Category Archives: Tips & Resources
The world of tax and accounting is changing rapidly, and with it, so is the landscape of continuing professional education (CPE). As technology continues to evolve, it is becoming increasingly important for tax professionals to stay up-to-date with the latest tools, techniques and trends in the industry. In this article, we will explore the CPE […]
As an enrolled agent, the tax season can be a stressful time of the year. With clients demanding services, and the need to be accurate and efficient with your services, the workload can be overwhelming. But it doesn’t have to be that way. With just a few tips and tricks, enrolled agents can manage their […]
Given the nature of accounting, it should go as no surprise that data and reporting are key elements of a sound practice. For beginner accountants, paying special attention to efficient and scalable reporting structures is even more paramount. Companies seek accounting reporting that provides valuable insights and drives strategic and tactical decision-making from risk management […]
The day before a deadline is not a good time to inform a CPA that they need more CPE hours to maintain certification. Yet many firms find themselves in these nail-biters. Even firms that think they have a system in place can stumble. These three simple tips keep your firm on track while yielding surprising […]
Networking is a skill you can and must learn. Networking expands your web of people to reach out to for advice, career opportunities, and professional growth. Nick Spoltore, Surgent’s VP of Strategic Content Development, states, “…We all know bringing in business will ensure long-term success. It is the definitive hallmark for advancement, and many would argue […]
On Nov. 10, the Financial Accounting Standards Board (FASB) considered a request for a further two-year delay in the effective date of ASC Topic 842, Leases, for entities which have not yet adopted the new standard. The board voted 7-0 to not provide an additional deferral of ASC 842’s effective date. With this decision, the […]
Perhaps I’ve over-hyped the title to this blog post a little by using the word “thriller.” However, if COVID-19 has relegated a planned summer vacation from a trip to the coast to wading in a backyard kiddie pool with your dog staring at you, you’re a little desperate for entertainment. Good news, since the new […]
The Increasingly Difficult Funding Issues Behind Long-term Care and College Saving
By Nick Spoltore, Esq.
Stressors abound in our increasingly hectic days. Two worrisome issues that seem to be front and center in our lives today are long-term care and paying for college. So here at Surgent, we decided to put together an informative webinar on these two emerging practice areas. They’re topics that represent increased billables among practitioners, yet […]
Data analytics and “big data” have become a game changer for internal auditing, as firms search for opportunities to provide more value to clients and respond to new regulations and increased pressure from stakeholders. Integrating data analytics into the internal audit approach isn’t easy, but the investment of time and money will help firms and […]
In recent years, a constant mantra of the AICPA’s peer review and technical staff has been that auditors are struggling with the risk assessment standards (primarily AU-C sections 315 and 330). Common deficiencies cited by the AICPA include: [1] auditors failing to gain an understanding of internal control when identifying the client’s risks; [2] incomplete […]
