Now is a Good Time to Re-Evaluate Clients

Many CPAs are still catching their breath after what may arguably be one of the more difficult tax seasons. It goes without saying that the Tax Cuts and Jobs Act (TCJA) which passed into law on December 22, 2017, (Pub. L. 115–97) was a “game changer” for the profession. Tax professionals have been tasked not … Read more

The Cyber-Saga Threat Continues

Like most CPAs, we have been watching the news unfold around the recent Wolters Kluwer (CCH) outage that began on Monday, May 6. According to their public statements, when the company discovered some “anomalies” in certain software platforms and applications, they proactively shut down their software platforms and applications and notified law enforcement. Although the … Read more

Harassment Prevention in the Workplace

By Emily Franchi The #MeToo, Time’s Up, and It’s On Us movements are continuing with full momentum, keeping harassment prevention in the forefront. Zero tolerance is the new norm, meaning employers are having their feet held to the fire to ensure employees are interacting respectfully and professionally. Thus far, 32 states have adopted various state-specific … Read more

California Consumer Privacy Act—Just the Beginning

With data privacy protection initiatives spreading across the U.S., it is important for CPA firms to continue developing a set of best practices to ensure the privacy and security of the personal information they collect, use, or store. While some CPA firms are still trying to get their arms around the compliance requirements associated with … Read more

Trustee-Related Claims Trends

Many clients look to CPAs as the natural choice for the role of “trustee” to manage the assets and carry out their clients’ wishes. For CPAs good at managing and minimizing the unique risk attributes of a trustee role, trustee work can be satisfying and rewarding. On the other hand, if CPAs underestimate trusteeship risk, … Read more