Most businesses throughout the United States have introduced or expanded their work-from-home policies in the wake of the coronavirus (COVID-19) pandemic, forcing companies to adjust…
In Brief Despite claims to the contrary, the billable hour is still the most common billing method, and realization the most common profitability metric used…
ICYMI | Audit Oversight and Effectiveness
Understanding the Past and Looking toward the Future
In Brief It has been nearly two decades since the creation of the PCAOB in response to a series of major financial reporting failures. But…
When people reach a certain age, a questioning of purpose and direction often happens. Although the entertainment media often satirizes such events, the opportunity to…
ICYMI | Tax Software in the COVID-19 Environment
2020 Annual Survey of New York State Practitioners
In Brief The 2020 tax season was unlike any other, with a global pandemic requiring virtually all tax preparers to work from home, often while…
ICYMI | Women Accountants at Haskins & Sells During the 1920s
The Pioneering Career of Jennie May Palen
In Brief In the early decades of the last century, women CPAs were not as common in the accounting profession as they have become today.…
Although for more than half of my 53-year career in auditing, I managed to avoid any involvement with government GAAP. Yet I found myself interested…
ICYMI | Advice for Retaining African American Accountants
Using ‘Perspective-Taking’ to Strengthen Interpersonal Relationships
In Brief Creating a diverse and inclusive work environment entails a variety of strategies. One common approach is to encourage professionals to be authentic to…
When people reach a certain age, a questioning of purpose and direction often happens. Although the entertainment media often satirizes such events, the opportunity to…
The Internal Revenue Service Criminal Investigation Division's Annual Report for 2020 (Pub 3583: https://www.irs.gov/pub/irs-pdf/p3583.pdf) emphasized coronavirus (COVID-19)-related tax fraud and cybercrimes, along with its more…
Audit Oversight and Effectiveness
Understanding the Past and Looking toward the Future
In Brief It has been nearly two decades since the creation of the PCAOB in response to a series of major financial reporting failures. But…
CPA financial planners can help clients not only grow their investments but also save money on common costs. Planning for medical costs can represent a…
Many CPA firms report that advisory and consulting operations have become their fastest-growing segments due to high client demand—and high margins—for these services. IBISWorld (https://www.ibisworld.com/),…
The liquidation of a partner's entire partnership interest can take various forms, including payment made by the partnership to the retiring partner in complete redemption…
Women Accountants at Haskins & Sells During the 1920s
The Pioneering Career of Jennie May Palen
In Brief In the early decades of the last century, women CPAs were not as common in the accounting profession as they have become today.…
Pandemic Payroll
How a Permanent Remote Workforce Will Affect Taxes
Most businesses throughout the United States have introduced or expanded their work-from-home policies in the wake of the coronavirus (COVID-19) pandemic, forcing companies to adjust…
In Brief Despite claims to the contrary, the billable hour is still the most common billing method, and realization the most common profitability metric used…
The liquidation of a partner's entire partnership interest can take various forms, including payment made by the partnership to the retiring partner in complete redemption…
Tax Software in the COVID-19 Environment
2020 Annual Survey of New York State Practitioners
In Brief The 2020 tax season was unlike any other, with a global pandemic requiring virtually all tax preparers to work from home, often while…
Tax Compliance and Taxpayer Mood
Will COVID-19 Lead to an Epidemic of Tax Cheating?
In Brief The voluntary tax system in the United States rests largely upon the willingness of taxpayers to pay their fair share. The authors examine…
It is never pleasant when a client relationship ends on less than amicable terms. This is especially true when the relationship's demise leads to litigation.…
The Impact of COVID-19 on the Profession
An NYSSCPA Member Survey
In Brief Between May 2020 and July 2020, the NYSSCPA surveyed a random sample of NYSSCPA members and asked them about the impact of the…
The accounting profession continues to face a rapidly changing marketplace requiring changing skills and competences. Some of the most significant changes have been the result…
Closely held companies—including CPA firms—are susceptible to internal disagreements between their owners that sometimes lead to a “business divorce.” A business divorce is a legal…
The State of the Profession: The Impact of COVID-19
Opinions from the Experts
Flipping the Switch The landscape changed quickly for CPA firms after the coronavirus (COVID-19) pandemic hit. Managing partners had to deal with massive changes to…
Advice for Retaining African American Accountants
Using ‘Perspective-Taking’ to Strengthen Interpersonal Relationships
In Brief Creating a diverse and inclusive work environment entails a variety of strategies. One common approach is to encourage professionals to be authentic to…
The State of the Profession
Analyzing the Results of the 2020 Practice Management Survey
In Brief The sixth annual 2020 NYSSCPA–Rosenberg Survey identifies trends from the national 22nd Annual Practice Management Survey and provides profitability and growth data of…