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Insight Full Article
GEN NEXT: Paying It Forward: Inspiring the Next Generation of CPAs
Here are three pieces of advice for the next generation of diverse, thought-provoking CPAs entering the profession.
IN PLAY: Allan Koltin, CPA, CGMA
As one of the nation’s top accounting consulting experts, longtime Illinois CPA Society member Allan Koltin, CPA, CGMA, shares his advice for firms exploring growth via private equity.
In Succession Planning, What Constitutes Success?
Here are three succession planning choices for firms to consider—each with its own definition of success.
The Ethics of Burnout
Both individuals and organizational leaders have an ethical role to play in preventing and addressing burnout—consider these tips.
It’s Complicated: A Closer Look at Cannabis Sales and 280E
Although sales of recreational and medical cannabis are legal in Illinois, they remain illegal at the federal level. Here’s how it complicates taxable income.
What’s Old Is New Again in Corporate Finance
To stay adaptable and responsive to today’s business challenges, corporate finance teams need to consider their lessons from the past.
The State of Philanthropy: How CPAs Can Help Donors
Has the pandemic had any effect on charitable giving? Yes—but the results may surprise you.
Assessing SAS 134-140: How Did It Go?
Before tackling SAS 143-145, let’s see how you did on the former suite of auditing standards. Consider these post-implementation reminders.
Deal or No Deal? My 2024 M&A Predictions
The merger and acquisition landscape continues to evolve at a rapid pace as firms seek to expand their offerings and accelerate growth.
2 Types of Goals You Need to Succeed in the New Year
Using a two-part goal-setting structure will get you closer to achieving your goals in 2024 and beyond.
Preparing for the IPO Comeback
Will initial public offerings (IPOs) return big in 2024? Many experts are saying yes— here’s what CPAs and CFOs need to know now to prepare.
What Drives Difficult Auditor-Client Interactions?
The relationship between an auditor and their clients is very complex and often met with conflict. Here, researchers explore these dynamics to identify areas for improvement.
What the Future of Accounting Really Needs
If the accounting profession is to remain relevant to future generations of workers, changes in work-life balance, diversity, and pay are needed now.
The Like-Kind Exchange Home Sale Strategy
As home values rise, tax structuring becomes more important in how your clients sell their homes.
Managing Risk in Tax Season and Beyond
Now more than ever, CPA firms need to be proactive—not reactive—to potential risks associated with their client relationships. Consider these risk management tips as another tax season nears.
Are You Ready for Beneficial Ownership Compliance Reporting?
Small businesses, including CPA firms, will soon be required to report beneficial ownership information per the Corporate Transparency Act. Here’s what you need to know to prepare.
Advocacy: Looking Back to Move Forward
Our legislative successes in 2023 pave the way for important advocacy initiatives in the year ahead.
The Transformative Impact of AI on Accounting
As artificial intelligence gains prominence, its transformative capabilities are poised to reshape accounting, creating a more efficient, data-driven, and future-ready landscape.
Concerned About ERC Scams? Get a Second Opinion
CPAs have a professional responsibility to ensure their clients’ ERC providers are performing their due diligence—and that might mean getting a second opinion.
GEN NEXT: Why: The Most Powerful Three-Letter Word
If you find yourself moving through your life and career with too many questions and too few answers, ask yourself “why.”
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