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Art of Accounting: My 600th and final column

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Enjoy complimentary access to top ideas and insights — selected by our editors.

This is my 600th weekly column being posted here. I am very grateful that I haven’t missed a week and that the ideas came, and the columns flowed. The first column was supposed to be one of about two dozen autobiographical experiences with takeaways for readers. I wanted to write what I’ve done with some sort of takeaway that would enable me to pay back my luck and success.

I wrote a dozen short columns and sent four or five to editors I knew with a memo of what they were about and how I wanted the written style to look like. I “developed” a particular writing style in a way that I thought would convey my feelings at the time of the event I wrote about. I gave this a lot of thought and even researched oddball writing styles to see if I was doing something totally off the wall. Specifically, I looked at William Faulkner and Gertrude Stein, but there were many others. With the confidence I was right, I sent them with a “demand” that I only wanted them published in that style. They all turned me down, and these were editors I knew and was writing for.

I was leaving an Accounting Today sponsored conference in 2013 with a few people when I was introduced to Michael Cohn, now the editor-in-chief of the web edition of Accounting Today. I gave him my spiel, and he said he would look at what I wrote. After I sent him what I wrote, he edited two of them into a more conventional style and sent me a draft of what he wanted to publish. Actually it read better with his changes so I gave the OK. 

Since then, I have collaborated with Michael on 599 other columns, requiring regular contact. He is easy to work with, smart and a good editor/writer, and we never had any conflicts. Of my original 24 columns, about a dozen were published, with the others pushed aside for more relevant or timely topics, and the ideas kept coming. I have an inventory of over 200 column ideas (on a spreadsheet of course) which all seemed great when I thought of them, but newer ideas kept coming up. My inventory has many great ideas, but the ideas I used were better. Occasionally Daniel Hood picked up some columns for the monthly print edition and also occasionally some went viral on LinkedIn. But I seem to have developed steady followers who also email me comments or ideas or who call me with specific practice management issues they have.

Before these 600 columns, I posted 250 weekly answers to questions colleagues asked me on www.CPAtrendlines.com that Rick Telberg edited, and 202 of these were made into two books Rick published. Also, my first 156 columns here were published in a book, also by CPA Trendlines, and about 100 of the columns here were included in my Memoirs of a CPA book that I self-published at amazon.com. I also used many of these 850 columns with practice management takeaways in my over 350 CPE and MAP programs for CPAs. Additionally, my Art of Accounting columns were awarded first place for a continuing series category by Folio Magazine in 2018, beating out PwC, which came in second. 

In addition to these 850 MAP columns, I have written and posted 1,175 blogs at www.withum.com/partners-network-blog. The focus of those blogs is to address issues my clients have. That blog is in its 13th year and during the first eight and a half years I posted twice a week and then switched to once a week. I haven’t missed a week there either. I also used that blog to write about nonprofessional interests I have, trying to share things I enjoy with the readers. I am also in my sixth year of writing a weekly Torah lesson that I email to over 550 friends. In addition to these weekly postings, I write a fair amount of technical and other articles and have been teaching a course at either Fairleigh Dickinson University or Baruch College continuously for the last 10 years. And I maintain some client responsibilities. I have been pretty busy.

I like writing and like having to come up with a topic each week, and I like how I examine and dissect everything I come across looking for something fresh to write about. However, things are changing for me and time is getting short, and I have other projects I want to pursue, including a series of two-minute videos for YouTube and Instagram that are easily accessible on mobile devices and new age media, a series of mini e-books, and some topics I want to research and write about. 

Posting a weekly column for 16 and a half years here and on CPA Trendlines provided a platform for me to be influential in the profession and to help move the careers forward of many starting their careers in public accounting. That was a personal honor I am very appreciative and proud of.

Something has to give and hitting No. 600 here seems like a good time to move on to some new things. I’ll still be around and, if something strikes me where I want to offer or inject my opinion, you will be able to read it here. But for now, I will take a halt to delve into some new projects.

I thank you for reading these columns and the many thousands that contacted me with whom I interacted one-on-one these 11 and a half years and five years before them when I wrote the Q&As. You can also search the AccountingToday.com database and as long as you put “Mendlowitz+topic” you should be able to find some columns I posted about that topic. Try to be as specific as possible and you should be able to get something that would help you. 

I am not going away. I am still at Withum and still at my laptop and will reply to everyone who emails me with a practice management concern they have. I will either email you something I posted or included in a speech handout, will call you, or will set up a short Zoom meeting to discuss your issue. I’ve been doing this my entire career and do not intend to stop now.

Thank you for reading these columns and being a part of my life the last 11 and a half years and a big thank you to Michael Cohn who has become a good friend.

All the best,

Ed

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Accounting

Total college enrollment rose 3.2%

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Total postsecondary spring enrollment grew 3.2% year-over-year, according to a report.

The National Student Clearinghouse Research Center published the latest edition of its Current Term Enrollment Estimates series, which provides final enrollment estimates for the fall and spring terms.

The report found that undergraduate enrollment grew 3.5% and reached 15.3 million students, but remains below pre-pandemic levels (378,000 less students). Graduate enrollment also increased to 7.2%, higher than in 2020 (209,000 more students).

Graduation photo

(Read more: Undergraduate accounting enrollment rose 12%)

Community colleges saw the largest growth in enrollment (5.4%), and enrollment increased for all undergraduate credential types. Bachelor’s and associate programs grew 2.1% and 6.3%, respectively, but remain below pre-pandemic levels. 

Most ethnoracial groups saw increases in enrollment this spring, with Black and multiracial undergraduate students seeing the largest growth (10.3% and 8.5%, respectively). The number of undergraduate students in their twenties also increased. Enrollment of students between the ages of 21 and 24 grew 3.2%, and enrollment for students between 25 and 29 grew 5.9%.

For the third consecutive year, high vocational public two-years had substantial growth in enrollment, increasing 11.7% from 2023 to 2024. Enrollment at these trade-focused institutions have increased nearly 20% since pre-pandemic levels.

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Accounting

Interim guidance from the IRS simplifies corporate AMT

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Jordan Vonderhaar/Photographer: Jordan Vonderhaar/

The Internal Revenue Service has released Notice 2025-27, which provides interim guidance on an optional simplified method for determining an applicable corporation for the corporate alternative minimum tax.

The Inflation Reduction Act of 2022 amended Sec. 55 to impose the CAMT based on the “adjusted financial statement income” of an “applicable corporation” for taxable years beginning in 2023. 

Among other details, proposed regs provide that “applicable corporation” means any corporation (other than an S corp, a regulated investment company or a REIT) that meets either of two average annual AFSI tests depending on financial statement net operating losses for three taxable years and whether the corporation is a member of a foreign-parented multinational group.

Prior to the publication of any final regulations relating to the CAMT, the Treasury and the IRS will issue a notice of proposed rulemaking. Notice 2025-27 will be in IRB: 2025-26, dated June 23.

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Accounting

In the blogs: Whiplash | Accounting Today

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Conquering tariffs; bracing for notices; FBAR penalty timing; and other highlights from our favorite tax bloggers.

Whiplash

Number-crunching

  • Canopy (https://www.getcanopy.com/blog): “7-Figure Firm, 4-Hour Workweek: 5 Questions to Ask Yourself.”
  • The National Association of Tax Professionals (https://blog.natptax.com/): This week’s “You Make the Call” looks at Sarah, a U.S. citizen who moved to London for work in 2024. On May 15, 2025, it hit her that she forgot to file her 2024 U.S. return. Was she required to file her 2024 taxes by April 15?
  • Taxable Talk (http://www.taxabletalk.com/): Anteing up with Uncle Sam: The World Series of Poker is back, and one major change this year involves players from Russia and Hungary. After suspension of tax treaties with those nations, players will have 30% of winnings withheld. 
  • Parametric (https://www.parametricportfolio.com/blog): Direct indexing seems to come with a common misunderstanding: On the performance statement, conflating the value of harvested losses with returns. 

Problems brewing

  • Taxing Subjects (https://www.drakesoftware.com/blog): No chill is chillier than the client’s at the mailbox when an IRS notice appears out of the blue. How you can educate — and warn — them about the various notices everybody’s that favorite agency might send.
  • Dean Dorton (https://deandorton.com/insights/): Perhaps because they can be founded on trust, your nonprofit clients are especially vulnerable to fraud.
  • Global Taxes (https://www.globaltaxes.com/blog.php): When it’s your time, it’s your time: The clock starts on FBAR penalties when the tax forms are due and not when penalties are assessed — and even the death of the taxpayer doesn’t extend the deadline.
  • TaxConnex (https://www.taxconnex.com/blog-): Your e-commerce clients can muck up sales tax obligations in many ways. How some of the seeds of trouble might hide in their own billing system.
  • Sovos (https://sovos.com/blog/): What’s up with the five states that don’t have a sales tax?
  • Taxjar (https://www.taxjar.com/resources/blog): Humans are still needed to handle sales tax complexity, with real-world examples.
  • Wiss (https://wiss.com/insights/read/): A business — and business-advising — success story from a California chicken eatery.

Almost half done

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