News
First Glimpse of 2025 Projected Salary Ranges For Public Accounting
September 23, 2024
Staffing firm Atrium recently put out its 2025 Salary Guide, which includes projected pay ranges for seven roles in public accounting.
Generational Differences in the Workplace
September 19, 2024
For the first time in history, there are five generations in the workplace. What kinds of challenges does this present for today's employers?
Stress Management 101: Turning Challenges into Opportunities
September 16, 2024
The right kind of stress can help you and your company thrive.
AICPA, NASBA propose a new pathway to CPA licensure
September 12, 2024
The AICPA and the National Association of State Boards of Accountancy (NASBA) are seeking input on a proposed competency-based experience model for CPA licensure.
5 Ways to Ease Burdens to CPA Licensure
September 11, 2024
Ways both firm leaders and non-leaders can help candidates on their CPA licensing journey, and how MTCPA can help.
AICPA and NASBA Seek Input on Proposed Additional Pathway to CPA Licensure
September 11, 2024
In a joint effort to support the next generation of accountants while maintaining accounting’s rigorous public protection mandate, the AICPA and NASBA have proposed an initiative aimed at helping CPA candidates meet initial licensure requirements.
Focus & Flow: The ADHD Accountant’s Survival Guide
September 09, 2024
There’s a growing number of accountants admitting they have ADHD and their struggles with the neurological condition. This Reddit thread asking if there were ADHD accountants has over 140 comments, with people sharing their experiences of living with ADHD in accounting.
Supreme Court life insurance ruling has estate tax implications
September 06, 2024
In a landmark decision earlier this year, the Supreme Court addressed a crucial issue regarding the valuation of shares in closely held corporations for federal estate tax purposes.
5 Guidelines for Contemporary Succession Planning
September 01, 2024
Contemporary succession planning for CPA firms is crucial to ensuring the continuity, stability, transitioning and growth of the firm. Given the evolving nature and current transformation of the public accounting industry, succession planning must adapt to modern challenges and opportunities.
AI and the Accountant’s Role in Shaping the Future
September 01, 2024
AI is not just the latest technological revolution; it is poised to be the most significant, having a larger impact than either the computer or the internet revolutions. To understand this impact, it helps to use a 200-year-old theory by Adam Smith.
Best Practices for Complying with the Corporate Transparency Act
September 01, 2024
Now is the time for businesses to develop a plan for timely filing and to consider the new procedures that come with this responsibility.
From Deal to Ledger: Essential Considerations for the Financial Reporting of Income Taxes in M&A Transactions
September 01, 2024
With merger and acquisition (M&A) activity on the rise in 2024, a trend that practitioners are encountering is the preparation or audit of the associated purchase accounting, which is required under Accounting Standards Codification (ASC) 805, Business Combinations.
Leveraging AI in Forensic Accounting and Litigation Support
September 01, 2024
The arrival of artificial intelligence (AI) is causing a seismic shift in the field of forensic accounting and litigation support. It’s critical for CPAs to understand these changes to stay ahead in this quickly changing field.
Preventing and Detecting Occupational Fraud
September 01, 2024
Occupational fraud represents a significant risk to every organization, regardless of size or industry.
Strategic Expansion: Case Studies in Integrating Financial Planning Services for CPA Firms
September 01, 2024
Financial planners may not fully appreciate the value of a CPA firm’s client relationships if they suggest a simple one-to-one referral partnership.
Unlocking Transformational Leadership in Accounting
September 01, 2024
Today’s business environment is complex and unprecedented. With rapid technological advancements and ongoing people challenges, traditional leadership approaches have proven insufficient. Accounting firms and CFOs face unique challenges and opportunities, necessitating a shift in leadership strategies.
Why Segregation of Duties is Essential for Internal Control
September 01, 2024
The foundation for having optimal performance and reduction of risks is to ensure that there are adequate internal controls. These are processes designed to provide reasonable assurance about the achievement of the company’s objectives with regard to the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with laws and regulations.
Statement on Quality Management Standards No. 1: A Firm’s System of Quality Management
August 27, 2024
Accounting firms that provide audit, review, and compilation services are subject to the standard, and are required to be in compliance by December 15, 2025.
Tech Can Help Accountants Have Hobbies Again
August 26, 2024
Achieving a proper work-life balance is something that we need to constantly work at, but the right technology can bring a little more free time to an accountant's day-to-day life.
Updates to the Financial Data Transparency Act
August 23, 2024
The recent Gov Fin 2024 conference in New York City provided a comprehensive exploration of government financial reporting, focusing on the implications of the Financial Data Transparency Act.