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Professional News

A new internet domain for the accounting profession: .cpa

October 22, 2020

By Erik Asgeirsson, president and CEO of CPA.com This past year has further emphasized the importance of thinking strategically about your online presence, and it’s clear this will become even more critical in the future as digital inevitably becomes the dominant business channel. The AICPA and CPA

Moving across state lines? Here’s how to avoid regulatory pain

October 21, 2020

By David R. Peters, CPA Change is an unavoidable part of life, whether it is our social circles, family situations or careers. Perhaps at no time are CPAs more aware of the necessity of change than when we move across state lines. Amidst the natural nervousness and excitement that comes with loading

How 2 Firms Responded to COVID-19

October 16, 2020

YHB CPAs & Consultants Several locations in Virginia and Maryland What was your company’s response to COVID-19? As with most organizations, we took things one step at a time. First was educating our staff on what the symptoms were and the importance of not coming into the office or going to the

7 mergers, 5 years: How one firm did it

October 13, 2020

By Peter B. Reilly CPA, CVA Just five years ago, Councilor, Buchanan & Mitchell, PC (CBM) was a 38-person audit and tax practice with one office in Bethesda, Md. But after an aggressive approach to acquisition, we’ve transformed a somewhat vanilla firm into one of the area’s top 25 accounting firms

So you want to expand your practice. Now what?

October 13, 2020

By Tom Mishoe, CPA, CMA, MBA CPA firm growth may occur either organically or through acquisition. Firms often choose to acquire other practices to (1) more quickly achieve desired client, revenue or profit growth, (2) fill existing or expected partner/employee, geographic or service capability

Don’t let top talent walk out the door! 

September 22, 2020

By Chip Knighton Employees leaving jobs is an established fact of life for partners and human resources professionals of all stripes, and the accounting profession is no exception. The average American worker changes jobs 12 times during his or her career, according to the U.S. Bureau of Labor

Are you using multi-factor authentication to protect clients? 

September 22, 2020

Whenever possible, you must be using multi-factor authentication to prevent identity thieves from accessing your clients’ personal information, according to the U.S. Internal Revenue Service (IRS) and its Security Summit partners. Beginning next year, all tax software providers will be required to

Want Ethical Staff? Be the Model.

August 24, 2020

By Karen Helderman, CPA Integrity is synonymous with honesty, reliability and honor. C.S. Lewis summed up the definition of integrity best in his famous quote, “Integrity is doing the right thing, even when no one is watching.” As CPAs, we know the public is always watching and expects us to act

Is Home the Center of Your Universe This Fall?

August 20, 2020

“You can do this.” Maybe, as the school year begins, you just need to hear a veteran CPA say that. VSCPA member Niki White, CPA, chief customer officer at Strategic Risk Associates in Richmond, has worked remotely and homeschooled her two children for the past four years. Whether your children are