Refocusing my practice: How working with fewer clients led to greater revenues

You can’t have a bunch of B, C, D or even F clients if you want it to be an A+ practice.

Refocusing my practice: How working with fewer clients led to greater revenues


KPMG names new practice leads as part of 'a new chapter'

KPMG appointed new leaders in the U.S. of its audit, tax and advisory businesses as the Big Four firm tries to regain trust after a bruising series of scandals.

KPMG names new practice leads as part of 'a new chapter'


Despite productivity drops, firms commit to remote work in reopening

A new study also found that accountants are, by and large, very pleased with how their firms have responded to the pandemic.

Despite productivity drops, firms commit to remote work in reopening


Accountants predict 2020 will be worst year for economy since World War II

This year is expected to be the worst for the global economy since World War II, according to a new survey by the Association of Chartered Certified Accountants and the Institute of Management Accountants.

Accountants predict 2020 will be worst year for economy since World War II


GASB offers guidance on CARES Act and coronavirus

The Governmental Accounting Standards Board released a technical bulletin with guidance for applying existing GASB standards to transactions related to the CARES Act and outflows incurred in response to the COVID-19 pandemic.

GASB offers guidance on CARES Act and coronavirus


IRS issues rules for net operating losses in consolidated groups

The Internal Revenue Service and the Treasury Department released proposed regulations and temporary regulations to offer guidance for consolidated groups on net operating losses in the wake of changes under both the Tax Cuts and Jobs Act of 2017 and the CARES Act.

IRS issues rules for net operating losses in consolidated groups


ESG disclosures by companies fall short, according to GAO

Disclosures of nonfinancial information, such as environmental, social and governance issues, aren’t always “clear or useful,” according to a report by the Government Accountability Office.

ESG disclosures by companies fall short, according to GAO


Trump administration discloses $521.5B in coronavirus aid through PPP

The Trump administration released details of almost 4.9 million loans to businesses – from sole proprietors to restaurant and hotel chains – under the federal government’s largest coronavirus relief program so far, the $669 billion Paycheck Protection Program.

Trump administration discloses 1.5B in coronavirus aid through PPP


NYSSCPA announces inaugural “40 Under 40” honorees

The New York State Society of CPAs highlighted local up-and-coming accounting professionals who have excelled in leadership both inside and outside of the profession.

NYSSCPA announces inaugural “40 Under 40” honorees


Art of Accounting: Training staff remotely

With the switch to remote work, new training methods are needed. Here are some things you can try.

Art of Accounting: Training staff remotely