Small firms face many of the same changes that their larger-sized siblings are undertaking, but they also have a set of unique issues that must be confronted if they wish to stay competitive.
 
 
Accounting Today
 
 
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Jun 30, 2016
 
 
 
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Small Firms Are Facing Big Issues
by SEAN MCCABE
 
Small firms face many of the same changes that their larger-sized siblings are undertaking, but they also have a set of unique issues that must be confronted if they wish to stay competitive.
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In the Blogs: Brexit Fixit
by JEFF STIMPSON
 
Highlights of some of our favorite tax-related blogs from the past week.
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Time After Time: Last Season’s Extensions
by JEFF STIMPSON
 
Give some people time and invariably they’ll want more.
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Where Everyone Goes Wrong
by JOHN P. NAPOLITANO
 
Common mistakes clients and planners make
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The Convergence of Culture and Technology in Today's CPA Firms
 
The Convergence of Culture and Technology in Today's CPA Firms
by DAN DISTEPHANO
 
It’s an old adage that most firms will appreciate today: “Culture eats strategy for breakfast.”
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The Most Trusted Advisors Trust Their Spouses Most
by DANIEL HOOD
 
While accountants may be other people’s most trusted advisors, when it comes to their own lives, they put the most trust closer to home: with their spouses.
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Accounting Today Calls for Nominations for Top 100 People
 
Accounting Today is issuing a call for nominations for its 2016 Top 100 Most Influential People in Accounting list.
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Keeping Up with Tech Is Accountants’ Biggest Annoyance, Survey Says
by RANICA ARROWSMITH
 
The biggest technology “annoyance” faced by accountants is keeping up with changing software, according to a recent survey, with security and risk management in second place.
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Accounting Software Company Smacc Raises $3.9 mn
by RANICA ARROWSMITH
 
Accounting software startup Smacc has raised $3.9 million in Series A funding to develop its platform for automating accounting and finance processes.
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IRS Review of Volunteer Tax Prep Program Falls Short
by MICHAEL COHN
 
The Internal Revenue Service needs to do a better job of assessing the performance of its Volunteer Tax Return Preparation Program, according to a new report, which nevertheless found the volunteer tax preparers completed mostly accurate tax returns this past tax season.
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Ex-PwC Duo Get Suspended Jail Terms, Fines in LuxLeaks Trial
by STEPHANIE BODONI
 
Luxembourg’s criminal court handed out suspended jail terms and fines to former PricewaterhouseCoopers staffers Antoine Deltour and Raphael Halet for their role in the so-called LuxLeaks scandal.
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Illinois CPA Society and CPA Endowment Fund of Illinois announce 2016-17 scholarship recipients
by SEAN MCCABE
 
The Illinois CPA Society (ICPAS) and the CPA Endowment Fund of Illinois recently announced the recipients of their yearly academic scholarships for accounting students across the state. Students earning scholarships are set to complete their accounting studies and pursue the CPA licensure.
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Companies Inflated Profits $164 Billion with Non-GAAP Metrics
by MICHAEL COHN
 
U.S. corporations overstated their net income more than $164 billion last year by publicizing non-GAAP measures, according to a new report.
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The Spirit of Accounting
by PAUL B.W. MILLER AND PAUL R. BAHNSON
 
An encore: Using truth to untangle the Gordian Knot of pension accounting
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Groups Work to Bridge Differences Between U.S. and International Valuation and Appraisal Standards
by MICHAEL COHN
 
The International Valuation Standards Council and the Appraisal Foundation have released a document explaining how they plan to harmonize their standards for assessing the value of both tangible and intangible assets.
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Slideshows
 
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CPAs and Tax Pros Gone Wrong
 
Some of our favorite examples of professionals breaking bad
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Accountants Giving Back
 
A look at the many ways different CPA firms are contributing to their communities
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