CPA Practice

APRIL 12, 2023

By Blake Oliver, CPA, and Chris Vanover, CPA. CPAs have always been passionate about numbers, using various metrics such as revenue, profit, headcount and realization to measure success. However, this focus on numerical indicators is contributing to the decline of the CPA profession itself.

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Account accounted accountant Education 136

CPA Practice

SEPTEMBER 13, 2024

The Tennessee Society of CPAs (TSCPA) is pleased to award $280,000 in scholarships through the TSCPA Educational & Memorial Foundation to 128 Tennessee accounting students. Together, Life Associates have helped approximately 4,000 students over the last 25 years pursue a degree in accounting and sit for the CPA Exam.

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CPA Pennsylvania Tennessee cpas 113

CPA Practice

NOVEMBER 11, 2024

The Future Of AI For Productivity In Public Practice Is Brighter Than Ever Our K2 Enterprises team continues to teach practical AI courses for public practice professionals and industry CPAs. Batch Extensions from HubSync : Helps CPA firms prepare extensions in bulk. Blue J : Provides verifiable answers to your tax questions.

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accounting firms Technology Account accounted 111

CPA Practice

JULY 3, 2024

As your clients’ businesses expand their operations across state lines, it is crucial for your firm to help them understand and manage tax nexus. For CPAs and accountants, guiding clients through the intricacies of tax nexus also means monitoring and ensuring compliance and optimizing tax strategies.

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cpas payroll tax Account accounted 85

CPA Practice

AUGUST 23, 2023

State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S. TSCPA is the premier professional association for CPAs in Tennessee,” said Kara Fitzgerald, CPA, President/CEO of TSCPA.

Tennessee 75

Tennessee cpas CPA Education 75

CPA Practice

SEPTEMBER 27, 2023

The American Institute of CPAs (AICPA) is supporting new bipartisan, bicameral legislation establishing the accounting profession as a STEM career pathway and supporting long-standing efforts to diversify the future accounting workforce. 1705, the STEM Education in Accounting Act. 1705, the STEM Education in Accounting Act.

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Account accounted accountant cpas 104

CPA Practice

SEPTEMBER 18, 2023

Sidney Kess, a nationally renowned tax lawyer and accountant, author of hundreds of tax books on financial and estate planning, educator, and a friend to many in the profession, passed away on Sunday at the age of 97. During this time, Kess helped organize the Association of CPA Candidates and developed guides to help CPAs pass their exams.

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Tax cpas New York CPA 111

CPA Practice

MAY 18, 2023

The plan, which builds on earlier drafts to create a nationwide CPA pipeline strategy, will be presented next week at the spring meeting of the AICPA’s governing council. Training and education: Providing high-quality accounting education and training opportunities.

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MyIRSRelief

FEBRUARY 1, 2022

Answer : A CPA is a highly trained professional that is capable of keeping track of all the financial information about your specific business, profit and loss, balance sheet statements. Los Angeles CPAs go through years of schooling and pass a certification process that is established by the state of California. Total nonfarm 5,994.3

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Going Concern

SEPTEMBER 6, 2023

Let’s note here quickly that many of the “anti-150” folks aren’t lobbying to abolish it completely but to offer alternative pathways such as Minnesota’s proposal to create a second pathway to licensure that would require 120 units of education and two years of experience. We needed to take some action.”

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Minnesota South Carolina auditor Education 119

CPA Practice

JANUARY 2, 2024

MaloneBailey, LLP Welcomes Howie Tang, New Audit Partner MaloneBailey, LLP, a global, mid-market, public accounting firm based in Houston, Texas, recently announced that Howie Tang, CPA has joined the firm as an Audit Partner. Tang brings more than 13 years of public accounting and audit experience with large regional CPA firms.

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Illinois E-commerce Pharmaceutical Real Estate 114

CPA Practice

SEPTEMBER 19, 2023

There is no need to alert this audience to the acute shortage of CPA talent. But it’s still worth underscoring how important it is for CPA firm leaders to closely monitor the job satisfaction of these precious resources — especially at a time when many of these professionals might be thinking about making a job change soon.

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cpa firm CPA accounting and finance Virginia 110

Going Concern

JANUARY 3, 2024

Here’s a better source on generative AI and risks to CPA firms from the esteemed Journal of Accountancy. From the above JofA article: Unlike you, ChatGPT and other generative AI tools have not been formally educated and trained in the practice of public accountancy and are not licensed CPAs.

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Account accounted accountant Real Estate 115

CPA Practice

JUNE 10, 2024

The Public Company Accounting Oversight Board (PCAOB) doled out $150,000 worth of total fines to a Plantation, FL-based CPA firm on June 10 for violations related to quality control, auditing failures, and missing Form AP deadlines.

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audit cpas Florida cpa firm 52

CPA Practice

MARCH 4, 2023

A professional education company called MEASURE x HACK , says it wants to free 1 billion people to live their life by using data and systems, announced a ground-breaking release of an accountant-exclusive, online Bootcamp named “ From CPA to CFO – 6-Week Bootcamp to Elevate Your Practice ”. The new course includes over 6.5

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CPA cpa firm accounting principles cpas 52

CPA Practice

MARCH 15, 2023

They often focus their efforts to maximize the eventual sales value of the acquired business via a combination of targeted acquisitions of other firms, capital investments, expansion into profitable niches, waste reduction, tech adaptation, streamlining and other measures. Do they flip to venture capital, or to another CPA firm?

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accounting firms Account accounted accountant 132

CPA Practice

APRIL 25, 2023

Comments were received from a broad representation of stakeholders, including state boards of accountancy, state CPA societies, CPA firms, licensed CPAs, educators, and students, according to NASBA. Bravo NASBA.

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CPA Education cpa firm tax accountant 89

CPA Practice

APRIL 19, 2024

Unlike the old days when public practice CPAs rarely spoke to anyone but clients and other team members during tax season, it is evident that CPA firms have become year-round businesses. Further, extension season for some firms is busier. So, What Are the Common Issues in CPA Firms? So, What’s Next?

Technology 72

Technology cpa firm Non-Profits CPA 72

CPA Practice

DECEMBER 14, 2023

The American Institute of CPAs has released information for accounting professionals on the potential impact to their out-of-state engagements if pending state bills altering licensure requirements are enacted.

South Carolina 59

South Carolina cpas Minnesota CPA 59

Going Concern

OCTOBER 20, 2023

Because of him and others at the firm, I decided to stick with the accounting profession and finish out my four years at Dordt. I interned at that firm for 2 years during college, and I felt like it was a family. hours of racquetball, wine tasting, basketball coaching, or the history and philosophy of education.

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public accounting Account accounted accountant 122

CPA Practice

FEBRUARY 27, 2023

Daniel Garigen, who holds a 40% stake in Dansa D’Arata & Soucia CPAs LLP, has accused managing partner Eric Soucia of financial and workplace misconduct in a lawsuit filed this month in New York Supreme Court that seeks to force Soucia to give up control of the company. “It

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cpa firm CPA Non-Profits cpas 52

LyfeAccounting

OCTOBER 12, 2020

So now more than ever, business owners who want to control their expenses, improve their financial health and make smarter financial decisions are turning to CPAs for help. And a large portion of those businesses are opting for Virtual CPAs over local or even in-house CPAs. Why do you even need a CPA? Why go Virtual?

CPA 52

CPA cpas bookkeeping cpa firm 52

Going Concern

NOVEMBER 11, 2022

There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ]. It’s just a tough subject area, and you need a fifth year of college education to qualify to sit for the CPA exam. Accounting Firm M&A.

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CPA Practice

APRIL 26, 2023

Evolving billing and service offerings to meet today’s client needs: Today’s CPA firms have added new and different service capabilities and revenue streams such as advisory services and compliance work to complement traditional audit and tax services.

Pennsylvania 52

Pennsylvania public accounting accounting firms Account 52

CTP

NOVEMBER 16, 2023

CPAs and EAs are rethinking their strategies for practice management while moving from compliance to advisory services. As firms look to provide more value to clients, many have introduced Client Advisory Services (CAS). This quickly becomes a realization when you leave the comforts of a big firm to go out on your own.

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tax planning Tax Account accounted 98

CPA Practice

JANUARY 16, 2023

CPA firms said they expected to hire more new accounting graduates — 36 percent in 2022 compared to 28 percent in 2021. CPAs are becoming strategic advisors who must understand how to leverage technology to solve business problems. Yet this year, a higher number of U.S. However, the job is evolving.

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West Virginia Illinois forensic accounting CPA 98

CPA Practice

SEPTEMBER 20, 2024

CPA firms constantly seek ways to boost efficiency, enhance client satisfaction, and drive growth. While technology and strategies play crucial roles, one often overlooked element can be the key to unlocking your firm’s full potential: document management.

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Rhode Island West Virginia South Dakota North Dakota 52

Going Concern

MARCH 17, 2023

“A proposal like this could allow for the reinstatement of credit for more than 15,000 CPA candidates and re-open the door for those candidates to complete their journeys to becoming licensed CPAs. If there were ever a time we need our young staff to come to us with more education not less, it’s now. Scott Johnson, Ph.D.,

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Government Gambling audit CPA 97

Dent Moses

FEBRUARY 7, 2024

Specifically, there is a real need for more incoming CPA candidates to replace those retiring and to handle increased demand. Let’s look at some statistics: There were 672,587 actively licensed CPAs as of September 1, 2023. 75% of current CPAs will retire in the next 15 years. from the previous year.

CPA 52

CPA cpas Education cpa firm 52

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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audit Account accounted accountant 52

Going Concern

SEPTEMBER 30, 2022

With all the uncertainty surrounding the law, the Walker Reid team stresses that its thoughts should be considered more like educated guesses than actual predictions. And with ESG (environmental, social, and governance) taking a seat at the table, CPAs will be brought along for the ride.”.

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Tax Gaming Real Estate Start-ups 110

CPA Practice

OCTOBER 20, 2023

AICPA Releases Statement on IRS Announcement Concerning ERC Mills The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills.

cpas 52

cpas CPA Education accounting and finance 52

CPA Practice

OCTOBER 19, 2023

AICPA Releases Statement on IRS Announcement Concerning ERC Mills The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills.

cpas 52

cpas CPA Education accounting and finance 52

CPA Practice

MARCH 5, 2024

Unlike the old days when public practice CPAs rarely spoke to anyone but clients and other team members during tax season, it is evident that CPA firms have become year-round businesses. Further, extension season for some firms is busier. So, What Are the Common Issues in CPA Firms? So, What’s Next?

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Technology cpa firm CPA Non-Profits 64

CPA Practice

FEBRUARY 28, 2023

The American Institute of CPAs (AICPA) and CPA.com announced its 2023 Startup Accelerator cohort at a kick-off meeting held at AICPA headquarters in New York. This year’s participants include five early-stage companies pursuing a variety of solutions in audit, accounting, tax and e-commerce.

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E-commerce Technology Texas accounting and finance 52

RitaKeller

FEBRUARY 15, 2021

How does all this relate to managing your CPA firm? I believe there are many misconceptions flourishing inside accounting firms. Staff don’t care about the firm, they just want to put in 8 hours and then go home. Non-CPAs working at the firm are not as smart as the CPAs. The partners are stingy.

cpas 45

cpas Florida cpa firm Education 45

Going Concern

JUNE 15, 2023

Note that ‘XYZ’ was a placeholder, they were apparently in such a rush to create this CPA-killing credential they couldn’t come up with a name. The article is “The Crisis in Accounting Education” by Alexander L. Gabbin, CPA, PhD, then the KPMG LLP Professor of Accounting at James Madison University.

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Account accounted accountant Education 59