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Since selling an accounting practice is such a rare event, sellers need to be aware of some key misconceptions about the process.

In New Jersey, restrictive covenants, including non-competes, remain enforceable. However, consistent with the national trend, New Jersey courts are becoming less inclined to enforce non-competes.

Varying state employment laws can complicate compliance with organizations having remote workers. Pay transparency laws are an illustrative example of the types of compliance issues presented.

CPAs may be stuck in the middle when it comes to the Employee Retention Credit (ERC), between a drooling client hungry for a cash refund and their due diligence responsibility before preparing and signing that tax return proposing a huge refund.

For CPA firm leadership and corporate CPAs in finance roles, there’s a balancing act between keeping clients/customers coming back, Gen Z enthralled and middle managers and partners satisfied.

Certainly, divorces cause enormous emotional upheaval; however, a good portion of any case will be focused on the numbers. Accountants play an important role in resolving a divorce.

A practice continuation agreement (PCA) assures an orderly, smooth transition that will provide substantial benefits to one's practice. It's important to know how to prepare one as well as the consequences of not having one.

During a panel presentation at the NJCPA Convention & Expo in June, emerging leaders discussed what they consider “green lights” for success and what they labelled “red lights” or issues to overcome.

Recognizing that CPA firms and advisories need to stay abreast of the latest marketing trends and human resources (HR) best practices to be successful, NJCPA hosted a Firm Operations Forum on Sept. 8.

The impact of AI and advanced software tools on accountants is undeniable, transforming their roles and responsibilities. Those who embrace lifelong learning and continuously update their skills will thrive.

ChatGPT can be useful for tax practitioners; however, it is important to remember that while it can offer valuable assistance, professional expertise and judgment still remain crucial in applying the information provided.

Private keys are extremely valuable; if they fall into the wrong hands, they can be used to steal or manipulate digital assets, as seen in the case of FTX. Find out what lessons can be learned from FTX.

Current and future AI tools, for the most part, will take over the “low-hanging fruit” — basic tasks and processes that do not require a human element. This will allow those accountants to focus on higher-level tasks.

Whether a business unit manager needs the latest information on time and attendance to streamline their scheduling process or a quick payroll audit by the HR manager to address a problem, analytics help make data accessible to business leaders.