The AICPA is requesting that all licensed or registered CPA firms be exempted from forthcoming rules that require beneficial ownership information to be reported by small businesses to the Financial Crimes Enforcement Network (FinCEN).
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Firm practice management
4 reopening mistakes employers must avoid
As firm leaders prepare for a post-pandemic work world, they should take care to plot a path that steers clear of potential pitfalls — four of which are explored in this article.
Coffey promoted to CEO–Public Accounting
Sue Coffey was promoted to CEO–Public Accounting for the Association of International Certified Professional Accountants.
Understanding the professional liability claims process
We pull back the curtain on the claim process and highlight what to expect if you face this unfortunate situation.
Resilience lessons for women accountants
Fortitude, mentoring and lifelong learning can help women navigate their careers in the accounting profession, according to three women leaders who shared their stories.
The pandemic pushed us forward. Let’s keep evolving
This article discusses how CPAs should plan for and expect significant organic growth based on the transformation that occurred due to the pandemic.
Can accounting firms mandate vaccines?
There are many legal and human resources considerations firms must weigh before crafting a vaccine policy for their staff.
Find success with virtual campus recruiting
This article offers tips to help firms succeed at virtual recruiting.
Breaking a barrier: The first Black partner of Big Eight firm
In 1971, 50 years after the first Black CPA received his license, Elmer J. Whiting Jr. became the first Black partner of one of the nation’s largest accounting firms. His achievement helped to influence and inspire his firm, his community and ambitious professionals following his footsteps.
What we can do to increase the number of Black CPAs
African Americans are still underrepresented in the accounting profession: Only 2% of CPAs are Black. In this second part of a two-episode podcast, we look at what the profession can do to increase the number of Black CPAs.
How the 2021 busy season is different
Some accounting firms prepared for the 2021 busy season by staffing up and offering more flexible work options for employees dealing with family issues during the pandemic.
How hiring practices have shifted as a result of the pandemic
Companies should consider benefits and challenges of hiring workers outside their geographic area.
The struggles and triumphs of the first Black CPAs
We take a look at the remarkable accomplishments of Black CPAs in the 20th century, featuring the testimony of two CPAs who witnessed Black CPA history firsthand: Ruth Harris, the first Black female CPA in Virginia, and Frank Ross, one of the founders of the National Association of Black Accountants.
Keys to striking an effective balance as a manager
This article offers tips on balancing empathetic leadership with critical business goals.
How CPAs can help clients combining households during the pandemic
CPAs share their thoughts on how to help clients through changes in households.
Broaching tough conversations with clients
CPAs are knowledgeable about their small business clients’ financial conditions and emotionally removed enough from the organizations to help business leaders see what they often would rather avoid.
Opening doors for others: The first Black woman to become a CPA
In 1943, Mary T. Washington Wylie became the nation’s first Black woman to earn the CPA license. Her life illustrates the difference that one enterprising professional can make for many future generations.
6 tips for mitigating and recovering from burnout
This article offers strategies for dealing with burnout at your accounting firm.
A CPA leader’s view on the rise of women in the profession
Hear a conversation with Lara Abrash, CPA, chair and CEO of Deloitte & Touche LLP, on diversity, along with updates on provisions of the stimulus bill and more.
PEEC addresses ‘Records Requests,’ limits on loaning staff to attest clients
The AICPA Professional Ethics Executive Committee issued an amendment that clarifies the responsibilities of AICPA members responding to client requests for client-provided records. PEEC also limited firms’ ability to loan staff to attest clients.
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Get your clients ready for tax season
Help clients avoid surprises with year-end planning strategies for managing taxable income, maximizing deductions, and adjusting to OBBBA changes affecting individuals and businesses.
From The Tax Adviser
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Sec. 338(h)(10) elections in business acquisitions
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