Ron Baker: Survive Tariff Turmoil | ARC

Shaky markets. Panicky clients. Accountants, it’s your time to shine. 

 

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Accounting ARC
With Liz Mason
Center for Accounting Transformation

More ARC: Analysis, Reaction, Comedy

President Donald Trump’s tariff announcement has sent shockwaves through the business community—and accountants are on the frontlines of the fallout. 

In the latest Accounting ARC podcast, Liz Mason, CPA, and Ron Baker, CPA (inactive), analyze the implications of Trump’s decision to impose a 10% blanket tariff on all imports, alongside a dramatic 54% tariff on goods from China. 

MORE Accounting ARC: Crypto, Cash, or Chaos? The Fallout of an IRS-Free America | Is Agentic AI a Game Changer or Game Ender? | Kelly Mann: Thriving Against All Odds | Are We Ready for the Hidden Risks of AI in Accounting? | The Research Imperative: Why Data Drives Accounting Success | How Coaching Can Unlock Professional Success | Demystifying Accounting Governance |  Top 10 Red Flags to Watch for in Accounting Offices | Jeremy Dubow: Private Equity as a Catalyst for Growth | Break the Burnout Cycle in Accounting | Accounting in Transition: 2024 Reflections & the Road Ahead | Ron Baker: Visions for the Accounting Profession | Angie Grissom: Next Gen Inspo for Accountants | Does Accounting Belong in STEM? | Rose Wang: Where Numbers Meet Strategy and Creativity | TikTok Fraud Exposes Gaps in Financial Literacy | How Accounting Pros Own the Stage in Public Speaking | Greg Kyte: Being a CPA Is Like Being the Marie Kondo of Numbers | Rachel Bashore: A Lawyer’s Case for Reinventing Accounting | Beyond the Basics in Ethics Education

“Tariffs are taxes—plain and simple,” says Mason, CEO of  High Rock Accounting. “And businesses need to prepare for those costs to flow straight to consumers.” 

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Accounting ARC: Forecasting Finance & the 2034 Accounting Landscape

Be ready to embrace AI and blockchain innovations, the rise of boutique firms, and the surge of specialized credentials.

Subscribe to CPA Trendlines podcasts anywhere: Apple, Google, Spotify, iHeart, Deezer, Amazon Music and Audible, Player FM, Audacy, Gaana (India), and Boomplay (Africa).


Accounting ARC 
With Donny Shimamoto, Liz Mason, and Byron Patrick
Center for Accounting Transformation

Hosts Byron Patrick, CPA.CITP, CGMA; Liz Mason, CPA; and Donny Shimamoto, CPA.CITP, CGMA, explore the future of the accounting profession, making bold predictions about what the next decade holds. Their conversation covers a wide range of topics, from technological advancements to diversity, equity, and inclusion, offering a comprehensive look at how accounting might evolve by 2034.

MORE: Harper & Co. CPAs: The Perspective of a Non-Accountant is Imperative | Menlo Innovations: Improve Office Culture by Overhauling Internal Reviews | Dustin Wheeler: For Serious CAS Success, Hire Tech Teams | Chase Birky: Overcoming Paralysis By Analysis |

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One of the central themes of the discussion is the rapid pace of technological change. Patrick, vice president of Client Success at the B3 Method Institute, emphasizes that technology will continue to accelerate, fundamentally altering the landscape of accounting. “Technology is not slowing down, it’s accelerating exponentially,” he says. “And 10 years from now, there is going to be even more need for integrity within the technology that we are using.”

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Accounting ARC: Busting the Big 4 Myth

The realities and opportunities beyond Big 4 firms.

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Accounting ARC 
With Donny Shimamoto, Liz Mason, and Byron Patrick
Center for Accounting Transformation

The latest episode of Accounting ARC, “Busting the Big 4 Myth,” offers various perspectives on careers in accounting. 

MORE: Harper & Co. CPAs: The Perspective of a Non-Accountant is Imperative | Menlo Innovations: Improve Office Culture by Overhauling Internal Reviews | Dustin Wheeler: For Serious CAS Success, Hire Tech Teams | Chase Birky: Overcoming Paralysis By Analysis |

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Hosts Donny Shimamoto, CPA, CITP, CGMA; Byron Patrick, CPA, CITP, CGMA; and Liz Mason, CPA, share their unique experiences, challenging the notion that success in accounting is synonymous with working for one of the Big Four firms. 

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Trump Trial: A Case Study in Accounting?

Could some good accountants have spared the nation its hush money trauma?

By CPA Trendlines Research
Analysis and Commentary

The Donald Trump case involving hush money payments indeed centered around accounting practices and the legal implications of how these transactions were recorded. The payments in question, made to silence allegations of extramarital affairs, were scrutinized for potential violations of campaign finance laws and business records.

A CPA Trendlines analysis of generally accepted practices and the professional literature demonstrates the grave lapses that led to felony convictions and the essential role good accountants and honest accounting must play in the executive suite.

The lessons – and risks – for accountants are painfully clear.

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More Big Firms Shut Their Doors to New College Grads

Some 88.7% of top firms rate problem-solving skills among the most important criteria in hiring new college grads. Technical skills rank fifth, at 67%. (NACE)

Firms that overhired in the COVID-19 boom are now trimming their ranks.

By CPA Trendlines Research

Despite widespread concerns in the profession about a talent shortage, the largest accounting firms in a new survey are cutting back on their hiring of new college accounting graduates by 16.1 percent this year.

MORE in STAFFING & RECRUITING: Employee Retention Is Easier Than Attraction | Payroll Leads Job Gains in Tax & Accounting Sector |  Disruptors: Talent Crisis? What Talent Crisis? |  Letting Staff Go After Tax Season? Bad Idea |  Firms Culling Clients as Staffing Woes Persist | Compensation’s Up, but Up Enough to Retain Staff?

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Reflecting broader economic uncertainties and budgetary constraints, half of all the biggest firms surveyed are gearing down for a recession, marking a sharp turnaround from the hiring spree sparked by a global pandemic that forced industries across the globe into transformational change, often staffed and driven by the biggest accounting and consulting firms.

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Unraveling the Collapse of Silicon Valley Bank | Accounting ARC

Delving into financial disarray and what contributes to the shutdown of community banking institutions

Subscribe to CPA Trendlines podcasts anywhere: Apple, Google, Spotify, iHeart, Deezer, Amazon Music and Audible, Player FM, Audacy, Gaana (India), and Boomplay (Africa).
Subscribe to CPA Trendlines podcasts anywhere: Apple, Google, Spotify, iHeart, Deezer, Amazon Music and Audible, Player FM, and Audacy.

Accounting ARC 
With Donny Shimamoto, Liz Mason, and Byron Patrick
Center for Accounting Transformation

In the labyrinth of financial intricacies, the collapse of a bank sends shockwaves through the economic landscape, leaving stakeholders scrambling for answers. In this episode, “Accounting ARC: Unraveling the Collapse of Silicon Valley Bank” dissects the demise of Silicon Valley Bank to unravel the intricate web of factors that precipitated its downfall.

MORE: Harper & Co. CPAs: The Perspective of a Non-Accountant is Imperative | Menlo Innovations: Improve Office Culture by Overhauling Internal Reviews | Dustin Wheeler: For Serious CAS Success, Hire Tech Teams | Chase Birky: Overcoming Paralysis By Analysis |

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Hosted by seasoned financial experts, this Accounting ARC episode, featuring Terry Sherrill, CPA, a managing director with TPS Thayer in Sugar Land, Texas, dives deep into the underlying causes of bank collapses while offering invaluable insights for CPAs, auditors, and financial professionals to fortify against such catastrophes.

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