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While attending the 2024 NJCPA Convention & Expo, Dr. Sean Stein Smith, CPA, sat down with two active NJCPA members - Joe Hunt, CPA, and Phil Sookram, CPA - to discuss trends in the profession and the value they get from attending the Convention with their peers.

SAS 143 has changed the auditor’s requirements around accounting estimates, largely as it relates to the uncertainty of the estimates and management’s bias. Brad, Frank, and Jay will discuss what auditors need to do and what management should expect.

Forbes recently made a splash when it published its inaugural list of the top 200 CPAs in the country. New Jersey was well represented on the list! But we wanted to dig a little deeper into how the honorees were selected and whether this list will be published annually. Hear what Steel Rose, CPA, senior editor at Forbes, revealed to us.

Getting a full picture of New Jersey’s financial status is challenging. It’s not just a matter of reviewing the annual budget. Thanks to recently signed legislation the NJCPA participated in drafting, this is going to become much easier. Audrey Lane, president of Garden State Initiative, talks with us about what type of information will soon be available and why it’s so important.

Every CPA, firm, company and organization across the country is seemingly taking steps to expand the accounting talent pool. In this episode we discuss one of the leaders of that effort: the Center for Audit Quality (CAQ), a nonpartisan public policy organization serving as the voice of U.S. public company auditors. Guest Liz Barentzen, Vice President Operations and Talent Initiatives with the CAQ, discussed Accounting+, a first-of-its kind, profession-backed campaign to actively engage high school and college students on the benefits of a career in accounting.

There are countless books and videos promising to tell you the secrets of leadership. But according to Dr. Sean Stein Smith, CPA and David Almonte, CPA, CGMA – and his seven-year-old daughter – there is no secret. In this episode, Sean and David break down how you can improve the leader within and develop your own unique leadership style.

In this episode, we unpack the importance of mental health in the modern workplace. Guests Ifen Donovan and Sarah Krom discuss the rising rates of stress and burnout and explore how companies can build a culture that prioritizes employee wellbeing. They also share actionable steps individuals can take to manage their mental health.

Nearly 1,000 business leaders recently gathered at the New Jersey Chamber of Commerce’s ReNew Jersey Business Summit to discuss the business climate in New Jersey and how to make it more competitive and attractive. Chamber President Tom Bracken shares the biggest takeaways and also discusses the business community’s reaction to Governor Murphy’s proposed 2.5% corporate transit fee.

Some say leaders are born, not made. But there are critical strategies and techniques anyone can use to unlock their leadership potential. Find out more in our conversation with Thomas Metelski, CPA.

We take a deep dive into several components of Governor Murphy’s $55.9 billion proposed budget for New Jersey’s 2025 fiscal year, including the controversial corporate transit fee. ​

Host Sean Stein Smith, CPA, welcomes Garrett Wagner, CPA, who shares his first-hand experiences with succession planning and provides tips and recommendations for firm leaders to ensure the successful continuation of their firms.

Selling a business involves meticulous planning and strategic actions long before the “For Sale” sign goes up. Accountants play a pivotal role in helping clients with initiatives that can significantly boost the value of their company over several years. NJCPA member Sal Schibell, CPA, discusses strategies aimed at maximizing a business’s value years before the sale.

The 150-credit-hour requirement for CPA licensure is the topic of much debate. We recently surveyed more than 1,000 NJCPA member about the topic. Hear what they had to say about whether new hires without 150 hours pursue CPA certification, whether there are any discernable skill differences among candidates with 120 hour versus 150 hours, whether there should be alternatives to the 150 hours, and more.

ESG – environmental, social and governance – is considered by some to be a buzzword or a “woke” issue, while others see it as a business imperative. As a result, some companies are “greenhushing,” opting to stay quiet about their sustainability goals. In this episode, Andrew Winston, a leading expert on sustainability and corporate strategy, talks about the anti-ESG movement and the important role that CPAs can play in ESG reporting.

It might seem like yesterday that the Tax Cuts and Jobs Act went into effect, but the expiration of some of the provisions is on the horizon. Find out about the key provisions that impact businesses and individuals that are set to expire in the next couple of years - and what can and should be done now to prepare. We also discuss what might happen with these provisions based on various possible outcomes of the November 2024 elections.

Senator Steve Oroho, the only CPA in the state legislature, is retiring from his Senate position this month. As a CPA who specializes in wealth management, he has played a particularly prominent role in fiscal and economic issues. He shares his thoughts on the legislative environment in New Jersey and what the outlook is for 2024.

Crypto expert Dr. Sean Stein Smith, CPA, provides numerous updates: crypto lessons and takeaways from 2023; new and pending regulations (FASB ASU, IRC Section 6045 changes); tips for staying current on crypto developments; and more.

The NJCPA's new CEO, AJ Johnson, joined the CEOs of the New York and Illinois CPA societies and Accounting Today’s Dan Hood for a discussion on the CPA pipeline, diversity and other trends impacting the accounting profession.

Year-end tax planning is upon us! Nicole and her guest, Laurie Smith, provide a rundown of tax issues individuals and companies should consider before the calendar switches to 2024. Topics include shifting income and deductions, retirement plan contributions and distributions, bonus depreciation, reporting digital assets, and more.

Brad and Frank discuss a recent accounting standard update from the Financial Accountant Standards Board regarding segment reporting as well as recent remarks from the PCAOB chair regarding improving audit quality.