The accounting profession, especially when considering emerging technologies, is rapidly evolving. This increased rate of innovation is directly correlated to the advancement of the accounting profession and the digital implications it’s having on traditional accounting processes.
The tax reform, informally known as the "Tax Cuts and Jobs Act," was signed into law by President Trump on December 22, 2017, after Congress’ final approval. The new law is the most extensive overhaul of the US tax code in over 30 years. The tax reform includes a number of provisions that highly affect both corporations and individuals. And, in previous articles, we broke down the tax reform even further by analyzing its effects on accounting students, CPA candidates, and the CPA Exam.
Technology has changed the accounting profession in a number of ways, not just how and where you work, but how you obtain clients. In part 7 of our professional networking series with Roger CPA Review's Senior Business Development Director, Tom Rogowski, CPA, Tom answers those questions and discusses how technology has transformed the accounting profession.
The Tax Reform Bill, also referred to as the Tax Cuts and Jobs Act, was passed on December 22, 2017. This tax revamp is the first of its kind in over three decades and has considerably reformed both individual and corporate income taxes. There’s no question that the new law transforms the work performed by accountants, but should the tax bill be viewed as an opportunity or a threat to the accounting profession? Keep reading to weigh the pros and cons for yourself.
In early February, I had the pleasure of witnessing Dan Black, Global Recruiting Leader at EY, present at the American Accounting Association's APLG conference. His presentation was titled: “The Future of Work” and helped shine further light on how the changing world around us is affecting recruiting and the accounting profession in positive and exciting ways.
I was extremely inspired by what he had to say and couldn’t wait to share this message with our audience. Dan graciously accepted my recent invitation for an interview to provide further insight on how the recruiting process is evolving to adapt to Generation Z, the positive embrace of new technology, and how firms are evolving the way they present their cultural and brand identities.
Every year, the American Accounting Association (AAA) hosts the Accounting Programs Leadership Group (APLG) and the Federation of Schools of Accountancy (FSA) joint seminar. Here, many esteemed stakeholders in the industry, such as recruiting teams from the nation’s largest firms and accounting department leaders from a variety of universities, gather to stimulate excellence in accounting education, as well as ensure that the next generation of accounting grads continue to strengthen and evolve the profession.