology companies.
The New York Times (tiered subscription model) (7/3)
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2 weeks ago

KJ Law & CPA

Economies hit with unprecedented wage stagnation, OECD says
Wage growth is "remarkably more sluggish" than it was before the financial crisis, and wage stagnation is unprecedented, the Organisation for Economic Co-operation and Development says. The OECD says that technological breakthroughs that usually drive wage increases are happening at only a few "superstar" companies and that employees are hesitant to seek wage hikes based on their post-crisis unemployment experiences.
CNNMoney (7/4)
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2 weeks ago

KJ Law & CPA
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3 weeks ago

KJ Law & CPA

Auditors analyze security of Cybersecurity Data Warehouse
An audit has found Internal Revenue Service officials have not followed certain security procedures for the Cybersecurity Data Warehouse. Security issues were created when the agency "began transferring taxpayer data from the Get Transcript application to the CSDW without following the established change management process," according to the audit.
Federal Computer Week (6/25)
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3 weeks ago

KJ Law & CPA

AICPA to IRS: We need guidance on virtual currencies
Although the Internal Revenue Service has reminded practitioners to report virtual-currency transactions, it hasn't provided insight on how exactly to do so. Enter the AICPA, which has asked the IRS to release immediate guidance regarding the tax treatment of virtual-currency transactions.
AICPA Insights (6/26)
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3 weeks ago

KJ Law & CPA

Tax overhaul may fuel life-settlement industry
A doubled estate/gift tax exemption makes policies less necessary, while more favorable basis rules decrease gain on their sale.
Journal of Accountancy print issue (6/2018)
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