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Professional News

Veteran CPAs: Service to Their Country and Their Profession

By Kevin Matthews, CPA What is it to be a veteran and a CPA? What makes military service so different than that from any other job? Is it simply someone who was in the uniformed services but no longer serves? Is the status of a veteran to an ex-military servicemember the same as that of an

How to Avoid a Hacker’s Attack

By Yanhua Bai and John Brozovsky, Ph.D. Database security breaches have caused a huge amount of damage to companies across the United States. As companies rely more and more on the Internet to conduct business, company data is more and more susceptible to hackers. It is crucial for every company to

Always Aim High: Innovative Continuous Improvement and the CFO 

Total operational excellence can be achieved. It just takes a committed approach. By Mike DellaRipa, CPA, MBA, CGMA In today’s business climate, industry consolidation and technological improvements are creating stronger competition. Companies must ensure the right culture is in place to foster

The Why and How of Artificial Intelligence

Artificial intelligence has matured from technology buried in computer science labs using complex coding techniques to more common algorithms and supporting technologies. By Randy Johnston One of the hot areas of emerging technology is artificial intelligence (AI). You know a topic is hot when

The Key To Strategic Year-Over-Year Advantage

CPAs and their firms and companies are always looking for ways to grow business, but what if there was a way to gain advantage each year? According to Kimberly Ellison-Taylor, CPA, there is: diversity and inclusion. "Diversity is the key to our strategic year-over-year advantage," Ellison-Taylor

Celebrate CPAs Year Round by Creating a Culture of Service

At right: In September 2019, employees of Rutherford & Johnson showed how #CPAsgiveback as part of the 2019 United Way Day of Caring in the Northern Shenandoah Valley. They volunteered at the Blue Ridge Area Food Back to sort food and household items that had been donated. Last week was Virginia CPA

Are Valuation Multiples Meaningful or Murky?

We’ve heard so many stories over the years from owners and executives who have heard bankers say a company’s valuation multiple should be “eight times earnings before tax, depreciation and amortization (EBITDA),” while their accountant said it might go “as low as six times EBITDA” in the industry.

IRS Proposes Regulations on Maximum Automobile Values

As promised in Notice 2019-08, the U.S. Internal Revenue Service (IRS) issued proposed regulations that update the fleet-average and vehicle cents-per-mile valuation rules described in Regs. Secs. 1.61-21(d) and (e), respectively, to align the limitations on the maximum vehicle fair market values