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Professional News

Cryptocurrency: The future of nonprofit generosity

May 19, 2022

By Justin Greene, CPA Today’s world can be defined by constant change driven forward by technological advances. Artificial intelligence, Web3 and the metaverse were fairly fringe topics of discussion not long ago, and none more so than cryptocurrency. Bring up the word “crypto” in any conversation

Embarking on an FP&A career

May 13, 2022

By John Reynolds, CPA When I left public accounting for a role that included FP&A, many at my firm were unsure what that acronym meant. FP&A — financial planning and analysis — is a relatively new title, but it has begun working its way down from only the largest, most robust finance organizations

New book: How to start and advance in accounting

May 13, 2022

By Kathleen Hoffelder Whether a student is looking for a way to begin a new accounting career or a working professional has their eyes on a coveted chief financial officer job, a former managing partner in the KPMG Philadelphi office, Jerry Maginnis, CPA, has the inside tips and hands-on know-how to

It’s about the people 

May 3, 2022

By Suraj Naik, CPA Becoming a successful manager of people seems like a straightforward task. One: Identify the manager who you prefer to work under. Two: Do exactly what they do. So why do organizations spend countless dollars training managers on how to work with those under their supervision

Merging or acquiring? Don’t forget state and local taxes. 

May 3, 2022

By Terry Barrett, CPA Potential state and local tax considerations are often given only cursory attention in a merger or acquisition. If the transaction is structured as the acquisition of stock (or ownership interest in the case of a non-corporate entity), the acquiring company is obtaining the

Simple technology tools for CPA firms

May 2, 2022

While your staff is dispersed and working outside of the office, it is vital that you communicate regularly and have the tools to keep your business running as smoothly as possible. Here are several options to keep your business running efficiently. VSCPA Center for Innovation The VSCPA Center for

Difficult conversations: When they don't want to hear what you have to say

May 2, 2022

By David R. Peters, CPA We all have had them. Those moments when we know we have to tell a client something they do not want to hear. Perhaps it is when we have to tell the client that an expenditure is not deductible, like they were hoping. Perhaps it is that hot-button issue we know the client is

5 attributes of a great manager

April 27, 2022

By Genevieve Hancock Everyone has dealt with a vast array of managerial styles and individual personalities from different managers. Unless you are self-employed, you likely have a supervisor or manager that you have to learn to “manage upwards,” as well as manage any direct reports. Managing

Don’t let top talent walk out the door! 

April 25, 2022

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

Mastering the data domain: How you can get started

April 25, 2022

By Thomas E. Schmitt, CPA/CITP, CGMA, CISA This article complements “Master the Data Domain,” which appeared in the January/February 2019 issue of Disclosures . That article discusses how CPAs are uniquely qualified to help implement Master Data Governance (MDG) — essential for Master Data