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Ready to Move Ahead?

Present a positive role model. Take a good look at the image you project. Recognize the value of the whole person. There’s more to success than the number of hours billed or promotions earned. Balance your professional and personal goals. Take advantage of flexible work arrangements that allow you to

Flextime to the Nth Degree

After her twin boys were born in February 2004, Ann Donaghey decided to take an extended period of time off from her job as senior manager in the tax practice of Deloitte & Touche LLP’s Chicago office. Although she had been on a successful flexible work arrangement and had been

The Proof Is in the Payback

W e hear a lot in business about the importance of the tone at the top in motivating people to do the right thing. What leaders do (not just say) is a defining factor in how the rest of the organization behaves. The right tone is essential not only in

Color Barriers

A two-part survey—conducted by Catalyst in 1998 and again in 2001—of African American, Hispanic and Asian American women in corporate management, including accounting firms, revealed both positive and negative trends. On the positive side, respondents said they Experienced positive career growth. Employed several key strategies to succeed—with great emphasis on

“Mirror, Mirror, On the Wall: Have I Got My Priorities Straight?”

Burned out—or balancing tasks well? Are you juggling multiple tasks every day and exhausted from the demands of your personal and professional life? Perhaps it’s time for a schedule that provides more opportunity for work/life balance. There may be times in your career when an alternative schedule provides the support

Second-CPA-Firm Update

  EXECUTIVE SUMMARY SMALL FIRMS CAN HELP COMPANIES implement the Sarbanes-Oxley Act’s ongoing requirements, take on engagements the company auditor may no longer perform or pick up assignments that larger firms forgo because they are too involved in Sarbanes-Oxley-related engagements. SECOND-CPA-FIRM WORK IS VARIED: One firm is tailoring a new

Answer Please: Fraud-Based Interviewing

EXECUTIVE SUMMARY ONE WEAPON AUDITORS CAN USE AGAINST FRAUD is simply to speak to clients, managers and employees while observing their behaviors. Normal interview skills may be insufficient to determine whether an individual is withholding information, shading the truth or outright lying, so it’s wise to learn fraud-based interview skills

Stay Out of Trouble

EXECUTIVE SUMMARY DEBATE HAS RAGED FOR YEARS i n financial and accounting circles over issues of independence, auditing and accounting standards, and corporate governance. In the event of an auditing malfeasance trial, a juror—unaware of this larger context—must arrive at a verdict based on what he or she learns about

Institute Appoints Liaison for International Activities

New director to manage Institutes international relationsAICPA personal finance Web site twice honoredInstitutes CPA Marketing Tool Kit cited for excellence. The AICPA in June named Gary M. Scopes, CPA, to be its director, international relations. He brings to the position experience in auditing, standards implementation and ethics enforcement. In addition

AICPAs Financial Literacy Site Wins Laurels

The Institutes online personal finance community won honors in two competitions. The primary site ( www.360financialliteracy.org ), which promotes CPA pro bono efforts to educate the public in personal finance, earned a Communicator Crystal Award for excellence in communication to its target audience. In addition, the sites latest addition (

Institutes Marketing Resource Gains Prize

The AICPAs CPA Marketing Tool Kit won a Big Apple Award from the Public Relations Society of America for exceptional support of marketing communications. Meanwhile, the Institute augmented the kit with a new brochure and speech designed to help members market their business consulting services to clients ( www.aicpa.org/cpamarketing ).

Nothing Succeeds Like Succession

EXECUTIVE SUMMARY SENIOR PARTNERS AT CPA FIRMS NEED TO PLAN how they will cash out of their practices. A firm’s revenues greatly depend on clients’ repeat business, so however partners choose to exit, maximizing value when they leave requires having knowledgeable, prepared successors who can keep clients during a transition.

“Would You, Could You, Should You Blog?”

EXECUTIVE SUMMARY BLOGS (SHORT FOR WEB LOGS) are an information-sharing tool with many business possibilities. They offer commentary on a variety of topics with links to Web sites or other online resources. Low operating costs make blogging a great marketing and knowledge management option for small firms. A BLOG TYPICALLY

“Outsourcing, Offshoring, Nearshoring: What to Do?”

EXECUTIVE SUMMARY FANS OF OFFSHORE OUTSOURCING SAY it lowers labor costs; it’s efficient; and it lets firms accept new work during periods of peak demand. SOME LONG-TERM CONCERNS CPAs VOICE ARE: How will outsourcing affect the traditional CPA career path? How will it affect U.S. employees’ training? How will accountants

Six Steps to Better Marketing

Loyal clients are the most important source of referrals there is, so if you want to get more business, concentrate on the ones you already have. That means giving clients the attention they deserve. Here are six steps you can take to improve your communications effectiveness.     Get an

SmartStopsOnTheWeb

Big Small Business Resources www.bizoffice.com CPA sole practitioners planning to start or grow their own firms can get information on financing and government grants, business plans and Internet marketing in this site’s BizOffice Library. Other links lead to tips on small business survival and strategic planning. Get the Word Out

Outrageous Employee Benefits

EXECUTIVE SUMMARY THE PARTNERS AT VITALE CATURANO & CO. (VCC) have listened carefully to what employees and potential hires say matters to them in the workplace—growth, intellectually stimulating and diverse projects, and a sense of being appreciated. VCC ATTRACTS STAFF AND ENCOURAGES LOYALTY by offering a generous work/life incentives program

Hit Your Target With Effective Marketing

Financial advisers can build up their practices by clearly identifying the clients they want and targeting their marketing campaigns to reach them. Here are some points to keep in mind. Identify your target market in detail. A clear focus produces the best results. It’s easier and less expensive to reach

Peer Review Is Stronger and Better Now

EXECUTIVE SUMMARY THE AICPA REVISED ITS STANDARDS for performing and reporting on peer reviews for firms that do not audit SEC registrants. The revised standards, effective for reviews commencing on or after January 1, 2005, will enhance the quality of peer reviews and increase the usefulness of peer review reports

Payroll: A Tie That Binds

EXECUTIVE SUMMARY EVERY BUSINESS HAS TO PAY ITS STAFF and its taxes. Many CPAs are addressing those twin needs by offering to help their small-business clients, not just with taxes but also with the many chores that go into payroll processing, from after-the-fact tax filings to benefits administration. IMPROVED TECHNOLOGY

SPONSORED REPORT

Preparing clients for new provisions next tax season

As the 2025 filing season approaches, H.R. 1 introduces significant tax reforms that CPAs must be prepared to navigate. These legislative changes represent some of the most comprehensive tax updates in recent years, affecting both individual and corporate taxpayers. This report provides in-depth analysis and guidance on H.R. 1.