Accountants who work in small and midsized practices are using more technology to serve their clients better, as well as attract and retain top talent, but are feeling pressures to lower fees and differentiate themselves from competitors, according to a new survey by the International Federation of Accountants. The 2018 IFAC Global SMP Survey garnered more than… Read More
If you could assign a flavor to the questions on the Uniform CPA Examination, it would undoubtedly be pure vanilla. Tales of adventure, romance, and violence can be found at the bookstore or in the movie theater, but not on the CPA Exam, which is carefully designed to avoid topics that could unnecessarily distract CPA… Read More
The American Institute of CPAs and a number of major firms have created a multi-year technology initiative to create a new and innovative audit process around a planned product dubbed the Dynamic Audit Solution. AICPA teams up with firms to transform audit The goal of the plan is to “develop a transformational auditing methodology supported… Read More
A Russian national was charged by the U.S. for allegedly being one of the masterminds behind a conspiracy to interfere in both the 2016 and 2018 elections, marking the first charges related to next month’s congressional midterm vote. The woman, identified as Elena Alekseevna Khusyaynova of St. Petersburg, Russia, allegedly served as the chief accountant… Read More
The Social Security Administration said Thursday that the cost of living adjustment, or COLA, for 2019 will be 2.8 percent, providing larger Social Security and Supplemental Security Income benefits for more than 67 million people tied to the rate of inflation. The 2.8 percent COLA will start with benefits payable to more than 62… Read More
Patisserie Holdings Plc finance chief Chris Marsh was arrested as U.K. fraud prosecutors opened a probe into an accounting scandal that threatens to shutter the cake baker’s 200-plus stores. The owner of the Patisserie Valerie chain said in a statement Friday that Marsh was arrested overnight and has been released on bail. The U.K.’s Serious… Read More
Accounting. Bookkeeping: The very words conjure up images of dusty ledgers and drudgery. Despite accounting’s boring reputation, however, it can’t be emphasized too much how essential it is that your business follow accounting’s best practices right from the start. In fact, financial mismanagement is an oft-cited reason for business failure: An influential study by CB Insights of 101 failed… Read More
Accounting. Bookkeeping: The very words conjure up images of dusty ledgers and drudgery. Despite accounting’s boring reputation, however, it can’t be emphasized too much how essential it is that your business follow accounting’s best practices right from the start. In fact, financial mismanagement is an oft-cited reason for business failure: An influential study by CB Insights of 101 failed… Read More
Tax departments need to tool up to be ready for the kinds of tax planning that will occur in the coming 12 months, especially with tax reform implications being considered at the highest levels within organizations. That’s the upshot of KPMG’s recent tax outlook study, in which three out of four tax leaders said they are… Read More
So you want to retire early? Good for you. But, even if you have enough total funds to comfortably support yourself, some retirement plan assets may be locked away or awkward to access. But if you need them to support your life style here’s how to unlock them without penalty. By now, almost everyone is… Read More