1 – what is my first reaction to being asked to work outside of my normal hours?
2 – how well do i understand the history and ethos of this firm and do i appreciate what the current partners have had to do to get this firm to where it can afford to pay me today? read more →
public accounting has long had a reputation for being slow to change, but in the world of audit, that pace has been glacial. chris vanover, cpa, founder and president of cpaclub (formerly auditclub), is here to challenge that status quo. in this episode of the disruptors, vanover shares how he’s rebuilding audit from the ground up—ditching billable hours, crushing burnout, and making accounting cool (and flexible) again.
and the transformation doesn’t stop with audit. cpaclub has expanded into tax and advisory, now offering a broader array of subscription-based solutions for cpa firms.
koziel says to look beyond the cpa for new answers.
koziel: ‘with the variety of skill sets needed in a growing practice, looking outside of those letters seems necessary.’
by seth fineberg
at large
one thing that’s clear from the annual aicpa & cima engage conference (arguably the largest in the profession) is that the association’s new leader, mark koziel, has much on his plate.
for years, the cpa brand, its value, and the profession it stands for have been challenged, to say the least. in his first year as the institute’s leader, its membership made its needs abundantly clear to him. more importantly, it appears there is much support behind him to see that they are addressed.
to be fair, it is not on one person or one institutional body to fix all of the profession’s issues. but advocating and addressing the most glaring challenges, especially given membership fees and the seemingly long-standing fact that approximately half of those who hold the cpa credential are either not aicpa members or don’t necessarily support what they do, is no small task. this is where koziel, a long-standing member, small-firm advocate, and head of the allinial global firm association, can shine.
get ready for more unhappy clients and tougher conversations.
identity theft victim assistance (idtva) workload
pending idtva cases
387,000
average resolution time
602 days
percent of affected taxpayers below 250% of federal poverty line
69%
pending cases and processing delays stress hundreds of thousands of taxpayers financially.
by 卡塔尔世界杯常规比赛时间 research
the internal revenue service is taking an average of 20 months to resolve identity theft cases, leaving hundreds of thousands of taxpayers in financial limbo, disproportionately harming low-income households and straining the resources of cpa firms and tax professionals.
for tax professionals, the stakes are high and the immediate need is clear: set client expectations, document communication with the irs, and explore hardship cases that might qualify for expedited handling. at the policy level, the delays are fueling calls for funding, automation, and clearer transparency metrics from the irs.
“victims entitled to refunds are waiting nearly two years to receive them,” collins says. “these delays disproportionately affect vulnerable populations dependent on their refunds to meet basic living expenses.”
julie johnson, cima, cfp, is the founder and chief engagement officer of xy communication and a former senior vice president with ubs. she helps financial professionals to increase engagement with existing clients, prospects and peers by improving their ability to communicate, connect, and build trust and loyalty.
the insurance network for fiduciary advisors reported that 96 percent of clients are looking for wealth transfer advice from their advisors while they’re still alive, but fewer than one in four (25%) of financial professionals provided it to their clients.
so many financial professionals have told me it’s not their job to hold clients’ hands during the emotional challenges of death, divorce, inheritance. “they hire us to take care of their financial goals and challenges, not be their therapist,” advisors tell me again and again. this comment, and multiple variations of it, are what i hear often after speaking or writing on this topic.
that disconnect is your opportunity as a cpa! read more →
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