Log Out

Professional News

Fraud During COVID: Signficant

August 5, 2020

Fraud experts, the U.S. Internal Revenue Service (IRS) and the Government Accountability Office (GAO) are sounding the alarm about fraud in a post-pandemic world. The first in a series of benchmarking reports from the Association of Certified Fraud Examiners (ACFE) reveals that CFEs are seeing an

9 Ways To Stand Up To Racism

August 4, 2020

The events over the last few months related to race have reminded us all: Diversity matters. What we say and do at work matters. So how do we change? How do we become the leaders and co-workers we want to be? How can we shape our firms and companies so they reflect a diverse and tolerant society

The List of Delays Is Long 

August 3, 2020

To say the pandemic has had an impact on the effective dates of various rules and regulations would be an understatement. Here are few of the delays and changes (though this list is not completely exhaustive), not including tax due date extensions, from a few American Institute of CPAs (AICPA)

CPA Evolution Clears NASBA

July 27, 2020

The CPA designation is one step closer to evolving into a new model of licensure after unanimous approval from the National Association of State Boards of Accountancy (NASBA) Board of Directors. CPA Evolution is a joint initiative between NASBA and the American Institute of CPAs (AICPA) in which the

Handling Competition: Is It Time To Be Innovative?    

July 27, 2020

By Christopher R. Cicalese, CPA, MSTFP Let’s get straight to the point. Despite what popular TV commercials may say these days, all people aren’t tax people. In addition, they might not be a CPA, an auditor or even a bookkeeper. The world of accounting continues to grow with “experts” trying to

More Credits and Incentives Could Be Included in the Next COVID Relief Bill

July 27, 2020

By Rick Meyer, CPA, MBA, MST Congress has a short period before their August recess and is taking a hard look at the next round of legislation to help with the impact of COVID-19. The research & development (R&D) credit, which has been used to encourage economic growth, is on the list -- along with

3 Ways to Take Action Against Cyberthreats

June 23, 2020

When news broke a few years ago that roughly 143 million people could have been affected by a hack at credit monitoring agency Equifax, it was just the latest report of a significant data breach. As concerns about cybersecurity mount, CPAs are in an excellent position to help strengthen the

Ransomware Is Everywhere. Here's What You Can Do About It.

June 23, 2020

By Thomas G. Stephens, Jr., CPA, CITP, CGMA One of the most — if not THE most — significant issues in information security during 2019 was the proliferation of ransomware. Unfortunately, this trend is likely to continue in 2020. Therefore, let us examine some ransomware statistics so we can prepare

Supercharge Your Compensation Program

June 8, 2020

By Ira Rosenbloom Prior to the pandemic, hiring and retaining top talent was of critical importance to all business owners, including leaders at accounting firms. While many firms pivoted over the past few months to deal with clients’ questions and concerns related to the coronavirus, when the dust

Hey, Young Pros: Accounting Is a Career, Not Just a Job

June 3, 2020

By Zach Shoaf, CPA As young professionals first enter the world of public accounting, some may see the profession as merely a 9-to-5 job that provides a paycheck and benefits. However, public accounting is much more — the opportunity to become an expert and leader in the field and provide excellent