For decades, CPA firms have been built on a simple formula: hire enough junior staff, work them hard during busy season, and eventually a few…
CPAs often talk about being proactive advisors, yet many firms still prepare returns with only the information clients hand over. In reality, much of a…
CPAs often talk about being proactive advisors, yet many firms still prepare returns with only the information clients hand over. In reality, much of a…
Imagine this scenario: in a tax planning meeting with a client, a CPA identifies a great opportunity to reduce their tax liability—perhaps through a retirement…
Imagine this scenario: in a tax planning meeting with a client, a CPA identifies a great opportunity to reduce their tax liability—perhaps through a retirement…
The accounting profession is built on trust, precision, and compliance—qualities that CPAs pride themselves on. But CPAs are increasingly finding themselves at the intersection of…
CPAs Have a Branding Problem for the Younger Generation
How Can It Be Fixed?
Probably the hottest topic in the profession over the past few years has been the pipeline problem: Firms can't find qualified individuals to handle the…
CPAs Have a Branding Problem for the Younger Generation
How Can It Be Fixed?
Probably the hottest topic in the profession over the past few years has been the pipeline problem: Firms can't find qualified individuals to handle the…
Artificial Intelligence (AI) has been a buzzword for years, but it wasn't until OpenAI came out with Chat GPT in November 2022 that AI came…
The more I talk to other CPA firms and analyze my own firm, the more I have come to realize that most of our problems…
The more I talk to other CPA firms and analyze my own firm, the more I have come to realize that most of our problems…
The trend in today's modern CPA firm is to pursue business cloud accounting services (CAS) and only offer tax returns as an “add-on” service. Many…
The buzzword in CPA firms these days is advising: How do we get our firm to do more advising, how do our teams become advisors, and…
The buzzword in CPA firms these days is advising: How do we get our firm to do more advising, how do our teams become advisors, and…
It's safe to say that, for most CPAs, 2020 was probably the craziest year in memory. Setting aside the macro issues, what is fascinating to…
Before the coronavirus (COVID-19) pandemic, change was evolving in accounting firms. CPA firms were already seeing a movement away from time-based billing, an increase in…
As the new school year begins, it's time for the profession to examine how future CPAs are educated in the United States. It's no secret…
The coronavirus (COVID-19) pandemic has caused companies across the world to temporarily close their doors in an effort to halt or slow down the spread…
Last October's column was about the need for change in the way accounting is taught in high school and college (“The Accounting Curriculum Needs a…
As the 2020s approach, it is time for the profession to look to the coming developments for accounting software and technology over the next 10…
Every year on October 15, clients send this author's firm information late into the afternoon, expecting the CPAs to finish their individual tax returns by…
As the new school year begins, it's time for the profession to examine how future CPAs are educated in the United States. It's no secret…
Cybersecurity and Data Breaches
Learning from CCH’s Mistakes
By this point, every CPA knows that CCH was attacked by malware in early May, causing a mass outage of its platform for several days…
The 2019 tax filing season was a missed opportunity for the CPA profession. This was the year to get ahead of the new tax laws…
With the Tax Cuts and Jobs Act (TCJA) coming into effect, completely new forms being issued, and the aftereffects of the government shutdown being felt,…
A core part of most CPA firms for over 40 years has been the quarterly or monthly preparation of CPA-issued compilations or reviews for clients.…
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,…
Every year on October 15, clients send this author's firm information late into the afternoon, expecting the CPAs to finish their individual tax returns by…
For a partner in an accounting firm, there is nothing more frustrating than when a good employee presents his resignation letter. Not only is losing…
With so many baby boomer CPA firm owners looking to retire without a proper succession plan in place, the market for CPA firms has become…