Stemming from a blog he authored for PICPA’s CPA Now, Michael Cade, strategy consultant and executive coach for MFCCoach LLC in Morrisville, joins us to discuss how vital it is for CPAs at nonprofits to understand organizational performance if they are going to help their employers achieve their missions. He provides details on critical driver analytics and communicating with nonprofit leaders. Get more insights from Cade at his blog, Not for Profit – Beyond the Numbers.

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In early April 2020, the Paycheck Protection Program was established to help support small businesses suffering at the hands of the coronavirus pandemic. But the $349 billion originally allotted to the fund quickly dried up. According to Carl Peterson, AICPA’s vice president of small firm interests, additional funds need to be made available as soon as possible, and the timing of the eight-week payroll support needs flexibility.

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For tax purposes, stewardship and selling, general, and administrative expenses are often viewed as one and the same. Brian Abbey and Raymond Wynman, managing directors at Global Tax Management Inc., join us to drive home why, now that 2017’s Tax Cuts and Jobs Act has settled in, it is important for taxpayers to accurately separate the two categories when filing their taxes.

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In a podcast related to her feature in PICPA’s Guide to CPA Careers in a Changing Business Landscape, this year’s digital-only special edition of the Pennsylvania CPA Journal, Lauren Lear, manager of finance and accounting outsourcing for RSM US LLP in Plymouth Meeting, Pa., recounts her experiences in the public accounting field. She offers tips for staying organized, relieving stress, and taking advantage of all the benefits a life in public accounting offers.

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Sometimes it may be hard to believe, but the coronavirus pandemic will eventually conclude. When the experience has passed, the CPA firms who are most likely to survive are the ones who extended the best experience to their clients during the struggle. According to Sarah Johnson Dobek, founder and president of Inovautus Consulting, president of CPAsNET, and a member of the Accounting Today Top 100 Most Influential People, that experience includes reaching out to clients to get a feel for how they are dealing with an unprecedented situation, prioritizing discussions with your best clients, and being empathetic in the area of fee collection.

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The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law March 27, 2020, to provide economic relief for American taxpayers and businesses who are struggling during the fight against the COVID-19 pandemic. Julio Gonzalez, CEO and founder of Engineered Tax Services, joins us to discuss the goals of the legislation, its impact on tax professionals, and steps small businesses can take to leverage its benefits in these distressing times.

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There is great fear that the mass isolation brought about by the coronavirus will erode the relationships that CPAs have cultivated with clients, colleagues, and employees, but that doesn’t have to be case, says our guest, Amy Leschke-Kahle, vice president of performance acceleration at The Marcus Buckingham Group, an ADP Company. In today’s discussion, she offers tips for engagement that can last through the struggles of the pandemic and still be applied once we all have returned to normalcy.

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For CPAs, the need for technical proficiency and an awareness of changes to standards and regulations will never go away. Still, in a competitive marketplace, the possession of CPA soft skills takes on an even larger importance. To talk through several of these skills, such as networking, social media marketing, and personal branding, we met with Edward Mendlowitz, a partner with Withum Smith+Brown, an author of 27 books, and a member of the Accounting Today Top 100 Most Influential People in Accounting.

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In the second of our five-part monthly series on the top priorities for CPA firm management, Ira Rosenbloom of Optimum Strategies in Spring House, Pa., explores the qualities that service systems must have to satisfy clients. Among the traits he touches upon are accessibility, proactivity, and time-sensitivity.

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On March 19, the Office of Management and Budget released Administrative Relief for Recipients and Applicants of Federal Financial Assistance Directly Impacted by the Novel Coronavirus Due to Loss of Operations. This memorandum is set to have a major impact on how single audits are performed in the near term. To discuss this guidance, Maher Duessel’s Diane Edelstein addresses the six-month extension to the single audit due date, the amount of documentation needed to explain the delayed filing, and additional single audit matters that will likely require guidance in the near future.

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