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Formula to Build Trust With Clients

ClientssometimesviewCPAssimplyascompliance,tax,audit,orassuranceprofessionals.Buttherearebenefitstohavingclientsseeyouasapartnerandguideinstead.The“trustedadviserrole”inanaccountant’scareerismorecr...

Proposed Bill to Regulate Tax Preparers Has AICPA Support

TheAICPA(AmericanInstituteofCertifiedPublicAccountants)signaledstrongsupportforabillintroducedinCongresslastweekthatwouldauthorizeTreasurytoregulatepaidtaxreturnpreparersandmandateminimumcompetencysta...

NFTs Come with Big Valuation Challenges

Valuationofnonfungibletokens(NFTs)becameahottopicwhendigitalartistBeeplesoldanNFTforalmost$70millionearlierthisyear.Thehighpricecommandedinthatsaleandnumerousothertransactionsledtoadifficultquestionfo...

China Money Podcast: China Deal-flow Reaching $3.2 Billion USD!

Inoneweek,almost100ChineseventurecapitaldealsreachedUS$3.2billion.ChinaMoneyNetworkreleasedarecentpodcastwithChinaMoneyDirectorhighlightingthemajornewsthathadbroughtmuchattentionfromventurecapitaland...

Steps for Company and Management Turnaround to Stay Afloat

2020hascomeandgoneandnowin2021businessesthatarestilloperatingandbatteredarehavingtopickthemselvesupandkeepgoing;however,themarkethaschanged,andmajorcompanyweaknessesmayhavebeenexposedormadeevident,and...

Rich Americans Who Fear Higher Taxes Hurry to Move Money

RichAmericansarerushingtomakelargetransactions,tryingtogetaheadofanymovesbyPresident-electJoeBidenandDemocratsinCongresstoraisetaxesorcloseloopholes.RequestsforpropertyappraisalshavequadrupledatNewYor...

Gifting and Taxes: The Sooner the Better！

Whilefestivitiesmaybesomewhatdampenedthisyearduetothecoronavirus,theholidayseasonseemstofosteraspiritofgiving.Thisyearmightbeagoodtimetoindulgethespirit,accordingtowealthplanners.“It’salwaysagoodi...

Overcoming Obstacles on the Road to Becoming a CPA

InordertobetterunderstandingobstaclesofbecomingaCPA,weinterviewed EwaUlanowska,CPA andshesharedherperspectiveonherCPAjourney. First,she attendedabusinessprogramofferedattheLublinUniversityofTechnology...

What CPAs have learned during COVID-19？

CPAs,likeeveryoneelse,havefacedpersonalandprofessionalchallengesinthisunprecedentedyearastheytrytoweatherwhathasbecomealongandgruelingstorm.WespokewithfiveCPAsacrossthecountryandaskedthemtodescribet...

How CPAs help clients reinvent struggling businesses during COVID-19?

AstheCOVID-19pandemichaschangedthebusinessenvironment,clientshaveturnedtotheirCPAsforhelpkeepingtheirbusinessesafloat.CPAswhoofferclientadvisoryserviceshavebeenwellpositionedtohelpstrugglingclientssta...

Forensic Accounting A Value-Adding Skill for the CPA

Unfortunately,manyaccountants,eventhosewithyearsofexperience,loseinterestinreadingprofessionaljournalsorfurtheringtheirknowledgethroughthestudyofanewspecialtyarea.Thosewhodostayacademicallymotivated,h...

How COVID-19 Is Accelerating Change in CPA Firms

Beforethecoronavirus(COVID-19)pandemic,changewasevolvinginaccountingfirms.CPAfirmswerealreadyseeingamovementawayfromtime-basedbilling,anincreaseinremotework,lesscompliance-focusedaccounting,andmoreadv...

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