News

9-Steps & Ideas For Building A Strong Remote Work Culture In Virtual Teams

August 04, 2022

We designed this definitive guide to help you become a virtual work culture guru.

  • business and industry
  • practice management

Relatively few small businesses aided by COVID tax relief

August 03, 2022

Small business owners have been hampered by complicated tax forms and processes that kept them from claiming pandemic-related tax credits and payroll tax deferrals, according to a new government report. Only up to 7% of small business owners were able to claim the tax relief, and they fell mainly within specific racial, ethnic and gender groups.

  • business and industry
  • coronavirus
  • practice management
  • federal tax

Tax Work is Key to Driving Supply Chain Resilience

August 03, 2022

Supply chain challenges can wreak havoc on businesses that rely on a steady stream of products, services, or components to survive. We’ve seen some immense disruptions over the last two years, and we’ll likely continue to experience them. We should expect future crises, as a complex, unpredictable global economy filled with interdependent, diverse economic agents and entities that continue to rise.

  • business and industry
  • practice management
  • federal tax

Nearly Half Of U.S. Companies Plan To Add Staff In The Second Half Of 2022

August 01, 2022

The job market will remain strong for the latter part of 2022, research from talent solutions and business consulting firm Robert Half shows. According to the company's State of U.S. Hiring Survey of more than 1,500 managers, 46% of respondents anticipate adding new permanent positions during the second half of the year; another 46% expect to fill vacated positions and only 8% foresee hiring freezes or layoffs.

  • business and industry
  • career resources
  • practice management

Tactics a Real-Life Firm Uses for Hiring Success

August 01, 2022

The accounting industry has been embroiled in a war for talent for many years. Our industry is facing new seismic shifts from labor shortages, declining accounting program enrollments, the lowest CPA exam rates in history, the Great Resignation, new employee requirements, and the fact that people are still moving around the country.

  • practice management

5 Ways to Prepare Small Businesses for a Recession

July 28, 2022

Both you and your small business clients have likely been dealing with all the effects of inflation as of late — the prices of raw materials have skyrocketed, shipping costs are way higher than usual, business commutes now weigh much heavier on your bottom line due to astronomical gas prices; the list goes on. Small business owners have likely been hoping for a respite from it all, but unfortunately there may be another big problem on the horizon: a possible recession.

  • business and industry
  • practice management

Burnout talk more prevalent than in earlier pandemic period

July 26, 2022

UK workers are discussing burnout at increasing rates, but they aren’t taking advantage of opportunities to rest and recover, Glassdoor research finds.

  • business and industry
  • career resources
  • practice management

7 Trends Accountants Should Expect in 2022

July 25, 2022

It's a new era for accountants and business owners alike. Gone are the days of cubicles, strict 9-to-5 work weeks in the office, mounds of paperwork, and other signifiers of the Boomer era. The marketing trends of 2022 are radically different and moving to video; cryptocurrency is becoming more ubiquitous; flexible work schedules are in demand. Here's what to pay attention to.

  • business and industry
  • career resources
  • practice management

We've Got a Bigger Problem Now

July 22, 2022

Frustrating dealings with the IRS – whether due to slow responsiveness, backlogs or other performance issues – were cited as the top challenge of smaller firms with 10 professionals or less, according to the 2022 PCPS CPA Firm Top Issues Survey, sponsored by the American Institute of CPAs’ practice management section.

  • practice management
  • federal tax

Corporate tax departments expecting changes

July 21, 2022

Corporate tax executives are anticipating changes in government tax requirements over the next two years, but they feel less prepared to deal with them than they did last year, according to a new survey.

  • business and industry
  • practice management
  • advocacy - federal
  • federal tax

Building Partnerships to Support Your Practice

July 20, 2022

The traditional “affiliate” partnerships between accountants and technology providers (which can pay you a commission) are increasing exponentially with the rise of new and improved applications.

  • practice management

Accounting is More Than Technical Ability

July 19, 2022

Beyond a CPA’s licensing requirement dictating continuing professional education, the justification for investing in professional development is simple: Employers want well-trained and capable associates serving their clients and stakeholders.

  • career resources
  • practice management

Future of work: More CEOs working remotely as employees do the same

July 19, 2022

When ADNET Technologies CEO Christopher Luise’s mother got sick last year, he packed his bags and went to Florida to spend time with her before she passed. And, in a post COVID-19 world where remote work is increasingly acceptable, he was able to take care of his family without abandoning his company.

  • business and industry
  • career resources
  • coronavirus
  • practice management

5 ways to create intentional collaborations in a hybrid workplace

July 18, 2022

Employees are finding new ways to work together, but leaders must be proactive in creating those opportunities.

  • career resources
  • practice management

What new managers wish they’d known

July 15, 2022

When it comes time to transition into leadership, there is often no instruction manual. Instead, you learn as you go. Here are some tips for new managers to keep in mind.

  • career resources
  • practice management

Exposure Draft: Proposed 2024 CPA Exam changes

July 14, 2022

The Exposure Draft (ED), Maintaining the Relevance of the Uniform CPA Examination® - Aligning the Exam with the CPA Evolution Licensure Model, presents an informed and thoughtful proposal for the 2024 CPA Exam. Interested parties may comment on the ED by sending responses to practiceanalysis@aicpa.org no later than September 30, 2022.

  • accounting and auditing
  • business and industry
  • career resources
  • practice management

The Financial Upside of Employee Recognition

July 14, 2022

Avoid the financial risk of the Great Resignation by implementing an employee recognition program to help increase retention.

  • business and industry
  • career resources
  • practice management

After record highs, M&A activity hits a few bumps

July 13, 2022

Global M&A deal activity surged to $5.9 trillion in 2021 and after a mixed first half in 2022, some analysts predict a strong second half for the year.

  • practice management

How to Help Yourself (and Your Team) Avoid Burnout

July 13, 2022

Accountants were reporting high levels of work-related stress before the pandemic, but unfortunately, things haven't improved much. Many people are trying to keep up by working longer hours and ignoring the creeping symptoms of burnout. Jim Boomer says it doesn't have to be this way and offers some tips to help you restore a sense of safety and security to your firm.

  • career resources
  • practice management

5 ways to value employees and boost retention

July 06, 2022

Focusing on team morale and engagement can help you emerge as a winner in the global talent wars.

  • business and industry
  • career resources
  • practice management