ThomsonReuters

APRIL 7, 2022

QUESTION: Our company’s qualified transportation plan allows employees to purchase transit passes with pre-tax compensation. ANSWER: The Code provision authorizing qualified transportation plans indicates that the tax benefits under a qualified transportation plan are for “employees.” Contributing Editors: EBIA Staff.

Transportation 98

Transportation Tax Government Account 98

ThomsonReuters

NOVEMBER 19, 2020

The IRS has released an information letter responding to an inquiry from a qualified transportation plan participant with unused transit benefits. Unlike the rules governing health FSAs, the qualified transportation plan rules place few restrictions on compensation reduction election changes. Contributing Editors: EBIA Staff.

Transportation 98

Transportation Government Tax Account 98

CPA Practice

OCTOBER 27, 2023

But really, Billy Scherba, CPA, is a carbon accountant. Billy Scherba Carbon accountants help companies understand what data matters to their carbon footprint, how to collect that data in a consistent manner, and how to use it to calculate the greenhouse-gas emissions they’re responsible for.

Account 124

Account accountant accounted Transportation 124

ThomsonReuters

OCTOBER 20, 2022

Qualified Transportation Fringe Benefits. The post IRS Releases 2023 Cost-of-Living Adjustments for Health FSAs, Transportation Benefits, Adoption Assistance, and More appeared first on Tax & Accounting Blog Posts by Thomson Reuters. News Release. Contributing Editors: EBIA Staff.

Transportation 97

Transportation Tax income tax Account 97

CPA Practice

MARCH 22, 2023

Thanks to a little-noticed law passed in 2014—the Achieving a Better Life Experience Act (ABLE) Act—a family can set up a tax-favored savings account for a disabled individual. Appropriately enough, these are referred to as “ABLE accounts.” This limitation often shut out deserving people who could benefit from ABLE accounts.

Tax 124

Tax Account accountant accounted 124

Katz,Sapper&Miller

AUGUST 28, 2020

As with all industries, the COVID-19 pandemic has affected the transportation industry in a number of ways. Among the flurry of changes over the past few months, trucking professionals should be aware of the many accounting and tax updates which may impact daily and long-term business operations.

Transportation 53

Transportation Tax Account accountant 53

RogerRossmeisl

NOVEMBER 8, 2023

Certain industries — for example, construction, real estate, manufacturing and transportation — are usually more vulnerable to employee theft, according to the Association of Certified Fraud Examiners (ACFE). Segregation of accounting duties — having them performed by more than one employee — is critical to reducing both types.

Real Estate 241

Real Estate Construction payroll Transportation 241

PYMNTS

MAY 13, 2019

Mastercard and Kisio, a unit of Keolis, are joining forces to make it easier for people to pay for transportation around a city. Transportation providers will be able to let passengers book their trips in one app. As it stands, most city dwellers have to purchase separate tickets for each mode of public transportation. “As

Transportation 66

Transportation Technology New York Account 66

Menzies

MAY 10, 2022

Menzies LLP - A leading chartered accountancy firm. Areas within transport & logistics where R&D could be claimed. We have benefitted from their expertise in the Transport and Logistics sector and have been impressed with their collaborative approach. Find out more about our transport and logistics sector specialisms.

Transportation 52

Transportation Tax chartered accountant corporation tax 52

ThomsonReuters

NOVEMBER 11, 2021

Qualified Transportation Fringe Benefits. The post IRS Releases 2022 Cost-of-Living Adjustments for Health FSAs, Transportation Benefits, Adoption Assistance, and More appeared first on Tax & Accounting Blog Posts by Thomson Reuters. News Release. Contributing Editors: EBIA Staff.

Transportation 98

Transportation Tax income tax Account 98

CPA Practice

MARCH 18, 2024

AICPA & CIMA are accepting applications for their annual Accounting Scholars Leadership Workshop (ASLW), an event that provides instruction, advice and guidance to diverse college and university students interested in a career in accounting and finance. Applications for the workshop will be accepted through June 15.

Account 69

Account accountant accounted accounting careers 69

ThomsonReuters

NOVEMBER 19, 2020

The IRS has released an information letter responding to an inquiry from a qualified transportation plan participant with unused transit benefits. Unlike the rules governing health FSAs, the qualified transportation plan rules place few restrictions on compensation reduction election changes. Contributing Editors: EBIA Staff.

Transportation 52

Transportation Government Tax Account 52

MyIRSRelief

MARCH 15, 2023

Tax professionals, such as certified public accountants (CPAs), EAs enrolled agents and tax attorneys, can help you navigate the complex tax laws and negotiate with the IRS on your behalf. Accounting & Bookkeeping is one of the most critical aspects of running a successful business, especially in the trucking industry.

tax accountant 130

tax accountant Tax bookkeeping Account 130

ThomsonReuters

NOVEMBER 19, 2020

QUESTION: Our company has a qualified transportation plan that allows employees to purchase parking and transit benefits with pre-tax compensation reductions. How can we help those employees avoid losing amounts they have set aside to purchase transportation benefits? Many plans fully incorporate this flexibility. No refunds.

Transportation 52

Transportation Tax Government Account 52

Katz,Sapper&Miller

APRIL 3, 2020

In this webinar conversation, hosted by the American Trucking Associations (ATA) National Accounting & Finance Council (NAFC) April 7 from 2:00-3:00 p.m.

Transportation 54

Transportation accounting and finance Finance Account 54

PYMNTS

JUNE 3, 2020

To speed up fleet and billing functions for truck drivers as well as back-office staffers, mobile capture and workflow technology company Vector has teamed with transportation management software firm McLeod Software , according to an announcement.

Transportation 52

Transportation Technology Account accountant 52

Xero

JUNE 6, 2022

As many of us continue to respond to the impacts of climate change, it’s important to consider how the small business landscape will change, not just for our small business customers but our accounting and bookkeeping partners too. The post Decarbonisation: What’s in it for accountants and bookkeepers? appeared first on Xero Blog.

bookkeeping 94

bookkeeping Account accountant accounted 94

Katz,Sapper&Miller

AUGUST 22, 2017

The significant growth Hartt Transportation Systems, Inc. Hartt Transportation), a 65-year old dry van carrier operating in the U.S. and Canada, was experiencing led them to search for a new accounting, tax, and consulting firm with a deep knowledge of the transportation industry.

Transportation 40

Transportation Tax Account accountant 40

Katz,Sapper&Miller

OCTOBER 4, 2019

Recent changes to two accounting standards, revenue recognition and leases, will have a significant impact on financial reporting in the transportation industry.

Transportation 44

Transportation accounting standards Account accountant 44

xendoo

JUNE 11, 2022

If you’re managing a business—and your books—you’ve probably had to learn what is accounts payable vs. accounts receivable. . Accounts payable and accounts receivable are two different sides of the same coin. Without a deep understanding of your accounts payable and receivable, you could face costly setbacks.

accounts payable 71

accounts payable Account accountant accounted 71

TaxConnex

DECEMBER 8, 2022

When goods are not transported, the general place of supply is where the goods are physically located at the time of supply. When the goods have been dispatched or transported, it’s where the transportation begins. This is VATs’ equivalent of U.S. nexus rules.). The place of supply is France.

Tax 195

Tax Transportation Sales Maine 195

Basis 365

JULY 27, 2023

Inventory management plays a significant role in eCommerce accounting, so let's review its impact on various aspects of the business. Accurate Financial Reporting: Proper inventory management is essential for accurate financial reporting in eCommerce accounting.

E-commerce 52

E-commerce Account accountant accounted 52

Katz,Sapper&Miller

SEPTEMBER 24, 2018

Under current revenue recognition standards, transportation companies generally recognize revenue upon delivery of freight to the customer. Related transportation and delivery expenses directly associated with the shipments are recorded once the revenue is recognized. 2014-09, Revenue from Contracts with Customers (Topic 606).

Transportation 40

Transportation accounting standards financial accounting Account 40

Going Concern

NOVEMBER 14, 2022

Deloitte has been awarded a $199,600 contract to work on a public transportation system plan for the Cayman Islands. accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling enclave of Macau, where several U.S.-listed listed casino businesses operate.

Account 56

Account accountant accounted auditor 56

Going Concern

JUNE 15, 2023

Prior to 2007 I had little idea the accounting profession existed. Let’s quickly transport ourselves back to 2001: Under the AICPA plan, professionals who possess the XYZ credential will have specific integrative competencies, professional competencies, and cross-disciplinary knowledge.

Account 56

Account accountant accounted Education 56

PYMNTS

MARCH 1, 2018

Here are the numbers: 270 million | Number of bank accounts opened using the Aadhaar payments app, according to analyst estimates, meaning more transacting and banking is being done outside the traditional system. workforce by 2020.

Transportation 40

Transportation tax return accounts payable financial statements 40

Going Concern

MAY 12, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. UK accounting sector needs to put more emphasis on its people [ AccountancyAge ] Across the UK, increasing turnover rates have been observed across barrios sectors.

CPA 103

CPA Account accountant accounted 103

TaxConnex

NOVEMBER 28, 2023

You may also need to file other declarations, mainly relating to cross-border trade in goods, on such information as type and weight of goods, mode of transport and country of origin, among other details. GST/HST is registered under one account, and the province of a customer’s residence dictates what sales tax rate to charge.

Sales 209

Sales Tax Transportation Maine 209

ThomsonReuters

DECEMBER 19, 2023

Accountants play a critical role in helping their clients navigate ESG tax credits and green taxes. From staying informed on ESG trends and regulations to identifying green tax breaks, more and more businesses are turning to accountants for ESG reporting and compliance. Identify ESG-related tax incentives.

Tax 52

Tax Account accountant accounted 52

CPA Practice

FEBRUARY 12, 2024

Micah Fraim, an accountant with the small-business focused accounting firm Fraim, Cawley & Company in Roanoke, Virginia, says these code changes will have the most substantial impact on businesses with very large capital expenditures, such as manufacturers, energy producers, and transportation companies.

tax return 115

tax return Tax Virginia Transportation 115

ThomsonReuters

OCTOBER 29, 2020

Qualified Transportation Fringe Benefits. The post IRS Releases 2021 Cost-of-Living Adjustments for Health FSAs, Transportation Benefits, Adoption Assistance, and More appeared first on Tax & Accounting Blog Posts by Thomson Reuters. News Release. Health FSAs. Contributing Editors: EBIA Staff.

Transportation 40

Transportation income tax Tax Account 40

Katz,Sapper&Miller

MARCH 30, 2016

Jason Miller, a partner in Katz, Sapper & Miller’s Transportation Services Group, will lead a discussion on lease accounting updates at Indiana Motor Truck Association’s (IMTA’s) 2016 Spring Transportation Summit.

Transportation 40

Transportation Indiana Account accountant 40

Katz,Sapper&Miller

APRIL 26, 2019

However, running afoul of the IRS’s accountable plan rules can jeopardize these savings. Dave Hatch and Tommy Dean, both with HCH Transportation Advisors, will also discuss how carriers can stay compliant once a plan is in place.

Transportation 47

Transportation Kentucky Tennessee income tax 47

Katz,Sapper&Miller

MARCH 29, 2019

Katz, Sapper & Miller will again be part of McLeod Software’s third annual Accounting and Finance Conference (formerly the McLeod CFO Conference).

accounting and finance 47

accounting and finance Finance Transportation Account 47

CPA Practice

JANUARY 2, 2024

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

Illinois 114

Illinois Pharmaceutical E-commerce audit 114

Anders CPA

MARCH 18, 2024

A company’s operating profit is the revenue it generates before the deduction of interest and taxes, but after other operating expenses have already been accounted for (such as fuel costs, equipment, etc.). Once all other fixed costs and variable costs have been accounted for, the amount that a company has left is its net profit.

Transportation 52

Transportation accounting and finance Start-ups Tax 52

Snyder

SEPTEMBER 23, 2022

More and more small businesses are now relying on freight to transport their goods from one region to another. Accounting. When it comes to the FOB shipping point, the transport cost and fees are the responsibility of the seller until the products are delivered to the port from where they will be sent to the buyer. What is FOB?

Transportation 98

Transportation Sales Start-ups Legal 98