Changing times and business practices are making it harder for professional advisors to get paid. The stack of past due accounts gathering dust in many…
Editors’ Note: Published this past June, Baruch Lev and Fang Gu’s The End of Accounting and the Path Forward for Investors and Managers (Wiley) has generated a great…
I enjoyed Joanne Barry's column, “New York's Seven-Year Itch” (September 2016). She wrote that the staff and leadership of the NYSSCPA are considering other initiatives…
Everyone has seen the ubiquitous advertisements sponsored by New York State to promote doing business in the state, using the slogan, “In New York State,…
CPA firm leadership is being stretched on all sides to attract and serve clients, recruit and retain team members, increase firm value and size, and…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Abraham Akresh Jeffrey Allen Robert Barnett Stewart Berger Warren Bergstein Quinton Booker Alexander Buchholz Jacqueline Burke Gary Carpenter Anthony Cassella Scott Cheslowitz Michael Chiasson Ayanna…
For 85 years, The CPA Journal has earned the respect of CPAs and other financial professionals for its in-depth analysis of current issues. We do…
In 2016, the Journal continued our coverage of some of the unresolved accounting, auditing, and financial reporting issues that have plagued the profession since the…
Some people love him. Some people hate him. Regardless of what anyone feels about him, New York City real estate mogul and TV reality show…
How to Get Paid in a Fee Dispute
Playing Offense in a World of Defenses
Changing times and business practices are making it harder for professional advisors to get paid. The stack of past due accounts gathering dust in many…
When CPAs have individual clients who are business owners, it is important to remember that they have worked very hard to build both their business…
EBP | 401(k) Plan Investment Selection
Passive Fund Management versus Active Fund Management
Retirement plan committees are increasingly selecting passively managed funds for their 401(k) plan investment menus, in many instances to replace actively managed funds. Recent excessive…
Disasters result from natural causes, such as storms, floods, fires, and earthquakes, and from human activity, such as riots and terrorist attacks. Unfortunately, disasters have…
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…
CPAs need to be aware of current developments in key states in order to properly advise taxpayers doing business in multiple jurisdictions. This article provides…
The last thing on most people's minds during a messy divorce is the tax treatment of the support payments that will eventually be made. Unfortunately,…
AUD | Searching for Buried Treasure
The Elusive Completeness Assertion for Revenue, Part 2
Last month, this column discussed identifying and addressing risks of material revenue understatements in general, and those specific risks presented by outsiders who control and…
Editors' Note: Published this past June, Baruch Lev and Fang Gu's The End of Accounting and the Path Forward for Investors and Managers (Wiley) has…
High School Confidential
Future Accountants Speak About the Profession
In October, Jason Ackerman's first practice management column discussed his firm's practice of hiring high school interns at his firm to give them early exposure…
With an ever-increasing choice of marketing tools, it is important for CPAs to focus promotional efforts on the areas of greatest benefit to the firm.…
Profiles in Community-Oriented, Socially Engaged Professionals
It’s Amazing What CPAs Can Do
Accounting as a profession carries a public interest responsibility that also contributes significant value to society. Accounting can also lead one to some amazing careers,…
The end of the year is coming, and for auditors, that means busy season is just around the corner. There never seem to be enough…
The Great CPA Followership Crisis
Learning to Grow Again through Shared Purpose, Quality, and Language
In Brief CPA firms are facing a succession crisis that endangers growth and profitability. The historical model of organic growth that relies on relationship management…
The State of the Profession
Analyzing the Results of the 2016 Practice Management Survey
In Brief The second annual NYSSCPA–Rosenberg Survey identifies trends from the national 18th Annual 2016 Practice Management Survey and provides a comparative qualitative analysis to…
What is the current state of the profession? To answer this question, we turn to the results of our second annual NYSSCPA–Rosenberg Survey to identify…
Vehicle Sales Vehicle sales increased in October from 17.8 million to 18.3 million units on a seasonally adjusted annual rate. This represents just under a…
The Ethical State of the CPA Profession
An Interview with Tony Menendez and Steven Mintz
Editors’ Note: The debate over the ethical responsibilities of CPAs and how to fulfill them has always been at the center of the profession. Recently,…