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As persistent understaffing and greater pressures to report financial data increase in the accounting industry, accounting optimization and transformation is a viable solution. Several strategies can be implemented as best practices.

Internal controls aren’t an annual conversation but a daily one, best suited for clients’ year-round accounting support teams. There are several approaches to keep in mind in a virtual environment.

Whether or not a recession happens, there are important things to look out for on financial statements. Cash flow, total debt to total assets and purchase commitments are just a few of the items to keep in mind.

Corporate accountability is a significant concern of regulatory agencies, corporate shareholders and prospective investors, which makes accurate environmental, social and governance (ESG) reporting even more crucial.

Cryptoassets are here to stay, that much is widely agreed upon by developers, investors and policy­makers alike; firms and practitioners must be up-to-date on changes in accounting and regulatory treatment to best advise both current and future clients.

Many myths and mistakes have hampered Employee Retention Credit calculations. Here are the top five errors CPAs need to be aware of for proper due diligence.

Earned Wage Access (EWA) has been gaining in popularity over the last few years, originating in the gig economy and now becoming more commonplace. CPAs should be aware of it to advise accordingly.

The Tax Cuts and Jobs Act (TCJA) severely restricted the deduc­tion of litigation expenses where only the pursuit of profit and government defense remains deductible. Utilizing strategies like offering the plaintiff a structured settlement option opens avenues to reducing a client's litigation cost.

Many employers have transitioned to virtual recruiting and interview processes. While this has many benefits for both parties, it opens the door to some possible complications or challenges.

Well-constructed hiring processes can be the difference between failing to attract qualified candidates and finding the perfect fit for the organization. Here are some tips for achieving a great hire.

While there are laws in place to protect workers from discrimination, more work must be done to evoke lasting organizational DEI change.