5+ day, 20+ hour ago   (911+ words) An AICPA survey conducted in 2020 found that 26% of single owners and sole practitioners were planning to retire within the next five years. Today those partners have either hung up their hats and left a critical role to be filled, or…...

1+ week, 2+ day ago   (266+ words) Confronted by a chronic talent shortage, fee compression and ever-increasing workloads, more U.S. accounting firms are turning to offshore talent. In earlier columns I've talked about the payoff from offshoring when it's done patiently and correctly. But there are some things…...

2+ week, 4+ day ago   (737+ words) An advisory firm owner told me something a few weeks ago that has been stuck in my mind ever since: "Kyle, most firms are aircraft carriers. They're too slow. We're more of a pirate ship." He was joking, mostly. It…...

3+ week, 5+ day ago   (498+ words) The Securities and Exchange Commission today announced that it proposed new rules, titled “Regulation Crypto Assets,” that would create a clear and fit-for-purpose framework for certain investment contracts involving crypto assets. This proposal follows… Official websites use.gov Secure.gov…...

1+ mon, 1+ week ago   (329+ words) The Securities and Exchange Commission today announced it is establishing a new specialized unit within the Division of Enforcement to provide the dedicated expertise, focus, and capacity to pursue accounting and financial reporting fraud cases as well… Official websites use....

1+ mon, 2+ week ago   (310+ words) Even if it's just to keep up with inflation, every accounting firm wants to grow its revenues from year to year — and most want to do much more than keep up with inflation. That can be difficult, though, in an…...

1+ mon, 4+ week ago   (648+ words) People often ask me if I'm afraid that artificial intelligence will make offshoring obsolete. It's not going to make offshoring obsolete; it's going to supercharge it. The biggest challenges of offshoring — time zones, cultural differences and communication barriers — are exactly…...

2+ mon, 3+ week ago   (479+ words) Are you under pressure to improve margins so you can keep pace with private equity-backed competitors? Are you constantly feeling swamped? Are you finding it harder to recruit and retain good talent? Is client response time lagging? Then you might…...

2+ mon, 3+ week ago   (724+ words) Good ideas can come from anywhere, especially when informed by real world experience, a fact that some firms are leveraging to source new solutions from field staff, which serves to rapidly expand their available tools and upskill their professionals. While…...