Article

October 2, 2019 

If a partner is both retiring and selling his or her practice, then an extended reporting period insurance coverage, commonly known as “tail coverage,” is highly recommended. With this coverage in place, the risk to the former and continuing partners ...

October 1, 2019 

It’s all too easy to feel stagnant in your career, no matter how much success you’ve achieved. You could be a partner at a major firm and still suffer from a sense of wanting more. You know the story. You have a great job, opportunities to move up ...

Amy Vetter

October 1, 2019 

As businesses mature in their digital transformation, more data is flooding into the workplace at a faster pace than ever before. In fact, IDC predicts the amount of worldwide data produced from cloud applications and devices will grow 61 percent by 2025.

October 1, 2019 

When a bank needs to send money to a location where their bank does not hold an account, the bank instructs an intermediary bank to act as a “middle man” to pass on the funds on their behalf. Funds can transfer between multiple intermediaries ...

October 1, 2019 

By Tim McCormick, SaaSOptics As a CPA, it’s important that you stay on top of financial operations trends and solutions, both for growing your practice and better servicing your clients. One such trend that is within reach and easy to adopt is cloud-based accounting. Today, traditional forms of managing a company’s finances with manual entry,...…

September 18, 2019 

By Joseph Wolfe and Lindsey Pilla. Federal, state and, in many instances, local laws prohibit sexual harassment and employment discrimination. These laws hold employers responsible for maintaining a non-discriminatory workplace free of harassment, intimidation and retaliation. In 2006, the “Me Too” movement was founded by Tamara Burke to aid women who have been victims of...…

September 17, 2019 

A roundup of news briefs relating to the American Institute of Certified Public Accountants.

September 17, 2019 

Conventional wisdom suggests the carrot has worked in the past, and young staff accountants devote their careers to chasing the carrot, angling to become a partner.

Garrett Wagner

September 17, 2019 

In the business communication classes that I teach, I’m often asked how we accountants should respond when clients want to communicate with us via text messaging. Sometimes this question falls directly down generational lines ...

September 16, 2019 

How many times have you or your staff misplaced a document lately? Perhaps you were positive it was on your desk, but you suddenly realize it’s nowhere to be found. If you’re one of the lucky ones, you found the document in question later that day...

Mary Girsch-Bock

September 16, 2019 

One aspect of an economic slowdown companies are prone to overlook involves taxes. Recessions tend to widen the tax gap, essentially the difference between how much taxpayers owe and how much they actually pay. An increase in the tax gap would almost assu

Wendy Walker

September 16, 2019 

Demand for accounting and finance professionals remains high according to July's jobs report numbers from the U.S. Bureau of Labor Statistics (BLS). Employers added 164,000 jobs in July, including 6,300 jobs in accounting and bookkeeping services.