CPA Practice

FEBRUARY 28, 2024

Here’s some news from the labor market that’s both good and bad for CPA firm leaders and other employers of accounting and finance talent. The upside for CPA firms is that retaining talent should be a little easier, at least for the near term. How do you start this journey? The downside? More on this later.)

cpa firm 115

cpa firm CPA accounting and finance Finance 115

CPA Practice

JANUARY 24, 2024

If employee retention isn’t already a priority focus for your CPA firm, you may want to make it one — and soon. The latest Salary Guide From Robert Half reports that the CPA is a credential in high demand. So, there’s no time to waste in stepping up your retention efforts to hold on to valued staff at your CPA firm.

cpa firm 116

cpa firm CPA accounting and finance Finance 116

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. How can they go about making the move? Mark Friedlich, CPA, vice president of U.S. How can you easily access this demand?: Review the sales tax payable account.

accounting firms 130

accounting firms Sales Tax tax return 130

Anders CPA

OCTOBER 24, 2023

Tax partner and leader of the firm’s startup practice Dave Finklang, CPA/CGMA, MBA , examined the phenomenon in his recent article for the St. Dave Finklang His actionable advice for startups can help founders determine the best path to extend their runway and convince potential investors of their business’s value.

CPA 114

CPA Tax 114

Going Concern

FEBRUARY 7, 2024

By Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver Thank goodness for the Connecticut Society of CPAs! Without their posting , it would have taken me longer to learn about the latest half-baked idea by NASBA regarding the education requirements to become a CPA.

CPA 119

CPA Education cpas Connecticut 119

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. Accounting firms have long moved into technology, forensics, business management and a host of other biz services.

accounting firms 130

accounting firms Sales Tax Account 130

CPA Practice

APRIL 12, 2023

By Blake Oliver, CPA, and Chris Vanover, CPA. CPAs have always been passionate about numbers, using various metrics such as revenue, profit, headcount and realization to measure success. However, this focus on numerical indicators is contributing to the decline of the CPA profession itself.

Account 136

Account accountant accounted Education 136

CPA Practice

MAY 6, 2024

One hundred and twenty-five staff and 24 partners from top 300 accounting firm Apple Growth Partners will join Fargo, ND-based Eide Bailly on June 24, expanding the top 20 firm’s footprint across the Great Lakes region. We could tell immediately that both firms really meant what we said and would be a great fit.”

Mississippi 64

Mississippi cpa firm Real Estate Ohio 64

CPA Practice

MAY 14, 2024

As the accounting profession continues to grapple with a shortage of new CPAs and fewer accounting graduates , an independent national advisory group has published six draft recommendations in a new report on what the profession can do to restock its pipeline with young talent.

cpas 72

cpas CPA Education accounting and finance 72

CPA Practice

OCTOBER 23, 2023

By Richard Corn, CPA. Accounting firms are continuously innovating, developing new offerings and finding new ways to stand out in a crowded field. New clients will always be important for firms, but existing clients offer a path for maximizing internal resources while expanding services.

Technology 115

Technology audit Expense Management CPA 115

ThomsonReuters

JULY 20, 2023

Many firms have found themselves needing to stay up-to-date with the latest trends and technologies in order to remain competitive in the market. Here you will learn the importance of advisory services, where your firm stands in its advisor journey, and the key benefits this quiz can bring to your firm.

CPA 98

CPA cpa firm cpas accounting firms 98

CPA Practice

MARCH 15, 2023

In the past several decades, few topics have driven as much conversation among accounting professionals and firm leaders as has ongoing private equity investment in firms. This phenomenon has caused the profession to rethink the very model of firm ownership, success, partnership and hierarchy. However, there are complications.

accounting firms 132

accounting firms Account accountant accounted 132

CPA Practice

NOVEMBER 3, 2023

By Andrew Argue, CPA. College graduates with accounting degrees , CPA exam takers , new entrants to the accounting workforce —all these metrics and our experience make us feel there’s a lack of interest in our industry. Essentially, how much value does one accountant create? Get more people to take—and pass—the CPA exam.

Account 124

Account accountant accounted Technology 124

CPA Practice

SEPTEMBER 19, 2023

There is no need to alert this audience to the acute shortage of CPA talent. But it’s still worth underscoring how important it is for CPA firm leaders to closely monitor the job satisfaction of these precious resources — especially at a time when many of these professionals might be thinking about making a job change soon.

cpa firm 110

cpa firm CPA accounting and finance Virginia 110

CPA Practice

FEBRUARY 26, 2024

A package is a collection of relevant and valuable services, often offered either with a flat fee or value-based pricing structure. When done properly, packages greatly improve the client experience and provide added value. At the same time, they boost your firm’s profit margins. How do you package your services?

tax planning 119

tax planning CPA Tax Construction 119

CPA Practice

OCTOBER 2, 2023

However, it doesn’t mean CPA firms are finding it any easier to staff available positions — or hold on to the valued employees they already have in place. Our research provides some answers that can help CPA firms with hiring and retention. This is good news for employers overall. Robert Half’s research on U.S.

accounting and finance 128

accounting and finance cpa firm CPA Finance 128

ThomsonReuters

MARCH 21, 2023

How often do you give information away for free? Among professional tax advisors, a growing, but still surprisingly small, percentage of practitioners are beginning to consider ways to better value their CPA advisory services as a billable product. Defining advisory services for clients can be challenging for a lot of firms.

CPA 97

CPA Tax tax return accounting firms 97

CPA Practice

NOVEMBER 20, 2023

A new study on how accounting professionals feel about their profession, job satisfaction, and automation has found that, while they are overwhelmingly positive about the profession, there is a clear need for more automation. 88% emphasize the importance of AI and machine learning in shaping the industry’s future.

Technology 128

Technology Account accountant accounted 128

Cherry Bekaert

MAY 3, 2024

Further adding to the issue, fewer CPA examinations are taken each year as the appeal to a career in accounting declines among college students—thus creating a CPA shortage. By offering flex-scheduling, firms can also greatly broaden the pool of job candidates and attract the right talent for the roles they are looking to fill.

accounting and finance 105

accounting and finance Finance Account accountant 105

Anders CPA

NOVEMBER 15, 2023

The firm will be closed Thursday, November 23 and Friday, November 24 in observance of the Thanksgiving holiday. The firm will be closed Thursday, November 23 and Friday, November 24 in observance of the Thanksgiving holiday. How Do I Contact Anders During Quiet Week? What is a Quiet Week?

CPA 105

CPA Account accountant accounted 105

ThomsonReuters

FEBRUARY 28, 2024

She decided to skip law school and instead took a job as a bookkeeper, finding her chosen profession and going back to school to earn her CPA. No matter what the culture of the firm is, you will be successful, the professor said. This strengthened her desire  to have her own firm.

cpa firm 98

cpa firm CPA Non-Profits financial statements 98

Going Concern

OCTOBER 20, 2023

note: A reader sent in this thought-provoking essay on their experience as a CPA. credits over the next four years because everyone indicated that the CPA route was the way to go, and that was the “golden ticket” to a life that so many people desired. At this point, I met a local CPA, and he changed my life. I loved the class.

public accounting 122

public accounting Account accountant accounted 122

CPA Practice

APRIL 19, 2024

Unlike the old days when public practice CPAs rarely spoke to anyone but clients and other team members during tax season, it is evident that CPA firms have become year-round businesses. Further, extension season for some firms is busier. So, What Are the Common Issues in CPA Firms?

Technology 72

Technology cpa firm CPA Non-Profits 72

CPA Practice

APRIL 25, 2024

PICPA received survey responses from 323 accounting professionals nationwide who have zero to 15 years of public accounting experience and have left their firm or profession within the past five years. For the purposes of its report, CPA Talent Retention 2024: Keeping Your Best Performers , PICPA called these professionals “career changers.”

accounting firms 89

accounting firms Pennsylvania Account accountant 89

BuildYourFirm

APRIL 14, 2020

Join host Hugh Duffy as he talks with Corey Lord, Lord CPAs. The two discuss how he got started in this unique niche. The two discuss how he got started in this unique niche. Guest Bio: Corey Lord, Lord CPAs CEO. Corey is the CEO and a Client Ally at Lord CPAs. Corey took over Lord CPAs from his father in.

Michigan 246

Michigan cpas Sports Education 246

Going Concern

APRIL 12, 2024

Williams made the following statement today at a virtual press conference: Since 2021, the PCAOB has sanctioned nine registered firms for exam cheating. The PCAOB will take action to hold firms accountable when they fail to enforce a culture of honesty and integrity. We set a record in 2022. We broke that record in 2023.

CPA 105

CPA auditor Tax audit 105

CPA Practice

MARCH 26, 2024

Fieldguide , an AI platform for advisory and audit services, has received $30 million in a Series B funding round led by Bessemer Venture Partners, the firm behind vertical SaaS and AI companies such as EvenUp, Procore, ServiceTitan and Shopify.

audit 52

audit CPA cpa firm 52

CPA Practice

JANUARY 9, 2024

If employee retention isn’t already a priority focus for your CPA firm, you may want to make it one — and soon. The latest Salary Guide From Robert Half reports that the CPA is a credential in high demand. So, there’s no time to waste in stepping up your retention efforts to hold on to valued staff at your CPA firm.

cpa firm 64

cpa firm CPA accounting and finance Finance 64

CPA Practice

OCTOBER 27, 2023

But really, Billy Scherba, CPA, is a carbon accountant. Billy Scherba Carbon accountants help companies understand what data matters to their carbon footprint, how to collect that data in a consistent manner, and how to use it to calculate the greenhouse-gas emissions they’re responsible for. Decarbonize.

Account 124

Account accountant accounted Transportation 124

Going Concern

AUGUST 29, 2023

So a guy named Brian Kelleher who works for the hilariously named FML CPAs has written an opinion piece for the Hartford Courant entitled “Opinion: Accounting is a fantastic career — despite common misconceptions.” I’m involved in recruiting for one of the largest accounting firms in Connecticut. The world needs them.

Account 114

Account accountant accounted public accounting 114

Going Concern

NOVEMBER 10, 2023

Almost 8 in 10 accounting and STEM students surveyed believe an accounting career will deliver long-term value and 34 percent of the students see a career in accounting as a steppingstone to other leadership opportunities. Additionally, of the 652 CFOs surveyed in that study, close to 45% were CPAs. That’s all great.

CPA 101

CPA cpas Education Minnesota 101

Going Concern

JANUARY 8, 2024

This is how I feel. Firms need to raise prices because they can’t find enough staff to work, and they can’t find staff because many college students still believe accountants sit in dark basements punching numbers into calculators. Accounting firms had a good fiscal 2022 with median growth rate of 9.1% This eclipses the 4.2%

Tax 105

Tax Account accountant accounted 105

CPA Practice

APRIL 29, 2024

Many accounting firms started 2024 with an eye toward expansion, and the post-busy season spring brings renewed purpose and fresh perspective to put plans into action. According to Accounting Today , 62% of the top 100 firms reported double-digit growth in 2023, and the majority are optimistic for continued growth this year.

Education 118

Education cpas bookkeeping accounting firms 118

Going Concern

SEPTEMBER 18, 2023

by Sharon Lassar, PhD, CPA (Florida) John J. Those arguing to keep some version (any version – no matter how watered down) of the 150-hour rule will not consider other points of view. Academic research finds no value in a 150-hour rule. Conversely, it demonstrates the value of a master’s degree. I have yet to see it.

CPA 119

CPA Florida audit Account 119

CPA Practice

JANUARY 24, 2024

But for CPA firm leaders, it’s difficult to focus on the future when you’re dealing with a host of immediate business priorities. If your CPA firm is feeling the impacts of the talent shortage acutely, you’re in good company. This is also against the backdrop of tax season, one of the busiest times of the year.

cpa firm 64

cpa firm accounting and finance CPA Technology 64

Withum

NOVEMBER 2, 2023

As a firm that leads with integrity, this milestone is a testament to Withum’s commitment to handle sensitive data responsibly. As a firm that leads with integrity, this milestone is a testament to Withum’s commitment to handle sensitive data responsibly. Client data security is of the utmost importance in today’s business landscape.

audit 111

audit auditor cpa firm CPA 111

CPA Practice

AUGUST 9, 2023

“The NJCPA has a rich history of member service, cultivating community and helping to foster the next generation of accountants and CPAs,” said Aiysha (AJ) Johnson, MA, CEO and executive director of the NJCPA. AJ is the Society’s fourth CEO and executive director and the nation’s first Black female head of a state CPA society.

New Jersey 98

New Jersey cpas CPA accounting and finance 98