Going Concern

APRIL 21, 2022

. “In my view, the future of the CPA profession is at risk,” writes Yigal Rechtman, CPA, CFE, CITP, CISM in a letter to the editor published by The CPA Journal. For example, every startup would benefit immensely from having a CPA among its founders. Can we blame the pandemic for some of that?

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ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

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CPA Practice

AUGUST 9, 2023

AuditClub, the Audit Service Center for CPA firms and companies, has launched a new alliance model designed to connect tax and non-attest accountants with AuditClub One assurance professionals to improve service delivery options to clients. “In As a result, Lighthouse has become a one-stop shop for all accounting related services.”

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Going Concern

OCTOBER 25, 2022

It’s 2022 and accounting firms are proudly buying up “real estate” in the metaverse, putting out self-congratulatory press releases about it like it’s supposed to make us think they’re ahead of the curve on technology. Best of all, firms can introduce loot boxes. THE FUTURE! Clients will love it!

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CPA Practice

AUGUST 30, 2023

How to fix the crumbing talent pipeline in the accounting profession is a topic on the minds of many people these days. And it popped up at a session during the first day of the 2023 Unique CPA Conference, “Bridging the Gap,” in the Chicago suburb of Rosemont, IL, on Tuesday. You don’t have to be a CPA. It’s not glamorous.

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CPA Practice

JUNE 27, 2023

As a tax and accounting professional, you will encounter clients who require guidance regarding investing in cryptocurrencies and digital assets. The goal is to help clients think through a game plan for best- and worst-case scenarios. By Sonia Dumas. Understand the liabilities and limitations Crypto investment is risky.

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Going Concern

MARCH 11, 2024

We’ll be doing an article shortly, in the meantime here are some quotes from INSIDE Public Accounting : Bob Cedergren, MNCPA board chair added, “I can tell you from my own experience, through conversations with colleagues throughout the country and the members of the MNCPA, that we have a significant shortage of CPAs.

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CPA Practice

AUGUST 7, 2023

The American Institute of CPAs (AICPA) and CPA.com are seeking applicants for the 2024 Startup Accelerator program, which promotes the growth of early-stage companies to help advance the accounting and finance ecosystem. Being part of the 2023 Accelerator program has been a game-changer for Audit Sight,” said T.C. 9 at 2 p.m.

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CPA Practice

JANUARY 17, 2023

State CPA Society Ne ws is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. Massachusetts: The Massachusetts Society of CPAs (MASSCPAs) wants members to prioritize their health this tax season. Shapiro’s first budget proposal.

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Going Concern

JUNE 2, 2022

Using direct indexing for charitable gifting (and for other things, too) is sort of like leveling up in a role-playing game (RPG)—a metaphor we’ll try not to wring completely dry by the end of this piece. In the first, we explored some fun ways CPAs can explain the tax advantages of direct indexing to their clients.

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Going Concern

OCTOBER 20, 2023

note: A reader sent in this thought-provoking essay on their experience as a CPA. In it the author covers their introduction to accounting, the impact the pandemic had on their goals, and the all too familiar feeling of watching your peers make buckets of money in other careers while you grind away in public. I loved the class.

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CPA Practice

JANUARY 31, 2024

By Lee Reams II The tax and accounting profession is undergoing a significant transformation as a wave of boomer partners leaving their posts ushers in the largest retirement exodus of our lifetime. The dual challenges of a talent shortage and increased demand have changed tax and accounting professionals’ roles entirely.

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CPA Practice

JANUARY 3, 2024

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The California Society of CPAs is hosting the Real Estate Virtual Conference on January 30, 2024. The cost is $400 for Society members is $400 with a nonmember cost of $490.

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CPA Practice

AUGUST 21, 2023

In the fast-paced and complex world of accounting, unexpected disruptions can pose severe threats to the continuity of operations. As stewards of financial integrity, CPAs bear the responsibility of preparing businesses for unforeseen challenges. But how does one combat the unpredictable? Source: Disaster Recovery Journal 8.

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Ryan Lazanis

AUGUST 2, 2023

In this article, you’re going to get a ton of inspiration plus a whole bunch of tips for picking amazing accounting firm names. Table of Contents How to Choose a CPA Firm Name? Choosing an accounting firm name is all about branding and how you want the outside world to perceive you. Let’s get right into it.

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CPA Practice

APRIL 15, 2024

Sangeeta Chhabra CPAs and finance professionals today understand the importance of transparency and collaboration; however, lack of uniformity acts as an obstacle to seamless coherence in data management processes. Barriers to AI adoption in accounting The accounting profession has historically had a culture where data plays a prominent role.

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Going Concern

JUNE 23, 2022

14 or 15 years ago I trolled Bill Sheridan of the Maryland Association of CPAs on Twitter about uncovering a weapons cache they’d stashed on CPA Island, a then-revolutionary virtual space in the game Second Life MACPA had set up for…accounting things. Back in 2008 CPA Island was the first (only?

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Going Concern

OCTOBER 31, 2022

The IRS is providing a new way for CPAs and others to make anonymous reports about third-party vendors who promote improper claims for the employee retention credit. Some organizations are getting REALLY desperate for accountants, we’ll take a look at one org drastically lowering their standards. It has to work.”

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CPA Practice

MARCH 21, 2023

has announced a strategic partnership with accounting leaders to help shape the future of the industry for firms and clients alike. Their expertise and experience will be invaluable in ensuring that Expensify stays at the forefront of the accounting industry and continues to lead the way.” Expensify, Inc. Denise Bailey, Elliot Davis.

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Going Concern

AUGUST 28, 2023

Accounting firms across the pond are ditching Zoom interviews, writes Sunday Times : Zoom calls became the norm for business meetings during the pandemic — but accountancy firms, among the biggest graduate recruiters, are going back to face-to-face interviews when hiring, saying it is easier to assess candidates’ characters.

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CPA Practice

NOVEMBER 7, 2023

As part of today’s launch, Black Ore also announced its flagship product, Tax Autopilot , which combines its proprietary AI technology with federal and state tax codes and regulations to simplify the tax preparation and review process for Certified Public Accountants (CPAs) and accounting firms.

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Going Concern

SEPTEMBER 15, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Happy National Leave Your Accountant the F**k Alone Day , everyone! The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, September 19, 2023, at 10:00 a.m.

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Going Concern

MAY 5, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. Pajamas forever!

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Summit CPA

FEBRUARY 29, 2024

As virtual CFO services got more popular, we had to up our SEO game. Many of the businesses we work with – CPAs, digital agency owners, law firms, cannabis retailers, transportation and logistics companies to name a few – are in a similar position.

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CPA Practice

SEPTEMBER 12, 2023

As many of us in the accounting profession have learned over the years, and especially in the current environment of talent scarcity, structuring a high-performing team in your firm is no easy feat. We know that the “Great Resignation” and the “Great Retirement” have thinned out the pools of accounting professionals.

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Going Concern

JUNE 12, 2023

Funny enough Reddit is completely down this morning so I can’t confirm r/accounting is MIA. KPMG on the UK economic forecast via The Guardian : A new report by the accountancy firm KPMG has found that the economy has enjoyed a better start to the year than it had thought, and is now expected to grow by 0.3%

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Going Concern

AUGUST 7, 2023

Good morning and welcome to another edition of the Monday Morning Accounting News Brief, a wrap-up of the stuff you missed over the weekend, some of the stuff we missed last week, and whatever went down on the other side of the world while we were sleeping on Sunday.

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CPA Practice

DECEMBER 12, 2023

Top 200 accounting firm REDW Advisors and CPAs added Salem, OR-based tax and accounting firm Grove, Mueller & Swank P.C. Therefore, we offer not just tax, accounting, and audit services, but a full suite of solutions to assist our clients throughout the lifecycles of their organizations and financial journeys.

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Going Concern

SEPTEMBER 29, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching. What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M.

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Going Concern

AUGUST 5, 2022

I was also struck with a sense of deja vu, it looked oddly similar to the Maryland Association of CPAs’ CPA Island in Second Life which existed a whole 15 years ago (when the PS3 was still new). All that to say, I was not initially impressed with this metaverse thing.

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MyIRSRelief

MAY 22, 2023

Certified Public Accountants (CPAs) are licensed professionals who have passed the Uniform CPA Exam and meet state education and experience requirements. Chicago taxpayers facing tax-related issues can benefit from the services of tax professionals such as CPAs, EAs, and tax attorneys.

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LSLCPAs

FEBRUARY 22, 2022

So, e-mail programs, word processors, utilities, web browsers, and games are applications. The post Apps that Integrate with QuickBooks Online appeared first on LSL CPAs. App is short for application, and an application program runs on your computer to address a particular function.

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Ryan Lazanis

NOVEMBER 17, 2022

Every accounting firm owner knows that customer relationship management (CRM) is essential to success. Fortunately, there’s a lot of excellent software available right now that will help you stay on top of your game. What is a CRM for Accountants? Why Do Accounting Firms Use a CRM? What is a CRM for Accountants?

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Going Concern

SEPTEMBER 8, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Although the Metaverse evolved from online video games focused only on user consumption, it now allows users to produce income and accumulate wealth entirely within the Metaverse.

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KROST

JUNE 1, 2022

Los Angeles, California – May 7, 2022 – KROST’s Assurance and Advisory Principal, Keith Hamasaki, CPA , has been elected President of the California Society of Certified Public Accountants (CalCPA) Los Angeles Chapter. Keith cultivates the pipeline for future CPAs, financial professionals, and CalCPA members.

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Going Concern

JUNE 28, 2022

First we heard that remote work might not save you as much money as you think , a suggestion that was quickly debunked in our comment section by accountants saving a s**t ton of money (and stress) by skipping long commutes. And now a recent BBC piece strongly suggests that remote work might be bad for your mental health. Knock yourself out.

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Going Concern

SEPTEMBER 30, 2022

If not, it’ll be like when we received a box of unsharpened pencils for “honorable mention” at the Accounting News Websites That Start With ‘G’ Awards—at least you got something, but you can’t help but feel like you could’ve done better. Just kidding—we’ve been playing video games this entire time.).

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