Pennsylvania’s 2017 tax amnesty program is here, but only for a limited time. John Kaschak, CPA, deputy secretary for taxation at the Pennsylvania Department of Revenue, stops by to explain the program’s timeframe and eligibility, as well as what it means for CPAs and their clients.
In a discussion related to their Education column for the digital-only bonus edition of the Pennsylvania CPA Journal, Duquesne University assistant professors Robert J. Kollar, CPA, and Valerie Trott Williams, CPA, CFE, CFF, sat with CPA Conversations to explore the pilot program they established in conjunction with Surgent CPA Review to integrate CPA Exam material into the college classroom.
Both the CEO and CFO of the Wounded Warrior Project were abruptly fired in 2016 after news reports surfaced alleging the charity had misused funds. Doug White, former director of the master’s program in nonprofit management at Columbia University, shares some of what he discovered after investigating these allegations and the fallout, and discusses what it all means for CPAs working in the nonprofit sector.
With so much competition in the accounting field, the need to open new revenue streams is paramount. One area that is emerging as a possibility for exploration is supplying business advisory services. On this episode of CPA Conversations, we talk to Richard Stanger, chief executive officer of StangerCarlson in New York City, about this growing area of opportunity in the accounting world.
While data analytics techniques could benefit all accounting practitioners, many of these businesses can be either intimidated by the prospects of a new way of doing things or limited by their resources. In his return to CPA Conversations, Tommy Stephens, a shareholder with K2 Enterprises, tells us how many of the benefits of data analytics can be harnessed through mastery of Microsoft Excel.
We all know that “fake news” has become a buzzword in the global and national political landscapes, but is it possible that the concept could affect financial information as well as people’s understanding of basic economic principles? To answer this question, CPA Conversations spoke with Dr. Sean Stein Smith, CPA, CMA, CGMA, an assistant professor of professional practice at Rutgers University in Camden, N.J.
Recent legislation has eliminated, or greatly curtailed, who can use the file-and-suspend Social Security benefit claiming strategy, and who can file a restricted application for spousal benefits. In this episode of CPA Conversations, Laurie Siebert, CPA, explains what members should know about these changes to claiming Social Security benefits and how they can better advise clients in retirement planning.
Many college seniors have accepted their first accounting job with a firm, but they won’t begin working full-time until summer or fall of 2017. So what should they do now to prepare for the first step of their accounting career journey? Lisa Bilich, CPA, a tax senior with E&Y in Pittsburgh, provides her wisdom for rookie accountants looking to start on the right foot.
Civil tax failures that elevate to criminal tax exposure is a scary thought for CPA practitioners. Patrick J. McCormick, of Kulzer & DiPadova, a law firm in Haddonfield, N.J., discusses the ways this can happen, common threads of tax crimes, and tips for CPAs to protect their clients from running afoul of tax laws.
In the last two issues of the Pennsylvania CPA Journal, Brian A. Vazzana, CPA, CITP, CISA, of BDO LLP USA, has written informative columns on the obstacles faced by information systems auditors. In this episode of CPA Conversations, he breaks down the details into one intriguing podcast.
Construction is expected to begin this year on a Shell petrochemical cracker plant in Beaver County, Pa. Tod Arbutina, CPA, managing shareholder of Cottrill Arbutina & Associates in Pittsburgh, and a member of PICPA’s Natural Resources Committee, stops by CPA Conversations to discuss what this plant could mean for the Pennsylvania economy and for local CPAs.
Tax season is kicking into gear for the tax preparers in our audience, and change is constant in this world. Fortunately, Karen Facer-Mee, CPA, of Facer, Mee & Associates in Warminster, made time for CPA Conversations to provide highlights of what’s new for practitioners at the Pennsylvania and federal levels.
Tax season is here, which means CPA tax preparers are busy. Unfortunately, so are cyber thieves. Millions of records containing Social Security numbers are breached each year, and even if you have a solid security plan in place, it’s critical to always be vigilant. Rose Lamaestra, CPA, of RLB Accountants in Allentown, Pa., discusses how to spot common attacks this tax season and how to protect sensitive client data.
For the accounting profession to be successful, women need to be represented not only as part of the workforce, but also in leadership positions. While many factors stand in the way of this success, Lisa Myers, 2016-2017 PICPA president and our guest for this episode of CPA Conversations, believes they can be overcome. She discusses what firms must do to make sure they are attracting the best talent and offers female CPAs tips for thriving in the accounting world.
Most CPAs would agree that some degree of tax reform is warranted. However, the question now is with a Republican-controlled presidency and Congress, how likely is it that we will see significant tax reform soon. And, if we get it, what will it look like? On the day of Donald Trump’s inauguration, CPA Conversations sat down with PICPA member Bob Duquette to discuss this significant issue for the nation’s future.
Today’s newest workforce entries are staying in their positions for less time than past generations, and they have different expectations regarding work-life balance. If public accounting firms are going to keep their most talented new employees, they are going to have to adjust to their employees’ needs. In this episode of CPA Conversations we discuss this conundrum with Alyzabeth Smith, senior accountant with Wipfli LLP in Media, Pa.
Talent recruitment is one of the biggest challenges currently faced by accounting firms. For this reason, firms have taken to offering flex schedules, CPE reimbursement, and other benefits (even the occasional ping-pong table). But what happens when these offerings start to become run-of-the-mill to job seekers? Chris Baudler, partner and lead consultant with The Robby Group, suggests employer branding in this episode of CPA Conversations.
David Maturo, director of business development for Grant Thornton LLP in Philadelphia, discusses the role of mentoring in a CPA’s career development.
CPAs are trained to keep an eye on the changes taking place in the areas of standards and regulations. But what about the constantly changing world of CPA technology? Taking an eye off of that particular ball can leave a CPA firm paying a steep price. To help our member CPAs keep up with the developments in CPA technology, CPA Conversations recently sat down with Tommy Stephens of K2 Enterprises.
When you are a firm owner who is thinking about making a practice transition (or even a buyer), it is natural that you will feel some trepidation about the changes you are about to undergo. In this episode of CPA Conversations, Ira Rosenbloom, chief operating executive of Optimum Strategies LLC, discusses his winter 2017 Pennsylvania CPA Journal column on the fears people face when going through a firm sale or merger.
Adanma Akujieze, chief internal auditor for Weis Markets Inc. and member of PICPA’s IT Assurance Emerging Issues Subcommittee, discusses the findings of the recently updated Leveraging Mobile and Remote Computing Technology white paper and the effect that measures taken to increase worker flexibility are having on the accounting industry.
CPA baby boomers are retiring, and the accounting profession’s workplace dynamics are changing. Rudy Bilich and his daughter Lisa offer their perspectives on how different generations work in the accounting profession today, and what it could mean for the future.
When a movie called The Accountant comes out, CPA Conversations pretty much has to review it. Bill Hayes, managing editor of the Pennsylvania CPA Journal and member of the CPA Conversations crew, headed to the theater to check out this Ben Affleck flick. Find out what he thought.
Lisa Tierney, president of Tierney Coaching & Consulting Inc., shares how developing an effective professional profile can help CPA firms generate a client list that ensures success. She provides tips for letting personality shine through while remaining professional, as well as getting over the common reluctance to “toot one’s horn.”
Special edition: Part of Donald Trump’s 1995 tax records were revealed a few days ago, and where it came from nobody is really sure. Ed Jenkins, CPA, chair of PICPA’s Federal Taxation Committee, provides this exclusive on how CPAs should handle client information when dealing with the media.