We all know that “fake news” has become a buzzword in the global and national political landscapes, but is it possible that the concept could affect financial information as well as people’s understanding of basic economic principles? To answer this question, CPA Conversations spoke with Dr. Sean Stein Smith, CPA, CMA, CGMA, an assistant professor of professional practice at Rutgers University in Camden, N.J.
Recent legislation has eliminated, or greatly curtailed, who can use the file-and-suspend Social Security benefit claiming strategy, and who can file a restricted application for spousal benefits. In this episode of CPA Conversations, Laurie Siebert, CPA, explains what members should know about these changes to claiming Social Security benefits and how they can better advise clients in retirement planning.
Many college seniors have accepted their first accounting job with a firm, but they won’t begin working full-time until summer or fall of 2017. So what should they do now to prepare for the first step of their accounting career journey? Lisa Bilich, CPA, a tax senior with E&Y in Pittsburgh, provides her wisdom for rookie accountants looking to start on the right foot.
Civil tax failures that elevate to criminal tax exposure is a scary thought for CPA practitioners. Patrick J. McCormick, of Kulzer & DiPadova, a law firm in Haddonfield, N.J., discusses the ways this can happen, common threads of tax crimes, and tips for CPAs to protect their clients from running afoul of tax laws.