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Board of education: CPA firms, businesses can profit from clients’ advice

It’s no secret that CPAs take pride in their standing as trusted advisers to their clients. What’s not so well known is that CPAs can gain—and in many cases, literally profit—from the advice of those same clients.   Client advisory boards offer CPA firms and other businesses the opportunity to

Bridging compensation gaps in a merger

Accounting-firm mergers must overcome numerous obstacles. One of the most common—and challenging—involves compensation and benefits for partners and staff. Merging firms usually have differences in compensation levels, compensation methods and benefits packages. It’s crucial for staff and partner retention that the merging firms combine the varying systems into one without

Technology 2012 Preview: Video

With 2012 just around the corner, the JofA gathered the three technology keynote speakers from the AICPA’s 2011 Practitioners Symposium/TECH+ Conference to talk about tech trends heading into the new year. The nearly 90-minute conversation covered a wide range of technical issues critical to all CPAs. Participating in the call

The Lowdown on High Potentials

CPA firms trying to attract and retain top talent should emphasize career growth opportunities, salary and paid time off while maintaining an open-door policy that makes management accessible. That summarizes the key findings of the AICPA’s Private Companies Practice Section (PCPS) 2011 Top Talent Survey, which aims to help PCPS

Securing Remote Devices

Remote-access technologies—such as smartphones, tablets, laptops and at-home desktops—and automated processes have made the CPA’s job more efficient and convenient but also have created more opportunities for fraud and theft. These control procedures can help mitigate the risks. —By Randolph P. Johnston, (randyj@nmgi.com) executive vice president of Network Management Group

A Quick Guide to QuickBooks

More than 4.5 million companies use QuickBooks, making it by far the most widely used accounting system in the world. However, many CPAs frequently overlook or underutilize the product’s strongest features. Are you using QuickBooks efficiently and getting the most you can out of the product? Following is a list

CPA Horizons 2025: A Road Map for the Future

The AICPA has released the findings from a yearlong initiative to examine what’s on the horizon for CPAs and the accounting profession. CPA Horizons 2025 leveraged insights from more than 75,000 comments from CPAs in all segments of the accounting profession, regulators, thought leaders and futurists to highlight key trends

Technology 2012 Preview: Part 2

CPAs, whether in public practice or in industry, face a dizzying array of technological choices as 2012 approaches. To help everyone prepare for the year ahead, the JofA gathered the three technology keynote speakers from the AICPA’s 2011 Practitioners Symposium/TECH+ Conference to discuss the hottest tech topics in the accounting

High-Potential CPAs, the BIG Picture

Editor’s note: Also read “The Lowdown on High Potentials” in the December 2011 issue of the JofA. With the 2011 edition of its Top Talent Survey, the AICPA’s Private Companies Practice Section took a look for the first time at high-potential CPAs working in the business, industry and government (BIG)

E&Y CEO Turley Retiring Effective June 2013

James S. Turley is retiring as chairman and CEO of Ernst & Young effective June 2013, the Big Four accounting firm confirmed Wednesday.   In a communication to E&Y partners worldwide Nov. 10, Turley said that he would retire at age 58, according to a statement released by the firm. The succession

Software Trends for 2012

With 2012 just around the corner, the JofA gathered the three technology keynote speakers from the AICPA’s 2011 Practitioners Symposium/TECH+ Conference to talk about tech trends heading into the new year. The nearly 90-minute conversation covered a wide range of technical issues critical to all CPAs. Participating in the call

Social Media

With 2012 just around the corner, the JofA gathered the three technology keynote speakers from the AICPA’s 2011 Practitioners Symposium/TECH+ Conference to talk about tech trends heading into the new year. The nearly 90-minute conversation covered a wide range of technical issues critical to all CPAs. Participating in the call

Clifton Gunderson, LarsonAllen to Merge, Create Top 10 Firm

Top 20 accounting firms Clifton Gunderson and LarsonAllen said Tuesday that they plan to merge Jan. 2, 2012, creating one of the 10 largest CPA firms in the country. The new firm would take the name CliftonLarsonAllen (CLA) and boast more than $550 million in combined revenue. CLA would have

New Revenue Sources for CPA Firms

With 2012 just around the corner, the JofA gathered the three technology keynote speakers from the AICPA’s 2011 Practitioners Symposium/TECH+ Conference to talk about tech trends heading into the new year. The nearly 90-minute conversation covered a wide range of technical issues critical to all CPAs. Participating in the call

Family Business Transition Planning

Family relationships and values can make succession of family businesses even more challenging than for other enterprises. Here are some suggestions for family businesses that can make succession planning and execution less trying. (This article is adapted from a free white paper by the authors available at tinyurl.com/5uv6oy6.) By James

Technology 2012 Preview: Part 1

With 2012 just around the corner, the JofA gathered the three technology keynote speakers from the AICPA’s 2011 Practitioners Symposium/TECH+Conference to talk about tech trends heading into the new year. The nearly 90-minute conversation covered a wide range of technical issues critical to all CPAs. Participating in the call were:

Mobile Technologies: Tablets and Smartphones

With 2012 just around the corner, the JofA gathered the three technology keynote speakers from the AICPA’s 2011 Practitioners Symposium/TECH+ Conference to talk about tech trends heading into the new year. The nearly 90-minute conversation covered a wide range of technical issues critical to all CPAs. Participating in the call

Cloud Computing

With 2012 just around the corner, the JofA gathered the three technology keynote speakers from the AICPA’s 2011 Practitioners Symposium/TECH+ Conference to talk about tech trends heading into the new year. The nearly 90-minute conversation covered a wide range of technical issues critical to all CPAs. Participating in the call

CPA Horizons 2025: A Road Map for the Future

The AICPA on Wednesday released the findings from a yearlong initiative to examine what’s on the horizon for CPAs and the accounting profession.  CPA Horizons 2025 leveraged insights from more than 75,000 comments from CPAs in all segments of the accounting profession, regulators, thought leaders and futurists to highlight key trends

CPA2Biz to Launch “CPA.com” Email Service

CPA2Biz plans to offer a CPA-branded email service for AICPA members beginning this fall. Eligible members of the AICPA will be able to get an email account in their own name ending in the cpa.com domain. John Smith, for example, could get the address john.smith@cpa.com. Members with common names can

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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.