Today's CPA Letter Daily
4 things your clients don’t know affect their taxes
Dec 12, 2018
This year is coming to an end, and there’s one thing we can all agree on: 2018 was a doozy for tax practitioners. Between tackling a challenging busy season, reading up on the Wayfair ruling and navigating the constant stream of tax reform guidance, there’s been a lot to keep...
3 lessons “It’s a Wonderful Life” can teach you about revenue recognition
Dec 10, 2018
What happens when a small business fails to comply with important regulations? In the classic movie It’s a Wonderful Life, a local building and loan association is in danger of failing its bank audit because of a major—but innocent—mistake by one of its officers. Are your clients in the same...
It’s beginning to look a lot like tax busy season
Dec 5, 2018
Washington, D.C., got its first taste of winter just two days after the AICPA National Tax Conference this year. In some parts of the capital, it was just a dusting of snow. For those just north of the city, it was a blanket. While CPAs bundled up, drank hot cocoa...
A recipe for success: Experiences to keep your clients coming back
Dec 4, 2018
You’re staying at a hotel in a city you’ve never visited before. After you check in and unpack your bags, you realize you’ve forgotten your pajamas and it’s too late to shop. You walk down to the lobby and mention your predicament to the front desk clerk. Sympathetically, she offers...
40 trends that the Auditing Standards Board has outlived
Dec 3, 2018
Everyone gets pretty nostalgic on their fortieth birthday. But what if you are the Auditing Standards Board? How would you celebrate? We decided to take a light-hearted look at the trends that have come and gone over the last four decades. Join us for this ride back in time. Communications....
Americans want employers to show them the benefits
Nov 30, 2018
Today, the perfect job is about more than the money. Americans want employers to show them the benefits. New original research conducted by The Harris Poll for the American Institute of CPAs (AICPA) found that Americans value having a job with benefits more than one with a higher salary. Neal...
Wine, cheese and revenue recognition for everyone
Nov 29, 2018
If you think the Financial Accounting Standards Board’s (FASB) new revenue recognition standard is only applicable to those in the wine and cheese crowd, think again. The standard impacts companies of all sizes, from specialty shops to corporate lenders. You don’t need to be in an industry with specialized revenue...
3 tasks your organization can automate to save time
Nov 28, 2018
By now, you’ve heard how automation can save you from the boredom of copying and pasting all day. But you might still be wondering what processes your organization can automate to save time. Look no further. Here are three areas finance and accounting professionals can look at as automation opportunities....
4 tips to identify audit client risks
Nov 20, 2018
This blog post is the second in a series on risk assessment, a significant audit quality issue. View the first blog post here. Anyone who owns a home has had some experience with lawn care. Maintaining a healthy lawn is easy when you have a lush field of bluegrass, but...
Think sustainability’s unsustainable? Think again.
Nov 15, 2018
As a CPA, you build strong relationships with your small business clients, so you’re not surprised when one of your clients, who is running a startup, asks for a meeting to talk about her goals for the coming year and beyond. She is looking to enable growth by attracting new...
Anthony Pugliese and Lawson Carmichael, chairs of the AICPA’s Future of Learning Task Force, explore the state of education for CPAs, argue the case for change and encourage key leaders to provide input on this topic critical to the future of the profession.More on AICPA TV