Practice Management

Highs, lows, curveballs and surprises are routine for every business, including accounting firms. Pandemics, however, are not routine (thankfully!). This crisis tests and provokes us all to the extreme.

The CARES Act included several provisions allowing companies to claim net operating losses for past tax years, temporarily reversing some of the limitations in the Tax Cuts and Jobs Act.

Employment growth at small businesses improved slightly in May, up 0.25 percent, as stay-at-home orders eased in most states, but that was only after reaching historic lows in April, according to payroll giant Paychex.

After employee pay and rent, partner deferred compensation retirement benefit plans usually are the third largest expense on a firm’s income statement.

The future is uncertain — until you start taking it into your own hands.

Here are some practice management suggestions for the new normal.

Now is a great time for firms to get into cannabis accounting — but they need to be careful how they build their niche.

Darren Root shares why keeping your clients' comfort in mind is more important than ever.

Experts share what the profession has learned from COVID-19, from CPAs being ‘small businesses’ first responders’ to the inevitability of remote work.

On May 26, 2020, thought leaders Gary Boomer, Allan Koltin and Gary Shamis shared their insights on the new challenges facing accounting firms and their leaders, and the steps they should be taking to survive the pandemic and thrive in its aftermath.