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Almost one-third (31%) of new graduate hires in public accounting in 2018 were nonaccounting graduates, an AICPA survey shows. While enrollments and graduates are down, the 208,000 students projected to be enrolled in undergraduate accounting programs in 2017 to 2018 marked the second-highest total ever, and the 76,542 projected total of bachelor's and master's degrees earned remained above prerecession levels. Continue Reading
Relationships with the right professionals help CPAs provide the best possible service to their clients. Continue Reading
The Financial Accounting Standards Board has addressed one of the most challenging areas of financial reporting with a proposal intended to distinguish liabilities from equity. Continue Reading
The Financial Accounting Standards Board has addressed one of the most challenging areas of financial reporting with a proposal intended to distinguish liabilities from equity. Continue Reading
IRS Commissioner Charles Rettig said he’s considering creation of a new division in the agency focused on the needs of the tax practitioner community. Continue Reading
America’s cannabis industry continues to grow: The U.S. legal cannabis market was worth an estimated $10.4 billion in 2018 and is projected to grow to about $26 billion by 2025. This projected growth has more and more CPA firms weighing the business opportunities and risks related to expanding their practice into this emerging industry. Continue Reading
As conventional wisdom about the accounting profession faces challenges, CPAs need to find forward-thinking ways to provide more value without taking excessive risks. Continue Reading
Four firm owners offer advice about skills you should develop to run a successful practice. Continue Reading
This article examines seven avoidable mistakes regarding saving for retirement. These include failing to take advantage of employer matches and expecting too much from Social Security. Continue Reading
Millennials are influencing marketing trends, technological advancement, politics, travel and food. And they are affecting your tax firm — even if you don't realize it yet. Continue Reading