Journal of Accountancy Podcast
The Journal of Accountancy podcast discusses the key issues facing the accounting profession.
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Hiring best practices: How to succeed in a competitive labor market
01/09/2025
Hiring best practices: How to succeed in a competitive labor market
What’s the future of fully in-office work? What’s the hiring outlook for finance and accounting roles in 2025? Steve Saah, the executive director of the finance and accounting permanent placement practice at Robert Half, tackles those and other questions in this episode of the Journal of Accountancy podcast, recorded in December in San Diego. Saah discusses how companies have to walk a fine line when it comes to requiring in-office minimum hours or days – and how that tightrope can affect the pay they offer new employees. The episode is the first of 2025 and the second from the Future of Finance Summit. In the first summit-focused episode, looked back on what they learned and ahead to their expectations for 2025. What you’ll learn from this episode: · Saah’s assessment of the future of fully in-office work. · The tie-in between required time in an office and recruiting new hires. · How the amount of time agreed upon to spend in the office could affect a new hire’s pay. · Is the annual employee review a thing of the past? · The hiring outlook for finance and accounting professionals and the in-demand skills for those roles.
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Seeing the future: 4 CPA leaders look ahead to 2025
12/19/2024
Seeing the future: 4 CPA leaders look ahead to 2025
Last week in San Diego, a group of 165 finance leaders convened for the fourth Future of Finance Summit. This JofA podcast episode is a compilation of takeaways from the event and a look at key areas of focus for leaders in 2025. It is the first of several Future of Finance recordings. The speakers for this episode are: n Tom Hood, CPA/CITP, CGMA, AICPA & CIMA's executive vice president–Business Growth & Engagement n Kimberly Ellison-Taylor, CPA, CGMA, the CEO of KET Solutions and former AICPA chair n Becca Shane, CPA, CGMA, the CFO of Blue Marlin Ventures n Okorie Ramsey, CPA, CGMA, vice president–Sarbanes Oxley at Kaiser Permanente and former AICPA and Association of International Certified Professional Accountants chair What you’ll learn from this episode: · More about Tom Hood's summation that the event "leveled up." · The top priorities of finance leaders, based on polling last week at the Future of Finance Summit. · Why Kimberly Ellison-Taylor says she’s looking forward to “clarity” in 2025. · Why the phrase “feed forward” and an emphasis on positivity resonated with CFO Becca Shane. · Okorie Ramsey's focus on the talent pipeline and relevance. · His explanation of the profession’s need to “tell a better story.”
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Farewell Q&A as CEO: Melancon talks retirement, passion for profession
12/12/2024
Farewell Q&A as CEO: Melancon talks retirement, passion for profession
It’s no secret anymore: Barry Melancon, CPA, CGMA, is retiring as CEO of AICPA & CIMA. He was first named CEO of the AICPA nearly 30 years ago, and he leaves the now global organization with a . His last official day is Dec. 31, and , CPA, CGMA, is his successor. In this episode of the JofA podcast, recorded earlier this week at Digital CPA in Denver, Melancon explains why he’s not counting down the days of his tenure, why there likely will be more recreation in his future, and why he expects he will “still wake up every day and think about the profession.” What you’ll learn from this episode: · Why Melancon hasn’t been counting the days until his tenure as CEO ends. · His “stellar” assessment of how he will transition into retirement. · His relationship over the years with incoming CEO Mark Koziel, CPA, CGMA. · The “unsettled” nature of the world and how accountants can help. · Why Melancon prioritized the profession and the members before thinking of the organization. · The “humbling” messages he has received.
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A change in optimism about the US economy
12/05/2024
A change in optimism about the US economy
The potential for less regulation is one factor driving optimism among CPA decision-makers in a quarterly survey, according to Ken Witt, CPA, CGMA, AICPA & CIMA associate director–Management Accounting Research and Development. Witt joined the JofA podcast to discuss fourth-quarter results of the Business and Industry Economic Outlook Survey — statistics that were dramatically different from . The executives are mostly optimistic about the domestic economy in 2025. They also have a brighter outlook as it relates to their own organizations, although that increase since the third quarter was more muted. What you’ll learn from this episode: A breakdown of the quarter-over-quarter change in optimism. What challenge returned to its familiar top spot in this quarter’s survey. The reasons that optimists and pessimists feel the way they do, according to Witt’s analysis. The hiring outlook for 2025.
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2025 tax preview: Perspective from an AICPA tax policy advocate
11/21/2024
2025 tax preview: Perspective from an AICPA tax policy advocate
Melanie Lauridsen, vice president–Tax Policy & Advocacy for the AICPA, reflected on how election results might inform future tax legislation and why any change in administration and tax policy can make it more difficult for practitioners seeking clarity. Lauridsen also discussed advocacy related to beneficial ownership information (BOI) reporting and what might change related to IRS funding, the corporate tax rate, and more in this episode of the Journal of Accountancy podcast. What you’ll learn from this episode: · An update on AICPA advocacy related to BOI reporting relief. · Why Lauridsen expects any changes to the expiring provisions of the Tax Cuts and Jobs Act (TCJA) to be “hybrid” — as opposed to all TCJA provisions becoming permanent. · Discussion about the future of the deduction limit for state and local taxes, aka the SALT cap. · The fate of IRS funding from the Inflation Reduction Act — and why a “rebalance” might be possible. · Lauridsen’s summation that 2025 “is a huge tax year.”
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Future leaders, be advised: ‘What got you here … won’t get you there’
11/14/2024
Future leaders, be advised: ‘What got you here … won’t get you there’
Tom Hood, CPA/CITP, CGMA, executive vice president–Business Growth and Engagement at AICPA & CIMA, understands why accounting skills are often ranked outside the top five of key skills in informal polling of finance audiences. “It’s not because they're less important, but because the other skills are more important,” Hood said. The core requirements remain, but the ability to adapt and add new skills has grown in importance with the pace of transformation accelerating. In this episode of the JofA podcast, Hood expands on some recent themes of his travels and what he looks forward to from the Future of Finance Summit in December. What you’ll learn from this episode: · Why mindset is more important in transformation than the toolset of technology. · Details of a recent report about skills from the Pennsylvania Institute of CPAs. · The skills that rank ahead of the “table stakes” of technical accounting skills. · Why it’s important to “grab these new skills.” · The new way that Future of Finance Summit attendees will get a summary of the event.
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Driving better savings discipline and loving the work you do
11/07/2024
Driving better savings discipline and loving the work you do
Stig Nybo is not afraid to admit that he’s made mistakes. He’s also happy to have been part of a movement that improved the thinking around retirement savings. Nybo, a keynote speaker at the , a Dec. 4-5 virtual event, co-wrote the book Transform Tomorrow: Awakening The Super Saver in Pursuit of Retirement Readiness. In this episode of the JofA podcast, Nybo talks about finding passion at work, why attempts to fix things can lead to breaking other things, and the “entire ecosystem” that’s aiming to drive better retirement-savings habits. What you’ll learn from this episode: · The circumstances that led to Nybo co-authoring a book emphasizing saving for retirement. · The 2019 JofA that Nybo interviewed for his book. · Why his message is about more than saving, creating retirement plans, or auditing such plans. · Why he agrees with the words of Mark Twain when it comes to career choice. · The issues Nybo and others aimed to fix related to retirement saving – and what got “broken” in that process.
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How auditors can demystify transformative technology
10/31/2024
How auditors can demystify transformative technology
Digital disruption is everywhere, including in the practice of internal audit. An audit leader joined the JofA podcast recently to discuss how technology can be harnessed instead of feared or resisted. Anthony Pugliese, CPA/CITP, CGMA, president and CEO of The Institute of Internal Auditors (IIA), said it is understandable for fast-moving technology to be daunting. But such technology presents opportunities as well as risks. One tie-in is the new tools’ ability to attract the next generation of talent for auditing. In this episode, Pugliese reviews recent IIA research, reminds auditors about the importance of curiosity, and discusses some of the misconceptions facing the profession. What you’ll learn from this episode: · Highlights of recent research by The IIA about top risks. · Some of the “misconceptions” about internal auditing, according to Pugliese. · How the “slow trek” of blockchain integration into processes differs from today’s tech implementations. · The “most golden thing” auditors can do. · A reminder of the timeline for adoption of international auditing standards.
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Advice for future CFOs: One communication skill that sets you apart
10/24/2024
Advice for future CFOs: One communication skill that sets you apart
Scott Simmons is co-managing partner at the firm Crist Kolder Associates. In more than two decades handling executive searches for clients, he’s seen the qualifications for the CFO role change dramatically. The pressure on CFOs to deliver value has also grown. While some skills remain constant, of course, so do the paths to landing a CFO role. In this JofA podcast episode, Simmons takes listeners through some of the recent statistics in the firm’s annual Volatility Report, discussing the importance of escaping one’s comfort zone and developing new skills to be in line for a job as finance chief. What you’ll learn from this episode: The number of CFOs at larger companies who have Big Four accounting backgrounds. The companies and C-suite positions Crist Kolder tracks in its annual Volatility Report How candidates can develop CFO skills without first becoming a CFO. Why an investor relations rotation should be something aspiring CFOs “jump” to accept. The major college athletics conference that has produced the most CFOs in companies tracked in by Volatility Report.
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Analysis, clarity, and a quiz: A preview of the National Tax Conference
10/17/2024
Analysis, clarity, and a quiz: A preview of the National Tax Conference
In less than four weeks, IRS officials and tax practitioners will gather in Washington for the . The event begins six days after Election Day, when it’s possible there will be clarity about election results and about the future of tax legislation. On this episode of the podcast, two speakers closely tied to the conference explain what it will offer attendees, detailing specifics. April Walker, CPA, CGMA, is lead manager–Tax Practice & Ethics at AICPA & CIMA, and Brandon Lagarde, CPA, J.D., LL.M., is chair of the event’s planning committee. Walker hosts the . Also, a new AICPA & CIMA CEO was named Wednesday. is mentioned at the start of the episode. What you’ll learn from this episode: · What Lagarde and Walker look forward to about this year’s conference. · The potential for learning more during the conference about the future of the Tax Cuts and Jobs Act. · The reasons Lagarde called the event “the most important conference” for tax practitioners. · A look ahead to a session on transforming tax practices to include year-round advisory services. · The topics in a quiz-focused session on tax ethics. · Why Lagarde says attendees shouldn’t worry about attending one concurrent session over another.
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The value of connection: Reflections of an advocate for women
10/03/2024
The value of connection: Reflections of an advocate for women
Alicia Antonetti-Tricker, a principal at Crowe LLP, remembers a time when she saw very few women in leadership roles in the accounting profession. Whether barriers were real or perceived, she said, “there were barriers for women advancing in the profession.” Today, that’s changing, and events such as the AICPA & CIMA , which is in November in Bellevue, Wash., have helped to continue the momentum for women ascending to accounting leadership roles. In this podcast episode, Antonetti-Tricker discussed highlights of a session she took part in last year, one she says typifies . She also touched on some of the initiatives Crowe has put in place and why finding advocates and allies is important for women to continue to advance to leadership roles. What you’ll learn from this episode: · What stuck out to Crowe’s Alicia Antonetti-Tricker about meetings nearly 30 years ago. · The value of powerful connections in helping to grow the number of women in leadership roles in the profession. · A look back at a session that is typical of the AICPA & CIMA . · A by-the-numbers look at progress made related to women in leadership positions. · Why Antonetti-Tricker keeps coming back to the summit.
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Never give up: A CFO tackles tech implementation and triathlons
09/26/2024
Never give up: A CFO tackles tech implementation and triathlons
Becoming a CFO isn’t easy. Neither is completing an iron-distance triathlon. Janice Stucke, CPA, is doing both, and she relies on accounting skills to improve in triathlon and applies triathlon persistence to her role as finance chief. Stucke is the CFO of CREW Network, the acronym standing for Commercial Real Estate Women. In this JofA podcast episode, Stucke shares her somewhat unconventional path to becoming a CPA, how she developed interest and expertise in technology implementations, and how she has dealt with panic-inducing moments. What you’ll learn from this episode: · Stucke’s nontraditional path to becoming a CPA. · What “your comfort zone will kill you” means for Stucke, who is preparing to compete in a 140.6-mile Ironman triathlon: 2.4-mile swim, 112-mile bike, and 26.2-mile run. · How Stucke has navigated fear and anxiety before and during competitions. · Time management and other prioritization advice. · Details on the spring 2025 CFO Conference.
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JofA highlights: Tackling accounting’s talent shortage, ChatGPT tips
09/19/2024
JofA highlights: Tackling accounting’s talent shortage, ChatGPT tips
Jeff Drew, the JofA’s editor-in-chief, is the guest on today’s episode, the 400th in the history of the JofA podcast. He’s recapping for listeners some of the top articles of the summer and looking ahead to content in future issues. Drew, a former JofA senior editor and manager with the AICPA's Private Companies Practice Section, has focused on content for the daily and monthly magazines for more than a decade. He reviews or previews coverage on numerous topics, including of AICPA & CIMA CEO Barry Melancon, CPA, CGMA. Resources September JofA: | Articles (HTML links) Summer feature articles · · · · · Technology Q&A · · · · · · Professional Liability Spotlight Issue links: August | July | June | Podcast episodes: If you have article ideas or other magazine feedback, you can reach Drew at . What you’ll learn from this episode: · The “incredible range of backstories” in an article focusing on sole practitioners and sole proprietors. · The focus of several recent Technology Q&A articles. · Highlights of a summer Professional Liability Spotlight article. · The link between Barry Melancon and Muhammad Ali. · A preview of the October digital edition of the JofA.
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AICPA chair: Why change is good, and needed, for the profession
09/12/2024
AICPA chair: Why change is good, and needed, for the profession
Carla McCall, CPA, CGMA, managing partner of the firm AAFCPAs, began her one-year term as AICPA chair in May. In this JofA podcast episode, she said that “whirlwind” was a good description of the first few months in the role, “but in a good way.” “If you truly love what you do, somehow it doesn't seem so arduous and it goes by real quick,” McCall said, labeling interactions with numerous people in the profession as “rewarding.” In this episode, McCall reflects on what she’s learned about herself, why her firm has benefited from her “front-row seat,” and her message to accountants about doing their part to grow the talent pipeline. Resources n McCall’s on the show n More about McCall’s as AICPA chair and AICPA & CIMA co-chair
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What replaced inflation as the top challenge for finance leaders
09/05/2024
What replaced inflation as the top challenge for finance leaders
Ken Witt, CPA, CGMA, AICPA & CIMA associate director – Management Accounting Research and Development, discusses in this JofA podcast episode the reasons that finance executives in a continue to lower their optimism about the U.S. economy. He also reveals what CPA decision-makers now view as their organization’s top challenge. For the first time in a long time, it’s not inflation. On the , Witt noted that inflation “seems to be settling out a little bit.” This quarter’s survey data shows that was an accurate assessment, as inflation concerns are diminishing somewhat. What you’ll learn from this episode: · Details about Witt’s assessment of this quarter’s results as “interesting.” · The surprising parts of the third-quarter data. · Updated projections for revenue and profits in the coming 12 months. · How election-year uncertainty is affecting CPA decision-makers’ business forecasting efforts. · The percentage of finance executives who say that a potential lowering of the federal funds rate would have a favorable impact on their business.
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Chasing the right things: Keynote speaker’s keys to contentment
08/29/2024
Chasing the right things: Keynote speaker’s keys to contentment
In about two months, Corey Ciocchetti will deliver a keynote session at the AICPA & CIMA . He previewed that session in this episode of the Journal of Accountancy podcast. In the conversation, Ciocchetti discusses how he chose what law school to attend, why his more recent presentations mention the importance of civil discourse, and what he remembers about a speech by the founder of a prominent mutual fund company. What you’ll learn from this episode: · Why he thinks people have a hard time prioritizing friendships and pursuing a sense of contentment. · His decision on where to attend law school and that decision’s link to a different at an AICPA & CIMA event. · What the phrase “real rabbits” means to Ciocchetti. · Ciocchetti’s recall of one early student interaction that changed how he viewed audience engagement.
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Potential effects of Loper Bright and Corner Post on tax practitioners
08/22/2024
Potential effects of Loper Bright and Corner Post on tax practitioners
On this episode of the JofA podcast, Melanie Lauridsen, vice president–Tax Policy & Advocacy for the AICPA, explains some of the tax-related repercussions of recent Supreme Court decisions. One case could have a dramatic effect on future rulemaking, and the other could have a decades-long retroactive effect. On June 28, the Supreme Court overturned its decision in Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc., 467 U.S. 837 (1984), holding that the Administrative Procedure Act (APA) requires courts to exercise their independent judgment in determining the meaning of statutory provisions, and courts may not defer to an agency's interpretation of the law just because a statute is ambiguous ( v. Raimondo, No. 22-451 (6/28/24)). On July 1, the Supreme Court decision expanded the time frame to sue federal agencies, holding that the six-year statute of limitation for lawsuits challenging regulations does not start to run until a plaintiff is injured by final agency action (, Inc. v. Board of Governors of the Federal Reserve System, No. 22-1008 (7/1/24)). What you’ll learn from this episode: · Background on the Loper Bright and Corner Post decisions. · Why Lauridsen said that one of the rulings was unexpected. · Why Sec. 6045 broker regulations could now be “vulnerable.” · The reasons that, according to Lauridsen, the Loper Bright decision will not likely affect beneficial ownership information reporting requirements. · How legislators on Capitol Hill have reacted to the decisions.
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Lessons learned, future in focus: Melancon looks back and ahead
08/15/2024
Lessons learned, future in focus: Melancon looks back and ahead
Barry Melancon, CPA, CGMA, was named the leader of the AICPA when he was in his mid-30s. Now, in his as CEO of AICPA & CIMA, he discusses the events that challenged the profession, risks that could be obstacles in the future, and why he’s optimistic about the role accountants play. In this conversation, the second of two parts, Melancon challenges the notion that the profession is slow to change, explains why trust will continue to be important, and emphasizes the importance of speed and competencies in continuing to evolve. Listen or read . What you’ll learn from this episode: · A quick summary of the topics in part 1 of the conversation. · Why Melancon believes the word “passion” would be used to describe him. · What Melancon called “the most tumultuous period” of his career and how he viewed the profession’s emergence from that era. · Why speed will be important in the continued transformation of the accounting profession. · His thoughts on the “competency evolution” of accountants just entering the profession. · Melancon’s contention that it’s “naïve” to think artificial intelligence will not affect jobs.
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A matter of trust: Melancon reflects on nearly 30 years as CEO
08/08/2024
A matter of trust: Melancon reflects on nearly 30 years as CEO
Barry Melancon, CPA, CGMA, was named leader of the AICPA when he was in his mid-30s. Now, in his as CEO of AICPA & CIMA, he discusses his background and upbringing, his unlikely path from rural Louisiana to speaking to leaders around the world, and why he puts extra emphasis on trust. Part 2 of the conversation, recorded in July, will be published next week. Below are links to the previous two-part discussion with Melancon, episodes that were published in December and January: n n What you’ll learn from this episode: · More from Melancon about what he calls “a great journey.” · His assessment of how the profession has changed since the mid-1990s. · Some of the skills learned during his tenure as CEO. · Why he says the world is “devoid of trust.” · A preview of topics discussed in Part 2 of the conversation, scheduled to publish next week.
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‘Time is of the essence’: Next steps after the NPAG report release
08/01/2024
‘Time is of the essence’: Next steps after the NPAG report release
The National Pipeline Advisory Group published its final report on talent solutions for the accounting profession, and the group’s chair, Lexy Kessler, CPA, CGMA, joins the Journal of Accountancy podcast to hit on the high points. Kessler is AICPA vice chair and also mid-Atlantic leader for the firm Aprio. In this episode, she shares next steps for the profession. What you'll learn from this episode: An overview of the six major themes of the report. How a “plethora of perspectives” came together to address solutions for the pipeline issue. Details about addressing the time and cost of education. An explanation of the three E’s that represent the components of CPA licensure. What’s next as the recommendations move from paper to practice. How CPAs and educators can take the Pipeline Pledge.
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Tech adoption at light speed: Balancing euphoria with cynicism
07/25/2024
Tech adoption at light speed: Balancing euphoria with cynicism
Tom Vartanian, executive director of the Financial Technology & Cybersecurity Center, joined the JofA podcast recently to discuss concerns about the rapid pace of technology adoption. Although he sees the benefits technology has had, he also sees drawbacks. “It's not that we shouldn't have technology, it’s not that we shouldn’t applaud tecnology,” Vartanian says in the episode. “It's just that our balance is off.” Vartanian, a former federal banking regulator and the author of nine books, is a keynote speaker Sept. 9 at the , which is co-located with the . What you’ll learn from this episode: Why Vartanian senses “irrational” euphoria about rapid technology advances. The speaker’s reminder about the original, limited purpose of the internet. Details on the assertion of “going back to fundamentals” when it comes to cybersecurity. The difference in approach between a regulated bank and a third-party service provider. The value of strong leadership in mitigating cybersecurity concerns.
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What is cannabis rescheduling? And how might it affect CPAs?
07/18/2024
What is cannabis rescheduling? And how might it affect CPAs?
The starts Aug. 12 in Aurora, Colo. Rachel Gillette will be one of the event’s front-and-center speakers and moderators. Gillette joined the Journal of Accountancy podcast recently to discuss some of the trends and issues affecting the industry from a legal and regulatory perspective. Gillette, a Denver-based attorney, also explained how she ended up in this niche practice area. What you’ll learn from this episode: · Background on the proposed rescheduling of cannabis and why it matters for the industry and for accountants who advise cannabis businesses. · Gillette’s opinion of what might happen with cannabis-related legislation. · Why potential cannabis rescheduling could mean that certain businesses are no longer subject to Sec. 280E. · How the potential changes could affect CPAs. · What Gillette looks forward to about the AICPA & CIMA Cannabis Industry Conference. · How a decision more than 15 years ago led Gillette to her current area of legal practice.
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How tax practitioners viewed filing season, plus ERC and BOI updates
07/11/2024
How tax practitioners viewed filing season, plus ERC and BOI updates
Melanie Lauridsen, vice president–Tax Policy & Advocacy for the AICPA, joined the Journal of Accountancy podcast earlier this month to discuss the latest developments related to several items of note for tax practitioners. Lauridsen shared data from about IRS performance during tax filing season. She also analyzed recent related to interest recapture on excess COVID-19 credits. In her previous podcast update, Lauridsen focused on related to its performance during filing season. Lauridsen said that detailed information will be coming soon on the related to the employee retention credit. What you’ll learn from this episode: · Updates related to employee retention credit (ERC) claims. · Why ERC claims labeled “medium-risk” by the IRS are on hold. · Lauridsen’s analysis of proposed regulations released by the IRS earlier this month. · The focus of a Maryland opinion on beneficial ownership information (BOI) reporting requirements. · The “awareness issue” related to BOI reporting. · Why Lauridsen said that the sentiment of tax practitioners is not in alignment with that of the IRS when it comes to IRS performance during filing season. · The “safe harbor” that could be offered by a congressional bill. · Updates on AICPA advocacy work with several entities.
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Analyzing Moore: The ruling that upheld the Sec. 965 transition tax
07/02/2024
Analyzing Moore: The ruling that upheld the Sec. 965 transition tax
Tony Nitti, CPA, discusses a recent U.S. Supreme Court decision that some observers viewed as having the potential for wide-ranging changes in tax law. In the end, the decision was a narrow one, but the details of what was addressed and what wasn’t make for an interesting conversation on this collaborative podcast episode. Nitti, partner–National Tax at EY, joins April Walker, CPA, CGMA, lead manager–Tax Practice & Ethics at AICPA & CIMA, for this episode, jointly produced by the JofA and the Tax Section Odyssey podcast. On June 20, the Supreme Court upheld the constitutionality of the Sec. 965 transition tax in a narrow opinion that applies only to passthrough entities (, No. 22-800 (U.S. 6/20/24)). The Court found it was not required to address whether it is a constitutional requirement that income must be realized before it can be taxed. Nitti and Walker discussed the ruling in a late June recording. Resources: n The of the Walker and Nitti conversation on the . n Journal of Accountancy of the June 20 Supreme Court ruling. n A about the Moore case. What you’ll learn from this episode: · Details of the Supreme Court vote and the facts of the Moore case. · Why Nitti said that an expected “showdown” didn’t happen. · What Nitti observed about the case from its oral arguments in late 2023. · How the case could open up further discussion on the taxation of unrealized gains and the constitutionality of a wealth tax. · The value, in Nitti’s eyes, of reading the dissenting opinions.
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Longtime CPA leader: ‘An amazing time to be in the profession’
06/26/2024
Longtime CPA leader: ‘An amazing time to be in the profession’
Calvin Harris, CPA, knew he wanted to be an accountant well before he got to college. He had several mentors who helped him make that decision. It’s one reason he believes that accountants need to reach students early and tell a better story about the profession. Harris was first on the JofA podcast in , when he was CFO of the National Urban League. Today, he’s CEO of the New York State Society of CPAs and keenly aware of some of the profession’s issues related to available talent. He discussed some of the ways accountants can help attract candidates to the profession and commented on the in the recently published by the National Pipeline Advisory Group. What you’ll learn from this episode: How technology has energized Harris and how it’s empowering young CPAs. How Harris’s mother, a former high school teacher, influenced his career choice. The crucial role diversity and inclusion can play in the future of the profession, according to Harris. Why telling a better story — and telling it early and often — is a must to address accounting pipeline concerns. How Harris, later in life, added the New York City Marathon to his list of accomplishments.
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Parting thought from ENGAGE: Don’t let tech changes overwhelm you
06/20/2024
Parting thought from ENGAGE: Don’t let tech changes overwhelm you
Byron Patrick, CPA/CITP, CGMA, took time from his schedule during AICPA & CIMA ENGAGE a few weeks back to join the JofA podcast. Patrick, recently named CEO at a startup company, has been a regular on the show over the years, talking mainly about technology topics. He continued that theme in this episode, discussing artificial intelligence, how the roles of chief technology officer and chief information officer have changed over the years, and why accounting professionals shouldn’t feel overwhelmed by all the tech-focused changes taking place. Also, for the podcast episode from nearly five years ago in which Patrick discussed the use of emojis in email. What you’ll learn from this episode: Why Patrick calls ENGAGE “the premier event of the year.” Details about the AICPA and CPA.com Startup Accelerator. A summary of key messages and themes from a technology-focused ENGAGE session. Patrick’s advice for fellow accountants who might feel overwhelmed by the speed of technology-based changes.
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Quality management: Details of a standard-setting journey
06/13/2024
Quality management: Details of a standard-setting journey
Sara Lord, CPA, is chair of the Auditing Standards Board (ASB), which recently issued a new standard that completes the suite of quality management standards ahead of an important implementation deadline in late 2025. Lord, who discussed advice for firms on implementing the standards on a , joined the show again last week to talk about the end of a journey. In this episode, Lord details the terminology changes made official by the . In the conversation, there is a mention of the standard being available sometime in June. Since recording, the link has gone live and is available here: . What you’ll learn from this episode: · An explanation of the changes implemented by the ASB in a May vote. · Why the May vote marks “the end of a standard-setting journey.” · Why Dec. 15, 2025, is an important date for implementation of the standards. · Implementation guidance, including where to find resources. · The sense of “rejuvenation” Lord feels each year at ENGAGE.
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Small ‘signs of strength’ despite continued concern about inflation
06/06/2024
Small ‘signs of strength’ despite continued concern about inflation
Ken Witt, CPA, CGMA, AICPA & CIMA associate director–Management Accounting Research and Development, explains in this JofA podcast episode why finance decision-makers in the second-quarter Business and Industry Economic Outlook Survey are compared with . Witt summarizes the survey results, including CPA decision-makers' expectations for revenue and profit increases and the top challenges facing them and their businesses. What you’ll learn from this episode: · Why Witt says the outlook this quarter is “mixed.” · An overview of respondents’ sentiment about the domestic and global economies. · The “signs of strength” in KPIs, including revenue and profit projections for the next 12 months. · One metric that Witt will monitor in the third-quarter survey results.
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AICPA & CIMA CEO search: Details from the selection committee chair
06/06/2024
AICPA & CIMA CEO search: Details from the selection committee chair
Anoop Mehta, CPA, CGMA, is the chair of the selection committee that will choose the next AICPA & CIMA CEO. Mehta, a former AICPA chair and Association of International Certified Professional Accountants chair, discussed the qualities the organization seeks in its next leader, a planned timeline for the selection committee, and the importance of knowledge transfer. The CEO chosen will replace Barry Melancon, CPA, CGMA, who on May 22 announced his retirement, effective at the end of the year. Mehta, who recorded the episode at AICPA & CIMA ENGAGE, also shared why he thinks prospective CPAs should attend the annual event in Las Vegas and why he expects to continue meeting with accounting students. Resource: What you’ll learn from this episode: · A planned timeline for hiring the next CEO. · The qualities being sought in the next leader. · Mehta’s explanation of how a strong leader can balance openness to hearing others’ perspectives with making an unpopular decision. · The importance of the Association chair and co-chair in the selection process. · The state of talent development and why Mehta says he gets “energized.”
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More than coffee and LinkedIn: ‘You never know who you might inspire’
05/29/2024
More than coffee and LinkedIn: ‘You never know who you might inspire’
Trisha Nomura, CPA, CGMA, and Abel Soares III, CPA/PFS, don’t live far from each other, but they didn’t know the other’s story until Soares was featured in an AICPA & CIMA . They joined the JofA podcast recently to discuss how connecting has led to mutual admiration — and opened up new ideas for mentoring. The episode is in recognition of Asian American Native Hawaiian/Pacific Islander (AANHPI) Heritage Month and intended to celebrate the diverse voices of the profession. Resources n AICPA & CIMA n Full index of the focused on diverse voices: What you’ll learn from this episode: · How Nomura and Soares learned that they were essentially neighbors. · The background of each CPA and why it matters — particularly this month. · Their advice for fellow accountants on being more entrepreneurial. · The inspirational emails Nomura has received after speaking to students about accounting. · Why Soares wanted to go “beyond the numbers” with his firm’s focus. · Their ideas for helping to grow the profession.
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