Professional News

CPAs have valuable skills and abilities that can be incredibly beneficial to nonprofit organizations, from large charity groups to church boards of trustees to parent-teacher organizations. If you’re asked to serve, don’t be scared about the effect on your license status. There’s lots of guidance

Countless retirement provisions will take effect in the coming years because of the act — here are the ones to take note of during your 2023 planning. By Daniel F. Rahill, CPA/PFS, JD, LL.M., CGMA Three years after the Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted

Virginia CPAs knee deep in tax season are anxiously awaiting software provider updates related to 2022 pass-through entity (PTE) tax legislation (the SALT cap workaround). The legislation allows PTE owners to claim a corresponding refundable elective tax payment credit on their individual and

As firms and corporate finance teams compete to hire the best accounting talent and keep up with unprecedented demand, the 2022 Compensation & Benefits Survey reveals CPA firms are increasing newer accountants’ salaries and support for aspiring CPAs and exploring other solutions like offshoring and

By Art Auerbach, CPA, CGMA The Inflation Reduction Act of 2022 includes several tax-related provisions CPAs should be aware of coming into tax season. Other issues of note are related to the Employee Retention Credit and the IRS penalty policy. Penalty relief At the recent American Institute of CPAs

By David Peters, CPA, CFP, CLU, CPCU I am a big believer in the 80/20 rule — 20% of your clients usually cause 80% of your problems. While most of your clients are probably great, there are always those few. The ones you never feel fast enough for. The ones you always feel like you are chasing your

By Peter Kwon, CPA Congratulations, your digital collectible sold! Many people would never dream of investing their hard-earned money into a digital collectible, more commonly known as a non-fungible token (NFT). But surprisingly, NFTs have experienced an unprecedented surge in popularity over the

By Genevieve Hancock, CPA Each persons’ individual communication style comes across in many different ways. These types of communication can include a broad range of skills, either direct or implicit. From your body language to whether you ask questions and imply empathy, learning how to communicate

By Harold G. Martin Jr., CPA/ABV/CFF, ASA, CFE Country music fans know that every (well, almost every) country song has a recurring theme: A guy loses his girl, his dog leaves him, he wrecks his pickup truck and now he spends his nights at the local honky-tonk drowning his sorrows. There is also the

By Brigid D’Souza, CPA Entry-level staff will be well served by building their Excel toolkit early. The list below is largely gleaned from my experience working for a Big 4 tax firm in a quantitative consulting practice, but also from weaving Excel into my advanced accounting classes at Saint Peter