News

As more baby boomers retire, more professional CPAs are needed to take over firm leadership nationwide. By 2030, all baby boomers will be over 65. It's been dubbed the Great Retirement and the Silver Tsunami, and it gives up-and-coming CPAs an opportunity for new partners to buy into existing firms. But how?

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.

Mental health is top of mind for everyone. That’s why you shouldn’t shy away from asking potential employers what mental health benefits they have in place for staff.

The Montana Society of CPAs (MTCPA) has named University of Montana College of Business Professor Emeritus Dr. Kent Swift as the winner of the George D. Anderson Distinguished Service Award for 2022.

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!

Diagnosed cases of attention-deficit/hyperactivity disorder rose during the pandemic, and may have an effect on your remote employees’ productivity. Taking an active interest in their success, while offering flexibility, can help.

The last of the baby boomers will reach retirement age in 2030. (When — and whether — they will actually retire is a different question entirely, particularly in the accounting profession, but for now, let’s focus on that cutoff.) That’s eight years away, so it may seem like it’s not worth worrying about, but given that the accelerated rate at which boomers retired over 2020 may well have played a big role in the Great Resignation, it’s worth thinking about the potential implications.

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.

Here’s how to get CPA firm partners destined to hold on until the bitter end to loosen their grip and successfully hand off their firms to the next generation.

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

In a recent 1889 Institute blog, one of my colleagues discussed one suggested cure for occupational licensing: universal recognition. Its shortcomings became obvious with a bit of thought: it only helps some consumers (those close enough to the state border to be worth traveling to) and it only helps them a little bit – allowing out of state practitioners to practice in the state doesn’t boost the supply of practitioners to anything like the same degree eliminating the licensing requirements would. Sure, universal recognition makes a certain kind of sense, if you don’t think too hard about the immorality of requiring government permission to sell your labor. After all, why would a hair stylist trained in Oklahoma be lower quality than a hair stylist trained in Kansas?

Put a good idea in the hands of CPAs, and they’ll find innovative ways to make it even better. That’s exactly what’s happening right now with the new .cpa web domain.

A lot of asset blood, liability sweat and equity tears are shed during every professional’s CPA Exam journey. No journey is the same, but every person is trying to reach the same destination: Pass all four sections of the Exam and become a certified public accountant. There are many methods to the madness, so here are five tips to keep you progressing forward:

Hear about the exposure drafts directly from Nancy Miller, a PEEC member who chairs the task force responsible for the proposed code revisions related to compliance audits. Nancy and Melissa Powell, a manager in the ethics division, talk about the changes, why PEEC believes they’re necessary, and what they’d like to hear from you. Never miss an episode. You can follow Ethically Speaking at Apple Podcasts, Google Podcasts, Spotify, or wherever you stream content. Just search for “Ethically Speaking” and look for our jolly citrus logo

The ‘retirement ideal’ has been changing for years. Older people are increasingly unretiring, changing the shape of this life stage.

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.

Gov. Greg Gianforte’s signature pledge to bring home Montana’s kids and grandkids, now backed by a $700,000 marketing campaign, has run headlong into angst over Montana’s ‘crazy real estate market.’

Some high-risk groups of people, such as frontline workers, those with health conditions, and children may face mental health challenges during the COVID-19 pandemic.

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