Starting A New CPA Firm

RitaKeller

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.

Why Project Management is Needed in CPA Firm IT

Accounting Web

Trends Why Project Management is Needed in CPA Firm IT

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Women Need to Rise as CPA Firm Partners

Accounting Web

Growth Women Need to Rise as CPA Firm Partners

How CPA firms can navigate the mid-career talent crisis

Accounting Today

Practice management Career advancement Coronavirus Employee retention Recruiting

Managing Security Issues with a Remote Workforce while Continuing to Grow Your Practice

Speaker: Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown

In this discussion, Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown, will share his perspective on what he witnessed during this period of change – the good and the bad, and he’ll share some of the best practices for security and privacy in our space around technology and innovative advisory offerings in this new world.

Los Angeles-Based CPA Firm Receives High Praise from Accounting Today

KROST

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.

A Great CPA Firm

RitaKeller

The above quotation from Jon Gordon, of course, made me think of the many CPA firms I know and have known over the many years I have been working with the CPA profession. As this year begins, think about the culture in your firm. “A culture of greatness doesn’t happen by accident. It happens when a leader expects greatness and each person in the organization builds it, lives it, values it, reinforces it and fights for it.” ” – Jon Gordon.

Why CPA Firms Need a Top-Notch Website

CPA Practice

In today’s world, where everything and anything can be found on the internet, even if your current clients are talking up your firm to their friends and colleagues, chances are that before those prospects shoot you an email or pick up the. Firm Management

Finding/Retaining Staff and Challenges Working With the IRS Are Top PITAs for CPA Firms, Says AICPA Survey

Going Concern

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.

Confessions of a tax manager: CPA firms just aren't getting it

Accounting Today

Practice management Work-life balance Employee retention Recruiting

The new normal for CPA firms? Maybe not

Accounting Today

The Disruption of Transportation

RogerRossmeisl

The post The Disruption of Transportation appeared first on Roger Rossmeisl, CPA. Automotive Technology Automobile Dealership CPA Firm automotive cpa Disruption The Great Transformation Tony Seba Transportation

Work Opportunity Tax Credit Provides Help to Employers

RogerRossmeisl

The post Work Opportunity Tax Credit Provides Help to Employers appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Auto Dealership CPA Firm automotive cpa Work Opportunity Tax Credit WOTC

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How Cloud Solutions Can Power Modern CPA Firms

CPA Practice

Adopting cloud technologies can help you to grow your firm successfully, retain and attract new talent and introduce new services to your clients. Firm ManagementThe power of cloud can benefit multiple aspects of your business - and can be the key to your.

A Story Of Life In A CPA Firm

RitaKeller

I actually like the title because I think one of my strengths is that I have lived in and observed CPA firms for forty years! I am in my 17th year daily blogging about the inside workings of CPA firms. “The way I see it is if you want the rainbow, you gotta put up with the rain.” ” – Dolly Parton. I was pleased when I was asked by Sons of CPAs to be part of their podcast. They have titled it, Real Life in the Accounting Profession.

It Is Inside Every CPA Firm – Flashback Friday

RitaKeller

I have observed that inside almost every CPA firm there is a certain amount of unnecessary drama. How about your firm? “Solve drama. Don’t create it.” – Dan Rockwell, @Leadershipfreak. Here is a flashback post about six rules for keeping your work-life drama-free

Three ways small CPA firms can support mental health

ThomsonReuters

From a small CPA firm perspective, the intensity of the workload during this extended tax season is like nothing we’ve seen before, compounding already heightened stress levels. For some small CPA firms, you may have known your clients and staff many years.

Starting your own CPA firm: Tips from 2 success stories

ThomsonReuters

Now that tax season is in full swing for many practitioners, you may find yourself questioning if this is the right time to break off and explore starting your own CPA firm. Starting your own CPA Firm: Don’t be afraid of a niche.

Should I stay or should I go? What it means to move your CPA firm to the cloud

Accounting Today

Tax prep software Technology Tax practice Cloud computing Tax season

Why small CPA firms should care about fraud

ThomsonReuters

But what does this mean for small CPA firms who don’t perform audits? In this episode of Pulse of Practice “Should a Small Firm Care?”, Paul Miller, CPA from Business by Design , and I are joined by Brian Fox, Founder of Confirmation, part of Thomson Reuters.

Does Your CPA Firm Need to Restart?

RitaKeller

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? If you were just graduating from college, would you want to work at your firm?

It Is Inside Every CPA Firm

RitaKeller

When doing presentations to CPA audiences, I will often ask, “You don’t have any drama inside your firm, do you?” What does that say about your firm? You might even change it into a No Drama policy to officially adopt for your firm. “Solve drama. Don’t create it.” ” – Dan Rockwell, @Leadershipfreak. ” Sad to say, this would get a big laugh from the audience.

IRS Announces the “Dirty Dozen” Tax Scams for 2022

RogerRossmeisl

The post IRS Announces the “Dirty Dozen” Tax Scams for 2022 appeared first on Roger Rossmeisl, CPA. Current Events Fraud Briefs Automobile Dealership CPA Firm automotive cpa Dirty Dozen Tax Scams

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The Auto Industry is Likely to Decline in Enterprise Value

RogerRossmeisl

The post The Auto Industry is Likely to Decline in Enterprise Value appeared first on Roger Rossmeisl, CPA. Automotive ARK Invest Automobile Dealership CPA Firm automotive cpa Enterprise Value

The Future of the Dealer Franchise

RogerRossmeisl

The post The Future of the Dealer Franchise appeared first on Roger Rossmeisl, CPA. Automotive Automobile Dealership CPA Firm automotive cpa Dealership Franchise Law Franchised New Vehicle Dealerships OEMsAs posted to the Bellavia Blatt YouTube Channel on 9/30/22 (Run Time: 17 min, 52 sec) With automakers speeding toward electrification, many are more than hinting at a new distribution model for those electrified vehicles involving customers ordering vehicles online.

Attention OEMs: The Age of “Catalog Engineering” is Over

RogerRossmeisl

The post Attention OEMs: The Age of “Catalog Engineering” is Over appeared first on Roger Rossmeisl, CPA. Automotive Automobile Dealership CPA Firm automotive cpa Catalog Engineering OEMs

Los Angeles Based CPA Firm Announced New Principal, Stacey R. Korman, CPA, MST

KROST

KROST CPAs and Consultants, the Los Angeles based firm, has announced a new Principal, Stacey R. Korman, CPA, MST. Stacey has extensive experience in assurance & advisory and accounting services and since joining the firm she has led the accounting and audit departments.

Work in a CPA Firm Tax Department? Plan for Change.

AdviceForTaxpreparers

All Blog Posts Career Advice Office Skills Advice accountant cpa fired tax seasonMany current and future tax CPAs think they can control the flow of their careers when in most cases they are merely in the eye of the hurricane. But that doesn't mean you're without options. click to keep reading.].

Learn How CPA Firms View a Gap in Your Resume

AdviceForTaxpreparers

All Blog Posts Career Advice Interviews Uncategorized career cpa gap job resumeMany accountants go into a death spiral when discussing during an interview why they left or got fired. Newsflash: no one cares. Here is the bottom line, on resume gaps and more. click to keep reading.].

How a Valuation Pro Can Help with Business Interruption Claims

RogerRossmeisl

The post How a Valuation Pro Can Help with Business Interruption Claims appeared first on Roger Rossmeisl, CPA. Valuation Briefs Automobile Dealership CPA Firm automotive cpa Business Interruption

Legal Protections for Franchise Dealers Against Direct Manufacturer Sales

RogerRossmeisl

The post Legal Protections for Franchise Dealers Against Direct Manufacturer Sales appeared first on Roger Rossmeisl, CPA. Automotive Automobile Dealership CPA Firm automotive cpa Direct Manufacturer Sales Direct-to-consumer sales model OEMs

A Candid Talk with Ford CEO Jim Farley on Ford’s EV Future

RogerRossmeisl

The post A Candid Talk with Ford CEO Jim Farley on Ford’s EV Future appeared first on Roger Rossmeisl, CPA. Automotive Automobile Dealership CPA Firm automotive cpa Electric Vehicles EVs F-150 Lightning Ford Motor Company Jim Farley Sandy Munro

IRS/Energy Dept Issue Guidance, List of Cars Eligible for Revised EV Credit

RogerRossmeisl

The post IRS/Energy Dept Issue Guidance, List of Cars Eligible for Revised EV Credit appeared first on Roger Rossmeisl, CPA. Automotive Individual Tax Briefs Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Inflation Reduction Act Revised EV Credit

Should You Outsource Your Accounting to a CPA Firm? Pros and Cons

LSLCPAs

Introduction Deciding to hire a CPA firm versus hiring a person to do your bookkeeping and accounting is an important decision! The post Should You Outsource Your Accounting to a CPA Firm?

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IRS Releases Updated Cost Segregation Audit Techniques Guide

RogerRossmeisl

The post IRS Releases Updated Cost Segregation Audit Techniques Guide appeared first on Roger Rossmeisl, CPA. Automotive Small Business Tax Briefs Audit Techniques Guides Automobile Dealership CPA Firm automotive cpa Cost Segregation Cost Segregation Studies IRS Audit Techniques Guides

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Autonomous Ride-Hailing Will Displace Industry Incumbents

RogerRossmeisl

The post Autonomous Ride-Hailing Will Displace Industry Incumbents appeared first on Roger Rossmeisl, CPA. Automotive Technology ARK Invest Automobile Dealership CPA Firm automotive cpa Autonomous Ride-Hailing

How to Use the Cost Approach to Value a Business

RogerRossmeisl

The post How to Use the Cost Approach to Value a Business appeared first on Roger Rossmeisl, CPA. Valuation Briefs Automobile Dealership CPA Firm automotive cpa Business Valuation Cost Approach

3 Approaches to Valuing a Business

RogerRossmeisl

The expert also must consider whether adjustments are warranted to account for the differences between the subject company and comparable firms. The post 3 Approaches to Valuing a Business appeared first on Roger Rossmeisl, CPA. Valuing a private business is a complex endeavor.

Don’t Discount the Key Person Discount

RogerRossmeisl

In the fourth quarter of 2021, CEO resignations were up 16% over the prior year, according to executive outplacement firm Challenger, Gray & Christmas. The post Don’t Discount the Key Person Discount appeared first on Roger Rossmeisl, CPA.

Separating Your Business From Its Real Estate

RogerRossmeisl

The post Separating Your Business From Its Real Estate appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa C Corp Real Estate Real Estate in C CorpsDoes your business need real estate to conduct operations?

What Factors into the Cost of Capital?

RogerRossmeisl

appeared first on Roger Rossmeisl, CPA. Valuation Briefs Automobile Dealership CPA Firm automotive cpa Business Valuation Cost of CapitalValuation experts often use discounted cash flow (DCF) techniques to determine the value of a business or estimate economic losses.

Measuring Residual Value for the Discounted Cash Flow Method

RogerRossmeisl

The post Measuring Residual Value for the Discounted Cash Flow Method appeared first on Roger Rossmeisl, CPA. Valuation Briefs Automobile Dealership CPA Firm automotive cpa Discounted Cash Flow Method Residual Value

Why What an S Corp Shareholder Receives and Reports is Different

RogerRossmeisl

The post Why What an S Corp Shareholder Receives and Reports is Different appeared first on Roger Rossmeisl, CPA. Small Business Tax Briefs Automobile Dealership CPA Firm automotive cpa Flow-Through Income S Corporation