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Accounting practices have traditionally relied upon referrals for new business. A good word dropped by an existing client or a friendly banker were surefire ways to drive new business and grow an accounting firm. Times are changing, however, and this tried-and-true business development strategy no longer has the pulling power it once did. The Hinge […]
Virginia Brown Edwards acquires Dixon Hughes Goodman’s Newport News practice Details: Brown Edwards is acquiring the Newport News, Virginia, practice of Dixon Hughes Goodman, effective Oct. 31, 2018. As part of the deal, two DHG partners, Hugh Barlow and Leslie Roberts, along with most of the staff from DHG’s Newport News office, will join Brown […]
Companies are still behind schedule in getting ready for the impending lease accounting standard, according to a new survey. Only 43 percent of public companies are in the final implementation stage of deploying a tool and migrating data for the new standard. For public companies, the new leases standard takes effect for fiscal years, and […]
CohnReznick, a Top 100 Firm, has picked Wolters Kluwer Tax Accounting’s Integrated Audit Approach system to provide audit services to clients in its 26 offices. Wolters Kluwer has been adding more knowledge management and data analytics features to its audit software. The company showcased the software last week at its CCH Connections user conference in […]
Melvin Wax, an 88-year-old retired accountant, was one of the 11 people who were killed Saturday while attending services at the Tree of Life synagogue in the Squirrel Hill neighborhood of Pittsburgh when a crazed gunman opened fire on worshipers. Wax was reported to be leading religious services in the basement of the synagogue when […]
The Institute of Management Accountants has signed a memorandum of understanding with the Association of Latino Professionals for America to demonstrate both groups’ commitment to diversity and inclusion. The deal expands the IMA’s relationship with ALPFA, a prominent Latino professional association for accountants and finance professionals, boasting more than 92,000 members across the country. The […]
Courtesy of GASB Accounting Standards Update 2018-16 from the Financial Accounting Standards Board adds the Overnight Index Swap rate based on “a broad Treasury repurchase agreement financing rate referred to as the Secured Overnight Financing Rate” to the list of benchmark rates allowed for hedge accounting. The new rate was introduced as the result of […]
Victims of severe storms, tornadoes, straight-line winds, flooding, and landslides that struck Wisconsin beginning on Aug. 17 may qualify for tax relief from the IRS. To qualify, individuals must reside or have a business in Crawford, Dane, Juneau, La Crosse, Monroe, Richland, Sauk and Vernon Counties. Federal disaster declaration permits the IRS to postpone certain […]
Professional services firms can succeed financially as either “shared services” or “shared vision” firms, although shared service firms have limitations. Your question may be, “What is the difference?” One of the biggest differences is the ability to sustain success and stay future-ready, especially in today’s disruptive environment. Developing a shared vision is not that difficult, […]
In a world where many people won’t even consider going to a restaurant without checking its Yelp review first, G2 Crowd has become a critical gatekeeper in the software world: The website collects reviews and ratings for business software and services companies, and it plays a part in how CPA firms and value-added resellers of […]
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