By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 4, 2026 | 47-minute read TL;DR — The Short Answer FBAR training should teach tax staff to build the complete foreign-account reporting population before they answer Schedule B or open FinCEN Form 114. A review-ready staff
Welcome to SkillAbility
Tax Advisory Archives - Page 2 of 5 - SkillAbility
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 4, 2026 | 41-minute read TL;DR — The Short Answer Form 5472 training should teach tax staff to prove the reporting corporation, related party, and reportable-transaction population before entering a single amount on Part IV. A
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 4, 2026 | 43-minute read TL;DR — The Short Answer Form 5471 training should teach tax staff to build the filing architecture before they prepare the schedules. The return starts with ownership, attribution, filer category, corporation
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 3, 2026 | 36-minute read TL;DR — The Short Answer ASC 250 training should teach staff to classify the change before touching the comparative financial statements. The same new fact can produce retrospective application, prospective accounting,
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 3, 2026 | 34-minute read TL;DR — The Short Answer Related-party accounting training should teach staff to build a complete relationship-to-transaction-to-disclosure evidence chain—not wait until year-end to ask whether any vendors happen to be owned by
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 3, 2026 | 35-minute read TL;DR — The Short Answer Subsequent events training should teach staff to ask whether new information reveals a condition that already existed at year-end—not simply whether something important happened before the
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 2, 2026 | 34-minute read TL;DR — The Short Answer Contingency accounting training should teach staff to build a documented probability-and-estimation conclusion from the underlying facts—not turn “probable, reasonably possible, remote” into three labels pasted onto
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 2, 2026 | 38-minute read TL;DR — The Short Answer Asset impairment training should teach staff to trace an ASC 360 write-down from the trigger event through the asset group, undiscounted recoverability test, fair value, allocation,
02 Sep
Goodwill Impairment Training for Accountants: Build ASC 350 Testing and Documentation Competence
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 2, 2026 | 34-minute read TL;DR — The Short Answer Goodwill impairment training should teach accountants to prove whether a reporting unit’s goodwill remains recoverable—not treat the annual impairment test as a valuation report that accounting
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 1, 2026 | 34-minute read TL;DR — The Short Answer CECL training should teach accountants to build an allowance from the economics of collectibility—not roll last year’s percentage forward and call it expected credit loss. A
© 2026 | SkillAbility | All Rights Reserved. | Developed & Digital Marketing By Veom Infotech