Outlook articles from June 1994

Outlook archives from June 1994

Do you know your professional standards for litigation services? (includes related article)
June 22, 1994... Occasionally, we all need to be reminded of the professional standards that govern our work. Outlook will periodically present a review of various standards, and we start with those affecting litigation consulting services. Please let me know...

Budget: a tool for navigating your business.
June 22, 1994... Contrary to what many in management might think, a budget is a management tool, not an exercise in arithmetic. So, it follows that the budget does not start with a spreadsheet, but with a strategic plan, something that every organization should...

Tort reform: ensuring a fair system. (includes related article)
June 22, 1994... "I cannot tell a lie. I chopped down the cherry tree..." You'd be hard pressed to find many Americans over 10 years old who are not familiar with the legend about our country's first president. Whether or not George Washington chopped down a...

Centering on the common client: the agreement between the Society and the California Bankers Association on third-party use of audited statements. (California Society of Certified Public Accountants)(includes bankers prototype letter)
June 22, 1994... In August 1992, the California Supreme Court, in Bily v. Arthur Young, clarified when an auditor can be sued by a nonclient third party who alleges reliance on an audit. The Supreme Court held that if the auditor is aware of the third party's...

The IRS tax collection controversy process. (Federal Taxes)
June 22, 1994... Perhaps no other area of tax practice calls upon so many of a CPA's skills as the Internal Revenue Service's tax collection controversy process. This is a situation of great financial distress for the client. When the need for your Involvement...

Travel & entertainment expenses. (includes related article)
June 22, 1994... MANAGING FOR MAXIMUM GAIN New IRS guidelines have significantly changed the tax ramifications of travel and entertainment expenses. If you are a CPA in public practice, a firm partner or a CPA in industry, a review of the new tax code will...

Is busy season changing again? (Practice Management & Personnel)
June 22, 1994... "Seasonality is an old problem that was exacerbated by the Tax Reform Act of 1986." This is the opening statement of the AICPA Management of an Accounting Practice Committee's booklet Seasonality, Practitioners Suggestion for Managing Workload...

California finally takes worldwide unitary tax to the bank. (California Taxes)
June 22, 1994... For as long as I can recall, California's worldwide combined reporting approach has been a lightening rod for controversy. Segments of the business community have consistently resisted California's corporate tax scheme. The challengers have...