By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 1, 2026 | 33-minute read TL;DR — The Short Answer Fair value accounting training should teach staff to understand why a valuation represents an ASC 820 exit price—not simply accept a specialist’s number and label it
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Tax Advisory Archives - Page 3 of 5 - SkillAbility
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 Stock compensation accounting training should teach staff to follow each award from legal terms to financial statement impact—not treat ASC 718 as “fair value ÷ vesting
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting FirmsLast updated: August 31, 2026 | 37-minute read TL;DR — The Short Answer Foreign currency accounting training should teach staff to follow the currency logic from transaction denomination to functional currency to reporting currency—not treat every exchange-rate difference as the
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 31, 2026 | 35-minute read TL;DR — The Short Answer Business combination accounting training should teach staff to reconstruct the acquired business at the acquisition date—not simply book “purchase price minus net assets = goodwill.” A
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 31, 2026 | 34-minute read TL;DR — The Short Answer Income tax provision training should teach staff to reconcile book income to taxable income, current tax, deferred tax, effective tax rate, and disclosure—not treat tax expense
25 Aug
R&D Tax Credit Training for Accountants: Teach Staff to Build Evidence Before Calculating the Credit
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting FirmsLast updated: August 25, 2026 | 40-minute read TL;DR — The Short Answer R&D tax credit training should teach staff to prove qualified research by business component before they total wages, supplies, contract research, or calculate Form 6765. A review-ready
25 Aug
IRS Tax Notice Response Training for Accounting Staff: From Notice Intake to Documented Resolution
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 25, 2026 | 36-minute read TL;DR — The Short Answer IRS tax notice response training should teach accounting staff to protect the taxpayer’s procedural rights while rebuilding the IRS issue from source evidence—not simply draft a
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 25, 2026 | 38-minute read TL;DR — The Short Answer Gift tax return training should teach accountants to document the transfer—not merely compare a gift with the annual exclusion. A review-ready Form 709 preparer identifies the
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 24, 2026 | 35-minute read TL;DR — The Short Answer Estate tax return training should teach accountants to prove what was included in the gross estate, why each asset was valued the way it was, what
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 24, 2026 | 35-minute read TL;DR — The Short Answer Fiduciary income tax training should teach staff to determine who is taxed on each dollar of income—not simply populate Form 1041 and copy numbers to Schedule
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