Tips to create a robust employee-development program | Medical-expense deduction open to more people | What should accountants ask themselves daily?
March 21, 2018
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Tips to create a robust employee-development program
Creating a strong employee-development program takes more than running a few training days or workshops. Here are 11 suggestions for making a development program successful.
Forbes (3/20) 
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Free eBook: Unlock your firm's profit potential
Get trusted answers on how you can use technology to address tax law changes faster, automate and streamline your workflow, and give your clients what they need before they know they need it. Learn how to get your firm out of the status quo grind and into a more profitable future with this free eBook.
Tax Spotlight
Phone scams and phishing featured in 2018's Dirty Dozen tax scams
The Internal Revenue Service has issued its annual list of top tax scams for this filing season, with brazen phishing and phone scams still prominent on the list. Although the IRS says it has made significant progress in fighting tax-return identity theft, the issue remains a concern.
Journal of Accountancy online (3/20) 
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Medical-expense deduction open to more people
The threshold for claiming the medical-expense deduction is 7.5% of adjusted gross income for 2017 and 2018, potentially letting more people qualify.
CNBC (3/20) 
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Corporate use case: Streamlined business processes
Interdependencies among tax, accounting and finance departments create challenges in obtaining real-time, usable data for insightful business decisions. XCMworkflow centralizes business processes into one platform, providing 360ยบ visibility and actionable intelligence. Download >
Career Development
What should accountants ask themselves daily?
Nine CPAs share questions they contemplate before their workday begins and describe how the exercise helps them keep their practices and offices running smoothly.
CPA Insider (3/19) 
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How to answer open-ended interview questions
Job candidates should keep answers focused on the position and on how their experience applies to it when asked open-ended questions. What appear to be conversational questions are often missed opportunities to show you're dedicated to proving yourself once hired.
U.S. News & World Report (3/14) 
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6 Key Areas of A&A Change
Change is rampant in the accounting profession. New accounting standards on revenue recognition, leases, and credit losses present implementation challenges, and auditors are dealing with new disclosure rules. Our free report helps you learn how to overcome the challenges.
Be ready for a business crisis
Prepare for an unexpected crisis by knowing when to stop failing programs and by ensuring employees have some familiarity with how colleagues' jobs work.
Harvard Business Review online (tiered subscription model) (3/16) 
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Times have changed. So has tax.
The AICPA Tax Section is leading tax forward with the latest technology, news, resources, tools, webcasts and client support. We'll give you up-to-date information on tax reform, and let you know what we're doing to advocate for our profession. Join the Tax Section.
G-20 wants cryptocurrencies watched closely
Group of 20 financial leaders want regulators to monitor cryptocurrencies but have not called for specific action.
Reuters (3/20),  CNBC (3/20) 
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Strategic Focus
Companies see need to manage risks, but they're slow to act
As the risk environment continues to grow in complexity, many companies are struggling to link risk-management practices with strategy.
Journal of Accountancy online (3/20) 
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Policy & Regulatory
How your organization handles personal data is about to change
The EU General Data Protection Regulation starts being enforced May 25, and any organization that handles personal data of an EU resident -- even if the organization isn't in the EU -- must comply. Here's what you need to know.
AICPA Insights (3/20) 
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Supreme Court: State courts can rule on IPO-related claims
The US Supreme Court said shareholders can pursue claims regarding initial public offerings in state courts. Justice Elena Kagan wrote that a 1998 law limiting claim decisions to federal courts "says nothing, and so does nothing, to deprive state courts of jurisdiction over class actions based on federal law."
Bloomberg (free registration) (3/20) 
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Client communications made easy with the help of technology
Your clients want to talk to you, but they want to do it on their terms. Are you tweeting? How about using Skype? Brush up on the latest digital communication tools with this guide (requires AICPA login).
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Forensic accounting doesn't have to be a mystery
Forensics, fraud and financial litigation can provide a rewarding career focus for a CPA. If you've always wondered just what it takes to work in the field, the AICPA's Fundamentals of Forensic Accounting Certificate is the ideal entry point. You'll earn 21.5 CPE credits as you get familiar with engagements, court testimony and the steps in between.
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Laura Ingalls Wilder,
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About the AICPA
The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, not-for-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination and offers credentials for a number of specialized areas. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.
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