Professional News

Unfortunately, too often we accept half a client or a quarter of a client who discuss just some of their needs and wants with us. We need to understand the whole picture and all our client’s most important things. It’s about defining what approach you take to your clients and how you offer and

Do you remember the “Big Eight” accounting firms? If you graduated from college around 1990 or later, the answer to that question may be “no.” For earlier generations of CPAs, the following top players are likely quite familiar. Arthur Andersen LLP Arthur Young Coopers & Lybrand Deloitte Haskins and

The United States has seen historic levels of federal funding in response to the COVID-19 pandemic. Various laws, including the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the American Rescue Plan Act (ARPA) have provided billions of dollars to American businesses, state and local

By Rick Meyer, CPA, MBA, MST The Employee Retention Credit (ERC) is huge! In March 2021, this credit was extended through Dec. 31, 2021, and expanded as part of the American Rescue Plan Act of 2021 (ARPA). But, let’s face it ... many of us CPAs, the highly trusted, value-added professionals, are

By Ira S. Rosenbloom, CPA (inactive) The common perception of accounting firm mergers and acquisitions (M&A) is that these deals are driven by the succession and exit planning challenges of the selling practices who may have too thin of a bench of talent from which to pull for continuation. So

As companies become more aware of clients’ and customers’ desire for data on their environmental and social impacts, accounting and finance teams are being asked to conduct environmental, social and governance (ESG) reports. ESG data in mainstream financial reports is accelerating, according to the

By Ira Rosenbloom, CPA CPA firms are constantly changing. Technology advances. Legislation gets rewritten. Client services are added or removed. And, of course, team members join and leave. With all of the change, the dependence on quality talent to lead and sustain the firm remains. Hiring and

As we navigate a post-pandemic life and change long-held work beliefs, it’s a great time to refocus our mindsets and create healthy habits that support our mental well-being. Sarah Elliott, CPA, co-founder of Intend2Lead , a VSCPA Center for Innovation partner, discussed ways to reach your peak

As Congress continues to vet the second phase of the Setting Every Community Up for Retirement Enhancement (SECURE) Act prior to voting, CPAs can begin preparing to advise their clients. You might already be getting questions about some of the changes being proposed from the first phase of the Act

By Chip Knighton Take a drive around the Charlottesville area or the western reaches of Northern Virginia and you can’t help but notice the signs, bearing names like Barboursville, Jefferson and Catoctin Creek. Over the past decade, Virginia wineries have sprouted up seemingly as quickly as the