By Stuart Kessler, CPA, PFS September 2017 In contemplating the nuances of why financial planning makes sense for CPAs, I thought of the old story about the ship with the stubborn captain. While plying the waters off of Long Island, he noted what he thought was a ship on his radar. Upon being informed of […]
How to Review Tax Returns The No-Hassle Super-Simplified Seven-Step Tax Return Review System. With illustrative examples, step-by-step guidance, and practice-ready checklists. Reviewers are not born complete and ready to go, they must be developed. Part of the problem has been that there has been no information or training specifically for reviewers, until now. Learn how […]
By Edward Mendlowitz Published September 04 2017, 4:24pm EDT I have seen firms that use time sheets provide staff evaluations based on total chargeable hours, the ratio of chargeable hours to total hours, realization based on their time charges and sometimes collections per hour they charged. This is then compared to other staff at similar […]
By Edward Mendlowitz, CPA/PFS, ABV News & Views, Featured, July 2017 Issue | August 2017 This short book addresses the very important topic of how to save the planet, and it presents the ways in which progress on that goal is compatible with businesses creating value for themselves. The book also highlights the importance of companies issuing […]
By Vincent J. Love, CPA/CFF, CFE and Thomas R. Manisero, JD July 2017 Issue, Letters to the Editor | August 2017 We would like to thank Howard Levy for his complimentary and complementary letter on our article. We initially included most of the “plain paper” financial statement’s history in our article including quotes from the standards, […]
By Edward Mendlowitz Published July 24 2017, 1:11pm EDT You may or may not feel different the first day you wake up as a partner, but you will be different. People’s perceptions of you will have changed. You will now be a partner and as such an owner, a prestigious person within the profession and […]
By Joanne S. Barry, CAE July 2017 Issue, Publisher’s Column, Featured July 2017 In 2015, the NYSSCPA leadership established the Moynihan Fund as a way to recognize the contributions of recently deceased past president David J. Moynihan. The fund would be composed of the two education-based initiatives that since their inception have been programs of the Society’s […]
By Ranica Arrowsmith Published June 16 2017 Amanda Wilkie, chief information officer at WithumSmith+Brown, went one step further and told attendees that blockchain would “change the world” — especially the accounting world. She recalled PCMag’s claim that 2017 would be the “year of the smart contract.” Blockchain was a favored subject during the 2017 […]
By Daniel Hood Published June 01 2017 At a meeting on Thursday, the Public Company Accounting Oversight Board approved a new standard that will significantly change the auditor’s report. The new standard, The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion, will, among other things, require auditors to […]
By: Chris Gaetano Published Date: May 23, 2017 Salvatore A. Collemi, a CPA with years of external auditing experience under his belt, told his audience at the Forensic Accounting and Litigation Service Conference on May 23 that professional skepticism is severely lacking in today’s business environment, but that it can be cultivated, and must be […]
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