The family law industry is facing a dramatic change to the tax impact of divorce following the passage of The Tax Cuts and Jobs Act of 2017, signed into law on December 22, 2017. Under the new legislation, for divorce decrees executed after December 31, 2018, alimony becomes tax neutral, meaning there are no tax consequences to either party, much like child support. The repeal of the alimony tax deduction does not affect existing alimony obligations or divorces finalized prior to January 1, 2019. (more…)
Every January, the FICPA hosts the Valuation, Forensic Accounting & Litigation Services (VFALS) Conference in Ft. Lauderdale. Although the conference has been offered in many variations, the FICPA has held the VFALS conference annually since 2006. Each year it brings well-regarded professionals to speak to a room of CPAs, generally with special interests in either valuation and/or forensic accounting. (more…)
Advice can come to you directly or when you least expect it. Whether it was something my parents said, a business seminar, a religious activity or just life’s experiences, good advice can give you a new perspective on life or be a humbling reminder of your actions. (more…)
Are you looking to getting more involved in your profession? More involved in leadership? Have the ability to network? Learn skills to further your career? The FICPA Emerging Leaders Program may be right for you.
As discussed previously, passing the CPA exam is a daunting challenge, yet it is only a step along the journey toward one ultimate goal – to become a Certified Public Accountant. A successful exam preparedness plan begins with researching what is required to be a licensed CPA in your chosen state and then crafting a plan of attack to fulfill all of the state’s licensure requirements. (more…)
When a wave of “busy season” crashes against your office, there seems to be a daily conundrum: where do you apply the one factor within your control – your time, energy, and attention? Will you tend to the deluge of emails, phone calls, and distractions? Or actually get billable work done? The ultimate answer is that you’ll need to have some balance of both. Below are some recommendations for gaining more control of your valuable time: (more…)
Most young professionals that I know are smart, fun, and extremely dedicated to their craft. Young professionals struggled to obtain positions during and after the recession, and they continue to struggle to gain notoriety and progress through the ranks. These struggles continue to motivate millennials to prove their worth and devote large sums of time and energy to their employer’s goals. However, millennials are also extremely interested in their personal lives and value a work/life balance.
The FICPA’s new classified ad and job board system is here, and it’s powerful. FICPA OneSource is a “one-stop-shop” resource for CPAs looking for employment/employees.
The FICPA’s latest benefit for members offers:
• Job postings locally or through the Financial Job Exchange
• A searchable resume database
• Free internship postings
• Career resources
• Career coaching
• Classified advertising for office space, practices wanted for purchase or merger and practices for sale
It’s all in one place and specifically designed for our profession!
The launch of the FICPA’s newest member benefit, FICPA OneSource, is designed to be an online repository of all types of information related to jobs in the accounting profession, centralized in one, easy to access location.
Every year, after the New Year’s hangovers are healed and the holiday decorations stored safely away, a dark cloud begins to form over the head of all Americans. Dread and suspense build as we deliberately procrastinate while turning our attention to other tasks that have been long neglected in hopes that the problem will vanish. Tasks like reorganizing every photo on your computer by date and who is pictured, doing the dishes 3 times a night to be absolutely sure they are clean, and ironing your bedsheets so they are totally wrinkle free. Across the country, errands are endlessly run and houses are spotless. Until, the inevitable finally arrives. Like a train barreling down the track with the bridge blown out ahead, April 15, and the tax deadline, arrives. (more…)