Cherry Bekaert

FEBRUARY 7, 2024

Instead, it passes the profits or losses through to the owners. This means that the profits are only taxed at the personal level, avoiding the double taxation that corporations face by paying corporate income tax. An LLC is one of four main legal business structures, whereas an S corp is a tax classification.

Real Estate 103

Real Estate Tax income tax Legal 103

Anders CPA

MARCH 18, 2024

Operating a business in the trucking industry has always been a challenge, but recent years have been exceptionally difficult. Yet household names in the industry that existed for nearly 100 years have completely gone out of business. The answer lies in improving your trucking company’s profit margins. to just over 8%.

Transportation 52

Transportation accounting and finance Start-ups Tax 52

CPA Practice

FEBRUARY 6, 2024

With a series of high-profile investments in large accounting firms and a quieter but no less significant foray into the accounting software sector, PE firms have unmistakably cast their eyes towards an industry traditionally characterized by its cautious, measured pace of change.

public accounting 75

public accounting Account accountant accounted 75

CPA Practice

JANUARY 31, 2024

Affiliate marketing is a multi-billion dollar industry that not only spreads across the internet, but is exploding in most social media platforms. The addressable market for Patriot’s accounting and payroll software is approximately 35 million businesses. Patriot Software’s Affiliate Program pays out commissions of $150 per new customer.

payroll 93

payroll Technology Account accountant 93

Withum

MARCH 19, 2024

Especially in an industry that is dominated by those younger than thirty years old. Although there are many gamers who pursue streaming and Esports as a means to make a profit, there are also those that still game as a hobby, and sometimes that hobby can lead to money. Instead, the company issues a form called a 1099-NEC.

Gaming 105

Gaming Tax Non-Profits income tax 105

CPA Practice

SEPTEMBER 25, 2023

Your pricing should consider your qualifications, certifications, and industry experience. This will help you establish competitive, yet profitable pricing that reflects the unique value you bring to your clients. It’s an evolving process that should adapt to your clients’ needs and industry dynamics. =

audit 113

audit accounting and finance accounting firms CPA 113

Anders CPA

FEBRUARY 5, 2024

At the first year anniversary of recreational cannabis in Missouri, the state industry is healthy. That means that to maintain 2023 levels of profitability in 2024 or increase profitability, cannabis businesses will have to focus on fundamentals. Does your assortment address that trend? That’s the good news.

Missouri 52

Missouri Education Sales Retail 52

Basis 365

JUNE 6, 2023

Profitability: While profitability is crucial, it should not be the sole determinant of your compensation. Allocating a percentage of net profits for owner compensation strikes a balance between reinvestment and fair compensation. Legal Structure: The legal structure of your business affects how you pay yourself.

Account 97

Account accountant accounted payroll 97

CPA Practice

FEBRUARY 14, 2024

Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses, is strengthening its commitment to help SMBs get to net-zero at Transform 2024, its annual gathering of Sage Intacct customers, partners and industry experts, taking place from February 26-29 in Las Vegas.

Nevada 111

Nevada payroll Education Government 111

CPA Practice

APRIL 17, 2024

Compliance with not-for-profit laws, rules, and regulations is essential for maintaining an organization’s 501(c)(3) status as a charitable entity. Compliance with not-for-profit laws, rules, and regulations is essential for maintaining an organization’s 501(c)(3) status as a charitable entity. CCI) to create the Compliance Checklist.

audit 52

audit cpas tax services Tax 52

Withum

JANUARY 8, 2024

She provides tax compliance and consulting services to partnerships and high-net-worth individuals and serves business clients in various industries, including real estate , technology , manufacturing , restaurants , professional services and not-for-profit.

Real Estate 111

Real Estate CPA Manufacturing Tax 111

Withum

FEBRUARY 9, 2024

We see from their January 12, 2024 communication that this initiative has indeed started, and it specifically targets inbound US distributors that report losses or low profits on a consistent basis.

Non-Profits 78

Non-Profits tax return Tax Manufacturing 78

Anders CPA

JULY 21, 2022

The Financial Accounting Standards Board (FASB) issued new reporting guidelines to help increase transparency around the measurement of contributed nonfinancial assets recognized by not-for-profits, including how much was used to support programs and activities. What does this mean for your organization?

accounting standards 98

accounting standards audit CPA financial accounting 98

Basis 365

JULY 25, 2023

It helps evaluate the profitability of acquiring and retaining clients. Gross Profit Margin: Gross profit margin is a critical financial metric that measures the profitability of a marketing company's core services. Effective financial management is crucial for the success of any business, including marketing companies.

Account 97

Account accountant accounted accounting system 97

CPA Practice

NOVEMBER 29, 2023

And I have come to realize something: Most of what I’ve learned about the restaurant business can be applied to almost any business in almost any industry. Maybe you’re trying to help a business climb out of the red and back to profitability. And it’s why, this works in industries other than hospitality.

Hospitality 97

Hospitality Start-ups business accounting Account 97

Withum

MAY 23, 2022

Upon conversion from a non-profit entity to a for-profit entity, which is a taxable transaction. This is typically used when the entity is not usually profitable and has little if any intangible assets. As the legalization at the state level continues to increase, the need for business valuation is increasing.

Non-Profits 128

Non-Profits Legal Tax Sales 128

Withum

JUNE 29, 2023

The accomplishments of each individual are evidence of a larger trend—that of professionals going above and beyond, never ceasing to learn, create and innovate to better the future of our Firm and the entire accounting industry. Hayley Stout specializes in tax compliance and consulting services for the Healthcare industry.

audit 105

audit E-commerce Real Estate Healthcare 105

Anders CPA

MARCH 11, 2024

However, if they do qualify, cannabis business loans come with higher interest rates and lower borrowing amounts compared with other industries. Term debt: Most industries can take out small business loans to finance investments. Why are banking services limited for cannabis-related business? The SAFER Banking Act is the U.S.

Finance 59

Finance Real Estate accounting and finance Non-Profits 59

Going Concern

APRIL 19, 2024

54% of leaders expect new business models to support their growth strategies in the next 12 months, followed by new product and revenue streams (46%), productivity (39%) and profitability (31%). Additionally, respondents cited concerns about cost, trust and AI replacing jobs. Which is to say, not much. We buying that?

accounting firms 106

accounting firms Account accountant accounted 106

Withum

JANUARY 13, 2023

Withum is a forward-thinking, technology-driven advisory and accounting firm committed to helping clients be more profitable, efficient and productive in the modern business environment. The sports industry is a lifelong passion for our team members. The sports industry is a lifelong passion for our team members.

Sports 105

Sports Account accountant accounted 105

CPA Practice

SEPTEMBER 14, 2023

I love talking to people who work in different industries than the one in which I work – tech – because they see the world differently, which enables me to learn new things from them that I can apply to my work. By Davis Bell. Some tech companies thought the answer was simply perks – Massages! Bring your dog to work! The same goes for KPIs.

accounting firms 108

accounting firms Technology Account accountant 108

Menzies

MARCH 7, 2024

In an industry where consumers are increasingly using multiple channels to shop, this can be used to identify which sales channels are growing and where best to place the strategic direction of the business. Measuring turnover trends and ratios can aid in understanding your customer base and making key strategic decisions.

Retail 52

Retail E-commerce chartered accountant Sales 52

Cherry Bekaert

MARCH 27, 2024

They are treated like direct property ownership for tax purposes, which meet the requirements of like-kind property and qualify as replacement property for a Sec. 1031 exchange. Additionally, DSTs are financed with non-recourse debt and the beneficiaries do not carry any personal liabilities under the loan.

Delaware 110

Delaware Real Estate accounting standards Legal 110

Anders CPA

JANUARY 15, 2024

Real time adaptability is key: market conditions, industry fluctuations, regulatory changes, all those forces need to be considered. Did our industry shift? When we talk about the cannabis industry, change is the only constant. At the same time, we need to have a benchmark against which to judge how the year has been going.

Retail 96

Retail Missouri Sales CPA 96

Anders CPA

OCTOBER 13, 2023

In 2020, about two thirds of cannabis retailers were profitable. Price compression keeps gross profit down as customers shop around for the best discounts. That’s a strong number, and for almost any industry, it would leave a business in a good financial position. There are a lot of reasons why that’s the case. See Chart 2.)

Retail 52

Retail Real Estate Tax Start-ups 52

CPA Practice

FEBRUARY 14, 2024

Since late 2022, mass layoffs have hit several industries, most notably media and tech, as companies large and small seek ways to reduce costs in order to buoy profits. By Michael Grothaus, Fast Company (TNS) The past 18 months have been rough for American workers. Eighteen percent said they have no emergency savings.

108

108

CPA Practice

OCTOBER 12, 2023

Did you know that client-centric firms are 60% more profitable than non-client-centric competitors? If you want to build a firm that generates more profits, understands its clients better and builds loyalty simultaneously, you need to reprogram your firm. For example, I work with a lot of clients in the construction industry.

Non-Profits 98

Non-Profits bookkeeping services Education CPA 98

CTP

APRIL 10, 2024

This might be a profitable strategy if the taxpayer could benefit from delaying that capital gains tax until a future year when they will likely be in a lower tax bracket or have more available deductions to offset their taxes owed. Of course, taxpayers must be advised that a 1031 exchange does not eliminate taxes—it simply defers it.

Real Estate 96

Real Estate Tax Maine Sales 96

Dent Moses

FEBRUARY 15, 2024

Let’s dive into what these statements can reveal: Income Statement: The Pulse of Profitability The income statement lays out a company’s revenues, expenses, and profits over a specific period. Analyzing this statement helps gauge the profitability and operational efficiency of the business.

financial statements 52

financial statements Construction Account accountant 52

CPA Practice

OCTOBER 31, 2023

If a company grows by a huge amount and then sells at a massive profit, the lender could see a big payout. Instead of trying to impress a bank manager with numbers and potential profits, you need to pitch something to excite investors. You might be increasing your staffing, starting a marketing campaign or developing a new product.

Missouri 124

Missouri Agriculture Finance Washington 124

CPA Practice

FEBRUARY 26, 2024

We’re seeing a major shift in the industry from traditional accounting to a consulting role. At the same time, they boost your firm’s profit margins. Progressive accountants know that advisory services are the future of accounting. In fact, 83% of clients want a tax professional who also offers advisory services.

tax planning 119

tax planning CPA Tax Construction 119

Withum

AUGUST 8, 2023

She provides tax compliance and consulting services to partnerships and high-net-worth individuals and serves business clients in various industries, including real estate , technology , manufacturing , restaurants , professional services ,and not-for-profit. This is Aza’s second year on the LABJ’sLeaders of Influence list.

Real Estate 98

Real Estate Manufacturing Entertainment CPA 98

Anders CPA

NOVEMBER 13, 2023

The cannabis industry is accustomed to shockwaves, between voter referenda, congressional bills and state-wide policy shifts. Simply put: this move will allow more operators to stay in business, and those who are already achieving profitability will be able to shift into a higher gear and invest back into the business.

Tax 72

Tax tax planning Education CPA 72

ThomsonReuters

JUNE 9, 2023

In this blog post, we’ll provide some tips on how to ensure your firm is audit compliant and up to date with the latest industry changes. By following these steps, your firm will have a smoother audit process with fewer compliance issues — resulting in greater profitability. How do you ensure audit compliance? compatible.

audit 98

audit Non-Profits Technology auditor 98

SkagitCountyTaxServices

SEPTEMBER 13, 2023

This means you’re actively engaged in activities with the intention of making a profit. If you want to capitalize on your industry experience by teaching others , “open for business” means you’ve got a YouTube channel, a marketing plan that’s helping you grow, and an active ad account. It’s been 22 years already.

CPA 76

CPA tax return accounting and finance Start-ups 76

Cherry Bekaert

MARCH 27, 2024

They are treated like direct property ownership for tax purposes, which meet the requirements of like-kind property and qualify as replacement property for a Sec. 1031 exchange. Additionally, DSTs are financed with non-recourse debt and the beneficiaries do not carry any personal liabilities under the loan.

Delaware 98

Delaware Real Estate accounting standards Legal 98

CPA Practice

MARCH 26, 2024

By Wendy Lee, Los Angeles Times (via TNS). Cheaper app subscriptions. Additional payment options. Greater freedom for app developers on the App Store. More consumer choice. Those are some of the possibilities that consumer advocates hope will come to pass for users of Apple iPhones, iPads and other products if the U.S.

Gaming 116

Gaming Non-Profits Technology California 116