Insight from experts on current issues for CPA firms, partners, and managing partners.
Source: The Marc Rosenberg Blog In this blog entry, Marc Rosenberg lists 12 traits better firms commonly identify as the “right stuff” to become a partner. Here are some excerpts, reproduced with permission: Build great relationships with clients. So…
After several years of Affordable Care Act (ACA) penalty inertia, the IRS has begun issuing employer mandate penalties. Employers that were noncompliant for the 2015 Form 1095/1094 reporting year recently received Letter 226-J penalty notices. This…
In this blog entry, Marc Rosenberg discusses Barry Melancon’s “stunning” presentation to Rosenberg’s Chicago roundtable. Melancon, CEO of the AICPA, discussed the state of the CPA profession. Here are some excerpts from the blog entry, reproduced…
Today, many managers and human resource professionals question the value of the annual performance review. No one likes the process, which leads to procrastination, which signals employees that reviews aren’t very important. Plus, in today’s digital…
Facing disruptive technologies such as artificial intelligence and blockchain, finance and accounting professionals are justifiably concerned about what these new technologies mean for their professional livelihoods. This article by Daniel Hood takes…
Finance and accounting departments are no longer number crunchers. Today, they offer key insights to business leaders to help them make smarter decisions. In this article, Don Mal, CEO and co-founder of Vena Solutions lists five ways CFOs and finance…
On Tuesday January 16 I will be presenting a Webinar with the same title as this article. The Webinar will present what we believe is a ground-breaking program to move your firm on a path towards continual improvement. Adamson Advisory and CPA…
When a company fails to remit payroll taxes, the IRS may impose personal liability on certain “responsible persons,” including certain shareholders, partners, officers, and employees. Under Internal Revenue Code Sec. 6672(a), the so-called “trust…
*This is a review of a previously published article. See link to the original article at the end of this review. A study in Harvard Business School Working Knowledge reports that overloaded employees may perform ineffectively in the long run even…
In September, I presented a webinar on this topic as part of the CPA Leadership Institute Webinar program. Here is a summary of that presentation. Partners are often happy with their compensation until they compare it to what other partners are…
*The following is a recap of some significant ideas from an article published in CPA Trendlines. You can read the entire article by clicking on the link below. Measure Results Marketing requires measurement of the results. If you can’t measure and…
*The following includes excerpts, reproduced with permission, from an article by Accountants Advisory Group . See link to the original article at the end of this review. Following are some predictions and trends that you may wish to consider in your…
When interpreting the tax code and regulations, the IRS often elevates form over substance. And nowhere is this more true — or dangerous — than in the substantiation requirements for charitable deductions. As one taxpayer recently learned the hard…
On October 20, 2017, the IRS issued its 2017-2018 Priority Guidance Plan (PGP), often referred to as the IRS “Business Plan.” The PGP outlines guidance projects the IRS and Treasury Department hope to complete during the period July 1, 2017, through…
Succession planning has been and continues to be a significant issue for CPA firms, particularly as baby boomers retire at an accelerating rate. Yet recent surveys show that more than half of multi-owner firms lack a written succession plan. Here are…
