Journal of Accountancy

• Proposal would clarify exception to client confidentiality rule

  Under a proposal issued by the AICPA Professional Ethics Executive Committee, certain reviews of a tax practice would be explicitly included in exceptions to AICPA Professional Standards client information disclosure rules.

• A new playing field for business

  The Supreme Court’s decision on sales tax collection could give smaller companies that rely on in-store sales a better chance to compete with virtual retailers.

• GASB addresses interest cost incurred before a construction period ends

  State and local governments will provide new information to financial statement users under a standard GASB issued that establishes accounting rules for accounting for interest cost incurred before the end of a construction period.

• FASB clarifies accounting for grants and contributions

  The ASU seeks to simplify accounting for grants and similar contracts awarded by governments to not-for-profits.

• Supreme Court overturns Quill’s physical presence requirement

  The U.S. Supreme Court on Thursday held that states can assert nexus for sales and use tax purposes without requiring a seller’s physical presence in the state.

• News quiz: Hiring and trade on finance leaders’ minds

  The quarterly Business and Industry Economic Outlook Survey prompted a couple of news reports in the JofA in recent weeks. One focused on plans for hiring, while the other looked at concerns about trade.

• FASB simplifies accounting for share-based payments to nonemployees

  FASB released an Accounting Standards Update (ASU) designed to improve the financial reporting for share-based payments issued to nonemployees for goods or services.

• SEC unveils goals for next 4 years

  The three goals' aim is to help the commission improve its ability to react to and employ new technologies.

• How to improve workflow to achieve operational excellence

  Process improvements in three key areas can improve workflow and provide finance with more time for analysis and advisory duties.

• AICPA report: Seniors increasingly targeted for investment fraud

  Scams aiming to reach retirement accounts are becoming progressively more sophisticated.

• Tony Hawk: Accountants help make dreams become reality

  Skateboarding legend Tony Hawk credited his accountants with making his ventures successful and shared lessons he learned from being an entrepreneur.

• Disguised-sale partnership regs. withdrawn

  The IRS announced that it was withdrawing temporary regulations on the treatment of partnership liabilities for disguised-sale purposes and proposing to reinstate the old rules.

• AICPA advocates for IRS tax guidance priorities

  The AICPA sent a letter to the IRS with recommendations for items of tax guidance that should be priorities for the Service to issue from July 1, 2018, to June 30, 2019.

• Why and how to create great content at work

  Creating content can be a great way to make a name for yourself on the job. CPA and blogger Chris Wittich shares his best advice for getting started.

• Getting along with different personalities at work

  Learn about each group’s preferences for collaboration, communication, and idea generation to improve relationships with your co-workers.