Professional News

By Genevieve Hancock You’ve gotten your first job, and you’re ready to take your career up a notch. But how do you build your résumé to reflect your abilities and also your strengths? What will set you apart? Emphasize your leadership experience to snag the position of your dreams. Cover your basics

By Chris Comer Put a good idea in the hands of CPAs, and they’ll find innovative ways to make it even better. That’s exactly what’s happening right now with the new .cpa web domain. When .cpa was launched in fall of 2020, there were plenty of good reasons for firms to take notice. For starters, it’s

With fewer resources and oversight, nonprofits can be more susceptible to financial wrongdoing. Here, three experts discuss how accounting and finance teams can prevent these attacks. By Kasia White The risk of fraud is a serious concern for all types of businesses, but it can be particularly

With more workers feeling detached from their employers, some accounting firm leaders say building a strong work culture is the key to engaging and retaining top talent. By Bridget McCrea On any given workday, just 33% of employees are engaged in their work — a decline from 2020’s engagement rate of

Exemption amounts under the Tax Cuts and Jobs Act of 2017 are set to expire, making now an essential time for individuals and families to revisit their estate plans. By Daniel F. Rahill, CPA/PFS, JD, LL.M., CGMA The Tax Cuts and Jobs Act of 2017 (TCJA) brought about substantial changes to the tax

Diversity matters. What we say and do at work matters. So how do we change? How do we become the leaders and co-workers we want to be? How can we shape our firms and companies so they reflect a diverse and tolerant society? Here’s what we’re doing to start the conversation and how you can, too. 1

If pass-through entities (PTE) want to make a retroactive pass-through entity tax (PTET) election for tax year 2021, they must act fast! The Virginia Department of Taxation asks entities to file the PTET online via an iFile business account . Payments may be made via ACH or the PTET-PMT eform

For tax year 2023 returns, the Virginia Department of Taxation (TAX) says taxpayers and practitioners should still use the Offer in Compromise (OIC) process to request relief. Remember, TAX can only consider PTET penalty waiver requests after a taxpayer has received a penalty assessment.  The OIC

By Clare Levison, CPA, CGMA You know what technically makes a CPA a CPA — passing the Uniform CPA Examination and receiving state certification to practice accounting. But this also includes passing an ethics exam, because CPAs also have an obligation, both as human beings and as professionals, to

By Shifra Kolsky, CPA This time of year is when we often find ourselves both looking back in review and also looking ahead to our future goals. As I sit here reflecting on the past year, I find myself thinking of Peter Allen’s song, “Everything Old Is New Again.” In it, the lyrics say: “Don’t throw