ATD Solutions, L.L.C.

The Confirmation Process

Here’s a summary of the accounts receivable confirmation process:
1.  Obtain an aged trial balance of accounts and reconcile it to the general ledger.
2.  Decide on a selection method (random-number, systematic or haphazard), calculate the desired sample size based on risk
and materiality at the assertion level.
3.  Select accounts for confirmation preparation and decide on positive or negative requests.
4.  Prepare confirmations (or supervise client preparation).

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All eyes and ears may be on PLI’s SEC Speaks conference later this week, watching for follow-on remarks by SEC Chief Accountant Jim Kroeker, SEC Chairman Mary L. Schapiro, or other SEC officials in response to this week’s reports that the SEC may be moving closer to reaching a decision on the use of IFRS by U.S. companies.

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Wed, 22 Feb 2012 03:13:29 +0000

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Can Non-Tax Court Cases Impact State Tax Nexus?

Over at the Bloomberg BNA State Tax Blog, a recent post entitled, "State Tax Snapshot: The Most Important Nexus Cases You’ve Never Heard Of," covered some court cases that you may not be aware of. 

The blog post discusses non-tax court cases that may be applied to state tax nexus situations, and determining if and when a company has nexus with a state. 

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Wed, 22 Feb 2012 00:03:00 +0000

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IC Opportunities Event – A Forum for Industry Innovation and Change

By Deanna C. White 

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Tue, 21 Feb 2012 22:00:37 +0000

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Seven Tips to Successful Introductions

By Ken Montgomery,manager, Wealth Management Academy®, 1st Global

 

Many CPAs think that they must market outside of their existing client base. However, within your existing base is usually enough tax, tax planning, and ultimately wealth management candidates, to effectively expand your practice for years.

 

At 1st Global, we advise focusing on existing clients first. They already trust your advice.

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Tue, 21 Feb 2012 21:00:23 +0000