RitaKeller
OCTOBER 17, 2022
I occasionally hear from a young CPA who has decided to strike on their own and build an accounting firm. I call these tasks foundational aspects of a CPA firm. CPA Practice Advisor recently posted an article – 5 Tips When Starting a New Accounting Firm. I hope this will be helpful to those of you dreaming of your very own accounting firm and even those of you who need to improve the one you already have.
CPA Practice
JANUARY 25, 2023
In addition to its existing AuditClub Chiefs passes, the company now offers its AuditClub Crew passes for CPA firms and companies to access virtual crew members with up to six years of experience who perform and review audit procedures based on a member’s solutions requests.
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TaxConnex
NOVEMBER 22, 2022
In our blog last week, we looked at how sales and use tax advisory services might be a good new field for CPAs and accounting firms. Mark Friedlich, CPA, vice president of U.S. Review the sales tax payable account. sales tax compliance sales tax CPA
TaxConnex
NOVEMBER 15, 2022
Many certified public accountants (CPAs), enrolled agents and other tax preparers and professionals that run accounting and tax preparation firms are constantly looking for new advisory avenues to service clients. sales tax compliance sales tax CPA
KROST
APRIL 9, 2021
KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today , Top 100 Firms, and Fastest-Growing Firms in the U.S. Additionally, the firm ranked No. 1 in the fastest-growing firms list. Pasadena, CA.
Going Concern
JUNE 8, 2022
Small firms think ‘challenges when working with the IRS’ is a bigger PITA than trying to find and retain talent according to the results of the 2022 AICPA Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey released by the AICPA this week.
CTP
JANUARY 23, 2023
What are your accounting goals? Many firms want to grow and expand. Ideally, you’ll delve deep into the last year to better understand what’s working and what’s not for your firm. One recommendation is to: Create an annual goal for one major area of your firm.
ThomsonReuters
DECEMBER 17, 2020
With the recent rash of public company fraud issues that were missed both internally and by external auditors, there has been a lot of negative news coverage for the accounting industry. But what does this mean for small CPA firms who don’t perform audits?
RitaKeller
MARCH 22, 2021
I have observed that many accounting firm really do need to hit the restart button. I recently read a great article via Accounting Today about Sensiba San Filippo , one of the largest CPA and business consulting firms in Northern California. Everyone at all levels of the firm had to address three fundamental questions: 1. If you were a client, what would you want in a CPA? Most firms are afraid to take that risk.
Going Concern
JANUARY 27, 2023
Under German law, Apas can only probe and sanction potential misconduct by active accountants who are enrolled in the country’s register of public accountants. Collins left the ‘big four’ firm in October 2022. He did not have a CPA license.
KROST
JUNE 24, 2022
We are happy to announce the release of our newest quarterly magazine! The Hospitality Issue highlights some of the hot topics in the hospitality industry including tax credit for new employees, double-dipping, lease provisions, and HR solutions.
RitaKeller
JULY 26, 2021
CPA firm leaders need to keep current on the latest trends in M&A and there is no one more in-tune than Allan Koltin. “Success is not final; failure is not fatal: It is the courage to continue that counts.” ” – Winston Churchill.
ThomsonReuters
JANUARY 21, 2022
For many accounting firms, this could lead to new services being delivered or access to alternative market segments — both vital at a time when average revenue growth has slowed to 5.7% — the lowest in eight years according to the latest Rosenberg Survey.
Going Concern
MARCH 15, 2022
Moving on… Moments later — OK it was actually an hour and 25 minutes later — we received this: We’ll give the firm’s security credit here for catching it as quickly as it did. Deloitte and our victim firm above are certainly not alone.
Going Concern
JUNE 14, 2022
12 years ago my former colleague Caleb Newquist published a post titled “Do Accounting Firms Care if You’re On Drugs?” What’s the scoop these days inside your firm? The reason I am updating this ancient post is because it seems “do Big 4 firms drug test?”
ThomsonReuters
SEPTEMBER 17, 2021
Though viewed with certain strengths such as agility, the small accounting firm has its own unique set of challenges due to size. At the forefront of those challenges is staffing, and how properly outsourcing affects your firm’s client relationships.
KROST
FEBRUARY 18, 2021
Whether it’s personnel, technology, operational policies, or accounting practices, these reactionary decisions can and will have a ripple effect throughout every aspect of your business. In 2020, the Restaurant Industry was projected to do $899 billion in sales.
ThomsonReuters
DECEMBER 20, 2021
Now that tax season is approaching, you may find yourself contemplating the upcoming season and whether you’d be happier as the owner of your own accounting firm. To begin your journey to firm ownership on the right foot, follow these three steps to success. .
KROST
APRIL 21, 2021
COVID-19 Feature Jean Hagan News Restaurant News California Restaurant Association Restaurant Accountant Restaurant Accounting Firm Restaurant Consultant Restaurant CPA Firm Restaurants Care Restaurants Care Resilience Fund
KROST
OCTOBER 4, 2021
Pasadena, CA – INSIDE Public Accounting (IPA) named KROST CPAs & Consultants Top 100 Firm, Top 100 Fastest-Growing Organic Growth Firm, Top 100 Fastest-Growing All Growth, and best of the best in 2021. View INSIDE Public Accounting’s 2021 Top 100 Rankings ».
ThomsonReuters
MARCH 22, 2022
The connection between accountants and their clients is an important relationship in the business world. Here are some top tips for improving communication with accounting clients , so you can create an effective sense of community and understanding.
CPA Practice
JANUARY 18, 2023
After reading former MLB manager Joe Maddon’s recent book, The Book of Joe – cowritten with Tom Verducci –it struck me: The plight of the public accounting industry is not unlike that of Major League Baseball. Let’s look at some of the parallel problems facing both public accounting and MLB.
AdviceForTaxpreparers
AUGUST 12, 2014
Accountants by the nature of our profession want to follow rules. Therefore, we like it when we have guidelines such as an employee handbook that tell us how to respond in an accounting firm to a particular situation. However, new accountants soon find out that the firm grapevine provides unwritten rules to be followed as well. If the staff person talks to people in the firm they will get one or more of the following answers: [click to keep reading.].
LSLCPAs
DECEMBER 3, 2020
Changing accountants could very possibly be the best thing you do all year. The post How to Change Accountants, & Why You’d Want a Change appeared first on LSL CPAs.
AdviceForTaxpreparers
SEPTEMBER 8, 2020
by Bill Meador, CPA, JD. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Now I understand the first reaction of many accountants to the concept of selling anything. Bill Meador, CPA, JD. CPA Exam.
BuildYourFirm
OCTOBER 28, 2020
To help United States businesses capitalize on the Puerto Rico tax incentives , Delerme CPA has created a boutique service designed to maximize the financial benefits of relocating to this tax oasis. Delerme CPA is a licensed US CPA Firm, and licensed in Puerto Rico as well.
RitaKeller
DECEMBER 12, 2022
“A lot of things that accounting firms do are job-specific tasks that lend themselves to the gig economy.” I realize that when everyone was remote, most CPA firms did not experience a reduction in productivity. In a recent Accounting Today Voices article, Kyle Walters explores the use of contract workers, and things will change in the future. ” Many CPA firms are already using off-site contractors.
BuildYourFirm
OCTOBER 28, 2020
In 2006, John Siebert attended Build Your Firm’s Accounting Marketing workshop in Chicago to learn how to develop his own accounting practice. After attending the workshop, John elected to hire Build Your Firm and rely upon their marketing expertise for marketing, lead generation and business development. His practice often receives awards as one of the best CPA Firms in town.
Going Concern
AUGUST 11, 2022
If there’s anything we love here at Going Concern it is an accounting firm dick-measuring contest. Whatever you call it, we love when firms are pitted against one another based on impartial metrics like revenue. Here are your top 25 firms for 2022.
BuildYourFirm
MARCH 26, 2020
Would you leave a safe and comfortable controller position at a large company to start your own CPA firm? in Colorado Springs, did – in his early 30s and without any public accounting experience. There is a such a need in the accounting industry,” he says. “A
RitaKeller
SEPTEMBER 23, 2021
“Great firms continually reinvent themselves.” – Marc Rosenberg. As we work with firms who are struggling with profitability, we start by looking at their various leverage ratios followed by comparing their billing rates to like-sized firms in like-sized markets.
RitaKeller
SEPTEMBER 16, 2022
I bet it’s been crazy at your accounting firm leading up to September 15. Some progressive firms don’t allow clients to string them out. If clients don’t “bring in their stuff” until September 13, 14, or 15, the client knows the CPA will not put his/her people through a massive fire drill. If you are working at a CPA firm that continually allows clients to punish you and the other staff members, it is your own fault.
RitaKeller
NOVEMBER 15, 2021
I have observed, that some CPA firms are not doing what is necessary to retain the best and the brightest (or even the average) employee. Some firms are still paying interns $15.00 I asked some more progressive CPA firms what they are paying for interns for 2022 and learned they are paying $20 to $28 per hour. The more progressive firms have already given significant salary increases and stay bonuses.
BuildYourFirm
APRIL 28, 2020
Koltin, CPA, CGMA. For twenty consecutive years, Allan has been named by Accounting Today as one of the Top 100 Most Influential People in the accounting profession. In 2016 CPA Practice Advisor inducted Allan into the Accounting Hall of Fame.
RitaKeller
JUNE 20, 2022
You are and have been for several years, very focused on finding and hiring additional talent for your firm. You have worked on being a unique firm. You will do almost anything (within reason) to attract college accounting majors and experienced accountants.
RitaKeller
JULY 19, 2021
When I worked at a CPA firm, I was always proud of the fact that the firm was on the leading edge when it came to new ideas, processes, and software tools. We were paperless very early on but waited several years for a Document Management System that actually fit the CPA profession. One technology tool we never purchased and one that I hesitate to recommend for CPA firms is a CRM (Client Relationship Management).
RitaKeller
APRIL 13, 2021
He was referring to innovation inside accounting firms. I have an answer to that question that applies to many firms. In a lot of accounting firms, innovation has been, and is, started with the firm administrator or COO. Large firms can afford and have hired, chief innovation officers. In the majority of small to medium-sized accounting firms, this role has been embraced by the firm’s experienced firm administrator or COO.
Bharmal&Associates
SEPTEMBER 4, 2020
We’re no ordinary accounting firm here at Bharmal & Associates, Inc.! From individual tax planning services to complex corporate consulting engagements, we are ready to be your full-service CPA firm. is the premier ratings and review site to look through top firms.
BuildYourFirm
JULY 13, 2020
Gary Shamis, Principal at Winding River Consulting, has had an accomplished career in accounting, developing his dad’s bookkeeping firm from $225,000 to roughly $100 million. He built the 37th biggest CPA firm in the country before merging SS&G, Inc.
RitaKeller
SEPTEMBER 20, 2022
This passage from a book I am reading that takes place in Cold War times inspired some thoughts about managing a CPA firm. ” What is reality like inside your accounting firm? Many people inside your firm just seem to be waiting for the “old guard” to retire. Reality in your firm is not something to be faced. “A dream doesn’t become reality through magic; it takes sweat, determination and hard work.”
RitaKeller
JANUARY 17, 2022
A CPA firm has a team member who is an all-star. If they would only pass that CPA Exam! Usually, they get the message and move on to work in corporate accounting leaving a significant void in the firm. Historically, firms have even said, “We are a CPA firm, we need CPAs.” Firms need to change. Maybe more young people would major in accounting if they didn’t have to pass the CPA Exam to work in public accounting.
RitaKeller
MAY 9, 2022
When I first joined a CPA firm, I was actually amazed at the lengths the partners and staff went to assure that the work they did for the clients was absolutely correct. ” In the accounting firm, my administrative work was proofed and reviewed. The work performed by the accountants was checked, reviewed, corrected, reviewed again, (corrected again, if need be), quality reviewed, and then checked by a partner before they signed off.
Going Concern
SEPTEMBER 1, 2022
Last week, we published a letter written to Fortune by a former CPA who pivoted to driving 18-wheelers and found far more career happiness than he ever would have in accounting (good for him). 65% of new graduate new hires hired into accounting/finance functions of U.S.
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