AT Think

Attorneys and leeches; poker, pro sports and debt; effects of IRS tardiness; and other highlights from our favorite tax bloggers.

While best known for the unsubstantiated tale about a falling apple that led to his theory of gravity, Sir Isaac Newton’s three laws of motion have withstood the test of time. These principles have remarkable applicability to modern-day accounting firm mergers.

There are two types of accountants—those who do their work with blinders and those with wide-open eyes. Both can do competent jobs for their clients, but the ones with the wide-open eyes grow and can do far better work for their clients.

If firms aren’t proactive, it’s all too easy to drive away clients and lose business (text version).

May is Internal Audit Awareness Month. On the off chance that didn’t make it onto your calendar, I’d like to make the case that rethinking internal audit’s potential is time well spent.

Accountants should start building programs to make the most of the 80/20 rule

The demise of the New York charity offers lessons for other NFP organizations, their advisors and their auditors.

Your firm was knocking the cover off the ball pre-financial crisis (circa 2007 and 2008) with a strategy of getting bigger with quality growth, stronger with quality talent, and more profitable, but it is increasingly obvious that it has become difficult competing in today’s mid-market space.

Jody Padar on how she stopped worrying and learned to love automation.

As startups stay private for longer periods of time under the support of multiple equity financings spanning several years, their common stock valuation history is likely to come under greater scrutiny in the event a public offering is pursued.