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FEBRUARY Features
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The CPA
Journal Millennium Series
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| Trends
in Taxation
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By James A.
Woehlke
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It is inevitable to some that
the United States will adopt a new, fairer, Federal tax
system. And it won't necessarily be a flat tax on income or a
national sales tax. Here's a look at what it might be.(Article)
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| Getting Started
with CPA ElderCare Services
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By George
A. Lewis
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ElderCare Services
position the CPA practitioner at the hub of a variety of
services that cater to the financial, medical, and legal needs
of members of the growing U.S. elderly population. Making the
leap to ElderCare Services requires commitment and investment
but can be lucrative.(Article)
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| Benefits
and Rewards of the 'New' Home Office
Deduction
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By Alan R.
Sumutka and James Volpi
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Changes enacted by the
Taxpayer Relief Act of 1997 mean that qualifying for the home
office deduction is easier than ever--but the gray areas of
how and when to claim it have only gotten murkier. The
advantages, however, are substantial and worth the effort of
planning.(Article)
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| Twenty Questions on Protecting Business and
Family Assets
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By Peter A. Karl,
III
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As the U.S. population
ages and more and more taxpayers retire, issues of estate
planning and wealth preservation take on an increased
importance. If used early and prudently, wills trusts, and
other estate planning instruments can protect business and
family assets in old age and after death.(Article)
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Ethics Releases Address Independence
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| By Laura Ellis
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The trend of large
financial services companies acquiring CPA firms continues,
creating ethical problems that require new guidance.
Practitioners should be aware of the recent AICPA releases and
interpretations and their possible implications.(Article)
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| Accountants and Financial Planning:
Structuring for Success
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By Thomas R. Manisero and Fred N. Knopf
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The profession has been
eyeing the prospect of commission-driven financial planning
practices; the barriers are coming down. The thoughtful CPA
will proceed with caution and put the interests of the client
first and foremost.(Article)
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