Art of Accounting: Becoming an Expert Generalist

By Edward Mendlowitz Published January 23 2017, 2:16pm EST   This is a follow-up to my previous column, where I suggested larger firms have a specialization as a generalist. This will illustrate some ways of accomplishing that. A generalist has to be knowledgeable in most areas, but possibly expert in none. A generalist should be […]

Accounting Today: AICPA CEO Melancon Anticipates Major Tax Reform

By Michael Cohn January 24 2017 American Institute of CPAs president and CEO Barry Melancon is expecting Washington to pass major tax reform legislation during the Trump administration, and some Democrats may even cross the aisle to help Republican lawmakers enact it. Speaking Tuesday in New York at a meeting of the Accountants Club of […]

Joanne Barry: Five Ways CPAs Can Build a Stronger Democracy | Accounting Today

By Joanne Barry January 23 2017 Donald Trump being sworn in on the steps of the Capitol Building. Bloomberg News Some people love him. Some people hate him. Regardless of what anyone feels about him, New York City real estate mogul and TV reality show star of The Apprentice Donald J. Trump has been sworn […]

Federal Tax Planning Strategies for Individuals and Small Businesses

Federal Tax Planning Strategies for Individuals and Small Businesses By: Warren M. Bergstein, CPA, AEP Published Date:  Jan 1, 2017 Every year, to minimize their overall liability, taxpayers should start giving consideration to moves that may either lower their current year tax bill or equalize their tax liability over a two-year period. Some of the […]

Joanne S. Barry: The Year Ahead Some of the Profession’s Sharpest Experts Look at 2017

The Year Ahead Some of the profession’s sharpest experts look at 2017 November 30, 2016 New year, new president, new changes, new challenges and new opportunities: 2017 promises to be an interesting 12 months. To help you start getting a handle on what it might mean for your practice, your firm and the accounting profession […]

Edward Mendlowitz – Art of Accounting: The Future of the Small Firm

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 […]

Sal Collemi – The Decline in Global Audit Quality, Accounting Today

A consultant offers ugly truths and realistic remedies AUGUST 31, 2016 BY SALVATORE A. COLLEMI Ask any practicing CPA who cares about the profession, and they’ll tell you about the need for continuous improvements when it comes to a public accounting firm’s system of quality control policies and procedures.This need is at the very heart […]

Accounting Today: Edward Mendlowitz – Art of Accounting: Why MAP Programs Are Essential

AUGUST 22, 2016 BY EDWARD MENDLOWITZ I attend Management of Accounting Practice (MAP) CPE programs. In many instances these do not qualify toward the mandatory CPE requirements. Who cares?I go because I want to make more money, work more effectively, service clients better, excite and retain staff, and have more fun doing what I love […]