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Successfully navigating a merger requires strategic planning, industry expertise and partnerships. Small accounting firms that refine their market position, embrace technology and establish thought leadership can negotiate from a position of strength.

To help ensure positive peer review experience, firms should place an emphasis on quality firm wide, and this should be communicated consistently to all staff. Your peer review can proceed more smoothly.

Amid the final $58.8 billion New Jersey budget signed by Governor Murphy on June 30, a New Jersey Society of Certified Public Accountants’ (NJCPA) survey of nearly 500 finance and accounting members taken in June found that they have a more pessimistic view of New Jersey’s economy for the second half of 2025 compared to the national economy.

More than 35 college students attended the 2025 NJCPA Convention & Expo on June 4 and gained career advice at the “Accounting for the Future” themed event. The students attend Caldwell University, Essex County College, Kean University, Middlesex College, New Jersey City University, Rider University, Rowan University, Rutgers University, Saint Peter’s University, Stockton University and William & Mary.

Client expectations aren’t rising — they’ve already risen. And the firms meeting them aren’t just delivering great work. They’re doing it faster with tools that make life easier for everyone.

Helping clients navigate resolution programs requires expertise and persistence. You need to assess each client's financial situation to determine the best strategy and be proactive with tax authorities to avoid liens and levies.

In today’s complex economic environment, CFOs must blend financial expertise with leadership, innovation and strategic vision to navigate uncertainty and foster long-term growth.

No one looks back and says, “I wish I had delayed my CPA Exam.” The CPA is your ticket to promotions, higher pay and job security. Lawyers take the bar exam. Doctors take board exams. Why spend years in school and stop short?

As the synergy between AI, technology and the accounting profession deepens, the potential for innovation and growth in this field is immense. One’s ability to successfully adapt to this quickly changing landscape will determine whether they become a forgotten commodity or a trusted advisor on the right side of relevance.

Bridging generational gaps and helping to motivate emerging leaders is a key component to elevating any organization. Utilizing five steps will help.

Think big and reach out to people in your network who may be able to mentor you. The time is now to build your leadership skills that align with your professional choices.

While the transformation of the accounting industry presents challenges, it has also brought significant benefits, such as increased job security and wage growth. It is essential that we embrace these changes and position ourselves as leaders. The next generation of CPAs will rely on us.

The New Jersey Society of CPAs welcomed John M. Szczomak, CPA, member of the firm at Smolin, Lupin & Co., LLC, as its 2025/26 president on June 1, replacing outgoing president June M. Toth, CPA, CFF, CITP, CGMA, principal at WilkinGuttenplan P.C.