Author: Jaclyn Veno, CPA This article originally appeared in the Fall 2024 issue of the South Carolina CPA Report The AICPA’s National Pipeline Advisory Group (NPAG) initially began work in July 2023 to respond to the accounting talent shortage, which is currently one of the accounting profession’s most pressing issues. After extensive research, surveys, and stakeholder …
Author: Liz Peuster, CAE This article originally appeared in the Fall 2024 issue of the South Carolina CPA Report As CPAs embrace AI to streamline workflows, one truth stands out: the quality of your AI’s responses depends entirely on the quality of your prompts. Think of AI as a highly skilled intern—it has the knowledge but …
Author: David R. Peters, CPA, CFP, CLU, CPCU This article originally appeared in the Fall 2024 issue of the South Carolina CPA Report Building on the Foundation As we discussed earlier on, client relationships are built through continuous positive interactions. You build credibility slowly over time. One positive meeting builds on another. As it does, you …
Author: J William Strickland, CPA, MBA, JD This article originally appeared in the Fall 2024 issue of the South Carolina CPA Report On Thursday, September 19, the Columbia Internal Revenue Service office hosted a South Carolina Practitioner Liaison Meeting attended by a dozen or so CPAs from around the state. Evette Davis, the Senior Stakeholder Liaison, …
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
Beneficial Ownership Information reporting continues to take center stage in the Fifth Circuit Court. Last night, the Court vacated the motion to stay the injunction. According to a communication we received from the AICPA, this decision means that FinCEN no longer has the authority to enforce BOI reporting requirements at this time. You can read the …
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
Recent litigation has temporarily halted compliance with the Corporate Transparency Act (CTA), introducing new complexities for CPAs advising clients on Beneficial Ownership Information (BOI) reporting. On December 3, 2024, a federal court in Texas issued a nationwide preliminary injunction in Texas Top Cop Shop, Inc. v. Garland. This decision pauses the CTA’s reporting requirements and …
GFOA explores rethinking financial reporting to enhance usability and efficiency, addressing limited audience engagement with annual government financial reports.
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