It takes a lot of time and money to hire a new employee. It’s more than just paying their salary – it’s the labor and cost of recruiting, training, and onboarding them into the work environment. This is why employee retention is so important for any business. Not only does high turnover cost you more money, […]
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CPA Exam policy on new pronouncements
The AICPA’s Board of Examiners (BOE) recently concluded that the existing Policy on New Pronouncements was no longer aligned with the needs of the CPA Exam. Learn how this conclusion directly impacts the exam.
FASB votes to move forward with final standard on leases
The FASB voted to proceed with an accounting standard that requires companies to include lease obligations on their balance sheets. The next step is a "ballot draft."
One Way to Gain an Edge on National Tax Firms
“I know you’re a tax preparer, but I file [insert special tax situation], do you know how to prepare taxes for someone like me?” This question is bound to happen as a tax preparer. While you know that your tax training (hopefully) covered their specific situation and that you can most likely help them, what […]
Report: 2015 audit considerations released by Center for Audit Quality
The Journal of Accountancy (JOA) has reported that the Center for Audit Quality recently released risk alert Select Auditing Considerations for the 2015 Audit Cycle.
Giving Employees A Voice
We’ve talked about using client surveys to improve upon your processes and service each tax season but what about employee feedback? Good business owners take employee feedback into account when looking to improve, attract new talent, and grow. According to Daniel Hood in Accounting Today, “Many of the firms on our 2015 Best Firms to […]
ASU No. 2015-16 Business Combination Simplification testable on CPA Exam in April 2016
FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments in September.
Is Your Team Ready For Tax Season?
The holiday season is almost upon us, which means tax season is around the corner. Are you prepping employees and staff for the upcoming season? There’s a lot to prepare for – especially if you have a staff! You may think you have plenty of time to prepare, but the holidays go by so quickly […]
Accounting students should make time to join State Society
Here are a few reasons you should seriously consider becoming a student member of your state's society of CPAs. We promise - you have time for it!