One of the most challenging issues facing leaders in the public accounting profession is the high rate of employee turnover. A recent survey finds that…
Do you think about opening your own CPA practice and working for yourself instead of working for others? If so, you're not alone. While women…
ICYMI | Improving the Advancement and Retention of Women CPAs
Fostering Gender Equality at One Accounting Firm
According to the 2017 CPA Firm Gender Study performed by the AICPA's Women's Initiatives Executive Committee (WIEC), women make up only 22% of partners in…
ICYMI | Serving the Public as a CPA
It’s More Than Just Numbers
After reading the definition for “Certified Public Accountant,” one could easily walk away with the understanding that a CPA is a numbers cruncher, someone who…
The State of the Profession
Opinions from the Experts
What kind of year was 2017? What were the major trends you observed? What were the issues you saw firms struggling with the most? Marc…
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,…
Treasury Yield Curve The yield curve continued to flatten as short-term interest rates rose relative to longer-term rates. The Federal Reserve has made clear its…
State of the Profession 2018
Views on Practice Management
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,…
For 88 years, The CPA Journal has earned the respect of CPAs and other financial professionals for its in-depth analysis of current issues. We do not do…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
What Is the ‘Cost’ of Audit Committees?
Letter to the Editor
I read with some concern the article by Arthur J. Radin, “Are Audit Committees Worth the Cost?” published in the August 2018 CPA Journal (http://bit.ly/2pkOuCA). How does…
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,…
CPAs Acting as Interim CFOs
How to Manage the Risk
Imagine a hypothetical CPA, Franklin Connors, providing bookkeeping and tax services to an equally hypothetical fast-growing online retailer named Cats Eats, which sells gourmet pet…
The 2018 CPA Journal Tax Software Survey (http://bit.ly/2FMb81K) reported that over 26% of participating CPAs integrated their tax software with office workflow or client data management software,…
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,…
The Wrong Way to Do the Right Thing
How to Prudently Deal with Employee Disability
Entrepreneurialism is alive and well, with thousands of upstarts becoming startups each year. The pattern is familiar: come up with a marketable idea, develop a…
Adapting to the New Business Environment
The Rise of Software Robots in the Workplace
All organizations need to leverage new technologies to stay competitive, and one such technology, business analytics (BA), has been a hot topic among CPAs for…
The IRS reports that approximately 70% of taxpayers have taken the standard deduction on their federal income tax return in recent years. Under the Tax…
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,…
The IRS Shutdown of SALT Deduction Workarounds
A Comparison of States
The Tax Cuts and Jobs Act of 2017 (TCJA) included a $10,000 cap on state and local tax (SALT) deductions. That cap has led New…
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,…
Captive Insurance Companies
A Common Sense Approach to Improved Risk Management
Although many believe that captive insurance companies are a relatively new phenomenon, the captive insurance industry can be traced back to the 19th century. Today,…
The IRS Whistleblower Regulations
A Hindrance to Tax Enforcement
In modernizing the tax whistleblower statute over the last 12 years, Congress has finally created a simple and enforceable entitlement to substantial compensation for tax…
The State of the Profession
Analyzing the Results of the 2018 Practice Management Survey
In Brief The fourth annual NYSSCPA–Rosenberg Survey identifies trends from the national 20th Annual Practice Management Survey and provides a comparative qualitative analysis to participating…
It has been almost a year since the Tax Cuts and Jobs Act was signed into law. This complex legislation was the most significant change…