News

A bipartisan House of Representatives bill that would add accounting to the STEM education program has strong support from the AICPA.

Employee stock ownership plans (ESOPs) have gained popularity among accounting firms in response to some of the profession’s biggest trends — the influx of private equity (PE), the struggle to recruit and retain staff, and the need to fund partner retirements.

The newest quiet labor trend is slowly eroding workplace productivity and is likely going unnoticed by many companies until it’s too late.

Whether you are approaching retirement age, want to spend more time with your family, or looking to start something new, selling your CPA firm requires proper preparation. Careful consideration of timing and paying attention to details can help ensure a smooth process when you are ready to sell your CPA firm.

In today’s rapidly evolving technological landscape, the use of generative AI is gaining currency in the accounting profession. Not only are CPA firms integrating generative AI into administrative workflows, but a growing number of firms are investigating how deploying generative AI can help them more efficiently deliver solutions to clients. Generative AI options range from publicly available platforms to custom-built systems and include essential programs that also make use of generative AI, such as technical research software. Regardless of the platform or software, CPAs are increasingly asking, “Should we inform our clients about our use of generative AI, and if so, how?“

Companies can adopt practical strategies to attract younger talent to the accounting field while also introducing ways to retain current employees.

The Employee Retention Credit FAQs have been update and answer a number of questions that practitioners have been asking.

Many employees approaching the height of their careers still need multiple jobs to make ends meet, a new report indicates.

At the March State Board of Accountancy meeting, the issue of advertising attestation services and peer review enrollment was addressed. Previously, the Department of Consumer Protection (DCP) prohibited CPAs from advertising attestation work unless they were enrolled in the peer review program.

At his session on day one of the Festival of Accounting & Bookkeeping, Richard Murphy reflected on how the profession has changed and how accountants need to move with the times.

Gen Y employees typically see greater advantages in working in the office rather than at home, compared with their Gen Z colleagues.

Technology modernization isn't just another item on the corporate agenda—it ranks among the top four strategic priorities for IT leaders in 2025, according to Robert Half’s latest Demand for Skilled Talent report. That’s no doubt why 55% of technology and IT leaders cited technical debt as their primary barrier to accomplishing their goals.

The Big Four accounting firm aims to integrate many member firms, particularly smaller ones, into larger operations.

There are many reasons for a business owner to develop a succession plan. It can ensure continuity and minimize disruptions, especially in the face of an unexpected death. It also can help prepare employees for future leadership roles.

56% of leaders report burnout because of a number of internal and external factors, a new survey reveals.

When Michael Ly launched his CPA firm in 2015, his then-revolutionary work model led to some unexpected, and hilarious, circumstances during interviews with potential employees.

According to a news release, CohnReznick will operate in an alternative practice structure following the closing of the transaction. CohnReznick LLP, a licensed CPA firm, will provide attest services, and CohnReznick Advisory LLC (which will not be a licensed CPA firm) will provide tax, advisory, and other nonattest services.

Women in accounting still face outdated bias, inflexibility and a profession slow to change. Ahead of International Women’s Day, Zoe Whitman, founder of The 6 Figure Bookkeeper, reflects on the challenges women continue to face.

The state legislature’s General Law Committee will conduct a public hearing Wednesday to consider a bill that would offer more flexibility for state residents to become a certified public accountant.

Artificial intelligence is shaking up the accounting world, but the firms thriving in this new era aren’t just embracing technology, they’re making sure their people are on board first.