Tag: CPA

Dynamic Ranges and the OFFSET FUNCTION

In our January and February 2019 newsletters we discussed the OFFSET function. Recall that the syntax of the OFFSET function is OFFSET(cell  reference, rows moved, columns moved,height,width). As we explained in our last two articles, we begin in the cell reference and based on the rows...


Will Private Company GAAP Alternatives Soon Be Made Available to Nonprofits?

The Financial Accounting Standards Board (FASB) has proposed that two GAAP alternatives currently available only to nonpublic business entities also be made available to nonprofit organizations.   The accounting alternatives were originally codified into GAAP through ASU 2014-02 and ASU...


IRS Issues Form for Base Erosion and Anti-Abuse Tax

The Tax Cuts and Jobs Act added a new provision to the Internal Revenue Code called the “Base Erosion and Anti-abuse Tax” (BEAT). The IRS recently issued Form 8991, Tax on Base Erosion Payments of Taxpayers with Substantial Gross Receipts, which taxpayers will use to report their tax liability...


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...


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. ...


The Real Cost of the CPA Exam

What does it really cost to take the CPA Exam? The answer: it depends on where you live. CPA licensure is conducted at the state level, which gives each state the ability to decide the fees associated with taking the CPA Exam. There is no single, definitive amount that each candidate pays...


How Do International Students Apply For The CPA Exam?

The Certified Public Accounting (CPA) designation is one of the most in-demand accounting designations in the U.S., according to the 2018 Robert Half Salary Guide. As an international student, you may be eligible to become a licensed U.S. CPA under certain Board of Accountancy requirements. The...


The Best Side Hustles for Accountants

According to data gathered by PayScale and GlassDoor, the average salary for a CPA in the United States is anywhere between $64,000 and $67,000 a year. All things considered, this is a comfortable and livable income for many individuals, but there’s definitely room for improvement. Many...


5 Ways to Stand Out In Your First Year On the Job

You’ve passed the CPA exam and landed your first job as an accounting professional! It can be tempting to assume the hard part is behind you now that you’ve successfully passed the CPA exam. The truth is that the working world is full of obstacles that need to be carefully navigated. As you...


8 Networking Tips for CPAs

If you poll CPAs on how they found their current position, you would find it’s often through networking, both informal and formal. Making personal connections often leads to professional opportunities in the accounting world. When searching for a role as a Certified Public Accountant (CPA),...


Recap: A Day in the Life of a Mom, Wife, YouTuber and Future CPA

As a full-time accountant and CPA candidate, Sara Marie spends most of her days juggling a heavy workload and a study schedule. She’s also working to inspire other accounting students through her YouTube channel and Instagram platform. After failing FAR last fall, Sara took to YouTube to share her...


Scholarship Winner Chase Ritenauer Uses His CPA Credential to Serve His Community as Mayor

As the mayor of the 10th largest city in Ohio, Chase Ritenauer spends his days contributing to the community that raised him. He’s also still waiting on that cup of coffee from Peter Olinto. Ritenauer, a 2018 recipient of the Newton D. Becker Scholarship, has served as Lorain’s mayor since he...


Opportunity Zone Investments

The Tax Cuts and Jobs Act created a new investment our clients need to be aware of. Referred to as the “Opportunity Zone” program, this new investment vehicle provides spectacular tax benefits for those who can take advantage of its features. This article explores the key aspects of investing in...


What PCAOB Inspectors Will Look for in 2019 Audits

The Public Company Accounting Oversight Board (PCAOB) issues an annual outlook on the potential focus areas for inspections of audits of issuers and broker dealers. The following areas will be emphasized in 2019: Recurring deficiencies related to auditor independence suggest that firms do not have...


New Treasury Regulations Usher in the New Year

The Treasury Department issued a plethora of guidance in the international tax arena during the latter part of 2018 to address changes made by the Tax Cuts and Jobs Act (TCJA). This article provides a brief summary of the proposed regulations for the transition tax, global intangible low-taxed...


5 Tips for Surviving Busy Season

It’s that time again! Every tax accountant and auditor understands the stress and exhaustion of busy season. While we can’t lighten your workload, we can offer a few tips to help you survive it.  Inform your non-accounting family and friends. Your loved ones who aren’t a part of the...


The AICPA’s Update to Data Analytics in AUD

On January 9, 2019, the AICPA released new CPA Exam Blueprints effective July 1, 2019. Although the new blueprints are not effective until July 2019, the AICPA emphasized that all of the revisions included in this revision of the blueprint expand upon the existing blueprint, but do not significantly...


Your 4-Step Guide to Becoming a CPA

At Becker, we aim to demystify the process of becoming a CPA and help candidates through every step of the CPA licensure process. Below, we’ve put together an easy, four-step guide on how to become a CPA. 1. Check Your State’s CPA Licensing Requirements While the Uniform Certified Public...