News

By Jim Norton, CPA, Principal – GRF CPAs & Advisors and CTCPA Advisory Council Chair

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

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.

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.

By CTCPA Chair Michael Maksymiw Jr., CPA, Aprio Firm Foundation

Despite the differences between state and federal cannabis laws, "cannabusinesses" are at the expanding forefront of a $25 billion industry with enormous potential.

It is not news to CPAs and their firms that the profession began undergoing an enormous consolidation a few years ago, which is expected to accelerate over the next several years.

A Deloitte survey finds that C-suite leaders are beginning to take wellbeing more seriously, and that could serve everyone well – including leaders themselves.

We know what you’re thinking: Can a simple client conversation really save my firm? It can and Jetpack Workflow CEO David Cristello tells you why it matters, what you can learn, and how to maximize the experience for your benefit and your theirs.

A U.S. accounting firm is not prohibited by a White House executive order regarding U.S. sanctions against Russia from providing tax advisory and preparation services to the U.S. subsidiary of a Russian company in certain scenarios, according to guidance issued Thursday by Treasury's Office of Foreign Assets Control (OFAC).

The latest annual Deloitte Gen Z and Millennial survey rates cost of living, climate change, and work/life balance among younger workers’ top concerns.

You might have business-owning clients who are using or thinking about using cryptocurrency in their business transactions, and these clients will need your expertise to deal with crypto tax compliance and to make strategic moves.

Before the COVID-19 pandemic, career coach Amber Setter worked with ambitious clients who were on an energetic career path, vying for promotions in their organizations by increasing productivity and working long hours.

The plunging value of many cryptocurrencies and nonfungible tokens has led to worries about the tax implications faced by crypto investors and companies.

Even if your plans are years down the road, you must start mapping out an effective succession or transition plan early to enable you to realize the full value of the work you put into your firm.

Working a traditional 9-to-5 job has its benefits, but one-third of millennials are finding corporate policies don't meet their needs. To help older accounting professionals bride the generational divide, four CPAs explain why their decided to start their own accounting firms and offer insight into what today's talent is looking for from their employers.

The path forward for firms after more than two years of dealing with a pandemic will require strong leadership, a concerted effort to retain employees and a strategy for remote and hybrid work. Here, Jim Boomer explains how firm owners are shifting their view of the future to overcome the challenges of growing a firm in the new normal.

Cyber incidents continued their upward trajectory in 2021 – once again breaking records and setting the stage for an even more active 2022, with geopolitical events contributing to an already heightened threat level. And in this environment, CPA firms – which accelerated their digital transformation during the pandemic – are particularly vulnerable to an attack.

Accounting firm mergers will likely remain high in 2022, as firms look for solutions to high employee turnover and other challenges posed by the COVID-19 pandemic. In this article, CPA Dan McMahon explains why M&A in 2022 will provide firms with a great opportunity for succession planning.

Big Four firm PricewaterhouseCoopers announced My+, a new three-year, $2.4 billion program to overhaul employees' benefits and professional experience, on Friday.