The Governmental Accounting Standards Board released updated implementation guidance for its leases standard, which is going into effect soon, along with other accounting standards for state and local governments. The updated guidance, posted by GASB last week, provides information in the form of questions and answers on various topics, including
Leadership and management consulting firm ConvergenceCoaching has announced its 2020-21 Spring Transformational Leadership Program graduating class. The annual program hosts high-potential candidates from CPA firms who have completed ConvergenceCoaching’s one-year program that helps “future leaders honestly identify their strengths and areas for improvement…and prepare to take on meaningful roles in
Quicken is an excellent choice to carry out your nominal accounting functions as it offers plenty of features. However, it should not be used over a network or cloud-based shared drives like OneDrive, Google Drive, Dropbox, etc., as it is not designed to function in that environment. Quicken can’t open
If your firm is seeking to grow its client accounting services (CAS) offering, it makes sense to partner with other firms that provide related, relevant service offerings. Partnerships allow you to focus on what you do best while providing a higher level of service to clients and increasing clients’ lifetime
Republican and Democratic senators said Thursday they’re open to considering the first change in the national gasoline tax since 1993 to help fund a bipartisan infrastructure spending package they plan to propose to President Joe Biden. Indexing the gasoline tax — currently 18.4 cents per gallon — to a measure
When you are interviewing a potential new client, allow yourself the chance to shine. You can achieve this by doing more listening than talking. Asking your prospect several directed questions kills two birds with one stone: It allows you to learn about their business and how much work needs to be
Free Book Preview Money-Smart Solopreneur This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success. June 10, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur
Just joining us? What you’ll find back in part one: my answer to a query from Patrick. While I’d characterize him as an easily irritated fellow and a remarkably self-enamored author, I admire someone who churns out best-sellers. Another of Patrick’s less admirable traits: He just has to impress people.
The senior Republican on the House Financial Services Committee said he’s opening an investigation into the firing of the leader of the U.S.’s audit watchdog. In letters sent Tuesday, Rep. Patrick McHenry dismissed the move by the Securities and Exchange Commission as “partisan” and an “unprecedented attempt to politicize” the
CPAs have regularly been told to invest more into advisory services for their clients, but for many firms, this “call to advise” goes in one ear and out the other. Not because firms don’t see the value, but because they don’t see a feasible avenue to do so. Many tax-focused firms are already
