millennials 1  54edffba95746

November 16, 2016 

Understanding Millennial Small Business Owners

Millennials are now the largest living generation in the U.S.. An acute understanding of the entrepreneurial individuals in this group is growing to be a necessity for accountants and bookkeepers in order to provide services that will meet their needs ...

 FASB Makes Changes to Investor Advisory Committee

November 8, 2016 

FASB Makes Changes to Investor Advisory Committee

In its new format, the IAC will advise the FASB in two primary areas, including generalist issues (such as Disclosure Framework, Hedging, and other broad projects added to the future agenda) and emerging trends. Future IAC meetings also may include ...

 An Under-40 Perspective on the Future of the Accounting Profession

November 3, 2016 

An Under-40 Perspective on the Future of the Accounting Profession

    Last month was the first annual CPA Practice Advisor “40 Under 40” ThinkTank Symposium. As an attendee and first-time 40 Under 40, I was excited to meet my fellow honorees for a guided discussion hosted by Rootworks in Indianapolis. It was a gathering reflective of the increasingly diverse nature of the profession. There...…

gillette 1  5818bd9cc353f

November 1, 2016 

Gillette Co. v. Franchise Tax Board: Why It Matters

If the court had ruled the Compact was a valid choice regardless of state law, then every state would have repealed it. As it stands, the relevance of the Compact is likely to be revisited once all states use only sales to apportion income ...

Gail Cole

Revenue Models 1  55bbdc0100fd3

October 25, 2016 

Companies Not Prepared for New Revenue Recognition Standards

A new survey conducted by PwC US and Financial Executives Research Foundation (FERF), “2016 Revenue recognition survey: Readiness update, impacts and remaining challenges” has revealed that despite the 2018 deadline, firms are still assessing how ...