Consulting is now a cash cow for accounting firms, raising concerns about conflicts of interest At the Big Four accounting firms—Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG—total global revenue from consulting and advisory work now exceeds traditional auditing, where revenue has been relatively flat. PHOTO: REUTERS(2); ZUMA PRESS(2) By Michael Rapoport April 7, 2018 7:00 a.m. ET […]
By Joanne S. Barry, CAE March 2018 The idea that CPA firms would allow non-CPAs to own a minority stake in a CPA firm and then refer to these non-licensees as “partners” was once a hotly debated topic within the profession. Now, nearly 25 years after Nebraska became the first state to do so, allowing non-CPAs […]
By Edward Mendlowitz Published March 19 2018, 10:46am EDT The following is some of the advice I give when I train or mentor a new tax specialist: To build awareness of what they need to know, they need to peruse every journal or tax service they subscribe to. (If you are not going to go […]
Sallie Mullins Thompson and Anil Melwani (Manhattan/Bronx) Published 8:32 a.m. ET Feb. 26, 2018 | Updated 8:36 a.m. ET Feb. 26, 2018 How to keep your tax preparer from hating you Tina Orem, NerdWallet.comPublished 8:32 a.m. ET Feb. 26, 2018 | Updated 8:36 a.m. ET Feb. 26, 2018 With tax deadline approaching, the number one question to […]
AICPA’s Professional Ethics Executive Committee (PEEC) held an open meeting on 2/13/18. Highlights appear in Cathy Allen’s blog, Click here to read.
Aaron Elstein, Senior Reporter, Crain’s NY Business and Accountants Club speaker on December 2, 2015 opines on the stock market. The stock market is “correcting”. I’m not entirely clear why corrections take place only when markets fall, but such are the ways of Wall Street. Albany gets nearly 20% of its tax revenue from the […]
Not a good way to start Tax Season 2018. An angry and frustrated National Taxpayer Advocate Nina E. Olson has slammed Congress hard in the Taxpayer Advocate Service 2017 Annual Report to Congress. After a series of IRS budget cuts over the last several years, Olson says she sees the daily consequences of reduced funding […]
TUESDAY | FEBRUARY 6 BUSY SEASON MANAGEMENT Do you make them feel important? By Ed Mendlowitz Tax Season Opportunity Guide Clients are our customers. They pay our salary and enable us to make good livings. Do what you can to accommodate them and make them feel important – as important as they believe they are. […]
Voices of the Profession: Sal Collemi
WEDNESDAY | JANUARY 31, 2018 Plus 4 “how much?” questions to ponder. By Ed Mendlowitz How to Build a Stronger Tax Practice As you see each tax prep client you should keep a list of additional services you can offer them. Also, continue this list when you review each return. MORE ON MARKETING TAX SERVICES: How […]
Accountants Club of America, Inc.