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Integrating AI and predictive data in accounting will propel the profession towards a new era of business reporting. The benefits include enhanced risk management func­tions, strategic decision-making, and the ability to drive firm value, auditing and financial reporting.

Accounting leadership must adjust to change and make decisions on the fly, consider the greater good and create an inclusive environment. Here are some thoughts on good and bad leadership and what the implications are for both in the accounting profession.

Some people would rather skip holding people accountable so much that they would rather avoid having the conversation entirely and come up with a workaround. Here are some steps to have productive accountability conversations.

Enhanced listening skills offer a cornucopia of benefits. It can lower social anxiety, make employees more relaxed, increase awareness of strengths and weaknesses, enhance collaboration, increase your ability to influence and reduce turnover.

When employees feel genuinely content and engaged in their roles, their enthusiasm naturally extends to client interactions. The positive energy, dedication and passion they bring to their work invariably impact client relationships.

By observing experienced leaders, adopting effective strategies and embracing these roles, accounting and tax professionals can learn to navigate their career paths with purpose and achieve long-term success.

Over the course of the two-day ReNew Jersey Summit & Expo hosted by the New Jersey Chamber of Commerce, leaders and policymakers discussed issues, opportunities, challenges and new potential avenues for business growth.

Before jumping right in to ask your boss for a promotion, CPAs need to ask themselves some critical questions and take impactful steps to make it a reality.

To further its mission to help businesses in the Garden State succeed, NJBAC provides free and confidential technical assistance, advocacy and a variety of other support services through its offices, comprised of business advocacy, export promotion and small business advocacy.

The NJCPA is actively supporting and advocating for initiatives that recognize accounting as a science, technology, engineering and mathematics (STEM) subject and that allow STEM K-12 grant funding to be used for accounting awareness and education.

With a surge in mergers and acquisitions (M&A) activity, accounting firms are more in demand from private equity. It should put a renewed spotlight on their profits, plans for expansion and what strategies work and don’t work during M&A.

Increasing the value of a business five years before a potential sale involves a multifaceted approach encompassing financial fortitude, operational excellence, strategic foresight and market positioning. Accountants serving as trusted advisors can guide their clients through these strategic initiatives.

CPA firms can effectively manage their cybercrimesecurity by staying informed, conducting regular risk assessments, implementing strong security measures, educating employees and preparing for potential breaches.

Valuation practitioners involved in dispute scenarios encounter legal and regulatory environments in addition to the general standards set forth by professional organizations, which is why it's important to have an understanding of relevant court rules, procedures and techniques.

Startups can have a lot of tax- and non-tax-related domestic and international issues. CPAs have the opportunity to provide value and become their trusted business advisor.

Two things practitioners seeking to provide audit and attestation services to clients in the crypto space, now or in the future, need to keep in mind are that stablecoins will drive attestation improvement and controls will play a large role in attestation.

As companies position their organizations to meet the challenges and opportunities presented by ESG, they need assistance with regulatory compliance, capital allocation, risk management, projections and financing — all within the CPA skill set.

A 1031 exchange is a valuable tool for deferring taxes and facilitating investment continuity, but it’s not a one-size-fits-all solution. It is important to choose a knowledgeable and trustworthy intermediary.

Although sales tax compliance is complex, businesses can effectively navigate the challenges with the right people, processes and technology.