IRS offers automatic method to change accounting for new revenue recognition standard

A new revenue procedure makes it easier for companies to conform with FASB’s revenue recognition standard.

via Jay-Z’s attorneys say SEC subpoena is weapon in ‘celebrity hunt’:

Lawyers for the hip-hop mogul don’t want him to testify in a probe of a firm he did business with more than a decade ago.

3 time-saving tips to enhance your audit workflow: There are ways to save time while ensuring you are producing the highest quality audit and providing excellent client service. Time-saving tips that will enhance your audit workflow (June 12, 2018). | Manual processing of reconciliations is a critical audit matter: As the deadline approaches to comply with the new auditing standard adopted last year by the PCAOB, auditors are girding to disclose CAMs for the first time in their reports. | AuditFile offers report writer add-on for Word: The audit automation software provider has introduced a free tool for Microsoft Office users.

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HR’s culture shift: Tackling workplace sexual harassment while navigating legal definitions

Human resources professionals are looking to fight bad behavior driven by upper management.

Source: Does Silicon Valley’s ‘bro culture’ pervade IT elsewhere?:

Many workers in the technology departments across a range of industries describe behavior that may fall short of a legal definition of sexual harassment, but is still disturbing and could contribute to low employee morale and high turnover.

Sexual harassment in the professional workplace: behind the research: An industry-wide study of the impact and implications of sexual harassment reveals striking implications for the modern workplace and a path forward.

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Jeffrey B. Travis is currently practicing as an accountant in the Chicagoland area specializing in health care professionals, restaurants, real estate and construction, and manufacturing companies. The majority of his clients are physicians. Since the majority of Jeff’s clients are also “start-up” companies, his expertise in accounting software, consulting and taxes makes his services an excellent choice for any entrepreneur.

His career in public accounting started at a mid-size CPA firm. After ten years working for another mid-size suburban CPA firm, Jeffrey B. Travis started his own firm in July 1995. At this time, Jeff’s interpersonal skills of presenting tax and accounting seminars at many hospitals in Chicago in front of resident, fellow and attending physicians blossomed into a practice niche for individual and business clients throughout the United States as many of clients moved out of the area and began their careers in other states.

Because of this, Jeff’s knowledge of taxes of a variety of states is valuable to understand the tax ramifications of moving to a different state, including the US territories.

Jeffrey B. Travis is a graduate of Northern Illinois University with a B A in Accountancy. He was a member of the Sigma Alpha Epsilon fraternity. He is the son of an immigrant father and his mother was born in Chicago as well. Jeffrey B. Travis lives in Chicago with his wife and four children.

Links:

Hashtags:

  • #jefftravis
  • #jefftraviscpa
  • #jeffreybtravis
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  • #deerfieldaccountant
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6 myths about tax refunds

JEFFREY B. TRAVIS

IRS warns of new scam involving erroneous tax refunds. | The Internal Revenue Service warned taxpayers Tuesday to beware of a quickly proliferating scam involving erroneous tax refunds being deposited in their bank accounts, after a data breach on their tax preparers’ computers gives them access to sensitive client information.

IRS didn’t notify 458,658 identity theft victims. | The Internal Revenue Service failed to tell nearly half a million victims of identity theft last year their information was being used by others for employment purposes, according to a new report, which attributed the failure to a computer programming error.

 

New Concur tool tracks travel, creates line item expense

Smart Drive integrates with the company’s mobile app for automatic mileage reimbursement.

Helping small business clients set up the right structure:

CorpNet CEO Nellie Akalp discusses how accountants can advise their business clients on the proper entity to use for legal and tax purposes.

Estate planning deconstructed

  • How to manage wealth after death in light of President Trump’s proposed reforms.
  • Juicy deductions that come with owning a car and a smart portfolio trick to consider during this year’s monster bull market.
  • Last-minute tax strategies before Dec. 31.
  • Overview of prevalent tax scams.
  • Highlights from tax bloggers.
  • Improved client service and collaboration via technology.
  • Clients expectations from tax professionals and partners.
  • What advisers need to know about employing caregivers due to legislative and regulatory changes, according to experts.

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Tax Strategy Scan