News

Biden administration to withdraw Covid-19 vaccination and testing regulation aimed at large businesses

January 25, 2022

The Biden administration is withdrawing its Covid-19 vaccination and testing regulation aimed at large businesses, following the Supreme Court's decision to block the rule earlier this month.

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

Great Resignation repositions accountants

January 18, 2022

The so-called Great Resignation is presenting an opportunity for accountants to seek out more satisfying places to work where they can realize their career goals or just be able to balance their work and personal lives better.

  • career resources
  • practice management

Schedule for EEO-1 Reporting Announced

January 14, 2022

The U.S. Equal Employment Opportunity Commission (EEOC) has announced its tentative schedule for the 2021 EEO-1 Component 1 data collection portal, which is set to open on April 12 with a filing deadline of May 17. We've gathered articles on the news from SHRM Online and other outlets.

  • practice management

5 tips for becoming a more effective leader for a virtual workforce

January 07, 2022

Effectively leading through a computer screen requires an extra dose of empathy and communication.

  • business and industry
  • practice management
  • technology and cybersecurity

Connecticut CPA Magazine Excerpt - The FASB and the GASB: Meet the New Chairs

January 06, 2022

Meet Joel Black, Chair of the Governmental Accounting Standards Board and Richard Jones, Chair of the Financial Accounting Standards Board.

  • accounting and auditing
  • business and industry
  • advocacy - federal
  • not-for-profit
  • practice management

How to Prepare Your Workplace Culture for 2022

January 04, 2022

With more and more employees working remotely or a hybrid work schedule, leaders must embrace the shift in office culture in the coming year.

  • practice management

Tax pros focusing on recruiting and training new talent

January 04, 2022

Tax leaders are concentrating on recruiting and training new and existing talent this year, while emphasizing personal development and health and wellness in order to attract and retain good people, according to a new survey.

  • practice management
  • federal tax

Why the Capacity Problem is Not a People Problem

January 04, 2022

A key part of managing the CPA firm of today is automating certain tasks to free up more time for CPAs to offer more value to clients. In this article, Will Baker reflects on his time at the Digital CPA conference, where a major takeaway was the need to solve the "capacity problem" by examining its root cause.

  • practice management

5 Reasons to Reevaluate Your Accounting Software

December 23, 2021

As CPAs strive to manage the shift to remote working environments and adapt to new challenges, they are increasingly adopting software solutions to help them stay ahead of the game and ensure they deliver on their core responsibility – to provide exceptional business advice to their clients.

  • business and industry
  • practice management
  • technology and cybersecurity

Putting the Process Back in Automation

December 23, 2021

It's tempting to look for automation opportunities and jump right in. And while this strategy can deliver some quick wins, your firm will see better results if you create a process for innovation and a process around automation.

  • business and industry
  • practice management
  • technology and cybersecurity

4 In 10 Workers Plan To Look For A New Job In First Half Of 2022

December 15, 2021

More than one-quarter would quit without another job lined up, Robert Half survey finds.

  • business and industry
  • career resources
  • practice management

Large Employers Hesitant About Vax Mandate

December 14, 2021

“The majority of employers are really in wait-and-see-mode" amid legal challenges to the Biden administration's COVID-19 vaccine rule.

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

New liability risks for the new year

December 13, 2021

The successful expansion of many accounting practices during the pandemic has set them up for liability risks in the year ahead.

  • coronavirus
  • practice management
  • technology and cybersecurity

Seven Steps to Prepare the Firm for Tax Season

December 13, 2021

Tax season is almost upon us – and the anticipation for a busy, intense time of year is building. Fortunately, tasks such as staffing, registration, organizers and additional administrative responsibilities can be addressed early, giving CPAs the ability to devote more time to client work.

  • practice management
  • state tax
  • federal tax

The Number Of Americans Filing For New Unemployment Benefits Just Fell To A 52-Year Low

December 09, 2021

The number of Americans filing initial jobless claims last week unexpectedly fell to the lowest level in 52 years, faring much better than economists were expecting despite ongoing struggles in the labor market, which is still down about 4 million jobs from pre-pandemic levels.

  • business and industry
  • practice management

Are you having hiring issues? Here’s some ways to fix them

December 06, 2021

The country is experiencing a significant hiring issue. Several factors are keeping individuals out of work despite the clear demand for labor countrywide.

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

Clients Who Owe Payroll Taxes Should Beware Jan. 3

December 06, 2021

The CARES Act was passed during the Coronavirus outbreak and among many helpful changes, allowed employers to defer paying part of the payroll taxes until 2021. Though the IRS noted that many employers failed to begin repaying in 2021 as scheduled, it has held off any enforcement for fear of causing more hardship as the economy had not yet rebounded. No longer.

  • business and industry
  • practice management
  • federal tax

The 2021 Top 100 People: The major issues facing accountants

December 03, 2021

Unsurprisingly, the Great Resignation was far and away the most urgent issue on the radar of this year’s Top 100 Most Influential People.

  • business and industry
  • practice management

Why CPAs Should Collaborate More Than Ever

December 03, 2021

CPA firms by necessity have learned much during the pandemic, from offering remote customer services to deploying cloud and other technology solutions, all with the goal of continuously providing their clients with superior service. But there was one lesson from the pandemic greater than all the rest.

  • practice management

How to Make Things Easier for Your Clients and You

November 24, 2021

When I think about how musicians listen to each other and adjust accordingly, I see that same attribute when an accountant coordinates with a client. Partners play the role of the conductor. A properly-run accounting firm is like an orchestra at its finest. Done well, it’s beautiful music and a fine performance to watch. In other words, it is a pleasure to hear and experience. Done poorly, it’s a waste of time and is frustrating for everyone concerned.

  • practice management