Tips for converting stress into a positive force | Beware potential tax issues with 401(k) loans | Taxpayers may deduct casualty losses in prior years
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October 15, 2019
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Tips for converting stress into a positive force
How you perceive stress makes a big difference in how you deal with it. Crack your personal "stress code" so you treat difficult situations as challenges, rather than threats.
Fast Company online (10/14) 
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Propel your continuous audit evolution
The biggest challenge facing the audit profession is the constant ability to adapt in the face of change. Read this e-book to understand how having a plan to acknowledge and quickly adapt to change will help you survive, thrive, and grow. Read now >
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Financial Focus
Beware potential tax issues with 401(k) loans
Several court cases have shown potential pitfalls with taking a loan from a 401(k). Such loans can become taxable distributions and be subject to early-distribution penalties if all conditions are not met.
Financial Planning online (10/11) 
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More Payroll Profit, Less Pain
Payroll Relief from AccountantsWorld makes payroll processing faster, easier and hassle-free. The impact is undeniable: 75% of users have seen at least 25% improvement in their practices. Learn More.
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Tax Spotlight
Taxpayers may deduct casualty losses in prior years
The Internal Revenue Service has finalized regulations permitting taxpayers to deduct disaster losses in the tax year immediately preceding the tax year the disaster occurred.
Journal of Accountancy online (10/14) 
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Tax law changes add complexity to year-end planning
Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income, the higher standard deduction, and the cap on the deductibility of state and local taxes.
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Leadership
A 4-phase process for developing critical thinking skills
Critical thinking skills are essential in the workplace, but research suggests that many workers have gaps in this area. This article offers a four-part process for evaluating and fine-tuning your team's aptitude for critical thinking.
Harvard Business Review online (tiered subscription model) (10/11) 
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The current state of small business
Jeff Hofmann, a managing drector of Small Business Lending at Chase, shares his insights into the current state of small business. He discusses the 2019 Business Leaders Outlook survey, the rise of U.S. small business lending, and what emerging small businesses should be mindful of.
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Technology
How to access Excel's revived real-time stock prices
Microsoft has brought back real-time stock prices, although the steps for creating such a link are different, as illustrated in this simple example from the Journal of Accountancy's Technology Q&A column.
Journal of Accountancy print issue (10/2019) 
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Windows 10's latest update creates problems, users say
Users have reported issues related to the Windows 10 May 2019 Update and the latest cumulative update. Some users, for example, say they are unable to run Microsoft's Edge browser after the cumulative update.
TechRadar (UK) (10/14) 
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Be wary of adware when installing apps
Sophos has found multiple apps on Google Play that engage in problematic practices to launch ads on mobile devices while making it difficult for users to find and remove them. More than 1.3 million devices have installed at least one of these apps, data shows.
Forbes (10/13) 
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AICPA Conference on SEC and PCAOB Developments
Join us on December 9 - 11, 2019 in Washington, D.C. for an update on the latest accounting and reporting issues affecting SEC registrants and their auditors at the 2019 AICPA Conference on Current SEC and PCAOB Developments. Save $100 through Oct. 26th.
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Strategic Focus
How to make clients love your firm
Clients who feel an emotional connection to your firm can be your greatest asset, especially at a time when accounting work is increasingly commoditized. In this podcast, with full transcript, Julie Littlechild, founder and CEO of Absolute Engagement, discusses what her organization's research reveals about how clients become truly engaged with an accounting practice.
Journal of Accountancy online (10/14) 
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Policy & Regulatory
SEC revamping whistleblower program
The Securities and Exchange Commission is changing its whistleblower program, with final adoption of the plan expected this month.
The Associated Press (10/12) 
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Advisory Services
Advisers need to offer coaching to demonstrate value
Advisers should offer clients coaching, rather than simply stressing commonsense moves such as saving more. Personalized coaching differentiates advisers and demonstrates value to clients.
Financial Advisor online (10/10) 
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AICPA News
A solution to complex accounting standards
As a recent episode of the Small Firm Philosophy podcast explains, the Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs) may be a good fit for your small business clients.
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Reimagine your skills as a finance leader
Finance executives are finding a growing need to evolve their function's skills and capabilities to ensure their team is a valued contributor to the organization. Complete the Finance Transformation Certificates and walk away with the tools and resources you need to lead others through the age of disruption.
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Ultimately, we can never change someone else's behavior -- we can only change our own.
Jennifer Lopez,
singer, performer, actress
National Hispanic Heritage Month is Sept. 15 to Oct. 15
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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 431,000 members in 137 countries and territories, 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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AICPA Service Center
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Durham, NC 27707-8110
Phone: 888.777.7077
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