Professional News

The new year will be here before you know it. Cross these items off your list before January starts! 1. Communicate year-end tax planning tips. Reach out to your clients with tax planning information they should take care of for the end of the year, such as charitable and retirement contributions

Did you know tax pros CONTINUE to be prime targets for ID thieves and data breeches? The IRS reminds CPAs and tax preparers to stay vigilant. The U.S. Internal Revenue Service (IRS) and its Security Summit partners urged tax professionals to reassess their plans for protecting themselves and their

As clients approach retirement, they may look to their CPAs for advice on making health care coverage decisions. By Al Kushner As trusted advisors, CPAs often play a crucial role in helping clients navigate financial decisions as they approach retirement. One of the most critical considerations for

As of July 1, 2024, firms using “CPA” in their names must be licensed as CPA firms in Virginia or have firm licenses from another state. Previously, use of CPA in a firm name depended on ownership percentage; at least 51% of the firm had to have been vested in CPA licensees for the firm to use “CPA

By Neena Shukla, CPA, CFE, CGMA Government organizations are no strangers to the cunning tricks of fraudsters. With vast resources, complex operations, and public scrutiny, they face unique challenges in detecting and preventing fraud. But fear not! Let’s delve into the fascinating world of fraud in

The emotional, psychological and physical effects of burnout on employees will ultimately affect the productivity and profits of their organizations. By Maureen Dingus, CAE, and Jill Edmonds Inflation. Global uncertainty. Changing laws and regulations. Many circumstances keep CPAs up at night, but

Across the country, states and localities are addressing population and migration shifts by offering relocation incentives. By Joshua J. Malancuk, CPA, CMI Remote workers and others looking for a change of urban scenery are tapping into newly created state and city relocation incentives. The Census

The AI discovery process provides a framework for CPAs to figure out how best to utilize AI and ultimately save time, money and maybe a little sanity. By Rick Meyer, CPA, MBA, MST If I read one more AI article, I’m going to pull what’s left of my hair out! Seriously, I’m tired of the theoretical

By Brian Kush, CPA, PCC Accountants are busy. And if you’re a leader at your organization, you may feel the need to have all the answers all the time, your plate is always full, and you’re moving from one task to the next as quickly as possible (even though you never quite get everything crossed off

At a time when discretionary spending is tight, and pressure to grow revenues remains high, CFOs are increasingly focused on cost optimization. CFOs know that proactively allocating and managing costs, and removing activities that drag down earnings, can contribute to sustained value-creating growth