Accounting August 4, 2026
Nominations Open for Innovation Awards and 40 Under 40 Awards
Nominations are currently being accepted for CPA Practice Advisor's 40 Under 40, 20 Under 40, and Tax & Accounting Tech Innovation Awards.
May 22, 2017
Spring Training for CPA Teams
Baseball fans get excited when spring rolls around. It’s the first step of a new season — the moment when everyone sees what your team is made of. Although there are no leagues or playoffs in public accounting, managers still needs to gear up all ...
May 22, 2017
May 2017 Firm Management Channel
Important Components of a Professional Liability Insurance Policy Covered and excluded services- Ensure that your policy contains no limitation to fees, areas of practice and or persons covered. You want to ensure coverage for a broad variety of professional services and persons that work for you. Coverage must be full tort (not restricted to negligence)....…
May 22, 2017
Are Portals Finally Coming of Age?
Portals have been in existence in the accounting profession for around 20 years. Many public practice firms set up proprietary portals that had integration benefits to their practice management systems and were integrated into early web sites.
May 22, 2017
Reaching Clarity On Remote Work Policies
Remote work is a popular topic of discussion at many firms across the country. Yet few firms sit down to flesh out detailed policies for remote workers before their first virtual employee is in place. Typically, one valuable employee requests to work ...
Technology May 22, 2017
Top Business Trend for 2017: Achieving Work-Life Balance
Transitioning from a traditional IT setup to the cloud can not only save your business IT dollars, but it has nontangible benefits as well. One of those benefits is creating a better work-life balance for your employees.
May 22, 2017
10 Tips for Firm Retreats
As a former managing partner (MP) with a firm who religiously held an annual retreat, I can offer a few tips to you from experience that will help you get the most out of the process. You're investing a lot of time (= money) taking your top talent ...
May 22, 2017
Apps We Love: Insurance Tools
When you’re thinking about your insurance needs, where do you turn? We wondered if there were apps to help us and started doing some research. Here’s what we found, with the help of some of our members of the CPA Practice Advisor community.
May 22, 2017
Ten Income Tax Benefits for Farmers
Farming has often been viewed as the backbone of the American economy. While technology and other recent developments may have changed this thinking, farmers still enjoy a preferred status, at least as federal income taxes are concerned. For instance, ...
May 22, 2017
May 2017 Tax Channel
I have a client, a husband and wife, and about fifteen years ago the wife went to prison for embezzling money from her employer. In 2007, when she began serving her sentence, her retirement accounts and everything else were liquidated to pay ...
May 22, 2017
When Does “Placed in Service” Start for Depreciation Purposes?
Generally, a business is entitled to claim depreciation deductions for property, including real estate, beginning in the year the property is “placed in service.” Similar rules apply to Section 179 deductions and “bonus depreciation” deductions, as ...
May 22, 2017
Treating LLC Members as Employees
For an LLC that’s electing to pay tax as an S-Corporation or C-Corporation, it is perfectly fine to treat the members of the LLC as employees. Where it goes awry is when LLC members of partnerships or disregarded entities are treated as employees, and...
May 22, 2017
Agriculture Services Marketing Tips
Similar to the tax season, agriculture clients have busy seasons too – planting and harvesting. It’s tough to reach clients, and it’s even tougher to gain new clients, during that time. What’s a practitioner to do?