As Baby Boomer partners reach retirement age, they are having difficulty delegating work to staff members and developing leaders to replace them.
EXECUTIVE SUMMARY Return-on-equity (ROE) is the correct profit metric to evaluate the performance of a business. However, the primary emphasis on financial ratio analysis must be on operating performance. The “advanced” version of the DuPont model remedies the original model’s failure to cleanly separate the effects of operating and financing...
September 2016 - Journal of Accountancy
- Magazine
- September 2016
How to keep clients after an accounting practice sale
Client attrition is one of the biggest threats to the success of an accounting firm merger or sale. Buyers and sellers both have pivotal parts to play if they want to maximize the benefits and minimize the risks of the transition process.
Money laundering: Combating a global threat
International efforts to deter financial crime rely on CPAs to be vigilant and perform critical roles.
How the next CPA exam was developed
The updated CPA exam debuts on April 1, 2017. Here are seven things you need to know about the exam’s new focus and the work and research involved in the update.
Special depreciation: 3 choices present new options
Recent changes have given taxpayers three attractive options for taking deductions in the year property is placed in service, rather than having to depreciate the property over many years.
In-home caregivers: Answers to tax and nontax questions
As it becomes increasingly common for people to employ caregivers in their homes, it’s important to ensure that all laws are followed, from tax to immigration to labor.
Expanding your app-titude
A monthly look at apps and websites that can make the CPA’s job and life better. This month: Trello, Wrike, and Slack.
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