Conversations

Community News

A Conversation With Allan Boress: Why Clients Leave CPA Firms

The year is almost over and it's a good time to reflect on what happened. Did some clients not return this year? Do you know why they really didn't come back?Every two years we conduct a study of about two hundred clients of CPA firms all over the US and Canada.

A Conversation With Barry Goldwater: Accountants as Wealth Management Providers

In two years, it is predicted that 50% of all CPA’s will be licensed to sell some type of financial product. What are some of the reasons behind this trend to financial services? Why would the profession that is synonymous with being the pillar of financial objectivity now suggest that they would consider selling a product solution for a commission? You are a CPA firm that wants to expand your platform, how do you decide if you will deliver financial services or wealth management and will you in-source the business, co-source the business or continue to out-source the business?
Tax

A Conversation With TaxMama on Special Employer Credit

Tomika in North Carolina is at her wit’s end trying to get answers from the IRS about child-care credits or benefits. She asked TaxMama.Dear TaxMama,I have been on the phone with the IRS for 45 minutes and transferred to at least ten departments to get the answer to this question. Which to my dismay I still don't have an answer so I decided to go to the PRO. I have an employer that wants to offer dependant care assistance to only ONE employee. The type of business is a daycare provider.
Tax

A Conversation About Private Debt Collection & the IRS with CBIZ’s Bill Smith

This month, the Internal Revenue Service (IRS) began implementing the private debt collection program approved through the 2004 American Jobs Creation Act. Intended to reduce the growing amount of uncollected tax liabilities, the program has raised concerns among tax preparation professionals and others, which have not been appeased by the safeguards put in place by the IRS.
Technology

A Conversation About Technology Consulting with Stuart Rosenberg

Imagine yourself working at a desk, about to retrieve a paper document from the file cabinet. Would the document be in the right place? Would you find it? Once it hit your desk, would you remember to re-file it?
Education & Careers

A Conversation with the Next Generation of Accounting Professionals

Laura Holmes was so sure she wanted to emulate her father and be an accountant when she grew up that she donned one of his suits and identification badge to go trick-or-treating.She was just 10 years old then. These days, the accounting major at California State University in Sacramento, remains true to her aspirations. But what is less certain is the career path Holmes will take following graduation in December.
Practice Management

A Conversation about the Price of Success with Paul Sharman

It started with a simple question: What is an accountant? Fortunately, my conversation with Paul Sharman, President and CEO of the Institute of Management Accountants (IMA), didn’t end there. Instead, it evolved into a discussion of the image of accountants and the future of accounting as a career in the U.S. and around the world. Sharman has established an entirely new direction for the IMA since being asked to manage the association’s operations.
A&A

A Conversation About Equity Incentives with Jonathan Miller

Companies are not doing away with stock options. Jonathan Miller, President of Plan Management Corp. of Ardmore, Penn., recently sat down with AccountingWEB to discuss the present and future of options regulations and their impact on financial planning and reporting. Plan Management Corp. helps companies account for all forms of equity incentives, including stock options, restricted stock, stock appreciation rights (SARs) and stock purchase plans. “There was an initial impression that stock options were going to disappear, but we haven’t noticed that," Miller told AccountingWEB.com.
Practice

A Conversation with... Ron Baker

Ron Baker, the driving force behind the accounting profession’s migration to value pricing, in which rates are based on the value that clients perceive they receive, has raised the level of his argument for this dramatic shift in how accountants think.Baker became an accounting profession celebrity of sorts and a coveted public speaker in 1998 with the publication of his first book, “The Professional's Guide To Value Pricing,” which postulates that accountants and other business services professionals create value for their clients and that is what they should price for, as opposed to
Community News

Focus on J.H. Cohn LLP

J.H. Cohn LLP, the largest regional firm in the Northeast and one of the country’s 20 largest accounting firms, confronted by the increasingly complex needs of their middle market client base, in 1997 adopted a strategy of developing specialized practices and making acquisitions in their marketplace. That strategy resulted in revenues for the accounting and consulting firm that grew from $18 million in 1997 to $144 million in 2005.
Education & Careers

Just for Laughs, Student Poet Wins Laugh Factory Contest

Earlier this month, New York’s Laugh Factory offered a reward for the Funniest IRS Story. Last week, a poem by Michelle Yeterian, a student at Fordham University, was declared the winner.“I wrote a poem and submitted it because I didn’t have the courage to deliver it on stage,” Yeterian told AccountingWEB.
Technology

A Conversation With...Ron Eagle

After a long, successful career centered on accounting profession technology, Ron Eagle is winding down his work life, but still has plenty to say about accounting and the Information Technology Alliance (ITA), the group he has led since its inception in the late 1990s.
Education & Careers

The Different Dimensions of CMA

During the final stretch of tax season, AccountingWEB had the chance to speak with former Chairperson of the Institute of Management Accountants (IMA), Kim Wallin, regarding the different dimensions of the Certified Management Accountant (CMA) designation. Ms. Kim Wallin, CMA, CFM, CPA, is the principal of public accounting firm D.K.
Tax

A Conversation With...Lou Grumet

In the eight years that Lou Grumet has been executive director of the New York State Society of CPAs (NYSSCPA), he and the nation’s largest CPA society have assumed a high profile in an array of accounting profession issues, sometimes in tandem and sometimes at odds with the American Institute of CPAs (AICPA). This year is no exception.With Grumet as their point person, the 33,000-member NYSSCPA has stepped to the forefront in the nation’s tax reform debate, proposing its own resolution and using its perch in the nation's media capital, New York City, to draw attention to its cause.
Practice Management

A Conversation With...Leslie Murphy

When Leslie Murphy ascended to chairwoman of the American Institute of Certified Public Accountants (AICPA) in October, she pointed to the looming shortage of public accountants as a serious challenge facing the profession.Added pressures stemming from compliance with the Sarbanes-Oxley Act is causing strife and turnover, creating an environment in which one in six CPAs left his or her job in 2004, she said during her inaugural speech.But despite the challenges, Murphy remains upbeat about the future, as more college students are seeking the profession as a career, she told AccountingWEB
Community News

CPA Status Boosts Political Candidate’s Chances

While confessing to cutting down a cherry tree contributed to a reputation for trust that helped George Washington guide the country as president more than two centuries ago, Bruce Brown is hopeful that his CPA license will provide the legacy that helps him get elected as Wyoming’s next state auditor.

A Conversation With...Santa's Accountant

At North Pole, Alaska, where Christmas is “celebrated 365 days a year,” getting gifts to children around the globe is a year-round operation.So to track business affairs, even Santa Claus relies on an accountant. He is Paul Merrifield, a native of northern Indiana who migrated to Alaska in the early 1970s. Merrifield has served as city accountant of North Pole, a tiny town of 1,500 people near Fairbanks, for four years.The job mainly attracted him for two reasons: The Christmas bonuses are great and Saint Nicholas is such a jolly fellow to work with.

A Conversation Wtih...Grady Hazel

Grady Hazel has been director of the Society of Louisiana Certified Public Accountants since 1995. The 6,500-member organization is located in Kenner, a suburb of New Orleans. A native of Baton Rouge, the 58-year-old CPA took time to share with AccountingWeb what many area firms are facing following hurricanes Katrina and Rita.AccountingWeb (AWEB): How would you describe what has transpired in the past few months in New Orleans?Hazel: Devastating. We have CPAs with no offices who don’t know where their clients are.
Community News

Former Enron Exec Concludes GSCPA Centennial Events

The events marking the Centennial Year of the Georgia Society of Certified Accountants (GSCPA) concludes today with a Distinguished Speakers Dinner featuring author and former Enron executive Lynn Brewer. An internationally recognized speaker and consultant in the area of corporate governance emphasizing reputation risk management and ethical literacy. She is the author of “House of Cards: Confessions of an Enron Executive.”Attendees to this event are anticipated to represent more than 65 public accounting firms, 35 companies and 15 colleges and universities from across Georgia.

A CONVERSATION WITH...Arthur Korbin

Donor fatigue is a phrase not-for-profits are painfully aware of, especially in light of an overly active hurricane season that produced the Katrina disaster.With roughly $1.7 billion already given to hurricane relief efforts, scavenging for remaining donor dollars has been a difficult task for many organizations.Particularly hard hit are smaller, local charities that rely more heavily on donations from individuals than their national counterparts.

Pages