Accounting
Top stories summarized by our editors
7/16/2019

If you know a colleague is burning out, stop worrying about meddling and take action, writes Nurhaida Rahim, burnout recovery coach. Give them your full attention and support, resisting the urge to judge or fix the problem.

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Thrive Global
7/16/2019

Billion-dollar technology startups are drawing headlines as several consider going public. Whether they are worth that much can be hard to determine. Having a thorough understanding of intangible assets and how to value them can unlock some of the mystery around those valuations.

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AICPA Insights
7/16/2019

As conventional wisdom about the accounting profession faces challenges, CPAs need to find forward-thinking ways to provide more value without taking excessive risks.

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CPA Insider
7/16/2019

Financial Accounting Standards Board Vice Chairman Jim Kroeker shares advice for successful implementation of accounting standards, as well as what's on the horizon for the FASB, in this podcast.

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FASB, Jim Kroeker
7/16/2019

Find out the global intangible low-taxed income inclusion and base erosion and anti-abuse tax implications for the benefit received by a US corporation reporting a worthless stock deduction under Sec. 165(g) for a controlled foreign corporation's stock.

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The Tax Adviser
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CFC
7/16/2019

A road map introduced by National Taxpayer Advocate Nina Olson shows how complicated it can be for the average person to navigate the US tax system. In addition, Olson wants a "taxpayer anxiety index" that identifies taxpayers who need conversations with Internal Revenue Service employees, rather than automated assistance.

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Fox Business
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National Taxpayer, Nina Olson
7/16/2019

Internal Revenue Service Commissioner Charles Rettig says he is considering creating a division that would focus on needs of tax practitioners. The AICPA proposed the creation of a division dedicated to practitioner services in an April 2018 letter to lawmakers.

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IRS, Charles Rettig, AICPA
7/16/2019

The Financial Accounting Standards Board this month issued an invitation to comment on accounting for certain identifiable intangible assets acquired in a business combination -- part of FASB's long-standing intent to re-examine goodwill accounting for public companies. The ITC could pave the way for FASB to eliminate goodwill accounting or improve it for users.

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CFO
7/16/2019

Symonds was the CFO at Novartis and AstraZeneca.

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FiercePharma
7/16/2019

Financial disclosure on Twitter has become more common, but companies face risk when doing so because regulatory guidance varies and is limited, accounting professors Ellen Best and Marcus Caylor write. The Securities and Exchange Commission says companies must tell investors that financial information will appear on social media before posting it, while the Canadian Securities Administrators urges companies to refrain from disclosing material information on social media.

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The CPA Journal