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I was once asked, “Why is growth important?” My short answer was it comes down to perspective. Do you want your firm to be relevant and be a disruptor, or do you want your firm to be irrelevant and be disrupted? Without growth, your firm will certainly be the latter. Let me explain by sharing […]
The Senate Finance Committee plans to vote Thursday on President Trump’s nomination of tax attorney Charles Rettig as the next commissioner of the Internal Revenue Service. The committee held a confirmation hearing at the end of June where it heard testimony from Rettig, who was asked about Trump’s reluctance to release his tax returns (see […]
The International Federation of Accountants has updated its guide to using International Standards on Auditing in audits of small and midsized entities. IFAC released the fourth edition of its Guide to Using ISAs in the Audits of SMEs, Fourth Edition. The updates in the latest edition reflect recent changes to the International Standards on Auditing, […]
The California Society of CPAs marked a milestone Monday, with chairman Lewis Sharpstone saying the organization now has 45,000 members, making it the biggest state CPA society in the country. “We are gratified that so many California certified public accountants, CPA candidates, students and financial professionals have decided that membership in the California Society of […]
More than 75 percent of CPAs in New Jersey say the Garden State’s recently enacted budget would have a negative impact on the economy, according to a new survey by the New Jersey Society of CPAs. The NJCPA polled 921 CPAs for the survey and found that 39 percent predicted the state economy could get […]
Companies that refer to trade secrets in their Form 10-K annual reports are at greater risk of cyberattacks from criminals who are intent on uncovering them, according to a team of accounting researchers. The research, by Michael Ettredge and Yijun Li of the University of Kansas and Feng Guo of Iowa State University, is expected […]
The Internal Revenue Service is preparing to send millions of dollars in tax refunds to veterans who received disability severance payments starting in 1991. The tax refunds are the result of a 2016 law known as the Combat-Injured Veterans Tax Fairness Act (see Combat-injured veterans receiving special tax refund). More than 133,000 injured vets may […]
When you start marketing your firm using a variety of marketing tactics at once, you will soon realize that all leads are not to be treated equally. A lead is not a lead. That’s right; some prospects are more motivated than others and should be treated differently, reflecting the depth of their need and readiness […]
WithumSmith+Brown, a Princeton, N.J.-based firm ranked No. 25 on Accounting Today’s Top 100 Firms of 2018 list, has opened a digital currency and blockchain services group. In the works for a year, the creation of the new service line was spurred by the “emergence of cryptocurrency in the public lexicon, in the technology industry and […]
Don’t succumb to decision fatigue When people get overwhelmed with too many choices, they usually take the safe way out and decide not to do anything.
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