Month: April 2019

Future CPA Kristen Cournane Shares Her Top 3 CPA Study Tips

One of the most difficult aspects of studying for the CPA Exam is finding which methods work best for you individually. One size doesn’t fit all and everyone’s learning style is different! Thankfully, it’s possible to learn a few things from candidates who have already taken the exam. ...


My CPA Exam Success Story: From Opera Singer to Certified Public Accountant

Angela Zullinger has trained as a professional musician since the age of 15, working as a freelance opera singer, pianist and music teacher. After starting a family, Angela reconsidered her work in the music industry and transitioned her efforts to accounting, starting with an online master’s...


5 CPA Exam Challenges and How to Overcome Them

Upon first glance, the CPA Exam can seem daunting. The process itself is long and if it’s not done right, can be very costly. According to data released by the AICPA, the 2019 CPA Exam pass rates show that the highest cumulative pass rates for any section is just under 60%.   While that...


Accounting for Leasehold Improvements and Lease Incentives Under New Rules

Lease incentives are any payment made to, or on behalf of, a lessee to fund items that would otherwise be a lessee’s expense. This includes reimbursement for moving expenses or assumption of a lessee’s pre-existing lease.   Lease incentives reduce lease payments used for lease...


IRS Publishes GILTI Tax Forms

The IRS has published both of the forms U.S. shareholders need to compute amounts tied to global intangible low-taxed income (GILTI). The GILTI provisions were enacted as part of the Tax Cuts and Jobs Act (TCJA) and apply to all U.S. persons that own at least 10 percent of a foreign corporation. ...