PAGE HEADING

The following are real-life claims asserted against CPAs in the AICPA Professional Liability Insurance Program. Take note of lessons that were learned the hard way regarding a lack of engagement letters.

As ASC 740 evolves to address the latest business trends and challenges, staying informed and proactive on income tax reporting remains paramount for companies striving to effectively navigate the rapidly shifting terrain.

Both seasoned professionals and novices benefit from expert guidance and reliable sources to bridge the knowledge gap for taxation issues.The ability to conduct effective tax research is crucial for success.

Through our combined efforts at the NJCPA annual volunteer day at the Community FoodBank of New Jersey, we packed 2,304 one-pound bags of pasta, which will contribute to 1,920 meals for individuals in New Jersey. That was a success on many levels.

By starting early on year-end plans, firms will have more-efficient busy seasons and will increase chances of hitting their goals. Management should update strategic plans in relation to market expansions, mergers and acquisitions, and medical, retirement and other benefits.