Firm Management July 10, 2026
Avoid Assumptions: Use Career Conversations to Guide Your Firm’s Succession Planning
A succession plan built on assumptions is likely to fall short of expectations when it matters most.
March 1, 2021
IRS Warns of Improper Corporate Domestic Production Deductions
IRS officials have issued an alert concerning amended returns and claims for the Domestic Production Activities Deduction. This provision of tax law was repealed as part of the Tax Cuts and Jobs Act for taxable years after Dec. 31, 2017. In the wake of...
March 1, 2021
To Post or Not to Post? Choose Wisely, Your Firm’s Reputation Relies on It
Social media can be a rewarding place for accounting firms – it provides a platform to build relationships with customers and prospects and, ultimately, grow revenue. And the benefits have never been greater. In fact, a recent study from Sprout Social ...
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February 27, 2021
House Passes $1.9 Trillion Stimulus Package: $1,400 Payments to Most Taxpayers
The House passed a $1.9-trillion COVID-19 relief package early Saturday, pushing forward the aid millions of Americans have waited for as the country continues to grapple with the pandemic that has killed half a million Americans and crippled the economy.
February 26, 2021
Don’t Leave Money on the Table: Employee Retention Credit Modified and Extended
Good news for small business owners! The Consolidated Appropriations Act, signed into law on December 27, 2020, has expanded and clarified CARES Act benefits for employers.
February 25, 2021
Get Off the Hackers’ Hit List: Evolving Competencies for Finance Firms Today
Almost from the outset of the pandemic, financial services organizations found themselves near the top of hackers' hit lists. And, at least in a few crucial respects, it's not so hard to see why. Reams of personal and financial data.
February 25, 2021
New Unemployment Claims Decline More than Forecast
Applications for U.S. state unemployment benefits fell by more than forecast last week to the lowest since November, signaling that job cuts are starting to ebb as COVID-19 infections decline and vaccinations accelerate.
February 25, 2021
IRS Still Working on Last Year’s Tax Returns, May Extend 2021 Tax Deadline
Amid recent requests by the AICPA and National Association of Tax Professionals that the IRS extend the 2021 income tax filing season, millions of Americans are still challenged by a backlog at the IRS of income tax returns from last year.
February 24, 2021
The Key to Effective Change Management: Don’t Forget the Human Element
Change management can be an ambitious undertaking, but it’s important to remember the biggest piece of any change management plan: your people.
February 24, 2021
Americans Expect to Need $1.9 Million in Retirement
Forty-one percent of those responding to the survey have made changes to their 401(k) as a direct result of COVID-19 and its economic impact. The top action steps taken by these individuals were a combination of defensive and potentially ...
February 19, 2021
Grant Thornton Launches ptvault.x Platform for Managing Personal-Property Taxes
Grant Thornton LLP has launched ptvault.x, a new platform to help companies manage personal-property taxes. The cloud-based platform provides Grant Thornton’s clients with data transparency and reduced complexity.
February 18, 2021
Hedge Accounting For Interest Rates: ‘Blend and Extend’ Strategy
Employing a “blend and extend” strategy to reduce near-term cash spend may be ideal in the current environment, but companies should also be aware of the associated hedge accounting implications.
February 18, 2021
New Unemployment Claims Hit 4-Week High
Applications for U.S. state unemployment insurance jumped to a four-week high, indicating the labor market is suffering fresh setbacks even as the coronavirus pandemic shows signs of ebbing.