Why do so many CPAs put off retirement planning? Many CPAs fear losing control of their practice, losing income, or both. Fortunately, there’s an approach that addresses both concerns. Find out more in the fourth installment of the series, “CPA Firm Succession: Solidifying the Future.”
FROM CGMA MAGAZINE
Businesses are focusing more on reputational risk today than in the past. But many companies do not vigorously monitor social media and lack processes to calculate the financial impact of not managing reputational risk, according to a CGMA survey.
PROFESSIONAL LIABILITY UPDATE
CPAs routinely provide oral advice to clients. While professional standards generally do not require such advice to be documented, the experience of the AICPA Professional Liability Insurance Program demonstrates that undocumented advice weakens the defense to a professional liability claim.
PROFESSIONAL ISSUES / INTERNATIONAL
As more U.S. companies rely on sales generated in China, CPAs working for and with multinationals need to become comfortable with the business culture and customs in the world’s second-largest economy.
TAX / INTERNATIONAL
Help multinational business clients traverse these high-compliance-risk provisions while managing tax-book differences.
TAX / PERSONAL FINANCIAL PLANNING
Investing in self-directed IRAs has become popular recently. This article examines the tax and compliance risks investors face when they invest in nontraditional areas without the knowledge they need to protect themselves.