News

Financial oversight is a key responsibility of nonprofit boards, but many members lack the understanding of finance or nonprofit accounting to effectively perform this duty. As their trusted advisor, a CPA is perfectly positioned to equip board members for this critical task and ensure that their nonprofit maintains strong governance. Here are six ways to get them there:

Economists warn that a fiscal storm is brewing, with prolonged recession the likely result. Bankruptcy filings seem imminent, and there will be a growing need for CPAs to assist their clients in financial distress. CPAs should be aware of the following key issues and opportunities when their clients face Chapter 11.

According to the U.S. Census Bureau, the 65-and-older population has grown rapidly since 2010, and, according to forecasts, by 2040 the older population in the United States will reach almost 81 million. Subsequently, elder fraud and abuse will increase with the growing demographic. It’s up to all of us to try and stem the tide of exploitation.

If I leave public accounting and let my CPA license lapse, will that compromise my pursuit of future opportunities in accounting?

How is the state applying their Red Tape Reduction efforts to licensure? MTCPA met with leaders to find out!

Work-related stress is at an all-time high, and adults with diagnosed mental health disorders may be having a particularly hard time managing their symptoms and maintaining a well-run firm. Although articles on handling stress and burnout abound, it's crucial to make sure wellness initiatives also include those who battle mental health issues and provide a safe space for them.

After we celebrate our nation's independence we should all check on our professional independence.

An update from your delegation's trip to Austin TX to hear from AICPA on the future of the profession and to provide feedback on plans to address the issues we are facing.

May 11th the State Tax Committee met with DOR staff to discuss the tax season and plans for the future.