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Accountants are facing an onslaught of new financial reporting standards, particularly the revenue recognition and leasing standards, while resorting to various strategies to deal with them. At the Institute of Management Accountants’ annual conference in Indianapolis on Tuesday, Margaret Smith, a project commercial manager at Bombardier Transportation, described how she has been dealing with the […]
Seasoned preparers may recall the earliest days of practice with nostalgia — and sometimes they may wonder what they were thinking. Yet several concerns of a fledgling practice, such as building a client base or picking an advertising avenue, can teach lessons for the life of the business. Like most preparers, for instance, Burbank, Calif.-based […]
The American Institute of CPAs recently named Matthew Rosenberg, president of RoseCap Investment Advisors in Colorado, as the winner of the 2018 AICPA Outstanding Young CPA Award in Honor of Maximo Mukelabai. Now in its seventh year, the award looks to highlight a CPA under 41 who demonstrates successful practices and notable contributions within the […]
Wesley Bricker, chief accountant at the Securities and Exchange Commission’s Office of the Chief Accountant, told attendees at the Institute of Management Accountants’ annual conference in Indianapolis on Tuesday about the vital role he sees them playing in financial reporting. “As management accountants, your work is vital to the financial reporting process,” he said. “You […]
For the 12th annual ranking of CPA firms by assets under management, Accounting Today received submissions from over 200 firms. Such a large number of firms means, among other things, wide diversity in practice structure and in the information submitted. In most cases, firm names are those of the financial planning subsidiary, not the affiliated […]
Yesterday, a great friend, Nicole, earned one of the highest honors in the accounting marketing world: She was named marketer of the year. This is essentially an award given only to one out of 800 accounting marketers nationwide. It’s a huge honor and she is as deserving, if not more so, than every previous award […]
One thing I am good at is leveraging something I did. Leverage in this case means benefiting additionally from what you’ve done. There are also many ways to use leverage. Here are some things I’ve done. • If I have completed a particularly complicated project, I make other clients aware of what I’ve done. This […]
From Excel getting smarter to harassment by emoji and the importance of AI for small businesses, here are ten things that happened in technology in the past few months and how they’ll impact your clients and your firm. 1. Microsoft Excel is getting smarter. Thanks to a fresh infusion of artificial intelligence, Microsoft Excel will […]
Jonathan Blattmachr, an estate planning lawyer, is such a fan of the strategy he’s created to help some of his wealthy clients get around the new property tax deduction cap that he’s using it himself. Blattmachr plans to put his two New York residences — in Garden City and Southampton on Long Island — into […]
President Donald Trump’s personal charity repeatedly and willfully broke state and federal laws by engaging in a decade-long pattern of self-dealing that culminated in illegal coordination with his political campaign, New York alleged in a scathing lawsuit. The president is accused of rampant misconduct by using the charity as one of his personal checkbooks, directing […]
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