2016 News Archive
 

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Articles

Is Your Firm Using An Outdated Business Model?

Accounting thought leaders often cite "relevancy” as a major issue facing the CPA profession. The business graveyard is littered with major industries that went into decline because they failed to adapt to change, thinking “if it...

Advancements in Technology Are Driving Risk of Tax Controversy

As tax authorities at the state and federal level pay greater attention to digital business models, and those authorities themselves adopt advanced technologies, controversy and enforcement now top all tax risk for 2016. That's according to a new...

FASB Tweaks Revenue Recognition Standard

The Financial Accounting Standards Board has released a new accounting standards update providing “narrow-scope improvements and practical expedients” for the revenue recognition standard that it converged with the International...

PCAOB considers changing focus of inspections

Enhancements in audit quality and audit firms’ quality-control procedures have the PCAOB considering changes in the focus of its inspection program, PCAOB member Jeanette Franzel said Thursday. “In light of significant improvements...

The Management Accounting Profession Will Double by 2024 - Are We Prepared?

As a management accountant and a CEO, I know first-hand the field continues to grow and expand. I was happy to learn that the Bureau of Labor Statistics expects management accountants and auditors to experience double-digit growth through 2024....

3 Ways Small to Mid-Sized CPA Firms Can Attract Talented Staff

According to the 2015 Trends Report from the AICPA, the future for the accounting profession looks bright. Accounting enrollments for the 2013-14 academic year surpassed 250,000 for the first time and accounting firms hired 43,252 accounting...

14 Marketing Tips To Attract More Tax Preparation and Accounting Clients

Certified public accountants (CPAs) and tax preparers who own their own small businesses have A LOT on their plates. On top of everything that comes with running a business — paying bills, hiring qualified employees, keeping up with new tax...

Whitepaper Explores New Technologies and Expanding Role of Accountants

CPAs are on the front lines with clients every day. As a CPA, we see our clients’ struggles, their wins, their vulnerabilities, and their strengths. Our relationship is critical, and it is very important for us to be seen as their number...

IRS Issues Rules on Self-Employment Taxes for Partners

The Internal Revenue Service has released final and temporary regulations on the self-employment tax treatment of partners in a partnership that owns a disregarded entity and whether they can participate in employee benefit plans. The regulations...

Time to Get Serious about Client Service and Value Billing

Did you ever hear that accounting firms, particularly the larger ones, don’t provide distinctive client service and only compete on price? Sure you have. Why? It’s because many of the Top 100 firms have become merely good firms with...