Most Clicked CPA Letter Daily Stories

1. IRS proposes guidance on "Cadillac" health care plans

CPA Letter Daily | Feb 25, 2015

The Affordable Care Act will impose a 40% excise tax on health care plans that provide excess benefits (so-called Cadillac health plans) starting in 2018. To prepare for its implementation, the Internal Revenue Service is asking taxpayers to comment on proposed rules. Journal of Accountancy online (02/24)

2. Revenue standard implementation has companies unsettled

CPA Letter Daily | Feb 23, 2015

A recent KPMG survey shows that 64% of U.S. companies are uncertain about the path they'll take to adopt the new, converged revenue recognition standard. Also, regulation is cited as the top compliance concern for 51% of corporate finance executives. Journal of Accountancy online (02/20)

3. Easily add your CPA credential to LinkedIn with one click

CPA Letter Daily | Feb 25, 2015

Your CPA credential demonstrates your commitment to quality, ethics and competency and represents a lot of hard work. Why not show it off? You can now add your CPA certification to your LinkedIn profile and showcase your expertise to colleagues, peers, employers, recruiters and more.

4. The tax consequences of the Oscars' swag

CPA Letter Daily | Feb 23, 2015

Forbes (02/21)

5. IRS grants relief to people who filed using inaccurate Forms 1095-A

CPA Letter Daily | Feb 25, 2015

Wall Street Journal (tiered subscription model), The (02/24)

6. Economy would be hit by DHS partial shutdown, Obama says

CPA Letter Daily | Feb 24, 2015

If Congress allows funding authority for the Department of Homeland Security to expire Friday, the U.S. economy and national security will be directly affected, President Barack Obama says. Essential personnel would still report to work, but more than 100,000 agents for border patrol, airport security and port inspection would not be paid, he says. Reuters (02/23) Hill, The (02/23)

7. How to make flexible working work

CPA Letter Daily | Feb 25, 2015

While some employers see flexible working policies as an essential talent retention tool, others raise concerns about the impact on organizational culture and relationships with colleagues. Executives offer tips on how to make the most of flexible work arrangements. CGMA Magazine online (02/24)

8. Will clarifications cause revenue recognition guidance to diverge?

CPA Letter Daily | Feb 26, 2015

International convergence of the new revenue recognition standard may decrease as a result of clarifying revisions that will be proposed by the Financial Accounting Standards Board and the International Accounting Standards Board. Journal of Accountancy online (02/25)

9. Why is COSO updating its ERM framework?

CPA Letter Daily | Feb 23, 2015

After a high-profile update of its internal control framework in 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) is revamping its Enterprise Risk Management framework. This second update is in response to the rate of change in businesses' risk management processes. Compliance Week (02/18)

10. Lockheed Martin settles suit over alleged 401(k) mismanagement

CPA Letter Daily | Feb 23, 2015

Lockheed Martin has settled a lawsuit involving 108,000 employees that alleged the company mismanaged its 401(k) retirement plan by hiding excessive fees, according to court papers. The suit, started in 2006, also said portfolio managers used a strategy that was too conservative for its "stable value" fund. Lockheed has denied wrongdoing but will pay $62 million to resolve the case. Fortune (02/20)

Sign up for CPA Letter Daily

Designed specifically for CPAs and those who work within the accounting profession, CPA Letter Daily is a FREE daily e-mail newsletter from the AICPA. It is the resource CPAs count on for breaking professional news. Learn more