Firm operations

TOPICS / FIRM PRACTICE MANAGEMENT

January 21, 2025

Activities to ease busy season stress

CPA firms have numerous options to relieve stress and show appreciation.

January 1, 2025

Building and running an accounting podcast

Two professors explain how they produce their Journeys of Accountancy podcasts, which feature successful accountants in a variety of careers.

January 1, 2025

Why firms should review their pricing

Reviewing and adjusting fees can solve problems with high client demand and low talent supply. Find out how to improve capacity and revenue.

January 1, 2025

Risk management mantras to add to your daily practice

January is a time to reflect on the past and set your intentions for the year to come.

December 1, 2024

How to not lose sleep over NOCLAR

CPAs can be at risk of a claim related to a client’s non-compliance with laws and regulations, or “NOCLAR.” Learn what to do should you encounter suspected NOCLAR.

November 18, 2024

PKF O’Connor Davies strikes a deal with private equity

The top 30 firm announces investment by two entities in the continuation of an industry trend.

November 1, 2024

Missed due dates: Diligence and the lurking danger

The IRS’s increased enforcement efforts come at a time when claims related to late or missed filings are increasing. A docket system can help avoid these errors, but it can’t do it alone. It needs your diligence.

November 1, 2024

Offshoring for CPA firms: The hows and whys

Offshoring can open the door to a global talent pool, but firms should follow best practices and avoid common pitfalls.

October 1, 2024

10 tips to help avoid wire fraud scams

CPA firms can protect themselves from falling victim to a wire fraud scheme by taking these actions before, during, and after payment processing.

September 1, 2024

Outsourcing and professional liability

CPA firms that outsource services need to understand what professional liability risks exist and what actions they can take to help mitigate those risks.

August 1, 2024

Single-owner firms: The thrill of flying solo

CPAs piloting their own accounting practices share their challenges, successes, and lessons learned.

August 1, 2024

Small firms find success with advisory services

Young and midcareer CPAs are embracing fresh approaches and modern technology to build flourishing CAS practices.

August 1, 2024

IRS funding and a potential rise in malpractice claims

The Service’s beefed-up audit capabilities provided under the Inflation Reduction Act focus on large entities and high-income taxpayers, but others may also face more audit risk, also exposing CPA tax preparers to malpractice claims.

July 1, 2024

Risk management creates more soft landings

In part 2 of a two-part series exploring the basics of negligence and professional liability litigation, learn why CPAs should interpret risk management advice through the lens of how negligence is litigated.

June 1, 2024

Falling hurts; so does litigation

In the first part of a two-part series exploring the basics of negligence and professional liability litigation, find out why CPAs should interpret risk management advice through the lens of how negligence is litigated.

May 1, 2024

Time for a tax practice tune-up

Building on busy season’s lessons learned, CPAs can turn to optimizing performance going forward.

May 1, 2024

Navigating the patchwork of pay transparency laws

The patchwork of state and local laws regarding pay equity can create compliance challenges for CPA firms that employ remote workforces, recruit nationally, or expand their geographical footprint.

February 1, 2024

Do names matter? Risk and the use of ‘merger’ or ‘acquisition’

Referring to an acquisition as a merger can have a serious impact on successor liability and inadvertently cause your firm to take on liability for services rendered by the acquired firm pre-transaction.

January 31, 2024

Finance leaders have trust issues with their data

Almost 40% of CFOs in a global survey do not completely trust the accuracy of their organization’s financial data, and trust is even lower for finance leaders who are closer to the numbers.

January 4, 2024

Gen AI, business model transformation, and more with AICPA & CIMA CEO

The CEO of AICPA & CIMA explains how the move by private-equity investors into accounting is just one step in firm transformation and why a world “devoid of trust” needs accountants.

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.