Record crowd descends on Annapolis for CPA Day

Posted By: Bill Sheridan on January 30, 2015 in Legislative / Regulatory
  How big was the crowd at CPA Day in Annapolis? Big enough to spook the Statehouse security detail. As a record crowd of nearly 200 CPAs gathered on the Statehouse steps for a quick photo, a worried security guard — perhaps fearing a well-dressed protest of some kind — approached MACPA Executive Director Tom Hood and asked, “What’s up?” “We’re the Maryland Association of CPAs, just here to meet with our legislators,” Tom explained. The...

Innovation is often small steps, not giant leaps

Posted By: Bill Sheridan on January 29, 2015 in Leadership / Management
Want to know what modern-day innovation looks like? Look no further than the University of New Hampshire. It’s not exactly known as a hotbed of American innovation, but a kinesiology professor there named Erik Swartz might have figured out how to do something that scores of big-name, high-paid researchers have thus far failed to do. He might have figured out how to save football. The NFL is dealing with a number of PR nightmares these days, and right at the top of the list is the long-term...

Accounting hits Hollywood’s A list with rumored blockbusters

Posted By: Bill Sheridan on January 28, 2015 in Leadership / Management
CPAs are finally ready for their closeup, Mr. DeMille. The closest the profession ever comes to sniffing actual Hollywood stardom is when PwC — the firm that handles the balloting process for the Academy Awards — handcuffs a briefcase containing the results to a couple of partners and sends them to the Oscars each year. That’s about to change. The profession is about to get Hollywood’s A-list treatment with a couple of new films. The first and most notable is “The...

The answers to all of your questions in two and half minutes

Posted By: Bill Sheridan on January 23, 2015 in Business Strategy&Leadership / Management
What are the biggest challenges that CPAs face today? What issues are all CPAs trying to figure out these days? What key question must all CPAs ask themselves going forward? Tom Hood has the answers, and he tells all in this video interview with the folks at Sage North America. Check it out:

Tax season questions come early, thanks to tangible property regs

Posted By: Bill Sheridan on January 22, 2015 in Taxation
That didn’t take long. Tax season has only just begun, and the MACPA’s federal tax listserv is already lighting up with questions from tax pros. The issue at hand involves the IRS’s tangible property regulations. The final disposition rules for tangible property were issued in August and largely adopted the proposed regulations that were issued in 2013.  The IRS also recently issued procedural guidance, but if the listserv is any indication, a ton of questions still...