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When an accounting firm’s business client faces an IRS audit, the stakes of having qualified advice from their accountant are clearly higher than if the client needed help on a simple IRS inquiry letter or notice. The client is also likely more anxious about the audit than they would be over a simple notice. Chances […]
States may receive a major boost in their corporate tax revenues as a result of the Tax Cuts and Jobs Act, according to a new report. The report, prepared by EY’s Quantitative Economics and Statistics unit on behalf of the Council On State Taxation’s State Tax Research Institute estimates the nationwide overall increase in state […]
The CPA Consultants’ Alliance made some leadership changes and added new members, including a CPA Next group of up-and-comers. During a recent meeting, CPACA members approved the following slate of officers: • Carrie Steffen, President, The Whetstone Group – President of CPACA • Roman Kepczyk, Director of Consulting, Xcentric – Vice President/Meeting Chair of CPACA […]
Unpleasant clients don’t go away…unless you drop them. If you don’t want to drop them, then I suggest you try giving them priority care so they won’t pester you so much. Sounds like a stupid thing to do: giving them better attention than your nice clients. Here is what I have done and do, and […]
Flush with cash from President Donald Trump’s tax overhaul and bathing in more earnings than they know what to do with, U.S. companies are embarking on a buyback binge of historic dimension. How big will it be? JPMorgan Chase Co. strategists led by Dubravko Lakos-Bujas estimate that gross share repurchases will reach a record of […]
The frenzied pace of CPA firm mergers and acquisitions has not slowed down one bit. We continue to witness a perfect storm caused in part by clients that continue to experience slow growth, if any. They aren’t in need of CPA services beyond the basic compliance services. Net profits per partner continue to be not […]
Financial professionals in the Americas and Europe are generally making as much or slightly more than last year, particularly those with certifications, according to a new survey by the Institute of Management Accountants. The IMA’s annual global salary survey not surprisingly found the most significant increases for people who have the Certified Management Accountant certification. […]
CPAs are seeing more demand for wealth management and financial planning advice with the passage of the new tax law. “Generally speaking the tax law changes have created even more conversations between financial advisors and their clients about what it might mean to their saving and investment plans, and what it might mean to their […]
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