This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.
John Sapp is the chief revenue officer at Drake Software, one of the largest professional tax software companies in the nation. As a certified public accountant since 1987, he has considerable experience in public and private accounting for the technology industry.
When a CPA firm engages a third party to help a client with an issue that requires special expertise, the firm may still be held liable for deficiencies in the third-party expert’s work. Professional standards outline steps a firm can take to mitigate this risk.
The co-author of the JofA’s Professional Liability Spotlight column discusses common strategies used by cybercriminals and how they can be mitigated.
These tips can help diminish the likelihood and impact of a cyberattack.
CPAs assess how their return preparation products performed.
A look at claims against CPA firms in 2021 reveals some changes from prior years and points to future trends in this area.
Kovel agreements, where an attorney, rather than the client, engages a CPA, may provide the client greater protection by extending attorney-client and attorney work product privileges to the CPA.
Claim experience of the AICPA Professional Liability Insurance Program has demonstrated that rogue behavior, especially at the partner level, can lead to professional liability claims.
The rise of remote work is an opportunity to evaluate where work gets done.
Three CPAs discuss the importance of planning to have a debrief after an intense period of work, whether tax season or a busy sales cycle, in this podcast with transcript.
Sanctions in response to the war in Ukraine include a ban on accounting and management consulting services, according to government statements issued Monday.
Even small decisions or quick conversations may have significant, and expensive, consequences.
An ENGAGE speaker shares six core principles for business and why the abbreviation FP&A means multiple things to him in this podcast episode with transcript.
Organizations seeking to identify and hire finance talent can follow the advice in a recent article or further explore a new apprenticeship program detailed in this podcast with transcript.
Noncompete agreements should be reasonable in scope and narrowly drafted to protect a legitimate business need.
A CPA firm owner shares some of the fears she overcame, advice to those thinking of opening a firm, and the ways she takes mental breaks in this podcast with transcript.
In addition to creating unnecessary stress for CPAs, clients who fail to respond timely increase a CPA firm’s professional liability risk.
Case law provides a guide for steps to take to make sure electronic signatures are legally binding.
Several factors come into play when adjusting rates in order to run a profitable and healthy business.
"I saw accounting wasn’t just about numbers — it was about getting to know different clients as well as their businesses and industries," says Amish Mehta, CPA.
SPONSORED REPORT
Get Clients Ready for Tax SeasonThis comprehensive report looks at the changes to the child tax credit, earned income tax credit, and child and dependent care credit caused by the expiration of provisions in the American Rescue Plan Act; the ability e-file more returns in the Form 1040 series; automobile mileage deductions; the alternative minimum tax; gift tax exemptions; strategies for accelerating or postponing income and deductions; and retirement and estate planning.
