Good Times Are Here Again? By Joanne S. Barry, CAE October 2017 Issue, Publisher’s Column | October 2017 It’s a great time to be a CPA firm. So says Marc Rosenberg in his foreword to the 2017 Rosenberg Survey. The annual practice management survey, now in its 19th year, provides a wealth of quantitative and qualitative […]
By Edward Mendlowitz Published: April 03 2017 When I started my practice I tried to extend as many clients as I could. I figured this would ease tax season and spread the work out throughout the year. I found out this is not workable—for me. Now, we do whatever we can to get a return […]
News from the Accountants Club of America March 2017, 2nd Edition Dear Members and Friends, Please enjoy the second edition of updates from the Accountants Club of America. This was created to keep everyone aware of events, members in the news, new members and other Club information. One particular item of note, on January 24th, […]
News from the Accountants Club of America January 2017, 1st Edition Dear Members and Friends, This is the first of periodic updates from the Accountants Club of America to keep everyone aware of events, members in the news, new members and other Club information. If you have news you would like to share, please let […]
By Edward Mendlowitz Published March 06 2017 Here are some ways to save you and your tax practice some headaches this season. 1. I know you are busy getting corporate returns completed, but you should give priority to 1120S and 1065 returns where K-1s will be going to people that you do not prepare 1040s […]
CPA firms are adding to their fields of expertise in order to take advantage of new opportunities By Brett Johnson, February 27, 2017 at 3:00 AM Ralph Thomas, CEO and executive director, New Jersey Society of CPAs – (PHOTOS BY AARON HOUSTON) New Jersey Society of CPAs CEO Ralph Thomas has seen accounting firms […]
Attract and retain talent by understanding this paradigm shift. By Hitendra Patil Accountaneur Topmost thought leader Ronald J. Baker said, “The World Bank reports that 80 percent of the developed world’s wealth resides in human capital, illustrating that we’ve been in a knowledge economy since the 1950s. Yet most accounting firms are utilizing a business […]
In today’s challenging economic environment, external auditors — from sole proprietors to the largest international CPA firms — are under a microscope to ensure they are achieving high-quality auditing of financial reporting. CPA firms have recently been in the crossfire of negative results reported by standard setters and regulatory agencies. So how can you ensure […]
By Michael Cohn Published February 22 2017 The American Institute of CPAs’ Auditing Standards Board has revised its standard for going concern opinions. The new standard, Statement on Auditing Standards No. 132, The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern (AICPA, Professional Standards, AU-C sec. 570), supersedes SAS No. 126 […]
By Daniel Hood February 13 2017 The number of changes facing the accounting profession will leave most practices radically altered in the near future, according to Barry Melancon, the president and CEO of the American Institute of CPAs. Speaking at a gathering of technology vendors hosted by CPA.com and the institute, Melancon told attendees, “We […]
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