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Flashback to 1988: Comparing Accounting Firm Standards Then and Now

Back to the Future – Looking Back over Three Decades Recently my clients, Tony Frabotta and Rick David of UHY Advisors, forwarded to me the Summer 1988 issue of The PDI Report. Tongue in cheek, they said to me they were surprised to see...

FASB Seeks Nominations for its Small Business Advisory Committee

The FASB is currently seeking nominations for individuals who would be interested in serving on the SBAC and who have relevant background in and experience with: Preparing or auditing financial statements of small public businesses in various...

GWSCPA Announces the 2016 Scholarship Award Recipients

FOR IMMEDIATE RELEASE: May 27, 2016 CONTACT:  Elissa Brousseau Greater Washington Society of CPAs  202-561-0561 ebrousseau@gwscpa.org www.gwscpa.org WASHINGTON, DC —The Greater Washington Society of CPAs announces the winners of this...

The Biggest Challenges of Being a New Manager

New managers face a number of challenges, but which is the most daunting? According to CFOs interviewed for a Robert Half Management Resources survey, the most difficult part of becoming a manager is balancing individual responsibilities with...

Old Labor Laws Not Keeping Up With Gig Economy, Decrease Worker Benefits

The traditional distinction between employees and independent contractors is discouraging companies from offering gig economy workers important support, particularly when it comes to taxes. That'd according to Joseph Kennedy, senior fellow at the...

Struggling for Traction on Diversity

Decades of effort have yielded underwhelming results It’s a great time to be a young student entering the profession. According to the 2015 AICPA Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits...

5 Steps Small Businesses Must Take To Prepare for New Overtime Pay Rules

Are you an employer? If so, you’ve got a major challenge to accomplish in the next few months. Most businesses aren’t ready for the new overtime and worker classification changes to the Fair Labor Standards Act (FLSA) that the...

How Free Is Your Free Consultation?

Many client relationships start with a consultation of some sort, as you both get to know each other and you gather information to better understand their situation and their tax needs. It’s a very useful meeting on both sides, but it may...

Congress Needs to Modernize the FTC

While the U.S. Federal Trade Commission (FTC) has long provided valuable oversight and consumer protection, there is an opportunity for Congress to modernize the agency so that it better protects consumers from harm while minimizing regulatory...

NASBA Provides First-Ever Official Count of CPAs

The National Association of State Boards of Accountancy has released for the first time in history an official CPA population statistic representing the total number of individual, U.S.-licensed CPAs. As of April 22, 2016, there are 664,532...