Consulting

Edward Snowden, the former National Security Agency contractor who blew the whistle on the secret surveillance activities being carried out by the federal government, is warning accountants and other professionals to be concerned about the privacy of their communications.

U.S. Wealth Management president and CEO John Napolitano discusses how accountants should take charge of the various advisors that their clients deal with and coach them, in an interview with Accounting Today editor-in-chief Dan Hood.

One of the first, and perhaps most important, decisions a business owner initially makes is the type of business entity to select.

My childhood dream had two parts. One was to have my own CPA practice and the other was to own a bunch of businesses. The CPA part worked out great. The businesses part did not.

One time I had three clients who were on the board of directors of the same NYSE-listed company. Two of them questioned every bill and every hour spent, and their fees were fairly low for people of that caliber. The third person did not seem to care what he paid, and his fees were quite high.

Roughly one in three clients uses multiple accounting firms to meet all of their needs, according to a recent survey by consulting firm L. Harris Partners.

Or, why your firm should move from scorekeeper to coach

Sole proprietors and practitioners mainly generate their revenue during tax season from tax preparation clients, but there are other opportunities for them.

A client decided that to grow her business she needed a top-tier sales manager and recruited someone from a much larger competitor.

All too often in the practice of accounting we are predominately attentive to adhering to the concepts and conventions promulgated by the “accounting gods.”

My father was dying—too young and too soon. He succumbed over a nine-month period to coronary heart disease. Today his life could have been extended, but not in 1976.

Did you know you can expand your accounting firm’s business by narrowing its focus?

U.S. Wealth Management president and CEO John Napolitano discusses how accounting firms should be choosier about the clients they accept, in an interview with Accounting Today editor-in-chief Daniel Hood.

It is very hard to avoid injecting bias in investigatory forensic work, but essential if you want to be successful. I had a great experience to illustrate this.

Doeren Mayhew, one of the top 100 CPA and advisory firms, has spun off its investment banking practice into a new investment bank, Doeren Mayhew Capital Advisors, to accommodate the firm’s growing mergers and acquisitions client base.

Tax rules continuously change, but the specific tax matter here is not what’s important. What is important is the process.

Beyond opening a lemonade stand, many tax preparers who haven’t yet grown their business into a full-service accounting practice are used to seeing their income dry up during the hot summer months.

The Treasury Department and the Internal Revenue Service released two regulations Tuesday, one temporary and one proposed, that revise research tax credit election rules and make it simpler for taxpayers to take advantage of the tax benefit offered by the credit.

Many accounting firms believe that in order to generate as much business as possible, they must be generalists.

From expenses and timesheets to estimates and invoices, it can be overwhelming for clients to condense an entire year of business into one single meeting with their accountant.