CPA Practice

DECEMBER 19, 2023

In an era where AI, particularly generative AI, is reshaping industries, small accounting firms stand at a crossroads. As we approach 2024, the integration of AI into accounting practices is not just an opportunity for an advantage, but a necessity.

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CPA Practice

AUGUST 14, 2023

the sixth-largest public accounting firm in the U.S., said on Monday that it is establishing an employee stock ownership plan (ESOP)—which would allow its more than 10,000 professionals to buy a shared stake in the CPA firm—that is expected to become effective later this month. BDO USA P.A.,

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Going Concern

AUGUST 28, 2023

Accounting firms across the pond are ditching Zoom interviews, writes Sunday Times : Zoom calls became the norm for business meetings during the pandemic — but accountancy firms, among the biggest graduate recruiters, are going back to face-to-face interviews when hiring, saying it is easier to assess candidates’ characters.

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CPA Practice

APRIL 25, 2024

PICPA received survey responses from 323 accounting professionals nationwide who have zero to 15 years of public accounting experience and have left their firm or profession within the past five years. There is no ‘one size fits all’ approach,” the report says.

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CPA Practice

APRIL 15, 2024

Here, the responsibilities of accounting firms increase as they are required to authenticate every bit of data coming from AI systems. Accounting firms must manage and maintain their data systems to provide reliable inputs to AI algorithms while complying with data privacy regulations.

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CPA Practice

AUGUST 6, 2024

Keeping Your Team at the Top of Their Game So, you’ve built a high-performing team—congratulations! Keeping your team at the top of their game requires ongoing effort and attention. A culture of agility and resilience enables teams to embrace change, bounce back from setbacks, and find new opportunities amidst challenges.

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CPA Practice

JANUARY 11, 2024

The first season of the Canopy Practice Success podcast, which is available on Apple Podcasts , Buzzsprout , and most podcast platforms, features interviews with professionals in the accounting and tax profession including: Stephen Smith, CPA, is the founder of Controllership Solutions in New Jersey.

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CPA Practice

AUGUST 30, 2023

How to fix the crumbing talent pipeline in the accounting profession is a topic on the minds of many people these days. And it popped up at a session during the first day of the 2023 Unique CPA Conference, “Bridging the Gap,” in the Chicago suburb of Rosemont, IL, on Tuesday. You don’t have to be a CPA. It’s not glamorous.

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CPA Practice

JULY 16, 2024

Virtual, augmented and mixed reality technologies will move beyond video games to provide new ways to explore, analyze and share data, pioneer new process optimizations and connect finance to strategic planning. Adding other technologies to the mix only increases the potential value.

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Technology accounting firms Account accountant 124

ThomsonReuters

MARCH 12, 2021

We’ve seen the impact the COVID-19 pandemic took on succession planning for accounting firms. In this episode of Pulse of Practice “Setting Course for the Next Chapter”, Paul Miller, CPA from Business by Design , and I discuss the importance of accounting firm leaders to continue to build out their succession plan.

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accounting firms Account accountant accounted 98

Ryan Lazanis

AUGUST 2, 2023

In this article, you’re going to get a ton of inspiration plus a whole bunch of tips for picking amazing accounting firm names. Table of Contents How to Choose a CPA Firm Name? Choosing an accounting firm name is all about branding and how you want the outside world to perceive you.

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accounting firms Account accountant accounted 52

CPA Practice

JUNE 6, 2023

Tommye Barie, CPA 2023 Most Powerful Women in Accounting EVP – Leaders Development Success Institute, LLC How do you envision the accounting profession evolving in the foreseeable future for women? The accounting profession will continue evolving to provide more desirability and opportunities for women.

CPA 52

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Going Concern

MAY 12, 2023

As a firm we have had to be proactive in our response to attracting candidates, addressing workforce planning and aligning our recruitment strategy to reflect this.” Colorado Springs accounting firm to open Denver office [ Denver Business Journal ] Stockman Kast Ryan and Co., Fired: job search or CPA exam?

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CPA Practice

OCTOBER 2, 2024

Accounting firm platform Ascend has a new member firm: Lucas Horsfall in Pasadena, CA. Backed by private equity from Alpine Investors, Ascend partners with regional accounting firms but allows them to stay independent while providing the firms resources to help them grow. Terms of the deal weren’t disclosed.

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CPA Practice

APRIL 22, 2024

Client Appreciation Events: Host an event specifically for thanking clients, such as a barbecue or a day at a local baseball game. These can be done over a casual coffee or even a lunch. These events show appreciation and foster loyalty. Send Customized Gifts: Consider sending mid-year gifts that are thoughtful and useful.

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accounting firms Account accountant accounted 52

Going Concern

SEPTEMBER 15, 2023

A number of accounting firms,1 public companies, professional membership associations and other key stakeholders raised concerns. In addition, in a rare occurrence, PCAOB board members Christina Ho and Duane DesParte — the only two certified public accountants on the board — issued public dissents when the PCAOB issued the proposal.

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CPA Practice

SEPTEMBER 9, 2024

This Reddit thread asking if there were ADHD accountants has over 140 comments, with people sharing their experiences of living with ADHD in accounting. Motivation and Engagement Since accounting tasks can be repetitive, those with ADHD need to find ways to stay engaged and motivated. So, use reward systems (e.g.,

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Going Concern

SEPTEMBER 29, 2023

CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching. CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever Also, WTF? CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever Also, WTF? Did Exam Costs go up?

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CPA Practice

SEPTEMBER 6, 2023

Several AI systems were among this year’s winners of the Tax & Accounting Technology Innovation Awards, presented annually by CPA Practice Advisor, a technology and practice management resource for public accounting firms. And email efficiency is only the beginning.

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Going Concern

APRIL 21, 2022

“In my view, the future of the CPA profession is at risk,” writes Yigal Rechtman, CPA, CFE, CITP, CISM in a letter to the editor published by The CPA Journal. For example, every startup would benefit immensely from having a CPA among its founders. An exclusive brand. With a 40% pass rate, this is a tough sell.

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Going Concern

MAY 18, 2023

Is it reallyyyyy a question about why those young whipper-snappers aren’t flocking to join accounting firms anymore, especially those renowned for their abuse? Ben Benjamin Wann, CMA, CSCA, MBA, PMP, CPA Follow me through My blog The post I Love Accounting.

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CPA Practice

NOVEMBER 20, 2024

By Jackie Meyer, CPA Recent research has found that 99% of accountants experience burnout, which as personally disturbing as it sounds, can ultimately impact your bottom line. In this article, I plan to dive into how you can not only prevent burnout, but increase profit in your firm. And guess what? You can do the same.

Tax 52

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Going Concern

SEPTEMBER 23, 2024

The SEC’s actions should be warning signs to accounting firms regardless of their involvement in the cryptocurrency or blockchain industry. There’s a nice little chart of firms that have taken or are considering private equity investment: Source: Forbes Ah, I’d been wondering if CRI inked a deal yet.

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CPA Practice

NOVEMBER 19, 2024

By Jackie Meyer, CPA Recent research has found that 99% of accountants experience burnout, which as personally disturbing as it sounds, can ultimately impact your bottom line. In this article, I plan to dive into how you can not only prevent burnout, but increase profit in your firm. And guess what? You can do the same.

Tax 52

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CPA Practice

OCTOBER 25, 2024

By Garrett Wagner, CPA. At over 40, I’m no longer the young buck, fresh out of college, wide-eyed and optimistic about the accounting world. Instead of trying to force them to conform to the traditional accounting firm model, what if we adapted our systems to fit their strengths?

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CPA Practice

SEPTEMBER 7, 2023

Breaking Down WorkflowCon 2023 Date: Tuesday, October 24, 2023, to Wednesday, October 25, 2023 Time: 10:00 AM – 5:00 PM (Daily) Financial Cents, a leading name in the accounting industry, is spearheading this inaugural event, and they have lined up an impressive array of speakers to share their expertise.

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CPA Practice

AUGUST 29, 2023

Candidates should demonstrate superior, game-changing work performance by utilizing, embracing, and perhaps introducing new processes, technologies, solutions to existing procedures. Candidates should be energetic, ambitious, innovative, the types of people who stretch boundaries.

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CPA Practice

AUGUST 9, 2023

AuditClub, the Audit Service Center for CPA firms and companies, has launched a new alliance model designed to connect tax and non-attest accountants with AuditClub One assurance professionals to improve service delivery options to clients. “In

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CPA Practice

JUNE 6, 2023

Read industry news found in publications like the Journal of Accountancy , CPA Practice Advisor , Accounting Today , state CPA society magazines, etc. How would you advise accounting firms on how they can better attract, retain, and advance more women?

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Going Concern

OCTOBER 20, 2023

note: A reader sent in this thought-provoking essay on their experience as a CPA. In it the author covers their introduction to accounting, the impact the pandemic had on their goals, and the all too familiar feeling of watching your peers make buckets of money in other careers while you grind away in public. Crazy how that works.

public accounting 122

public accounting Account accountant accounted 122

ThomsonReuters

JULY 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you may think artificial intelligence (AI) solutions are solely designed for large organizations – but think again. To learn more, let’s take a look at three ways accounting firms can use AI as a competitive advantage. Sounds great, right?

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CPA Practice

MARCH 14, 2023

She recommends creating the perfect game for your life, selecting your rules, and working on the theme of your game. All these items should be summarized in a budget, even though our Accounting Firm Operations Technology survey shows that a large percentage of CPA firms don’t manage technology from a budget.

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CPA Practice

JUNE 5, 2023

Bush discussed recent data about how organizations thrive by prioritizing a culture of inclusiveness, as well as how it can help encourage innovation and game-changing ideas. During the opening remarks, Melancon also introduced the morning’s conference attendees to the 2023 Outstanding Young CPA Award winners.

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CPA Practice

SEPTEMBER 13, 2024

Top 100 accounting firm Wiss announced a strategic partnership with Basis, an artificial intelligence platform for accounting firms. Basis will be deployed across the firm to enhance efficiency, reduce risk, and improve the quality of work-life balance for accountants, Florham Park, NJ-based Wiss said on Sept.

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Going Concern

AUGUST 5, 2022

I was also struck with a sense of deja vu, it looked oddly similar to the Maryland Association of CPAs’ CPA Island in Second Life which existed a whole 15 years ago (when the PS3 was still new). All that to say, I was not initially impressed with this metaverse thing.

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Going Concern

JUNE 17, 2022

eFinancialCareers reports that despite accounting firms everywhere struggling to recruit and retain any talent not just the best and brightest PwC is being picky about who it brings in: There’s been no shortage of applications for PWC’s student jobs this year. Top grades are nice but not a prerequisite per Baxter.

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CPA Practice

APRIL 27, 2023

Matthew Legg Joins Schneider Downs as International Tax Practice Shareholder Schneider Downs, one of the 60 largest certified public accounting and business advisory firms in the United States, recently announced that Matthew Legg, CPA, has been named tax shareholder to lead the firm’s growing International Tax practice.

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