Featured Online Content for October 2010



Clarke Price

Tech Tips From Clarke Price

Clarke Price, president and CEO of the Ohio Society of CPAs, is something of a techie. He has made it a habit to reach out to CPAs and other professionals for feedback on their favorite apps for everything from smartphones to the iPad. Hear why Price thinks it’s helpful to get in on the conversation about apps, even for devices you’re not using. He also discusses the growing importance of mobile technologies and cloud computing and the downside of waiting too long to upgrade systems or try new tools.


Also on journalofaccountancy.com, read “Tech Talk” columns on client portals and mobile technology options for CPAs. For an introduction to cloud computing, see “Cloud Computing: What Accountants Need to Know.” 






The Importance of Knowing Your Worth

James Metzler, CPA, AICPA vice president–Small Firm Interests, discusses tips to help CPAs convey their value to clients and common mistakes to avoid during the value conversation.





Proposed Revenue Recognition Standard

The AICPA published a set of frequently asked questions and answers on FASB and the IASB’s published exposure draft, Revenue from Contracts with Customers, which is open for public comment until Oct. 22. Questions in the FAQ document address the time frame, major differences and in what scope the project will affect CPAs.


Carol ScottVIDEO

Hiring and Employment Outlook in Business and Industry

Carol Scott, AICPA vice president–Business, Industry and Government, analyzes results of the AICPA/UNC Kenan-Flagler Business & Industry Economic Outlook Survey, 3Q 2010. Nearly a quarter of the more than 1,500 CPA financial executives surveyed indicated their organizations had too few employees but are hesitating to hire until uncertainty regarding the economy is resolved. For more about the survey, click here.





LinkedInJoin a LinkedIn Group


LinkedIn is a popular website used by professionals to find past and present colleagues or search for networking or job opportunities. But it’s also a great place to connect with peers who have similar interests. The “Groups” feature on LinkedIn received an overhaul this year, making it easier to join discussions and share ideas on the topics you’re interested in.


To search for groups of interest, sign in to your LinkedIn account at LinkedIn.com. If you are not currently a LinkedIn member, there’s an option to create an account on the home page. Once you’re logged in, you can find groups in the Groups Directory, located at LinkedIn.com/groupsDirectory. There are options to search for groups by keyword, category (such as corporate, alumni or networking) or language in the left column. For example, a search for “AICPA” will give you the option of joining the official AICPA LinkedIn group, which is open to all AICPA members. Just click “Join this group” to the right of the group name.


Upon joining a group, take some time to observe the group and its members. What sorts of topics are discussed? How do group members interact with one another? Under the “Discussions” tab, you can look at the most popular discussions to get a sense of the group’s dynamics. Some groups also offer a job board (under the “Jobs” tab), plus there’s the option of searching for specific group members by name or keyword (under the “Members” tab).


For more social media tips, visit facebook.com/JournalofAccountancy and click the “Tips” tab.


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Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.