Ron Baker: Audits are Useless
Audit is "completely irrelevant" and "useless." That’s according to accounting thought leader, Ron Baker.
Here's How To Save The Accounting Profession
Here's how to save the accounting profession: The top 100 accounting firms agree to stop exempting their people from overtime. Every person in the firm earns 1.5x pay for hours over 8 per day and 40 per week.
Changing the Face of Public Accounting
It's a week of thanks and I owe a big thanks to Randy Crabtree for featuring my many opinions on our accounting profession in his latest article on Accounting Today.
What The AICPA Gets Wrong About The 150-Hour Rule
We all know that the 150-hour rule is one of the top reasons accountants don't become CPAs. But the AICPA seems to be in denial about it. Here’s why they get it wrong and why the accounting profession should undo the big mistake that is the 150-hour rule.
How to fix the leaky CPA pipeline
We have a CPA pipeline problem. At the current rate, we aren’t minting nearly enough new CPAs to replace those who will be retiring soon. Here's how to fix it.
5 Alternatives to Pilot Accounting
There are some very solid alternatives to Pilot Accounting, both for bookkeeping and taxes. Here are my top five.
At the expense of its partners’ neutrality, Expensify boosts Biden
2020 has been difficult enough already! The last thing accountants need right now is their software partners calling their independence and objectivity into question with unsolicited political opinions.
Read my op-ed in Accounting Today about that controversial email from Expensify founder and CEO David Barrett.
Do you agree? Disagree? Let me know your thoughts on LinkedIn.
5 Things I Learned This Week
Intuit makes ChronoBooks exclusive to QuickBooks Online Advanced, accountants are losing faith in FASB, the California Consumer Privacy Act is already a disaster, how to build a financial model for an accounting firm, and the Buffet Indicator says we’re doomed.
Does your CPA firm employ California accountants as contractors? A new law could change how you do business
Do you own an accounting or bookkeeping firm? Do you employ California residents as independent contractors to provide accounting services for your clients? If so, there’s a new law in California that could affect how your firm does business — even if you’re located in a different state.
Best Podcasts for Accountants
Podcasts are great for "dead" time. Driving to work. Working out. They're an excellent tool for professional development. After all, who wants to read more after staring at a computer screen all day? Listen to these best accounting podcasts and save more time for watching Netflix.