Professional News

By Anthony Otaigbe, CPA Business owners and executive managers alike are responsible for protecting and growing profitability, but they are often ill-equipped with all necessary strategies to best to ensure profitability while maintaining shareholder value. Developing an objective basis for officer

Technology is both the biggest threat to an accounting practice in 2018 and its greatest salvation. Attendees at the 48th Annual Virginia Accounting & Auditing Conference (A&A), held in three locations around the state last fall, learned about how various facets of technology, like data analytics

By JJ Edmunds, CPA, and Genevieve Hancock, CPA While the destination for auditing has not deviated, the path on how we get there has changed due to COVID-19. With offices closed everywhere, and especially closed to outside auditors, the ability to perform audits from a remote location has become a

By Scott Stern, CPA While so many things in 2020 have been postponed, cancelled or stalled, closing the books at the end of the year is a reality that all business owners will need to face as planned. Yet, this routine practice will look nothing like past years in many ways. Accounting for PPP loans

By Howard M. Silverstone, MBE, CPA, CFF, and Marion Wickersham, CFE The federal Controlled Substances Act (CSA) regulates the manufacture and distribution of controlled substances, such as narcotics, depressants and others. Under the CSA, drugs are categorized into five classifications (schedules)

By Ryan Cram, CVA, and Ron Seigneur, CPA/ABV, CVA The way we do business and conduct our lives generally will forever change in a post-COVID-19 era. Innovation and adaptation will drive new models and modes of successful operations in many sectors. Ten of the 11 states that currently allow access to

As many counties and states loosen COVID 19–related restrictions for employers across the country, more questions than answers arise regarding best practices in return-to-work procedures. This “new normal” is anything but normal, and information and best practices about how best to structure return

Yes, more and more people are discovering the perks of working from home during the pandemic. But that doesn’t mean the whole workforce wants to stay there. While two-thirds of the workforce wants the flexibility of hybrid work options, fewer than 20% want to work remotely full time, said Susan

As firms and companies across the globe quickly responded to the coronavirus pandemic with remote working, a new survey from Aon highlights the steps companies are taking to become more resilient. The “Accelerating Workforce Agility and Resilience” survey , conducted in August, reveals the following

Even in these challenging times, about half of Virginia CPAs think the Commonwealth’s economy is moving in the right direction. That’s one of the big takeaways from the sixth annual Economic Expectations Survey conducted by the Virginia Society of Certified Public Accountants (VSCPA) this fall in