is iasb/fasb “convergence” just a charade?

jim peterson

do latest developments suggest a slow death?

the gimlet-eyed jim peterson was never fooled.

why no-one has called the question on this endless charade reflects the two-level fantasy in the dialog: the iasb and the fasb both pretend to believe in the desirability of fully-converged accounting standards, and the community of financial statement issuers and users pretend to believe them.

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u.s. tax rates, 1916-2010

from visualizing economics, we see this spectacular depiction of the top marginal tax rates in the u.s., from 1916-2010, for personal income, corporate, and capital gains tax rates:

click to make ginormous. source: visualizingeconomics.com

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how any accountant can start selling in six easy steps

and why it’s not like selling used cars.

the days when cpas could leave rainmaking to the rainmakers are long gone. today, technical skills aren’t enough. even the most talented cpas must bring in new business to succeed. but it’s about trust and relationships. the same skills you use to do business are the same skills you use to get business. prospects evaluate how you’ll work by how you sell.

here are some tips for building relationships and developing business: read more →

why the widening gap among solo practitioners?

there’s a buzz this tax season about a deepening divide between high performing firms and the rest of the profession — interestingly: especially among soloists.

some solo practitioners are having a terrific season, others not. there’s no in-between. we’ve been wondering about the causes. and practitioners have been answering.

— rick telberg

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13 new rules for accounting marketing

alan vitberg
alan vitberg

adapt and grow. or don’t and you won’t.

by alan vitberg
vitberg llc

new rules about marketing and business development are at hand, and firms that adapt early are those that will grow, not unlike their predecessors who capitalized upon transformative changes that occurred over two decades ago.

here’s a “baker’s dozen” of those new rules that can transform your firm’s marketing and business development, and take it to new heights:

  1. start thinking about marketing as an investment, not just an expense.
  2. demand accountability from everyone. read more →