Professional News

By Melisa Galasso, CPA On Feb. 4, 2021, the American Institute of CPAs (AICPA) Auditing Standards Board (ASB) issued a three-part exposure draft addressing quality management. Two of the exposure drafts would create Statements on Quality Management Standards (SQMS) to replace the current Statements

By Jordan C. Hartman, CPA In the fast-moving environment we often find ourselves operating in, it can be hard to overstate just how important the adoption of new technologies will be to the future of our profession. Certainly, we have all been exposed by now to a handful of technologies that will

By Bennett Dean, CPA As the United States continues to cope with the economic effects of the COVID-19 pandemic, a tax incentive created in the Tax Cuts and Jobs Act (“TCJA”) has the potential to provide relief to some of the hardest hit communities and businesses. That incentive is the Qualified

As businesses everywhere resume traditional operations, the importance of working efficiently, securely, and even from remote locations is more critical than ever. Organizations of all types and sizes will face numerous challenges as they attempt to return to “normal” operations. Among these are how

By Gary M. Bolinger, CAE The past couple of years has presented challenges in our business and personal life that were unimaginable not so long ago. The pandemic, social unrest and political discord all contribute to these challenges. No one was prepared for the challenges we have faced. Remote

By Ann Rankin, CPA, CFF, CFE, and Amanda Blanks Studies show a person’s financial decision-making peaks at age 53, or more generally in their 50s. With individuals in the United States living longer, we are seeing an increase in financial exploitation of seniors. In fact, financial exploitation is

CPAs can exhale. Today, Gov. Ralph Northam signed legislation to advance the date of conformity of Virginia’s tax code to the U.S. Internal Revenue Code from Dec. 31, 2019, to Dec. 31, 2020. Because of the bill’s emergency clause, conformity goes into effect immediately and is retroactive. The House

By Amanda Phelps, CPA How many times have you dreamed of being more “work”-based than “time”-based? Do you dream of being your own boss? Do you want to create your own schedule and set your own vacation parameters? I had these same thoughts and my entrepreneurial spirit was yearning for something

By Rick Meyer, CPA, MBA, MST As we start the new year, hopefully fresh from all the tax drama, we can at least take a deep breath and rejoice about some COVID-19 tax relief. On Sunday, Dec. 27, 2020, the president signed into law the Consolidated Appropriations Act (CAA), a combination of COVID-19

By Tracie Daniels, Synergy Consulting , VSCPA Diversity, Equity & Inclusion Partner Without a doubt, 2020 was a challenging year. From dealing with the outbreak of COVID-19 to the overwhelming events centered around police brutality, last year was unimaginable, but how 2021 will be is up to us. In