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State and local governments are being squeezed by a shortage of accounting professionals, making it difficult at times to find staff CPAs who can prepare critical financial information or outside firms to conduct audits. Evaluation of external auditors should consider CPA firm qualifications, not just proposed fees.
State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S. To address these critical issues, an intentional and consistent effort is required to encourage younger people to become CPAs. Tammy Hofstede.
The accounting profession is undergoing a significant transformation as more non-CPAs acquire CPA firms. While private equity firms buying large CPA practices may make headlines, a more impactful shift is happening beneath the surface. The Trend: Why Are Non-CPAs Buying CPA Firms?
Just weeks after the profession got in a tizzy about private equity-owned firms telling staff to remove CPA from their email signatures and, in some cases, LinkedIn profiles , INSIDE Public Accounting has dropped figures on the average number of staff with CPAs at the hundreds of public accounting firms that report their data to IPA.
CPAs know the drill: taxes, compliance, rinse, repeat. 🤝 How CPAs can be more than number crunchers – become the cash flow whisperer. But what about the sneaky cash flow that’s quietly messing with your organization’s success? We’ll dive into: 💡 The truth about cash flow and why it matters more than you think.
The role of a CPA has evolved far beyond spreadsheets and audits. Today’s clients and companies expect CPAs to be advisors, strategists, and forward-thinkers. But the reality is many CPAs still spend too much time on manual tasks that slow down productivity.
Here are five time management tips for accountants and CPAs that can transform the way you work, so you can focus on what truly matters and achieve better results with less stress. Implement the Pomodoro Technique for focused work Another great time management tip for accountants and CPAs is the Pomodoro Technique. Jump to 1.
This article explores actionable strategies CPAs, accountants, and tax professionals can recommend to clients to optimize A/R processes, maintain strong cash flow, and enhance overall financial stability. To begin, CPAs should work with clients to review aging reports, focusing on accounts that have remained outstanding for over 90 days.
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems.
We are consistently impressed by the achievements of these students and their commitment to entering the profession,” said Angela Garofalo, CPA, CFP®, president of the NJCPA Scholarship Fund and a partner at Citrin Cooperman.
The irritation factor for some tax professionals and CPAs who provide tax preparation services is that Intuit, the maker of TurboTax and several other consumer business programs, also produces a range of tax preparation systems made for professionals who service those same clients. “Tax Intuit’s decision to halt the ad is a positive step.
Withum is excited to announce that on May 1, 2025, CTM CPAs & Business Advisors, a public accounting, tax and business consulting firm, headquartered in Lincolnshire, IL, joined its practice with Withum. The post CTM CPAs & Business Advisors Joins Its Practice With Withum appeared first on Withum.
As the tax and accounting landscape becomes increasingly complex, accountants and CPAs are relying on advanced tax software to streamline their workflows, improve accuracy, and enhance the client experience. Jump to ↓ What software do CPAs use for taxes? What’s the best tax software for CPA firms?
But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. Register today! August 26th, 2025 at 9:30 AM PDT, 12:30 PM EDT, 5:30 PM BST
The AICPA’s admonishment of honest CPAs to adhere to Circular 130 when it was being flouted for 2 years by fraudsters with no repercussions. Better hands on training/mentoring The tsunami of fraud that occurred with the ERTC and the willfully pitiful attempts to enforce the rules. People need to go to prison.
I know a lot of us have just gotten out of extension season, and then the election, but if you need to complete some more CPE this year, how about joining us at Ensuring Success , the largest annual online live-streaming CPE event for CPAs. (We We also offer some IRS CE sessions, so EAs should check us out, too!) And it’s free.
Canadian CPAs with three or more years of experience reported a national median salary of $154,000 in 2024, up from $143,000 the prior year, according to a Leger study.
Here’s how to attract them to accounting: Make the education requirements for CPAs less onerous and expensive. Pay a more attractive entry-level accounting salary. The potential for accounting roles to require long hours for low compensation is not appealing to many possible entrants to the profession.
🤖 Enhancing Productivity through Automation: Use automation tools to handle repetitive tasks, allowing CPAs to focus on billable work and deliverables. We’ll cover: ✅ Data Management Best Practices: Streamline operations and reduce manual tasks with centralized, connected systems.
The American Institute of CPAs submitted a letter to the Department of the Treasury and the Internal Revenue Service (IRS) requesting guidance for cannabis businesses in advance of the impending transition away from engaging in a trade or business that subjects them to section 280E.
Hot off Ohio’s governor signing into law a bill that introduces a bachelor’s only pathway to CPA licensure in that state , a pair of Illinois representatives have introduced a bill that would do the same for aspiring CPAs in their state. And the Illinois CPA Society is cheering it on.
Larger firms, which tend to offer a broader array of advisory and consulting services, report even lower CPA ratios, with only 41.5 The post Friday Footnotes: CPAs Disappearing From CPA Firms; Grant Thornton Tries to Win Grant Thornton | 7.11.25 percent of staff holding licenses in 2024. appeared first on Going Concern.
As we move into 2025, accounting firms face a significant challenge: a growing talent gap caused by many experienced CPAs and professionals retiring. Retention Strategies Because of the dearth of available qualified accountants and CPAs today, the battle for accounting talent is incredibly fierce.
Speaker: Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP
In this post-COVID world, clients are reevaluating their expectations as far as an in-person relationship with their CPAs and accounting professionals. Rather, it could be utilized as an employee-friendly way to assuage an overburdened staff, relieve productivity bottlenecks, and stimulate growth.
Gonzalez, Rutgers University-New Brunswick Sahil Khosla Zoe Lopez Dov Vernik Chaya Yarmush “The lottery is a wonderful way to assist young professionals in route to becoming CPAs.
CPAs ($25,000), Raymond Chabot Grant Thornton in Canada ($30,000), and PWR CPA ($60,000). The three firms censured and fined by the PCAOB on July 11 for violating U.S. auditing rules and standards were Goldman & Co.
Partner-in-Charge, National Tax Controversy, Prager Metis CPAs, LLC, Cranbury Brigid D’Souza, CPA, MBA — Owner, Brigid D’Souza CPA LLC, Jersey City Timothy F. Gearty, CPA — Partner, Gearty & McIntyre, Florham Park Carol Donatiello Iocca, CPA — Retired Principal, WilkinGuttenplan, East Brunswick Jay L.
Announced February 13 , the AICPA and NASBA are giving up the quixotic fight to maintain 150 hours of education as the sole standard across CPA jurisdictions and are now “advancing model legislative language that enables an additional path to CPA licensure.” The new proposal is open for public comment for 60 days.
John Scott, Virtual CFO and Partner at Anders CPAs + Advisors, joins Hannah and Joey to discuss strategies for young accounting professionals to establish themselves as subject matter experts within their firms. They emphasize the importance of demonstrating interest in a niche, seeking mentorship, and mastering effective communication.
Following the November presidential election, CPA business leaders have a much more positive outlook about the U.S. The quarterly survey includes 273 qualified responses from CPAs and Chartered Global Management Accountants (CGMAs) who hold leadership positions, such as CFO or controller, in their companies.
The AICPA Foundation’s current scholarship program offers educational funding for accounting students at all stages, from high school seniors to graduate students to CPAs pursuing their doctorate in accounting.
Mary Girsch-Bock AICPA News is a collection of recent news briefs from the American Institute of CPAs and the Chartered Institute of Management Accountants. The survey polls chief executive officers, chief financial officers, controllers, and other CPAs in U.S. Yoshioka has applied for his CPA licensure in the U.S. It was No.
Accounting Accounting firm services Accounting education International accounting Career planning MORE FROM ACCOUNTING TODAY Technology XcelLabs launches to help accountants use AI Jody Padar and Katie Tolin debuted a training and technology platform, in partnership with the Pennsylvania Institute of CPAs and CPA Crossings.
5 Benefits of Stacked Credentials The decision to stack the CPA and CMA credentials may be the most important decision of your professional career. Do your research, talk with your mentor, observe the trajectory of other CPAs and CMAs, and reflect carefully on what you want out of your career.
MassCPAs Board of Directors is a group of elected members that sets policies, manages programs and oversees activities that benefit the 11,500-member organization and accounting profession in Massachusetts.
I know accountants and change dont go together, but you wont get a different result unless you do something different, says Sharon Theriot Macke, CPA & Founding Owner of Macke & Company, CPAs. I believe this is a change where youre still on the early end of the curve and clients are driving this. They need it.
The Indiana Society of CPAs (INCPAS) and NABA Inc. formerly the National Association of Black Accountants) announced on Nov. 20 the launch of ConnectIN, an initiative designed to boost talent pipelines, workforce development, and entrepreneurship in fields such as accounting, finance, business, AI, and emerging technologies.
The Ohio Society of CPAs announced yesterday that their state is leading the way in alternative pathways to CPA licensure, officially. 8, which includes OSCPA-backed legislation that will position Ohio as a national leader in addressing the dire CPA shortage. Many states are also working to adopt similar language to Ohio.
The Future Of AI For Productivity In Public Practice Is Brighter Than Ever Our K2 Enterprises team continues to teach practical AI courses for public practice professionals and industry CPAs.
Whether your clients are investing in commercial buildings, launching new ventures, or improving existing properties, this update creates fresh opportunities for accelerated deductions.
Get 30% off your first 3 months of your membership to The Dancing Accountant’s “Ask A CPA” community — for bookkeepers who want to level-up their accounting game and increase collaboration with their clients’ CPAs and tax preparers. Use code WORKFLOWCON2024 though Nov 30.
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