Professional News

By Dr. Holly A. Caldwell-Taylor, CPA Introduction As accounting employers expect workers to be well versed in skills which are constantly changing due to the advances in technology, the implementation of problem-based learning in the classroom allows for the enhancement of communication, teamwork

Each busy season, burnout looms heavy over accounting professionals. Here, four CPAs share strategies to beat burnout and achieve better work-life balance. By Kasia White It’s that time of year again: Busy season is right around the corner. This means another busy season of long, grueling hours

By Cheri G. David, CPA, CVA Traditionalist, Boomer, Gen X, Millennial, Gen Z — the greatest generations of all time! CPAs often don’t like change, especially before tax season, but one thing is certain: Change is inevitable. Not just in tax laws, new standards, updates from the PCAOB or new

The Virginia Department of Taxation (TAX) released the following pass-through entity (PTE) taxation reminders on Oct. 11, 2023: During the 2022 Session, the Virginia General Assembly passed legislation that established a Pass-Through Entity Tax (PTET). The PTET return (Form 502PTET) must be filed

CPAs must be very careful they don’t offer law advice when helping clients navigate beneficial ownership information (BOI) reporting under the Corporate Transparency Act. The Corporate Transparency Act (CTA) was enacted Jan. 1, 2021, as part of the National Defense Authorization Act, representing

CPAs must be very careful they don’t offer law advice when helping clients navigate beneficial ownership information (BOI) reporting under the Corporate Transparency Act. (See the Disclosures article " Watch Your Step " for information on the CTA and reporting requirements. Below are some tips to

UPDATE: The IRS has announced the ERC claims withdrawal process . Amid a flood of improper Employee Retention Credit (ERC) claims, the IRS announced on Sept. 14 that it will stop processing the ERC at least through the end of 2023 . The IRS is seeing a surge of questionable claims, concerns from tax

On Sept. 14, 2023, the IRS announced a pause on Employee Retention Credit (ERC) claims processing at least through the end of the year to help protect small businesses and organizations from scams. Now, the agency has details about the special withdrawal process to help those who filed an ERC claim

New pay transparency laws are requiring employers to disclose wages to prospective candidates and/or current employees. Though not required in all states, many employers — including CPA firms — are gambling on using the practice to attract and retain talent. By Carolyn Tang Kmet In March 2023, Alex

Embracing a growth mindset when undergoing change initiatives can help set your organization up for success. By Genevieve Hancock, CPA When I begin a speaking engagement with a new audience, normally I don’t have a quick hook in the introduction. On change management this is different. I always