Accounting
Top stories summarized by our editors
11/20/2017

Poor communication costs companies money, writes Dean Brenner, because focus, morale and innovation can suffer. Individual communication matters, but improving that across an organization requires a high-level understanding of communications challenges and the skills required to meet them, Brenner writes.

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Forbes
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Dean Brenner
11/20/2017

The Financial Accounting Standards Board has combined guidance for income statements and comprehensive income into one topic in its Accounting Standards Codification. The change is designed to simplify the codification for users.

11/20/2017

The version of the tax-reform bill passed by the Senate Finance Committee holds several more changes affecting individuals and businesses.

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Senate Finance Committee, Senate
11/20/2017

Do you perform agreed-upon procedures engagements? Check out this proposed attestation standard. It's more flexible.

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AICPA Insights
11/20/2017

The rise of the internet devastated newspaper journalists, and self-driving vehicles might threaten truck drivers' jobs. Will blockchain technology have a similar harmful effect on CPAs, or will it merely become a useful tool for accountants?

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Blockchain
11/20/2017

The Federal Communications Commission has adopted rules that make it easier for phone companies to prevent calls that are likely to be scams from reaching customers. In addition, a few commonsense tips can help people protect themselves from these scams.

11/20/2017

Ferrera was CFO at DigitalGlobe.

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Cardtronics
11/20/2017

Efforts to reform the tax code could affect charitable giving strategies, but it is still important to have an understanding of the current rules. This article reviews topics such as the timing of deductions and qualified charitable distributions for clients older than 70½. PFP/PFS Section members, see chapter 5 of The Adviser's Guide to Financial and Estate Planning for more charitable giving strategies and planning ideas.

11/20/2017

Most Americans don't review their Medicare options on a yearly basis despite the potential for cost savings, according to a survey. Respondents were more likely to comparison shop for groceries and auto insurance than they were for Medicare coverage. Start the conversation with your clients about Medicare open enrollment with this client letter (available to PFP/PFS Section members).

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CNBC
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Medicare
11/20/2017

Required minimum distributions can cause problems for clients by pushing them into higher tax brackets and affecting Medicare Parts B and D premiums. However, advisers can help clients reduce RMDs by employing several strategies, such as withdrawing money from accounts before clients reach 70½ and performing Roth conversions. Check out Broadridge Advisor (FREE with PFP/PFS Section membership), which contains several presentation pieces for talking with clients about required minimum distributions.

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Kiplinger
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RMDs