Retailers evaluate effect of new revenue recognition standard | 6 ways to minimize retirement-savings disruptions | The challenge of maximizing the foreign tax credit on qualified dividends
August 16, 2017
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Retailers evaluate effect of new revenue recognition standard
Here is a look at how the new revenue recognition standard could affect large companies such as Amazon, Starbucks and Nordstrom. One major change many retailers could feel involves the treatment of the unused portion of gift cards.
MarketWatch (8/15) 
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Financial Focus
6 ways to minimize retirement-savings disruptions
Events that adversely affect a person's retirement plan, such as job loss, sickness or divorce, are nearly inevitable during working life, according to a report from the National Endowment for Financial Education. This article outlines six steps people can take to minimize the impact, such as aiming for a fully funded 401(k) account.
Forbes (8/14) 
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Deliver Exceptional Client Advisory Services
As more firms prioritize offering virtual CFO and other advisory services, client expectations are growing. Join Samantha Mansfield, Director at, to learn how your firm can raise the bar in offering exceptional advisory services. Attend the CPE webinar.
Tax Spotlight
The challenge of maximizing the foreign tax credit on qualified dividends
With more Americans living and working abroad, a big challenge for tax practitioners is getting those clients the biggest foreign tax credit. Here's how qualified dividends can complicate that task and what can be done.
The Tax Adviser (8/2017) 
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10 Tips for Getting Paid Faster
You work hard for your clients—why not present them with a quick and convenient way to pay for your services? CPACharge provides your firm with a simple, secure solution for accepting online credit card and eCheck payments from clients. Ready to get paid faster?
Why mandatory vacation can be better than unlimited vacation
Unlimited vacation sounds good, but employees are often anxious about actually using it. One small startup figured out how to improve the creativity and happiness of employees by forcing them to take a vacation week at regular intervals.
Inc. online (8/15) 
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6 tactics that make for happy employees
Employees who are satisfied in their jobs are more likely to be retained by their employer and to be productive at work. These strategies can lead to a happy, motivated workforce.
CGMA Magazine online (8/10) 
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Webinar: Talking sales and use tax with clients
How do you discover the nuisances of clients' business as they pertain to sales and use tax requirements? Join us Sept. 21 at 2 p.m. ET for tips on client conversations, rules to be aware of and technology's role in keeping clients in compliance. 1 free CPE credit. Register now.
Create local backups of your data
Even if your computer lives in a cloud-based world, it's probably still a good idea to have local backup. An automated online backup system might provide the service you need.
Journal of Accountancy print issue (8/2017) 
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Policy & Regulatory
CBO: Ending insurer subsidies would mean higher premiums
Ending subsidies to health insurers would mean many customers would see premiums that are 20% higher, according to the Congressional Budget Office. President Donald Trump has described the payments as a bailout for insurers, and the administration has been deciding month to month whether to continue them.
Reuters (8/15) 
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Trump looks to speed infrastructure permitting
President Donald Trump has signed an executive order with the aim of accelerating approval of permits for pipelines, bridges and other infrastructure projects.
Reuters (8/15) 
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Market Update
US retail sales post biggest gain in 7 months
Retail sales in the US jumped 0.6% in July, the biggest one-month gain since December. Consumers' discretionary spending and motor vehicle purchases drove the trend, suggesting the economy may be picking up momentum.
Reuters (8/15) 
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China again world's biggest foreign owner of US debt
China once again owns more US government debt than any other foreign country. China's holdings of US bonds, notes and bills rose to $1.15 trillion in June, according to the US Treasury Department, putting Japan in second place with $1.09 trillion.
Bloomberg (8/15) 
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Free webcast: Small firm trends, challenges and opportunities
What makes high-performing accounting firms successful? Get this info, learn about industry trends and discuss issues other firms face during the "Small Firm Update" webcast, taking place Sept. 28 at 2 p.m. ET.
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Personal and professional development for controllers
Through the relentless changes, competition and pressure that abounds in today's business environment, make sure you have the skills to demonstrate your expertise with confidence and to lead your organization to success. The AICPA Controllers Conference, Nov. 14 and 15, provides technical updates and leadership skills specific to your needs. Register by Sept. 30 to save $75.
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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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