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Professional News

Reverse ageism

April 1, 2022

By Genevieve Hancock In one form or another, each of us has heard of age discrimination, generally on the older side. But what about on the younger side? What if you excelled and ended up exceeding expectations in a management position or high-level role at a young age? Speaking from experience, I

New managers: Cultivate these core leadership skills

March 31, 2022

By Kathy Gutierrez, MSHRD, CPLP, PHR You finally earned a promotion to manager. But after the congratulations from colleagues and new business cards, it’s up to you to maximize this new role and grow into an impactful leader and respected colleague. Here’s the thing about leadership, though: it is a

7 mergers, 5 years: How one firm did it

March 31, 2022

By Peter B. Reilly CPA, CVA Just five years ago, Councilor, Buchanan & Mitchell, PC (CBM) was a 38-person audit and tax practice with one office in Bethesda, Md. But after an aggressive approach to acquisition, we’ve transformed a somewhat vanilla firm into one of the area’s top 25 accounting firms

Handling competition: Is it time to be innovative?

March 30, 2022

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

From public accounting to corporate finance — and back

March 30, 2022
When it comes to the great accounting questions, “public or private?” is as ingrained in the field as “tax or audit.” But the decision a young accountant makes at the beginning of his or her career doesn’t have to lock them in until retirement. Accountants make the transition from public to private (or vice versa) en masse every year, and it can even be desirable to bring the skills from one to the other. We spoke with some VSCPA members who had made the switch one way or the

How to manage stress and improve your health and performance

March 29, 2022
Work-related stress is at its apex for a large portion of the accounting industry. While it’s impossible to fully eliminate the workload concerns that trigger many CPAs, there are ways to mitigate the negative effects of busy season or other stressful times of year. While you might wear your busy

Ransomware is everywhere. Here's what you can do about it.

March 29, 2022

By Thomas G. Stephens, Jr., CPA, CITP, CGMA One of the most significant issues in information security is the proliferation of ransomware. Unfortunately, this trend is likely to continue. Let's examine some ransomware statistics so we can prepare to defend our data. What is ransomware? Ransomware is

So you want to expand your practice. Now what?

March 29, 2022

By Tom Mishoe, CPA, CMA, MBA CPA firm growth may occur either organically or through acquisition. Firms often choose to acquire other practices to (1) more quickly achieve desired client, revenue or profit growth, (2) fill existing or expected partner/employee, geographic or service capability

4 ways to unplug

March 29, 2022

By Peter Kwon, CPA Have you tried turning it off and on again? No, not your smartphone: your mental and physical well-being. Unlike machines, humans do not have hard drives that will keep us running nonstop. We all need sufficient time to unwind, recharge our batteries and unplug ourselves from the