The American Institute of CPAs named the recipients of the 2022 Effective Learning Strategies Awards to college and university educators, and also honored four other professors for excellence in teaching, literature and advancing the profession. The winners of the 2022 Bea Sanders/AICPA Teaching Innovation Award for innovative teaching in the
Periods of vast inflation are oftentimes followed by a recession, where consumers spend much less because they dealt with increased prices for too long. A drop in profits can really hurt any business, so how can you prepare your clients for this possible scenario? In my experience as the CEO and
I receive many queries from retirees who have moved money into traditional IRAs, 401(k)s and other tax-deferred retirement accounts. Retirees have to comply with long-standing rules that require them to make annual withdrawals from their accounts once they turn 72. (70 ½ was the required age for 2019 and earlier
On February 15 this year, Sarah Twigg of Twigg Accountancy Services shared with Jo Wood and Zoe Whitman of 6 Figure Bookkeeper that she was now fully booked. Sarah also said she was earning more running her practice than the salary she used to earn as an employee. Her business
Content is a highly effective way to capture and nurture leads. The more relevant content your firm creates, the more trust you build with prospects and clients. Some prospects even hire a firm they follow on social media without soliciting competing bids. Of course, creating all that content takes a
AARP will tell you that more than half of American workers plan to continue working in retirement. Their reasons vary, from the desire for added income to simply staying active. And then there’s the “sense of purpose” work provides. We commit much of our lives to our careers, so it’s
You’ve spent months or even years developing the product or service of your dreams. You’ve brought it to market, hired a team, and found your niche. Sales are strong and life is good. But have you really given the most important thing its due consideration? Shutterstock As a founder or
Time was, finding qualified staff or handling a data security breach were accountants’ biggest concerns. But difficulties in working with a resource-challenged IRS have become a more pressing concern for CPA firms over the past year. In some ways, this should be of little surprise to practitioners and the last
The American Institute of CPAs and the National Association of State Boards of Accountancy are laying the groundwork for a major overhaul of the CPA exam that will see material being rearranged and moving to new sections, while emphasizing more technology skills. The AICPA released an exposure draft earlier this
Just joining us? The first three parts discussed IRS administrative rulings and court cases on whether write-offs for business expenses comply with the “ordinary and necessary” requirements imposed by Code Section 162. More on those kinds of requirements in part four, as well as a fascinating Tax Court case. Tax
