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Tom Hood
Baltimore, Maryland or CPA Island in Second Life
I'm a CPA who helps people and organizations shape their future...
Recent Activity
We just spoke about this through our town hall / professional issues updates in Maryland and our membership is very upset about this sneaky way of raising "revenue" by Congress. We are already on record in opposition of this as the Maryland Association of CPAs ( with our congressional delegation and our members are prepared to help us write more letters if needed to get our legislators attention. This is a bad idea whose time has not come!
Toggle Commented Nov 15, 2013 on Preserving Cash Accounting at AICPA Insights
Great work, Heather! I enjoyed being with these energetic and talented young leaders! here is my post that recaps the resources I mentioned in my session
Ed, Great post and appreciate the update and your work with us at MACPA to stay in top of these developments. As we discussed our members are at a peak level of frustration as indicated from my post Tax Season from Hell and are gathering comments from our active tax groups on a google doc to sue for testimony before Congress and to use on our upcoming Hill visits. Thanks for sharing the work AICPA is doing and for your work on behalf of us all. Tom
First, great post and thanks for shout out, Eileen! As to Ted, you are correct that most of these bills do not include lawyers (legal services). Interesting when the argument for these taxes is the transition to a service economy. We had a major fight last year as they turned up in our Ways & Means Committee, which we soundly defeated (for the umpty squmpth time). The bigger issue was an internet tax (aka Amazon) was broadly interpreted to include the e-filing of taxes by CPAs and therefore a backdoor sales tax on services. We worked to get it amended out of the Governors' budget bill successfully. The Lt. Governor promised our members at CPA Day this year that we would not be seeing it this year, but of course he does not speak for the 188 legislators :) We are watching!
The Top 5 Learning Trends identified in a global learning & talent management survey by Masie in May, 2012: 1. Leadership Development 2. On the job Training/Learning 3. eLearning Trends 4. Social & Collaborative Learning 5. Video Learning Segments (using... Continue reading
Posted Jan 24, 2013 at Business Learning Blog
Right Stacie (about that Maryland thing!)! Great work capturing the story of the Digital CPA Conference on Storify and your points about twitter are spot on. I have lots of members who comment that they feel like they are attending conferences from afar when there is a robust tweet stream. This first time conference hit some records with the tweet volume - almost 1,500 tweets in three days - similar to many other national conferences (and our own MACPA Innovation Summit). Thanks for sharing! All the best for 2013!
Are you ready for the coming jobs war? There are two types of futurist predictions, uncertain trends and certain trends (data-driven trends). Demographics is one of those "certain trends" as it is easily tracked, although often over-looked. The latest workforce... Continue reading
Posted Dec 18, 2012 at Business Learning Blog
Barry, Thanks for sharing these insights and updates on the major issues facing our Profession. Having just come back from Digital CPA, that is an exciting new area of opportunities for many CPAs. The developments in Private Company Standards at both FASB & AICPA (formerly OCBOA) will also create new ways for CPAs to help their small business clients, generational challenges along with retirements and succession issues will become mission critical in the next year or two. The fiscal cliff is and continues to be a major concern for CPAs in Maryland and the AICPA has taken a leadership position in helping educate Congress and the American people about our sustainability. Finally, I am reminded of a quote by Peter Drucker that said, "But a time of turbulence is also one of great opportunity for those who can understand, accept, and exploit the new realities." Thanks for helping to define the new and continuing "realities" of our Profession and all the best to you and the AICPA Team (and your families) in the coming new year!
Reason No. 263 why I love my job! Yesterday I facilitated with our New / Young Professionals Network to work on their strategic plan for the next one to three years. The group of 20 included leadership from our NYPN... Continue reading
Posted Aug 29, 2012 at CPA Success
Last week I spent an afternoon with 50 members of Marriott's global finance team at their headquarters in Bethesda. Pictured are the brave souls who stayed around for the photo op. They are holding up our handout from the CPA... Continue reading
Posted Aug 27, 2012 at CPA Success
How many of you remember the Saturday morning cartoon Road Runner and the Coyote? Today's post comes from my friend Don Dea and the DigitalNow community, who pointed out this nugget of a post titled, A leadership revolution and why... Continue reading
Posted Aug 23, 2012 at CPA Success
This past spring, we had a rare opportunity to talk with a group of students at Salisbury University with Paul Stahlin, past chair of the AICPA, about the future of the CPA profession. The students heard the context around the... Continue reading
Posted Aug 20, 2012 at CPA Success
I just finished a strategic planning session with a group of business officers of independent schools, where a comment was made that the No. 1 critical skill is the ability to scan the rapidly changing environment and develop insights about... Continue reading
Posted Aug 14, 2012 at CPA Success
The 2012 Olympics are here! What do the Olympics have to do with CPA Success? Our BLI strategic partner, Gretchen Pisano (CEO of SoundingBoard Ink) has some thoughts: Olympic athletes train for years to deal with these competitive conditions: Fierce... Continue reading
Posted Jul 27, 2012 at CPA Success
I was invited recently to share my thoughts about social media for accounting students at my alma mater, Loyola University in Maryland (@loyolamaryland). Remember when you graduated from college? How big was your personal network? I graduated 30 years ago... Continue reading
Posted Jul 25, 2012 at CPA Success
Everybody is talking about the megatrend of the consolidation of the CPA profession into megafirms as we see major mergers of equals (e.g. Reznick-Cohn, Clifton-Larson). The AICPA showed a decrease in the number CPA firms over the past five years... Continue reading
Posted Jul 19, 2012 at CPA Success
That was the subject of an e-mail this morning from Jody Padar (@jodypadarcpa). And it was the subject of our tweetup last night at the East Asian Bistro in Bowie, Md., with our group of social-savvy CPAs and accounting-related tweeps.... Continue reading
Posted Jul 18, 2012 at CPA Success
Remember the SEC's IFRS roadmap that started back in 2006 and said we would see adoption in the 2013-2014 time frame? Then we got "condorsement" in mid-2011, which put the SEC position somewhere in the middle of endorsement and convergence.... Continue reading
Posted Jul 17, 2012 at CPA Success
Barry, Absolutely YES! I had a blog post awhile back where I say for CPAs, Big Data (and XBRL) is the new Plastics (referring to the scene in the graduate)! CPAs are uniquely qualified to lead the analysis and communication of "big data" and to help organizations make more data-driven decisions. Great post!
When I first entered the CPA profession in the early 80s (back when the wheel was invented), accounting was done on mainframes and mini-computers (DEC, IBM 36/38, Wang, Univac). Then the PC was introduced (and the Apple Mac). Then they... Continue reading
Posted Jul 16, 2012 at CPA Success
I am a big believer in the power of great questions. They open your mind and allow for great conversations that can often lead to breakthrough thinking. In today's lightning fast environment, businesses need to constantly be checking their business... Continue reading
Posted Jul 13, 2012 at CPA Success
I heard some unexpected advice from one of America's greatest warriors, retired Gen. Stanley McChrystal from a dinner I was lucky enough to attend with my wife, hosted by Stevenson University in Maryland. (Pictured: Tom Hood, Sharon Hood and Gen.... Continue reading
Posted Jul 11, 2012 at CPA Success
I have been a fan of Jim Collins for years. I had the opportunity to work with him when I was chair of the original CPA Vision Project in 1998. (He gave us an A for the CPA Vision 2011.)... Continue reading
Posted Jul 10, 2012 at CPA Success
I remember the first time I ever tried sailing. I rented a catamaran and thought it would be easy. After getting out in the ocean and capsizing the first time I tried to turn, I realized there was much more... Continue reading
Posted Jul 9, 2012 at CPA Success
Tom Hood added a favorite at Re:Focus
Jun 23, 2012