Maureen Schwartz, executive director of the accounting association BKR International, and some of her colleagues describe 10 ways that firms can turn even the newest accountant into a better consultant. 1. Give Them a Wingman “Millennials are looking for firms where they will learn and gain new skills,” Schwartz says. “Teach them how to be […]
SEPTEMBER 12, 2016 BY EDWARD MENDLOWITZ By my reckoning there are about 42,000 accounting firms in the United States, and 41,600 might be considered to be small.The No. 1 firm has revenues of about $16 billion with about 65,000 people. Number 100 has revenues of $35 million with about 175 people. Number 300 has about […]
SEPTEMBER 8, 2016 BY SCOTT GORDON It’s no secret that professional services firms house troves of hack-worthy data. Accountants, lawyers, consultants, recruiters, media, creative, IT and other service providers routinely access and share sensitive information to meet client needs—making them prime targets for cybercriminals and the ideal potential victims for data mishandling.In June, insurance giant […]
By Alistair M. Nevius, J.D. September 2, 2016 The IRS warned tax practitioners on Friday of a new wave of cyberattacks that allow criminals to remotely access practitioners’ computers and file fraudulent tax returns. The attacks come as practitioners prepare for the Oct. 17 extended filing deadline for individual returns; the IRS reported similar attacks […]
Leaders in the field pick their favorite efficiency-enhancers More hours in the day Work expands to fill the time allotted to it, and in a 24/7 world, that means you’ll be working all the time. To help manage the massive workloads that many modern accountants face, we asked the candidates for our Top 100 Most […]
CHICAGO (AUGUST 25, 2016) BY DANIEL HOOD The gift that keeps on giving The Affordable Care Act continues to surprise (and terrify),with new thresholds, limits and reporting deadlines – and missing out on any of them could lead to major headaches and massive penalties. With that in mind, we spoke with ADP vice president of […]
AUGUST 23, 2016 BY DIANA SPATOULAS Most people have never heard of the alternative minimum tax, and those that have probably would love to forget about it and wish that it would just go away.For 2015, the Tax Policy Center projects the AMT will impact 4.1 million taxpayers and generate $28.2 billion—so it is safe […]
KANSAS CITY, MO. (AUGUST 16, 2016) BY DANIEL HOOD The next five years will bring tremendous change to the accounting profession, according to the experts at Boomer Consulting — and the next 15 will leave it almost unrecognizable. As part of a wide-ranging panel discussion at the 2016 Boomer Technology Circles Summit, held here this […]
BY SEAN MCCABE AUGUST 17, 2016 The AICPA announced on Wednesday that they will be offering a free, four-part webcast series on creating a more inclusive workplace in the accounting profession. Dubbed “The Workplace Inclusion” series, the webcast is a continuation of an earlier series on unconscious bias. The series is open to both AICPA members and the public. The first […]
WASHINGTON, D.C. (AUGUST 11, 2016) BY MICHAEL COHN The Internal Revenue Service is sounding the alarm about a new scheme in which scammers send emails purporting to come from tax software companies, instead fooling tax preparers into clicking on a link that will load malware on their computers. The email urges recipients to click on […]
Accountants Club of America, Inc.