CPAs do not review contracts or practice law, but if they fail to pose common sense legal questions to their business clients, those clients may…
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.…
On December 20, 2017, Congress passed a major tax package (H.R. 1) designed to cut taxes on businesses and individuals, as well as to stimulate…
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…
Understanding the Community-Supported Business Model
A Primer for Tax Professionals
In Brief The community-supported business (CSB) model has enabled many people to preserve the economic vitality of their small business or start new business ventures.…
In Brief Recent years have seen governments experiment with different ways of encouraging entrepreneurs to launch new businesses, especially in new or growing industries. The…
Since the 1930s, we have looked at things through a financial lens, and I'm afraid that cannot pertain in the changed world of the 21st…
In Brief Use of the term “big data” has become as pervasive as the phenomenon itself. The authors attempt to define the term as it…
As recent natural and man-made disasters have made clear, CPAs are frequently required to prepare a business interruption insurance claim for their clients. In addition,…
Despite medical marijuana legalization prevailing in nearly one-half of the 50 states, the U.S. Congress and the federal court system have not embraced this nascent…
In Brief The proliferation of smartphones, tablets, and other mobile devices has changed the way businesses gather and process information, and CPAs are no exception.…