It’s important to stay up to date with a document that can enable effectiveness and efficiency.
FASB issues proposal for consolidation of VIEs
A proposed ASU would give private companies an alternative for financial reporting associated with consolidation of variable-interest entities.
Tax provisions in the Senate health care bill
The Senate Republicans’ bill to replace Obamacare would repeal many of the Affordable Care Act’s tax provisions. Here’s a look at the tax changes in the bill.
What FASB has in store for not-for-profits
The pace of standard setting may slow in the coming months, but one key new project is on the horizon.
Quiz: Test yourself on these often confused words
The spelling checker on your word processing program can do only so much to flag problems. Your best insurance is to learn the troublesome words that trip up writers and use them correctly by the standards of formal, written English.
IRS reopens PTIN registration system
The system had been down since early June, after a federal court held that the IRS cannot charge a PTIN fee.
What audit committees need to know about PCAOB’s Form AP
Audit committees have new information to consider as a result of a new PCAOB rule requiring the naming of the engagement partner and other firms participating in the audit.
How the CPA Exam is scored
CPAs take immense pride in what they accomplished when they passed the CPA Exam, but the grading of the exam is a mystery to some. A new report provides some clarity on how the exam is scored.
How audit methodologies will change in the future
Embracing technology and making changes in your firm now will help your firm succeed in the future as new technologies enable auditors to provide more value to clients.
CPA firms: Create a niche practice serving the emerging gig economy
As entrepreneurial workers increasingly embrace the autonomy and flexibility of performing as independent contractors, they need CPA firms to help them with taxes, accounting services and other business needs.
Technology trends for accounting firm leaders
Rapid advances in technology are causing headaches and creating opportunities for accounting firms.
Create a workplace where employees want to stay
In a competitive environment, managers can do these five things to motivate and retain their best workers.
Good clients, bad clients: How to manage them all
Success starts with honing in on a firm’s “sweet spot” in terms of services provided, and identifying the firm’s best (and worst) clients.
Preserve family wealth—and your practice—by engaging the next generation
As wealthy Baby Boomers transfer their assets to Millennials, CPAs can help families preserve their assets and build loyalty to the firm by developing relationships with the younger heirs.
Staffing concerns again top list of CPA firm issues
Finding and retaining qualified staff again rank at or near the top of the priority list for firms with more than one professional.
Association, CPA.com launch ‘Shark Tank’ for startups
The Association and CPA.com Startup Accelerator will provide funding and other support to as many as five early-stage companies that emerge from a competition.
Why CPAs need to get a grip on blockchain
The decentralized ledger system may seem confusing, but it also adds up to new opportunities for savvy financial professionals.
Furious rush of digital disruption creates opportunities for CPAs to help clients
The demand is increasing for CPA firms to understand how new technologies are affecting clients.
Centralized partnership audit rules are reissued in proposed form
The IRS reissued proposed regulations governing the centralized audit rules, which assess and collect tax at the partnership level.
How to improve audit planning effectiveness and efficiency
Attention to the right details during planning can save time and enhance audit quality.
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How to find the right CAS clients
The key to success with CAS is selecting the best clients. Tools like ideal client profiles (ICPs), buyer personas, and even artificial intelligence can help identify the businesses that best fit each CAS practice.
