ACCOUNTING, AUDITING & ATTEST SERVICES

How CPAs Can Prepare for Accelerating Tech Changes
 

How CPAs Can Prepare for Accelerating Tech Changes

Posted: October 21, 2019
Technologies such as machine learning systems, advanced robotic process automation and blockchain-style distributed ledgers are poised to disrupt the CPA profession. AICPA fall Council guest speaker Jeffrey Rogers said the changes also present opportunities for CPAs who are receptive to reimagination, reinvention and lifelong learning.

IRS Issues Additional Guidance on Tax Treatment of Virtual Currency
 

IRS Issues Additional Guidance on Tax Treatment of Virtual Currency

Posted: October 9, 2019
The IRS has provided additional detailed guidance to help taxpayers better understand their reporting obligations for specific transactions involving virtual currency. The new guidance includes Revenue Ruling 2019-24 and frequently asked questions.

Thinking Advisory: What CPAs Need to Consider
 

Thinking Advisory: What CPAs Need to Consider

Posted: August 1, 2019
Despite all of the discussion about how important it is for CPAs to make the pivot to advisory services and become more of a strategic business partner and advisor, it can be difficult for firms and practitioners to identify just what specific steps should be taken to turn this concept into reality.

8 Fast-Growing Service Areas for CPAs
 

8 Fast-Growing Service Areas for CPAs

Posted: August 1, 2019
Savvy CPA firms are taking advantage of opportunities to expand their services and quickly deliver more value. International reporting, cannabis guidance, environmental management, and sports and entertainment taxation are among the areas CPAs are enjoying early success in.



Current and Future Applications of Cryptocurrencies
 

Current and Future Applications of Cryptocurrencies

Posted: June 19, 2019
Bitcoin may have been the way that many CPAs and financial professionals were intro­duced to cryptocurrency, but that is just one of thousands of cryptocurrency options avail­able in the marketplace.