Right from the Source- CPA Exam Advice from NASBA

“We are there in the trenches with you. If anything goes wrong, if you’re concerned about anything that happens prior to, during the exam, or after the exam, you can contact the department and we will work to come to a resolution for you.” –Peggy Vernon

“We are there in the trenches with you. If anything goes wrong, if you’re concerned about anything that happens prior to, during the exam, or after the exam, you can contact the department and we will work to come to a resolution for you.” –Peggy Vernon

The National Association of State Boards of Accountancy (NASBA) is the governing body that oversees the administration of the CPA Exam. While the organization may seem like it is torturing CPA candidates with a nightmare of bureaucratic rules, regulations, forms, and applications, it actually provides the valuable service of ensuring the integrity of CPA profession and protecting the public interest.

One NASBA department that every CPA candidate should get to know is the Candidate Care Department. Continue reading

Don’t Guess When It Comes to Worker Classifications

By Guest Blogger, James S. Anderson, CPA

JamesAnderson

James Anderson, CPA is a partner at Campbell Rappold & Yurasits LLP in Allentown, PA.

Classification of workers as employees or independent contractors has been a hot button issue with the IRS for several years, and is one of the most asked questions by small-business owners hiring workers for the first time. So let’s take a look at the guidelines the IRS uses, the different perspectives of the business owner and worker, and the ramifications of mistaken classifications.

Continue reading

Winning Strategies for Managing an Accounting Practice

What CPAs Can Learn from the Tour de France

dv843026On July 5, 198 riders from 22 teams embarked on the 21-day Tour de France cycling race that covers nearly 2,300 miles through four countries. The obvious goal is to finish first, but before the race begins – and along each stage – the teams will look at vital indicators among the riders and incorporate the findings into their race strategy. Similarly, accounting firms across the country are evaluating their teams this summer to uncover winning strategies by taking part in the 2014 Management of an Accounting Practice (MAP) survey.

The AICPA PCPS/TSCPA conducts this premier benchmarking study so firms can evaluate themselves and their competition. Practice management strategies and metrics can be used to identify strengths, weaknesses, and opportunities, and gain insight into building a more profitable and rewarding practice. Continue reading

Reflections on a PICPA Chapter Annual Meeting

By Guest Blogger, John Katona

John Katona

John Katona is an audit staff for Kreischer Miller, a regional accounting firm in Horsham, Pa.

I believe establishing connections adds a deeper level of significance to one’s professional and personal growth. When Kristin Seeger, our recruiting manager at Kreischer Miller, called and offered me the opportunity to network at the PICPA Greater Philadelphia Chapter Annual Meeting, I was ecstatic. She knew my interest in these events. The next morning, Stephen Christian, our managing director, passed me in the stairwell and wished me luck at the meeting. I later realized that I was his replacement as he was unable to attend at the last minute. Continue reading

How to Effectively Budget Your Money

By Guest Blogger, Nick Zagacki, CPA

BudgetTrackerExample

A good way to budget your money is through a budget tracker spreadsheet similar to this one.

Planning for your near or long term future can be a daunting task, but it is a necessity for financial security. Tracking your income and expenses are a good place to start. Here are a few steps to follow to assist you in creating a budget for your personal finances on a monthly basis: Continue reading

Take the Wildness Out of Investing: Diversify

By Guest Blogger, James D. Adelsperger, CPA, CFP®

James Adelsperger

Jim is a member of SF&Company’s Wealth Management Group in York, Pennsylvania. He has specialized in comprehensive personal financial planning for the past 12 years.

The stock market has been pretty quiet lately, but one never knows when volatility, or the degree of variation in stock prices, will increase. I’ve never met anyone who didn’t like volatility on the upside, but when stock prices decline rapidly, whatever the cause, it can be frightening.

There are, however, effective ways to minimize exposure to stock market volatility. Continue reading

Belong – Grow – Achieve: Much More Than a Tagline

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More than 100 college accounting students attended the PICPA Leadership Academy in Philadelphia on May 30.

A few weeks ago I had the privilege of addressing more than 100 students and recent graduates at the PICPA Leadership Academy. The Leadership Academy, now in its second year, played to rave reviews once again. The program provides outstanding networking opportunities and training to enhance professional skills critical to starting a career on the fast track.

I enjoy meeting and interacting with students and recent grads because they have an enthusiasm about beginning their careers that is contagious. We talk about the advantages of entering the profession at a time when so much change is occurring, as well as the challenges and opportunities that will be presented to them early in their career. Below is some feedback from Aimee Rosenbaum, one of our participants: Continue reading