CalCPA Daily Clips
Dec. 14, 2020
Silicon Valley’s million dollar question: Does remote work kill innovation?
The shift to out-of-the-office employment will permanently change the way work gets done in a region where the creation of world-changing ideas has long relied on face-to-face collaboration. But one giant uncertainty looms.
San Jose Mercury
Microsoft Announced a ‘Productivity’ Feature That Lets Managers Keep Track of Everything You Do. It Didn’t Go Over Well
One of the most challenging things about the shift over the last eight months to working remotely is how we all measure productivity. In the past, managers could often see exactly what an employee was working on since they often worked in close proximity to each other. That’s not the case when we’re all working remotely.
Health Care Questions CFOs Should Ask and Expect An Answer To
Digging into the hidden mechanisms of your organization’s health care coverage can present opportunities for savings.
Leadership lessons from the pandemic
One business founder shares lessons learned during the coronavirus pandemic, including the problem with having an always-on mindset and the value of maintaining open communication.
How to tell whether a joint venture is worthwhile
Companies are turning to joint ventures to fuel growth while limiting risk, but they must be sure to understand trade-offs involved in a deal. Here is a guide to track whether a particular partnership makes sense.
Retirees: The IRS doesn’t care about required minimum distributions in 2020, but it will in 2021
For people over 72 with tax-deferred individual retirement accounts (IRAs), required minimum distributions (RMDs) are a part of annual income planning and tax budgeting.
2020-Specific Plans for CPAs Still Exist
Now is the time for CPAs to connect with clients for financial planning before this year’s opportunities are gone.
How to Become an Outsourced/Virtual CFO
And how CAS drives up the demand.
M&A can attract high-quality partner candidates
Small and midsized firms have traditionally faced stiff competition and a complex business environment.
Building a Trusted Advisor Toolbox
Technology is commoditizing traditional accounting firm services, decreasing billable hours and motivating firms to build their advisory and consulting service offerings.
CPA Practice Advisor
Is it Time for Clients to Convert to a Roth?
With incomes being lower across the board for most clients, juxtaposed with the relatively low tax brackets of the TCJA, it may be time to convert from a Traditional IRA to a Roth. In converting, there will be a tax due, however this can all be eaten up with either a net operating loss or a relatively small tax bill.
IASB mulls changes in group accounting
The International Accounting Standards Board is looking into the standards for consolidated financial statements, or group accounting.
IFAC endorses international sustainability standard-setting board
The International Federation of Accountants reiterated its call this week for an international sustainability standards board under the purview of the International Financial
2020 year-end tax tips: What we do know and what we should know
For accounting and tax firms, as well as the client businesses they advise, it’s been a year like no other.
Student-loan debt: Tax and other considerations
The coronavirus pandemic has renewed focus on the crisis of student-loan debt. Here’s a look at the student-loan burden in the US, programs designed to assist borrowers with repayment and debt-forgiveness issues.
The Tax Adviser
Not-for-profit tax developments
Several major tax changes have occurred in the past few years, and many of them affect not-for-profit organizations, sometimes in surprising ways.