Most firms understand the need to offer advisory services but struggle with getting their staff to believe they have the skills to be confident advisors. Often, partners are the only ones providing advisory services to clients because they honed their problem-solving skills over decades. This is a good start, but
Top 20 Firm Dixon Hughes Goodman raises more than $160,000 to fund scholarships in partnership with the National Association of Black Accountants; the Deloitte Foundation partners with Ohio State University on diversity scholarships; and Cincinnati-based firm Barnes Dennig plans annual Outreach Day for Oct. 22.
The Value Reporting Foundation, formed by last month’s merger of the Sustainability Accounting Standards Board with the International Integrated Reporting Council, is advancing development of environmental, social and governance standards as financial regulators press for improved ESG reporting. The SASB Standards Board held its first public meeting Thursday under the
The complications over beneficiary choices with inherited IRAs tend to focus on non-spousal beneficiaries and the special provisions pertaining to them. As beneficiary after the death of the original owner of the IRA, one important consideration is that you do not make contributions to the account. The funds continue to
Given the severity and frequency of cyberattacks, many Liability insurance policies CPA firms hold are now excluding coverage for common cyber security breaches. This leaves many firms exposed to financial, legal and business continuity risks of which they may or may not be aware. While a cybersecurity liability plan may cover third-party
KPMG has been increasing its efforts to provide environmental, social and governance services to clients through a new initiative called KPMG Impact. The team will help clients improve their ESG performance while also carrying out KPMG’s own ESG commitments. Last year, KPMG U.S. worked with other businesses, investors, standard-setters, non-governmental
Taxpayers may soon benefit from a temporary tax law provision that doubles the usual 50 percent deduction for qualified business expenses for meals to 100 percent of the cost. The fact is, people are back to dining out this summer as the pandemic abates in many parts of the country. However, when
The recent leasing rules from the Financial Accounting Standards Board and the Governmental Accounting Standards Board are turning out to be harder to follow than many organizations expected. Not only do the new leases standards, FASB’s ASC 842 and GASB’s Statement No. 87, require entities to put operating leases on
I am Kate Josephine Johnson. I have a small virtual bookkeeping and business consulting firm called Heritage Business Services. My only involvement in the accounting profession is as an entrepreneur, so that is where I’m coming from. My venture into entrepreneurship came out of necessity, not out of some lifelong
Staff continually are being promoted to partners. There are many qualities that make a partner and many times it is not one big thing but many small things. Here are some qualities of some people that became partners at Withum. Each incident is not an aha moment, but these are
