Big Boys Investing Into Accounting
From www.goingconcern.com: Blackstone has acquired a stake in Citrin Cooperman as part of a significant investment deal, following the firm’s earlier partnership with New Mountain Capital.… read more
Professional Practice
Breach reporting guidance
Reported by www.accountantsdaily.com.au: The Tax Practitioners Board recently issued guidance highlighting that tax practitioners must self-report significant breaches of the Code of Professional Conduct, even when these arise from errors in third-party software.… read more
IRS proposes banning contingency fees
From www.accountingtoday.com: The Treasury Department and the IRS have proposed significant amendments to Circular 230 that would ban contingency fees for tax return preparation and update provisions related to registered tax return preparers.… read more
Art of Accounting: Make 2025 your best year ever
From www.accountingtoday.com: To achieve growth in 2025, accounting firms should focus on providing more services to both existing and new clients.
Emphasizing organic growth from current clients can facilitate easier sales, while external growth can be pursued through marketing and client acquisition efforts.… read more
Mixed demand for advice roles in 2025
From www.professionalplanner.com.au: Demand for financial planning roles in 2025 remains mixed, with experienced advisers and client services positions being particularly challenging to fill.
Female advisers are in high demand due to their low representation in the industry, prompting firms to seek diversity in their adviser ranks.… read more
How to stop work from consuming your life
From www.journalofaccountancy.com: Work can take over your life, leading to feelings of overwhelm and disconnection from joy.
Shifting from a default state of being, which operates on autopilot and often focuses on negativity, to an experiencing state encourages mindfulness, clarity, and intentional living.… read more
TPB guidance to support tax practitioners
The Tax Practitioners Board issued new guidance to support tax practitioners in compliance with reforms to the Code of Professional Conduct, designed to enhance ethical standards and transparency.… read more
Short Guide to Executive Summaries in Expert Reports
From expertsdirect.com: An executive summary in an expert report provides a concise overview of the document, enabling time-poor decision makers to quickly grasp key points.… read more
AML/CTF is coming for accountants, real estate agents and lawyers.
From www.bwslawyers.com.au: The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 has been passed, expanding Australia’s AML/CTF regime to include services from accountants, lawyers, and real estate professionals.… read more
How to keep clients loyal and happy
Accountants can enhance client retention by demonstrating care through the “CARE” framework, which emphasizes credibility, appearance, reliability, and empathy – from bookmarklee.co.uk.
Building strong relationships is crucial, as many clients leave without expressing dissatisfaction; thus, showing genuine concern for their needs and preferences significantly influences loyalty.… read more
CPA Canada takes PM to task over remarks on accountants
From cpacanada.ca: Prime Minister Trudeau’s recent criticism of wealthy Canadians using accountants to lower tax payments has sparked a response from CPA Canada, emphasizing the ethical role of accountants and the need for a comprehensive review of the complex tax system.… read more
Tax planning – should you do it?
From bdo.com.au: Registered Tax Agents are required to adhere to the Tax Agents Code of Conduct and use legitimate methods to reduce tax liabilities for their clients, while companies must consider the long-term consequences of their tax planning strategies.… read more