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Inside Views

  • Art of Accounting: Employees Need to Speak Up

    April 18, 2014

    I started my third job one year and seven months after I graduated college. I was hired as a “junior” but felt I was more experienced since I was doing “higher level” work at my previous job.

  • Small Business Sales Continue at High Level

    April 17, 2014

    The number of purchases and sales of small businesses, at an all-time high in 2013, continues to show evidence of a reviving economy. This is good news for baby-boomer business owners eager to retire and aspiring entrepreneurs who are looking to own their own business.

  • Accountants, Make the Most of Your Tax-Time Meetings with Business Clients

    April 14, 2014

    Accountants who meet with business clients to deliver tax returns during busy season are understandably pressed for time and attention. These brief meetings, however, are an important part of developing and cementing your role as a trusted advisor, and they can pave the way for cross-selling additional services to existing clients.

  • Art of Accounting: The Vanishing Write-up

    April 11, 2014

    Write-ups are extinct. When I started in 1963, most small CPA firms primarily did write-ups. After I started my practice in 1969, it became an embarrassment to say I did write-ups. It connoted something beneath my “professional” status. I think a problem today is that write-ups no longer exist for younger staff.

  • Class Lives under Tax Reform

    April 10, 2014

    While the tax code definition of useful life for business assets is intended to correspond to their actual life, this isn’t always the case.

  • AICPA Issues Accounting and Valuation Guide for IPR&D

    April 9, 2014

    The AICPA recently issued an Accounting and Valuation Guide on assets acquired to be used in research and development activities, replacing a practice aid it issued in 2001 for in-process research and development.

  • Best Solutions for Accountants to Reduce Acquisition Costs and Minimize Client Onboarding

    April 8, 2014

    Every accountant who wants to thrive, or at least survive in the ultra-competitive economy of today, must make sure that they take all the necessary steps to achieve maximum efficiency in all areas.

  • The Leading CPA

    April 7, 2014

    There’s been a shift in our industry over the past 20 years to commoditize mainstream accounting services.

  • Top 10 Lessons in Financial Literacy

    April 3, 2014

    April is National Financial Literacy Month, and in recognition of the importance of the topic New York-based CPA John Vento is partnering with members of Congress from the Financial and Economic Literacy Caucus to speak at high schools and universities in the New York metropolitan area.

  • 10 Things to Consider on a Form 990

    April 2, 2014

    As most exempt organizations know all too well, preparing a Form 990 can be a time consuming and complicated process.

  • Reduce Taxes through Proper Investment Placement

    April 1, 2014

    Investors try to maximize investment returns while managing the level of risk in their portfolios. But only after-tax investment returns are truly available to the investor. Tax consequences should be considered before making any investments. Tax treatment, good or bad, can have a significant impact on an investment decision.

  • How myRA Can Complement Workplace 401(k) Programs

    March 31, 2014

    When President Obama announced the myRA program during his State of the Union Address this year, it likely raised several questions among those in the accounting community: What is this new program? How will it work? How does it compare to the retirement benefits businesses already provide to their employees? What do I need to share with my clients about this?

  • Art of Accounting: ‘Boring’ Continuing Education

    March 28, 2014

    CPAs are required to take continuing professional education courses each year. The amount varies by state, but every state has mandatory requirements.

  • How Ready Are Your Clients for a SALT Exam?

    March 27, 2014

    State tax exam information requests are increasingly becoming more comprehensive and demanding.

  • Death and Tax Refunds

    March 27, 2014

    A decade ago, few of us had heard of identity theft. Now, most of us know someone who has been a victim. And of course, a large portion of ID theft affects tax preparers and taxpayers directly, since tax refunds are a huge target of identity thieves.

  • Radical Self-Care for Busy Season (and Beyond!)

    March 27, 2014

    There is a certain hour during the day when you just want to be done. Sometimes it hits predictably in the mid-afternoon. Other times it sneaks up on you as personalities clash in the office, a client makes yet another last-minute request, or the gas tank light goes on while you are stuck in the evening traffic.

  • Would LeBron James Succeed as a CPA?

    March 25, 2014

    As the NBA season enters its critical stretch of the remainder of the regular season and tax season winds down, the natural question to ask is this: would LeBron James be as great a CPA as he is a basketball player?

  • The Five Other Reasons Clients Choose You

    March 24, 2014

    I remember hearing a story recently about a worldwide relief agency that wanted to expand the vision and thinking of a third-world leader.

  • Art of Accounting: Kennedy’s Acceptance Speech

    March 21, 2014

    This is not about JFK. When he was nominated at the 1960 Democratic Convention, his acceptance speech was preceded with an introduction by Chester Bowes narrating a film about Kennedy’s life and achievements.

  • Avoid These Common Like-Kind Exchange Mistakes

    March 20, 2014

    A like-kind exchange, also known as a Section 1031 exchange after the section of the Tax Code that governs it, is essentially a tax-deferral tool that postpones tax on the exchange of a property for another property of a “like kind.”

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Trends in the Accounting Profession

April 18, 2014

Jim Metzler, former AICPA vice president of small firm interests, and founder of Metzler Advisory Group, talks about how the CPA profession is changing.

Lessons in M&A: Client and Staff Retention

April 14, 2014

Transition Advisors president Joel Sinkin talks about what firms should do after a merger to retain their clients and staff members.

Are You Missing These Growth Opportunities?

April 2, 2014

Gale Crosley of Crosley + Company discusses the practice areas and international opportunities that firms often overlook in trying to grow.



Dumbest Employee Excuses for Being Late

March 31, 2014

Running a little late could have big repercussions, especially at a firm in the midst of busy season. From escaped zebras to must-see TV, employers told CareerBuilder some of the most memorable excuses they've heard from tardy employees.

Common Taxpayer Misconceptions

March 19, 2014

The NAEA’s collection of ridiculous things tax clients believe.

The 10 Fastest-Growing Firms in the U.S.

March 10, 2014

The firms with the highest 2013 revenue growth in our Top 100 Firms/Regional Leaders list.

Top 10 Tech Trends for 2014

March 3, 2014

As companies gain more affordable access to new technology and platforms, they also seek to make smarter investments.

Strangest Tax Deductions

January 31, 2014

The Minnesota Society of CPAs recently conducted its annual survey about the most strange and unusual tax deductions proposed by clients.