CPA firm practice management news and resources

TOPICS

November 1, 2023

QM is approaching faster than you think — get ready

Tips to catch up on implementing new quality management standards that firms offering audit and accounting services need to put into practice.

November 1, 2023

How mental shortcuts expose you to wire fraud risk

Despite warnings and trainings, wire fraud claims continue to increase in frequency and severity. Here are some tips to help short-circuit your natural responses to this threat.

October 25, 2023

Joshua Lance: Remembering a bright light lost

The 40-year-old founder of a virtual CPA firm, who passed away Saturday, made a real difference in the accounting profession and in the lives of those he touched.

October 24, 2023

Business model transformation: ‘Single best decision I’ve made’

A small-firm owner explains how the decision to cull her client base and change her billing structure netted positive outcomes on a level she couldn’t imagine.

October 5, 2023

Harnessing collaboration for workplace transformation

Advances in technology are turning the business world upside down — and accounting is no exception. The paradigm shift taking place calls for radical innovation and transformation. Collaboration is the key.

October 1, 2023

Generative AI and risks to CPA firms

Generative artificial intelligence platforms such as ChatGPT provide many opportunities for CPA firms, but there are also risks that should be considered before jumping in.

October 1, 2023

Navigating change

Becky Munson, CPA, Partner, Cloud Accounting Services, Eisner Advisory Group, LLC, talks about her experience spearheading the process of combining two CAS practices due to a firm merger.

October 1, 2023

MAP Survey shows firms on upward trajectory

Benchmarking study finds revenue and profit growth, also identifies areas where accounting practices could bolster their appeal for talent.

October 1, 2023

Leveraging advanced tech

Dean Sonderegger, Senior Vice President and General Manager Research & Learning, Wolters Kluwer Tax & Accounting North America, discusses how AI is transforming the accounting profession.

October 1, 2023

The state of DEI: A Q&A with Crystal Cooke

Crystal Cooke, director of Diversity and Inclusion at AICPA & CIMA, assesses the state of DEI initiatives and attitudes in accounting.

September 18, 2023

ESG Symposium synopsis: How to put firms in the driver’s seat

A new California law is the latest “market driver” pushing ESG reporting forward. With regulations rapidly developing on a global scale, the time has arrived for CPA firms to grab the wheel.

September 5, 2023

ESOP exploration: Can the ‘new’ ownership model age well?

As one of the nation’s largest CPA firms announces the formation of an employee stock ownership plan, the managing partner at a midsize firm entering its third decade as an ESOP shares some perspective.

September 1, 2023

Innovation for the modern accounting firm

Cathy Rowe, Vice President and Segment Leader, US Professional Market, Wolters Kluwer Tax & Accounting North America, discusses why innovation is critical to the modern accounting firm’s success.

September 1, 2023

How 3 firms tackle the audit talent crunch

Nontraditional career paths, international expansions, and automation are among the approaches three firms are using successfully.

August 15, 2023

Large firm shakes up business model with employee stock ownership plan

BDO USA calls the decision, effective Aug. 31, a ‘game-changer’ established in part to improve the firm’s ability to retain and attract talent.

August 10, 2023

‘All in this together’: Addressing the CPA pipeline issue

The chair of the newly formed National Pipeline Advisory Group shares how a group of stakeholders aims to address the profession’s talent shortage in this podcast episode with transcript.

August 3, 2023

How one small firm drastically cut its busy-season hours

Two CPA firm leaders share both their family journey and their firm’s journey to a streamlined work environment, including advice on how to shed unwanted clients, in this podcast episode with transcript.

August 1, 2023

Succession and practice continuation agreements

Entering into a practice continuation agreement with another CPA can help you plan and prepare for the unimaginable, giving you, your clients, and your next of kin some peace of mind.

July 1, 2023

Mitigating risk of large FBAR and international tax claims

Claims relating to U.S. filing obligations for foreign activity, including the FBAR, are getting increasingly more severe.

June 20, 2023

Why accounting firms need a strong strategic plan

As accounting firms look to transform their business model to keep pace with marketplace and demographic changes, it is imperative that they have a written strategic plan. This article outlines the plan’s elements and explains their value.