PCPS News

The following online publications are among the many benefits to AICPA Firm Global Connection membership. They cover news, topics and developments related to practicing CPAs in firms of varying sizes. Here you’ll find news and articles on best practices in firm practice management, as well as developments in accounting, auditing, compilation/review, ethics standards and more.

Practicing CPA Feature Focus: Keep Calm and Carry On

The feature focus article in the January issue of The Practicing CPA e-newsletter provides tips for the 2016 busy season. The article provides ideas on how to keep calm during busy season stress and highlights solutions to common busy season mistakes.  The article also highlights the PCPS Busy Season Calendar, the Tax Practitioners Toolkit, 1040 Tax Return Status Updates, Identity Theft Resources, the PCPS Exploring SSARS No. 21 Toolkit, and the Practitioners Symposium and Tech+ Conference.

Firm Size: Sole Practitioners, Small Firms, Medium Firms, Large Firms

Is Your Firm Getting Crushed by Workload Compression?

Workload compression: unfortunately, it’s a new reality in today’s firms. In this issue of Feature Focus, we are going to take a closer look at workload compression. We will start by highlighting key insights to help you gauge how your firm stacks up. Then offer proven strategies you and your colleagues can put to work in keeping it...

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Firm Size: Sole Practitioners, Small Firms, Medium Firms, Large Firms

Shoes Key to Busy Season Success

My dad was a shoe salesman and entrepreneur. He taught my brothers and me how to sell shoes. I financed college selling shoes. My brothers did too. Then, unlike our dad, we became CPAs. Selling shoes taught us many things. We learned about problem solving and adapting to trends. Most importantly, we learned that it’s not really about shoes at...

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Firm Size: Medium Firms

The New Reality of Succession Planning

“Why do I need succession planning?
I’m very alert. I’m very vibrant. I have no intention to retire.”
- Sheldon Adelson

Yes, it is a bit daunting to be sharing the latest succession planning news with such an illustrious group of planners. For starters, you totally understand...

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Firm Size: Sole Practitioners, Small Firms, Medium Firms, Large Firms

Malicious Malware and Methods to Mitigate the Risk

The greatest strength of the internet is also its greatest weakness. Sitting at a keyboard, you can quickly access vast and valuable resources which are available at your fingertips. However, unless you are very careful, malware may tag along for the ride. Consider this scenario:

You are at work perusing email and...

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Firm Size: Sole Practitioners, Small Firms, Medium Firms, Large Firms

Turn Up the Volume on Social Media

“We don’t have a choice on whether we do social media, the question is how well we do it.”
- Erik Qualman

Like it or not, social media has become a mainstay on the professional landscape. The good news is social tools such as the firm’s website, Twitter feed, blog, Facebook page and...

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Firm Size: Sole Practitioners, Small Firms, Medium Firms, Large Firms

Why Tax Season Is My Favorite Time of Year

I’ve practiced public accounting for over 30 years. I was a tax partner in a regional firm before launching my own boutique tax practice in Santa Fe, N.M. a few years ago.

Tax season is when I have the most contact with my clients. I love learning about what they’re doing and helping them find the best solutions to their concerns. We...

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Firm Size: Sole Practitioners

Tax Season and Cupcakes

What do tax season and cupcakes have in common? Not much according to my life experience! Over the course of my 33 years in our firm, I’ve raised three kids and they always knew that Mommy didn’t make cupcakes from January 1 to April 15. But cupcakes were a priority once the last return was filed.

Now my children are grown and I’m the...

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Firm Size: Small Firms

Embed Business Development into Busy Season or Bust

I took over as managing partner of Brown Smith Wallace on January 1, 2016, after leading the firm’s audit practice for 10 years. We have three offices in the St. Louis area and a total head count of 280 and growing.

We serve private companies with traditional audit, accounting and tax services and provide many of the St. Louis area’s...

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Firm Size: Large Firms