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Journal of Accountancy Podcast
Journal of Accountancy
The AICPA presents the Journal of Accountancy podcast. Where we talk about the key issues facing the accounting profession.
4 days ago
Black CPA pioneers, PPP’s narrowed focus, and a FASB alternative
Do you know the name John Wesley Cromwell Jr.? Do you know the specific businesses targeted recently for Paycheck Protection Program loan applications? This express version of the JofA podcast gives you more on those topics, along with details on an accounting alternative related to goodwill impairment that FASB is expected to issue soon. Cromwell became a CPA 100 years ago, and his story as the first Black CPA is part of a year-long effort to honor, celebrate, and build upon the progress Black CPAs have made in shaping the accounting profession. You’ll also hear the voice of Lester McKeever, CPA, another pioneering Black accountant. Also, catch up on what a White House statement means in the short term for PPP loan applications. And hear from Mike Cheng, CPA, a member of the AICPA Private Companies Practice Section Technical Issues Committee, on the significance of a recent FASB accounting alternative.
Feb 18, 2021
CPA news to know: Why mobile workforce tax legislation matters
Earlier in February, numerous amendments to the 2021 fiscal year budget resolution were voted on by the Senate. One of those nonbinding amendments, which passed unanimously by a voice vote, could lead to a lessening of an administrative burden for many employers and employees. The amendment related to mobile workforce legislation, introduced by Sen. John Thune, R-S.D., and supported by Sen. Sherrod Brown, D-Ohio, would extend the de minimis threshold to work in a state as a nonresident before owing state income taxes or being subject to withholding. It also would provide that during the pandemic, employers could withhold as they did prior to the pandemic or provide flexibility for employers to track where remote work is performed. It also would provide that employers would not have a nexus or apportionment impact by having a remote worker in a nonresident state during the pandemic. The AICPA has long supported and continues to support mobile workforce legislative proposals. The AICPA submitted comments in support of the bill on numerous occasions and issued a Feb. 8 press release on the passage of the Senate budget resolution amendment on mobile workforce legislation. For more on the development of mobile workforce legislation, see Yesnowitz, Sherr, and Bell-Jacobs, “AICPA Focuses Advocacy Efforts on Mobile Workforce Legislation,” in The Tax Adviser. What you’ll learn from this episode: * Background on the AICPA’s interest in mobile workforce tax legislation from Eileen Sherr, CPA, CGMA, director of the AICPA Tax Policy & Advocacy team. * Why the legislation could be significant. * FASB’s recent response to a pandemic-related accounting concern. * Several highlights from the JofA’s February print issue, including more on tax penalty relief and Excel’s Ideas feature.
Feb 11, 2021
Pursuing quality in relationships — and audits
A recent survey showed that a majority of couples have experienced relationship stress because of finances. So, how can couples openly communicate about money? Mike Landsberg, CPA/PFS, shares a few reminders. Also, Sara Lord, CPA, a member of the AICPA Auditing Standards Board (ASB), expands on the board’s recent exposure draft related to quality management. The comment period on the ED runs through June 11, and comments can be sent to CommentLetters@aicpa-cima.com.
Feb 4, 2021
Identity theft tips and PPP-related employee retention credit changes
The onset of COVID-19 meant that more people became online shoppers out of necessity. Ordering groceries by phone or computer also means more of us are putting potentially sensitive information online. Robert Westley, CPA/PFS, shares advice to avoid becoming a victim of identity theft, expanding on the tips in a recent Journal of Accountancy article. Alistair Nevius, J.D., the JofA’s editor-in-chief, tax, explains more on recent legislative changes to the employee retention credit. Also, the AICPA Auditing Standards Board has issued proposed standards designed to change the way firms manage quality in their accounting and auditing practices.
Jan 29, 2021
CPA news to know: PPP vigilance and the start of tax season
Paycheck Protection Program (PPP) loans and the start of tax season are two topics squarely on the minds of CPAs these days. This episode analyzes the Jan. 25 update by the U.S. Small Business Administration (SBA) about processing second-draw loan applications and looks at what recent IRS announcements mean for tax season. Kari Hipsak, CPA, CGMA, a senior manager at the Association of International Certified Professional Accountants, and Alistair Nevius, J.D., the JofA’s editor-in-chief, tax, are the guests for this quick look at recent news that affects the accounting profession. What you’ll learn from this episode: * Why PPP loan applicants should be patient and vigilant. * The practical applications of the SBA’s recent update. * A preview of the JofA’s February print issue. * What the announced date that the IRS begins accepting tax returns means for practitioners and filers. * Effects of the Consolidated Appropriations Act, 2021 (CAA), P.L. 116-260, on tax season.
Jan 28, 2021
PPP loan forgiveness and taxes: Part 2
Earlier, Eileen Sherr, CPA, CGMA, MT, a director of the AICPA’s Tax Policy & Advocacy team, discussed prospects for reversing by legislation the IRS’s position regarding deductibility of business expenses paid with loan proceeds from the Paycheck Protection Program (PPP) that are ultimately forgiven. Now, that legislation has been enacted, by the Consolidated Appropriations Act, 2021 (CAA), P.L. 116-260. Sherr returns to outline that and other changes. Plus, we look ahead to possible developments during 2021 in tax legislation and pandemic relief. What you’ll learn from this episode: * What the CAA resolved regarding deductibility of business expenses paid by loan proceeds from the PPP, along with other AICPA advocacy priorities — and what remains unresolved. * Possible emphases for tax legislation going forward from the Biden administration and the new Congress. * Ongoing pandemic-related tax relief measures and advocacy at the federal and state levels.
Jan 15, 2021
The latest advice on PPP loans
Accountants played a crucial role in helping millions of organizations, most of them small businesses, receive $525 billion in Paycheck Protection Program loans last year. Now, the PPP is back and businesses will again be looking to CPAs for advice and assistance in accessing the program, which provides forgivable loans that borrowers can use for payroll and other essential expenses as the COVID-19 pandemic continues to roil the economy. What do CPAs need to know about the new PPP? How is it different from the program that ran for five months before its loan application window closed in August? And what should accountants be doing to help businesses access the $284 billion available in the PPP’s second iteration? Those topics and more are addressed by Erik Asgeirsson, president and CEO of the AICPA’s business subsidiary CPA.com, and Lisa Simpson, CPA, CGMA, the AICPA’s vice president–Firm Services. What you’ll learn from this episode: * When lenders can start submitting PPP loan applications to the U.S. Small Business Administration. * Details about the new PPP second-draw loans. * Why many banks won’t be submitting PPP applications at the beginning of the application period. * What the AICPA has been doing to support the accounting profession with the PPP over the past nine months. * Why it is important for PPP borrowers to have two paths they can take in pursuing a second-draw PPP loan. * More information about the CPA Business Funding Portal (see link in resources below). * What CPAs can do to help businesses prepare for increased SBA scrutiny of PPP loans. * The importance of helping businesses know their E-Tran number from their first PPP loan. * Why firms will play a more important role in the second round of the PPP. * The importance of keeping the intent of the PPP in mind when choosing the accounting method for calculating the decline in gross receipts to determine whether a business qualifies for a second-draw loan. * Whether a business seeking second-draw PPP loans must spend all its first-draw PPP loan before the second-draw funds are disbursed. * That some banks may require PPP borrowers to file for forgiveness on their first loan before processing a second-draw application.
Jan 13, 2021
Why investing in employees matters more than ever
In late 2020, Robert Half’s Paul McDonald delved into the hiring outlook for 2021. The second part of that conversation addresses the ways organizations can keep those already on staff during COVID-19. McDonald, Robert Half’s senior executive director, says the businesses that already had strong culture in place were better equipped to adapt to COVID-19. He offers advice for managers, details on their retention concerns, and insight into what employees are looking for beyond flexible work arrangements. What you’ll learn from this episode: * The reasons nearly 90% of senior managers are worried about losing talent. * The steps companies and managers can take to show that they value employees. * Why McDonald says company culture is more like an ocean liner than a speedboat. * The types of nonfinancial benefits workers are seeking in the absence of raises. * The steps employees can take to make themselves more marketable. * McDonald’s thoughts on what office work might look like in 2022.
Dec 16, 2020
Help clients make the most of 2020 charitable giving
As the year draws to a close, many clients are pursuing charitable giving. Mike Landsberg, CPA/PFS, partner at Homrich Berg in Atlanta, discusses what he’s seeing in terms of charitable giving this year, how the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, has affected giving, and how clients can use giving to save on taxes while contributing to causes that matter to them. What you’ll learn in this episode: * Why 2020 is a good year to give to charity. (1:43) * How the CARES Act has affected charitable giving. (2:47) * Giving strategies clients can use to save on their taxes (5:03), even if they’re not high-net-worth. (8:25) * How to start talking about charitable giving with your clients. (8:59) * One way to help clients specifically interested in COVID-19 relief. (11:11)
Dec 11, 2020
PPP loan forgiveness and taxes
Eileen Sherr, CPA, CGMA, MT, director of the AICPA’s Tax Policy & Advocacy team in Washington, D.C., discusses recent IRS guidance regarding the tax treatment of loans under the U.S. Small Business Administration’s Paycheck Protection Program (PPP). This guidance holds that the amount of a PPP loan that is forgiven under the SBA’s procedures is not included in the loan recipient taxpayer’s gross income, but any expenses used to qualify for the forgiveness cannot be deducted on the taxpayer’s income tax return as an ordinary and necessary business expense. We also look ahead to what the change in presidential administration in 2021 might spell for a broad range of taxpayers. What you’ll learn from this episode: * How PPP loan forgiveness is excluded from taxpayers’ gross income for income tax purposes, but the IRS regards related business expenses as nondeductible. * The progress of efforts by members of Congress to clarify in new legislation that the PPP forgiveness-related expenses are intended to be deductible as ordinary and necessary expenses of loan recipients. * What form advocacy on this issue by the AICPA and its members is taking. * How and when tax law changes proposed by the Joe Biden–Kamala Harris presidential campaign might be reflected in a proposed budget by the Biden administration.
Nov 30, 2020
The 2021 hiring outlook, salary negotiation advice, and more
The COVID-19 pandemic has caused unprecedented hiring freezes, job losses, or furloughs in 2020. While the outlook on hiring remains somewhat unsteady, there are reasons for optimism, according to Paul McDonald, the senior executive director at staffing firm Robert Half. In this episode, McDonald discusses the roles and certifications that are in demand, how remote work’s rapid rise has affected organizations’ approach to recruiting and hiring, and why the broad unemployment rate is not one that McDonald pays attention to the most. McDonald is the guest on the Journal of Accountancy podcast for the first of a two-part conversation. The second part, focusing on company culture and retention concerns, will be posted in early 2021. What you’ll learn from this episode: * The types of jobs that continue to be in high demand in the United States. * How organizations are rethinking geographic obstacles to hiring. * Why McDonald says that a preliminary discussion about salary is…
Nov 12, 2020
The value of gamifying CPE learning
Kelly Richmond Pope, CPA, CGMA, Ph.D., is an accountant and a professor. She’s also a storyteller and TEDx speaker. Keeping people engaged is a better way to educate, said Pope, an associate professor at DePaul University’s School of Accountancy and MIS in Chicago. In this episode, Pope discusses another way to keep learners engaged: gamification. Turning learning into a game helps with the recall and understanding of new concepts, whether in a college classroom or continuing professional education for accountants. What you’ll learn from this episode: * Examples of gamification that are already part of our daily lives. * How learning to drive a stick-shift car applies to gamification. * Why gamification is not just for younger generations. * How COVID-19 has disrupted traditional CPE and how virtual meetings could be better for learning in some cases. * How a speaker’s style can help maximize learning through PowerPoint slide presentations. * The ways organization…
Oct 26, 2020
How CPA parents cope during the pandemic
Several months into the pandemic, we take a look at how some CPA parents are faring. They talk about the struggles they’ve faced, how they balance parenting and working from home, what they do to recharge, and the unexpected joys they’ve experienced while spending more time with their families. Our guests for this episode are Lindsay Stevenson, CPA, CGMA, and Chris Hervochon, CPA. Stevenson is vice president of finance at 1st Financial Bank in North Sioux City, S.D., founder and CEO of Origin Evolution LLC, and mom to three sons: a 19-year-old college student, a 17-year-old high school student, and a 7-year-old second-grader. Hervochon is the owner of Chris Hervochon CPA, located in Hilton Head Island, S.C., and dad to a 7-year-old boy and 4-year-old twins.
Oct 14, 2020
COVID-19 lessons for not-for-profits
In an economic downturn such as the one that resulted from the coronavirus pandemic, not-for-profit organizations can feel pinched in two ways. People who have lost jobs or fear losing them may be less likely to donate to the NFPs at a time the services offered by the organizations are needed most. Strategies and models must be changed to find new opportunities and deal with the challenges presented on multiple fronts. Amy West, CPA, CGMA, the CFO of AHRC in New York City, shares advice on how to adapt and find new paths during tough times. West also is a member of the AICPA Not-for-Profit Advisory Council.
Oct 12, 2020
How 2020 has changed corporate board work
Corporate board work may have changed forever as a result of COVID-19. The lessons corporate directors take away from the pandemic will be critical to company survival and success beyond 2020. Paula Loop, CPA, the leader of PwC’s Governance Insights Center, explains in this podcast episode how boards have been changed and what they’re thinking about as they navigate the pandemic’s effect on business. What you’ll learn from this podcast episode: - Why Loop says now is the time to learn lessons and be better prepared for the next crisis. - Why there seems to be a disconnect between board members and corporate crisis management plans. - The lessons boards have learned about digital transformation, customer habits, and corporate real estate needs. - The board topics on which male and female directors differ.
Sep 21, 2020
Cannabis and CPAs: The business opportunities and risks
Cannabis for medicinal or recreational use is a fast-growing business, and the advisory opportunities for accountants in the industry are also growing. Along with those opportunities are emerging issues on the regulatory and risk fronts. Ron Seigneur, CPA/ABV, the managing partner of Colorado firm Seigneur Gustafson LLP, shares more on the topic, including what to look for in proposed federal legislation. What you’ll learn from this episode: - An explanation of the difference between cannabis, hemp, and marijuana. - More on the cannabis-specific guidance for accountants offered by the AICPA and the National Association of State Boards of Accountancy. - The professional risks to consider before adding clients from cannabis-related industries. - The COVID-19 pandemic’s effect on cannabis businesses. - Why legalization in some states does not mean those states become cannabis epicenters. - How legislation could change the landscape for cannabis businesses.
Sep 11, 2020
Implementing the payroll tax deferral, part 2
This podcast episode follows up one posted on Aug. 20 about President Donald Trump’s memorandum directing Treasury to defer the withholding, deposit, and payment of workers’ 6.2% Social Security or Railroad Retirement tax for the last four months of 2020. Since then, Treasury and the IRS have issued much-anticipated guidance on just how the deferral applies and how the taxes are likely to have to be repaid. Ed Karl, the AICPA’s vice president–Tax Policy & Advocacy, described the memorandum in the first podcast episode. Now he returns to describe what the guidance in Notice 2020-65 provides — and what it still leaves unclear. He has also written a post on the AICPA Insights blog titled “Employee Payroll Tax Deferral — Is It Workable?” that outlines what CPA advisers can tell their business clients with employees about the deferral. What you’ll learn from this episode: -The notice puts the responsibility for deferring — and repaying — the taxes squarely on employers…
Sep 8, 2020
Insight on hiring, top challenges, and more from U.S. finance execs
Finance executives in the United States are more confident about their own businesses than about the overall economy. Why is that? And what is the hiring outlook for companies for the next 12 months? Ken Witt, CPA, CGMA, a senior manager for management accounting and member engagement at the AICPA, provides further detail and analysis on the quarterly Business and Industry Economic Outlook Survey, the last before the Nov. 3 presidential election. What you’ll learn from this episode: - How finance leaders view the domestic economy and their own businesses. - Why election season brought about a change to the list of top challenges this quarter. - The component in the CPA Outlook Index that ranks higher than others by a wide margin. - The business sectors showing improvement and the ones that continue to struggle. - How the pandemic may be changing the real estate needs of businesses.
Aug 24, 2020
Teleworking and state and local taxes
This episode explores the huge implications for state and local taxes raised by workers more often untethered from the employer’s physical location, sometimes in another state. And now, during the COVID-19 pandemic, remote teleworking has become the rule for many professions. Eileen Sherr, CPA, MT, and Mo Bell-Jacobs, J.D., bring us up to speed. Sherr is a senior manager with the AICPA’s Tax Advocacy team in charge of the AICPA State and Local Tax Technical Resource Panel, or SALT TRP, and Bell-Jacobs is a senior manager at RSM National Tax in Washington and a member of the SALT TRP.
Aug 20, 2020
Implementing the payroll tax deferral
In this podcast, we touch base with Ed Karl, the AICPA’s vice president–Tax Policy & Advocacy, to discuss questions the AICPA Tax Executive Committee has raised in official comments to Treasury and the IRS concerning President Donald Trump’s Aug. 8 memorandum ordering Treasury to defer the withholding, deposit, and payment of payroll taxes imposed by Sec. 3101(a) — better known as the employee portion of Social Security tax, currently 6.2% of covered wages and compensation — and a comparable rate of tax under Sec. 3201 — that’s the Railroad Retirement tax — for Sept. 1, 2020, through the end of the year. We’ll explore the range of issues that Treasury and the IRS face as they implement this order and what it all could mean for employers and employees.
Aug 13, 2020
6 new business realities in the pandemic era
The changes brought about and accelerated by the COVID-19 pandemic are numerous. Our day-to-day lives have been altered, forcing rapid adaptation. A new report from the Association of International Certified Professional Accountants and EY Seren, explores the patterns of behavior emerging from this uncertain time. The report, Human Signals, also offers actions for accountants to take. This podcast, the second of two parts, takes an in-depth look at what the report’s findings mean for leaders and organizations. In part one, Association CEO and AICPA President and CEO Barry Melancon, CPA, CGMA, shared more about this transformational time. Then Joel Bailey, a director at EY Seren and a report author, delved into the research behind the report. In this second part, executive coach and consultant Gretchen Pisano offers practical applications from the report and discusses how its findings dovetail with what she’s hearing from leaders. Pisano is the CEO and co-founder of pLink Leadership…
Aug 13, 2020
7 human behavior insights you need to know
The changes brought about and accelerated by the COVID-19 pandemic are numerous. Our day-to-day lives have been altered, forcing individuals and organizations to adapt quickly. A new report from the Association of International Certified Professional Accountants and EY Seren explores the patterns of behavior emerging. The report, Human Signals, also offers advice for accountants in an era of uncertainty. This podcast is the first of two parts that take a closer look at the report’s findings and action items. In this episode, Association CEO and AICPA President and CEO Barry Melancon, CPA, CGMA, shares more about this transformational time. Then Joel Bailey, a director at EY Seren and a report author, delves into the research behind the report. In the second part, executive coach and consultant Gretchen Pisano offers practical applications from the report and discusses how its findings dovetail with what she’s hearing from leaders.
Aug 3, 2020
What you probably didn’t know about racism in the workplace
The culture of a workplace, be that in a company or an accounting firm, determines how employees and customers are treated, says Stephanie Creary, an identity and diversity scholar and professor of management at the Wharton School of the University of Pennsylvania. To assess how racism is a factor requires open, frank conversations and leaders willing to listen and learn what they probably didn’t know. What you’ll learn from this episode: - Starting conversations about racism with Black Lives Matter and police violence may not be the most effective thing to do. - An expert or coach can facilitate conversations about racism, help people work with their emotions, and create learning environments. - It’s necessary to customize diversity and inclusion training based on the roles and positions people hold in the organization. - Programs that succeed in recruiting and mentoring Black employees involve everybody in the organization.
Jul 20, 2020
Pandemic-related legal risks that you can’t afford to ignore
These days, it’s tough to know the best next steps for organizations that are reopening to customers or employees — or considering doing so. Lee Terry, who practices corporate and securities law for the Denver firm Davis Graham & Stubbs, has advised organizations and CFOs for years on crisis management. Terry offers insight into the legal concerns that organizations are facing and this advice on future business planning: “You cannot rely on the same kinds of estimates and expectations that you have in the past.”
Jul 14, 2020
How the new audit evidence standard can improve audit quality
The new principles-based standard on audit evidence, issued last week by the AICPA Auditing Standards Board, addresses issues such as emerging technology, professional skepticism, and expanding sources of information. Jay Brodish, CPA, a partner at PwC, and Bob Dohrer, CPA, CGMA, the chief auditor of the AICPA, discuss the standard in detail, explaining how it can be applied to today’s evolving business climate.
Jul 1, 2020
A tax marathon check-in
We check back in with two AICPA leaders: Ed Karl, the AICPA’s vice president–Tax Policy & Advocacy, and Chris Hesse, a tax principal in the National Tax Office of CliftonLarsonAllen in Kennewick, Wash., who also chairs the AICPA Tax Executive Committee. They’ll update us on how the 2020 marathon of a tax return filing season is going, whether the coronavirus-related return due date delay until July 15 is long enough, and what other relief taxpayers and their CPAs need.
Jun 29, 2020
Working from home: What does the future hold?
The work-from-anywhere revolution received a jolt in March, when office workers were sent home because of concerns about the spread of COVID-19. More companies were embracing flexible work practices before the pandemic, but now that movement has been accelerated. Tom Hood, CPA/CITP, CGMA, the CEO of the Maryland Association of CPAs and the Business Learning Institute, shares insight into the future of remote work, why a company’s approach to flexible work can define its culture, and more.
Jun 15, 2020
Recognizing and rooting out racism: Advice for leaders
Laura Morgan Roberts, Ph.D., a professor at the University of Virginia’s Darden School of Business, is an editor of the recent book 'Race, Work, and Leadership: New Perspectives on the Black Experience'. She has studied race in the workplace extensively. With attention on racial disparities sparked by killings and then protests, the time is right for organizations to hear her message. Morgan Roberts shares insight on why some organizations and leaders resort to silence instead of speaking about racism, why it’s easier to talk about diversity and inclusion than about race, the qualities of an effective public statement, and what follow-through after the statement looks like.
May 22, 2020
The technology — and human — lessons of COVID-19
Our ninth annual technology roundtable podcast was initially recorded in early March, just before the coronavirus pandemic started wreaking havoc on American lives and the economy. With the world at a dramatically different place than when we first recorded, the roundtable participants agreed to hold another call May 6 to discuss the impacts of COVID-19 on accounting, accounting technology, and accountants themselves. Participating in the episode are two of the top technology experts in the accounting space: Donny Shimamoto, CPA/CITP, CGMA, founder and managing director of IntrapriseTechKnowlogies LLC, and Amanda Wilkie, a consultant with Boomer Consulting. They are joined by small firm owner Nikki Winston, CPA, who leverages technology to provide accounting services and CPA Exam coaching through her firm, The Winston CPA Group.
May 18, 2020
The hard trends that matter more than ever now
A hard trend can be defined as a predictable, future fact. While it’s tough to predict the price of oil or the direction of the stock market daily or weekly, finance professionals can focus on hard trends to have a better understanding of where business is heading. Tom Hood, CPA/CITP, CGMA, the CEO of the Maryland Association of CPAs and the Business Learning Institute, shares insight into three hard trends and why they matter for accountants now.
May 6, 2020
State and local taxes during the pandemic
Eileen Sherr, CPA, CGMA, a senior manager in the AICPA’s Tax Policy and Advocacy team in Washington, D.C., describes her work with volunteer members of the AICPA’s Technical Resource Panel for State and Local Taxation and with state CPA societies as they advocate with state tax authorities for coronavirus-related taxpayer relief at the state and local level, and resources for keeping track of each jurisdiction’s response. What you’ll learn from this episode: - In what ways state tax filing and payment relief measures do and don’t correspond to those of the federal government. - What further provisions the AICPA has recommended for state and local tax administrative and filing and payment relief during the pandemic. - Links to AICPA resources for learning more about state and local tax relief provisions and guidance related to COVID-19.
Apr 30, 2020
How family businesses can stay resilient during the COVID-19 crisis
Jonathan Flack, CPA, the U.S. family business services leader at PwC, discusses the struggles family businesses are facing during the current economic crisis, as well as the unique strengths that can help them weather hard times such as these. He also shares advice for clients who are family business leaders, especially around communicating with staff and stakeholders. What you’ll learn in this episode: - How family businesses are faring during the current economic crisis. - How these businesses can improve liquidity during the economic downturn. - Advice for family business leaders having hard discussions with stakeholders. - The strengths of family businesses that can help them endure in this crisis. - What role continuity planning can play in crises of this nature.
Apr 29, 2020
How CPAs can help small businesses survive the pandemic
CPAs are playing a vital role in helping smaller businesses cope with the COVID-19 pandemic. Julie Killian, CPA, a shareholder at Clayton & McKervey in Michigan, discusses how her firm’s clients are responding to the crisis. She also shares steps smaller businesses can take to improve their financial standing and increase their chances of staying afloat. What you’ll learn in this episode: - The relatively simple tool that’s an essential first step for businesses struggling to get a handle on their situation. - What businesses should do first if they find themselves short on cash. - Why demand for the Paycheck Protection Program (PPP) is so high. - How businesses can determine whether they’re eligible for the PPP, Economic Injury Disaster Loans, or both. - What clients should know about applying for government stimulus programs.
Apr 27, 2020
Quick relief with the CARES Act
Chris Hesse, CPA, the AICPA Tax Executive Committee chair, analyzes how the CARES Act’s provisions allowing carryback of net operating losses for 2018 through 2020 interact with other new provisions.
Apr 21, 2020
What to know before offering client accounting services
Mary May, principal, and Stephanie Howard, client accounting services manager, at tonneson + co in Wakefield, Mass., discuss how client accounting services can benefit both firms and clients, and share their best advice for firms that are looking to add or expand their offerings in this area.
Apr 13, 2020
Why companies must seriously consider board refreshment
Boards that fall in lockstep with management decisions are neglecting one of their critical roles: being strong monitors of a company. Refreshment policies that include term or age limits are just one strategy that organizations can employ to keep their boards strong and independent. Corporate governance expert Charles Elson shares insights on board best practices.
Apr 9, 2020
Application advice for SBA loans
Questions about the U.S. Small Business Administration’s Paycheck Protection Program (PPP) loans aimed at helping small businesses hurt by the coronavirus pandemic are numerous. Glen Frost, CPA, J.D., and Matthew Kraeuter, J.D., partners in the firm Frost and Associates LLC, share information on eligibility, the amount of money available, interest rates, and more.
Apr 7, 2020
Pandemic-specific guidance for auditors and preparers
The consequences of the coronavirus on financial statement preparation and auditing are complex. Preparers and practitioners have not faced a disruptive event of this magnitude, so questions abound as new obstacles and scenarios present themselves. Two CPAs share guidance for preparers and practitioners.
Apr 6, 2020
How CPAs can fight fraud in the COVID-19 pandemic
Coronavirus is an opportunity for fraudsters to take advantage of fear and confusion. Elizabeth Woodward, CPA/CFF, and Howard Silverstone, CPA/CFF, discuss how accountants can identify and prevent coronavirus-related fraud.
Mar 31, 2020
You’re suddenly WFH: An example of how to adapt
As a local government employee, Carrie Kruse, CPA, CGMA, had almost no work-from-home experience before a few weeks ago. But Kruse, an economic development coordinator with the city of Des Moines, Iowa, has adapted well to the sudden change brought about by coronavirus concerns. She shares insights on staying efficient, knowing when to unplug, and why she won’t wear sweatpants while working at the dining-room table.
Mar 28, 2020
Relieving the April 15 'pressure point'
As part of the government’s response to the coronavirus’s spread and economic fallout, the IRS postponed the deadline for income tax return filings and payments that would have been due on April 15, 2020, for 90 days, to July 15. In this episode, Ed Karl, CPA, the AICPA’s vice president–Tax Policy & Advocacy, outlines how the delay came about — and what it means for CPA tax practitioners and their clients.
Mar 13, 2020
Tech tips for firms responding to coronavirus
Busy season has taken on a new meaning because of coronavirus concerns, which have forced firms and other organizations to quickly set up alternate work environments. Les Nettleton, director of information technology at New Orleans firm Bourgeois Bennett, has firsthand experience in crisis planning, having gone through Hurricane Katrina in 2005. He shares advice for organizations assessing the feasibility of longer-term remote work in response to the coronavirus.
Mar 9, 2020
Getting states on board: A model for partnership tax audits
The rules have changed for IRS examinations and adjustments of partnership returns at the federal level, but are the states following suit? We’ll find out how model legislation issued by the Multistate Tax Commission, developed in collaboration with the AICPA and other stakeholders, is being adopted across the United States.
Mar 2, 2020
Help your staff make it through busy season
Busy season is often the most stressful time of the year for CPAs in public accounting. Eustis Corrigan, CPA, senior managing director at CBIZ MHM in Memphis, Tennessee, a veteran of more than 30 tax seasons, shares what his firm does to support staff during busy season.
Feb 17, 2020
Open source information and forensic accountants
Veteran investigator Cynthia Hetherington offers practical tips and guidance on how forensic accountants can use the open source information found on the internet to make themselves smarter, better investigators while staying within privacy laws.
Feb 3, 2020
Where accounting really stands with blockchain
Erik Asgeirsson, president and CEO of CPA.com, and Ron Quaranta, founder and chairman of the Wall Street Blockchain Alliance, examine tax and accounting issues related to cryptoassets and explore assurance opportunities blockchain is creating for accountants.
Jan 22, 2020
Sponsored: What’s new for QBI?
Drake Software Vice President of Strategic Development John Sapp, CPA, briefly explains the Sec. 199A qualified business income (QBI) deduction safe harbor rule and Forms 8995 and 8995-A. (Sponsored by Drake Software)
Jan 20, 2020
A farewell chat with Tech Q&A author J. Carlton Collins
After nine years writing our Technology Q&A column, J. Carlton Collins, CPA, decided the end of 2019 was the right time to retire. In this episode, Collins talks about how he came up with the hundreds of technology topics he covered, how he became a good writer, and how he feels about ending his run with our most popular column.
Jan 6, 2020
The outlook of finance decision-makers for 2020
How long can cautious optimism last for an upward U.S. economy aptly described as “long in the tooth”? This episode delves into the thinking of CPA decision-makers.
Dec 23, 2019
Humpty Dumpty meets the tax code
In the world of tax law, words have statutorily set definitions or are interpreted by judges using precedent and reason. Annette Nellen, Esq., CPA, CGMA, walks us through four recent decisions by the U.S. Tax Court to show how the precise application of a word or phrase can make a world of difference.
Dec 18, 2019
You might be a tax shelter if …
The Tax Cuts and Jobs Act made tax accounting easier for many businesses with average annual gross receipts of $25 million or less (inflation-adjusted to $26 million for 2019). The benefits include the cash method of accounting, exemption from UNICAP rules, exemption from some inventory accounting requirements, and more. But an “exception to the exceptions” denies these advantages to tax shelters, including “syndicates.” Chris Hesse, chair of the AICPA’s Tax Executive Committee, reveals where the traps lie.
Dec 16, 2019
What’s next for potential CPA licensure changes
What’s the latest on a new licensure model proposed by the National Association of State Boards of Accountancy and the AICPA? This podcast episode gets you caught up.
Nov 25, 2019
5 steps to a successful sale
With mergers-and-acquisitions activity on the upswing and Baby Boomers retiring in large numbers, many owners are now looking to exit their businesses. Fentress Seagroves, deals partner for the U.S. with PwC, outlines the steps business owners can take to ensure a successful transition and discusses the many ways CPAs can support them during this process.
Nov 18, 2019
How the CPA Exam is poised to change
New technologies with the power to reshape accounting, such as data analytics, are emerging all the time. Rich Gallagher, CPA, senior director of content for the AICPA Examinations team, explains how the CPA Exam is able to keep up with such changes.
Nov 14, 2019
Taxes and Washington’s unfinished business
Tax planning and return filing readiness depend in no small part on the actions of Congress and the IRS and Treasury in the countdown to 2020. Ed Karl, AICPA vice president–Taxation, gives some inside-the-Beltway prognostications.
Nov 6, 2019
The tech trends we’ll see in 2020 and beyond
2020 is not far away, and that means major changes related to technology are coming at us fast. The tech-focused founder of a consulting firm provides a preview.
Oct 31, 2019
Emerging global fraud trends
Fraud and forensics expert Roger Darvall-Stevens explores emerging global fraud trends and what finance professionals and accountants can do to protect themselves and their firms.
Oct 23, 2019
Roller derby’s role in fighting impostor syndrome
Can roller derby double as leadership development? Can we really exercise our “confidence muscles”? Jen Gardner, CPA, says yes to both.
Oct 14, 2019
How to make clients love your firm
Clients who feel an emotional connection to your firm can be your greatest assets — especially in an age where accounting work is becoming increasingly commoditized. Julie Littlechild, founder and CEO of Absolute Engagement, discusses what her organization’s research reveals about how clients become truly engaged with an accounting practice.
Oct 7, 2019
Serious presentation tips from a stand-up comic
John Garrett -- a stand-up comedian, widely traveled speaker, and former practicing CPA -- shares insights on how to deliver a memorable presentation at your next conference.
Sep 23, 2019
Subject line to salutation: Email rules to live by
Should you use an emoji in email? Is there value in reaching “inbox zero” status? Byron Patrick, CPA/CITP, CGMA, has answers in this podcast episode.
Sep 16, 2019
How to manage a difficult relationship with your boss
Karen Dillon, a former editor with Harvard Business Review and author of the HBR Guide to Office Politics, discusses assertive strategies for empowering your career when you have a rocky relationship with your boss.
Sep 9, 2019
Why U.S. business confidence is dropping
What is the top challenge facing U.S. finance executives? This podcast episode explores that topic and two other fast-rising obstacles detailed in a quarterly survey.
Sep 3, 2019
Tips for effective not-for-profit governance
A not-for-profit’s survival depends on high-quality oversight from its board. In this episode, learn how using the right governance strategy can help your not-for-profit thrive.
Aug 29, 2019
How much are college football teams worth?
Have you ever wondered how much your favorite college football team is worth? Mark Zyla, CPA/ABV, and Dan Cohen, Esq., discuss the value of teams to universities — and the ways in which a CPA might try to determine their financial valuation.
Aug 26, 2019
How good are you at receiving feedback?
Ample advice exists for managers to improve on how they deliver feedback. Less common is coaching on how to be better at receiving feedback. Rebekah Brown, CPA, director of development for the Maryland Association of CPAs and the Business Learning Institute, shares insight on receiving feedback.
Aug 19, 2019
Tips for overcoming workplace dysfunction
Should you immediately tell a co-worker about a dysfunctional work environment? It’s one of several questions addressed by leadership expert Jennifer Wilson.
Aug 12, 2019
How CPAs can help family businesses with succession planning
Jonathan Flack, CPA, discusses why leaders of family businesses have such a difficult time with succession planning and what CPAs can do to help them.
Aug 5, 2019
Recognizing and managing different personality types
How does an “eager beaver” work best with a pessimist? This is one example of how different personality types might interact at work. Learn more in this episode.
Jul 31, 2019
Insight into the state of small business
Why are small business owners optimistic? And why do they have cause for concern? A close follower of small business has answers.
Jul 29, 2019
Why the CPA licensure process could change
This episode addresses how and why CPA licensure requirements might evolve as a result of the technological revolution that’s transforming the accounting profession.
Jul 22, 2019
A closer look at threats to CPA licensure
Legislation in states around the country could put CPA licensure in danger. This episode examines what practitioners need to know to help ensure the profession is protected.
Jul 15, 2019
Implementation insight from FASB’s vice chair
FASB vice chairman Jim Kroeker shares advice for successful implementation of accounting standards, as well as what’s on the horizon for FASB.
Jul 8, 2019
The father of the 401(k) on how his invention has reshaped retirement
Ted Benna talks about how and why he came up with the 401(k), its advantages and drawbacks, how he’d change it if given the chance, and how it’s reshaped retirement.
Jun 24, 2019
The hiring outlook for U.S. businesses
What is the top challenge U.S. finance executives say they are facing? This podcast explores that challenge, along with projections for the coming year.
Jun 24, 2019
Memo to managers: Practice what you preach
Misty Geer, CPA, CGMA, believes that strong management goes beyond ethical behavior, efficiency, and carrying out company strategy — even though each of those is important. Managers are a key reason that employees show up to work engaged or not. Geer explains how managers can live their values, set clear expectations on schedules, engage in two-way communication, and more.
Jun 17, 2019
Revenue recognition tips for not-for-profits
Not-for-profits have their own specific concerns related to the Financial Accounting Standards Board’s new revenue recognition standard. Find out in this episode how the new standard applies to not-for-profits.
Jun 12, 2019
How to keep fear from short-circuiting your career
Lindsay Stevenson, CPA, CGMA, has a message for those of us who doubt ourselves or let a fear of failure take hold in this special-edition podcast recorded at AICPA ENGAGE 2019 in Las Vegas.
Jun 10, 2019
Fraud on film: Lessons from real-life stories
What’s at the heart of fraud incidents? Opportunity is one angle, but so is rationalization, according to a university professor who has studied fraud through documentary filmmaking.
Jun 3, 2019
Interviews that will get you the staff you want
The candidate experience is essential to hiring and retaining the right personnel, especially in today’s tight job market. Even the applicants you don’t hire walk away with an impression of you as an employer that can affect how your organization is perceived, as Troy Ashby, CPA, founder of recruiting firm Benchmark Search Group, explains.
May 27, 2019
Better computer and mobile device hygiene
Have you ever had a stranger ask to borrow your mobile phone? Do you connect to public Wi-Fi networks? Cybersecurity expert Mike Foster has advice for handling those situations.
May 20, 2019
How organizations can better fend off cyberattacks
Cybersecurity is a multifaceted, ever-changing concern of organizations. Cyber expert Mike Foster offers advice for keeping their networks secure.
May 10, 2019
A new opportunity for auditors to communicate
Auditors’ reports will provide additional information, including a “Basis for Opinion” section in all reports, under a new standard issued by the AICPA Auditing Standards Board. Learn more about the new requirements, which include updates related to going concern.
May 6, 2019
Why you can’t wait to prepare for disaster
Jennifer H. Elder, CPA/CFF, CGMA, co-author of the book "Faster Disaster Recovery: The Business Owner’s Guide to Developing a Business Continuity Plan," discusses how to prepare so that an organization’s finances and reputation will be protected if a disaster occurs.
Apr 30, 2019
Build employee loyalty with better onboarding
Troy Ashby, CPA, founder of Dallas-Fort Worth-area recruiting firm Benchmark Search Group, outlines steps you can take to improve onboarding and increase new employees’ sense of belonging.
Apr 22, 2019
How one vacation can change your work life
Byron Hebert, CPA, explains why he has inverted the words on a common workplace phrase, and how a 2011 invitation changed his approach to work and life.
Apr 12, 2019
Bad relationship with your boss? How to fix it
Having a poor relationship with your manager can be detrimental to both your work and your quality of life. Maureen Hoersten, COO of staffing and recruiting group LaSalle Network, recommends ways to uncover the root cause of a bad working relationship and strategies for repairing it.
Apr 1, 2019
The 5 traits of a great manager
As Gallup’s decades of research have shown, managers are key to an organization’s success. In this podcast, Nate Dvorak, a workplace researcher and client adviser at Gallup, reveals what Gallup’s studies say about the qualities needed for effective management and how employers can choose the right people to promote to manager.
Mar 25, 2019
Tips to ease the stress of Form 990 preparation
IRS Form 990 is a complex, comprehensive form that can be a big challenge for a not-for-profit organization to prepare. Brian Yacker, CPA, managing director of YH Advisors, describes best practices for a stress-free and compliant preparation of Form 990.
Mar 25, 2019
The most important skill for CPAs — and machines
To succeed in the age of artificial intelligence (AI), CPAs must be taught new ways to learn and must learn why machine learning means they should be patient with AI. Find out more in Part 2 of our annual Accounting Technology Roundtable podcast.
Mar 19, 2019
New developments in UBIT for not-for-profits
The unrelated business income tax (UBIT) provisions of the Internal Revenue Code have long been a source of confusion for not-for-profits. Dave Moja, CPA, a tax partner at CapinCrouse LLP, discusses some of the activities not-for-profits should be aware of that produce unrelated business income.
Mar 18, 2019
What CPAs need to know to succeed in new tech age
The Paul Reveres of accounting have been on their horses for the past couple of years, crying out that technologies such as AI and blockchain are set to invade the profession. “The robots are coming! The robots are coming!” Very well, but what should CPAs be doing about it? Find out in Part 1 of our annual Accounting Technology Roundtable podcast.
Mar 14, 2019
4 key tax reform provisions for not-for-profits
With tax season underway for calendar-year taxpayers, Betsy Krisher, CPA, president of the Pennsylvania-based firm Maher Duessel, explains four key provisions in the new tax law that have a significant effect on not-for-profits.
Mar 11, 2019
How to become the speaker people listen to
To live up to her full professional potential, Geni Whitehouse, CPA, CGMA, became the “Countess of Communication.” It wasn’t easy to become a speaker people listen to, but the result is rewarding on multiple levels. Find out how Geni did it.
Mar 7, 2019
The concerns of generally upbeat finance leaders
Sentiment is positive overall among U.S. finance decision-makers. Hear more about the issues causing them concern, both at home and abroad.
Feb 24, 2019
The link between rowing, the Super Bowl, and FP&A
What can FP&A professionals learn from a famous Super Bowl play? And what’s the role of storytelling in FP&A? Learn more in this podcast episode.
Feb 18, 2019
How to get clients to follow your advice
Having clients fail to take your advice can be frustrating. But by changing the way you offer that advice, you can increase the chances that clients will comply.
Feb 11, 2019
Simple fraud prevention tips
Fraud prevention doesn’t need to be complex. In fact, a few simple steps can help organizations of any size be better at fighting fraud.
Feb 4, 2019
How tax reform has changed busy season preparation
Practitioners still have a lot of questions about tax reform — including everything from dealing with binding and nonbinding Tax Cuts & Jobs Act (TCJA) guidance to individual planning considerations.
Jan 25, 2019
Stay in charge of your time and energy
Kevin Gienger, CPA, shares ways CPAs can better manage their time and become more productive without losing sight of what’s most important to them.
Jan 17, 2019
What CPAs need to know about Sec. 199A guidance and SSTBs
One of the areas that accountants are most interested in regarding tax reform is Sec. 199A guidance — and, more specifically, how the deduction for qualified business income relates to a specified service trade or business. In this episode, Tony Nitti, CPA, addresses some popular questions on that topic.
Jan 9, 2019
How to improve communication at small CPA firms
If poor communication is leading to inefficiency — or worse — at your firm, this podcast episode with AICPA board member Melody Feniks will provide strategies that can help.
Dec 7, 2018
The reasons behind a drop in US economic sentiment
Each quarter, the Association of International Certified Professional Accountants surveys finance decision-makers in the United States about their outlook for the coming 12 months. The fourth-quarter results show that sentiment has dipped regarding the domestic and global economies. The decline is in part due to subsiding euphoria of the first quarter and tax law changes, though the overall outlook remains strong. Ken Witt, CPA, CGMA, the Association’s lead technical manager for management accounting, delves further into the results, focusing on hiring plans and the top challenges facing businesses.
Dec 4, 2018
Twin brothers reflect on decades of teaching accounting
Identical twin brothers Harold Little, CPA, CGMA, Ph.D., and Carroll Little, CPA, DPA, share the unusual distinction of having both served as the chairs of AACSB-accredited accounting departments. The brothers look back at their journey from students to practitioners to faculty members.
Nov 30, 2018
Why CPAs can’t wait on automation tools
What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.
Nov 30, 2018
Why CPAs can’t wait on automation tools
What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.
Nov 21, 2018
Different ways to understand blockchain
Blockchain expert Amanda Wilkie provides a guided tour around the blockchain ecosystem, explaining how the internet, ATMs, and even postage stamps can help CPAs comprehend how the digital distributed ledger and related technologies work.
Nov 16, 2018
What it was like to work for a legendary CPA
Lester McKeever talks about what it was like to work for Mary T. Washington, a legendary accountant who became the first female African-American CPA in 1943, and also offers advice on succession planning at smaller firms.
Nov 9, 2018
What CPAs need to know about firm mobility
This episode will bring you up to date on the latest developments in CPA firm mobility.
Oct 22, 2018
Working together to grow the CPA pipeline
Accounting students are the future of the profession. So how can professors and practitioners work together to make sure those students complete their education and go on to earn their CPA license with the skill sets they need to be successful?
Oct 15, 2018
How the skill set for today’s CFO is changing
An expert on large-company CFO searches shares insights into where executives are coming from and more in this podcast.
Oct 1, 2018
How to interview for soft skills
Rian Powell, senior director of recruiting at Chicago-area staffing and recruiting firm LaSalle Network, explains the right questions to ask during job interviews to assess candidates’ soft skills.
Sep 12, 2018
Why our passions are essential to work success
John Garrett, a former accountant and stand-up comedian, speaks on how being energized by our outside interests can energize us at work.
Sep 10, 2018
Top takeaways from the latest Economic Outlook Survey
Hear more about companies’ hiring plans and profit projections from the third-quarter Business & Industry Economic Outlook Survey.
Sep 4, 2018
Tips for working with Millennial clients
Cortlon Cofield, CPA/PFS, offers his best advice for marketing to and working with Millennial clients.
Aug 22, 2018
Lessons learned from a multibillion dollar fraud
Aaron Beam, the first CFO at HealthSouth, tells a cautionary tale of greed taking precedence over ethics.
Jul 25, 2018
Using drones to enhance audits
Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.
Jul 24, 2018
The traits of truly great leaders
Tommy Spaulding has traveled the world speaking on the topic of leadership, and he’s the author of two books, The Heart-Led Leader and It’s Not Just Who You Know. Listen to this episode to learn more about Spaulding’s focus on leading with the heart.
Jun 27, 2018
Is state legislation endangering the CPA license?
The regulatory environment around the country is causing concern among CPAs — who are keeping a close watch on state legislation that might affect CPA licensure.
Jun 12, 2018
How tax reform is impacting tax practitioners
Jeffrey Porter, CPA, discusses how practitioners are dealing with the changes so far.
Jun 5, 2018
How CPAs can become thought leaders
According to Brandon Allfrey, CPA, CGMA, partner with Squire and Company, thought leadership can be a career-booster for just about everyone.
Jun 4, 2018
How tax reform — and Excel — are changing the CPA Exam
Mike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.
May 15, 2018
How to make women’s initiatives more successful
Nancy Droesch, CPA, co-founder of WILLO LLC, explains what employers can do to make their women’s initiatives stronger and more successful.
May 9, 2018
What it was like to be a female CPA in the 1970s
Four women CPAs look back at that time, and share their funny, inspiring, and eye-opening stories about what it was like to be a pioneering female CPA.
May 4, 2018
Feeling frazzled? Try these tips for greater focus
Time management specialist Pam Vaccaro, CEO of Designs on Time, discusses ways CPAs can improve their focus to become more productive and satisfied at work.
Apr 23, 2018
Beyond Boomers and Millennials: Bridging the generational gap in the workplace
Forget Boomers, Millennials, and Xers. Robby Riggs, co-author of Counter Mentor Leadership, says generational conflict in the workplace boils down to tensions between two groups: the BOSSes and the KIDS.
Apr 18, 2018
What CPAs need to know about providing services to marijuana businesses
Providing accounting services to marijuana businesses is full of potential legal and ethical minefields. This episode explores what CPAs need to know about the latest developments in providing accounting services to marijuana businesses.
Apr 12, 2018
Want to bring your employees together? Send them on a “Death March”
For 40 years, employees at HMWC CPAs and Business Advisors in Orange County have taken part in an annual tradition dubbed the “Death March”: a camping, hiking, or rafting trip in one of the continent’s most beautiful national parks.
Mar 30, 2018
Networking secrets that will help advance your career
Todd Cohen, a regular speaker at the AICPA’s CFO Conference, explains why we should network regularly, as opposed to networking only when we need to.
Mar 28, 2018
How to keep employees in the game
Brandy Amidon, CPA, the CFO at South Carolina marketing and creative agency Brains on Fire, found a way to hold employees’ interest and get them to care more about the organization’s profitability.
Mar 23, 2018
What to know before you go into business with someone
Mark Zyla, CPA/ABV/CFF, joins this edition of the podcast to talk about business prenups and divorce — and how they can impact your business’s valuation.
Mar 16, 2018
A CPA firm with Silicon Valley DNA
Wesley Middleton, CPA, founder and managing partner of MiddletonRaines+Zapata, discusses his unique leadership style and how and why his firm does things differently.
Mar 9, 2018
How national tax reform is impacting state taxes
CPAs around the country are still trying to figure out how the recent national tax reform will impact their clients at the federal level. But they’re also interested in how it will impact their clients at the state level. In this podcast, guest Eileen Sherr, a CPA and CGMA who is an AICPA tax expert, addresses some of the key questions CPAs — and their clients — need answered.
Mar 6, 2018
A new staffing model for accounting firms
What will accounting firms and accounting departments look like after lower-level, repetitive tasks are automated and unprecedented amounts of data can be mined for business insights? That topic takes center stage in the second part of our annual accounting technology roundtable podcast.
Feb 27, 2018
How AI, blockchain, and automation will reinvent accounting
Three of the profession’s top technology experts discuss the radical changes emerging technologies will bring to accounting — and accountants — over the next 1–5 years.
Feb 9, 2018
How tax reform will impact individual taxpayers
Individual taxpayers have plenty of questions about how the new tax reform law will impact them. So we asked Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, to provide some clear, easy-to-understand answers to some of the most common questions. If you care about tax reform — whether you’re a CPA or a CPA client — this podcast is for you.
Feb 7, 2018
Private student loan debt: What CPAs need to know
Borrowing money to pay for school has grown in popularity over the years, but it can have consequences that linger long after graduation. We examine what potential borrowers need to know when considering taking out private student loans.
Jan 24, 2018
Student loan debt: Everything you need to know but were too afraid to ask
We take a look at what potential borrowers need to know when considering taking out a government-funded student loan.
Jan 8, 2018
Watch out for these fraud red flags
Detecting fraud is often extremely difficult. But there are some things that accountants can watch out for. Howard Silverstone, a CPA who is a director at Forensic Resolutions Inc., shares some great stories about fraud — and explains the red flags that they help illustrate.
Dec 6, 2017
When accountants walked with kings: Jacob Soll’s The Reckoning
Accounting history is a lot more exciting than you realize. Historian and MacArthur Fellow Jacob Soll, author of "The Reckoning: Financial Accountability and the Rise and Fall of Nations," discusses the vital role accounting played in the French and American revolutions.
Nov 10, 2017
Tax reform: What CPAs need to know about the latest developments
Tax reform is the hot topic in Washington right now. In this episode of the podcast, which was recorded Nov. 6 at the AICPA National Tax Conference, we talk about what CPAs need to know with tax reform expert Tony Nitti, CPA, a tax partner with WithumSmith+Brown and an editorial board member of The Tax Adviser.
Nov 7, 2017
What’s next for health care reform?
Health care reform has been one of the biggest policy issues of the year. In this episode of the podcast, which was taped Nov. 6 at the AICPA National Tax Conference, we ask health care reform expert Eddie Adkins, CPA, of Grant Thornton what will come next in the process — and what accountants need to know about it.
Oct 11, 2017
The secrets to opening a new CPA office
Blake Christian, a tax partner with HCVT, drops in to reveal the secrets he’s learned from opening several new offices over the years.
Sep 29, 2017
What CPAs need to know about the new tax reform framework
On Wednesday, Sept. 27, Republican lawmakers released a framework for tax reform--a key issue for CPAs and their clients. So what do practitioners need to know about the framework? Two expert guests, Alistair Nevius and Tony Nitti, join us for a special episode to help bring CPAs up to speed on the development. Nevius is the editor-in-chief of The Tax Adviser, and Nitti is a tax partner with WithumSmith+Brown and an editorial board member of The Tax Adviser.
Sep 6, 2017
Engage your listeners through financial storytelling
CPAs sometimes struggle to hold their audiences’ interest when presenting financial data. Peter Margaritis, CPA, tells CPAs how to use storytelling to make their presentations more compelling.
Aug 22, 2017
What CPAs need to know about their tax software
Every year, The Tax Adviser conducts a tax software survey that readers have come to rely on to help them choose what software to use and keep up with changes in the industry. In this episode, The Tax Adviser Editor-In-Chief Alistair Nevius explains what we can learn from this year’s survey.
Jul 27, 2017
Could unlimited vacation work at your firm?
A workplace offering an unlimited paid-time-off policy sounds like paradise for employees… and nothing but headaches for the managers responsible for making sure all the work gets done. But the management team at ATKG, a CPA firm in San Antonio, has implemented just such a policy and has been very happy with the results. In this episode, we talk to Teryn Grater, a partner at the firm, about how and why they implemented the policy.
Jun 29, 2017
Real talk about artificial intelligence and blockchain
Artificial intelligence and blockchain are among the technologies being touted as potentially disruptive and transformational for the accounting profession. How and when will new technologies reshape the accounting profession? That’s the focus of the conversation in part 2 of our annual technology roundtable.
Jun 19, 2017
Popular CPA Exam scoring questions answered
John Mattar, the director of Psychometrics & Research for the AICPA Examinations team, talks about how the exam was developed—and answer some common questions about scoring.
May 30, 2017
A factor of singular importance in cloud computing
What should CPAs be doing to better protect their data and derive more value from the investments in technology? Find out from our panel of accounting technology experts.
May 24, 2017
How a CPA overcame her fear of public speaking
Great public speakers can be made, not born. Elizabeth Pittelkow, CPA, accounting and compliance director at ArrowStream, discusses how her experience with Toastmasters turned her from someone who avoided public speaking to someone who’s made it a key part of her career.
May 8, 2017
How to protect your CPA practice from hackers
Nick Graf, an ethical hacker with CNA, joins the show to discuss all the cyber threats that go bump in the night and ways to prevent them from harming your business.
Apr 5, 2017
How CPA firms can protect themselves from lawsuits
Being a public accountant entails a certain amount of professional liability risk. But accountants can take steps to mitigate that risk. In this episode, guest Sarah Beckett Ference, CPA, of CNA talks about ways that CPAs can help prevent, or defend themselves from, lawsuits.
Feb 27, 2017
From CPA to the classroom: Going from practitioner to professor
Many CPAs have considered giving back to the profession by teaching accounting. In this episode, practitioners-turned-professors Tony Bucaro of Case Western Reserve University and Jim Biagi of Marywood University discuss what it takes to make the move to academia.
Feb 15, 2017
What you need to know before you sell your firm
As the founder of brokerage firm Poe Group Advisors, Brannon Poe, CPA, has helped hundreds of CPAs sell their firms. He shares insights he has learned over the course of his career, as well as best practices for selling your firm.
Jan 23, 2017
Mistakes people make when applying for a job (Part 3)
In the third part of a three-episode series, independent recruiter Beth Berk, CPA, offers her final recommendations on what job candidates can do to secure that new position.
Jan 23, 2017
Mistakes people make when applying for a job (Part 2)
A lot of things can go wrong when changing jobs. In second part of a three-episode series, independent recruiter Beth Berk, CPA, continues her discussion of the key mistakes job seekers should avoid making.
Jan 23, 2017
Mistakes people make when applying for a job (Part 1)
Independent recruiter Beth Berk, a CPA herself, talks about the key mistakes you need to avoid in order to land that coveted new gig.
Jan 7, 2017
How to make conference attendance pay off
Guest Lynne Waymon of Contacts Count joins this episode to explain how to navigate the sometimes awkward social situations created by conferences so that you can get your money’s worth out of your attendance.
Jan 7, 2017
On the move: Answers to the most common CPA mobility questions
CPA mobility is a key consideration for CPAs and aspiring CPAs, who often have a lot of questions about whether their licenses and credentials will be recognized in a different state. In this episode, guest Lindsay Patterson of the AICPA joins the show to help answer some of the most common questions.
Jan 7, 2017
How drone aircraft will change the CPA profession
The military and delivery companies aren’t the only ones exploring the potential of drone aircraft. CPAs—specifically some types of auditors—may soon be using drones to help on the job. In this episode, guest Julia Morriss of the AICPA joins the show to give us a glimpse of accountants’ aeronautical future.