Consulting

The American Institute of CPAs’ governing council approved a resolution authorizing the development of two new credentials for fair value measurement at the AICPA’s Spring Meeting of Council in Washington, D.C., on Monday.

There are accountants who only do accounting and accountants who also do other things such as selling financial products and doing deals with the client. There is nothing wrong with this, but with some very minor exceptions, I never did the other things.

Recently I was asked if I could provide some reasons for my success.

To many, “sustainability accounting” sounds like an oxymoron.

CPAs and accountants need to focus their organizations on anticipating change, rather than merely responding to it, according to futurist and technology educator Dan Burrus.

We all have clients who wonder what their business is worth and sometimes imagine getting away from it all.

Tech consultant Joe Woodard talks with Accounting Today editor-in-chief Dan Hood about the changing opportunities for accountants with cloud and mobile technology.

In February, I wrote an article about the challenge I was about to embark on: tax season along with training for an Ironman competition.

Limited liability companies have become the entity of choice for small business owners and are commonly utilized by professionals in asset protection planning.

The American Institute of CPAs is pushing to improve the quality of employee benefit plan audits, in part by discouraging unqualified firms from offering the service, in advance of an upcoming report from the U.S. Department of Labor that is expected to find continuing problems with the quality of one-third of the audits.

Marc Rosenberg of Rosenberg Associates talks about ways to encourage growth in accounting firms and attract qualified staff, and the threats and dangers that firms confront if they become too complacent, in an interview with Accounting Today editor-in-chief Dan Hood.

The American Institute of CPAs has issued a set of questions and answers on the services a practitioner can provide in connection with the American Land Title Association’s Best Practices Framework for real estate settlement.

I had a client who had five sons and three daughters that worked in his business. Their ages ranged from 28 to 48. I was helping him with exit planning and suggested that I could possibly structure a transaction where either some or all of his children could buy his business.

The recent IFAC Global SMP Survey from the International Federation of Accountants showed that attracting new clients is a top concern for accountants in small and medium practices, with 58 percent of respondents rating it as a high or very high challenge.

The Rainmaker Companies has formed a strategic partnership with Corporate Value Metrics, an organization that helps private businesses increase their value via its Web-based tool, the Value Opportunity Profile.

Thomson Reuters has introduced a Checkpoint Learning Health Care Reform Certificate Program for tax and accounting professionals.

Scott Fleszar of Thomson Reuters Tax & Accounting discusses how accountants and tax practitioners can continue to provide value to their clients as advisors, in an interview with Accounting Today editor-in-chief Dan Hood.

Quite often, firms simply don’t know which engagements, service lines or clients are truly the most profitable.

The importance of implementing a formal three-year strategic plan is often lost in the moment of operational management.

Effective asset protection requires the strategic use of several legal components.