Now that you have made it through yet another tax season it is time to start thinking about what to do next. Is it too soon to start preparing for next tax season? Should you start looking for new clients? Here is a list of great things to take advantage of the post-tax season time […]
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How to Increase Firm Profitability
Starting out in a firm, new employees are inspired to stay with a single company and work their way to the top over time. How are these firms growing alongside their talented employees? Firm profitability is a major part of running a business, and this list includes important attributing factors to help increase profitability. […]
Should Financial Advisors Be Worried for their Jobs?
With the ever-growing online software systems for finances, things are getting easier for customers and more difficult for the employees trying to reach them. Are financial advisors at risk with the newest advising software? Financial advisors are often out of many people’s price range, but this new online application is free – applicable to […]
The Big Four Gains its Second Female CEO
2015 has been a great year for female executives in the accounting industry, as two of the Big Four accounting firms have named female CEOs. KPMG announced its first-ever female CEO, Lynne Doughtie, on April 21. This might seem like a big milestone for the industry, but statistics have shown an increase in women in […]
Campaign Finances: What Your Clients Need to Know
During the 2012 presidential election, the Obama and Romney campaigns received over $4 billion from individual donations, political parties, action committees and congressional candidates. The total amount comes to over $4 billion, which is less than the 2012 GDP of Sweden, Austria, Chile and other small countries. Of that $4 billion, almost $602 million […]
Importance of Cybersecurity to Consumers
In a survey by AICPA, 25% of Americans say they have been victims of cyber attacks. This number has drastically increased since last year, and consumers are getting increasingly worried. The attacks are enough to change 82% of consumers’ spending habits to cash or check. Forty percent even noted cutting online spending to avoid the […]
![FASB Delay in Revenue Recognition [Video]](/wp-content/uploads/2016/12/5-5-blog-header.jpg)
FASB Delay in Revenue Recognition [Video]
As you may have heard, last week FASB issued a proposed Accounting Standards Update that would defer the effective date of its new Revenue Recognition standard by one year. Just because FASB has given more time, it does not mean you should delay investigating the impact it could have. The delay was provided to give […]
Going Concern Issues in Audits, Reviews and Compilations
Think you don’t need to worry about going concern disclosures because the new FASB rules aren’t in effect yet? Well, we’re encouraging you to think again! Even for those who aren’t implementing ASU 2014-15 early, it is still relevant to discuss going concern disclosures now under existing rules. Going concern is an area […]
Looking for a way to opt out of the recent GAAP changes?
Smaller, non-public entities now have that option. Through AICPA’s Financial Reporting Framework for Small and Medium Sized Entities (FRF for SMEs), small entities have a cost beneficial alternative. This special purpose framework will help dodge the ever-changing rules and regulations set by the GAAP. The FRF for SMEs became available in 2013 so the acceptance […]
Senior-Level Interview Tips
Senior- level interviews are critical for candidates to demonstrate their skills and abilities. However, carrying out this task without seeming conceited can be challenging for executives with several years of experience. According to Neil McNulty from McNulty Management Group, senior- level candidates often walk into an interview expecting the company to recruit […]