PAGE HEADING

Two accounting educators discuss the major issues being raised around the 150-credit requirement to qualify for CPA licensure. Host Dr. Sean Stein Smith, CPA, talks with Dr. Josh McGowan, CPA, of Troy University about whether the requirement should change, feedback from students and recent graduates, alternative pathways to earn the 150, and where things might go from here.

The decline in the CPA pipeline continues to dominate accounting headlines. A broad, profession-wide effort is now underway to address the root causes of the pipeline challenge. Jan Taylor, CPA, academic in residence and senior director at AICPA & CIMA, joins us to discuss the Pipeline Acceleration Plan, which includes measure to increase awareness about the profession, provide an alternative path to obtain the final 30 credits needed for licensure, equip firms with tools to attract and retain talent, and more.

There is widespread concern and speculation amid the nation’s three recent bank failures. Mike Affuso, CEO and president of the New Jersey Bankers Association, helps us understand what's been happening, what it means for investors and consumers, the role that the debt ceiling fight and interest rate hikes are playing, and what the next steps may be.

The Corporate Transparency Act was enacted to help combat money laundering, terrorist funding, tax fraud and other financial crimes. What many people don’t realize is that the Act includes a reporting requirement for most businesses — and there is a hefty non-compliance penalty. Ed Zollars, CPA, discusses the reporting requirements, which businesses are required to report, when they must file the report and the role that CPAs should play.

Is Governor Murphy’s $53.1 billion proposed budget for New Jersey’s 2024 fiscal year good or bad for New Jersey residents and business owners? While there are no new taxes or tax increases, is this level of spending sustainable? And what are the prospects that major changes will be made as the proposed budget is scrutinized by the Legislature? Tune in to the latest episode of the IssuesWatch Podcast where two public policy experts weigh in on all of these questions and more.

Client advisory services (CAS) is proving to be an extraordinarily profitable area, with growth rates that are often double those of the accounting profession's more well-established service lines. Amy Bridges, professional development manager at CPA.com, shares the results of the AICPA/CPA.com CAS Benchmarking Survey and provides guidance for firms looking to offer these services to clients.

NJCPA member – and crypto expert – Dr. Sean Stein Smith, CPA, provides a year-end recap on cryptocurrency activities in 2022 and a look ahead for 2023. He discusses trends that defined crypto in 2022, FTX implications, proof-of-reserves, accounting changes and more.

The pursuit of diversity, equity and inclusion in the accounting profession has proved challenging. A new report from the Illinois CPA Society reveals the barriers minority CPAs say they’ve faced when entering and advancing in the accounting profession. Find out what needs to be done to recruit minority accountants and make them feel included and valued.

The results of the recent Congressional elections held a lot of surprises, and there are still votes to be counted. Rob Zucker, partner at Winning Strategies, is back on the podcast to talk about what went right and wrong for both the Democrats and the Republicans, the key issues that were at play, and the impact of the election results on taxation and business issues.

As we head into tax season, questions and issues are arising about the taxation of crypto assets. In this 10-minute episode, Sean Stein Smith, CPA, provides an update on the tax obligations tied to the burgeoning crypto category of non-fungible tokens (NFTs).

The Nov. 2 New Jersey election was one like no other. Why were the polls so wrong? Which big public policy issues factored into the vote? What’s the outlook for the next four years? Ben Dworkin, director of Rowan University's Institute for Public Policy & Citizenship, breaks it all down for us.

Are you wondering how the stock market could be doing so well when the economy is in such peril? So were we! So we turned to Paul Robertson, senior portfolio manager at AllianceBernstein, to shed some light.