4 things your clients don’t know affect their taxes

This year is coming to an end, and there’s one thing we can all agree on: 2018 was a doozy for tax practitioners. Between tackling a challenging busy season, reading up on the Wayfair ruling and navigating the constant stream of tax reform guidance, there’s been a lot to keep up with. But while you […]

3 lessons “It’s a Wonderful Life” can teach you about revenue recognition

What happens when a small business fails to comply with important regulations? In the classic movie It’s a Wonderful Life, a local building and loan association is in danger of failing its bank audit because of a major—but innocent—mistake by one of its officers. Are your clients in the same kind of danger as Bailey […]

It’s beginning to look a lot like tax busy season

Washington, D.C., got its first taste of winter just two days after the AICPA National Tax Conference this year. In some parts of the capital, it was just a dusting of snow. For those just north of the city, it was a blanket. While CPAs bundled up, drank hot cocoa and anticipated the wonder the […]

A recipe for success: Experiences to keep your clients coming back

You’re staying at a hotel in a city you’ve never visited before. After you check in and unpack your bags, you realize you’ve forgotten your pajamas and it’s too late to shop. You walk down to the lobby and mention your predicament to the front desk clerk. Sympathetically, she offers a solution. She tells you […]

40 trends that the Auditing Standards Board has outlived

Everyone gets pretty nostalgic on their fortieth birthday. But what if you are the Auditing Standards Board? How would you celebrate? We decided to take a light-hearted look at the trends that have come and gone over the last four decades. Join us for this ride back in time.  Communications. In 1978, auditors didn’t have […]

Americans want employers to show them the benefits

Today, the perfect job is about more than the money. Americans want employers to show them the benefits. New original research conducted by The Harris Poll for the American Institute of CPAs (AICPA) found that Americans value having a job with benefits more than one with a higher salary. Neal Stern, CPA and member of […]

Wine, cheese and revenue recognition for everyone

If you think the Financial Accounting Standards Board’s (FASB) new revenue recognition standard is only applicable to those in the wine and cheese crowd, think again. The standard impacts companies of all sizes, from specialty shops to corporate lenders. You don’t need to be in an industry with specialized revenue to turn your attention to […]

3 tasks your organization can automate to save time

By now, you’ve heard how automation can save you from the boredom of copying and pasting all day. But you might still be wondering what processes your organization can automate to save time. Look no further. Here are three areas finance and accounting professionals can look at as automation opportunities. Credit applications Still running credit […]

4 tips to identify audit client risks

This blog post is the second in a series on risk assessment, a significant audit quality issue. View the first blog post here.  Anyone who owns a home has had some experience with lawn care. Maintaining a healthy lawn is easy when you have a lush field of bluegrass, but when things start to get […]

Your life. Your terms: Four steps for reducing stress and reclaiming your life

Life is stressful, there’s no doubt about it. But you have the choice to maintain a different perspective, instead of letting stress overtake you every day. Here are four steps to reduce stress and live a well-balanced life: Step one: Get clear on your purpose Living life on your own terms requires clarity of purpose. […]