Predictions for 2024 By Yael Parkoff Here are my predictions for 2024: CPA firms will need to put greater emphasis on staff retention. As the world…
A Managing Partner’s Vision—Setting Goals and Executing Them
An Interview with Bill Hagaman, former Managing Partner, CEO of Withum
This article is based on an interview with Bill Hagaman, Withum's Managing Partner, CEO from 2010 to 2022, conducted by Martins Jukna-Parsons, senior accountant at…
State of the Profession
Predictions for 2024 from NYSSCPA Members
Predictions for 2024 By Yael Parkoff Here are my predictions for 2024: CPA firms will need to put greater emphasis on staff retention. As the world…
Reflections on Sidney Kess
In Memoriam
There are very few people you meet that are truly a pleasure to interact with every time you speak with them, and Sidney Kess was…
There are many reasons why CPAs decide to leave public accounting firms. Based on my experience, I believe some of these reasons are personal and…
The column, “Underpricing Leads to Undervaluing,” by Jason L. Ackerman in the Sep/Oct 2022 CPA Journal was a great article. I wholeheartedly endorse and agree with…
There are many reasons why CPAs decide to leave public accounting firms. Based on my experience, I believe some of these reasons are personal and…
Book Review: Ethical Obligations and Decision Making in Accounting: Text and Cases, Sixth Edition
By Steven M. Mintz, and William F. Miller
The day I finished reading this ethics textbook, I saw a school bus full of kids traveling at least 40 miles per hour on a…
ICYMI | The State of the Profession
Predictions for 2022
In Brief To complement the data-driven analysis presented in the Rosenberg Survey (see page 20), the authors assembled a virtual roundtable of observers from around…
Over the past 20 years, many public accounting practices transformed into accounting businesses, with some even becoming multifaceted professional services organizations. The shift was precipitated…
The State of the Profession
Predictions for 2022
In Brief To complement the data-driven analysis presented in the Rosenberg Survey (see page 20), the authors assembled a virtual roundtable of observers from around…
It was 90 years ago that my father started his first job in public accounting. When he died in 1976, I took over his practice.…
It was 90 years ago that my father started his first job in public accounting. When he died in 1976, I took over his practice.…
By Steven Mintz and Roselyn Morris McGraw-Hill Education, 2019, ISBN 978-1259969461, $287.30 (Hardcover) Reviewed by Edward Mendlowitz Before I begin my review of this casebook…
It was 90 years ago that my father started his first job in public accounting. When he died in 1976, I took over his practice.…
Financial planning services can be a separate service or an add-on to tax or other services. With the Tax Cuts and Jobs Act's (TCJA) simplification…
In Brief Trusts enable individuals to ensure the financial health of loved ones long after they are gone, but only if they are properly set…
Evaluating the Financial Planning Services Business Model
Is It the Right Time to Start a Planning Practice?
Financial planning is a generic term for all of the services that CPAs perform that deal with a client's individual wealth. It is also a…
In the past year (2018), have you noticed any trends in practice at your firm/organization? For example, changing workloads; challenges in recruitment, retention, training, promotion,…
I read with interest the November 2017 article issue, “Helping Business Owners Understand Valuation Approaches” (Sidney Kess and Edward Mendlowitz, http://bit.ly/2BmvfQv). I congratulate the authors on…
Individuals who own businesses frequently need to have the business valued. Sometimes it is for a specific purpose, such as for postsale retirement planning; other…
Many CPAs and most tax specialists perform personal financial planning (PFP) services; the AICPA estimates that more than 100,000 of its members perform some form…
Planning and Tax Considerations for Collectibles
Assisting Hobbyists, Dealers, and Investors
Many individuals have substantial investments in collectibles, such as art, stamps, coins, autographs, books, maps, baseball cards, glassware, antiques, gems, jewelry, or wine. The category…
This short book addresses the very important topic of how to save the planet, and it presents the ways in which progress on that goal…
Many individuals desire to make charitable bequests but are not certain how to do so or how they work. This is an area where a…
It is always better, from a billings perspective, to have wealthy clients rather than poor ones. Sometimes, however, more satisfying work can be done for…
CPA financial planners frequently are asked to review proposals from investment managers. While these assignments can be challenging, the following strategies can help guide individuals…
Death is unexpected for many people, but avoidable for none. Likewise, a sudden disability is never planned for. For business owners, being prepared for the…
Many CPAs are knowledgeable about financial planning, and they do an excellent job advising their clients. When planning for themselves, however, problems arise because many…
One of the functions of a CPA financial planner is to help individuals formulate an investment plan based on their long-term goals. One of the…